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Marketing Reverse Mortgages In a World That Doesn’t Trust Mortgage Brokers

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Reverse Mortgages are a tricky subject. No one wants to discuss them, and yet, for some it can be an excellent solution. The Elder’s heirs might not appreciate it much, but it can be a life-saver. Kind of reminds us of that bumper sticker you see on the back of motor-coaches; “We are spending our children’s inheritance!” Now then, how do you market reverse home mortgages if you are a mortgage broker? Remember it’s a tricky topic. Below is a one-page marketing piece you can use to modify and come up with a decent strategy of your own. Your modification of this could be used for an email marketing campaign, web-page, brochure or advertisement.

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Reverse Mortgages

Have you been considering a Reverse Mortgage but aren’t sure if it’s right for you situation? Would you like to get the facts and talk to someone who has all the answers, someone who can answer any remaining questions you might have? Sometimes reverse loans make sense, and sometimes they don’t, it depends on your situation. There are certain rules, restrictions and costs on Reverse Mortgages that you need to know upfront.

We offer reverse loans because they can be a life-line and a nice strategy when the conditions are right. These mortgages can be life-changing when structured correctly. Are you ready to talk seriously about a Reverse Mortgage and make an informed decision? Contact us now and we can schedule a meeting, look over your financial situation and help you make an informed decision.

There are many different types of structures and strategies for reverse mortgages, each one has its own benefits and disadvantages – reverse mortgages are not a one-size fits all – by knowing your options and having the right knowledge you can decide for yourself. Below are a few of the choices within the “Reverse Home Mortgage” category to consider:

– Single Purpose Reverse Home Mortgages, which are from local, state, non-profit agencies.

– Proprietary Reverse Home Mortgages – jumbo reverse mortgages.

– Standard HECM – Home Equity Conversion Mortgage, which are backed by HUD.

– Reverse Mortgage Refinance – refinancing a current reverse loans.

– Home Purchase HECM when downsizing to new more appropriate sized property.

The rules and regulations on reverse home mortgages are in place to protect seniors from being sold something that isn’t appropriate. These are probably well-intentioned by authorities, but they don’t protect you from making a poor choice. You need someone who can explain everything to you upfront, based on your actual needs now, and the needs you see for your future. We are is here for you, ready to explain all the details and answer all your questions – then get the ball rolling and make it happen.

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Just because the Federal Reserve has raised rates doesn’t mean there aren’t other markets out there to keep your business busy and keep your team gainfully employed. I hope this helps you think about your future marketing strategy.

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Investors Are Curios To Grab the Solana (SOL) Tokens

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Investors Are Curios To Grab the Solana (SOL) Tokens

Solana (SOL) is now the recent hype which creates a huge curiosity among the millions of investors with its exciting developments. At present, all crypto users are planning to invest their assets into Solana for its massive performance in the marketplace. Besides, all investors believe that SOL will overtake Ethereum (ETH) in the near future. 

Moreover, Solana is progressing forward offering great deals to the investors and to the entire crypto space. All investors must know when to invest their savings into the crypto assets as the market is always unpredictable. But now, Solana is fast approaching and SOL adoption is remarkable with a market cap of $50 billion. 

Why invest in Solana (SOL) ?

Solana is the decentralized Finance (DeFi) token which recently gained the users attention with its innovation in the market. The creative ideas of the developers working behind the Solana network provides the users with  unique features and  infrastructure. Moreover, SOL’s decentralized applications (Dapps) offer the users fast, safe and secure transactions. 

Notably, Solana protocol strengthens the network to provide nearly 50,000 TPS, much faster than ETH network’s 30 per second. Also the Solana network is capable of working with a variety of Dapps on its infrastructure. Thus, these features create a hype among the investors for Solana to become the world’s most popular DeFi network. 

Earlier in September, Solana grabbed the title of best Ethereum killer in competition with Cardano. Also proving that SOL is 3,800 times faster than the ETH network. Hence with its significant utility and conduct it will increase its value and reach greater heights in the digital space. 

Following, Solana is massively rocking the crypto industry by thrashing the value of other digital assets. Recently, SOL’s continuous rise pushed itself into the top 10 cryptocurrencies with remarkable market cap. Surprisingly, Soalan surpassed  XRP, Polkadot, Dogecoin and became the seventh-largest cryptocurrency by market value. 

