Friday, September 2, 2022

Prince Philip of Serbia Suggests Bringing Bitcoin into the Classroom

The prince built a sandcastle on the beach at the Surfin’ Bitcoin 2022 before it was ruthlessly destroyed while playfully suggesting he was rebuilding during a bear market. Prince Philip claimed he was “bullish on Bitcoin” partly because of the potential influence it could have on children’s education worldwide when speaking to Cointelegraph over sandcastles at the Surfin’ Bitcoin 2022 event at the Casino de Biarritz in France on Thursday. The prince, a self-described “Bitcoin (BTC) maximalist,” intimated that a portion of his keynote talk at the crypto conference, just the second time he has spoken at one, will center on educating individuals inside and outside the field about the potential advantages of Bitcoin. Prince Philip said, “Kids need to know what Bitcoin is about.“ The most important thing is the history of money; we weren’t taught this in school, I can tell that education is getting worse.

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Source ( https://medium.com/@silverlineswap/prince-philip-of-serbia-suggests-bringing-bitcoin-into-the-classroom-7cf407a938e9 )


The IKONIC Metaverse has nothing to do with real-world economy

The IKONIC Metaverse has nothing to do with real-world economy. It was finished ahead of schedule and without any problems. Such research has the potential to reveal fascinating new facts about the metaverse. For the foreseeable future, IKONIC's metaverse will not be expanded upon. There is no need for anything more than a receiver and a pair of NFT speakers to participate in the digital meetings. If a couple is struggling, one strategy is for each partner to try something new. Never before had such a small crowd attended an NFL-sponsored event. Opportunities for fun and games of all kinds abound. One strategy to maximize data redundancy and security is to maintain frequent backups of your data.

#IKONIC #CRYPTO #BSC #BINANCE #BITCOIN


IKONIC will allow fans to own and share the finest moments in esports history and will give fast-growing multimillion-dollar esports events and businesses a new way to connect with their audience.

IKONIC will allow fans to own and share the finest moments in esports history and will give fast-growing multimillion-dollar esports events and businesses a new way to connect with their audience.

Video clips of the most insane and spectacular gaming feats will be easily mintable into NFTs with just a couple of clicks. And with a click or two more, they will be listed and ready to trade on IKONIC’s marketplace.

Creators can design these NFTs to pay lifetime royalties or even generate entirely new streams of revenue through the sale of sublicensing rights.

And all this is but the very beginning!

#IKONIC #CRYPTO #BSC #BINANCE #BITCOIN
https://www.ikonic.gg/


Hiro's Weekly Community Updates: Freedom for Bitcoin, Optimizing Bitcoin to the Fullest, CEO Alex Miller Appears on Wolf of All Streets, and more!

Happy Friday Stack Devs! Don’t miss out: Here’s a roundup of all the latest developer resources, tutorials, and events to keep on your radar. Here are some of our latest posts:

  • Freedom for Bitcoin In this blog, our CEO Alex Miller announced Hiro’s donation to the OpenSats Legal Defense Fund to defend open-source contributors’ work related to Bitcoin. Read it here.
  • Optimizing Bitcoin Our CTO Diwaker Gupta wrote a piece explaining why Bitcoin Optimalism is the way of the future. Check it out here.
  • And the Winner is... Drumroll, please! The winner of this year’s hackathon is Clear Waters! Congratulations! Click here for their hackathon demo.
  • Bitcoin Fixes Student Loans? Alex Miller joined Scott Melker and other crypto execs to discuss how the crypto market will react to student loan forgiveness. Join the convo here.
  • Hiro Developer Survey We need your help to improve Hiro’s products. Fill out a short 10-min survey here to offer some feedback.

Looking to enter the world of blockchain? Hiro is hiring! Check out some of our open positions here.

Stay tuned here and on our Twitter for more updates and announcements,


What will happen today and the weekend? A small recap and upcoming events

Just some information I want to share.

Recently there has been a lot of uncertainty after latest sell offs. The markets are very volatile like NASDAQ dropping -2% within a short time just to climb back up hours before closing.

some sources are convinced BTC will climb back to 23k any time soon.

Others are convinced we will see a relief and green accumulate phase before upcoming economic events such as CPI.

Today in a couple hours we will see the markets react to unemployment rate. ( released in 2:15h from now )

Analysts are convinced good results will lead to a Green Day which can potentially lead to a tiny green weekly close in the NA stock market.

NA Markets will be closed on Monday due Labor Day. Majority of money in crypto comes from NA institutions. So like similar to last stock market holiday crypto might be more volatile on these days.

What to expect : as usual weekends are pretty slow but I’m personally convinced crypto will react and be traded accordingly to the weekly close of the stock market. If you DCA you probably don’t have to care that much since under 20k BTC is pretty much a steal anyway.

If you trade you might have to prepare for some interesting volatility that can easily go in both directions based on a few numbers released today.


Websites and Apps to earn Bitcoins/Cryptocurrencies for Free

Nowadays there are many legit and genuine websites/Apps that allows you to earn free Bitcoin. Usually, they offer free Bitcoins and other Cryptocurrencies as an advertisement for their services or doing some tasks, such as connecting your CPU for mining, playing games or completing micro-tasks.

Here you have a good list of the best Websites and Apps to earn Bitcoins/Cryptocurrencies for Free:

FreeBitcoin

Founded in 2013, FreeBitcoin is a bitcoin faucet established as one of the most reliable faucets that exist today. In the more than seven years that it has been in operation, the web has gradually added more functionalities so that users have several options to get more than interesting prizes. One of the advantages of FreeBitco.in is that it can be used all over the world, regardless of your country of residence.

FreeBitcoin works like a roulette wheel. Every time you use it you get a random number between 0 and 10000. The rewards depend on the number you get. The closer to 10,000, the higher the prize, although you will always get some satoshis. Freebitco.in gives you also access to multiple ways of earning free bitcoins every day.

