The King of NTFs, and one of the @DAO Labs #SocialMining community favorites, the @WAX network has a new kid on the blockchain – Pantheon TC, the first high stakes digital card trading game. In this article, we will explore #web3gaming , and its advantages over web2gaming, such as the chance to earn an #NFT or a token like $WAXP . I have always loved games, especially the Adventure type ones with solid story-telling, such as the unforgettable Sanitarium, or the Icewind Dale series, as Fantasy and SciFi will always be my true loves. My students and I took our frustrations with each other over a few hours of Diablo 2, or Medal of Honor, where they killed me too many times to count. The reasons why people of so many ages and cultures play are as diverse as the people who play them, but we all play. That is why it is no wonder to me that the natural progression of the web 3 is towards digital gaming – there is just too much synergy and so many benefits for both the gamer and developer.
One basic aspect of gaming is collection. I have played so many games over the years where a beautiful item or a cute character would become a reason in itself to keep playing. We human beings are by our very nature collectors and hoarders, and we tend to want to hang on to things, despite their utility or lack thereof of certain items. Just look at people who have a hard time throwing out jam jars or plastic bags! We see something in a movie, and want to own it, and voila, the whole merch industry! In games, this natural human tendency translates to wanting to keep certain game pieces, and web 3 allows you to that through NFTs. NFTs (non-fungible tokens) are items like art, collectibles or whatever is or can be created in the game that you can own, each with its unique blockchain identifier. That means, unlike a cryptocurrency, it becomes a unique item, that you can trade, sell or keep for yourself. In a game, that sword that you could take to your grave with can truly become yours, or that creature that you raised from an egg will forever be there! This opens up so many avenues of growth, and so many ways of interacting between games and ecosystems, that just thinking about the potential is mind-boggling! So, before we look at one of my favorite web 3 games, I would like to set out exactly what advantages gamers find in Web 3 games as opposed to Web 2: 1. True Ownership: In traditional gaming (Web 2), game developers own everything game-related. Players can use them within the game but don't have any ownership rights. In contrast, NFTs allow players to have true ownership of their digital assets. These assets are stored on the blockchain, meaning players can trade, sell, or transfer them independently of the game developers. 2. For platforms that are on the same blockchain or on compatible ones, your NFT can be transferred from one game to another. This could give you access to your favorite suit of armor, spell or warmount, for example!
3. Scarcity and Provenance: The scarcity of any in-game piece and a transparent history of ownership (provenance) add value to rare in-game items, as players can verify their uniqueness and previous ownership. 4. Monetization: Scarcity and provenance in turn mean that a player can earn real-world money by selling or trading their NFTs. This Play-to-Earn (P2E) model lets players earn income through gameplay, as you can see in games like Axie Infinity. Currently, my favorite web 3 game is Pantheon, which is the first time a real-life play-for-keeps card trading game has been recreated in a digital sphere, using WAX-based blockchain technology! The main idea of Pantheon is to play a game of cards where you can win to capture other players’ cards (NFTs).
The cards in this high-stakes game have been designed to be collectible, so if you do not want to play, you can hold on to your cards as a future investment.
There are many more games out there, for a sampling just take a look at the @Ton Network on Telegram for a mindboggling variety, but for old school me, this one checks all the boxes. However, no matter if you play Novo Pangea, #HamsterKombat or Pantheon, make sure to not miss out on this major development on the blockchain! We the DAOLabs community believe in supporting our projects on their way to greatness through Social Mining. This DAOLabs innovation is an alternative that allows you to take part in this great paradigm shift, and earn through your own hard work and efforts towards building a community behind a project you believe in, just like the Play2Earn model.
Disclaimer: All the information provided in this article is for informative and educational purposes, and not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!
RWAs, Tokenization and Social Mining – Sounds like Providence, Doesn’t It?