SOL Market Status

According to CoinMarketCap, the Solana (SOL) holds the value of $163.61 with a rise of 15.98% in the last 24-hours. Besides, with a 16.81% increase  its current market capitalization is $48 billion with huge trading volume. Also, Solana’s innovative proof-of-history (PoH) will boost its value and usability in the industry very soon. 

Thus, with an unique integrated blockchain technology, Solana (SOL) will incredibly fly high in a very short period. With its developments and smart contracts it has attracted millions of investors in a lightning processing time. Hence, it is a good time for all the investors, crypto traders to cash out their assets into the digital currencies.

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Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) Price Poised For Massive Breakout!

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Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) Price Poised For Massive Breakout!

The crypto space is making progress after experiencing a generally bearish market. As Bitcoin price is set its foot to surpass $50k after a much-awaited golden cross. And most other prominent altcoins are finding their new equilibrium. Ethereum price has formed a crucial support zone between $3200 and $3400 and Cardano price near $2.40.

Bitcoin (BTC) Price Prediction:

At the time of writing, the BTC price is trading at $48635.75 at the press time. The price is up by 2.19% in the last 24 hours.  Crypto analyst Micheal Van De Poppe in the latest video update says

“If the market is going to reverse, BTC price will go all the way back to initial levels if not many buyers show interest to purchase,”

Signalling that some buyers are stepping in on higher levels through which BTC gets great support levels. He went on to say BTC price holds a crucial support zone between 46k and 47k. And he further added if the Bitcoin price breaks at a crucial resistance level at $50k, it will rally towards new ATH. 

Ethereum (ETH) Price Prediction:

The ETH price smashed the $4000 mark for the first time since May on September 3rd.  The reclaim is important as ETH lost more than half its value in the May market crash. 

As Ethereum price finds resistance between $3200 and $3400. ETH might be walking on the path of Bitcoin, notes Van De Poppe. Analyst predicts that Ethereum, like Bitcoin, if it successfully retests at $3400, then the price has the strong potential to hit $3840.

Cardano Price Prediction:

According to popular cryptocurrency analyst Micheal Van de Poppe, who believes ADA price has the strong potential to reach new highs. Analyst tells his 127,000 followers that at this stage Cardano price is not too great of price action. He addressed ADA’s price spike from $1.9 to $3.10 in the month of August. 

The analyst went on to say, ADA price is forming a new equilibrium at $2.40 after the launch of the Alonzo hard fork. And that is usually going with a slight corrective move. As long as Cardano is going to stay above the immediate major support level at $1.90, the price is going to continue moving right, further added.

Overall, the future looks bright for these three coins. If strong fundamentals support price action, then we can expect a huge price surge in the coming bull cycles. Bitcoin price, Ethereum price and Cardano price seem to have a long way to go.

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While Broader Crypto Market Holds Its Collective Breath, Whales Are Loading Up On Bitcoin

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Picture of a hand attracting four gold bitcoin crypto coins with a giant red and white magnet

Bitcoin, likewise other cryptos, have had a hard seven days. So investors across the crypto have understandably been wary of the market and any investments at this point. This has played out in the way the digital assets have done in the market. Various dips have put the market into what looks like a long-suffering form. But while most investors hold their breaths in wait for what happens next, whales are on the move with their bitcoin investments.

Whales Gearing Up For Next Bitcoin Rally

Whales have been known to move large amounts of cryptocurrencies across wallets. These happen both in times of bull and bear markets. One thing that metrics have shown recently is that whales are using the current price crashes as a buying opportunity. Movements from BTC wallets holding around 100 to 10,000 bitcoins, otherwise known as whales, show that these investors are completely unfazed by current market trends.

Related Reading | How Shrinking Short-Term Supply Of Bitcoin Is Affecting The Asset’s Price

Data shows that wallets with at least 100 to 10,000 BTC have been increasing their holdings in the last couple of days. These whales have now accumulated over $2.9 billion worth of bitcoin since the week began. Following the price crash that happened on September 7th, the market entered into a period of low momentum. Price remained around the $45K to $47K, with not much in the way of movements either way. Presenting a perfect opportunity for big-time investors to fill up their bags.