In freebitco.in you can use your bitcoins to bet on the events regarding sport, football, baseball, rugby, basketball, cricket, F1, politics, future bitcoin price and win more bitcoins. The minimum bet is 0,00000001 BTC, so you can bet from 1 satoshi to many bitcoins.

The minimum balance to withdraw is 0.00030000 BTC. In you profile, you can add your bitcoin address where you want to receive payments.

Link: Sign up in Freebitcoin

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Get-Paid

Get Paid is a GPT (Get Paid To) / PTC (Paid to Click) website, formerly known as GPTreasure, which offers its users various methods to earn money on the Internet, such as viewing advertising, doing small jobs, completing surveys or testing mobile applications.

More info: Get Paid, Review, Guide & Tutorial

On Get Paid you have a wide range of surveys, advertisements, web registrations, app downloads or other promotions that will allow you to increase your balance and earn Money Online for Free. Finally, you can redeem those coins that you have accumulated for gift vouchers for stores, games, money and many other prizes. Payments in Get Paid can be requested at any time, exchanging the accumulated balance in coins for cash through Paypal or WebMoney, Bitcoins, or Amazon and Steam gift cards.

Link: Sign up in Get Paid

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Cointiply

Cointiply is a Bitcoin Faucet in which you can earn Bitcoins for Free that can be withdrawn to your bitcoin wallet address. It offers surveys, offers walls, games, watch ads, and applies promo codes to keep you active on the platform. It is one of the highest paying Bitcoin faucets currently.

There are several different ways which you can earn coins in Cointiply:

Paid Offers: Paid offers are one of the easiest ways to make money. It is important to follow the instructions per task to complete the offers successfully and get paid.

Paid Surveys: It is the most popular way of earning coins. They have a great survey offer wall, Tap Research, and Revenue wall. They can pay thousands of coins for completing depending on the type of surveys

View Ads: View Ads are one of the popular features on PTC sites. Though there are minimal ads per person, it is a very easy and instantly paid option. Generally, you have to click on an ad and then wait for 10 seconds before closing it.

Bitcoin faucet: You can earn Coins by spinning their faucet! You might even win the progressive jackpot that starts at 100,000 Coins and goes up until someone wins it.

Watch Videos: This is a feature where you need to watch the videos. Many times the videos are not more than 2 or 3 minutes, so the reward for watching videos is not a major one.

You can collect up to 200 satoshis per hour, but you need a minimum of 35,000 satoshis to make a withdrawal.

Link: Sign up in Cointiply

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FreeCash

Freecash is an entirely safe and legal offer wall website that offers various payout options and a really attractive coin exchange rate compared to its competitors. They host a variety of different offers and tasks for users to complete in exchange for rewards like cash and gift cards.

More info: Freecash, Review, Guide & Tutorial

When you sign up for Freecash (more info in the getting started section), you'll be able to start earning money right away by picking and choosing tasks you're interested in. You can choose to work as much or as little as you like. Freecash supports 7 Offer Walls sites and 4 Survey sites where you have hundreds of tasks you can get money for. Each time you complete a paid task or offer on Freecash, you earn coins. While systems like this can be annoying, Freecash's is quite simple: 1,000 Freecash coins = $1

After completing enough tasks to rack up at least $0.10, you'll be able to cash out your earnings via a variety of options: PayPal, Cryptocurrency, Prepaid Visa, Gift Cards or Digital Products.

Link: Sign up in Freecash

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IPRoyalPawns

IPRoyalPawns is a free app that allows users to make money online by sharing your internet connection. IPRoyal enables you to make money instantly. All you need to do to start generating income is to create a free account and install the app. Probably the best alternative to Honeygain, a similar App to generate passive income effortlessly .

The IPRoyal network is used by businesses for research in e-commerce, marketing, and web intelligence. These companies gather insights from different corners of the web for market analysis, brand protection, ad-fraud prevention, pricing intelligence, travel transport aggregation, and SEO monitoring.

More info: IPRoyal Pawns, Review, Guide & Tutorial

How Much Can You Expect to Earn in IPRoyalPawns?

Your earnings depend on the amount of traffic (in GB) you share and how long you keep the application running on the IPRoyal network. The longer you stay online, the more you earn!

Users can earn from 5 USD to 140 USD per month on average for just keeping the app active on the device. Right now the payment rates is 0.20USD per 1GB shared.

How to withdraw earnings on IPRoyalPawns?

Payouts are available from 5USD earned. As fast as you make 5USD, you can withdraw that to your preferred payment method. You can withdraw your eanings via Paypal or Bitcoin.

Link: Sign up in IPRoyalPawns

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GG2U.org

GG2U is a fun and unique rewards program that's free to join. You can earn GG2U Coins for playing games, taking surveys, and completing offers from the advertisers. You can also earn Video Points for simply having the advertisers' videos playing on your phone or computer.

More info: GG2U, Review, Guide & Tutorial

The GG2U Coins and Video Points that you earn will lead to credits to your GG2U account balance (payable to your PayPal account or Bitcoin wallet). You'll be rewarded for things like playing games, answering survey questions, signing up at sites, and installing apps. You can even earn extra while you're playing video games (or doing other things) by simply having our videos playing in the background on your phone or computer. For every 200 Video Points you earn, you'll receive a Silver Token. Each Silver Token will reward you with a credit to your account balance of $1.00 to $3.00.

When you receive earnings from GG2U Coins and Silver Tokens, it gets credited to your account balance (which is always displayed in reference to USD). All cash bonuses you receive from us (e.g., our $1.00 Signp Bonus) also are credited to your account balance. Once you have reached just $7, you can request a payout to your PayPal account or to your Bitcoin wallet .

Link: Sign up in GG2U

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Latium

Latium Freelancing is a micro-job site that will pay you for completing small jobs. It is a great place to find jobs that you can do at home. The jobs are varied, and the earning potential is high. You will need to put in some effort, but then it is all worth it.

