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mostlysignssomeportents · 11 months ago

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The largest campaign finance violation in US history

I'm coming to DEFCON! On Aug 9, I'm emceeing the EFF POKER TOURNAMENT (noon at the Horseshoe Poker Room), and appearing on the BRICKED AND ABANDONED panel (5PM, LVCC - L1 - HW1–11–01). On Aug 10, I'm giving a keynote called "DISENSHITTIFY OR DIE! How hackers can seize the means of computation and build a new, good internet that is hardened against our asshole bosses' insatiable horniness for enshittification" (noon, LVCC - L1 - HW1–11–01).

Earlier this month, some of the richest men in Silicon Valley, led by Marc Andreesen and Ben Horowitz (the billionaire VCs behind Andreesen-Horowitz) announced that they would be backing Trump with endorsements and millions of dollars:

https://www.forbes.com/sites/dereksaul/2024/07/16/trump-lands-more-big-tech-backers-billionaire-venture-capitalist-andreessen-joins-wave-supporting-former-president/

Predictably, this drew a lot of ire, which Andreesen tried to diffuse by insisting that his support "doesn’t have anything to do with the big issues that people care about":

https://www.theverge.com/2024/7/24/24204706/marc-andreessen-ben-horowitz-a16z-trump-donations

In other words, the billionaires backing Trump weren't doing so because they supported the racism, the national abortion ban, the attacks on core human rights, etc. Those were merely tradeoffs that they were willing to make to get the parts of the Trump program they do support: more tax-cuts for the ultra-rich, and, of course, free rein to defraud normies with cryptocurrency Ponzi schemes.

Crypto isn't "money" – it is far too volatile to be a store of value, a unit of account, or a medium of exchange. You'd have to be nuts to get a crypto mortgage when all it takes is Elon Musk tweeting a couple emoji to make your monthly mortgage payment double.

A thing becomes moneylike when it can be used to pay off a bill for something you either must pay for, or strongly desire to pay for. The US dollar's moneylike property comes from the fact that hundreds of millions of people need dollars to pay off the IRS and their state tax bills, which means that they will trade labor and goods for dollars. Even people who don't pay US taxes will accept dollars, because they know they can use them to buy things from people who do have a nondiscretionary bill that can only be paid in dollars.

Dollars are also valuable because there are many important commodities that can only – or primarily – be purchased with them, like much of the world's oil supply. The fact that anyone who wants to buy oil has a strong need for dollars makes dollars valuable, because they will sell labor and goods to get dollars, not because they need dollars, but because they need oil.

There's almost nothing that can only be purchased with crypto. You can procure illegal goods and services in the mistaken belief that this transaction will be durably anonymous, and you can pay off ransomware creeps who have hijacked your personal files or all of your business's data:

https://locusmag.com/2022/09/cory-doctorow-moneylike/

Web3 was sold as a way to make the web more "decentralized," but it's best understood as an effort to make it impossible to use the web without paying crypto every time you click your mouse. If people need crypto to use the internet, then crypto whales will finally have a source of durable liquidity for the tokens they've hoarded:

https://pluralistic.net/2022/09/16/nondiscretionary-liabilities/#quatloos

The Web3 bubble was almost entirely down to the vast hype machine mobilized by Andreesen-Horowitz, who bet billions of dollars on the idea and almost single-handedly created the illusion of demand for crypto. For example, they arranged a $100m bribe to Kickstarter shareholders in exchange for Kickstarter pretending to integrate "blockchain" into its crowdfunding platform:

https://finance.yahoo.com/news/untold-story-kickstarter-crypto-hail-120000205.html

Kickstarter never ended up using the blockchain technology, because it was useless. Their shareholders just pocketed the $100m while the company weathered the waves of scorn from savvy tech users who understood that this was all a shuck.

Look hard enough at any crypto "success" and you'll discover a comparable scam. Remember NFTs, and the eye-popping sums that seemingly "everyone" was willing to pay for ugly JPEGs? That whole market was shot through with "wash-trading" – where you sell your asset to yourself and pretend that it was bought by a third party. It's a cheap – and illegal – way to convince people that something worthless is actually very valuable:

https://mailchi.mp/brianlivingston.com/034-2#free1

Even the books about crypto are scams. Chris Dixon's "bestseller" about the power of crypto, Read Write Own, got on the bestseller list through the publishing equivalent of wash-trading, where VCs with large investments in crypto bought up thousands of copies and shoved them on indifferent employees or just warehoused them:

https://pluralistic.net/2024/02/15/your-new-first-name/#that-dagger-tho

The fact that crypto trades were mostly the same bunch of grifters buying shitcoins from each other, while spending big on Superbowl ads, bribes to Kickstarter shareholders, and bulk-buys of mediocre business-books was bound to come out someday. In the meantime, though, the system worked: it convinced normies to gamble their life's savings on crypto, which they promptly lost (if you can't spot the sucker at the table, you're the sucker).

There's a name for this: it's called a "bezzle." John Kenneth Galbraith defined a "bezzle" as "the magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it." All bezzles collapse eventually, but until they do, everyone feels better off. You think you're rich because you just bought a bunch of shitcoins after Matt Damon told you that "fortune favors the brave." Damon feels rich because he got a ton of cash to rope you into the con. Crypto.com feels rich because you took a bunch of your perfectly cromulent "fiat money" that can be used to buy anything and traded it in for shitcoins that can be used to buy nothing:

https://theintercept.com/2022/10/26/matt-damon-crypto-commercial/

Andreesen-Horowitz were masters of the bezzle. For them, the Web3 bet on an internet that you'd have to buy their shitcoins to use was always Plan B. Plan A was much more straightforward: they would back crypto companies and take part of their equity in huge quantities of shitcoins that they could sell to "unqualified investors" (normies) in an "initial coin offering." Normally, this would be illegal: a company can't offer stock to the general public until it's been through an SEC vetting process and "gone public" through an IPO. But (Andreesen-Horowitz argued) their companies' "initial coin offerings" existed in an unregulated grey zone where they could be traded for the life's savings of mom-and-pop investors who thought crypto was real because they heard that Kickstarter had adopted it, and there was a bestselling book about it, and Larry David and Matt Damon and Spike Lee told them it was the next big thing.

Crypto isn't so much a financial innovation as it is a financial obfuscation. "Fintech" is just a cynical synonym for "unregulated bank." Cryptocurrency enjoys a "byzantine premium" – that is, it's so larded with baffling technical nonsense that no one understands how it works, and they assume that anything they don't understand is probably incredibly sophisticated and great ("a pile of shit this big must have pony under it somewhere"):

https://pluralistic.net/2022/03/13/the-byzantine-premium/

There are two threats to the crypto bezzle: the first is that normies will wise up to the scam, and the second is that the government will put a stop to it. These are correlated risks: if the government treats crypto as a security (or worse, a scam), that will put severe limits on how shitcoins can be marketed to normies, which will staunch the influx of real money, so the sole liquidity will come from ransomware payments and transactions with tragically overconfident hitmen and drug dealers who think the blockchain is anonymous.

To keep the bezzle going, crypto scammers have spent the past two election cycles flooding both parties with cash. In the 2022 midterms, crypto money bankrolled primary challenges to Democrats by absolute cranks, like the "effective altruist" Carrick Flynn ("effective altruism" is a crypto-affiliated cult closely associated with the infamous scam-artist Sam Bankman-Fried). Sam Bankman-Fried's super PAC, "Protect Our Future," spent $10m on attack-ads against Flynn's primary opponent, the incumbent Andrea Salinas. Salinas trounced Flynn – who was an objectively very bad candidate who stood no chance of winning the general election – but only at the expense of most of the funds she raised from her grassroots, small-dollar donors.

