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Why Is There Over a Trillion Dollars in Student Debt?

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How is it possible that college tuition can go up each and every year at a time when we have almost no inflation, and a GDP growth of less than 2% depending on whose economic numbers you are led to believe? The reality is that college tuition is going up because the government is guaranteeing student loans and building that bubble. Because there are so many people who have been led to believe that going to college is the way to a successful future and career they will spend almost anything to go to college. It’s amazing how much people will spend when they are using someone else’s money.

What is really unfortunate is that we don’t teach economics in college to the degree we should, and we hardly teach it in high school at all. Most kids who graduate from high school can read and write, they can also do basic math, but very few of them can legitimately balance a checkbook or do accrual-based accounting. That’s a real problem. What’s worse is when those kids grow up and go work for the government. Apparently, our graduating college students are not alone when it comes to balancing the books. Our own federal government is spending over a trillion dollars per year over what it takes then in taxes. I really hate to mention this because I don’t even like this buzzword, but that is simply; unsustainable!

If kids are coming with money in hand by the way of student loan to sign up for college, then that means the demand will remain very high. Because the demand is high the colleges can charge more money, and so they do. They are also paying far too much to the professors, and giving them incredible pensions and benefits, yes, including healthcare, and the accumulation of all the legacy costs are putting our colleges and universities on same track and pace as many of the municipalities and state governments which are in near bankruptcy.

What’s happened is we have blown up a huge bubble in the academic industrial complex. Rather than coming clean with the challenges and problems which lie ahead we aren’t being honest with the economic realities of this. The Obama Administration wishes to raise taxes, and continue to float this bizarre and unsustainable way forward. If kids graduating from college right now are not finding jobs, then sending more kids to college and raising tuition sure seems like a bad idea for anyone that stops to think about it.

Apparently no one is, while default rates zoomed past 9% in 2012 on their way to god only knows where, or how high. And so, the trillion dollar student loan dilemma is going to present a pop of epic proportions not too dissimilar from the housing crisis of 2008, luckily it will only be in one sector, albeit a very important one – education that is.

It is amazing that the Obama Administration will not address this, or do anything about it. It’s not working, and the problem is getting bigger not smaller. Indeed I hope you will please consider all this and think on it.

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SunSwap and SUN.io Now Integrated with New Two-Token Mining Launched

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SunSwap and SUN.io Now Integrated with New Two-Token Mining Launched

Singapore, Singapore, 28th January, 2022,

 – SunSwap, the largest decentralized exchange (DEX) on TRON, is now officially integrated with SUN.io after a period of stable operation. The mining pool community has also completed its decentralization, and Governance Mining is open for applications on SUN.io’s website to welcome more projects to the SUN Governance Mining. 

Created by SUN.io after it acquired JustSwap for an overall rebranding, SunSwap is the largest DEX on the TRON network. It then became TRON’s leapfrog innovation in the DeFi space by integrating the advantages of both JustSwap and SUN.io, featuring TRON-based on-chain token swap, liquidity mining, stablecoin swap and staking, and platform governance.

The up and running Governance Mining on SUN.io is well received by users, with a TVL of over $600 million to date. As TRON’s first platform that incorporates stablecoin swap, stake-to-mine feature, and self-governance, SUN.io always hopes to scale up cooperation with premium projects while improving the platform. This is why Governance Mining is now open for applications on the SUN.io website to invite community projects to the SUN.io ecosystem. 

SunSwap V2.0 upgrade

Putting its mind to long-term value creation and better user experience, SunSwap makes sustained efforts to upgrade its products based on users’ needs. With features like one-click liquidity migration and improved user interfaces for the exchange, fund pool, and explorer modules, SunSwap V2.0 delivers a friendlier user experience. Users can also add liquidity to trading pairs of any two TRC20 tokens on SunSwap V2.0, which frees them from redundant swaps and enables them to trade the most popular tokens right away.

Upon the launch of SunSwap V2.0, its TVL has surged past $1.7 billion, with a staggering 34.1% APY offered by the NFT-TRX liquidity pool. By upgrading both its user experience and functionality, SunSwap is gaining incredible traction among users, which marks not only another milestone for SUN.io and the TRON blockchain, but is also epoch-making for DeFi and the wider blockchain industry. 

