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Seven Steps to Getting a VA Home Loan

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Veterans Affairs (VA) mortgage loans have increased exponentially in recent years due to the downturn in the U.S. economy. This economic slump has resulted in banks tightening lending standards for conventional loans. The increase in VA loans is largely due to the fact that they are easier to qualify for than conventional mortgages and are one of the few mortgage options available for qualified borrowers who do not have a down payment.

VA loans often offer lower interest rates than other type of loans and are available for the “full reasonable value” of a given property. Consequently, a down payment is not required as with other government programs such as FHA, which requires a 3.5 % minimum down payment.

So what is a VA loan? VA loans are home mortgages guaranteed by the U.S. Department of Veterans Affairs however they are not a direct lender. The loan is made through a private lender (of your choice) and is guaranteed by the VA as long as guidelines are met. What are the guidelines and who actually qualifies for a VA loan? To follow are the seven basic steps you will need to take to successfully obtain a VA home mortgage loan.

Step One: Determining Eligibility

Most members of the military – veterans, reservists, and members of the National Guard are eligible to apply for a VA loan. The spouses of military who died in active duty or as a result of service-connected disability may also apply. Active duty members qualify after about six months of service.

Reservists and National Guard members must wait six years to apply unless they are called to active duty, where they gain eligibility after 181 days of service. However, during war periods members are generally eligible after 90 days of service. In consideration of your status of service, loan applications can differ. Your VA regional office personnel can assist you with any additional eligibility questions.

After pre-determining your eligibility, the first step for potential borrowers is to obtain a Certificate of Eligibility (26-1880) before applying for a loan. At this juncture, you will need to select an accredited VA loan specialist who will assist you in moving forward in the loan process which includes accessing and submitting this eligibility form online.

Step Two: The Pre-Approval Process

Before embarking on step two of the VA loan process, it is crucial that you have pulled your credit report in advance with all three credit reporting agencies to see where you stand with your FICO credit score. You should thoroughly examine the report for any errors and/or identity theft, taking care of any such issues beforehand. Although Veteran’s Affairs does not require a minimum score for a VA loan, most lenders have internal requirements, asking for a credit score of 620 or higher.

After you have completed this important task, you will provide this information to your VA loan specialist. They can answer any questions that you have and help you with determining the loan amount you are eligible for through a pre-approval process. The pre-approval process is required by most realtors before working with you to find a home. It serves to give you piece of mind and a price range that you can afford based on a pre-approved amount.

To obtain a VA loan, the law requires that:

• The applicant must be an eligible veteran who has available entitlement.

• The loan must be for an eligible purpose.

• The veteran must occupy or intend to occupy the property as a home within a reasonable period of time after closing the loan.

• The veteran must be a satisfactory credit risk.

• The income of the veteran and spouse, if any, must be shown to be stable and sufficient to meet the mortgage payments, cover the costs of owning a home, take care of other obligations and expenses, and have enough left over for family support.

Your experienced VA loan specialist will be able to further discuss specific income and other qualifying requirements. According to the VA Loan Quick Guide, the VA loan limits generally do not exceed $417,000 (exception in maximum limits with VA Jumbo loans in designated High Cost counties – calculations can vary).

Step Three: Decide on a Home & Make an Offer

Select a realtor to work diligently with you to find your desired home. After finding the home based on your personal and financial criteria, you will make your offer. The offer should not be too low or too high, as you want to stay ahead of the pack in bidding but not risk overpaying for the property. After making the offer, you will be required to place a deposit down ($500.00 is customary) on the property.

In placing your offer, be aware that there are certain fees such as brokerage and lender fees, commissions or buyer-brokerage fees that the seller may have to absorb as they are disallowed by the VA to be charged to the veteran buyer. This amount may need to be factored into the offer/purchase price to be acceptable to the seller.

Step Four: Signing the Purchase Agreement

It is recommended that two contingency provisions: 1) upon financing and 2) upon inspection, are inclusive or amended to the purchase agreement. Fact: A “pre-qualification” letter does not necessarily guarantee financing so you must be covered in the event that it does not go through. However, if you have proceeded as directed in Step Two and you are “pre-approved,” you should be fine. The pre-approval process is a more extensive check performed by your VA loan specialist on your financial background and credit rating. After completion, your lender will provide a conditional commitment on the amount of your loan.

A home inspection can be a critical contingency provision, giving you the option to back out if repairs are costly and substantially decrease the fair market value of the property. Fact: VA fee appraisers are not required to step on the roof for inspection nor do they have the specialized knowledge that a certified home inspection can provide.

The VA appraiser’s job is to ensure that the home lives up to minimum property requirements. He/she establishes fair market value for the home and a Certificate of Reasonable Value is issued. However this VA appraisal does not take the place of a detailed inspection of the property. Although optional, it is highly recommended that your offer be contingent upon a detailed home inspection.

Step Five: Offer Accepted

Contact your lender immediately and let them know that your offer was accepted. Congratulations! You are on your way to homeownership! If you have not done so already, you will need to provide the last two or three years of tax returns, pay stubs and bank statements. He/she will help you complete your application and submit it to processing and approval.

Subsequently, the lender will order a VA appraisal and the certified home inspection. Your VA loan specialist will complete the appraisal and perform a complete review and verification of your credit, income and assets to give a “clear to close.” This will initiate the date, time and place where you will close to sign all necessary documentation to have the title transferred to you.

Step Six: VA Funding Fees

The VA funding fee is an essential component of the VA Home Loan Program. This basic one-time funding fee must be paid to the VA by all but certain exempt veterans. First time users of the VA loan benefit program with no down payment requires a 2.15% fee. A down payment of at least 5 percent but less than 10 percent requires a 1.5% fee, and a down payment of 10% or more requires a 1.25% fee.

For subsequent users of the VA loan benefit, no down payment requires a 3.3% fee and a down payment of at least 5 percent but less than 10 percent requires a 1.5% fee. And a down payment of 10% or more requests a 1.25% fee.

The category of Reserves/National Guard first time users with no down payment requires a 2.4% fee. A down payment of at least 5 percent but less than 10 percent requires a 1.75% fee, and a down payment of 10% or more requires a 1.5% fee. For subsequent users for the category of Reserves/National Guard, no down payment requires a 3.3% fee. A down payment of at least 5 percent but less than 10 percent requires a 1.75% fee, and a down payment of 10% or more requires a 1.5% fee. The funding fee may be paid in cash or it may be included in the loan.

The following persons are exempt from paying the funding fee:

• Veterans who would be entitled to receive compensation for service-connected disabilities if they did not receive retirement pay.

• Veterans who would be entitled to receive compensation for service-connected disabilities if they did not receive retirement pay.

• Surviving spouses of veterans who died in service or from service-connected disabilities (whether or not such surviving spouses are veterans with their own entitlement and whether or not they are using their own entitlement on the loan).

More good news! Unlike FHA and conventional loans (with less than 20% down), VA loans do not require mortgage insurance.

Step Seven: Approval & Closing

If your lender is authorized for automatic processing under VA’s Lender Appraisal Processing Program (LAPP), upon receipt of the VA appraised value determination the loan can be approved and closed without waiting for VA review. For loans that must be further reviewed by the VA, the lender will send the application to the local VA office, which will notify the lender of its decision.

After receiving VA approval, you (and your spouse) will attend the loan closing. Your lender or closing attorney will go over the terms of the loan and its requirements and where and how to make the monthly payments. You will sign all necessary documentation and the property will be then be transferred to you. You have completed the seven steps to getting a VA loan and are now a homeowner!

VA Loan Program Benefits – Now and in the Future

The VA loan program is effectively the U.S. governments’ and the American people’s way of saying “thank-you” to those who are actively serving or have served in the military. The benefits of the VA loan program extend beyond getting a home loan, as they can also be used for refinancing and fixing up an existing home.