BTC price trading in the mid-$47K range | Source: BTCUSD on TradingView.com

Another interesting metric is the spending rate of the whale wallets. On-chain analysis shows that these wallets are not doing much in the way of spending their bitcoins. Rather, the assets held in the wallets have remained in their position. Usually only moving in what looks to be the investors or entities moving their coins to other personal wallets. In short, the whales are accumulating and they do not plan to sell anytime soon.

Market Sentiment Turns To Neutral

The market crash last week saw market sentiment do a complete 180. The Fear & Greed Index the week before had shown increasing positive sentiment amongst investors, when the index had moved from greed into extreme greed. This put the market under immense buy pressure the week leading up to one of the biggest news of bitcoin adoption; the sovereign nation of El Salvador making BTC a legal tender.

Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course

The market, however, did not respond the way it was expected to on the day the law became official. Instead of triggering a continuation of the bull run the market had been in, BTC had lost over 17% of its value in a flash crash. The Fear & Greed Index promptly moved into the fear region after the crash, where it stayed for the rest of the week.

Fear & Greed Index from alternative.me

Fear & Greed Index moves into neutral | Source: Fear & Greed Index on Alternative.me

Now, though, the index has moved into neutral. Gaining 7 points from last week’s Fear 46 to put it in a neutral spot. Although the index shows a drop of five points between yesterday and today. Showing that the index is slowing sliding back into neutral, given that market sentiment is still greatly skewed towards the negative.

Featured image from Pinterest, charts from TradingView.com and alternative.me
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Top 3 DOT Tokens of the Week

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Top 3 DOT Tokens of the Week
  • Aleph.im is an open-source cross-chain network.
  • CELR is a well-constructed layer-2 scaling solution.

Today, every significant currency, including Bitcoin, Ethereum, and Binance Coin, started off trading for pennies on the dollar. Their high market caps prevent their prices from skyrocketing too quickly now that they’re popular. But, not so for altcoins, which are cryptocurrencies created after Bitcoin’s popularity.

Many of the 11,000+ altcoins are failing to acquire momentum. Although, not for a few rare gems that promise great risk and tremendous return. Here are the Top 3 DOT Tokens of the Week.

Celer Network (CELR)

As fascinating as blockchain is, transaction rates and throughput may be slow. CELR is a well-constructed layer-2 scaling solution that handles off-chain transactions. Moreover, the Celer platform enables quick, easy, and secure off-chain payments and smart contracts.

The Polkadot ecosystem project was one of the first to use the Substrate platform. Also, the network’s creators envisioned maximizing blockchain’s potential and transforming Dapps with more efficient and productive outputs.

According to CoinMarketCap, Celer Network price today is $0.116697 USD with $295,777,395 USD 24-hour trading volume.

PolkaDomain (NAME)

PolkaDomain is a decentralized domain and NFT marketplace based on Polkadot. Moreover, it is a decentralized domain secured by the Polkadot network. And provide people control over their data and resources.

According to CoinMarketCap, PolkaDomain price today is $0.343995 USD with $7,434.48 USD 24-hour trading volume.

Aleph.im (ALEPH)

Aleph.im is an open-source cross-chain network with a decentralized database, computation, and identity architecture. Furthermore, the primary goal of Aleph.im is to assist decentralized applications and protocols strip off the centralized parts of their stack. For example, Imagine a decentralized AWS or Firebase. Aleph. im aims to turbocharge the DeFi ecosystem.

According to CoinMarketCap, Aleph.im price today is $0.507474 USD with a 24-hour trading volume of $2,699,887 USD.

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Solana Price Analysis : SOL Price is Above Crucial Support level ! Where it Heads Next ?

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Solana Price Analysis : SOL Price is Above Crucial Support level ! Where it Heads Next ?

Solana, which has been one of the top gainers has given up much of its massive gains this week, plunging more than 35% from last week’s record high.

The main reason behind the erratic price drop was the intermittent instability issue on the Solana network. This took the blockchain down for nearly 18 hours, creating panic among the traders. The increasing selling pressure pushed prices down by 17% hitting $142.60.

Is SOL Price Showing signs of Recovery ?

On Friday, SOL price tanked more than 10% reaching $135 which is the lowest level of 2 weeks. As a result, the market value dropped to $40.6 billion, more than $20 billion below its high on September 9.

At the time of writing SOL Price is trading at $146 with a 1.2% drop. It Seems that the altcoin could rebound to hit $170 if the demand wall is not broken.

