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The overall structure was bearish last week. While $POL price continues to search for further lows up to the support point, the green zone at the bottom will surely receive an upside reaction from the major support area.
This analysis does not constitute investment advice. We recommend that you conduct your own research.
AI, announced at #KBW2024, is set to revolutionize the ecosystem with its decentralized solutions, including a chatbot like . This innovation promises to boost KAVA’s value and utility by offering a secure, transparent AI platform.
As KAVA AI rolls out, expect increased interest and potential price movement in the KAVA token. The proposal is coming in Q2 next year—stay tuned!
Here at , we’ll be publishing a task about KAVA AI on our Platform soon. Keep an eye out!
With $WAXP now focusing on becoming the middleman for the transfer of tokens between large blockchains, meme coins are receiving a lot of attention from the community. For instance, the latest update in the @WAX Multi-Chain Bridge has provided an easy way of transferring assets across other main blockchains such as $ETH , $BNB , and #Polygon . Now, the question on everyone's mind is: what memecoin should be enabled next?
The meme coins have done very well in the market and have been popular since they are hyped up and backed by enthusiastic trending communities. From #Dogecoin to #Shiba these tokens have been popularized, or at least hyped, sometimes through community pushing and social mining. Thus, WAX plans to open up new niches with new meme coins and, consequently, stimulate additional interaction and tokenization of various platforms in the appropriate communities.
The WAX community itself has the voting power on which memecoin will be the next to be included in the list. This means that as you people are discussing, choosing the next ticker or suggesting your favourite one, you are making decisions. In addition, do not forget to leave your WAX wallet for participation in further campaigns!
Since WAX prides itself on decentralization and the inclusion of its community, #SocialMining components are integrated into all the facets of the platform. It is worth stating that the fee-earners who engage in the development of WAX based on their proposals for improvements, adding liquidity, or just advocating for WAX, contribute to building the platform’s future. This is the approach that guarantees that users have the power to decide which tokens should be integrated into the ecosystem.
As WAX will further develop the integration possibilities concerning different chains, the prospect of meme coins has not yet begun. Thus, users can engage and remain active in the WAX community and be involved in these social mining initiatives are part of this growing ecosystem. Therefore, which of the meme coin do you think should be the next in line to be featured on the WAX platform? You can be the one to contribute your data towards deciding the next big shift of this meme coins space!
After a sharp decline as a result of the news last week, it has entered the accumulation process. With any positive news, it will continue its upward movement again. But the region between 5.589-5960, which has previously served as support, will serve as resistance with the start of the upward movement, so we must first wait for that region to be exceeded.
This analysis does not constitute investment advice. We recommend that you conduct your own research.
Stablecoins and Trust: The Role of Tether in Blockchain Ecosystems
Stablecoins can be described as an important component of the entire blockchain industry since they provide a link between traditional finance and digital assets. Options include partially or fully decentralised stablecoins and partially backed stablecoins; however, fully reserved stablecoins such as @Tether USDT are more secure. The first is based on the fact that they can preserve the value and assure solvency, providing their users with the necessary stability in the framework of an unstable market. This is where significant controversy arising from enhanced stablecoins comes from – the question of whether these assets are backed indeed. Isolated, or fully-backed stablecoins, like #Tether , are backed by real-world assets; within every actively traded token, it is possible to exchange it for the equivalent of the value of the deposited fiat money. This makes them safer investments than one may choose to invest in with a view of making profits from returns fetched by fully backed investments. Without this level of security, you may find yourself rolling the dice day hoping your stablecoin is going to be there when you want to cash out. That also establishes a layer of trust for users making or receiving payments using $USDt within ecosystems such as $KAVA . Thus, by acting as a fully reserved stablecoin P2P ecosystem participants will be able to perform lending, borrowing, trading etc. without the fear of losing the value of their assets. This in turn results in a more stable and secure environment whereby both the users and developers benefit. This is also true of how stablecoins are associated with decentralized platforms such as #Kava to support #SocialMining . In this type of system with the main focus on active use, the persons that will be using $USDt will help in expanding the ecosystem but with stable finances. Social mining encourages participation where participants get to be rewarded based on the contributions they make towards the development of this platform, be it in terms of governance, staking or liquidity provision. In other words, fully reserved stablecoins like $USDt are more reliable than any other asset in the constantly changing world of blockchain. Through this approach, for example, the choice of stable asset-backed realizations, users and developers within the Kava can concentrate on the creation or participation process, not checking solvency. Social mining on the other hand tops this up, inciting the user to engage with more sense while at the same time ensuring that their assets are fairly secure.