While the discussion on the future of $BTC and whether $TON will live up to hype, there is another hero in sight! Born from a vision of decentralized free currency, the blockchain landscape is evolving at near warp speed, and is now enticing those traditionally in opposition, such as banks, to its side. As a @DAO Labs #SocialMining community member, I am as enthusiastic about the new vistas opening up as anyone else. One of the most exciting developments is the potential of #realworldassets (#RWAs ) to be tokenized – meaning converting ownership rights in physical assets, like real estate, commodities, or even fine art, into digital tokens on a blockchain. These tokens represent a fraction of the asset, allowing it to be bought, sold, or traded more easily and efficiently, similar to how stocks represent ownership in a company. Why Tokenize a Real World Asset? 1. Basically, you create a digital token of a real world asset on a blockchain, and each token stands for a partial or full asset ownership. 2. In this way, you can turn one high-value but illiquid or low-liquid item into a more liquid asset because it becomes tradable. Investors can then buy or sell such items. 3. Because tokens allow partial ownership, multiple investors can own asset portions. As you will see later, a real-world asset that is valued at 5,000 dollars can be divided into 5000 tokens. Each token in this calculation would represent a 0.1 % ownership. 4. The great benefit of blockchain is its security and transparency, so tokenization provides clear and secure record of ownership transfers. You can also use smart contracts to automate processes such as distribution of earnings. 5. Tokenization also allows a global outreach for a local asset such as a plot of land. 6. DeFi solutions also mean reduced costs on transactions. What Real World Assets Can Be Tokenized? 1.Real estate can be tokenized to allow multiple investors to own shares of a building. Their rental income would be based on the proportion of their tokens. 2.Commodities such as gold, oil, and many others can be tokenized. Tokenization would make trading and ownership transfer easier, more secure and transparent. 3. High-value artworks and collectibles can be divided into tokens. This would let multiple investors to own a piece of a valuable item. 4. Traditional financial instruments like stocks and bonds can be tokenized, for better liquidity. This would also make them accessible to a wider range of investors. There are already examples of this by companies such as JP Morgan and Hamilton Lane. What Are Some Potential Stumbling Blocks to Tokenization? 1. Regulations and How They Apply Locally or Globally: The legal framework for tokenized assets is still evolving, and varies widely across different jurisdictions. This is especially true for cases involving multiple owners, such as in land ownership or ownership of livestock. 2. Market Adoption: Widespread adoption requires a sustainable, well-planned and well-executed infrastructure, including exchanges and custodial services. You also face issues like overcoming skepticism from traditional investors. 3. Technology Risks: Blockchain technology itself is still in rapid development, and issues like scalability, security, and interoperability still need to be addressed. Can We Look At Some Case Studies? Let us say, I have a Marvel collectible, and it is valued at 5000 Dollars. How can I tokenize this real world asset? Let us take it one step at a time. Step 1. You need to certify that you legally own the Marvel collectible and there should be no legal restrictions preventing you from tokenizing it. At this stage, you should consult with legal experts to understand the regulatory requirements for tokenizing collectibles in your city/state and country. This might involve registering the asset or meeting specific legal standards. Step 2. You need to choose a blockchain platform that supports asset tokenization. Popular platforms include Ethereum, Binance Smart Chain, or specialized tokenization platforms like @Polygon . You will then use or develop a smart contract to issue, transfer, and govern your tokens. Platforms usually have templates for creating such contracts. Step 3. It is now time for you to decide how many tokens you want to issue and what each token represents. For instance, you could create 5,000 tokens, with each token representing 1/5,000th ownership of the collectible. You then mint the tokens using your choice of blockchain platform. This is the process of creating digital tokens that represent the fractional ownership of your Marvel collectible. Step 4. You now set an initial price for each token. For our collectible valued at $5,000, we can create 5,000 tokens and each token could be priced at $1. Investors then can buy as many or as few tokens as they want, giving them a fractional ownership stake in the collectible. Step 5. BE CAREFUL NOW! Safely store the physical Marvel collectible. You might want to use a professional custodian or vault service for the collectible’s security and trust among token holders. You may also want to provide documentation or proof of custody to token holders, for the sake of transparency. This could include certificates or regular audits. Step 6. Now, you list your tokens on a blockchain-based marketplace or decentralized exchange (DEX) where potential buyers can purchase them. Some platforms specialize in collectible or NFT marketplaces. You can conduct an Initial Token Offering (ITO) and interested buyers can purchase the tokens directly from you. One problem with that is that, due to coin scams, ITOs have developed somewhat of a shady name so you need to be very careful to address any such worries ahead of time. You could also sell the tokens via auctions or direct sales. Step 7. As tokens are bought and sold, the blockchain will automatically record and verify ownership transfers. This is good for transparency and security. You continue to manage the physical asset, so that it remains in good condition, as this directly affects the value of the tokens. Step 8. You could offer token holders the option to sell their tokens back to you at a future date, or the entire collectible could be sold, with the profit distributed among token holders. Then there is a Secondary Market option, as tokens can be traded on these markets, allowing other collectors or investors to buy and sell their stakes.
