Greetings, cryptotics!

Today's exciting news for us is that #Binance is now listing $TON ! The news that @Ton Network would be listed on Binance starting August 8, 2024, TON/BTC, TON/USDT, TON/FDUSD, and TON/TRY would be new trading pairs. The users shall be in a position to withdraw their funds starting from August 9. Higher volatilities and risks are associated with the application of Seed Tag, hence, Binance tests its user’s quiz every 90 days to ensure they comprehend these risks.

So what impact does this have on #SocialMining ? There are many effects, but most importantly, the higher token value and expanded trading activity may seem more beneficial for existing members of the Social Mining community; they can actively contribute to productivity within the community. This kind of dynamism is of great interest and excitement to communities like ours.

Since #DAOLabs ' Social Mining SaaS integrates with multiple blockchains such as @Ethereum and @Polygon , and hosts Social Mining platforms such as TCHub, it is almost imperative to examine all innovations to promote decentralised structures and communities. Therefore, the strong trading environment of the Binance exchange and the impact of the social mining movement on such coins shows that the future holds the potential for more and more collaboration and decentralisation.

For more details of this Binance listing, can read details here : https://www.binance.com/en/support/announcement/binance-will-list-toncoin-ton-with-seed-tag-applied-abba626aa0974b828f91c166bdc12afd?hl=en

It’s my pleasure to introduce to you Einshen Yam, a high school teacher in the field of Science from the land of the rising sun, the Philippines, who will teach us what the line of teaching combined with social mining is like. Einshen's adventure into #DAOLabs ' #SocialMining started thanks to her colleague, Ms. Karen, and she’s been making waves ever since by balancing her two loves: teaching and crypto within the total earnings of $101.42 !
It is also notable how punctual Einshen is and how efficiently she can manage her time well for her schedule. She completes her teaching tasks and when she is done, transcribes into Social Mining whenever she is free. This wise strategy allows her to have the cake and eat it too – get nice work clothes without having to negate her intelligence.
Regarding her goals, one of Einshen’s goal is to introduce her students to the world of Social Mining. She is looking forward to presenting to them the concept of learning while earning so that their learning process is also enjoyable and comes with some achievement. She’s ready to lead them through this new area introducing them to the possibilities of decentralized technology that are both practical and adventurous.
She has also dealt with some rather serious subjects such as aggregated blockchain and Polygon Peregrin; however, she can explain them in a rather simple manner. This kind of learning experience enables her to be abreast with technological developments in the school and society, and pass new and proper knowledge to the learners.
Generally, Einshen has a few favourite tasks on DAO Labs' platforms but one of them is her favourite one; creating a meme for the #USDt launch on #TON . She was happy to transform a lot of data that one could expect to read in a textbook into something that people would enjoy learning about, that creativity is key even when it comes to the identification of particular signs that mark a certain state.
Last but not least, for those who want to try Social Mining, according to Einstein, the first thing that a teacher should do is do some research about it, define a goal, and gradually use Social Mining as a tool just like teachers teach something to their pupils. Her biography is indeed colourful and inspiring one of how you can marry your professional job with new tech experiences or projects, thus having your job and passion come alive. You can find the story of Einshein and many other Social Miners like her on our blog.

While everyone is focusing on $BTC and $ETH , as a @DAO Labs #SocialMining enthusiast, I have my eyes on @WAX Blockchain and their integration with #MeromAI #artificialintelligence is a huge leap forward. Why? Let me count the ways.

We are all aware that blockchain is all about safety and security. According to #KPMG , that is why blockchain will be instrumental in solving the problems created by adoption of generative AI tools – especially in safeguarding information. That is why KPMG calls blockchain and artificial intelligence the new power couple.
However, the current AI models rely on the opposite of what Web3 stands for – they are centrally trained, centrally located and centrally controlled AI. That is where MeromAI enters the picture – a decentralized AI whose training is  done by anyone ready to stake in the project. In a sense, every one from Adelaide to Zhaoqing can have a say in the development and training of this wonderous technology. To prevent the shortsightedness of only including the WEIRD (Western, Educated, Industrialized, Rich, and Democratic) perspectives and biases, and even in those cultures, to stop elitism from tainting the future development of AI, we need such projects.

This human-AI, where responses, curation and ratings are all by the community, rather than Big Tech and Big Money is a revolution. As a social miner, I see the benefits of this community-minded approach:
Social Mining and Decentralized AI are both equitable and truly open to all.It is one's effort, hard work, ingenuity and dedication that brings success. Building up the community also builds up the project, so the focus stays on the individual and their prosperity.    
#WAXBlockchain will drive users and innovation, and one can earn $AIMR through responding, curating and rating. MeromAI is still in its infancy, but through its collaboration with WAX, its growth will definitely be worth watching.

Disclaimer: All the information provided in this article are for informative and educational purposes, and are not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!

Sources:
MeromAI KPMGDaoLabs




$BNB

@WAX Blockchain has announced MeromAI. Hopefully, this project will catch #Binance 's attention as well. Everyone knows about $BTC , $ETH , #DOGE , and $BNB , but there's a great need for such innovations in the #Bitcoin world.
What is MeromAI?
MeromAI is an open-source artificial intelligence (AI) platform powered by human contributions. It is the first AI project to operate with a token on the WAX blockchain.