The amount you can earn from Latium Freelancing will mostly depend on how much time you are willing to invest in it. That’s because the projects available will mostly take some time to complete. As for how much you will earn from each project, it will mostly range from $50 to $100. There are 3 types of freelancers, the free, verified, and pro. Each type comes with advantages and disadvantages.

Whenever you complete a project, you will get paid either in cryptocurrency or US dollars. You will see the payment on the details page of the project. So, you’ll know what you will get paid with when you complete a project. Withdrawing your earnings can be done in two ways:

- To withdraw your US Dollar earnings, you have to use PayPal, and you don’t need to reach a certain amount before you can withdraw your earnings.

- For your cryptocurrency earnings, you have the option to withdraw it to your crypto wallet or you can trade it for other cryptocurrencies. Latium Freelancing has its own cryptocurrency exchange platform called Latium Exchange.

Latium freelancing is available around the world. You can sign up as a freelancer regardless of where you live.

Link: Sign up in Latium Freelancing

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Earnably

Earnably is a GPT website that started in 2015. Since then, it has quickly become popular among people looking for a great website for making money on the side. Partnering with more than 30+ partners, the company lets you redeem your points at any time for instant rewards and a variety of gift cards.

More info: Earnably, Review, Guide and Tutorial

Registration is fast and free. You only need to provide your email address, create an username and password, confirm your email, and you are good to go. Earnably works like any other survey GPT websites. It gives you chances to earn money online taking surveys or completing offers. Earning points with Earnably is easy. In addition to surveys there are also tasks like watching videos, shopping, using apps and other ways to earn money.

As with many other websites of this kind, Earnably pays in the form of points that you can later convert into cash. The point value varies depending on which Earnably offers you perform. 

To get paid on Earnably, you can choose to convert your points for PayPal payments, cryptocurrency, prepaid Visa cards, or gift cards from various retailers. Once you complete a survey, you will receive an aggregated amount of points in your account. For example, to withdraw the minimum threshold of $1, you will accumulate at least 125 Earnably points. 

Link: Sign up in Earnably

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UpFiles

Upfiles is a file-sharing platform that allows users to make money by sharing files. With upfiles, you get 120 GB of free storage, which you can use to upload files and share them with others to make money.

The sign up process is very easy and should not take more than 2 minutes. After signing up. You can use the platform to upload and share any type of content. Share your files with your friends and followers and get paid for every download.

More info: Upfiles, Sharing flies platform to make money

Unlike some other platforms, you only need to have $3 on your account to request a withdrawal. You can withdraw your earnings via Paypal, Payeer, Bitcoin or Airtm.

Link: Sign up in Upfiles

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Lootup.me

Lootup is a fast-growing rewards programs that gives users the ability to earn gift cards, crypto currency, gift cards, and cash by taking surveys, watching videos, taking quizzes, participating in contests, playing games, shopping at your favorite stores, and other online activities that you normally spend your time online doing!

More Info: Lootup, Review, Guide & Payments

Lootup is committed to providing an “all-in-one” rewards platform, where users will receive the highest reward amounts for completing online tasks and be able to redeem your points for gift cards to major retailers such as Amazon, Walmart, & Steam, or for cryptocurrencies such as Bitcoin to major cryptocurrency wallets, or even for cash via PayPal.

Some Tips to make more money on Lootup.me:

  • When completing surveys or offers, always use valid and correct information. For surveys, answer all questions honestly and accurately to provide the highest quality responses. For offers, always input your correct email address and any other information requested.
  • To be credited for completing offers, please ensure that you follow all the instructions and descriptions. If an offer has not been fully completed, you will not receive credit.
  • Participate in the free weekly and monthly contests! This is a great way to earn free points.
  • Come back to Lootup daily and spin-the-wheel for free points and percentage boosts.
  • Complete your survey profile as soon as possible and come back to Lootup daily for new high paying surveys that you qualify for.
  • Enable push notifications to be able to receive free point promotions from Lootup.

Users can redeem their points for Gift Cards, PayPal cash, or Bitcoin, with minimum redemptions as low as $1.00.

Link: Sign up in Lootup.me

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2Captcha

2Captcha is a website that pays you to solve captcha puzzles. The website was registered in 2014, so it’s been around for several years now. When you visit their website, you’ll see that they’re a program that pays you for solving/answering captchas.

The captchas usually contain a distorted text within an image. An user normally has to type in the answer to gain access to a website in order to prove they're not a robot.

To start your online job on 2captcha you need a computer with keyboard or a smartphone. Register an account on the website, then hit “Start work” at the top. You will pass a short training that will guide you on captcha solving process and when training is complete you will start to earn money solving captchas. Rate for normal captchas is between $0.14-$0.60 per1000.

You can create a payout request once you reach the minimum threshold for withdrawing funds which depends on the payment system you’re using. You can request Payout to one of supported wallets: AirtM, Bitcoin, Payeer, Bitcoin Cash, PerfectMoney and WebMoney.

Link: Sign up in 2Captcha

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Reward XP

Reward XP is popular Get Paid To site that pays its user for doing some easy random tasks. Such tasks include playing games, watching videos, completing Offers and MicroTasks, signing up for emails, etc.

Once you sign up you will be regarded as a member of the site. On this site, you don’t have to pay any amount to be a member or gain membership. Here are the ways you can earn from Reward XP:

- Playing Games

- Completing Paid Surveys

- Micro Jobs / Micro Tasks

- Watching Videos

- Paid Offers

More info: Reward XP, Review, Guide & Payments

There are several amounts of Payment Methods available on the site. Some of them are Paypal, Roblox, Bitcoin, Steam, and Amazon Gift Cards, etc. The minimum payout for each of the methods is $5 which is equivalent to 50,000 points which the site provides initially and later you can convert it into cash.

Link: Sign up in Reward XP

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Feature Points

FeaturePoints is an App which allows users to earn Money and Rewards with your Smartphone (also available for Desktop).