Another advantage of a VA loan is in the assistance offered to borrowers who might be struggling. If the borrower of a VA loan cannot make their mortgage payment, the VA will negotiate on behalf of the borrower. They have a dedicated nationwide staff committed to helping veterans who are experiencing financial difficulties. These financial counselors can help borrower s negotiate repayment plans, loan modifications and other alternatives to foreclosure.

We are keenly aware that many of our troops will be returning from overseas in the near future and that there are veterans who have served our country in the past now looking for a home. Be assured that VA accredited lenders are honored to work on your behalf, in financing your home and the bright future that you and your family so richly deserve.

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Hunt For More Associates of $95M BTC Finiko Ponzi

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Hunt For More Associates of $95M BTC Finiko Ponzi
  • Russia issues arrest warrants for 3 more associates linked with Finiko ponzi
  • All wanted associates suspected to be hiding in foreign nations
  • Suspects to be hiding majorly in Turkey and United Arab Emirates

The Finiko ponzi scam has created such a hustle and bustle upon the nation, such that Russia is constantly in pursuit to nab all responsible and accountable for it. In spite of this, just a few days back the Russian police arrested Ilgiz Shakirov, the vice president of  Finiko, in Tatarstan.

Despite the arrest of the vice president of the fraudulent scheme, the Russian government is constantly in pursuit of all the associates in relation and responsibility. 

Accordingly, the jurisdiction of Tatarstan has officially granted arrest warrants for three prime members and associates of Finiko. Also, previously the Supreme court of Tatarstan has denied the appeals against the arrest warrant of these three associates.

The Three Wanted

Furthermore, the three associates who are now wanted are, Marat Sabirov, Edward Sabirov and Zygmunt Zygmuntovich. These three are said to be close associates and in direct link with the mastermind criminal founder of Finiko, Kiril Doronin. Also, it’s well known that Kiril Doronin was arrested in the month of July, 2021.

Moreover, the three convicts are said to have fled to foreign nations, out of Russia. In addition, upon further investigations, the three convicts are suspected to be at present in the United Arab Emirates, Turkey and Georgia respectively. 

However, the Russian police are extremely keen on hunting down and arresting all the three. Also, at present their primary target is said to be Zygmunt Zygmuntovich. This is because he’s the right hand and closest associate to Doronin.

Crypto Scam History of Russia

As each day passes, the value of money being scammed upon the crypto industry is obviously on the rise. And so, Russia proves to be one of the topping nations in this list. 

Accordingly, recent data shows that this Finiko ponzi is one of the most profuse and large crypto scams in Russia. 

Besides, apart from Russians, many other nationals have also invested and lost their assets upon the Finiko ponzi scam. This includes investors from countries neighboring and overseas, like Kyrgyzstan, Kazakhstan, Germany, Hungary , Austria and the U.S.

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What is Solana? — Deep Dive in Solana Ecosystem

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What is Solana? — Deep Dive in Solana Ecosystem

Over the years Solana (SOL) has been doing a great job in developing its ecosystem. Moreover, Solana offers a secure, fast, and censorship-resistant blockchain enhancing an open ecosystem needed for global adoption. For this reason, investors are curious to grab Solana tokens. In addition, Solana is one of the widely chosen platforms developing Decentralized Finance (DeFi), Web3, and blockchain gaming which can process about 50,000 transactions per second.

What is Solana?

Solana (SOL) is a digital asset token based on blockchain technology. The platform founded in the year 2017. Solana seeks to offer solutions to the traditional issues which faced by Bitcoin and Ethereum blockchain.

Moreover, the Solana network utilizes proof of history consensus. Notably, this technology enhances the network to develop records. These records can used to track and prove historical events.

Solana tech team, the crew is backed with experienced professionals from top organizations like Apple, Qualcomm, Intel, Google, Microsoft, Twitter, Dropbox, and more. With this, we can say that Solana is really competitive in developing groundbreaking technologies.

Solana Market Status

Solana (SOL) is one of the cryptocurrencies that took the crypto market by storm when it smashed the ATH price of $214.96. Its network’s native token is SOL.  Specifically, this crypto has seen great moves since the early days of the year. In fact, SOL successfully nailed a huge growth rate of over +8,500% in the past 12 months. 

Currently, SOL holds the 7th position on CoinMarketCap. The SOL price is trading at $162.67 with a 24-hour trading volume of $4,592,073,834, at the time of writing. SOL can trade on exchanges such as Binance, Coinbase, Huobi Global, and many more.

Solana Ecosystem

Solana (SOL) is one of the digital assets that took the crypto market by storm. Now let us deep dive into the Solana ecosystem.

Solana Ecosystem (Source: Twitter)

1. AMM

Serum developed a decentralized exchange with an on-chain order book. This order book developed using Solana, a fast and cheap blockchain. This new paradigm offered a huge chance to address DeFi’s significant problems.

It creates an AMM that could utilize the current Serum order flow and provide liquidity to the rest of the ecosystem.

Raydium:

It is an AMM and liquidity provider for the Serum Decentralized Exchange based on the Solana blockchain (DEX). In addition to providing on-chain liquidity to a central limit orderbook, Raydium is unique among AMMs.

Orca:

As one of Solana’s first general-purpose AMMs, It allows users to exchange assets, offer liquidity, and earn interest. Orca is Solana’s easiest DEX. It aims to make DeFi accessible to everyone with simple and efficient financial solutions.

Saros Network:

It’s a mineable masternode coin—a fork of Dash. The currency adds anonymity, security, and speed to the network. Using the X11 algorithm, Saros network launches a successful and helpful network for the crypto community.

Saber:

A reliable cross-chain stablecoin on Solana, Saber. To keep liquidity providers capital-efficient, Saber allows minimal slippage trading at significant volumes. Recently, Solana-based Saber raised $7.7M to expand the team and tokens.

Mercurial Finance:

Mercurial vaults provide steady minimum slippage swaps while boosting LP profitability via dynamic fees and allocation of capital.

SenSwap:

SenSwap is a Open Liquidity Protocol for Token Swap on Solana aims to eliminate technological obstacles and make AMM more accessible. The pool is no longer divided into two tokens.

Cyclos:

They may choose the price ranges where their liquidity is active. Larger orders may executed at a better price by establishing the depth of liquidity around the anticipated market price.

HydraSwap:

HydraSwap is an intelligent, multi-module, cross-chain DEX based on the speedy Solana chain. An HMM core, cross-chain technology, and multi-module solid components support it.

2. Orderbook

Serum: The unprecedented speed and cheap transaction costs are brought to decentralized finance via DEX. Serum is Solana-based and is completely permissionless.

Dexlab:

Dexlab has a token minting lab, a launchpad, and a dedicated DEX for all listings, making it easier to launch on Solana. Recently, the price of Dexlab surged, showing a bullish trend. 

SolAPE Finance:

It offers a new perspective on Decentralized Exchanges inside the Solana Ecosystem. SolAPE Decentralized Exchange (DEX) allows new projects inside Solana to list their tokens and trade the biggest market cap coins.

Open Serum: A Solana-based Project Serum DEX. Open Serum is a decentralized exchange with the speed and ease of DeFi while being transparent.

Samoyedcoin:

Samoyedcoin ($SAMO) is Solana’s community-owned meme coin. It seeks to expand Solana’s ecosystem by appealing to users outside its core of high-tech currencies. A fun coin to trade, Solana’s blockchain offers all the benefits (scalability, speed, cheap costs).

Slope Funding:

The slope is a Solana-based decentralized exchange. Slope Dex is a decentralized automated full limit orderbook, the first Serum-based smartphone app. Built for, and hosted by, the community.

Cryptocurrencies.ai:

Aldrin’s goal is to make DeFi simple and create powerful tools for all traders. Aldrin is now Cryptocurrencies.Ai (CCAI) (RIN). Professionals will appreciate the live decentralized exchange and future centralized exchange since it offers pros that utilize unique capabilities.