Features of MeromAI:
Open Source: Uses AI models that anyone can contribute to and develop.
Decentralized: A system where everyone can contribute to shaping the future of AI.
Community Participation: Users can earn points by providing computing power, asking questions, and evaluating answers.
AI Training and Development: Users contribute to training and developing AI models.

Contributions to WAX Blockchain 🌐
MeromAI's operation on the WAX blockchain provides various benefits to the WAX ecosystem:
New Users: Attracts new users to the WAX community.
High Engagement: Ensures high engagement and participation among users.
Economic Activity: Increases economic activity as $AIMR tokens are traded on the WAX blockchain.
Technological Innovations: Leads technological innovations with MeromAI's decentralized AI vision.

Thousands have participated in the Weekly Challenge system,
which awarded $3600 - 100 each week over the past 36 weeks.

Meromai Phase 2 Roadmap

MeromAI and DAOLab's Social Mining 🛠️
MeromAI's community-focused approach is similar to @DAO Labs 's #SocialMining Both platforms reward users for their contributions:
Participant Rewards: Users earn $AIMR tokens on MeromAI, while those involved in social mining on DAO Labs are rewarded with #USDT and project tokens.
Decentralization: Both projects establish a decentralized structure by distributing control to community members.
Collaboration and Contribution: Encourage active participation of users, fostering the growth of their ecosystems.
MeromAI is shaping the future of AI with its open-source, decentralized, and community-focused structure. 🌍💡

As a #Nigerian crypto enthusiast, I've got to say, this whole crypto situation in the country is a real head-scratcher. It feels like our government is trying to have its cake and eat it too – banning #crypto with one hand and taxing it with the other. This whole situation mentally affects folks like us who have a stable job on @DAO Labs #SocialMining space. Talk about mixed signals!

First off, let's talk about this new 7.5% VAT on crypto transactions. I mean, come on! We're already dealing with a shaky economy, and now they want to take a chunk out of every crypto move we make? It's like they're trying to squeeze water from a stone. And the timing? Right after all that drama with #Binance and those poor crypto firms and brands who got caught in the crossfire. It's enough to make you wonder if they're just making it up as they go along.
But here's the thing – I get that the government needs to regulate this space. We can't have a Wild West situation where anything goes. The problem is, they're going about it all wrong. You can't slap on taxes and harsh rules without first laying down a proper foundation. It's like trying to build a house starting with the roof!
Now, don't get me wrong. I'm actually excited about the idea of regulating $BTC


and #Ether as commodities. That's a step in the right direction. It shows that at least some people are starting to understand the unique nature of different cryptocurrencies. But we need more of this kind of nuanced thinking.
The new rules for VASPs (Virtual Asset Service Providers) are another mixed bag. On one hand, it's good that they're creating a framework. On the other, some of these requirements seem a bit over the top. Forcing companies to have local offices and CEOs living in Nigeria? That might just scare off international players who could bring valuable expertise to our market.

So, what's the solution? Well, if you ask me, we need a complete overhaul of our approach to crypto. Here's what I think needs to happen:
1.     Clear, consistent regulations: Let's decide once and for all if crypto is legal or not. This back-and-forth is killing innovation and confusing everyone.
2.     Gradual taxation: Instead of slapping on a hefty VAT right off the bat, how about we start small and gradually increase as the market matures?
3.     Collaborate with the crypto community: There are plenty of knowledgeable folks in Nigeria who understand both crypto and our local context. The government should be tapping into this expertise.
4.     Focus on education: Both for regulators and the public. Half the fear around crypto comes from not understanding it.
5.     Encourage innovation: Instead of just regulating, how about creating incentives for blockchain startups? We could become a tech hub for Africa!
6.     Protect investors without stifling growth: Yes, we need safeguards, but let's not make the barriers to entry so high that only the big players can participate.
7.     Consider the bigger economic picture: Crypto could be a tool for economic growth, remittances, and even stabilizing our currency. Let's not kill the golden goose before it's had a chance to lay any eggs.
Look, I love Nigeria, and I love crypto. I believe they can coexist and even thrive together. But for that to happen, we need smart, balanced regulations that protect people without crushing innovation. We need a government that sees crypto as an opportunity, not just a threat or a cash grab.
It's a tough balance, but I believe we can get there. We've got the brains, the hustle, and the potential. Now we just need the right approach. Let's hope the powers that be are listening, because the future of finance isn't waiting for anyone – and I, for one, don't want Nigeria to be left behind.

References:
1.     https://cointelegraph.com/news/nigerian-sec-urged-to-classify-bitcoin-ether-as-commodities
2.     https://hackernoon.com/nigerias-crypto-conundrum-taxing-the-forbidden-fruit
3.     https://cointelegraph.com/news/nigeria-sec-local-office-requirement-crypto-firms
4.     https://cointelegraph.com/news/nigerian-sec-new-crypto-compliance-rules