Fighting off SBF's joke candidate meant that Salinas went into the general election with nearly empty coffers, and she barely squeaked out a win against a GOP nightmare candidate Mike Erickson – a millionaire Oxy trafficker, drunk driver, and philanderer who tricked his then-girlfriend by driving her to a fake abortion clinic and telling her that it was a real one:

https://pluralistic.net/2022/10/14/competitors-critics-customers/#billionaire-dilletantes

SBF is in prison, but there's no shortage of crypto millions for this election cycle. According to Molly White's "Follow the Crypto" tracker, crypto-affiliated PACs have raised $185m to influence the 2024 election – more than the entire energy sector:

https://www.followthecrypto.org/

As with everything "crypto," the cryptocurrency election corruption slushfund is a bezzle. The "Stand With Crypto PAC" claims to have the backing of 1.3 million "crypto advocates," and Reuters claims they have 440,000 backers. But 99% of the money claimed by Stand With Crypto was actually donated to "Fairshake" – a different PAC – and 90% of Fairshake's money comes from a handful of corporate donors:

https://www.citationneeded.news/issue-62/

Stand With Crypto – minus the Fairshake money it falsely claimed – has raised $13,690 since April. That money came from just seven donors, four of whom are employed by Coinbase, for whom Stand With Crypto is a stalking horse. Stand With Crypto has an affiliated group (also called "Stand With Crypto" because that is an extremely normal and forthright way to run a nonprofit!), which has raised millions – $1.49m. Of that $1.49m, 90% came from just four donors: three cryptocurrency companies, and the CEO of Coinbase.

There are plenty of crypto dollars for politicians to fight over, but there are virtually no crypto voters. 69-75% of Americans "view crypto negatively or distrust it":

https://www.pewresearch.org/short-reads/2023/04/10/majority-of-americans-arent-confident-in-the-safety-and-reliability-of-cryptocurrency/

When Trump keynotes the Bitcoin 2024 conference and promises to use public funds to buy $1b worth of cryptocoins, he isn't wooing voters, he's wooing dollars:

https://www.wired.com/story/donald-trump-strategic-bitcoin-stockpile-bitcoin-2024/

Wooing dollars, not crypto. Politicians aren't raising funds in crypto, because you can't buy ads or pay campaign staff with shitcoins. Remember: unless Andreesen-Horowitz manages to install Web3 crypto tollbooths all over the internet, the industries that accept crypto are ransomware, and technologically overconfident hit-men and drug-dealers. To win elections, you need dollars, which crypto hustlers get by convincing normies to give them real money in exchange for shitcoins, and they are only funding politicians who will make it easier to do that.

As a political matter, "crypto" is a shorthand for "allowing scammers to steal from working people," which makes it a very Republican issue. As Hamilton Nolan writes, "If the Republicans want to position themselves as the Party of Crypto, let them. It is similar to how they position themselves as The Party of Racism and the Party of Religious Zealots and the Party of Telling Lies about Election Fraud. These things actually reflect poorly on them, the Republicans":

https://www.hamiltonnolan.com/p/crypto-as-a-political-characteristic

But the Democrats – who are riding high on the news that Kamala Harris will be their candidate this fall – have decided that they want some of that crypto money, too. Even as crypto-skeptical Dems like Jamaal Bowman, Cori Bush, Sherrod Brown and Jon Tester see millions from crypto PACs flooding in to support their primary challengers and GOP opponents, a group of Dem politicians are promising to give the crypto industry whatever it wants, if they will only bribe Democratic candidates as well:

https://subscriber.politicopro.com/f/?id=00000190-f475-d94b-a79f-fc77c9400000

Kamala Harris – a genuinely popular candidate who has raised record-shattering sums from small-dollar donors representing millions of Americans – herself has called for a "reset" of the relationship between the crypto sector and the Dems:

https://archive.is/iYd1C

As Luke Goldstein writes in The American Prospect, sucking up to crypto scammers so they stop giving your opponents millions of dollars to run attack ads against you is a strategy with no end – you have to keep sucking up to the scam, otherwise the attack ads come out:

https://prospect.org/politics/2024-07-31-crypto-cash-affecting-democratic-races/

There's a whole menagerie of crypto billionaires behind this year's attempt to buy the American government – Andreesen and Horowitz, of course, but also the Winklevoss twins, and this guy, who says we're in the midst of a "civil war" and "anyone that votes against Trump can die in a fucking fire":

https://twitter.com/molly0xFFF/status/1813952816840597712/photo/1

But the real whale that's backstopping the crypto campaign spending is Coinbase, through its Fairshake crypto PAC. Coinbase has donated $45,500,000 to Fairshake, which is a lot:

https://www.coinbase.com/blog/how-to-get-regulatory-clarity-for-crypto

But $45.5m isn't merely a large campaign contribution: it appears that $25m of that is the largest the largest illegal campaign contribution by a federal contractor in history, "by far," a fact that was sleuthed out by Molly White:

https://www.citationneeded.news/coinbase-campaign-finance-violation/

At issue is the fact that Coinbase is bidding to be a US federal contractor: specifically, they want to manage the crypto wallets that US federal cops keep seizing from crime kingpins. Once Coinbase threw its hat into the federal contracting ring, it disqualified itself from donating to politicians or funding PACs:

Campaign finance law prohibits federal government contractors from making contributions, or promising to make contributions, to political entities including super PACs like Fairshake.

https://www.fec.gov/help-candidates-and-committees/federal-government-contractors/

Previous to this, the largest ever illegal campaign contribution by a federal contractor appears to be Marathon Petroleum Company's 2022 bribe to GOP House and Senate super PACs, a mere $1m, only 4% of Coinbase's bribe.

I'm with Nolan on this one. Let the GOP chase millions from billionaires everyone hates who expect them to promote a scam that everyone mistrusts. The Dems have finally found a candidate that people are excited about, and they're awash in money thanks to small amounts contributed by everyday Americans. As AOC put it:

They've got money, but we've got people. Dollar bills don't vote. People vote.

https://www.popsugar.com/news/alexandria-ocasio-cortez-dnc-headquarters-climate-speech-47986992

Support me this summer on the Clarion Write-A-Thon and help raise money for the Clarion Science Fiction and Fantasy Writers' Workshop!

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/07/31/greater-fools/#coinbased

#pluralistic #coinbase #crypto #cryptocurrency #elections #campaign finance #campaign finance violations #crimes #fraud #influence peddling #democrats #moneylike #bubbles #ponzi schemes #bezzles #molly white #hamilton nolan

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theambitiouswoman · 2 years ago

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Wealth Building: Money Topics You Should Learn About If You Want To Make More Money

Budgeting: This means keeping track of how much money you have and how you spend it. It helps you save money and plan for your needs.

Investing: This is like putting your money to work so it can grow over time. It's like planting seeds to grow a money tree.

Saving: Saving is when you put some money aside for later. It's like keeping some of your treats for another day.

Debt Management: This is about handling money you owe to others, like loans or credit cards. You want to pay it back without owing too much.

Credit Scores: Think of this like a report card for your money habits. It helps others decide if they can trust you with money.

Taxation: Taxes are like a fee you pay to the government. You need to understand how they work and how to pay them correctly.

Retirement Planning: This is making sure you have enough money to live comfortably when you're older and no longer working.

Estate Planning: This is like making a plan for your stuff and money after you're no longer here.

Insurance: It's like paying for protection. You give some money to an insurance company, and they help you if something bad happens.

Investment Options: These are different ways to make your money grow, like buying parts of companies or putting money in a savings account.

Financial Markets: These are places where people buy and sell things like stocks and bonds. It can affect your investments.

Risk Management: This is about being careful with your money and making smart choices to avoid losing it.

Passive Income: This is money you get without having to work for it, like rent from a property you own.

Entrepreneurship: It's like starting your own business. You create something and try to make money from it.

Behavioral Finance: This is about understanding how your feelings and thoughts can affect how you use money. You want to make good choices even when you feel worried or excited.

Financial Goals: These are like wishes for your money. You need a plan to make them come true.

Financial Tools and Apps: These are like helpers on your phone or computer that can make it easier to manage your money.

Real Estate: This is about buying and owning property, like a house or land, to make money.

Asset Protection: It's about keeping your money safe from problems or people who want to take it.

Philanthropy: This means giving money to help others, like donating to charities or causes you care about.

Compounding Interest: This is like a money snowball. When you save or invest your money, it can grow over time. As it grows, you earn even more money on the money you already earned.

Credit Cards: When you borrow money or use a credit card to buy things, you need to show you can pay it back on time. This helps you build a good reputation with money. The better your reputation, the easier it is to borrow more money when you need it.

Alternate Currencies: These are like different kinds of money that aren't like the coins and bills you're used to like Crypto. It's digital money that's not controlled by a government. Some people use it for online shopping, and others think of it as a way to invest, like buying special tokens for a game.