3. Solana Lending/Borrowing 

The existence of a middleman is one of the main problems with centralized institutions. Aside from needless verification, these numbers frequently cost both parties additional money. DeFi steps in here. Decentralized lending systems provide loans directly to companies or individuals.

Oxygen:

It is a DeFi prime brokerage service powered by Serum’s on-chain infrastructure for the future. Oxygen  is built around Pools or baskets of assets that function together.

Parrot:

Bridging assets from ETH DeFi to Solana imposes an opportunity cost for consumers. The Parrot protocol seeks to utilize collaterals to create synthetic assets as debts.

Solend:

Solend is a decentralized borrowing and lending system based on the Solana blockchain. DeFi can replace the global financial system; however, specific problems exist.

Port Finance:

Port Finance is a lending protocol that seeks to offer variable rate, fixed-rate, and interest rate swaps. The main contributors are a tight-knit group of engineers from Google, Facebook, and Microsoft who worked on Serum and Solana.

Jet Protocol:

Jet is a decentralized borrowing and lending system based on Solana. To add, Jet will provide customers with faster and cheaper transactions.

Acumen:

Based on the Solana blockchain, the Acumen protocol allows open financial apps to determine interest rates algorithmically.

Larix:

Larix is the ultimate loan gateway. The well-constructed interest rate mechanism rewards both borrowers and lenders with Larix tokens.

Ratio Finance:

Ratio Finance allows Solana users to earn interest, take out collateralized loans, and maximize their financial potential, all through a user-friendly interface.

Apricot Finance:

Apricot Finance wants to capitalize on Solana ecology development by creating a unique initiative to become the DeFi industry standard by acting as a decentralized lending system.

Zero Interest:

A fast, secure, and censorship-resistant blockchain, Solana provides access to the open infrastructure needed for the worldwide adoption of ZIP. The Zero Interest Protocol is built on Liquity’s excellent concept for zero-interest loans.

Everlend:

Everlend is a decentralized cross-chain lending system based on Solana. Users may either lend money or give it. They will no longer need to worry about their portfolio, best bargains, and different calculations/scenarios.

4. Derivatives

Mango Markets:

The Mango Markets DEX provides spot and futures trading on-chain. It is also a lending platform, drawing liquidity from its pools and Serum, another Solana-based exchange.

Synthetify:

It is a decentralized system for creating and exchanging synthetic assets. Synthetify is a Solana blockchain-based platform that allows for the production and burning of synthetic assets.

Hedgehog:

In addition to trading on over 130 cryptocurrency exchanges, Hedgehog allows users to monitor their assets and learn about cryptocurrency. It replaces spreadsheets with real-time data from over 130 exchanges and 1000+ coins.

Drift Protocol:

Drift wants to put centralized exchanges’ trader-centric experience on-chain. An expert team from DeFi and traditional finance is working together to make this a reality.

Sypool:

You may create, manage, and trade your portfolio tokens using Sypool’s synthetic asset management system. This is another invention that brought money on-chain.

Digital Asset:

The tokenized eco-system includes digital assets AG. It will deploy its tokenized stock system on the Solana blockchain.

FABRIC:

FABRIC uses the Solana Ecosystem and the Serum DEX GUI to trade FAB. To use any synthetic asset, it must be backed by FABRIC tokens (FAB).

Plutos Network:

Plutos Network, a multi-chain synthetic investment hub built on multi-chain architecture. With Solana, it will be easier to scale its Synthetic Issuance and trading platform.

5. Options

Zeta:

It is the first under-collateralized platform based on DeFi choices allowing users to hedge risk against market movements. Zeta is the first under-collateralized platform based on DeFi choices allowing users to hedge risk against market movements.

PsyOptions:

PsyOptions is a system based on the Solana blockchain in an American style. Flexibility and composability are the concepts that drive the design and development of the core protocol.

UNK Finance:

UNK Finance is a market for on-chain options on Solana. We may establish call contracts backed by Bitcoin and Ethereum and stacked by providers of liquidity.

01:

01 is a decentralized derivative that helps create genuinely autonomous contracts, immediate liquidity, millisecond transaction speeds, and cheap costs across DeFi.

6. Aggregator

SolFarm:

SolFarm is Solana’s first yield aggregation platform with self-assembly vault methods. The Dapp is intended to use Solana’s low-cost, high-efficiency blockchain, enabling vault techniques to compound regularly.

Sunny:

Sunny is a Solana-driven composable DeFi yield aggregator. The Sunny Protocol has been built as a fundamental component with composability, allowing other apps and protocols to make it easier.

SolYard:

SolYard is a new Solana Ecosystem Yield Farming Aggregator. SolYard offers methods to improve your Solana crypto assets.

Francium:

Francium is a unique Solana-built leveraged yield aggregator. It provides consumers with high APY via various community strategies.

OpenOcean:

OpenOcean is the first complete aggregator of DeFi & CeFi. It finds the best price and lowest slip for traders using an advanced routing system that is thoroughly optimized.

1Sol:

1Sol is a decentralized Solana DEX cross-chain aggregator that enables DeFi’s most smooth, efficient, and secured activities. With DeFi’s fast-growing infrastructures, highly demanded aggregators, and future cross-chain transactions, 1Sol created in Solana.

DAGG Trade:

DAGG Trade offers the finest protocol for the DEX aggregator, built for the Solana blockchain. These are Solana liquidity aggregators, which aggregate the exchange rates of several DEX platforms (Serum, Orca, and forthcoming Sushi).

Apollo:

Apollo seeks to combine the desire to make Terra’s yield stronger. Initial UI images indicate that vaults will be available with UST and ANC, MIR, and mAssets, but it appears evident that this is just the start of the Apollo team.

7. Asset Management

Solrise:

Solrise Finance is a Solana-built decentralized and non-custodial asset management platform. It enables anyone to establish or invest in a $20 fund.

Symmetry:

Symmetry facilitates the creation and investment of bespoke crypto indexes. Users may build their index using Symmetry or buy an index produced by someone else.

Step Finance:

Step Finance is Solana’s front page. Visualize, analyze, execute and combine transactions in one location across all Solana contracts.

Stacked:

Stacked Crypto is the investing platform for cryptocurrencies. Manage your assets and invest in pre-developed portfolios and strategies of top hedge funds and traders immediately.

Laguna Finance:

It offers customers access from a single platform to the finest investment possibilities in the Solana ecosystem. Laguna Finance develop, combine and capitalize on DeFi’s unique composability to provide the consumers the greatest yield possibilities.

8. Launchpad

AcceleRaytor:

AcceleRaytor Is a Raydium effort to expand the Solana Ecosystem. It will allow Solana initiatives to obtain funding and initial liquidity in a decentralized and interoperable way. Initially, each AcceleRaytor launch project will include two kinds of pools: Community Pools and RAY Pools.

Solstarter:

Solstarter is Solana’s initial IDO platform. It enables launchpad projects to increase liquidity and in a decentralized manner fairly. Solstarter ensures fair distribution and is entirely decentralized. Solstarter determines guaranteed allocations for each pool member depending on tiers.

Solanium:

In addition to the launchpad, the platform features DEX UI and staking. Solanium adds inline wallet administration to any linked wallet.

The platform allows users to see token balances, send and receive tokens, and manage token accounts. xSLIM may be obtained by staking SLIM tokens.

Solpad:

It is Solana’s first Multichain IDO platform. It provides a decentralized platform for initiatives to raise funds. Solpad is based on Solana, but its reach extends to other blockchain ecosystems.

 Incubated projects on SolPad will automatically list on SolSwap. It was designed to link Solana and other blockchains.

Solster:

Solster Finance is a decentralized financial ecosystem that assists investors. A platform with guaranteed participant token distribution. It is an ecosystem to help diversify investors’ decentralized funds (DeFi).