So, here is an example scenario: Let’s say we tokenize our $5,000 Marvel collectible into 5,000 tokens. An investor buys 1,000 tokens for $1,000, giving them a 20% ownership stake. If the collectible’s value increases to $10,000, the value of these tokens could theoretically double, and they could sell their tokens at a higher price on a secondary market. But what are the potential challenges in this scenario? 1. Will the market accept our tokens? 2. Can we protect the physical and the digital assets against damage or theft, for example? 3. Are we safe on the legal front? Are there any potential regulatory restrictions?
Now, let us take this a step further and imagine we have a plot of land in Herceg Novi in Montenegro. How can we tokenize this plot of land? Tokenizing a plot of land is more complicated than the previous example, because of additional considerations. Here is how it might look: Step 1. Prove that we have clear and undisputed legal ownership of the land. It is also necessary to consult with local legal experts - in this specific case, in Montenegro to understand the regulatory framework for real estate tokenization. Different jurisdictions have different laws for the sale of fractional ownership in real estate so we do not want to get hung on a legal oversight. For example, in the specific case of Montenegro, each city has its own zoning and urbanization regulations, acting as states rather then cities in their sovereignty over property decisions. We also need to make sure that the land is properly registered with local authorities. We may need to register the tokenization process itself with relevant local or national regulatory bodies. Again taking the case of Montenegro, blockchain and cryptocurrencies are very new, and the proper legal basis is still in formation. A good legal and financial representative or local brokerage house might be needed, for consultation if nothing else. Step 2. As with any other land purchase, we should obtain a professional appraisal of the plot to determine its current market value. In our case, this valuation will form the basis for the token price. The we need to decide how much of the property we want to tokenize. For instance, if the land is valued at €100,000, you could tokenize the entire value or just a portion. Step 3. Now, we choose a blockchain platform that supports real estate tokenization. We then create or use a pre-existing smart contract template designed for real estate tokenization. This smart contract will handle the issuance, distribution, and governance of the tokens. Step 4. At this stage, we decide on the number of tokens to issue and what each token represents. For example, if the land is worth €100,000 and we create 100,000 tokens, each token could represent 0.001% ownership for €1 per token. We then mint the tokens that represent fractional ownership of the land and make sure the smart contract is properly coded to enforce ownership rights, distributions (like rental income), and other necessary terms. Step 5. This step involves proper management and upkeep of the land. If the land generates income (such as through leasing or agriculture), this income can be distributed to token holders based on their ownership share. We need to provide legal documentation proving that the token holders have a stake in the land. This may include digital certificates tied to the tokens. Step 6. We can conduct an Initial Token Offering where investors can purchase tokens. This could be done through a real estate tokenization platform, a blockchain-based marketplace, or via direct sales. After the initial sale, the tokens can be listed on decentralized exchanges (DEXs) or real estate-focused marketplaces where they can be traded. Step 7. As with the collectible example, tokens can be freely traded on secondary markets, allowing other investors to buy and sell their stakes. If the land generates income, such as rental income, this can be distributed to token holders automatically through the smart contract. Mind you, periodic re-evaluation of the land's value might be necessary, especially if it influences the token's market price. Step 8. This is our exit strategy, where we could offer a buyback option where we or a designated entity repurchases the tokens at a predetermined price or at market value. If we sell this entire plot in the future, the proceeds can be distributed among token holders based on their ownership percentage. Example Scenario: Suppose our plot of land in Herceg Novi is appraised at €100,000. We decide to tokenize the full value by creating 100,000 tokens, each worth €1. An investor buys 10,000 tokens, for a 10% stake in the land. If our land's value goes up to €150,000, the value of their tokens would also increase, and they could sell their tokens for a profit on a secondary market. Okay, that sounds awesome, but what’s the catch?? Well, there are several points of failure that require careful consideration, as with any investment. The key one is regulatory practices – we simply must strictly adhere to local and international real estate and securities laws. Building trust and demand for real estate tokens, particularly in a market like Montenegro, may also require educating potential investors. Properties can also depreciate as well as appreciate, or the security of the blockchain platform may be threatened. So, we need to do our research not only well but exhaustively before embarking on this thoroughly exciting adventure.