You can download the FeaturaPoints App for Free on Google Play Store or on the App Store, and star to make money with Online Surveys, Testing Apps, playing Games or earn Cash Back.

More info: FeaturePoints, Review, Guide & Tutorial

Redeem your Points on a huge selection of gift cards, such as Amazon, Xbox, Google Play, PlayStation or Bitcoin. You can also withdraw earnings via Paypal from 5$.

Link: Sign up in FeaturePoints

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GamerMine

GamerMine is a GPT-site (Get-Paid-To) where you can earn side-cash and rewards by completing various tasks. These tasks include:

  • Doing surveys (get paid to give your opinion)
  • Completing offers (downloading apps, signing up for free trials, etc.)
  • Watching videos
  • And even gaming

You can join GamerMine from any country but you’ll notice that all the earning opportunities that are available in one nation may not be offered in another. Every time that you do an activity, you’ll get points which are referred to as virtual gold on the site. This gold will be added to your GamerMine balance and you’ll be able to withdraw it when you reach the minimum threshold.

You can also earn daily gold passively by advertising GamerMine in your Steam name and avatar. You can also earn gold semi-actively based on your 2-week playtime on supported games.

The gold earning rates for these are:

  • 50 Gold/day for including GamerMine in your Steam name
  • 25 Gold/day for uploading GamerMine avatar
  • 50 Gold/day for playing popular game titles

Your GamerMine gold can be exchanged for a wide selection of rewards, including cryptocurrency and Paypal Cash, by clicking the Withdraw tab.

Link: Sign up in GamerMine

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Michael Saylor got wrecked, but Bitcoin investors needn’t panic

As cryptocurrency investors know, the market moves in cycles. We had the up-cycle when Bitcoin (BTC) and Ether (ETH) hit their all-time highs, and now the bears are back in town.

One of them mauled MicroStrategy founder and executive chairman Michael Saylor this week. In this case, it was a very powerful bear — Washington, D.C. Attorney General Karl Racine — suing the Bitcoin evangelist for allegedly owing $25 million in unpaid taxes. MicroStrategy’s stock price has fallen more than 13% on the news, from $251 on Aug. 29 to less than $220 on Sept. 1.

Still, now isn’t the time for investors to panic. It’s been roughly three months since the now-infamous crash of the Terraform ecosystem—which ended the greatest bull party known to man—and the sky still isn’t falling. The world isn’t ending, and blockchain is as immutable as ever.

Does that mean industry leaders should stop viewing market downturns as existential threats to cryptocurrency as an enterprise? Perhaps not, considering $2 trillion in value was erased from cryptocurrency’s market capitalization after Terraform’s collapse. Such extreme market events can’t be dismissed as volatile swings that we should expect going forward. Not all the factors playing into them are healthy.

Related:Crypto developers should work with the SEC to find common ground

If the previous downcycles bore the brand of things like the initial coin offering (ICO) scams of 2017-18 or the decentralized autonomous organization (DAO) hack of 2016, this one also has a story to tell. This time, it’s that over-reliance on leverage is not good for you. Companies that tried to go too far too fast ended up overextended and now face a moment of reckoning.

Many cryptocurrency projects are inclined to rebuke traditional finance in favor of a new path forward. That mentality should be applauded. Platforms, including Celsius, introduced the prospect that lenders can earn high yields on loans without going through a bank as an intermediary. That idea won’t, and shouldn’t, go away.

Nevertheless, snubbing the old ways doesn’t mean crypto companies can defy the laws of gravity. Failing to assess the risk of default and having a strategy in place for when that happens—because it will happen at some point—doesn’t count as innovation.

That principle far beyond decentralized finance (DeFi) applies across the crypto industry. When hundreds of crypto projects added “metaverse” and related words to their messaging after Facebook rebranded as Meta, serious business people understood it was often another marketing ploy by unserious nonfungible token (NFT) projects looking to capitalize on the hype. Indeed, in January, OpenSea, the largest NFT marketplace in the industry, claimed that a whopping 80% of NFTs minted on its platform for free were fraud or spam.

Related:Bored Ape prices are down, but the NFT market is headed for new heights

In the early days of the ICO Wild West, we could accept some degree of this kind of mania as a normal, early-stage phase of new technology. But that can’t be the status quo going forward.

Exchanges like OpenSea don’t have to become like Robinhood to thrive, but they have to employ the same mechanisms legitimate trading platforms use to prevent frauds from taking over. Again, the laws of gravity still apply to the Metaverse, NFT projects and platforms that offer their tokens for trading.

OpenSea users, volume and transactions statistics. Source: DappRadarThat doesn’t put the sole burden on exchanges or minimize what I and others have written about regarding projects themselves bearing the burden of behaving responsibly. Having an actual product is necessary before launching yet another token sale devoid of purpose and a marketing campaign to go along with it.

Indeed, memecoins might yet play a vital role in the industry. But projects that aren’t meant to be the next Dogecoin shouldn’t employ the marketing strategy of the Shiba Inus of the world. Some projects are doing this right, and they are the ones that have a serious shot at succeeding in the next bull run.

Another hurdle the industry must overcome is crypto platforms launching purely to allow investors to trade for other digital currencies. We have plenty of those as it is. Projects that can find other ways of spending crypto will move the industry beyond speculation.

Of course, even these projects must ground their innovative drives in realistic business plans. When we start seeing more of that, perhaps the grand crypto experiment can finally outgrow the fear of extinction every time a crash hits.

The accusations against Saylor, one of Bitcoin’s biggest supporters and an icon among crypto enthusiasts, amid a bear market are a PR nightmare. But crypto investors aren’t going anywhere. It’s time for the projects that are better at product-building than marketing to capitalize on that.

Ariel Shapira is a father, entrepreneur, speaker and cyclist and serves as the founder and CEO of Social-Wisdom, a consulting agency working with Israeli startups and helping them to establish connections with international markets.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Original Article

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PROJECT HIVE IDO

It’s almost Project Hive $HGT IDO time!