Boca Chica:

HAPI’s Boca Chica is a cutting-edge IDO platform on Solana. The HAPI team recognizes the value of Solana’s blockchain and its potential to become the most important blockchain network.

Because of the close relationship with Solana, Boca Chica token may only be purchased through the Solana Staking Reward system.

OxBull:

OxBull is a new Blockchain startup incubator based on Binance Smart Chain. Moreover, OxBull wants to offer the advantages of blockchain to the broader community by facilitating access to blockchain enthusiasts.

Solcubator:

With the Solcubator community’s help, projects may raise funds in a safe and decentralized manner while investors can navigate the chaotic terrain to enjoy the rewards of a developing ecosystem.

9. GUI

Bonfida:

Bonfida connects Serum, Solana, and the user. With Solana Data analytics, it is the flagship Serum GUI. Bonfida API has witnessed a 25% increase in queries from major market makers in the last week.

It aspires to be a single data truth source in the cryptocurrency sector. Bonfida additionally handles a range of data aggregation and visualization.

10. Gaming/NFT

Non-Fungible Token is the recent trend in the digital world and has set a great impression for the gaming industry. This impeccable technology has the potential to strike the attention of internet users globally. It is capable of converting video gaming into NFTs using the concept of metaverse.

Significantly, Solana has many projects on the list to build virtual gaming experience for the users. One such project is ATLAS which is paving the way for the future generation of gaming platforms. The world is about to witness the evolution of technology into the gaming industry in the near future.

Star Atlas is a blockchain-based, space-themed video game which is built in the Solana blockchain. It is the next generation gaming metaverse where users can play, create and learn with other players globally. Moreover, Players on the Star Atlas metaverse can trade, obtain and create NFTs .

ATLAS is set to be the platform’s native token which will be empowering the economy of the entire metaverse. Whereas, POLIS is the governance token in the Star Atlas metaverse. Thus it will allow the POLIS holders to influence the decision-making of the development team.

Another project from Solana is OpenEra. OpenEra is a MMORPG which is built on the Solana blockchain and powered by Serum. The story behind OpenEra is to create a virtual place where players live, create and explore. Aurory is another gaming project which is powered by Solana and Serum. This platform operates with the concept of “Play-to-Earn”. Aurory allows players to earn while they play and the platform wants the gamers to know the blockchain uses in entertaining and educating perspect.

Next project is DeFi Land which is a web-game invented to gamify decentralized finance (DeFi). The major goal is to interact with DeFi via gaming experience.  COPE is next on the list which is minted on the Solana blockchain and most of its supply will be available in Solana. Then followed by All Art created by the team VR-All-Art, which is the protocol that provides constant liquidity of NFTs. All Art allows NFTs to be traded indefinitely, just like other crypto tokens, with constant liquidity provided by a new type of AMM liquidity pool.

Then comes Metaplex on the list which is built on Solana Blockchain. Besides it is for creating and minting NFTs in a way via wallets and apps. The other project Degenerate Ape academy is a collection of NFTs which is running on the Solana blockchain network. Degenerate Ape platform allows participants to exchange digital artwork collectibles. Through the sale of Degenerate Ape, Solana entered the million-dollar NFT club. 

Significantly, Solana is a part of the growing NFT ecosystem in the market. One such NFT is Kaiju Cards which is a NFT game built on the Solana network. Kaiju Cards provides dynamic NFTs and an environment for players to use it. The platform marches towards the growing next generation NFT technology related to games.

As a matter of fact, there are numerous NFT marketplace where users can trade, buy and sell NFTs. Likewise, Solana’s Sollectify is a creator-centric NFT marketplace where users can buy, sell, and trade NFTs in the platform. Another NFT marketplace is Solanart which is the first NFT marketplace on Solana. Solanart platform allows users to access different digital collectibles and explore them. Then comes Solsea which is an open NFT marketplace on Solana. Solsea enables creators to choose and embed licenses in NFTs.

11. Social Platforms

The first application on the list is MAPS, it is the world’s leading offline navigation app with 100 million users globally. Maps are a great companion for travellers as well as it is a wallet where users can exchange money with no hidden fees.

The next platform is Media Network which is a new protocol that avoids the centralized approach of traditional CDN providers. Media Network is a peer-to-peer content delivery network that is a highly scalable and community-governed CDN. Then comes the music streaming platform “AUDIUS”. It is one of the well-known platforms in the crypto market from the Solana foundation. Audius is a high-quality music streaming application where content creators can upload their tracks and share the music globally.

Followed by Only1, which is a NFT-powered social engagement platform developed on Solana. Only1 platform enables users to buy and sell NFTs from any favourite creators. Moreover, the next app on the list is GRAPE protocol. It is a protocol for creating token-based membership communities on Solana. $GRAPE uses the power of Solana to create, reward, and secure online communities.

The most comfortable platform for messaging is Satellite.im. It is a messaging app with end-to-end encryption built on Solana and IPFS. Satellite.im uses serverless technology without sacrificing quality. Followed by an online dating app ‘SolDate’ which is also built on Solana. SolDate is a secure platform which enables users to search for a partner and its native token is $DATE. $DATE will enable users to explore blockchain in a simple and fun way.

However, Solana has many platforms which ensures security and protection. It is created with a mission of providing easy access to their users and reaching millions of users globally. Solana has developed applications for all kinds of usage digitally. 

12. Oracle

Oracles are a major component of DeFi infrastructure that allows smart contracts to mingle with the real world. Many solutions have focused on financial and time series data instead of generalizing to all types of data. Solana blockchain contains two oracle Pyth networks and Switchboard

Pyth Network:

The Pyth Network is a decentralized data oracle that launched on the Solana blockchain. It is an oracle that builds a bridge between a blockchain and real-world data. The Pyth network will support DeFi projects on the chain. Pyth will gather data from conventional markets as well as for cryptocurrencies and crypto assets, and aggregating the data on the blockchain which will utilized for other crypto projects such as smart contracts.

Accordingly, the data provided by Pyth will be more accurate. Therefore, the price will be updated on Solana every 400 milliseconds, this very quicker compared with Ethereum oracle which updates prices on the network only every 10-15 seconds.

More so, the Pyth network will connect high-fidelity, time-sensitive, real-world data with deFi applications, and this will play a major role in the industry’s evolution.

Switchboard:

Switchboard is building a platform that curates the oracle ecosystem on Solana. The main goal of Switchboard is to provide censorship-resistant access to all forms of data on-chain. Switchboard creates a market of curators incentivized to organize different and unique off-chain data sources and publishers to decentralize quantitative data feeds.

Switchboard provides a much broader set of data providers and customers to choose what they would like to see on-chain. Solana will become one of the quality destinations for developers building high performance

13. Bridge

Solana has disclosed cross-chain bridges such as Allbridge, Swim protocol, Wormhole, Synapse protocol that will allow users to transfer assets easily.

Allbridge:

Allbridge is a decentralized, modular, and expanding token bridge with on-chain consensus. It is the easiest and modern way to transfer assets between networks. The most important aim of Allbridge is to expand the blockchain world and provide a tool to freely move assets between networks.

Allbridge is going to bridge the Impossible Finance (IF) token from Binance Smart Chain (BSC) to Solana, adding it to the borderless list of the supported token.

Swim Protocol:

Swim protocol neglects the need for wrapped assets on one chain to a native asset on any other supported chain. This is done combining the ideas produced by existing stable asset AMMs with Wormhole’s bridging technology.

The Swim protocol aims to create a fast, flawless experience that links between smart contract chains, also creating a network of native asset pools on multiple chains through which users can swap flawlessly from one chain to another without using wrapped assets.

Wormhole:

Solana introduced Wormhole, a secure and decentralized bridge that connects Ethereum to Solana. Wormhole allows surviving projects to move tokenized assets flawlessly and trustlessly across blockchains to benefit from Solana’s high speed and low cost. A wormhole opens a quicker way for non-native belongings to enter Solana’s decentralized finance (DeFi) ecosystem.