At present, strong Crucial support lies at $142. If SOL Price fails to hold above this level the altcoin might lead to a steeper correction toward the 50-day moving average and the 61.8% Fibonacci retracement level at $96.

The first support lies at $126. This is followed by $120, $106, $100, and $90.

On the other side, the first resistance lies at $151. This is followed by $160, $180, $200, and $216.

Also Read : Cryptos About To Explode in Q4! These Altcoins You Need To Keep An Eye On!

Buy the dip

Despite the SOL Price plunging heavily, cryptocurrency analyst and trader with twitter handle @AltcoinSherpa, has decided to buy SOL once it hits $130.

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Build Base Or Bust? Bitcoin Touches Down On Parabolic Support

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Build Base Or Bust? Bitcoin Touches Down On Parabolic Support

Bitcoin price is trading in the mid-$40,000 range, unable to get through $50,000 but still holding strong the higher the recovery goes. The series of higher lows continues, potentially creating another base for the cryptocurrency to blast off from.

This base would mark the third out of four before the “selling point” according to how parabola works in financial markets. But this is all contingent on Bitcoin price holding a very crucial curved support line, extending from the asset’s bear market bottom. Take a look.

Will The Bitcoin Parabola Break Or Blast Off From Here?

The king of cryptocurrency is stuck – between new highs and new lows, so the market is undecided and fearful despite the high prices. Several signs point to the peak at $65,000 being the top of the cycle, which would mean targets fell significantly short of the hundreds of thousands of dollars per coin which were expected before it was all said and done.

Related Reading | Bitcoin Golden Cross: Everything You Need To Know About The Bullish Signal

The hope is that what was witnessed in April around the time when Coinbase Global went live on the Nasdaq is instead a mid-cycle pullback before the rest of the rally resumes.

Will a base build or the curve bust through? | Source: BTCUSDT on TradingView.com

During each bull market cycle, a series of higher lows keeps the cryptocurrency climbing until the trend ends. According to where the latest higher low as potentially formed, it could clarify a parabolic curve that could carry the asset to higher prices eventually.

 Elliott Wave Supports Theory And $100K Target At Cycle Top

In a comparison with a parabolic curve “step-like formation” diagram, Bitcoin formed base one at the bottom. A much longer base two formed following the June 2019 peak that clearly in hindsight wasn’t the top.

The third base could be in process now, with the bottom being the bounce below $30,000. With higher lows forming the parabolic curve pictured above, the recent selloff during the day Bitcoin became legal tender in El Salvador, could have been one last test of the curve before the cryptocurrency’s bull run continues, or a more a deeper drop is to follow once the curve breaks.

BTCUSDT_2021-09-17_14-44-17

Even on lower timeframes, Bitcoin is holding the curved support | Source: BTCUSDT on TradingView.com

Bitcoin is even retesting that curve on lower timeframes at this very moment, so there may be more clue as to direction soon enough. Down very well could be the direction. The macro environment is bearish, several altcoins are experiencing strong pullbacks after ridiculous rallies, and the dollar is gaining strength.

If parabolic support holds, however, a line drawn across past mid-cycle peaks could provide clues as to where the cycle eventually ends.

BTCUSDT_2021-09-17_09-33-29

Elliott Wave is added to the parabola to support the target | Source: BTCUSDT on TradingView.com

Throw in some Elliott Wave Theory and there is a potential roadmap that could follow. Major corrections tends to fall back to the previous cycle’s wave four. Drawn from that wave four across the top of what would ultimately be wave one and wave three in the current cycle, should pin-point about where wave five could stop.

Related Reading | Bitcoin Price “Pitchfork Channel” Could Pin-Point The Last Dip Ever

Wave three is usually the longest and easiest to spot of the bullish trend. Wave five should match the Fibonacci structure of wave one. That would take Bitcoin exactly to that line, which runs around $128,000 per BTC – but only if it also continues to follow the parabolic curve drawn above.

Breaking through now could create a wider, lengthened parabola at new lows, meaning base three failed. If it didn’t, it will cause the asset to at least double in price before the top is in, which means a lot closer to the six figures analysts have been predicting for years now.

Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice.