Let us take this one step further: How about a real world asset such as a race horse or the sperm of a champion? While possible, such a tokenization attempt would have unique challenges, primarily due to the biological, legal, and ethical complexities involved. Let's take a closer look: 1. Tokenizing a Racehorse Tokenizing a racehorse involves converting ownership of the horse into digital tokens on a blockchain. These tokens could represent full or fractional ownership, so investors then share in the horse’s value and any potential earnings from racing, breeding, or selling the horse. Challenges and Considerations: LEGAL – Ownership laws are strict because of animal welfare needs of a valuable commodity. Owners of racehorses must deal with liability issues, including insurance for injuries or death. Token holders would need to understand their rights and responsibilities, which could be complex to manage. MARKET - The value of a racehorse can fluctuate based on its performance, health, and market conditions. These fluctuations could impact the value of the tokens, making it a risky investment. Also, the market for racehorse ownership is niche, and finding a broad base of investors interested in fractional ownership could be challenging. EXPENSES - The management of a racehorse involves significant costs (such as training, veterinary care, stabling). Token holders may need to contribute to these costs, and decisions about the horse's care could be complicated when ownership is distributed across many people. Important decisions regarding the horse’s racing schedule, training, breeding, or sale could also become complicated with multiple owners involved. Governance mechanisms would need to be established to manage these decisions. SALES - If the horse is sold, the profits would need to be distributed among token holders. The timing and method of sale could be contentious, requiring clear agreements upfront.
2. Tokenizing the Sperm of a Champion Racehorse Tokenizing the sperm of a champion racehorse presents different challenges, primarily related to the biological nature of the asset and its potential use in breeding. The use of champion horse sperm is tightly controlled through breeding rights and contracts. Tokenizing sperm would require careful legal structuring to ensure compliance with these contracts and any relevant regulations. The ethical implications of tokenizing a biological asset like horse sperm could also be controversial, particularly regarding animal welfare and the potential commodification of genetic material. The value of horse sperm can fluctuate based on the racing success of offspring, changes in the breeding market, and the horse’s reputation. This volatility could affect the token’s value. Also, similar to racehorses, the market for horse sperm is niche, and tokenizing it would require finding a specific group of investors interested in equine breeding. Another concern is storage. The sperm must be stored under specific conditions to maintain its viability. Managing the storage, handling, and distribution of the sperm to token holders or breeding farms would require a reliable custodial arrangement. Decisions about when and how the sperm is used, and the potential earnings from selling breeding rights, would need to be managed collectively by token holders, adding complexity. Additionally, the ROI could be problematic. The value of tokens would be tied to the success of the breeding efforts. If the resulting offspring perform well in racing, the tokens could increase in value, but there’s no guarantee of success. Again, any earnings from selling the sperm or resulting foals would need to be distributed to token holders, requiring transparent and efficient mechanisms for profit-sharing. So, we looked at three examples of RWAs and how they could potentially be tokenized. They are absolutely huge in terms of the potential they offer, but as is the case with any financial investment tool, there are the risks to carefully consider before investing. Finally you may ask, but where do Social Mining and the tokenization of RWAs cross paths? I am glad you asked, because it is pretty huge. You see, social mining is what I like to call “the greatest leveler”, because it is a process where community members are rewarded for their contributions to a project, often in the form of tokens. Such contributions can include promoting the project, creating content, or providing valuable feedback. You become a micro-influencer, and benefit the project in several important ways: Community Engagement: Social mining encourages active participation and loyalty. Decentralized Growth: Social miners use community impact to grow and improve the project. Incentivization: Social mining rewards users for their efforts, so their interests meet with the project’s success.
Combining these two concepts can create a powerful combo hit: Token holders can be incentivized to participate in social mining activities, further promoting the project and their own earning potential. Tokenizing assets can make them more accessible, allowing a wider audience to participate in social mining, and vice versa, a regular Joe who does not have funds to buy tokens can EARN them instead, allowing a true democratization of the wealth potential. Also importantly, social mining can increase the value of tokenized assets an organic, community-driven growth and internal push for innovation.
We the #TheDAOLabs community believe in supporting projects on their way to greatness through SocialMining. This DAOLabs innovation is an alternative that allows you to take part in this great paradigm shift, and earn through your own hard work and efforts towards building a community behind a project you believe in.
Disclaimer: All the information provided in this article is for informative and educational purposes, and not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!
Meme coins their effects on Blockchain technology.