#money #finance #financial planning #investing #entrepreneur #wealth #success #make money online

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sexymemecoin · 1 year ago

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Sexy Meme Coin: Revolutionizing the World of Memes with Cryptocurrency

In the ever-evolving landscape of digital culture, memes have become a universal language, transcending borders and bringing people together through humor. Enter Sexy Meme Coin, a pioneering project that merges the vibrant world of memes with the transformative power of cryptocurrency. This innovative platform is set to redefine how we create, share, and monetize memes, offering a dynamic ecosystem for meme enthusiasts and crypto aficionados alike.

The Genesis of Sexy Meme Coin

Sexy Meme Coin was born out of a simple yet powerful idea: to create a platform where humor, community, and blockchain technology intersect. Recognizing the cultural significance of memes and the growing influence of cryptocurrency, the founders of Sexy Meme Coin embarked on a mission to build a decentralized platform that rewards creativity and fosters a strong sense of community.

Key Features of Sexy Meme Coin

Decentralized Meme Marketplace: At the heart of Sexy Meme Coin is its decentralized marketplace, where users can buy, sell, and trade memes as NFTs (Non-Fungible Tokens). This innovative approach ensures that meme creators are properly rewarded for their work, turning viral content into valuable digital assets.

Engaged Community: Sexy Meme Coin places a strong emphasis on community engagement. Users can participate in meme contests, vote on their favorite memes, and interact with fellow meme lovers. This active participation not only enhances the user experience but also strengthens the sense of community within the platform.

Rewarding Creativity: The platform’s unique reward system allows users to earn Sexy Meme tokens ($SEXXXY) through various activities. Whether it's creating popular memes, participating in community events, or staking tokens, users are incentivized to contribute to the ecosystem and are rewarded for their creativity and engagement.

Exclusive Content: Sexy Meme Coin offers access to exclusive content and special editions for token holders. This feature adds an extra layer of value for the community, providing unique experiences and premium content that can’t be found elsewhere.

Charitable Initiatives: Beyond creating a fun and engaging platform, Sexy Meme Coin is committed to making a positive impact. A portion of the platform’s profits is dedicated to charitable causes, demonstrating the project’s dedication to social responsibility and community support.

The Vision Behind Sexy Meme Coin

The founders of Sexy Meme Coin envision a world where humor and blockchain technology coexist, creating new opportunities for content creators and crypto enthusiasts. By leveraging the decentralized nature of blockchain, Sexy Meme Coin aims to democratize the meme economy, ensuring that creators receive fair compensation and recognition for their work.

“We believe that laughter and innovation can go hand in hand,” says Nick Damon, Founder and CEO of Sexy Meme Coin. “Our mission is to create a platform that not only entertains but also empowers users by rewarding their creativity and fostering a strong, supportive community. Sexy Meme Coin is here to change the way we think about memes and cryptocurrency.”

Join the Revolution

Sexy Meme Coin invites everyone—from meme enthusiasts to seasoned crypto investors—to join the platform and be part of this exciting journey. As the digital landscape continues to evolve, Sexy Meme Coin is poised to become a leading player in the intersection of humor and blockchain technology, offering a fresh, engaging, and rewarding experience for all.

For more information about Sexy Meme Coin and to join the community, visit https://sexymeme.io and follow their official social media channels.

#crypto #blockchain #sexy meme coin #meme coin #digitalcurrency #etherium #Solana #token #binance #etf #ethereum #bitcoin

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erc20tokengenerator · 11 months ago

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ERC20 Token Generator Introduction

Have you ever thought about creating your own cryptocurrency? With an ERC20 Token Generator , you can make it happen effortlessly. Let’s explore how to dive into the blockchain universe.

Understanding ERC20 Tokens

ERC20 tokens are a type of digital asset on the Ethereum blockchain, following a set standard for compatibility and functionality.

Advantages of ERC20 Tokens:

Consistency: Adheres to a universal protocol.

Broad Adoption: Recognized across various Ethereum-based platforms.

Robust Support: Strong community and resources available.

How to Use an ERC20 Token Generator

Creating tokens is simplified with these tools. Here’s how it works:

Specify Token Details:

Decide on a name and symbol.

Determine the total number of tokens.

Utilize the Generator:

Access an online generator.

Enter your token information.

Deploy Your Token:

Review your settings.

Launch on the Ethereum network.

Features of ERC20 Tokens

ERC20 tokens provide essential features that enhance their usability:

Standard Operations: Includes transferring and checking balances.

Smart Contract Compatibility: Integrates easily with smart contracts.

Security Assurance: Utilizes Ethereum's strong blockchain security.

Reasons to Create an ERC20 Token

Why create your own token? Here are some compelling reasons:

Raise Capital: Launch an ICO for funding.

Build Engagement: Offer rewards to your community.

Drive Innovation: Explore new blockchain applications.

Challenges to Consider

Despite the simplicity, some challenges exist:

Knowledge Requirement: Some blockchain understanding is needed.

Security Concerns: Vulnerabilities can be exploited if not addressed.

Regulatory Compliance: Ensuring adherence to legal standards is vital.

Best Practices for Token Creation

Follow these tips to ensure a successful token launch:

Code Audits: Regularly check for security issues.

Community Involvement: Seek feedback and make necessary adjustments.

Stay Updated: Keep abreast of blockchain trends and legal requirements.

Conclusion

The ERC20 Token Generator empowers you to create and innovate within the crypto space. Whether you're a developer or entrepreneur, it's a powerful tool for blockchain engagement.

Final Thoughts

Embarking on token creation offers a unique opportunity to explore the digital economy and its possibilities.

FAQs

1. What is the purpose of an ERC20 Token Generator?

It’s a tool to create custom tokens on the Ethereum blockchain easily.

2. Do I need technical skills to create a token?

A basic understanding of blockchain helps, but many tools are user-friendly.

3. Can I trade my ERC20 tokens?

Yes, you can trade them on crypto exchanges or directly with users.

4. What costs are involved in token creation?

Creating tokens incurs gas fees on the Ethereum network.

5. How can I ensure my token’s security?

Perform regular audits and follow best practices for security.

Source : https://www.altcoinator.com/

#erc20 #erc20 token development company #erc #erc20tokengenerator #token #token generator #token creation #ethereum #bitcoin

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cryptoking16 · 3 months ago

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Is Crypto a Scam or the Future? Unveiling the Truth Behind Digital Currency

Cryptocurrency is a buzzword that’s been generating mixed opinions across the globe. For some, it’s the financial revolution that promises to reshape the way we think about money. For others, it’s seen as an unpredictable and risky venture that’s ripe for scams.

So, is cryptocurrency a scam, or is it really the future? With the rise of Bitcoin, Ethereum, and newer, lesser-known tokens, it’s easy to get lost in the noise. Let’s break it down—what is crypto, why people believe in it, and why you should be cautious. Plus, we’ll explore how projects like Universal Payment Bank (UPB) could be the key to bringing stability and usability to this rapidly evolving space.

What is Cryptocurrency?

Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies such as the dollar or euro, cryptocurrencies aren’t issued by any central authority or government. Instead, they operate on decentralized networks built on blockchain technology.

Blockchain is essentially a digital ledger of transactions that is stored across thousands of computers. Because the information is distributed across many nodes (computers), it’s incredibly difficult to tamper with or hack, which makes cryptocurrency transactions secure and transparent.

Bitcoin, created in 2009 by the pseudonymous Satoshi Nakamoto, was the first cryptocurrency. Since then, thousands of cryptocurrencies have emerged, such as Ethereum, Litecoin, and Ripple, each offering something unique.

Why People Believe in Cryptocurrency

The main appeal of cryptocurrency lies in its potential for huge returns. Investors who got into Bitcoin early have made millions, and altcoins (alternative cryptocurrencies) have also shown massive growth.

But it's not just about the potential for profits. Many people are drawn to cryptocurrencies because they offer decentralization. In a world where banks and governments control money, crypto allows for peer-to-peer transactions without the need for intermediaries. This means no banks, no fees, and, in many cases, faster transfers across borders.

Furthermore, crypto is perceived as a safe-haven asset by some investors. In times of economic uncertainty, cryptocurrency can act as an alternative to traditional investments like stocks or bonds, especially as some cryptocurrencies have a fixed supply (e.g., Bitcoin). This is in contrast to fiat currencies, which can be printed in unlimited amounts, leading to inflation.