The IDO, which will begin in mid-September, will use a number of confirmed, well-known launchpads.

INTRODUCTION Because some Defi platforms have a steep learning curve, a lack of understanding of how cryptocurrency works may act as a barrier to entry for an average crypto trader. With the right information, a confident investor can overcome any obstacle. A token offering is typically an exciting opportunity for crypto investors. Having the ability to purchase a token at launch can be extremely profitable. In retrospect, the initial coin offering (ICO) frenzy that swept Ethereum (ETH) in 2017 was not entirely positive. There were numerous scams and rug pulls, and investors frequently lost a significant amount of money. Since then, many mechanisms to offer tokens have been developed by the cryptocurrency industry, including the Security Token Offering (STO), Initial DEX Offering (IDO), Initial Exchange Offering (IEO), and others. IDOs are used more and more.

WHAT DO IDOs DO? Initial Dex Offering is referred to as IDO. It is a method of using a DEX to fund a cryptocurrency project (Decentralized Exchange). For instance, a business can raise money in a number of ways to expand its operations or develop new products. The traditional path is to use financial loans or investments from banks and VCs. However, as a result of their popularity, more companies now use cryptocurrencies like Bitcoin and Ethereum to raise cash through token sales. In this case, companies create cryptocurrency tokens and offer them for sale to the public in exchange for Bitcoin, Ethereum, and other significant cryptocurrencies as well as fiat money. Token-based fundraising is the term used to describe this method of fund raising. Liquidity pools (LP), which produce liquidity after the sale, are essential in IDOs. During a token generation event, an IDO typically enables users to lock money in exchange for new tokens. Some of the donated funds are first combined with the new token in an LP before being subsequently returned to the project. When DEXs first appeared on the scene in 2019, a lot of cryptocurrency projects were drawn to the decentralized nature of these exchanges. IDOs offer a better alternative to centralized exchanges for the introduction of tokens and for fundraising. The first effort to ever introduce an IDO was the Raven protocol. Then IDO launchpads started to arise, offering services tailored specifically for new IDO projects. This made IDOs more desirable as a source of funding in the cryptocurrency sector.

WHAT IS AN IDO’S PROCESS? A decentralized exchange is used by an IDO to enable the token sale (DEX). Through the platform, users make financial commitments, cryptocurrency projects submit their tokens to the DEX, and the DEX completes the final distribution and transfer. These processes are automated by using smart contracts on the blockchain. The phases and guidelines of an IDO differ based on the DEX controlling it, but there are a few common practices: 1. Following vetting, a project is given the go-ahead to run an IDO on a DEX. Customers lock their money in exchange for a certain price and a set amount of tokens that are provided by the company. Investors will get the tokens during a subsequent Token Generation Event (TGE). 2. Typically, there is a whitelist of investors. You might only need to provide your wallet address or complete marketing tasks to join the list. 3. A portion of the funds raised are used to create a liquidity pool using the project’s token. The leftover money is given to the group. Investors can exchange the token after the TGE. Frequently, the given liquidity is locked for a predetermined period of time. 4. The LP is made available for trading, and the user receives the tokens at the TGE.

ABOUT PROJECT HIVE A PvP turn-based, play-to-earn game is available on Project Hive. Project Hive is a fascinating game that has a clans system, excellent 3D graphics, a play-to-earn PVP-focused turn-based battler, and an interesting PVE narrative. The most popular way to represent in-game playable objects is through NFTs, or transferable and tradeable assets. A player retains full ownership of all items they acquire while playing. The ability to create, enhance, and exchange NFTs, which can be utilized to earn additional money and participate in the game's actual development, is another advantage of this technique.

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Cardano Rumor Rundown September 2, 2022

Hey Everyone!

Let’s go….

Newly Covered Today:

  1. Cardano is now on Robinhood! https://twitter.com/RobinhoodApp/status/1565323169409351681
  2. We are in the very first phases of people understanding the immense power of machines. https://twitter.com/GenelJumalon/status/1564651635602853889 https://twitter.com/N8iveToEarth/status/1565412568411553792
  3. Test versions of Daedalus upgraded for Vasil are now out. https://twitter.com/InputOutputHK/status/1565376258841759746
  4. IOG released a whole article on zero knowledge proofs. https://iohk.io/en/blog/posts/2022/09/01/zk-snarks-updatable-setups-on-the-blockchain/

Previously covered, but still interesting:

  1. The giant gulf between the Cardano approach to smart contract standards and that of our competitors is highlighted amid the Nomad bridge exploit coverage. https://twitter.com/IOHK_Charles/status/1554648163532689408 https://twitter.com/sherlock_hodles/status/1554650723291381761
  2. Southrye makes an interesting observation about what I would call one of the bigger differences between Solana and Cardano. https://twitter.com/Southrye/status/1554679752430161922
  3. Looks like Michael Saylor’s Bitcoin bet isn’t playing out how MicroStrategy expected. He is no longer CEO. He is now only the Chairman. https://twitter.com/Mayhem4Markets/status/1554560424267366409 https://finance.yahoo.com/news/michael-saylor-microstrategy-ceo-bitcoin-204325431.html
  4. Here’s John Woods on the possibility of Algorand/Cardano collaboration. https://twitter.com/StakeWithPride/status/1555001121508249601
  5. This article contains allegations that may cast a heavy shadow of doubt on the purported total value locked (“TVL”) of the Solana ecosystem. https://www.coindesk.com/layer2/2022/08/04/master-of-anons-how-a-crypto-developer-faked-a-defi-ecosystem/
  6. Pavia has unveiled the first look at one of the eight districts in the Pavia Plaza. This one appears to be Japan themed. https://youtu.be/4YCQPPo_O1U https://twitter.com/Pavia_io/status/1555210549423644674
  7. The former President of the New York Fed says a full blown recession is either already here or will be very soon. https://www.cnn.com/2022/08/04/economy/recession-inflation-fed-dudley/index.html
  8. BlackRock and Coinbase are now working together to bring crypto exposure to institutional clients. https://www.cnn.com/2022/08/04/economy/recession-inflation-fed-dudley/index.html
  9. The US Treasury has added a bunch of Tornado Cash mixer related ETH addresses to their naughty guy sanctions list. Reports are also coming in that Circle has frozen USDC belonging to some of these Tornado Cash users. Hilarious reactions followed. https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/2022080 https://twitter.com/bantg/status/1556712790894706688 https://twitter.com/juthica/status/1556648502658318337 https://twitter.com/bantg/status/1556656916234965000 https://twitter.com/econoar/status/1556752321773576193
  10. PWC just did a big metaverse survey of 5k consumers and 1k business leaders that indicated 67% of companies are actively engaged in metaverse projects (beyond just experimentation) and 82% expect metaverse activities to be a part of their normal business activities in the next three years. https://www.pwc.com/us/metaversesurvey
  11. FutureFest is putting on a metaverse concert event on Wednesday at 7pm ET. https://twitter.com/futurefestxr/status/1556688896825516032
  12. I think we have found the perfect insult: “that’s web2 thinking”. https://twitter.com/matiwinnetou/status/1556681984789086208
  13. Celsius and Voyager users are currently worried bankruptcy proceedings might involve a clawback of certain withdrawals from these centralized financial platforms. https://twitter.com/TheRealPlanC https://twitter.com/SimonDixonTwitt/status/1556574979524804609
  14. Someone actually did dust a bunch of .eth wallets with ETH from TornadoCash. https://twitter.com/josephdelong/status/1557011056572129280
  15. Coinbase reported a $1.1 billion net loss in Q2 vs. $1.59 billion in net income last year in Q2. https://www.cnbc.com/2022/08/09/coinbase-coin-earnings-q2-2022.html
  16. Reports are coming in that Curve was exploited for $573k. https://twitter.com/WatcherGuru/status/1557104364690489346 https://twitter.com/CurveFinance/status/1557104676830601216
  17. Bank of England researchers are worried the use of cryptoassets in the metaverse could lead to systemic risks. https://bankunderground.co.uk/2022/08/09/cryptoassets-the-metaverse-and-systemic-risk/
  18. A law firm representing Pavia has released a “case study” on their work with Pavia. https://twitter.com/StephensonLawHQ/status/1557360513654423559
  19. More surprises from the Coinbase quarterly filing: the SEC has sent subpoenas to Coinbase regarding its stablecoin and yield generating products. https://www.sec.gov/ix?doc=/Archives/edgar/data/0001679788/000167978822000085/coin-20220630.htm#ibd16326c8f82466fbb851d71853b44a8_262
  20. Virtua gives us a first in-world peek at a game inside their metaverse. https://twitter.com/VirtuaMetaverse/status/1557411483809636352
  21. Don’t forget, the Pavia merch claim for plot holders will start today (Aug 11) and run for two weeks. https://discord.com/channels/897161313120321536/897682883471347763
  22. Artifct has released some images in their discord that seem to be related to avatars for their moon metaverse. https://discord.com/channels/882364185244237884/920120911414300773
  23. CardaStation also provided some in-world footage of the community center they are building. https://discord.com/channels/908827661504237599/909005782790586379
  24. Pavia just unveiled their rebrand and new website. https://pavia.io/ https://twitter.com/Pavia_io/status/1557769622320996352
  25. Pavia also gave us a much more extensive unveiling of the first district of the Plaza. It’s a narrated fly through with some interesting details. It sounds like the next district will be Cyberpunk. https://youtu.be/EhHuP4Z-aDk
  26. Cardano Node 1.35.3, which should be the Vasil hardfork combinator event version if all goes according to plan, was released today (Aug 11). https://github.com/input-output-hk/cardano-node/releases/tag/1.35.3
  27. There are some people debating whether the Ethereum Merge will result in tax liability. One of the items discussed is whether ETH holders will essentially be receiving a new coin if proof-of-work miners keep the old chain (and the old PoW ETH coins) alive. https://twitter.com/LucidCiC/status/1557710488955301889
  28. Lots of people took a quote from Vitalik about centralization of Ethereum out of context today (Aug 11). He was actually talking about the importance of sharding. https://youtu.be/kGjFTzRTH3Q?t=2167 https://twitter.com/NerdNationUnbox/status/1557260572621766660
  29. Wow! The Netherlands arrested the developer of Tornado Cash on Friday (Aug 12). The stakes just got a little higher in crypto. I suspect a lot of crypto platform developers will feel a little less easy about relying on their open source/decentralized credentials as a shield against government action. https://www.fiod.nl/arrest-of-suspected-developer-of-tornado-cash/