Synapse Protocol:

14. Staking Pool

A staking pool enables multiple stakeholders to combine their computer resources to improve their chances for reward. In other words, they join forces in the testing and validation of new blocks, so they are more likely to earn a reward for the block.

Marinade.finance:

Marinade.finance is a liquid staking protocol which is developed on Solana. Marinade provides users with the easiest way to stake their tokens. Users can stake SOL tokens using automated staking strategies without lockup period. Thus the platform allows users to enjoy automatic compounded rewards. Consequently, the other staking pool is Socean. 

Socean:

Socean is a 100% transparent, algorithmic, and decentralized stake pool for Solana blockchain. Moreover, the Socean stake pool offers SOL holders the opportunity to participate in DeFi and earn rewards.

Socean is fully transparent is developed with a real-time dashboard. Users can monitor where their stake $SOL is going or can identify with whom they stake. Furthermore, this staking pool is fair and decentralized with a strong staking strategy.

15. Wallet Extension

The primary use of crypto wallet is friendly-access. It is an application that stores our tokens and users can send or receive and can track ownership of cryptocurrencies. The wallet has navigation where users have easy access to trade or store digital-assets. Wallets offer different solutions and approaches to transact or interact with the tokens. It works in an encrypted method where users can use a wallet to transact or receive addresses in a secured way. Solana supports a wide range of wallets, allowing you to strike the balance of safety and reliability.

Wallet extensions offer users easy access to the wallet via browser with wallet information. 

Coin98:

Coin98 is a  non-custodial crypto wallet which supports the Solana Network’s SOL and SPL tokens. Moreover, the wallet offers payment gateway features to its users. Significantly, the next wallet on the list is Phantom. 

Phantom:

It is a friendly digital wallet developed on Solana for DeFi and NFT. This platform offers easy access for users where they can store, receive, collect, send, and swap tokens on Solana Blockchain. Phantom enables users to interact with blockchain-applications directly from web browsers. Moreover, it is a non-custodial wallet and the platform focuses on sending and receiving NFT collectibles in a secure way. 

Sollet:

Sollet, a web-based crypto wallet that allows users to manage digital assets on the Solana blockchain in a secure manner. It is an open-source wallet for users and developers where they can send and receive SOL and SPL tokens. The other multi-chain wallet on the Solana blockchain is Math wallet. Even more, it is a multi-chain and cross-chain assets hub that supports more than 60 blockchains. 

Math wallet:

Math wallet offers Math DApp Store, MathStaking, Math Custody, Math NFT, Math Chain, Math Hub, Math DEX, Math ID, and Math Pay. Furthermore, this app is available in both Apple Store and Android Play Store, so users can download the app to interact with the Solana network.

Solong wallet:

Solong wallet is a one place wallet where users can manage all your Solana assets. Thus users can send, receive and interact with SOL tokens. However, wallets are a key component to manage collection of tokens in a user-friendly way.

Sonar:

Sonar is employed to trace Yield Farming and Liquidity Pool performance on the Solana platform. In addition, Sonar dashboard will survey the Solana blockchain and shows collection statistics from the Serum or Orca or Radiyum pools and Radiyum farms.

Apeboard:

A cross-chain DeFi dashboard, Apeboard, is used to observe the portfolio balances over DeFi protocols. Moreso, Apeboard also supports various protocols on Solana.

Serum Pulse:

Serum Pulse is the top analytics platform and inbuilt dashboard for market and staking the data for Serum and Solana platform

SolanaProject:

SolanaProject is a weighted index that traces the performance of decentralized financial (DeFi) assets over the market. It will display all projects that build on Solana

Solscan:

Solscan is the user-friendly scanning tool that is available on Solana Ecosystem. More so, Solscan is utilized to look for the entire transaction history which includes the transfer of tokens and the performance of the contract.

Synchrony:

Synchrony brings the best tools together and performs the traditional and decentralized finance space into a solution. Moreover, Solana is the most scalable blockchain so synchrony builds on Solana.

Neon Labs:

A blockchain software company, Neon Labs is utilized to make it easier to port Ethereum applications to the Solana blockchain. Therefore the Ethereum developers will soon be able to deploy their applications to Solana.

LIQ Protocol:

LIQ Protocol is a decentralized liquidation engine that built for Serum decentralized exchange (DEX) margin markets on the Solana platform.  It will enable liquidity through its engine to manage liquidation for Solana-based borrowing projects.

Solanatip:

Solanatip is a Google extension that utilizes sollet.io and encourages users to provide a small number of cryptocurrencies to tweets. Furthermore, it will enable users to give and receive tips on Twitter, all the credits will go to the Solana blockchain and its Name Service

MetaSol:

Metasol, a meta transaction protocol that encourages users to transfer Solana Program Library (SPL) tokens without holding Solana (SOL) on Solana blockchain.`

P2P Validator:

P2P Validator offers secure staking, so it will allow the investors to compound their cryptocurrency investment.

QuickNode:

QuickNode is a Web3 developer platform that will guide the user to build and operate blockchain-powered applications (dApps).

Bitquery.io:

Bitquery is a collection of software products that store, parse and index blockchain data in a unified way. Bitquery offers APIs, Dashboard Analytics, Explorers, and widgets.

GenesysGO:

Blockchain Service Provider GenesysGO provides robust and secure infrastructure, to facilitate blockchain developers and operators the performance they need

Boring protocol:

A decentralized Virtual Private Network (VPN) that builds on Solana is Boring Protocol. It provides an economic incentive for node providers with transparent programs to secure network users

17. Others

HXRO:

A cryptocurrency platform that provides perpetual, time-based digital derivatives markets is Hxro. More so, it provides an easy and simple way to interact with the crypto market and traders get an alternate way to express a view on price, hedge risk, and trade digital assets.

Burnt Finance:

Burnt Finance is developed to prove that physical artwork values can channeled into an NFT. Even more, it is a decentralized auction protocol powers the Solana blockchain but created on the injective protocol

Steaking:

Steaking makes staking simple, easy, and secure. It allows users to stake Solana more easily and simply.

Solstake:

Solstake makes staking on Solana easier. Users can stake SOL, manage accounts and earn rewards just in a single app.

Rope Official:

ROPE is a next-generation, full-scale decentralized ecosystem that brings the famous and well-known market volatility index to the crypto market.

Lava Cash:

A decentralized privacy preservation protocol built for the Solana blockchain is Lava Cash. It was the first privacy-preserving smart contract on Solana.

Solar system:

The solar system is the one-stop platform for discovering projects, maintaining track of news, and buying merchandise on the Solana Ecosystem.

Solana.bet:

Solana. bet is a decentralized sportsbook settlement on Solana

Fluidity:

Fluidity allows assets based on Solana to convert into a Fluid version. It is a Solana grant recipient and it will launch on Solana and Integrate Defi protocols that are based on Solana.

SolLotto:

The first decentralized pooled giveaway platform built on Solana is SolLotto. It plans to operate several pooled giveaways compatible with several SPL tokens, providing the convenience of entry to members of the Solana network.

Summary

Solana has a fantastic ecosystem which indicates the growth of the platform. Solana is normally called the ‘Ethereum Killer’. 

Moreover, adoption is one of the big challenges for Solana’s long-term prospects. Furthermore, the growing adoption of the crypto industry continues to increase, there will be enough space for digital assets such as Solana, Ethereum, and others. 

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Bitcoin Holders Take Profits, Indicators Remain Bullish?

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crypto weekly market analysis

Without consensus on its implications, the Evergrande potential default has impacted the traditional market, and Bitcoin. The first cryptocurrency by market cap started the week with a correction with risk to trend further down.

At the time of writing, Bitcoin trades at $43,462 with a 9.1% and 6% loss in the daily and weekly chart, respectively.