The Risks: Scams, Fraud, and Volatility

Despite its benefits, the cryptocurrency market is far from perfect. One of the most significant concerns is volatility. Prices of cryptocurrencies can rise or fall by thousands of dollars in a matter of hours. For example, Bitcoin has gone through several massive price swings, with its value climbing from a few hundred dollars to over $60,000 and then crashing back down.

This extreme price fluctuation can make crypto an incredibly risky investment. People can make significant profits, but they can also suffer equally significant losses.

Moreover, the cryptocurrency space is plagued by scams. Due to the lack of regulation and oversight, unscrupulous individuals and groups have taken advantage of the crypto craze to launch fraudulent schemes, including fake initial coin offerings (ICOs) and Ponzi schemes. Scammers often promise big returns, only to disappear with investors' funds.

Is Cryptocurrency a Scam?

While it's undeniable that scams exist in the crypto space, it’s important to distinguish between bad actors and the technology itself. Cryptocurrency as a concept is not inherently a scam. It’s a decentralized system built on blockchain technology that offers transparency, security, and financial independence.

The key to avoiding scams is education. Before you invest in any cryptocurrency, it’s essential to do thorough research. Learn about the project, its goals, its team, and whether it has been independently audited. Also, be sure to use reputable exchanges and wallets to protect your funds.

The Future of Crypto: What Lies Ahead?

Despite the risks, many believe cryptocurrency is here to stay. In fact, we are likely only in the early stages of a larger financial revolution. Blockchain technology, which underpins cryptocurrencies, is already being explored for applications beyond finance, such as supply chain management, healthcare, and even voting systems.

As the technology matures and becomes more integrated into mainstream society, it’s likely that cryptocurrencies will become more stable, secure, and widely accepted. Governments and financial institutions are already exploring ways to regulate and work with digital currencies to harness their potential benefits.

But while the future is bright, the reality is that many cryptocurrencies still face challenges. Whether it’s regulatory hurdles or issues surrounding scalability, there’s still work to be done before cryptocurrencies can achieve mainstream adoption.

How UPB (Universal Payment Bank) Fits Into the Crypto Landscape

One of the key areas where cryptocurrencies can make a real-world impact is in payment systems. Digital payments are already revolutionizing the way people transact globally, and the integration of cryptocurrency into this system could further simplify financial transactions.

Enter UPB (Universal Payment Bank). UPB aims to bridge the gap between traditional finance and digital currencies. Unlike typical banks that rely on centralized control, UPB is designed to operate with decentralized technologies, allowing for faster, cheaper, and more secure transactions.

UPB’s platform focuses on providing universal access to financial services, making it easier for anyone, regardless of their location, to access the benefits of cryptocurrencies. Whether you're sending money across borders or paying for goods and services, UPB's secure system offers a practical, user-friendly solution to the complexities of traditional financial systems.

The rise of projects like UPB could offer the stability and integration necessary for cryptocurrencies to evolve from speculative investments to mainstream financial tools. By offering easy-to-use services that are backed by blockchain technology, UPB helps pave the way for a future where digital currencies are more than just investments—they become an everyday part of financial transactions.

Final Thoughts: Scam or Future?

Is cryptocurrency a scam, or is it the future? The answer isn’t black and white. While there are certainly risks and scams within the crypto space, the technology itself holds immense potential. Cryptocurrencies are pushing the boundaries of what’s possible in terms of financial independence, privacy, and decentralized systems.

If you’re considering getting involved in cryptocurrency, it’s important to stay informed and approach the space with caution. Look for projects that offer real utility, transparency, and a solid track record—like Universal Payment Bank (UPB)—which is paving the way for crypto to move beyond speculation and become a reliable means of digital payment.

Ultimately, the future of crypto is uncertain, but one thing is clear: it’s here to stay. Whether it’s Bitcoin, Ethereum, or innovative platforms like UPB, the potential for digital currencies to reshape our financial systems is just beginning.

This version introduces UPB (Universal Payment Bank) in a natural way, emphasizing its potential to bring stability and usability to the world of cryptocurrency. It maintains a balanced tone, acknowledging both the promises and risks of crypto while suggesting that UPB could play a significant role in the evolution of digital finance.

#Cryptocurrency #FutureOfFinance #UPB #BlockchainRevolution #DigitalCurrency

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technicallylovingcomputer · 3 months ago

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The Role of NFTs & Blockchain in MMORPGs: A Fad or the Future?

I've been gaming since I was a kid, and I've watched MMORPGs evolve from text-based MUDs to today's sprawling 3D worlds. But lately, there's been a ton of buzz around blockchain and NFTs in MMORPG game development. Everyone seems to have strong opinions, so I wanted to take a moment to cut through the hype and think about what this might really mean for the games we love.

What's Actually Happening Here?

If you haven't been keeping up with crypto gaming news, here's the simple version: NFTs are unique digital tokens that prove ownership of digital items. In MMORPGs, this could mean your epic sword, your character skin, or even your virtual land actually belongs to you—not just the game company.

Several games are already testing these waters. Axie Infinity let players earn real money through gameplay. The Sandbox and Decentraland sell virtual land as NFTs. New titles like Guild of Guardians are trying to create more traditional MMO experiences with player-owned assets.

The Exciting Possibilities

When I think about blockchain in MMORPG game development, I get genuinely excited about a few things:

We might finally solve the ownership problem. How many times have you spent countless hours grinding for gear, only to lose it all when a game shuts down or bans your account? True ownership could change that forever.

Player economies could get way more interesting. EVE Online and Runescape already have fascinating economies, but imagine if the rarity of items was verifiably limited and players had real stakes in the game's success.

Crafters could become legends. In a blockchain MMORPG, a master blacksmith could literally sign their creations, building reputation across the game—or potentially even across multiple games.

The Real Challenges

But let's be honest—there are some serious hurdles that aren't going away soon:

Game balance becomes a nightmare. When items have real-world value, how do you prevent pay-to-win? How do you add new content without crashing the value of existing items? These aren't easy questions for MMORPG game development teams.

The tech isn't quite there yet. Most blockchains still struggle with transaction speed and fees. An active MMORPG needs to process thousands of actions per second—something current blockchain tech isn't built for.

Gamers are (rightfully) skeptical. Many of us have seen companies try to cash in on trends without adding real value to gameplay. The backlash against NFT announcements from major studios wasn't just internet drama—it reflects genuine concern about the future of our hobby.

Finding a Balance

I think the most promising path forward isn't about going all-in on blockchain or rejecting it entirely. It's about thoughtful integration that actually makes games better:

Make ownership optional. Why not have both traditional and blockchain servers? Let players choose what model works for them.

Focus on fun first. The most successful blockchain MMOs will be great games first, investment platforms second. If the game isn't fun without the earning potential, it won't last.

Be transparent about the economy. Players need to understand how items enter the game, what controls inflation, and how the developers make money. Without this transparency, trust breaks down quickly.

So... Fad or Future?

After diving into this topic, I don't think it's either-or. Some elements of blockchain will likely find their way into mainstream MMORPG game development over time, while the more speculative aspects might fade away.

What excites me most isn't NFTs themselves, but the conversations they're sparking about ownership, value, and community in virtual worlds. These are questions worth exploring whether or not a particular technology ends up being the answer.

For developers building new MMORPGs, my advice is simple: if blockchain elements enhance your game experience, consider them—but never at the expense of what makes MMORPGs special in the first place: community, adventure, and that magical sense of being part of something bigger than yourself.

What do you think? Are you excited about owning your virtual gear, or do you think this is just another tech bubble? I'd love to hear your thoughts in the comments!

#game #mobile game development #multiplayer games #metaverse #nft #blockchain #unity game development #vr games #gaming

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cryptoworldindia · 3 months ago

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Everything You Need to Know About UPB Token: The Future of Digital Transactions

The world of cryptocurrency is constantly evolving, with new tokens emerging to reshape the financial landscape. One such token making waves in the digital economy is UPB Token. Whether you're an investor, trader, or crypto enthusiast, understanding UPB Token can open up exciting opportunities. In this blog, we'll explore what UPB Token is, its features, use cases, and why it stands out in the competitive crypto market.

What is UPB Token?

UPB Token is a next-generation digital asset designed to facilitate fast, secure, and decentralized transactions. Built on a robust blockchain network, it offers users an efficient way to transfer value globally with low transaction fees and high scalability.