SunSwap completes integration with SUN.io

Liquidity mining on SunSwap will end on January 28, 2022, at 20:59:59 (SGT), in parallel to which the reward distribution rules will be adjusted. Once concluded, SunSwap liquidity mining will no longer generate rewards. Previous rewards will be distributed according to the revised regulations, and users can still claim their rewards in SunSwap > Liquidity Pool as they used to. At the same time, the new pools will go live on SUN.io, marking the full integration of the two. 

Upgraded two-token mining delivers decentralized community governance

The new pools launched on SUN.io will support two-token mining for selected LP tokens in SunSwap V1 and V2, enabling miners to earn dual rewards of SUN tokens and project tokens via Governance Mining. The new token SUN functions as the multi-purpose governance token for the platform (similar to CRV for Curve DAO and EPS for Ellipsis). It grants SUN holders various rights and benefits, including the right to vote, community governance, value capture, staking rewards, etc., in a bid to deliver truly decentralized community governance.

By staking LP tokens to participate in the new pools, users can earn mining rewards in addition to transaction fees.

How to mine on the SUN platform? 

Users need to hold LP tokens to take part in liquidity mining, and mining pools only accept their respective LP tokens. For example, USDT-TRX LP mining pool only accepts USDT-TRX LP tokens.  

LP token holders may visit the Liquidity Mining page on the SUN.io website, find the mining pool they want to participate in, enter the number of tokens they want to stake, and then wait to harvest their mining rewards when the staking begins.

Two-token mining rewards—the SUN token

In pools that support two-token mining, one of the reward tokens is SUN, which is given by the SUN platform to participants of Governance Mining. The amount of SUN rewards will be determined by the voting weights of the liquidity mining pools, which will be updated at 8:00 every Thursday (SGT). Users can lock SUN for veSUN and thus boost their SUN mining speed by up to 2.5x; they can also vote in liquidity pools with veSUN to decide how SUN rewards are allocated in different pools.

Two-token mining rewards—the project token

Unlike SUN rewards, rewards distributed in the project token are not affected by the voting weights of the liquidity mining pools, and the mining speed cannot be boosted by locking SUN. In pools that support two-token mining, rewards are distributed in the project token in addition to SUN: WTRX, the project token in the “stablecoin – TRX” liquidity pools, is provided by TRON DAO to incentivize users to co-build the TRON ecosystem. For other liquidity pools, the project token rewards are provided by project teams to boost users’ engagement in providing liquidity and staking LP tokens. Project teams reserve the right to update the rules of distributing project tokens, including how many tokens will be distributed each week, if any. Please pay attention to the latest announcement on the websites of SUN.io and project teams.

Participate in SUN Governance Mining

At present, the project teams’ pools supported in Governance Mining are SunSwap V2 liquidity pools. Once approved, eligible pools can be added to the list of liquidity pools in Governance Mining, and users can stake corresponding LP tokens for SUN rewards. 

What is Governance Mining?

Governance Mining is a stake-to-mine project launched by SUN.io for community self-governance. It now supports LP tokens in stablecoin liquidity pools and SunSwap liquidity pools.

To participate in 3pool and USDC liquidity mining, users need to make deposits in the corresponding pool on SUN.io, provide liquidity to earn LP tokens, and then stake these tokens for mining. To participate in SunSwap liquidity mining, users must first add liquidity on sunswap.com to get LP tokens before staking these tokens on SUN.io for mining.

Governance Mining Phase II is now open. Users can choose a liquidity pool on the website to stake LP tokens in and boost the mining speed of the chosen pool with veSUN. They can claim SUN tokens earned from staking directly to their wallets. Also, users can vote with veSUN to decide the weight of a liquidity pool: the proportion of veSUN votes determines how much SUN will be allocated to a pool as rewards. 

The SunSwap-SUN.io integration and new mining pools have diversified the use cases of SUN, giving play to community self-governance, further adding utility to the SUN token, and facilitating the growth of the SUN ecosystem. As an integral part of DeFi, and a key component of the TRON ecosystem, SUN will keep powering the entire DeFi space, providing its users with a solid platform that embraces complete autonomy across the board.