BTC on a downside trend in the daily chart. Source: BTCUSD Tradingview

Bitcoin Holds On To Critical Support

Pseudonym analyst IncomeSharks claimed that Bitcoin could be at the beginning of a correction. The analyst looked at BTC’s On Balance Volume (OBV), a metric used to measure momentum.

Related Reading | Bitcoin Price Sinks 10% As Market Braces For Macro Storm Ahead

As seen below, Bitcoin has been moving sideways on its OBV since it moved to the upside at the end of July. This coincides with BTC breaking out from its former range, and its current price action.

Bitcoin BTC BTCUSD
Source: IncomeSharks via Twitter

If Bitcoin break to the downside on its OBV, bulls could face hurdles on their attempts to reclaim previous highs.

In the meantime, the $40,500 to $43,000 will operate as critical support, according to analyst Daan Crypto Trades with $50,000 still operating as major resistance. This analyst said:

BTC I’m seeing $40.5-50K approximately as a big range we’re in. We initially got rejected by the upper resistance area and now came back down. The entire 40.5-43.5K area should offer good support and I doubt we’d fall below that without much of a fight.

Bitcoin Indicators Favor The Bulls

Despite the current price action and the macro-economic elements that suggest more downside, Bitcoin seem to show strength on some of its fundamentals. Part of the reason for the crash, according to a Glassnode report, is some BTC holders taking profit on upper levels.

Since late July, the market has consistently realised net profits on the order of around $1B per day as prices rallied from $31k to over $52k. This suggests a relatively meaningful bid has supported the market on the way up.

An important metric that has favored the bulls is the amount of Bitcoin sitting on exchange platforms. Standing at a 13% of BTC total supply, a new multi-year low according to Glassnode, the metric has continued to trend downwards.

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

As seen below, the amount of BTC on exchanges returned to levels last seen in February 2018. This was followed by a period of consolidation before Bitcoin gather enough strength to score a fresh all-time high.

Bitcoin BTC BTCUSD
Source: Glassnode Insights

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5 Newly Added Crypto: C4G3, BLIZZ, FREE, PKD, BRIGHT

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5 Newly Added Crypto: C4G3, BLIZZ, FREE, PKD, BRIGHT
  • 5 newly added tokens: C4G3, BLIZZ, FREE, PKD, BRIGHT.
  • CAGE is a new decentralized meme revolution.
  • PetKingdom (PKD) was developed on Binance Smart Chain (BSC)

Crypto markets have been adding many new tokens to the crypto industry. Now let us see the 5 newly added tokens: C4G3, BLIZZ, FREE, PKD, BRIGHT.

1. CAGE (C4G3)

CAGE is a new decentralized meme revolution. It has launched its governance token C4G3. The team behind C4G3 aims to influence the marketing power of using memes and build products with them at the core. Henceforth, the foremost goal is to launch the Cage meme Index which will be used by the Cage network.

According to CoinMarketCap, the C4G3 price is trading at $0.01719, with a 24-hour trading volume of $474,743. In the last 24 hours C4G3 has dropped 5.99%.

2. Blizzard Network (BLIZZ)

The second newly added token is Blizzard Network (BLIZZ). Blizzard network is a yield accumulator that provides easy and simple farming options at the same time for users enabling some crypto trading experience. More so, on the Blizzard network, the BLIZZ token is utilized as a governance token.

At the time of writing BLIZZ price has surged 82.18 $ in the last 24 hours. According to CoinMarketCap, BLIZZ’s price is trading at $5.17 with a 24-hour trading volume of $577,553.

3. FreeRiver (FREE)

A Decentralized Exchange (DEX) on the MoonRiver blockchain is FreeRiver. FreeRiver also provides a portfolio management tool. The native utility token of FreeRiver is FREE.  

According to CoinMarketCap, FreeRiver price is trading at $18.66 with a 24-hour trading volume of $2,186,972. At press time, FREE has gained 35.60 in the last 24 hours.

4.PetKingdom (PKD)

PetKingdom (PKD) was developed on Binance Smart Chain (BSC). Players of PetKingdom can spend $PKD non-fungible token (NFT) to purchase incubators, so it will help to unlock the character. Furthermore, PetKingdom is a Non-fungible token (NFT) game that enables players to an entirely new level. In that, players can complete the tasks and join in battles to collect $PKD.

At press time, PetKingdom’s (PKD) price is trading at $0.2749. As per CoinMarketCap, the 24-hour trading volume of PKD is $497,503.

5. Bright Token (BRIGHT)

The last newly added token is Bright Token (BRIGHT). BRIGHT is the token behind a powerful community BrightDAO. More so, the best ways to allocate $BRIGHT are a fair drop and an ongoing fair distribution mechanism. Bright token (BRIGHT) can be traded in the crypto exchanges such as BKEX, Uniswap (V3), AOFEX, LBank, and BiBox.

Accordingly, as per CoinMarketCap, BRIGHT price is trading at $0.8569 with a 24-hour trading volume of $1,651,208, at the time of writing.

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Decentralized Role-Playing Game Nine Chronicles Launches Arena Season 0

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Decentralized Role-Playing Game Nine Chronicles Launches Arena Season 0

Nine Chronicles, a massive multiplayer online role-playing game (MMORPG) backed by South Korean blockchain company Planetarium and video game juggernaut Ubisoft is off to a flying start after launching Arena Season 0 on September 8th.

The inaugural season, called Yggdrasil: The Alpha Season, will run until approximately October 6th, (ending once block number 2,463,999 has been validated) and allows players to win their share of 896,000 NCG tokens in prize pools along with rare and exclusive NFTs that provide players with in-game utility and built-in value.

Why This Game Could Be the Next Big Thing in Blockchain-based Gaming

With a robust Discord community and a Twitter following of more than 36,000 people, Nine Chronicles is set to capture the imagination of MMORPG players and crypto enthusiasts alike. But that’s just one reason the game is likely to take off.

Just last month, Planetarium raised $2.6 million in venture capital funding from some of the top funds in the investing in the gaming sector to grow the staff of developers and continue building out the content for the game itself.

But of course, there is an even bigger reason Nine Chronicles is set up for success. It follows in the footsteps of Axie Infinity in offering players a chance to earn cryptocurrency and NFTs using its unique version of a play-to-earn model that will continue to evolve as the game matures.

It’s estimated that Axie Infinity has generated a whopping $485 million in revenue since July. With the incentives Nine Chronicles has in place for players and the fact that the value of in-game NFTs is directly connected to the size and passion of the communities around these play-to-earn games, the game could be the next to rock the crypto world and put value back into the hands of players rather than solely profiting publishers.

More about the Play-to-Earn Features behind Nine Chronicles’ Inaugural Season

Yggdrasil: The Alpha Season features four main rewards for players:

  • 448,000 NCG tokens split between all players who qualify for arena gameplay.
  • 448,000 NCG tokens split between the weekly top 500 players in the game.
  • Six mythical-grade costume Ruci character in-game NFTs and 34 legendary-grade costume Rui in-game NFTs.
  • 100 titles for top-tier arena players

How Players Can Qualify to Earn Rewards

The rewards offered during the first season of Nine Chronicles have the potential to be so massively valuable that the game takes off, but players do need to qualify to earn rewards by doing three things:

  1. Get to level 17 to unlock arena mode.
  2. Continue competing in the arena to get higher ratings for characters.
  3. Claim rewards through the Nine Chronicles portal.

Players can participate in a maximum of 20 available fights every single day. They need arena tickets to enter into battles. They can receive five tickets every six hours (or every 2,000 validated blocks).

The current architecture of the game does not allow for more at the moment but the plan is to allow for more arena tickets to be made available to players in future seasons.

Why the Future Value of the NFTs Could Skyrocket

The end-of-season rewards for Nine Chronicles players are both abundant, scarce, and potentially insanely valuable in the future, so the game covers every base.

All participants who enter the arena get to earn NCG tokens. Top 500 weekly players get to split the same share of tokens, plus the game rewards players who stake their NCG tokens throughout the season.