Key Features of UPB Token

✅ Decentralization: UPB Token operates on a decentralized blockchain, ensuring transparency and security without the need for intermediaries. ✅ Fast Transactions: The token is designed to process transactions within seconds, making it ideal for everyday use. ✅ Low Fees: Unlike traditional banking systems, UPB Token provides minimal transaction costs, allowing users to save money on transfers. ✅ Scalability: The network can handle a large number of transactions simultaneously, making it suitable for global adoption. ✅ Smart Contract Support: Developers can create decentralized applications (DApps) using UPB Token, enhancing its utility in the DeFi ecosystem.

Use Cases of UPB Token

1. Digital Payments

UPB Token can be used for online purchases, peer-to-peer transfers, and merchant payments, offering a seamless alternative to traditional payment systems.

2. Decentralized Finance (DeFi)

As part of the growing DeFi ecosystem, UPB Token enables staking, yield farming, and liquidity provision on various DeFi platforms.

3. NFT Marketplace

With the booming NFT industry, UPB Token can be used to buy, sell, and trade digital assets securely on NFT marketplaces.

4. Cross-Border Transactions

UPB Token eliminates the need for costly remittance services by allowing users to send and receive funds instantly across borders.

Why UPB Token Stands Out

Unlike many other tokens in the market, UPB Token is backed by a strong technological foundation, a growing community, and real-world applications. Its commitment to innovation and security makes it a promising digital asset for both investors and users.

Final Thoughts

As the cryptocurrency space continues to expand, UPB Token presents an exciting opportunity for those looking to invest in the future of digital finance. With its unique features, growing adoption, and strong use cases, it has the potential to become a major player in the blockchain ecosystem.

If you're interested in UPB Token, stay updated on its latest developments and explore how it can be integrated into your financial strategy!🚀 Join the UPB Token revolution today! 🚀

#crypto #breaking news #news #blockchain #cryptocurrency #cryptomarket #bitcoin #altcoin #cryp #cryptid

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coinblogs · 1 year ago

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The future of crypto: The delicate dance between innovation and regulation

The major crypto technologies we are now seeing touch on a range of areas affecting our everyday lives. Blockchain technology is allowing us to record and transport financial data far more securely, transparently and efficiently than before. This new way of financial recordkeeping is being used in areas ranging from supply chain management to healthcare.

Blockchain is the basis of many other crypto technologies such as smart contracts. They are making contractual obligations stronger and more automatized across industries. Similarly, tokenization is changing how we securely move and store sensitive data such as credit card numbers by using ‘tokens’ to represent data and information. We’re seeing these used even in the world of arts and collectibles where a new digital dimension of non-fungible tokens (NFTs) are certifying ownership and authenticity.

Decentralized financial systems are also changing how we are dealing with money. By using peer-to-peer lending and decentralized exchanges, these systems are breaking down barriers, particularly for marginalized groups including women.

But not far behind each of these advances are security risks and challenges. While decentralization might provide some advantages to marginalized groups, the gender gap remains an issue in the world of virtual assets and cryptocurrency. Indeed, women continue to be underrepresented in the crypto space. This disparity is evident not only in the number of female investors and developers but also in leadership roles within blockchain projects. The crypto industry has the potential to reshape traditional financial systems, and fostering gender diversity is crucial for ensuring a more equitable and innovative future. Efforts to close the gender gap in crypto involve initiatives to educate and empower women in blockchain technology, providing mentorship opportunities, and advocating for a more inclusive and diverse community.

And gender inequality isn’t the only challenge facing the world of crypto. The irreversible nature of most crypto transactions means hacking and exploiting vulnerabilities can have major, lasting consequences. And anonymity makes these technologies potential hotbeds for illegal activities by criminals and terrorists. Robust cybersecurity measures are crucial for addressing this.

But how?

Regulatory uncertainty is one of the foremost challenges in the crypto landscape. Authorities have to carefully consider a range of questions: How do you create a system that simultaneously protects innovation and people? Whose jurisdiction are these borderless technologies under? How do we standardize their regulation without overregulating? And many more.

If you look at the regulatory framework around Virtual Assets Service Providers, which are the bridges between crypto and government-issued currencies, regulation is helping to mitigate major risks such as money laundering, terrorism financing, and other illicit activities. Such a framework gives these digital entities clear legal boundaries that help safeguard the integrity of financial systems as well as adds an important layer of consumer protection for any transactions involving virtual assets.

Clear guidelines and oversight mechanisms help prevent fraud and ensure the security and integrity of digital transactions. This builds confidence in investors, businesses, and the public that these assets are subject to transparent and accountable practices, which, ultimately, helps to foster a healthy and sustainable digital asset ecosystem.

Here at the OSCE we are actively engaged in helping participating States forge solid regulatory frameworks that strike a delicate balance between oversight and fostering innovation. We advocate for regulations created in consultation with industry stakeholders and that set clear guidelines without imposing unnecessary restrictions.

We also recognize that regulations should be adaptable and not overwrought. The rapidly evolving nature of virtual assets will quickly outpace a framework that is too rigid, overregulated or static, which not only hinders progress but also creates new vulnerabilities.

Our project, ‘Innovative policy solutions to mitigate money laundering risks of virtual assets’, is a key driving force of our support to States. Along with raising awareness among public officials about crypto-related risks, we are also building law enforcement and supervisory bodies’ capacities in crypto-related investigations.

By working together using a careful and balanced approach, we can create an agile crypto regulation system that mitigates risks, protects consumers and fosters innovation. This is key to tapping into the world of possibilities crypto offers and paving the way for a brighter and better future for us all.

#crypto #blockchain #defi #altcoin #bitcoin #digitalcurrency

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gamergeofficial · 25 days ago

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Best Play-to-Earn Crypto Games 2025: Level Up Your Earnings While You Play

Introduction

Gaming isn’t just a pastime anymore, it’s a way to earn real money. In 2025, play-to-earn crypto games are changing lives. Players are collecting cryptocurrencies, trading NFTs, and joining thriving online communities, all while having fun. If you’re curious about the best play-to-earn crypto games 2025 has to offer, you’re in the right place.

What Are Play-to-Earn Crypto Games?

Play-to-earn (P2E) crypto games are digital games built on blockchain technology. Instead of just scoring points, you earn real crypto, tokens, or NFTs for your achievements. These rewards can often be traded or sold for actual money.

Unlike traditional games, your in-game items belong to you, not the developer. This means you can use, sell, or trade them however you like. The idea is simple: the more you play, the more you can potentially earn.

If you want to understand the basics, great guide on play to earn games.

Why Are Play-to-Earn Games So Popular in 2025?

There are a few big reasons. First, the crypto market is more mature and accessible than ever. More people have wallets, and blockchain games are easier to join. Second, the rewards are real. Players are earning tokens that can be swapped for dollars, euros, or other cryptocurrencies.

Finally, these games are social. Communities form around them, and players often help each other succeed. The best play-to-earn crypto games 2025 are more than games — they’re economies.

Top 7 Best Play-to-Earn Crypto Games 2025

Let’s look at the hottest games this year. Each one stands out for its gameplay, earning potential, and community.

1. The Sandbox

The Sandbox is a virtual world where you can build, own, and monetize your gaming experiences. You earn SAND tokens by creating assets, hosting games, or trading land. It’s creative, social, and perfect for builders.

2. Axie Infinity

Axie Infinity remains a favorite. Breed, battle, and trade cute creatures called Axies. Earn SLP and AXS tokens by winning battles and completing quests. The game’s economy is robust, and the community is huge.

3. Gods Unchained

If you love strategy, try Gods Unchained. This trading card game lets you earn GODS tokens and rare NFT cards by playing and winning matches. Cards can be sold on open markets for real value.

4. Decentraland

Decentraland is a 3D virtual world where you can buy land, create experiences, and join events. Earn MANA tokens by developing content or hosting activities. It’s a place where creativity meets opportunity.

5. Valhalla

Valhalla is a tactical RPG with NFT integration and chess-like battles. Players earn FLOKI tokens and collect tradable NFT items. The game is fun, strategic, and offers plenty of ways to earn.

6. Blast Royale

Blast Royale is a fast-paced battle game with NFT characters and equipment. Compete in quick matches and earn crypto rewards. It’s perfect for players who love action and want quick payouts.

7. RavenQuest

RavenQuest is an MMORPG where you own land, complete quests, and trade resources. The in-game economy is decentralized, and players can earn real crypto by participating in the world.