Meme coins have in the recent past earned the attention of investors and investors in the crypto space. Many of these coins derive their theme from internet memes and social media trends thus being a new trend in the digital currency market. Among them, it is possible to highlight Shiba Inu ($SHIB ) as an outstanding example of meme tokens, which reflects both the concept of the sector. The main concept of meme coins is similar to other cryptocurrencies like Bitcoin or Ethereum; however, most of the meme coins do not have any utility or working model of functioning. Instead, their value is vested heavily in community and Internet culture. Meme coins can be traced to Dogecoin which was initially created out of fun and then appreciated by the shout-out made on Reddit. The following are some of the reasons that have made people venture into meme coins like $SHIB . First, the role of social media as well as the effects of the internet culture cannot be overemphasized. Meme coins have gone viral due to platform support from social and microblogging sites such as Reddit, X and TikTok. Also, these coins are hypothetical in the sense that their values are volatile, which makes them appeal to business persons seeking to make profits within a short time. Nevertheless, meme coins remain beneficial for blockchain development and its integration into people’s lives – useful for both. On the positive, meme coins created awareness to individuals who do not have an interest in blockchain technology hence introducing them to the concept in the crypto market. This trait also means that sites of this type have a decentralized structure, indicating the need for many people’s collaboration. However, such as meme coins are considerably risky and can negatively impact the stability of the market along with the population’s trust in the entire industry of cryptocurrencies. Some meme coins provide very little intrinsic value for the consumer which is a major issue when considering sustainability and success. Notably, the meme coins are characteristic of Social Mining to some extent in that the community has a say in the development of a particular project. Similar to @DAO Labs 's #SocialMining which is essential in the development of blockchain ecosystems, communities which are engaged in meme coins are always instrumental in the growth and success of their respective coins through concerted effort and contribution.
Thus, despite the absence of some elements related to classical cryptocurrencies in meme coins such as $SHIB , its role in the progression of the blockchain industry and popularizing of the concept among the mass population is incontestable. It can therefore be said that meme coins are here to stay as part of the crypto-sphere whether they are going to be a trend of the decade or not, they have created their little corner and are too influential with humour, culture and the community.
Following the latest news in crypto is what we as the #SocialMining community @DAO Labs do best, and as #DOGSONBINANCE rocket up, it's time to check out #MemeWatch2024 A #memecoin🚀🚀🚀 is a kind of cryptocurrency, but their origin is a joke or character that became a publicly known meme.
So , Memecoins are basically a joke that gathers the force of a community that builds force behind it, giving it a value based on their engagement. Dogecoin (
$DOGE ), which was created as a joke but gained massive popularity, and Shiba Inu (SHIB), a take on Dogecoin, are famous examples. Traditonal cryptocurrencies have a purpose, and their creators aim to provide a solution to a specific problem or set of problems – these could be finance (Bitcoin), technology (Ethereum) or privacy (Monero). Memecoins do not often have such utility, and rely more on hype, social media and endorsements. Memecoins find their strongest proponents on platforms like Reddit, Twitter, and TikTok, where viral content spreads quickly. The communities behind these coins make them highly engaging, especially among younger, internet-savvy users. Many investors see memecoins as a quick way to make a profit because of their adrenaline-raising, volatile nature. The low price and high supply of these coins attract traders looking for high-risk, high-reward opportunities. In this respect, a memecoin is like a collectible item in the real world, including trading cards, rare art, or vintage toys. These items receive their value largely from community interest, the hype generated around the item, and their scarcity, rather than having intrinsic value. Another similar item group would be gems, such as amethysts or garnets. Just like memecoins, their worth is highly subjective and can jump up and down wildly based on trends, cultural relevance, and the emotions of collectors or investors. The Good Memecoins have brought a large number of new users into the cryptocurrency ecosystem, many of whom for the first time ever. Once a new user gets introduced to the cryptospace, they may become a regular user, increasing the reach of the ecosystem as a whole. Increased liquidity is another benefit of memecoins and while somewhat risky, it is an undeniable support for the broader system. Also, the success of memecoins has shown that the community-driven aspect of blockchain can be incredibly powerful. This could bring about novel decentralized communities and governance models that rely on user engagement and viral growth, and possibly change how blockchain projects are developed and marketed. The Bad The aforementioned speculative nature of memecoins unfortunately adds to the overall volatility of the cryptocurrency market. For institutional investors and more risk-averse participants, this may end up slowing down the mass adoption of blockchain technology. This is because memecoins can give the impression that the cryptocurrency market is a "get-rich-quick" scheme rather than a serious technological advancement. As investors have gone bankrupt investing in a memecoin without due diligence, this perception can undermine the credibility of blockchain technology. Another point is that the rise of memecoins and the associated speculative trading may cause governments or financial regulators to impose stricter regulations on the entire cryptocurrency market, potentially making it harder for new projects to emerge.