The rewards don’t just come in the form of more tokens, but a chance to mint one of 240 NFTs exclusive to the first season. That includes the chance at 1 of 9 Rui character NFTs.

To have an exclusive character that there are just nine of for a community that experienced an 850% growth in daily active users in the second fiscal quarter of this year means Nine Chronicles could see players playing to earn some insanely valuable rewards.

 

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Top 3 Crypto Tokens on Fire Now

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Top 3 Crypto Tokens on Fire Now
  • The top 3 crypto tokens on fire now are GALA, TRX, KIRO.
  • GALA is the utility token of the Gala Games Ecosystem.
  • TRON uses delegated proof-of-stake consensus mechanism.

In the crypto market, the top 3 crypto tokens on fire now are Gala (GALA), TRON (TRX), and Kirobo (KIRO)

1. Gala (GALA)

GALA is the utility token of the blockchain gaming project, Gala Games ecosystem. More so, Gala Games seems to be one of the best performing cryptocurrencies. GALA tends to use emerging trends in the blockchain industry, so the players in the Gala Games can experience more control over the trending and popular things in the gaming industry. Players of Gala Games can own non-fungible tokens (NFTs).

According to CoinMarketCap, Gala’s (GALA) price is trading at $0.09384 with a 24-hour trading volume of $190,437,409. At the time of writing the circulating supply of GALA is 6.98B GALA.

2. TRON (TRX)

Blockchain-based decentralized digital platform TRON has its cryptocurrency TRX. Henceforth, the features that are utilized by Tron are blockchain and peer-to-peer (P2P) network technology. TRON uses delegated proof-of-stake consensus mechanism. TRON working to organize a global entertainment system for the cost-effective sharing of digital content.

Accordingly, as per CoinMarketCap, TRON’s (TRX) price is trading at $0.09197 with a 24-hour trading volume of $1,862,431,358. At press time, the circulating supply of TRX is 71.66B TRX.

3. Kirobo (KIRO)

Kirobo (KIRO), a cryptocurrency token designed on top of the Ethereum platform. It prevents users from cryptocurrency transaction risks and makes crypto management as easier, simple, and secure as online banking. Furthermore, Kirobo has created logic layers over the Bitcoin and Ethereum network, it will provide a unique transaction code. The code has to be entered by the recipient to receive the funds from the sender.

More so, at the time of writing, Kirobo’s (KIRO) price is trading at $0.3641. As per CoinMarketCap, the 24-hour trading volume of KIRO is 1,163,247.

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The Immediate and Future Functionalities of Studyum

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The Immediate and Future Functionalities of Studyum

The legacy education system is plagued with problems that must be addressed. In the United States alone, there are 81.5 million students enrolled in the public education system. The US government spends $680 billion annually, over 7% of its GDP on education. This equates to more money per student than in most other countries, and yet per a report from the Social Progress Index, the US is ranked 91st out of 163 countries when it comes to access to quality education. But the problems that plague the US education system are not unique – they plague other nations as well.

While there are a million and one opinions on what’s wrong, and why and how to fix the system, we have reached a global consensus on two points: First, the modern education system is failing. Second, students’ lack of motivation has reached an all-time high.

Technology has become an inseparable part of our daily lives, especially with the recent generations. We never leave the house without our phones and the ongoing pandemic has only made us turn to technology even more for comfort. The advances of the gaming industry have made its products addictive. Is it strange then that students are more interested in gaming than learning? Now, this is a clear problem for educational institutions, but could it also be the solution?

Implementing the principles of gamification into the workings of its platform, Studyum is turning the problem into a solution. By harnessing the power of advanced technological solutions like blockchain, NFTs, and visual technology, Studyum is building an edtech platform designed for success in the modern world.

What is Studyum?

Studyum is a revolutionary learning platform built on a secure decentralized blockchain. It combines artificial intelligence, machine learning, facial recognition, 3D avatars and NFT to offer an unrivaled experience for educators and students.

The Studyum platform tackles the problems of the educational system by creating an environment where students are effectively motivated to succeed. Studyum addresses the issues by merging its innovations with the learning experience, for both educators’ and students’ benefit.

The Studyum platform will utilize the STUD token as the utility token of the platform.

Benefits for educators:

  • Access to a groundbreaking learning management system.
  • An intuitive platform to create content in 2D or 3D and generate unique NFT collectible cards.
  • Tools to motivate their students, combined with a reward system that encourages progress on the platform.

For teachers, the tools they need are now at their fingertips, allowing them to reach and engage students like never before.

Benefits for students:

  • Tailored digital learning experience, with facial microexpression analysis to follow the student’s style and needs.
  • Outstanding 3D avatars that connect the online and physical world together.
  • A unique combination of VR, AI and machine learning.
  • A reward system with tokenized NFT collectibles.
  • Access to a decentralized NFTfi marketplace, where users can swap, stake, and trade.
  • Tools to optimize student’s learning, such as the SMARTchat and the support of the community.

Studyum allows students to learn their own way and at their own pace so they are never “left behind.” The platform adapts to them, and not vice versa.

A look inside: The immediate functionalities

With the launch of Studyum, these functionalities are operational from day one:

  1. Licensing courses for coaches. This makes it easier and more efficient to implement a better user experience for the coaches, students, and parents.
  2. Training programs for coaches and parents. This means all those who participate can contribute to the success of education.
  3. Training programs for students. The uniformity of this successful user experience will give structure to the innovative methods of the Studyum platform.
  4. Group and individual learning. This is the best of both worlds. No student gets “left behind” while the success of group learning is also ensured.
  5. Homework section. This allows for homework to be set up, all on the platform.
  6. A lesson-by-lesson curriculum and course roadmaps. This gives the educators a turnkey solution, so they have the resources to focus on the success of each student.
  7. Creation of user blocks, so that AI can be used to help provide personalized programming. The user does not have access to this information, as it is stored privately. Using AI can ensure this is a tailored experience so everyone can win.

A look ahead: The future functionalities

Voting and staking tokens are important future functions of the platform.

A portion of the unsold tokens from the IDO  launch (see explanation below) will be frozen to provide funding for any STUD token holder to create content. This will work similarly to many token-curated registries in that an individual stakes a certain amount of STUD to be able to teach a lesson.

If anyone believes that the class holds no purpose or that the teacher is not qualified, they can challenge them for the position of the teacher. The Studyum community can ensure the quality of proposed classes by either challenging the teacher’s competence or the credibility of a class being offered. If an individual succeeds in proving the teacher or the course are inadequate  (meaning that the teacher was deemed unworthy), then the person who issued the challenge has a right to the funds staked by the original candidate.

For Investors

As an investor, this project also has the potential to be one of those you wished you hadn’t passed up. How can you be a part of this from the very beginning?

The Studyum ecosystem will utilize the STUD token, powered by the blockchain. STUD tokens will be available for purchase when the IDO stage starts.

An Initial Dex Offering or IDO is a fundraising method in which the token is issued via a decentralized liquidity exchange that relies on liquidity pools. You can swap your tokens with other traders in the exchange. Investors can buy tokens at the point of launch, then resell them at a higher price later in the IDO process.

To find more and join the Studyum community, click here.

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Inflatable Bitcoin Rat Makes Comeback Due To Federal Reserve Ethics Issue

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bitcoin rat

This content was originally featured on Bitcoinist

In October 2018, a massive inflatable Bitcoin rat was erected outside of the United States Federal Reserve building by artist Nelson Saiers. Now, the former Managing Director for Deutsche Bank AG and hedge fund manager turned mathematical artist is back at it, as the Fed is up to no good once again.

Here is a glimpse at what is going on at the Fed currently that’s caused Saiers to raise a such a stir, how it involves Bitcoin, and what you can do to take a stand like Saiers has.