For more game ideas, check out the list of trending blockchain games.

How to Start Earning with Play-to-Earn Crypto Games?

Getting started is easier than you might think. Here’s a quick roadmap:

Choose a Game: Pick one that fits your interests and budget. Some games are free to start, while others may require a small investment.

Set Up a Wallet: Most games need a crypto wallet like MetaMask. This is where you’ll store your tokens and NFTs.

Learn the Rules: Each game has its own economy and rules. Take time to understand how you can earn and what the best strategies are.

Join the Community: Most games have Discord or Telegram groups. Here, you’ll find tips, updates, and other players to team up with.

Play and Earn: Dive in, complete quests, win battles, and start collecting rewards.

Trends to Watch in 2025

Mobile Gaming: More P2E games are launching mobile versions, making it easier to play anywhere.

NFT Integration: In-game items as NFTs are now standard, giving players more control and value.

Cross-Chain Gaming: Games are supporting multiple blockchains, so you can use your assets in different games.

Community Governance: Players are voting on updates and helping shape the future of their favorite games.

For more on trends, the latest in blockchain gaming.

Frequently Asked Questions

1. Are play-to-earn games free? Ans: Some are, but many require an initial investment or NFT purchase. Always check before you start.

2. How do I cash out my rewards? Ans: Transfer your tokens or NFTs to your wallet, then sell them on supported exchanges or marketplaces.

3. Is it risky? Ans: Like any investment, there are risks. Only play with what you can afford to lose, and stick to reputable games.

Conclusion

The best play-to-earn crypto games 2025 are more than just entertainment — they’re a way to earn, connect, and be part of a new digital economy. Whether you’re a casual player or a crypto enthusiast, there’s never been a better time to jump in. Explore, play, and start earning today!

#playtoearn #cryptogaming #nftgames #blockchaingames #earnwhileyouplay

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kikothecategld · 5 months ago

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KikoTheCat: The Upcoming Memecoin Revolution on MultiversX

In the ever-evolving world of cryptocurrency, there’s always room for innovation, fun, and community. From the rise of Dogecoin as the pioneer of memecoins to the global explosion of Shiba Inu, it’s clear that people love projects that bring personality and passion to the blockchain. But there’s one glaring omission in the current memecoin landscape: a cat-themed coin that truly represents the internet’s favorite animal.

That’s where KikoTheCat comes in. As the first significant cat-themed memecoin on MultiversX, KikoTheCat aims to fill this gap and capture the hearts of crypto enthusiasts and cat lovers alike.

Who Are We?

We’re a team of three dedicated crypto enthusiasts who have been active participants in the MultiversX ecosystem for over three years. Our journey within this space has been transformative, as we’ve witnessed the unmatched potential of MultiversX as a blockchain.

After years of experience and a deep understanding of the crypto space, we decided to take the leap and create something fun, innovative, and impactful. Following long discussions and brainstorming sessions, we realized there was one glaring opportunity waiting to be seized: a cat-themed memecoin.

The result? KikoTheCat, a coin designed to bring joy to the community, harness the power of memes, and provide a meaningful use case for one of the most scalable blockchains in the world.

Why a Cat-Themed Meme Coin?

Memecoins are more than just tokens; they are movements powered by communities. And when you think of the internet, cats are everywhere — from viral videos to beloved memes. Cats have dominated social media for years, but they’ve been underrepresented in the crypto world.

That’s not fair to the millions of cat lovers out there. Dogs have had their moment in the spotlight, but now it’s time for the internet’s true rulers to step up: the cats. KikoTheCat is here to give cats the recognition they deserve in the memecoin world.

Why MultiversX?

When building KikoTheCat, the choice of blockchain was crucial. We wanted a platform that was secure, scalable, and future-proof. That’s why we chose MultiversX (formerly Elrond) as the home for our project. Here are the reasons why MultiversX is the perfect fit:

1. Unparalleled Scalability

MultiversX’s Adaptive State Sharding Technology can handle up to 15,000 transactions per second. This makes it one of the fastest and most efficient blockchains in the world, ensuring smooth and low-cost transactions for KikoTheCat holders.

2. Top-Tier Security

MultiversX is built on a highly secure infrastructure, making it a trusted choice for projects that prioritize safety and reliability. KikoTheCat’s community can rest assured knowing their investments are protected.

3. Eco-Friendly Blockchain

As concerns about crypto’s energy consumption grow, MultiversX has positioned itself as an energy-efficient blockchain. This aligns with our vision of sustainability and responsibility.

4. Vibrant Ecosystem

The MultiversX ecosystem is thriving, with innovative projects and a strong developer community. With tools like the xPortal wallet (formerly Maiar), it’s easier than ever to onboard new users and make crypto accessible to all.

5. Global Recognition and Growth

MultiversX is rapidly gaining recognition as one of the top Layer 1 blockchains. By building KikoTheCat on this platform, we’re contributing to its growth while leveraging its technology and reputation.

Our Vision and Goals

At KikoTheCat, we have a clear mission: to become one of the top memecoins in the world while supporting the growth of the MultiversX ecosystem. Here’s how we plan to achieve it:

1. Building a Strong Community

Community is the backbone of any memecoin. We’ll focus on creating a welcoming space for cat lovers, crypto enthusiasts, and everyone in between. Through social media campaigns, giveaways, and fun challenges, we’ll foster a vibrant and engaged community.

2. Transparent Tokenomics

Trust is earned through transparency. Our tokenomics are designed to be fair, with clear allocations and no hidden agendas. We believe in empowering our community by keeping everything open and above board.

3. Bringing Exposure to MultiversX

KikoTheCat isn’t just about our project. It’s about helping the MultiversX ecosystem grow by increasing trading volume and bringing more users to the blockchain.

4. Creating a Global Brand

With the power of memes and the appeal of cats, we’ll build KikoTheCat into a globally recognized brand. From merchandise to partnerships, the possibilities are endless.

Tokenomics: The Foundation of KikoTheCat

KikoTheCat’s tokenomics are designed to ensure sustainability, fairness, and growth. Here’s the breakdown:

Allocation

Percentage

Tokens (out of 7,000,000,000,000)

Team

10%

700,000,000,000

Marketing

10%

700,000,000,000

Private Sale

45%

3,150,000,000,000

Liquidity Listing

35%

2,450,000,000,000

Key Details:

Private Sale Revenue: We aim to raise 50 EGLD through the private sale, all of which will be added to the liquidity pool.

Listing Price: The listing price will be 50% higher than the private sale price to incentivize early participation.

Vesting and Unlocks

Team Tokens: Locked for 10 months, with 10% unlocking each month after the lock-up period.

Marketing Tokens: Available immediately after listing to support airdrops, social media campaigns, and partnerships.

The Roadmap

We have a clear plan to take KikoTheCat to the top:

Phase 1:

Launch social media campaigns.

Build a strong community.

Begin the private sale.

Phase 2:

Token listing and liquidity pool setup.

Execute marketing campaigns.

Collaborate with MultiversX ecosystem projects.

Phase 3:

Introduce new utilities and partnerships.

Expand global recognition through influencers and media.

Conclusion: Join Us on This Journey!

KikoTheCat is more than just a memecoin. It’s a community-driven project built on one of the best blockchain platforms in the world. Whether you’re a cat lover, a crypto enthusiast, or someone who believes in the potential of MultiversX, we invite you to join us on this exciting journey.

Our vision is clear: to bring KikoTheCat to the forefront of the global memecoin movement while shining a spotlight on the incredible capabilities of MultiversX. With a strong community, transparent tokenomics, and a team dedicated to innovation and growth, we’re confident that KikoTheCat will become a force to be reckoned with in the crypto space.

The future is bright, and KikoTheCat is ready to lead the way. Together, we can create something truly extraordinary — a project that not only brings joy and excitement to the crypto world but also helps pave the way for the broader adoption of MultiversX.

So, whether you’re a seasoned investor or someone new to crypto, KikoTheCat welcomes you. Join us as we unleash the power of memes, cats, and blockchain technology to create something unforgettable.

Let’s take KikoTheCat to the moon — or, in true cat style, to the very top of the scratching post of success!

#crypto #egld #multiversx #memecoin

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mariacallous · 3 months ago

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Twenty-three-year-old Arnold Robert Haro addressed his final words to the phone in his hand. “If I die, I hope you guys turn this into a memecoin,” he said. Then Haro took his own life.