Last week, there was a rise in the price and the market slowly started its upward movement, but due to the events and developments this week, the market started to decline again. With the break of the downtrend, there was a transition to a horizontal trend. The green zone is the support zone.
This analysis does not constitute investment advice. We recommend that you conduct your own research.
TON Ventures Launches $2.5M Incubation for TON Startups
$TON Ventures has officially launched TON: Acc, a $2. 5 million incubation program for start-ups that wish to establish themselves on The Open Network ( @Ton Network ). This program will assist five chosen ideas by funding them for three months, having mentors in their work and giving them support to turn five ideas into fully functional products. #TON ecosystem has expanded over the years as evidenced by a huge increase of its TVL from $13. 5 million to $566. 21 million in 2024. TON: To continue on this trajectory, Acc will leverage this momentum by providing the blueprint for success within TON’s growing ecosystem of 950 million Telegram users for budding businessmen.
This initiative helps cite the importance of #SocialMining within the TON ecosystem. In this capacity, social miners contribute by creating entrees, touching base with other users, and offering inputs that act to assist in lifting projects through increased exposure and use. By leveraging this community involvement, projects gain more visibility, support, and interaction, making TON: Acc not just an incubation program but a seeding program to include as many players in the TON ecosystem as possible.
Supporting the New Generation of the Blockchain Start-ups
Acc is designed to enable projects to smoothly connect to TON and leverage a potential Telegram user base. Participants will get the key to TON Ventures’ resources – mentoring, funding, and connections to investors, which will allow participants to develop, put into practice and direct a change to the broader blockchain arena.
Ian W, the Managing Partner of TON Ventures, also pointed out that such an initiative will allow projects to establish utility-focused solutions within the Web3 environment of TON and would be a new level of development in TON-based mini-apps. By fostering early-stage innovation, TON: Acc is expected to incubate now the next generation of billion-dollar projects on TON to make the ecosystem growth continue to progress at the same speed.
Last week it broke its falling structure, while this week we see a retracement back to the support zone. The price may start its upward movement by exceeding the newly formed 0.03723 resistance zone. In order to see hard directional movements, the 0.04775-0.04204 zone must be exceeded.
Selim, a 34-year-old family man from Balıkesir, Turkey has managed to embrace both his obligations as a husband and a father as well as his love for all things crypto. He is a working man with a strenuous working and family life but at night, he gets engulfed in #DAOLabs ' #SocialMining which is his way of trying to make a fortune out of cryptocurrency. Selim started the crypto journey back in 2015, initiated with curiosity and the desire to look for some enhanced methods of earning money. Like many, at first, he blindly trusted his favourite influencers, and the outcomes did not make him happy. Nevertheless, these failures had positive effects since they made him wiser and more patient in choosing his investments. It was this change of approach that brought him to #SocialMining which was reccomended to him by a friend as a much more flexible and fun way to remain active in the crypto sphere. As for the time management between work, family, and Social Mining Selim emphasizes that he would like to stay committed to all three. He spends a considerable amount of time on Social Mining after his kids are asleep, and he looks forward to retirement to fully engage in it. Selim found out that the DAOLabs Turkey community is very friendly, and he considers it a “social miner family.” He learns from others’ work and tries his best in writing and making illustrations, as he realizes that good words and graphics are needed in the crypto space. Regarding plans, Selim is eager for future projects in the Social Mining ecosystem, especially the ones that he will be able to join from scratch. He says that each new project is like having a child which needs attention to be given and nurtured for it to grow. The story of Selim attests to the importance of measure, support, and constant training while searching for solutions in the sphere of cryptocurrencies and in general.