SUN.io is set to become a decentralized autonomous community with long-term vitality, and we will keep paying back to our community users with rewarding mining projects. Users are welcome to try out the brand-new mining pools on SUN.io, and our door is always open to high-quality project teams. We’ll continue to keep coming up with more exciting plans, so please stay tuned.

About SunSwap

The upgraded SunSwap will incorporate TRON on-chain token swap, liquidity mining, stablecoin swap, staking and self-governance, benefiting the TRON DeFi ecosystem by giving total effort to the DEX system. Furthermore, as a native utility token on SunSwap, SUN will be used to govern the platform, reward liquidity providers, and buy back tokens with revenue on the platform, manifesting TRON’s original aspiration to extend benefits to the broader public.

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The Use of Blockchain in the Cannabis World

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The Use of Blockchain in the Cannabis World

Blockchain and cannabis have one thing in common: they are both disruptive developments changing how people do business worldwide, particularly in the United States.

When it comes to legal cannabis producers, blockchain has the potential to completely transform an industry that has been hampered by a shockingly slow development trajectory, resulting in increased revenues in the future. This isn’t only true for growers; blockchain’s impact on a sector will also affect retailers and producers.

But before we look into the impacts, it is imperative to evaluate the cannabis industry’s challenges?

The transition from illicit to legal products hasn’t happened as swiftly as predicted since recreational cannabis was legalized in numerous places across the United States and Canada. Those that joined the market early, anticipating high demand, have been disappointed.

Depending on your perspective of the sector, it may come as no surprise that most cannabis is still sold illegally, with illegal channels accounting for 80% of volume and 60% of value in Canada. There are several reasons why the legalization of cannabis hasn’t progressed as quickly as expected:

  • Only a few retail outlets exist.
  • Legal products’ prices have risen.
  • Product selection is somewhat limited.
  • In-store and online supply shortfalls
  • Uncertainty about government-regulated products

Many of these issues are being addressed as the cannabis business matures. Producers granted licenses boost their cultivation, resulting in an oversupply of cannabis.

This, combined with the slow expansion of the legal cannabis business, has resulted in an oversupply of cannabis. Commercialization of the commodity, combined with recent product overstock, is increasing pressure on legal suppliers to lower their prices.

Most crucially, blockchain will provide encrypted traceability, which will aid in the resolution of other difficulties.

What role does blockchain play in this?

As previously stated, fear of government-sanctioned cannabis is still widespread. For licensed retailers and growers, marketing is severely restricted, preventing the dissemination of critical information regarding the consistency, safety, and quality of legal cannabis.

Concerns about the health risks of smoking marijuana concentrates have led to temporary bans on these products in locations like Massachusetts in 2019. With so many farms and suppliers and such a wide range of market supplies, it can be difficult for consumers to locate products they like and can count on.

Blockchain is a decentralized digital technology that records all transactions peer-to-peer.

The software can swiftly check back on past ledger entries because of hundreds of millions of copies of the same chain. This ensures that hacking attempts are immediately detected and addressed through comparison.

Because information is digitally saved and not held in one centralized location, adopting blockchain to the cannabis sector would reduce vulnerability and enhance transparency. Furthermore, transactions will not be overseen by a single intermediary.

Cannabis businesses have an advantage over other companies attempting to implement blockchain technology and have stringent traceability requirements. Because the legal cannabis market is still relatively new, cannabis businesses are more modern, making it easier to integrate a solution like a blockchain into their workflow.

These are usually small businesses with a strong growth culture and less intricate supply networks and structures.

Another distinct advantage of blockchain is that it is decentralized. Cannabis is a cash-only enterprise, at least in the United States. This is because the product is still illegal on a federal level and in more than half of the states and territories in the United States.

Due to the risk of funds confiscating or lost without recompense, cannabis firms can not use institutions insured by the Federal Deposit Insurance Corporation (FDIC). As a result, legal cannabis transactions are increasingly being made using blockchain-backed cryptocurrency like marijuana-specific cryptocurrency.

And to offer a very point-specific solution to both industries (blockchain and cannabis), the Tangi token is leading the way with a unique offering.

Tangi token makes having a marijuana-specific currency and gateway possible! Tangi Token is a blockchain-based digital payment system driven by the cannabis sector and aims to improve the retail purchasing experience, overall satisfaction, and customer engagement.