  30. An interesting point has been made that validating blocks in ETH 2.0 that contain Tornado Cash or other sanctioned transactions would be a violation of the sanctions while not validating those blocks can also lead to financial penalties (“inactivity leaking”) in ETH 2.0. The fear is that this could lead to protocol-level censorship to accommodate sanctions. https://twitter.com/lex_node/status/1558521705244594181
  31. Virtua has released a new episode of their podcast with some hints as to what they are building and some interesting discussion around building a virtual world that will operate across different technologies (browser, PC, mobile, etc). https://www.youtube.com/watch?v=2BSl7no82nM
  32. The last two episodes of CopiCafe (the Cornucopias podcast episodes 18 & 19) have revealed some interesting details including screen shots of the mobile game, that the fourth zone of Cornucopias will be inspired by the Canary Islands, the Custom Dome sale may happen in the next two weeks if they can beat the Vasil hardfork, development of land staking is in its final stages, & a custom dome video will be coming next week. https://www.youtube.com/watch?v=wvGAGNv86Y0 https://www.youtube.com/watch?v=HnUlXU_tRZY
  33. Cornucopias has released the pricing on their custom domes in discord. https://discord.com/channels/829374949587419137/842583414439542805
  34. The Robbery Forest strikes again. This time it’s reported to be 1.2 billion printed in AUSD. https://twitter.com/WatcherGuru/status/1558735108672065538 https://twitter.com/AcalaNetwork/status/1558785360670298112
  35. IOG Researchers are at Crypto 2022 in Santa Barbara to present the “Ofelimos” Proof of Useful Work (PoUW) paper. https://twitter.com/InputOutputHK/status/1559170170307985409
  36. The Cardano Island Land Claim Event is going down next week! https://twitter.com/VirtuaMetaverse/status/1559261587298467841
  37. Orbis has released the whitepaper for their L2 ZK-Rollup Protocol. https://papers.orbisprotocol.com/whitepaper.pdf https://twitter.com/orbisproject/status/1559178331433512960
  38. WingRiders held a community vote on issues related to the Nomad Exploit Incident. https://twitter.com/wingriderscom/status/1559177924699471873
  39. Here’s a great thread from Maladex on why total value locked (“TVL”) makes no sense at all as a metric in crypto. https://twitter.com/CardanoMaladex/status/1559552276234215424
  40. Ethereum is having a crisis of conscience over the inevitable censorship & loss of permissionlessness that will come out of the Tornado Cash sanctions. https://twitter.com/sassal0x/status/1559357892645437440 https://twitter.com/econoar/status/1559271411658526720 https://twitter.com/freeslave06/status/1559350621714653192
  41. The censorship is already there as a practical matter as shown in this interesting thread on more centralization trouble in the world of Ethereum staking/block validation. https://twitter.com/varun_mathur/status/1558905077523484672
  42. CZ very convincingly makes the case that the large corporate institutions are already here in crypto. https://twitter.com/cz_binance/status/1559642866787426314
  43. The Pavia avatar merch drop for plot holders has finally arrived. https://merch.pavia.io/ https://twitter.com/Pavia_io/status/1559852416820027395
  44. Worried about quantum computing and crypto? There’s already movement in the space that can be incorporated into Cardano. https://twitter.com/JohnAlanWoods/status/1559847847264141313
  45. There is so much political strife in ETH over the censorship issue that the different sides are literally adopting flags at this point. This is how civil wars start. Poloniex is now even hinting at supporting both the proof-of-stake ETH and the proof-of-work ETH Forks. https://twitter.com/ercwl/status/1559284150749765641 https://twitter.com/Poloniex/status/1555085757450272768
  46. We now have more information on the first Virtua metaverse game and a naming contest. https://twitter.com/VirtuaMetaverse/status/1559940305310420992
  47. Cardano metaverses seem to be doing just fine compared to what Meta put out just two days ago (Aug 15). https://www.forbes.com/sites/paultassi/2022/08/17/does-mark-zuckerberg-not-understand-how-bad-his-metaverse-looks/ https://twitter.com/day25/status/1559842465477435399
  48. Pavia is contemplating additional use cases for the Pavia avatar merch like making the pieces keys to access special OG areas and etc. https://twitter.com/Pavia_io/status/1560186546988400640
  49. The Cardano community loves watching the “Bankfull” Podcast boys get dunked on these days. After all their Cardano comments…it’s live by the sword, die by the sword. https://twitter.com/_Checkmatey_/status/1560013273545719810 https://twitter.com/AllenWu29331265/status/1560064947711000576
  50. Here’s some very interesting discussion on Hydra vs. ZK-Rollups in Cardano. https://twitter.com/_KtorZ_/status/1560008315597365252
  51. Lots of talk about the potential censorship problems in the ETH All Core Devs call today. Just a reminder that Cardano currently doesn’t have these problems since different architecture (e.g. No Flashbots-esque MEV-centric middleware). https://youtu.be/jJaCaS0WbIw
  52. LiqwidDAO wants to form a Nonprofit Association in Switzerland to be situated in a jurisdiction with some regulatory clarity. https://discord.com/channels/759807412688388136/981259898551664650
  53. Virtua has released some images of the condo towers. https://twitter.com/VirtuaMetaverse/status/1560353042997940225
  54. C’mon Canada! Selective caps on crypto transactions now?!? https://twitter.com/mochains/status/1559971309597122560
  55. Cornucopias Custom Dome information is here along with game play footage. https://drive.google.com/file/d/1S3m_04-6hGmBPmeP74sZzbIFJIIPeoTC/preview https://twitter.com/RobGreig3/status/1560984962995818499
  56. Charles addressed the dialogue around 1.35.3 on Friday (8.19) and it looks like everything has been resolved by August 20.The path for all SPOs to upgrade to 1.35.3 looks clear. https://twitter.com/IOHK_Charles/status/1560666160861184001 https://www.youtube.com/watch?v=K85M3c4VfBQ https://twitter.com/IOHK_Charles/status/1561077286807318529
  57. Apparently, MuesliLending will be a thing. https://twitter.com/MuesliSwapTeam/status/1560672945210503169
  58. Coinbase has done a great job of summing up the regulatory progress in crypto in a single chart. https://twitter.com/brian_armstrong/status/1561455357448183808
  59. Ready Player Me who Cardano knows as the avatar provider to metaverse projects like Reach and Pavia just got a $56 million Series B from a16z. https://twitter.com/readyplayerme/status/1562032070251032576