Meme Coins, Social Mining, and Decentralization The community-oriented nature of memecoins is similar to the social mining concept developed by the DAO Labs, where users are rewarded for their contributions to a project’s ecosystem. In social mining, the value of a cryptocurrency is also closely tied to the strength and activity of its community. Memecoins too often have large, active decentralized communities and are given reach and power by the collective actions of their members. Just as social miners create value by contributing to a project, memecoin communities generate value through collective promotion, adoption, and trading of the coin. I personally have $DOGS on the $TON Network and BONK on Binance, and am keeping an eye on any opportunities through airdrops or social mining. Memecoins are a lot of fun but require good research, skill and timing to be able to handle their volatility. Disclaimer: All the information provided in this article is for informative and educational purposes, and not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!
RWA Inc has huge potential for growth, and the upcoming RWA Hub opens the door for interested individuals to take part in their expansion through community engagement tasks. Read below for more 👇👇👇👇
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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.
Ian Wittkopp and Inal Kardan, former senior members of the @Ton Network #TONFoundation have set up #TONVentures , a new venture capital firm, with a $40 million fund to support early-stage crypto projects within the $TON ecosystem. TON Ventures will focus on consumer applications using Telegram’s social features, such as Telegram Mini Apps (TMAs), and tools for creating mass adoption and long-term sustainability. The idea is to invest across various verticals, including decentralized finance, gaming, ad/marketing, and regulated financial products. For more information, please read on here: https://x.com/GuvenerZoe/status/1827761817055084975
As @Movement Labs goes ahead with their @Polygon Agglayer integration, both devs and endusers will benefit from a hugely expanded pool of opportunities! @marpaci has the full scoop👇👇👇
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Polygon and Movement Labs: The Future of Blockchain
Movement Labs is on its way to establishing a community-oriented network by emphasizing values such as security, speed and flexibility in the #blockcain world. Their goal is to unlock blockchain technology's full potential and benefit from a strong ecosystem like #Polygon in this process. This development is significant for both Move-based chains, the @Polygon ecosystem, and the @DAO Labs -based #SocialMining community. I thought it was the right time to announce this and wanted to share it with the #Binance Square community.
Polygon AggLayer Integration and Benefits Movement Labs is taking a big step by including Move-based chains (such as $SUI Move, Aptos Move) into Polygon's AggLayer. In this way, MoveVM-based Layer 2 chains will join the Polygon ecosystem and there will be a significant increase in both liquidity and user base. So how will this integration benefit us? Liquidity Explosion: With the addition of Move-based chains to the Polygon AggLayer, there will be a massive influx of capital into the #DeFi world. This means more trading and investment opportunities, meaning more earning potential for everyone!Enhanced Harmonisation: There will be more harmonization between different blockchain networks. This means more choice and flexibility for users and developers. You will be able to use the application you want more easily.Super Security and Speed: The Polygon ecosystem will reflect move's superior security and speed performance. Transactions will be faster and safer, which will make everyone smile.Ecosystem Growth: This integration will expand the user base of both Polygon and Move-based chains. More users means a bigger developer community, which means more action. This move by Movement Labs is creating a real stir in the blockchain world. It may also have an impact on the $MATIC price. With this integration, which is an important step for the future of Web3, brand-new opportunities are at the door.
Even in a bear market, there is room for solid earnings through the @DAO Labs #SocialMining community tasks! Here is an example of a task, involving #ton_blockchain 👇👇👇👇
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Gas-Free Transactions with Tonkeeper's W5 Smart Wallet!