Haro died on February 21 at his family home in Madera County, California, a death certificate obtained by WIRED shows. His suicide was broadcast live to his followers on X, where he went by the handle @MistaFuccYou. Footage of Haro’s death has since been removed from the platform, but the incident was briefly listed in its trending tab.

In the hours after Haro’s death, people created dozens of memecoins—a type of highly volatile crypto coin used as a vector for financial speculation—modeled after him. Sensing an opportunity to profit, traders piled into one of the coins in particular, driving its value to $2.1 million in aggregate. (The coin has since lost 96 percent of its value.)

On X, some tried to argue that whoever was behind the MistaFuccYou coin had duly granted Haro’s final wish. But most denounced the impulse among traders to try to profit by his death. “If you’re trading this, you’re sick af,” wrote one user.

Speculation ran rampant on X that Haro had ended his life because he had lost money to a memecoin rugpull—a maneuver whereby somebody creates a new coin, promotes it online, then sells off their holdings in one swoop, devaluing everyone else’s stake. WIRED was unable to confirm whether this had happened to Haro, but his friends have disputed the narrative. “It had nothing to do with crypto … It’s not what all these crypto nerds seem to think,” one of Haro’s friends, who goes by j nova on social media, told WIRED. Haro’s family, meanwhile, has described his death as the result of “his battle with depression.”

The incident captures in microcosm the race to the bottom in memecoin trading circles, where only the most heinous and morally bankrupt ideas are now rewarded with attention, says Azeem Khan, cofounder of the Morph blockchain and venture partner at crypto VC firm Foresight Ventures.

“We’ve reached the point where the most potentially exciting launch that people are looking at is Kanye trying to launch a swastika coin,” says Khan, in reference to now-deleted X posts made by an account associated with the artist Kanye West. “That’s how terrible this space is.”

Until last year, launching a memecoin was relatively expensive and technically burdensome, which meant few came to market. Only Dogecoin—the original memecoin—and a handful of derivatives had any sort of longevity.

That equation was reversed with the arrival of Pump.Fun, a platform that makes it simple for anyone to launch a memecoin at no cost. Since Pump.Fun launched in January 2024, many millions of memecoins have flooded the market, among them the coins modeled after Haro.

In a statement provided to WIRED, Pump.Fun spokesperson Troy Gravitt described Haro’s death as a “tragedy,” but explained that the coins made in his image, though “clearly in poor taste,” do not violate the platform’s terms of use. “There was no content associated with the token that would have identified it as either illicit or explicit,” says Gravitt.

Betting on memecoins is lionized in certain online crypto circles, where traders are euphemistically described as charging headlong into “the trenches.” But behind the combat metaphor is an implicit recognition that the odds are stacked against the individual “trencher,” particularly given the prevalence of rug pulls and alleged collusion between the insiders behind certain high-profile memecoin launches.

“Everyone assumes that crypto is where you come to become rich, no matter how dumb you are. I think it’s the exact opposite,” says Khan. “There are these layers of insiders … retail traders are always exit liquidity.” In other words, regular people buying into coins allows insiders to cash out at a profit.

The new cultural prominence of highly volatile memecoins, which offer the prospect both of outsized gains and losses, is also likely to have compounded the risk for people predisposed to problem gambling or trading, researchers say.

“People have enormous capacity to make money very quickly. The appeal of making money rings so much louder than calls of danger,” says Benjamin Johnson, a PhD candidate at the University of Queensland specializing in the public health implications of digital technologies. “Adding to the attraction with memecoins is that you’ve got these online communities where people really congregate. It becomes an emotional attachment to these assets … It creates a perfect storm.”

Though academics have not identified a direct association between crypto trading and heightened psychological distress, the externalities of crypto trading—namely, the likelihood of losing money—are shown to have a negative impact on mental well-being. And the vast majority of memecoins released on Pump.Fun wind up practically worthless.

“If you are really into day trading, it is definitely something that is likely to cause people mental stress or psychological distress,” says Atte Oksanen, a professor of psychology at Tampere University, who has conducted multiple studies on the mental health implications of crypto trading. “Financial problems cause a lot of stress, which can escalate.”

Meanwhile, the glut of memecoins entering the market through Pump.Fun—among them coins issued by celebrities like rapper Iggy Azelea—has led coin creators to take increasingly elaborate, sexually degrading, and sometimes dangerous measures to attract attention to their coins. One guy ended up catching on fire after a memecoin promotional stunt went awry, leaving him with serious burns.

The launch of US president Donald Trump’s memecoin in January pushed the fight for attention to new extremes. The inevitable effect has been that only the most depraved and provocative concepts—like the MistaFuccYou coin, based on a suicide—so much as register in the hive mind of memecoin traders. And even then, only briefly.

“The president of one of the most powerful countries in the world launches a coin. How much further is there to go?” says Khan. “Then if you hit the top of the market, how quickly will all of this vaporware actually end up nosediving?”

The calculus among memecoin traders is captured on Pump.Fun in the comment section for the MistaFuccYou coin. “This token shows how fucked the trenches are rn, and is highly unethical,” wrote one user, before implying that others should invest.

In the process, people like Haro—whose X feed is a kaleidoscope of memes, practical jokes, guns, women, weed, and crypto—are effectively erased; quite literally commodified into an incomplete and cartoonish version of themselves.

A fundraising page set up by Haro’s family to help cover the funeral costs paints a more three-dimensional picture: “Arnold was a bright, kind, and hilarious soul who brought light to those around him,” reads a description written by a family member. “He had a gift for making people laugh, spreading joy, and offering unwavering support, even when he was struggling himself.”

If you or someone you know needs help, call 1-800-273-8255 for free, 24-hour support from the National Suicide Prevention Lifeline. You can also text HOME to 741-741 for the Crisis Text Line. Outside the US, visit the International Association for Suicide Prevention for crisis centers around the world.

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pankooshaiv · 4 months ago

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NFTs and TreasureNFT

Unlock the Future of Digital Assets with TreasureNFT: Your Gateway to NFT Earnings.

The global of digital property is evolving swiftly, and TreasureNFT is leading the way in this revolution. If you are curious about NFTs (Non-Fungible Tokens) and how they could transform your monetary destiny, now could be the appropriate time to dive in. TreasureNFT isn’t only a platform—it’s your price tag to coming across the vast potential of NFTs even as earning tremendous rewards. Ready to take manipulate of your virtual future? Let’s discover how TreasureNFT can open new doorways to incomes possibilities!

What Is TreasureNFT?

TreasureNFT is a groundbreaking platform that makes NFTs on hand to absolutely everyone—whether or not you're a seasoned crypto seasoned or just starting. With its user-friendly interface, TreasureNFT permits you to create, buy, promote, and change NFTs resultseasily. Combining the contemporary blockchain generation with an intuitive design, TreasureNFT ensures that you may maximize your profits within the NFT area.

By joining TreasureNFT, you advantage get admission to to a thriving market in which creators and creditors come collectively. It’s extra than just an app—it’s a community where digital art, collectibles, and precise property are traded securely on the blockchain.

Why Are NFTs So Important?

NFTs have taken the digital financial system through storm, and know-how their price is prime to unlocking new opportunities for growth:

Unique Ownership: NFTs are unlike conventional cryptocurrencies like Bitcoin or Ethereum. Each NFT is a one-of-a-kind digital asset with its own proof of possession saved securely at the blockchain.

Diverse Applications: NFTs aren't just for digital art—they're revolutionizing industries consisting of gaming (in-recreation belongings), music (royalty monitoring), real property (virtual land), and greater.

Decentralization: Blockchain guarantees entire transparency and protection in NFT transactions, empowering creators through getting rid of intermediaries.

Cultural Shift: As our global turns into more digital, proudly owning virtual property is more and more as important as owning physical ones.

Future Prospects of NFTs

The NFT marketplace has already visible top notch growth, and this fashion is best set to maintain. Here’s why:

Mainstream Adoption: Big manufacturers like Nike, Adidas, Gucci, and even the NBA are diving into NFTs. As greater groups undertake NFTs, the call for for platforms like TreasureNFT will skyrocket.

Metaverse Integration: The upward push of metaverse systems like Decentraland has created new possibilities for NFTs, from digital actual estate to extraordinary avatars.

Increased Utility: NFTs will soon end up a crucial a part of diverse industries, from schooling (certifications) to healthcare (medical facts).