This week, $MATIC broke out of a downtrend, resulting in a sharp 43% price surge. However, resistance at the key level and the broader bearish market sentiment led to a pullback. Every dip presents a prime opportunity to accumulate more. The support zone of $0.39 is important as highlighted in green.
This analysis does not constitute investment advice. We recommend that you conduct your own research.
Kava’s Success: Binance Support and Community Impact
$KAVA ’s journey finally took a drastic step forward in 2020 when it was selected among the winners of #Binance ’s much-coveted Launchpad. This was the start of a partnership that has continued for over 50 percent of Binance’s lifetime. For years, Binance provided various support to #Kava , making it grow as a viable decentralized finance (DeFi) project that provides users with reliability and choices of high income on crypto. Thus, it cannot be stated that Kava’s success was solely due to technology and new solutions; it is also about people. #SocialMining has been an important factor in Kava’s success as it provides users with an opportunity to participate in the platform's developmental process and be rewarded for it. Such an approach enables the community to make changes where necessary and keeps Kava relevant to and fresh for the users. The fact that the partnership between Warner and Binance continues unintermittently is a clear sign of how crucial cooperation is in the crypto space. Through this partnership, Kava and Binance's growth curve has advanced beyond what was thought possible in DeFi, opening up the field for further developments. This means that the increased growth and development of Kava will be greatly influenced by the support from Binance and engagement in its community activities.
Securing Digital Collectibles: Key Protection Tips From Wax
Living in a world where technologies develop at a very fast pace, the protection of such Digital Collectibles is imperative. Here are the most crucial protection tips from ' Hub, as known as Continuing the expansion of the universe of digital art and collectables, it is crucial to take preservice measures to protect them. The first idea is to set reliable and individual passwords, which are the first barriers against attempts at unauthorized access, and also to change them as often as possible. Two-factor authentication (2FA) is added, as is the second factor of protection, it is more challenging for an unauthorized person to intrude.
For those significantly committed to digital collectables, cold wallets seem to be safer to use as compared to online wallets since they do not connect to the internet thus minimizing contact with likely online threats. You also need to stay alert to foil any attempts made be it for phishing purposes to get into your assets. Also, remember that links and messages can be fake, therefore do not trust any communication that comes without your expectation.
Consequently, by staying updated and following these security measures, you will be able to keep your digital art safe and always under your possession; you will be able to enjoy the world of digital art and collectables.
Real World Assets (RWAs): A New Frontier for Social Mining Communities
Real World Assets ( #RWAs ) are on the rise as a possibility to revolutionize blockchain, especially for #SocialMining communities. Building on the possibilities of tokenization, physical assets such as real estate, artwork, and even local start-ups might provide an opportunity for community-based income generation. The relevance is found in realising where and why past attempts such as Venezuela’s Petro failed – due to political instability and technical difficulties.
For #DAOLabs Social Miners, RWAs integration might be beneficial not only in terms of financial benefit but also in terms of transparency and community decision-making. Let’s consider a case where a community of miners is tokenizing local assets like land or a small business. Through creating a division of these assets into smaller, shareable tokens, anyone lacked the resources to fund something larger.
Other important factors include; legal requirements and compliance issues concerning the structure as well as the type of blockchain implementation. Choosing a Layer-2 solution that has been around for some time, such as #Polygon or #Avalanche could make these tokens possible. Besides that, smart contracts’ integration and security will also play a crucial role in protecting these tokenized assets.
Unlike many other approaches associated with applying IT to social issues, this approach is about building new possibilities for reconstruction and development for communities. If well-harnessed, RWAs could help decentralized finance to reach the local hood, where people’s small villages could pull themselves into the overall world economy.
As with many new software technologies, it may be early days yet the prospects for RWAs in Social Mining are considerable. It will be a journey of learning, innovation and cross-cultural appreciation but the efforts could positively alter the life fortunes of countless people from different communities.