Featured image from iStockPhoto, Charts from TradingView.com

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Binance Composing New Changes to Work Better With Regulators

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Binance Composing New Changes to Work Better With Regulators
  • Binance composing new changes to work better with regulators.
  • Exchange has been hiring human resources to strengthen its compliance game.
  • Binance hired a former Europal Dark Web specialist.

The world’s largest and popular cryptocurrency exchange, Binance, has announced it is composing new changes to work better with regulators according to their requirements.

In an interview with South China Morning Post, Changpeng Zhao, CEO of Binance has made an announcement, which published on September 16. He mentioned,

“As we run a centralized exchange, we have come to realize that we need to have a centralized entity to work well with regulators”.

More so, this is a clear quitting from the existing policy that crypto exchange Binance had applied before, noting it wasn’t headquartered globally because Bitcoin (BTC) wasn’t either. Eventually, this was the policy, which created trouble for Binance with regulators, that have criticized the shortage of registration for operation in many countries.

According to the interview, it understandable that the latest regulatory issues the Binance exchange has facing, have changed Changpeng Zhao’s plans and goals about how things must handled for compliance purposes.

Even more, he stated, exchanges need to maintain a clear record about stakeholder’s ownership, transparency, and risk controls. As the largest crypto exchange, Binance has composing changes, so it will be easier to work with regulators without any issues.

Furthermore, Binance has been effectively hiring human resources to strengthen its compliance game and maintain high control over the funds exchanged on the Binance platform. On Friday, Binance announced the hiring of a former Europal Dark Web specialist, Nils Andersen- Röed, to build effective investigations and audit team. In the last month, U.S. Treasury criminal investigator, Greg Monahan has appointed as Ninance’s Global Money Laundering Reporting Officer, to strengthen AML policies inside the Binance Exchange.

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XRP Price Analysis: Is XRP Price Eyeing to hit $1.15 with a 15% upswing?

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XRP Price Analysis: Is XRP Price Eyeing to hit $1.15 with a 15% upswing?

Over the last 24 hours, the overall cryptocurrency market traded in the green. The flagship currency, Bitcoin, is up by 1.85%, while Ethereum has gained 0.31%. Cardano price is still consolidating within $2.5. Avalanche (AVAX) is the best performer, with more than 16% gain. 

Ripple’s XRP is also well set up after months of bearish pressure owing to the ongoing lawsuit. Many anticipate that a Ripple win will be monumental and will lead the asset to explode. On Sept 16th, the XRP price dropped from $1.12. Over the week, the $1.05 support was retested twice, with clear rejection for further downside each time. From there, XRP/USD was consolidating within the $1.05-$1.15 level.

Also Read : Ripple VS SEC, Will The Holders Suffer As The XRP Price Rally Could Miss The Bull Run

XRP Price Analysis 

This is the 3rd consecutive day XRP tested the major support level at $1.05 with no clear higher highs yet, indicating a continuation for the consolidation. As per the 4-hour chart, After retesting the $1.07 support, the XRP/USD price attempts to rally higher once again. At press time XRP price is trading above the support level at $1.08. It seems that the altcoin price is recovering and a breakout is on the horizon. 

At present, the cryptocurrency should break the $1.0731 pivot to bring the first major resistance level at $1.0942 into play. On successfully crossing the resistance level then XRP might retest the second resistance at $1.10294 which can further rally to hit $1.15 before any pullback. However, Price action near $1.17 remains critical and if the bulls persist, the XRP/USD pair may then be directed towards the $1.21 high ahead of the $1.41 barrier.

On the flip side, if the altcoin fails to break the $1.0942 level the price might drop to $1.0659 and the first major support level at $1.0433 comes into play. Barring extending selling pressure, it could plunge towards the second major support level at $1.0223 should limit the downside.

Also Read : Bitcoin, Ethereum, Cardano Price Surging! Watch Out The Targets For Upcoming Week

Will XRP Price Hit $1.2?

If the XRP price rebounds off the current level, the bulls will again try to push the price above the 20-day EMA. If they succeed, it will suggest that the correction could be over. The pair may then start its northward march toward $1.35. 

Overall, the next 24 hours seem bullish, as support was found above $1.05. As a result, we anticipate XRP/USD to continue upward later today and aim for the $1.20 major resistance.

Trading view 

Technically, the price of Ripple is still in the range created by the resistance and support area marked on the chart. Although we give a higher probability for a breakout to the upside for this crypto, a retest of the support area before the upside is something that has a good chance of happening.