Tangi Pay Mobile Phone App, Tangi Pay POS, and Tangi Loyalty Rewards Program are a few linked parts that make up the Tangi Ecosystem.

It’s based on the Binance Smart Chain, a Decentralized Exchange with a professional trading platform that allows for fast and secure transactions inside the Tangi Community.

Tangi Team also has an impressive track record in management and advisory roles: With the help of Charles Hoskinson, they created a working peer-to-peer blockchain infrastructure. Charles is the founder of Cardano and Ethereum’s ex-cofounder.

Thanks to the great minds behind it, Tangi will genuinely be considered the one-stop-shop solution for cannabis-related transactions.

 

 

 

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P2E gaming platform, Attack Wagon launches a tiered, high APY staking protocol

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P2E gaming platform, Attack Wagon launches a tiered, high APY staking protocol

Play-to-earn gaming protocol Attack Wagon announced on Monday the launch of its staking features in three distinct pools. According to the statement, the platform allows users to hold the native $ATK token in their crypto wallets and get rewards for their deposits. The rewards will be distributed based on the staking time (rather than quantity of staking), meaning the longer you stake, the more you earn. 

Kicked off on Monday, January 24 at 6 pm UTC, Attack Wagon’s staking features will be available in three levels namely Silver Staking, Gold Staking, and Platinum Staking. The staking tiers will have a maximum cap of $ATK tokens to be staked, a set time for maturity, and a mandatory lock period to keep liquidity running on the platform. 

The Silver Staking tier offers users up to a 5 million $ATK tokens cap with a total maturity of 90 days. The window for staking will be open for the next 30 days, after which the pool will be closed. People staking on this tier must lock their $ATK tokens for at least 45 days to receive rewards. The early return APY is 10% while the maturity return offers up to 20% APY (if you hold your $ATK tokens till maturity). 

The Gold Staking tier offers a higher APY than the Silver Staking tier. Staking on this tier offers an early return APY of 20% and a maturity return of 40%. Users can stake up to 3 million $ATK tokens in this pool with a total maturity of 180 days. The staking window will be open for 30 days, with a mandatory lock period of 90 days. 

Finally, the Platinum Staking pool has a total cap of 1 million $ATK tokens, with a 365 days’ maturity period. The staking pool window will be open for the next 30 days, with a mandatory lock period of 180 days. Stakers in this pool have an opportunity to earn an early return APY of 40% and a maturity return APY of 100%. 

Users only need to connect their cryptocurrency wallet, load up on $ATK tokens and stake in any of their preferred pools. 

A plethora of features on Attack Wagon

Launched in 2021, Attack Wagon offers a development studio for free-to-play and P2E games. Recently, the first P2E game, Scrap Guilds, was launched on the platform. The game is a Sci-Fi RPG that facilitates the use of the Attack Wagon token ($ATK) and includes a variety of different avenues for players to earn money, through playing as well as through passive means. 

Despite the growth of P2E gaming across 2021, many projects are still too complex for beginners to have a shot at earning. With Attack Wagon, everyone has an equal and fair chance to play, win, and earn a passive income. To break the barriers to entry, the P2E platform gives away parts needed in the games for free. The players bring value to the parts by playing the game. The more they play, the more the parts upgrade. Upgraded parts have the potential to earn more and have higher stats, which brings them value over time. 

Additionally, the game combines the earning model with fun, making it interesting to not only earn but to also enjoy the game as well. It features an in-game story mode that allows players to explore, solve mysteries, and get new characters the more gamers play the game. Their game is a massively multiplayer game where users will travel the Void, scrapping and fulfilling quests as they travel into dangerous PvP zones, nasty space creatures and all manner of things trying to kill players, so flying with friends is a good way to stay alive.

The platform also aims to boost the value of its players and the industry at large. Players can create a passive income stream from playing the various games on the platform and earn $ATK. The cryptocurrency is listed on major centralized and decentralized exchanges (DEXs), making it easier to cash out and switch the currency across different games on the platform. 

Lastly, the $ATK token, a Polygon-based asset, ensures players minimize the cost of transactions, speeds up transaction times, and eases the transfer of tokens. Apart from allowing users to purchase in-game assets, $ATK will also be used when buying and upgrading your NFTs and PvP entry fees. You will also be paid out in this token when winning rewards. 

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