This is the life story of Ramil, a stable government employee transforming into a fast-paced Social Miner. Due to his strong passion for spending more time with his family, Ramil had to give up his job at the Assessor’s Office and focus on taking a new job that would not hinder him from being with his family. At first, he discovered #DAOLabs ' #SocialMining , which gave him the flexibility and the money to be involved actively in his family. As for the use of tools such as Canva, or video creation which was unfamiliar at first, such a change Ramil accepted and incorporated to learn. These creative works include the Social Mining Video Tutorial and the KAVA KAI Token Meme. In so doing, they were recognized on the global platform, thus showing his hard-working spirit as well as attitude to learning, and innovation. When people like Sandeep from Polygon recognize what you are doing, this is encouraging and gives you confidence. But the turn in Ramil’s life was not all sunshine and rainbows as we would have expected it to be. Temporary repeal of X account was a step back for him, he lost his routine and habits, and it is hard for him to be with others in the community. However, instead of allowing this as a hindrance to his success, Ramil faced the situation with a Can-Do spirit. His attitude shows the determination that is needed to overcome the challenges of any new business, most especially in the ever-evolving environment of #SocialMining Thus, Ramil’s story is more than a simple success; it is a success story for all the members of the Social Mining community. Social Mining is presented as a process of change which can be exemplified by the subject’s constant learning, openness to new skills, and adherence to the values of family. The confused thoughts that can be seen in Ramil refer to the past, while he looks forward to the future, willing to accept any kind of change. This path is a perfect example of the concept of risk-taking, tenacity, and the relevance of community support while operating in the new area of Social Mining.
Due to the latest update, the Multi-Chain Bridge has become even more user-friendly when it comes to transacting in tokens or Non-Fungible Tokens across multiple and different blockchains. This update boasts of a new look: We love it and a new boost: free-of-charge transfers. It would be incredible to be able to transfer your assets from the WAX to , , and and not need to think about additional costs.
What they are doing here is not just about making things easier; It is about opening up avenues. was never a complicated platform to navigate in the first place, and now, it offers access to other great ecosystems, including Ethereum and the Binance Smart Chain. This integration enables the users to be able to invest in different projects, while at the same time being able to manage a WAX environment without the need for dashing to other blockchains.
It has been done in a manner to be as simple a process as it is. When it comes to transferring NFTs or tokens the process is well-defined and easy to navigate with the new interface in place. Besides, with the future updates proclaiming the expansion of the supported blockchains list up to 30 by the end of the year, the WAX Multi-Chain Bridge will undoubtedly take its place in Web3.
This is not just a technical shift toward a multi-chain world: it should be understood as a shift towards a more connected and diverse infrastructure for blockchain tech. With WAX, it has now become seamless to engage with diverse blockchain networks, which will go a long way in creating more solutions across the sector.
Unlike just transferring files, this upgrade makes the SiteZ drive public participation through the provision. Thus, Social Miners can be rewarded while actively contributing to increasing and expanding the WAX community through the creation of content and sharing of experiences. The combination of technology with WAX’s community and contributions to the blockchain environment helps to create better conditions in the determined industry.
After the news of the detention of the owner of the #TON ecosystem, the price moved sharply downwards. While the green support area held the price's sharp decline, the fate of the news may initiate upward movements.
It is therefore with fun that we introduce to you the RWA HUB – Social Mining V1 by DAO Labs & RWA
and RWA Inc. have recently unveiled a new Social Mining platform known as that seeks to incorporate fractional assets to the Web3 ecosystem. This initiative is a major development in as it seeks to make use of content creation and sharing as the way for users to interact with digital assets.
RWA HUB is a platform intended to promote the process of issuing asset-backed tokens which are stocks and real estate among others on a blockchain. This process is meant to improve blockchain technology experience by segments of investment that were less likely to engage with them before. These tokenized assets can now be discovered by Social Miners and they can contribute to the ecosystem by posting content of RWA Inc. ‘s offerings.
The platform will be launched officially on this date 2nd of September 2024. The first stage is the soft launch where the application will be tested in practice just to enhance its options, such as RWA HUB. The target consumers who are willing to participate are free to join at the RWA HUB community site for on-boarding. The platform will allow users to easily interact with it and will connect to other projects from the DAO Labs including HUB and HUB which will ensure that all content-centric functions are accessible in one format.