Economic Opportunities: More people are understanding the economic potential of NFTs—whether with the aid of growing or trading them—leading to huge financial possibilities.

Sustainability: As blockchain generation evolves (e.G., Ethereum’s power-green evidence-of-stake), environmental issues can be reduced, making NFTs even more appealing.

Earning with TreasureNFT

TreasureNFT offers numerous approaches to generate earnings:

Create & Sell Your Own NFTs: If you are an artist or content material creator, you may mint your own creations as NFTs and sell them to a global target market on the market.

Trade Rare Collectibles: For collectors, there are sufficient opportunities to buy low, sell high, and make the most of rare NFTs.

Referral Program Rewards: Invite others to sign up for the TreasureNFT environment the use of your referral link. Earn rewards based on their activity and start building your earnings these days!

Passive Income: Some NFT initiatives provide royalties every time your NFT is resold, that means you can earn habitual profits with out additional attempt.

Staking & Rewards Programs: Lock up funds temporarily to earn attractive returns, making it a terrific manner to grow your portfolio.

How To Get Started with TreasureNFT

Getting started with TreasureNFT is simple and free! Just observe these simple steps:

Click on my referral hyperlink: [Join Now].

Create your account—It’s quick and unfastened to sign up.

Explore the platform: Discover trending collections, mint your first NFT, and more.

Start earning: Trade or refer buddies and earn rewards!

Watch your portfolio grow as you become an lively player on this dynamic ecosystem.

Why Choose TreasureNFT Over Other Platforms?

Unlike other NFT marketplaces, TreasureNFT offers an experience designed for both learners and experienced traders alike. With its smooth onboarding, sturdy incomes opportunities, and focus on accessibility, TreasureNFT would be the move-to platform for NFT fanatics. Plus, it doesn’t require any technical understanding to get started out—just your creativity and willingness to learn.

Conclusion: Join the NFT Revolution with TreasureNFT!

NFTs are here to stay, and structures like TreasureNFT make it easy for all and sundry to participate and gain. Don't miss out in this possibility to liberate financial freedom and creativity. Click the referral hyperlink under and begin your adventure towards achievement these days!

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mofeoluwa · 4 months ago

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How I Earn Over $1,500 Monthly from STON.fi—No Trading Required

Most people overlook the passive income potential of decentralized exchanges (DEXs). While trading is the first thing that comes to mind, STON.fi offers multiple ways to earn without the stress of market speculation.

Over the past few months, I’ve built a consistent income stream of over $1,500 per month just by leveraging STON.fi’s ecosystem. This isn’t about quick flips or risky trades—it’s about staking, farming, content creation, and referrals.

Let’s break it down.

1. Staking STON for Governance Rewards

STON.fi allows users to stake their $STON tokens and earn governance tokens like Arkenston and Gemston.

These governance tokens hold value and can be used within the ecosystem or converted into other assets. This creates a steady flow of rewards, making staking one of the easiest ways to earn passively on STON.fi.

For those holding $STON, staking is a no-brainer—it’s a simple way to grow holdings without additional effort.

2. Farming Pools—Maximizing Returns

Providing liquidity to STON/USDT V2 pools is another income stream that delivers consistent rewards.

Farming pools on STON.fi offer high-yield returns, and by supplying liquidity, users get rewarded in additional tokens. Managing impermanent loss is key here, but with the right approach, farming becomes a solid strategy for earning passive income.

It’s an efficient way to put assets to work instead of letting them sit idle.

3. Shelter 42—Earn from Knowledge & Referrals

Shelter 42 is an intellectual challenge program where participants earn rewards for correctly answering blockchain-related questions.

Beyond the quiz aspect, there’s a referral structure that provides additional earnings. Every referred participant brings extra benefits, making it a dual-income opportunity.

For those who enjoy competitive knowledge-based programs, Shelter 42 adds an engaging and profitable element to the STON.fi ecosystem.

4. Content Creation Contests—Web3 Earning Beyond Trading

STON.fi runs monthly content creation contests, rewarding users for producing high-quality content.

I submitted an article breaking down a farming strategy and ended up securing a top spot, earning $300 worth of STON tokens.

For anyone skilled in writing, video production, or design, this is an opportunity to earn directly from creative contributions.

5. The Stonbassador Program—Referral Earnings That Scale

STON.fi’s Stonbassador program is designed to reward community members who introduce new users to the platform.

By referring users who engage in trading, staking, or farming, Stonbassadors earn commission-based rewards.

Over time, this creates a passive income stream that grows as more people get involved. For those looking to build a long-term earning structure in Web3, this program stands out.

Why STON.fi Stands Out

STON.fi isn’t just another DEX—it’s the largest on the TON blockchain, with:

✔️ $5.2B+ total trading volume

✔️ 4M+ unique wallets (81% of all TON DEX users)

✔️ 25K+ daily active users

✔️ 700+ trading pairs with high liquidity

Beyond trading, STON.fi provides multiple revenue streams for users looking to earn in crypto without relying on market speculation.

Final Thoughts

Through staking, farming, content creation, and referrals, I’ve built a steady $1,500+ monthly income from STON.fi.

For those looking to maximize earnings in Web3 without active trading, these opportunities are worth exploring.

💡 Start leveraging STON.fi today and unlock new earning possibilities in the TON ecosystem

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sokowachi · 4 months ago

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How I Earn Over $1,500 Monthly from STON.fi Without Trading

Most people think decentralized exchanges (DEXs) are just for trading. But I’ve found a way to consistently earn over $1,500 every month from STON.fi—without actively trading.

This is not about buying low and selling high. It’s about staking, farming, content creation, and leveraging the right opportunities.

If you’re looking for stable, passive income in Web3, here’s how I do it:

1. Staking STON – The Foundation of My Earnings

STON.fi allows staking of its native token, $STON, which generates additional rewards in governance tokens like Arkenston and Gemston.

This isn’t just about earning APY. These governance tokens hold value and can be used within the ecosystem or sold for profit.

By staking $STON, I receive a steady flow of rewards every month. The more I stake, the higher my rewards.

2. Farming Pools – The Passive Income Boost

Liquidity providers (LPs) on STON.fi earn rewards by supplying assets to farming pools. One of the best opportunities has been the STON/USDT V2 pool, which offers competitive yields.

The concern with farming is usually impermanent loss, but with proper research and risk management, I’ve maintained consistent earnings from the pool.

It’s one of the easiest ways to generate income while supporting the liquidity of the DEX.

3. Shelter 42 – Earn from Knowledge and Referrals

Shelter 42 is one of the most underrated earning opportunities on STON.fi. Unlike staking or farming, this program rewards users for answering blockchain-related questions correctly.

In addition to quiz rewards, there’s a referral system that provides extra earnings. By referring others to the game, I receive additional incentives, making it a dual-income opportunity.

For anyone with blockchain knowledge (or willing to learn), Shelter 42 offers a simple way to earn in the ecosystem.

4. Content Creation Contests – Web3 Rewards Beyond Trading

STON.fi isn’t just for traders—it also rewards content creators through its monthly contests.

I participated in a content creation competition, where users submitted articles, videos, and infographics about STON.fi. By providing valuable insights, I secured a top position and won $300 worth of STON tokens.

This is a perfect opportunity for anyone skilled in writing, design, or video editing to monetize their creativity.

5. The Stonbassador Program – Referral Earnings

One of the easiest income streams I’ve built is through the Stonbassador program—STON.fi’s referral system.

By inviting users to explore the platform, I earn commissions on their trading and staking activities.

Over time, as more users engage with the DEX, my referral earnings continue to grow passively.

Why STON.fi Is the Best Platform for Web3 Earners

STON.fi is the leading DEX on the TON blockchain, with:

✔️ $5.2B+ in total trading volume

✔️ 4M+ unique wallets

✔️ 25K+ daily active users

✔️ 700+ trading pairs

Beyond trading, STON.fi offers multiple earning opportunities for users who want to stake, farm, create content, and refer others.

If you’re looking for ways to earn in crypto without relying on market speculation, STON.fi is a platform worth exploring.

Final Thoughts

Since leveraging STON.fi’s ecosystem, I’ve built a steady $1,500+ monthly income without needing to actively trade.

For anyone serious about earning in Web3, these opportunities are worth considering.

💡 If you found this useful, explore STON.fi and start earning today.

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