Hi, cryptolovers and #TCHub Social Miners I am here with a news that is useful for all of us, now all the transactions you will make on @Ton Network Wallet TonKeeper are gas-free! That is why in such a rapidly developing field as blockchain technology, solutions that affect the convenience of operating at a lower cost are valuable. Gas fees, familiar with cryptolovers, mean the price needed to execute operations on various blockchains, such as $ETH or $BNB . Such fees may escalate according to the network traffic, complexity of transactions, and are normally imposing, hindering users’ capability to transfer their assets efficiently. Thus, the Tonkeeper W5 Smart Wallet has opened the opportunity for users to transfer USDT or Notcoin without paying the usual gas for a blockchain network transaction. This capability also eradicates a significant inconvenience invective of users who expected to incur very high charges, say, when transferring tokens between wallets or to an exchange. So, what will #DAOLabs TC Hub miners do in this mission? You will start by reviewing the W5 Smart Wallet, information can be found here: https://tonkeeper.com/en/article/how-tonkeeper-brings-gasless You will create a Meme that reflects this innovation, W5 Smart Wallet, that both informs and makes you laugh, and we have no doubt that you will make an impact on the crypto world by sharing your Meme as a post on X! Once you have completed all these steps, you can submit the task on DAO Labs' TC Hub platform. Just think of scenarios where you can transfer USDT hosted on the ETH network and do not have ETH to pay for Gas or directly sending USDT hosted on the BSC network and do not have BNB for Gas – all that is physically possible with Tonkeeper’s W5 Smart Wallet. The ability to make gasless transactions based on W5 Tonkeeper Smart Wallet rearranges the further development of TON Blockchain concerning its innovations and effective usability in practice.
Higher education is a gate, and the fees that one needs to pay keep the gate closed to many. That is one reason for @DAO Labs #SocialMining concept being so near and dear to this educator's heart! Read below to see why! 👇👇👇
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SMoTH Featured: Taiwo Arogbo
For DAO Labs social miners, Fridays have a different meaning than others. Friday is SMotH day. @Beautyqueenamara hosts an inspiring social miner on the global chat and hosts the community to recognize the Social Miner of the Hour with a warm conversation. Her guest last week was a very new social mining student. Meet Dr. Taiwo from Africa! Taiwo, a student at the Federal Technological University of Nigeria, is the child of a low-paid family overwhelmed by university education loans, bills to be paid for living, and extra expenses for school projects. Dr. Taiwo's Social mining journey starts on June 12th. DAO Labs is currently conducting social mining studies at $MATIC , $KAVA , @Ton Network , #DAOVERSE , @WAX and $AVAX HUBs. His friend, veteran social miner Arolee, tells him about #SocialMining and #DAOLabs . Let's read the rest from his words: ‘’My first reward I earned through social mining was a research grant worth $100. It was a milestone moment for me as it validated my efforts and showed the potential of social mining to support meaningful research. The grant enabled me to further my studies and fuel my passion for data-driven social impact.’’ “Social Mining offers opportunities to improve your financial situation. It can provide supplementary income, help pay off debts, or even lead to becoming a full-time entrepreneur. Dedication, hard work, and continuous learning are essential to maximising these opportunities.” Doctor Taiwo's story is a powerful example of how Social Mining can transform lives. Taiwo, who has been doing social mining for 2 months, can make more hopeful plans for his future. You can follow the rewards this successful miner received from currently active project hubs from his infographic. You can find more blog https://www.daolabs.com/posts/dr-taiwos-transformation-with-social-mining Also, you can write to his telegram and X accounts to meet him.
Polygon Agglayer and Movement Labs Build More than Network Bridges
Crypto never sleeps, and we as #SocialMining community @DAO Labs keep the pulse of our projects ( $AVAX , , MATIC , $TON for example) as we are proud of their innovative solutions. In this article, we will take a look at what @Movement Labs #MoveVM and @Polygon #AggLayer integration means and how they work to increase interoperability and liquidity, to create a more connected blockchain network. What is MoveVM? MoveVM is an open-source, chain-agnostic smart contract execution engine (1). It was first developed for Meta’s Libra (now known as Diem, a cryptocurrency project that later shut down 2) The key principles of Move are default security features, runtime and Aptos-specific formal verification, and over all, simplicity (1). For developers features such as unit testing, coverage tooling, IDE plugins, and on-chain decompilation, data model, upgradeability, cross-interaction, code storage and sponsored transactions are only some of the advantages that Move offers (1). That is why it is a great choice for dApp developers. What is Polygon's Agglayer? At its heart, AggLayer is simple and minimalist, relying on a pessimistic proof mechanism for safe transactions between different blockchains. (3) Liquidity fragmentation is a key issue that creates speed bumps along the transaction highway, and the AggLayer solves this problem by aggregating liquidity across a number of blockchains. The ZK (Zero Knowledge) EVM (Ethereum Virtual Machine) provides a wide array of chains to operate like a single chain, which makes it faster. (4)
MoveVM and Agglayer Integration MoveVM and Agglayer integration promises to be a game-changer. With this integration, MoveVM devs and users will have the opportunity to connect to EVM-ecosystem blockchains. Polygon ecosystem on the other hand is expected to receive $160 million in Total Value Locked (TVL) through the integration. That number is impressive to say the least! SUI Move and Aptos Move ecosystems and more will be supported by Polygon and all of that will go a long way towards boosted liquidity, security and access, all the while for end-users, asset management gets simplified. It also goes without saying that lower transaction fees will have their own impact. Investment Potential Although a new project, Movement Labs caught the interest of investors, and already raised $38 million. Backers including Binance Labs prove the potential of MoveVM to hugely impact and transform the blockchain sector. We the DAOLabs community believe in supporting our projects on their way to greatness through Social Mining. This DAOLabs innovation is an alternative that allows you to take part in this great paradigm shift, and earn through your own hard work and efforts towards building a community behind a project you believe in.