To enhance the navigation of this site, RWA HUB uses a point system in which users garner Points from producing, sharing, or liking posts on this site. These Points, together with the Reputation and Influence metrics, are the core components that help the platform to work. Reputation affects the total earnings percentage; Influence affects the right to vote and validate in the platform.
ILO that forms part of this RWA HUB is the Initial Labour Offering which seeks to encourage prompt contribution of quality content. It gives priority of token distribution, flexible token vesting and schemes, and high token returns. Tokens will also be listed on the mainstream exchanges to ensure they can get in the hands of as many participants as is possible.
The V1 Pledge Pool for RWA HUB will be launched on Sep 2 to Nov 15, 2024 and more on that in November. This new platform can be seen as a continuation of a global shift toward structuring traditional asset classes alongside blockchain technology and giving user tools to actively engage in the future of digital assets.
#Binance ( $BNB ) as a platform continues to experience tremendous growth, and now it has a user base similar to the people’s population of the eighth-largest country in the world. This strong scale is a very big opportunity for the $KAVA ecosystem, which can now be seen by all users of the Binance exchange. For developers, it means a global audience that is willing to engage with developers and services based on decentralized applications (dApps) on #Kava .
Kava is a reputed DeFi platform and it offers developers a strong ground to build up a variety of financial products. The options provided to the audience are virtually limitless and allow for reaching out to millions of people using Binance’s platform. That kind of exposure can go a long way in helping developers introduce their projects to a broad audience thus helping the ecosystem to grow and evolve.
This is not only convenient for developers but for regular users as well as they can dive into the world of DeFi services. Combining Kava’s technology and users from Binance forms a flexible environment of development and growth.
This ecosystem simplifies the way brands connect with their customers due to the central role played by Social Mining that promotes community-driven growth. This way, the developers and users can also be monetized for the ecosystem’s success as they would be rewarded for their hard work and diligence. Through Social Mining, the members of the community can create as well as support an active and relevant network for the common good of all the users.
The integration of #SocialMining into Binance through Kava is a perfect example to showcase what the future of decentralized finance would look like as participants can contribute their input in reproducing the ecosystem without relying on conventional forms of advertisement.
Unleashing the Power of WAX: A Community-Driven Blockchain Revolution
The @WAX blockchain continues to evolve into a diverse world, and now more people can find something that appeals to them. Regardless of whether you are interested in meme coins or excited by the idea of owning digital collectables, or a gamer or a tech geek or all of the above, $WAXP is for you. When the new week starts, the #WAX community or as they are fondly known as WAXFAM is more energetic than it has ever been. It is a unique ecosystem that has only developed thanks to the constant appearance of new projects implemented on the platform, including such ambitious ones as ambitious collections of NFT and multi-level entertainment in the format of the blockchain game attracting users throughout the world. Namely, the focus on the convenience of the platform in terms of use has remained one of the primary factors in the appeal of the platform attracting more and more developers, creators, and collectors.
The enforcement of rules on the WAX network and management of the network is done through its community’s involvement. This is well illustrated through #SocialMining where active participation of the community is integrated and involved in the development of the platform. Holding a reward every month, users can contribute to the content creation, posting, or active discussion, which also is unusual for the current driving online communities.
Unlike the previous examples that enhance the WAX community while also fostering development on the platform. Developers participate in development because they have a huge audience of like-minded people who will follow and enjoy participation in the project. However, users can directly determine what that future looks like and this makes WAX a community-centered platform.
It also means that the group within the WAXFAM only amplifies as everyone is motivated and driven by the aspirations of blockchain in shaping ownership in the digital world. Whether you are completely new to this global community or a long-time member, there exists always a proper role in it. Therefore WAXFAM members, head into the week with enthusiasm and dive in, immerse themselves in all the opportunities that are available to them.
Last week, $MATIC received an upward reaction from the marked area on the chart and broke the resistance points and made a sharp upward movement. The areas where the price may return if the price corrects are the areas indicated in red on the chart.