Nelson Saiers And His 2018 Inflatable Bitcoin Rat

Bitcoin wouldn’t be where it is today, trading at more than $40,000 per coin, if it weren’t for early evangelists spreading the cryptocurrency’s message.

No other form of money exists with such scarcity, and it is thanks to a foundation of mathematical code. Math is right up Saiers’ alley. Saiers has been referred to as the “Warhol of Wall Street” due to his financial-based artworks, and received his PhD in Math at the age of 23.

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

As an artist, he’s produced pieces heavy with geometry and numbers. In one such example, Saiers features $10 bills crushed up in a vending machine costing only 50 cents each.

Here $10 bills are for “sale” for 50 cents. Alexander Hamilton, whose image adorns the $10 was a huge advocate for a “national bank”. His ideas provided the foundation for the creation of the Federal Reserve a century later. Cheap Money (low interest rates which are often impacted by the FED) was a central cause of 2008 Crash, a description reads.

Saiers’ latest piece is also directly outside the Fed, because he’s trying to raise awareness for something he’s shocked there isn’t more “outrage” over: Federal Reserve presidents playing games with rates and other levers while they are also trading securities in their personal accounts.

BLX_2021-09-20_11-55-29

Crypto has come a long way since Saiers' last stunt in front of the Fed | Source: BTCUSD on TradingView.com

The latest Bitcoin rat has been slightly modified from the 2018 original. The newest has a black right eye, which represents how the actions of the Fed presidents are “a real black eye” for the Federal Reserve’s “reputation.” The eye also says POW in reference to the proof-of-work consensus mechanism Bitcoin uses. The black eye also references “getting punched” Saiers told us.

Also updated from the original is the sign that said “I smell a rat.” It now reads “I smell 2 weasels” along with the question “does anybody know how to get to Dallas?” Saiers has shared some exclusive photos with us, which you can check out below.

1632159499 163 Inflatable Bitcoin Rat Makes Comeback Due To Federal Reserve Ethics

What’s Going On With The Fed?

The situation the art piece is referencing, is an “ethics review” called for by Fed chairman Jerome Powell, in response to letters Senator Elizabeth Warren sent to the Fed’s regional bank presidents demanding stricter ethics policies, especially around each president’s own holdings.

All this comes following several Fed presidents disclosing stock trades, which have come under scrutiny. The “2 weasels” in question are, Boston Fed President Eric Rosengren, who held stock in in Pfizer, Chevron and AT&T, and Dallas Fed President Robert Kaplan who traded seven-digits worth of stocks like Apple, Amazon and Delta Air Lines, according to a CNBC report.

The problem isn’t that these people were trading stocks, but doing so while also – as Saiers points out – making “rate and bailout decisions.”

So how does this all involve Bitcoin? Well, aside from the fact Saiers has used BTC in the past to prove similar points, the lack of noise around Wall Street and traditional markets over this ethical issue has caused him to turn to crypto instead.

1632159499 870 Inflatable Bitcoin Rat Makes Comeback Due To Federal Reserve Ethics

“Satoshi couldn’t stand bailouts,” Saiers said, “so I wanted to bring attention to it to the crypto world.” Saiers’ art is now standing in opposition of the Fed right now.

Related Reading |  Bitcoin NFT “The Death Of Fiat” Commemorates Historic Crypto Bull Run

With Saiers’ statement now out there, will crypto help the rest of the world wake up to what is going on right under their noses? And when they do, will they finally understand why Bitcoin is so special? Probably not, but the more central banks cause distrust, the better the case for Bitcoin in the long run.

Special thanks to those like Satoshi, Saiers, and others who selflessly fight causes that effect so many others. If you want to get involved and stop this, buying BTC is one option, but you can also contact your local state and federal elected officials and let your voice be heard.

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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Cardano (ADA) Will Pick Up Pace Soon Reaching Over $3

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Cardano (ADA) Will Pick Up Pace Soon Reaching Over $3
  • Cardano (ADA) is considered as one of the top 5 cryptocurrency in the market. 
  • The price of ADA is expected to hit back its new ATH soon.

Cardano (ADA) is considered as one of the top 5 cryptocurrency in the market. Currently, ADA holds 4th position on CoinMarketCap. ADA is on a weekly bounce right now from the $1.9 mark to ATH of $3.16. 

Moreover, ADA sellers pushed the price down to $1.89. On August 16, this level stands as the start of the last two weeks’ rally. As per CoinMarketCap, the ADA price is trading at $2.11 with a 24-hour trading volume of $4,750,535,352, at the press time.

Cardano ADA Will Pick Up Pace Soon Reaching Over 3
ADA/USDT Price Chart (Source: TradingView)

An ascending channel is created by joining the swing lows with a lower trend line and the swing highs with an upper channel line. A breakout above an ascending channel may represent that the upward trend will continue, whereas a breakdown below an ascending channel may indicate that the trend will change.

The price of ADA is expected to hit back its new ATH $3.10 soon. Even more, the price of ADA can reach great heights soon.

Sidney Vollmer of the Cardano Foundation asked the community members of Cardano to keep an eye on some mind-blowing partnerships at the Cardano Summit. This will occur in the upcoming weekend on September 25-26. 

Furthermore, the announcement could be a sign of the upcoming things to come. More so, upcoming discoveries can make the ADA price higher.

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How DIFX Stands Apart from Other Exchanges with Its Unique Trading Pairs

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How DIFX Stands Apart from Other Exchanges with Its Unique Trading Pairs

It is only natural for multi-asset traders to take an interest in cryptocurrencies. After all, blockchain is on its way to becoming one of the top five emerging technologies. In fact, The World Economic Forum made a prediction that by 2025, blockchain tech will account for 10% of the Gross Domestic Product worldwide.

With Forex, spot metals, company shares, indices, exchange-traded funds (ETFs) and spot commodities already at their fingertips, throwing the complexity of managing crypto into the mix isn’t exactly ideal for the multi-asset trader. At least it certainly wasn’t for Jeetu Kataria, Co-Founder and CEO of DIFX – Digital Financial Exchange.

Mr. Kataria, as a lifelong multi-asset trader and venture capitalist, first realized the inconvenience of switching between digital and traditional assets back in 2017. A multi-asset trading platform was originally his vision, but after assembling an elite team of bankers, technologists, marketing execs, and fund managers, he came up with the idea of a platform where “cryptocurrencies can be used to trade traditional assets with the cross pairing between all assets.”

Imagine being able to buy gold by investing in XAU with BTC, or investing in Google by purchasing GOGGL with ETH. This is just the tip of the iceberg in terms of what DIFX’s unique asset trading pairs can offer in terms of the future of financial product trading.

One of DIFX’s goals is to “connect individuals, prime brokers, and corporations while solving real-world payment problems by offering simple, impactful, secure payment and cross-border trading solutions.”

DIFX’s set of trading tools has made this possible, in particular the MetaTrader5 platform, which is where all traders in the DIFX ecosystem can trade over 500 assets in cryptocurrencies, commodities, forex, options, and stock CFDs. Some examples of MetaTrader5’s diverse trading pairs include BTC/USDT, ETH/USDT, KOKO/ETH – the list goes on.

DIFX’s also recently launched their spot exchange platform. In conjunction with the launch, KokoSwap announced they would be listing their token KOKO, on DIFX as their first centralized exchange. DIFX ecosystem, and MT5 in particular, look thoroughly equipped to smooth out the cracks in multi-asset trading, making the digital future of finance more accessible to those who will set foot onto its otherwise divided terrain.

ABOUT DIFX

A diversified portfolio and the ability to track investments are becoming increasingly important in today’s fast-paced trading environment. When it comes to all types of investments, DIFX will be a one-stop-shop. When trading on the DIFX exchange, users won’t have to switch between different windows or tabs to trade indices, forex, commodities, stocks, and cryptocurrencies all at once. This streamlined procedure will transform the way trading is currently carried out and give investors a seamless trading experience across crypto and traditional financial markets.

 

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