  60. Nick Szabo made a very important prediction about Ethereum half a decade ago that seems to be coming true (in a bad way). Luckily, Cardano is suffering the same fate. https://twitter.com/phyrooo/status/1562118994353700864
  61. Virtua gave us a little peek at what looks like the actual location of the towers on Cardano Island. https://twitter.com/VirtuaMetaverse/status/1562145145901891588
  62. Cornucopias has dropped their custom dome video. https://www.youtube.com/watch?v=aL_4dTFKyJk
  63. The 1.35.3 adoption continues to climb today (Aug.24). https://pooltool.io/networkhealth
  64. Vasil Progress today is showing 40% of blocks in Epoch 359 and 54% of Nodes reporting version 1.35.3. https://pooltool.io/networkhealth
  65. Apparently Tether want’s the world to know they haven’t frozen any TornadoCash related addresses. But, they’ll be happy to comply as soon as they are told to do it. https://tether.to/en/tether-holds-firm-on-decision-not-to-freeze-tornado-cash-addresses-awaits-law-enforcement-instruction/ https://twitter.com/Tether_to/status/1562468486886346753
  66. It looks like MuesliSwap is now in Private Beta Mainnet for its Hybrid Dex. Vasil era dApps are starting to feel very close. https://twitter.com/MuesliSwapTeam/status/1562425751005442051
  67. Coinbase is now getting in on the staking derivatives party. I wonder how much of the total delegation of ETH will end up centralized in this way. https://twitter.com/CoinbaseAssets/status/1562476695357358080
  68. Congressman Emmer is formally asking Janet Yellen how OFAC can sanction something that’s not a person or an entity but just code. https://twitter.com/RepTomEmmer/status/1562084891247902721
  69. It looks like you can now add data to your ADA Handle. https://twitter.com/adahandle/status/1562832083289968640
  70. IOG has released a really nice video on the Mongolia trip. https://www.youtube.com/watch?v=-FmWy1MjuN4
  71. IOG has released a Vasil rollout status thread. https://twitter.com/InputOutputHK/status/1562865831708528645
  72. Carda Station will be releasing a bunch of new features on August 30th including ReadyPlayerMe indoor avatars. https://twitter.com/InputOutputHK/status/1562865831708528645
  73. Cardano is the top ranking cryptocurrency ecosystem in terms of “brand intimacy”…whatever that is. https://mblm.com/lab/brandintimacy-study/industries/crypto/
  74. It looks like the Tornado Cash developer arrested by Dutch authorities used to work for a firm that supported the FSB. https://fortune.com/2022/08/25/tornado-cash-developer-russian-fsb-linked-compan
  75. Hi! Welcome to JP’s house of S&M. My name is Jerome Powell and I’m going to cause you “some pain.” https://www.youtube.com/watch?v=zJ3sEeArWlw https://www.cnbc.com/2022/08/26/powell-warns-of-some-pain-ahead-as-fed-fights-to-lower-inflation.html
  76. It looks like we made it to 79% of SPOs upgraded to 1.35.3 today (Aug 28). https://pooltool.io/networkhealth
  77. Cardano is among the cryptocurrencies that will be serviced by the new venture between Mastercard and Binance. https://twitter.com/cz_binance/status/1563713718902558720
  78. Cointelegraph published an article on crypto as an inflation hedge by Maladex founder Jarek Hirniak. https://twitter.com/CardanoMaladex/status/1563970082362892288
  79. There are disturbing allegations around a law firm & a certain Cardano competitor chain. https://twitter.com/cz_binance/status/1563993112451682307
  80. IOG will be launching a free self-paced Haskell Bootcamp course in September. https://twitter.com/InputOutputHK/status/1563239111120781315
  81. Here is a detailed rundown of the Vasil upgrade status of stakepools, exchanges, dApps, and downstream components. https://iohk.zendesk.com/hc/en-us/articles/7981157534105-Third-party-readiness-for-Vasil-upgrade
  82. Apparently, even ZK-Rollups on Ethereum are more expensive than Cardano’s base layer. https://l2fees.info/blog/rollup-calldata-compression https://twitter.com/dmihal/status/1564261243329937413
  83. Check out this map showing World Mobile airnodes in Zanzibar. https://wmtscan.com/
  84. IOG has donated $4.5 million for a new Blockchain Research Hub at Stanford University. https://www.coindesk.com/business/2022/08/29/cardano-builder-iog-funds-45m-blockchain-research-hub-at-stanford-university/
  85. IOG has open sourced Mithril. https://twitter.com/InputOutputHK/status/1564278732050817029 https://github.com/input-output-hk/mithril
  86. There is a lot of metaverse attention these days. Blackpink won a “Best Metaverse Performance” award at the VMAs while Eminem and Snoop actually performed as PFPs in a metaverse-like setting. https://twitter.com/MTVNEWS/status/1564031771821457409 https://twitter.com/MTVNEWS/status/1564078580602208256
  87. It looks like Charles has invested in Pezesha, a Kenyan lending platform. https://twitter.com/hildamoraa/status/1564564886331559936
  88. Tell me that Ethereum already knows it’s staking system is terrible without telling me it already knows. https://twitter.com/StakeWithPride/status/1564583964429279233
  89. A Solana DeFi platform accidentally “closed” its application and now “it’s not recoverable”. https://twitter.com/OptifiLabs/status/1564367455220219904
  90. ADA Realm is showing us more of their avatars. https://twitter.com/AdaRealm/status/1564676410945552392
  91. Even the FBI is talking about the Robbery Forest now. https://twitter.com/FBI/status/1564337233217273857
  92. Future Fest has fleshed out some more of its ideas around human gig work in the metaverse. https://twitter.com/futurefestxr/status/1564702490964025345
  93. Daily volume on OpenSea has dropped 99% in 90 days! https://cointelegraph.com/news/looks-bare-opensea-turns-into-nft-ghost-town-after-volume-plunges-99-in-90-days
  94. Here’s the latest Vasil upgrade status report from IOG. https://twitter.com/InputOutputHK/status/1565028360136400896
  95. ReadyPlayerMe indoor avatars along with multi-player racing are now live in Carda Station. https://twitter.com/Carda_station/status/1564815029052100608
  96. AADA is apparently launching its borrowing and lending platform on September 13. https://twitter.com/AadaFinance/status/1564877533199351811 https://twitter.com/mandriuska/status/1564890212148420608
  97. Sorry crypto! It turns out code is not law. https://www.theverge.com/2022/8/31/23330458/crypto-dot-com-typo-mistake-refund-audit https://twitter.com/Andrea_Tosato/status/1564782498093080576

~Army of Spies