Also Read: Is Ripple vs SEC nearing a conclusion? XRP Price Seems to be Under Pressure!

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Tomi Heroes NFT Sales Volume Just Exploded Past $1.35m, with Massive ROI Potential for TOMI Sale

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Tomi Heroes NFT Sales Volume Just Exploded Past $1.35m, with Massive ROI Potential for TOMI Sale

NFT and DeFi enthusiasts worldwide may be wondering why Tomi Heroes have been popping off on OpenSea in recent days. These non-fungible tokens grant access to Tomi’s token presale soon, so the limited-edition sets are in high demand. With 395 Ether (or roughly $1.37m) in traded volume, it is evident that this is the project to keep an eye on over the coming days.

Massive TOMI Presale ROI Potential

As Tomi Heroes generate more proceeds, the team will use these funds to purchase and burn TOMI tokens during the TOMI sale on SushiSwap. It is a no-brainer for any TOMI presale participant, as given the contribution by the TOMI team from the NFT sale, the return on investment potential is borderline astronomical. As more FOMO kicks in among investors who seek exposure to the TOMI presale rounds, the remaining NFTs will generate even more attention and return for the presale.

It is essential to see this project for what it embodies. It is not just an NFT collectible, although these items will likely remain very popular on the secondary market after the token sale concludes. Instead, it is a tool to facilitate token presale participation and incentivize holding the NFT rather than flipping it for a quick profit like so many other projects.

Moreover, using the proceeds to make the TOMI token even more scarce is a gamechanger in the crypto industry. Since the project focuses on giving back to the stakeholders with no profits for the developers, other NFT projects can learn a thing or two from how Tomi approaches this novel technology and perhaps this will set a precedent for ethical and inventive demand-driven tokenomics.

Investing in Tomi Heroes is a smart idea if you are interested in partaking in the TOMI presale rounds. It is essential to gain access to one of these five presale rounds, as they are available for only 30 minutes each. The current rate of ETH trading volume is sufficient to make investors 10x on their TOMI investment even if no one else would participate in the token sale and it remains at a $75,000 market cap.

The TOMI launch will happen on the Polygon network via the SushiSwap platform to avoid transaction delays and high gas fees. The token presale rounds will take place on September 21, 2021, with each of the five presale rounds lasting 30 minutes each.

A Dive Into The Tomi Technology

To grasp the potential of TOMI, it is essential to look at what the ecosystem will provide to its users. Powering scalable projects through blockchain technology and introducing DEX swapping are two of its core solutions. The focus on decentralized finance can change the lives of millions of people by democratizing access to alternative financial services and products. Aligning this vision with PancakeSwap’s success and long-term plan can create a sustainable and attractive outlook for cryptocurrency and blockchain over the coming years.

TOMISwap will serve as the next-generation decentralized trading platform built by the Tomi team. It will run on the Ethereum blockchain and facilitate the swapping of multiple tokens without forcing users to spend an arm and a leg on transaction fees. Offering sustainable, efficient, cheap, and fast solutions for transactions at a high throughput helps conserve energy and offers scalability that will benefit all participants.

The transaction fee per swap is capped at 0.3% of the amount, thanks to the use of decentralized liquidity providers. Of those fees:

  • Liquidity providers will earn 6% of transaction fees from TOMISwap and the Sushiswap smart contract’s activity,
  • Governance token stakers will receive 6% of the transaction fee.
  • TOMISwap user giveaways will be allocated 3% of the transaction fee.
  • The remaining 3% goes to TOMIFundMe.

Through TOMIFundMe, every person on the planet can set up a profile to share project ideas and business plans. Rather than stopping there, TOMIFundMe will help business ideas grow and evolve if they can change the world for the better. All TOMI holders can vote on projects to receive a grant. Those grants are paid out using the 8.3% of all TOMISwap fees collected for this purpose. It is a front-row seat to future development in the decentralized industry, unlike anything that has been seen before.

The team’s strong focus on wealth distribution and making a positive societal impact brink value to the TOMI token and those who hold it in their portfolio. However, there are multiple benefits to holding that token.

