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

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

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

Massive TOMI Presale ROI Potential

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

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

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

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

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

A Dive Into The Tomi Technology

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

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

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

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

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

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

TOMI Utility In A Nutshell

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

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

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

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

Closing Thoughts

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

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

 

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

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Total Stablecoin Supply Surpasses $150 Billion in November

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Total Stablecoin Supply Surpasses $150 Billion in November
  • The most widely utilized stablecoins are dollar-pegged.
  • Stablecoins made it easy to transfer funds between crypto exchanges.

Stablecoins are crypto-equivalent to fiat currencies like the dollar or the rupee, and it had to be something that could consistently retain value over time and be readily transferred. For example, a system allows Bitcoin investors to convert their Bitcoin earnings to dollars immediately and subsequently invest or withdraw them to their bank accounts. So the stablecoin was created to overcome these difficulties.

Stablecoins are fantastic for trading since, unlike stock markets, crypto trades 24 hours a day, seven days a week. Suddenly, investors could ‘cash out’ and go to bed without worrying about their crypto investments. Stablecoins made it easy to transfer funds between crypto exchanges and avoid lengthy banking processes.

Stablecoins also allowed investors to maintain a portion of their crypto portfolio like cash, allowing them to buy whatever coin they wanted without relying on their banks’ servers, which were known to go down for maintenance.

Dollar-pegged Most Widely Used

Already valued at roughly $130 billion, the stablecoin market has doubled in the previous 20 months. Stablecoins are used in crypto trading and lending. Over 75% of all crypto trading platforms traded between stablecoins and other tokens in October while only making up 5% of all crypto assets. Stablecoin supply reached $150 billion in November, according to CryptoRank.io.

Because of the present financial system, the most widely utilized stablecoins are dollar-pegged. Many stablecoins are tied to other fiat currencies like the Euro, GBP, IMF’s SDR, commodities like gold, or even other cryptocurrencies such Wrapped Bitcoin.

Tether, for example, was created in 2014 as RealCoin. Tether’s supply is limited solely by declared dollar reserves.

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Elon Musk Joins To Alert Dogecoin Holders Regarding Leveraged Trading

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Elon Musk Joins To Alert Dogecoin Holders Regarding Leveraged Trading
  • Elon Musk warns Dogecoin holders regarding leveraged trading.
  • The newbies in the crypto industry should be aware of risks in trading.
  • The current price of DOGE is 72% lower than its ATH.

The whole crypto industry is fond of Elon Musk’s tweet on cryptocurrencies. Twitter users have a great talent for connecting tweets of Musk with the crypto space. Thus, if Musk tweets every trader will admit that he has posted regarding cryptocurrencies or meme-currencies. His support for meme-currencies was the trend for the past few days which significantly resulted in a huge gain for meme-tokens.

As a matter of fact, the crypto market faces many dangers and issues on leveraged trading. Likewise, Elon Musk, CEO of Tesla has warned the dogecoin holders by replying to a tweet posted by Mishaboar. The tweet mentions the hazards and disadvantages of leveraged Dogecoin trading, this has collected the attention of users.

After their margin accounts were liquidated, several meme cryptocurrency holders began seeking aid, according to Mishaboar. As a result, he emphasized the importance of educating individuals about high-risk leveraged trading, equating it to throwing gasoline on a fire.

Moreover, he also mentioned that early investors shouldn’t be fooled by their buddies to make them think that “gambling” is an integral part of crypto. Besides, only professional traders could take their turn at margin trading, according to the prolific member of the Dogecoin network. But the fact is, they are still left out to outperform major institutional players.

Dogecoin Is Dipping

At the time of writing, the trading price of DOGE is $0.20057 which is 72% lower than its highest price value at $0.7315 in mid-May. Since then, Dogecoin has been experiencing a sell-off which has resulted in a gradual price fall. As per Coingecko, Dogecoin has dropped to 3.8% within the last 24-hours and 14.5% down in a week. 

Furthermore, according to the data from Coinglass, in the past 24-hours, $1.88 million worth of Dogecoin yearns have been liquidated. The market experiences more regulatory scrutiny where Binance and FTX were compelled to drastically cut maximum leverage earlier this year. However, there is still a slew of trading platforms that allow clients to place incredibly dangerous trades. As a result, Musk urges his followers to be aware of risks in leveraged trading.

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Hackers Are Now Using Compromised Cloud Accounts To Mine Crypto

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Google cloud crypto hack

Attackers are exploiting poorly configured cloud accounts to mine crypto, Google warned users in a recent report.

Cryptocurrency mining is a computationally intensive activity. And Google Cloud customers can access it at a cost. However, miners are now hacking Google Cloud accounts for mining purposes.
In the report titled “Threat Horizons,” Google’s cybersecurity team assessed various threats to Cloud users, providing details of the breaches.

Related Reading | Data Shows Crypto Hacks And Fraud In 2021 Are On Track For A New Record

The report also provided cybersecurity threat intelligence to cloud users. The aim is to enable them “better configure their environments and defenses in manners most specific to their needs.”

Crypto Miners Hacking Google Accounts

In the report, the cybersecurity team analyzed 50 recently compromised Google Cloud accounts. And out of those, 86% were related to crypto mining. “Malicious actors were observed performing cryptocurrency mining within compromised Cloud instances,” Google wrote.

Related Reading | Ethereum Miner Revenue Outpaces Bitcoin In 2021

The report also stated that in the majority of these incidents, the hackers downloaded crypto mining software to the compromised accounts within 22 seconds. The attacks were scripted, and it would have been impossible to manually stop them. Additionally, in 10% of these incidents, the hackers scanned other publicly available resources on the Internet to identify vulnerable systems. While in 8% of the instances, they attacked other targets.

However, as reported by the cybersecurity team, the crypto mining hacks were not the only attacks.

“The cloud threat landscape in 2021 was more complex than just rogue cryptocurrency miners, of course,” wrote Bob Mechler, Google Cloud Director of the office of the Chief Information Security Officer, and Seth Rosenblatt, Google Cloud Security Editor, in a blog post.

Other Threats To Google Cloud Users

Another threat the team identified was a phishing attack by the Russian group called APT28, or Fancy Bear. The attackers targeted 12,000 Gmail accounts in a mass phishing attempt. They attempted to trick users into handing over their login details. Google, however, said it had blocked all the phishing emails, and no user was compromised.

The report also pointed out an attack by a North Korean government-backed group. This hacker group posed as Samsung recruiters, sending fake job opportunities to employees at South Korean information security companies. They attached a malicious link to malware stored in Google Drive. Google said it also blocked it.

Another threat to cloud users is ransomware attacks, whereby hackers encrypt users’ data until they pay. In the report, Google mentions the formidable Black Matter ransomware group. And although the group announced that it was shutting down earlier this month, Google is still cautious. “Google has received reports that the Black Matter ransomware group has announced it will shut down operations given outside pressure. Until this is confirmed, Black Matter still poses a risk.”

Total crypto market at $2.4 Trillion | Source: Crypto Total Market Cap from TradingView.com

Google attributes some of these attacks to users’ poor security practices. And also vulnerabilities in third-party software that the users install.

The report also recommends a few ways to prevent these attacks. One of which is enabling two-factor authentication.

Featured image by Dreamstime, Chart from TradingView.com
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