TOMI Utility In A Nutshell

The TOMI token serves multiple purposes in the Tomi ecosystem, as it is the native currency. Ranging from community governance to liquidity provision and cheap transactions, there are multiple reasons to like the concept of TOMI. Governance token stakers receive passive income from TOMISWAP and can vote on the new era of blockchain development. Traders can benefit from cheap transaction fees and liquidity rewards through swapping DEX.

With an initial supply of 1.5 billion – capturing the initial needs of the project – the team opts for using half of the coins to provide liquidity through Sushiswap. Another 250 million tokens will fund development of the project, and require TOMI governance token holder approval before spending. The remaining 500 million – to be unlocked over three years – is used for the Community pool. There are no free tokens for the founders or anyone else to ensure a fair distribution and release.

1632079345 512 Tomi Heroes NFT Sales Volume Just Exploded Past 135m with

After the TOMI sale concludes, the team will launch TomiSwap and TOMI staking in October 2021. TomIFundMe will be released in Q1 2022, somewhere near February. The Tomi blockchain – marking the migration away from Ethereum – goes live in Q3 2022 and will support ERC-20 tokens.

Closing Thoughts

The ongoing interest in the Tomi NFTs confirms investors are on board with the team’s vision of creating wealth for everyone through fairness and transparency. Moreover, the team’s choice to use all proceeds to buy back TOMI tokens and reduce the supply from day one – without any developer receiving a free allocation of tokens – confirms their commitment to a long-term business plan capable of changing DeFi for good.

A confident team with a solid business plan and a forward-thinking approach can make many ideas become reality. As cryptocurrency becomes a more mainstream concept, now is the time to build wealth and share it with everyone else. All aspects of Tomi fulfill that outlook and provide value and incentive for TOMI holders.

 

Given the sheer interest in these NFTs, it seems likely investors can look forward to substantial returns on their investment, so pick up a Tomi Heroes NFT while supplies last!

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Cardano Outpowers Ethereum Prior to Cardano Summit! Officials Say ADA Price Will Skyrocket!

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Cardano Outpowers Ethereum Prior to Cardano Summit! Officials Say ADA Price Will Skyrocket!

Cardano community is awaiting September 25th to welcome the Cardano summit 2021! Prior to the event, Cardano officials revealed innovations that are going to happen. The main focal point of discussion will be Hydra, a key layer-2 protocol to boost Cardano’s scalability. That update is the most advanced and fresh development enabled by Alonzo Hard Fork.

Hydra Protocol – Cardano’s Solution for Flexible Layer-2 Scalability!

After thorough research from team IOHK, the Hydra paper was released. It is going to be one of the significant milestones in the development of ADA. Hydra protocol advances Cardano’s Proof-of-Stake scalability. Hydra will be the game-changer for the Cardano ecosystem, this layer-2 scalability protocol aims to maximize throughput, minimize latency, cost-efficient and considerable requirements.

Charles Hoskinson said that team has got lot’s to say about Hydra at the Cardano summit. In addition to this, the Cardano community raised curiosity among community members revealing possible events. According to the team, the Cardano summit is going to witness 40 community-led events, 7 main summit events, 60 community hosts. A mix of virtual and live events from around the world.

Cardano Outpowers Ethereum by 150% Prior to Cardano Sumit!

Prior to the Summit, Cardano price seems to be ‘Calm before the storm’! According to the report of Messari.io, Cardano’s trading volume outpowered Ethereum by a large margin. Well, Cardano with $14.90 billion trading volume over the last 24 hours topped the list of smart contracts sector. Ethereum’s trading volume being $9.98 billion over the last 24 hours.

Source: Messari.Io

Interesting note, even with low transaction volume Ethereum price collected in the last 24 hours is $33.47 million with 548,934 active addresses! And ADA surprisingly, with 150% more transaction volume than ETH collected only $41.19K fees. Followed by ADA and ETH, Polkadot stands at 3rd place in the Smart contracts platform with $1.15 billion transaction volume in the last 24 hours.

How High Will ADA Price Rally?

Keeping in the notice of developments, Cardano officials are pretty sure that Cardano price will hit $10 by the year’s end and the Cardano team is decided to give away 1 billion ADA coins.  ADA price is trading at $2.40 at the press time, with huge buy pressures Cardano is forming a strong support zone. With Breakout at $3.10, $5 could become easily achievable. If it fails, with breakdown the price may find its next support around $2.10.

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