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! $ETH
Sources: 1 APTOS DEV: https://aptos.dev/en/build/smart-contracts/why-move 2 BBC https://www.bbc.com/news/technology-60156682 3 POLYGON https://polygon.technology/blog/how-the-agglayer-unlocks-a-new-age-of-blockchain-economics 4 CHAINLINK https://chain.link/education-hub/zkevm 5 BINANCE https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-movement-labs-to-bring-smart-contract-security-and-parallelization-to-ethereum-116269849788036189 6 BINANCE https://www.binance.com/en/square/post/2024-07-30-movement-labs-joins-polygon-labs-agglayer-11500143308297 7 MOVEMENT LABS https://movementlabs.xyz/learn/ 8 COINDESK https://www.coindesk.com/tech/2024/04/25/movement-labs-raises-38m-for-rollup-based-on-facebooks-move-language/ 9 MEDIUM https://medium.com/@DeMan01/movement-labs-secures-38-million-in-funding-backed-by-okx-and-binance-how-blockchain-innovation-e7664520ef66
While $BTC falls below 50K mark, @DAO Labs #SocialMining keeps giving and here is a great explanation why 👇👇👇
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Haryourdhejih
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Bitcoin Falls into Demand Zone: A Beacon for Social Mining Stability
#Bitcoin❗ ( $BTC ) the leading cryptocurrency, recently experienced a massive drop, breaking below the psychological $60,000 support level. This decline has stirred concerns across the crypto market, with top coins such as #binancecoin ( $BNB ) , @Ethereum ( $ETH ) , @Ton Network ( $TON ) , @Avalanche_CN ( $AVAX ) , @Solana Official ( $SOL) and many altcoins following suit. Despite the current market turbulence, an interesting contrast emerges: which is the relative stability and resilience of @DAO Labs #SocialMining as a means of earning in the crypto field. This current market condition presents a unique opportunity to explore the stability and advantages of Social Mining especially in times of market volatility.
Bitcoin’s Market Dynamics Bitcoin's recent plunge is attributed to several factors, including a broader market correction and external economic influences. This has pushed Bitcoin into a critical demand zone between $55,724 and $53,485. Historically, such zones attract buyers, suggesting a potential rebound. The current technical indicators, including the 20-day exponential moving average (EMA) and the relative strength index (RSI), suggest that Bitcoin might experience some resistance if it attempts to recover. However, the presence of significant whale activity—such as large accumulations and withdrawals from exchanges—indicates that many investors remain optimistic about Bitcoin’s long-term prospects.
The Stability of Social Mining Amidst Market Fluctuations
While Bitcoin's volatility can lead to significant fluctuations in its price and impact traditional crypto investments, #SocialMining presents a contrasting scenario. @DAO Labs #SocialMining , a concept introduced by DAOVERSE, involves participating in community-driven activities that reward users with cryptocurrency such as $MATIC for @Polygon hubbers, $WAX for @WAX hubbers, $KAVA for Kava hubbers and $TON for @Ton Network Hubbers for their engagement and contributions. This model operates independently of market fluctuations, making it a unique form of earning within the crypto space. It offers major benefits such as Stability in Earnings: Unlike trading, #SocialMining offers consistent earnings unaffected by market dips, crucial during bear markets as rewards are based on individual contributions and community growth. Increased Earning Potential in Bear Markets: In bear markets, #SocialMining can be more lucrative, providing stable income as trading slows, offering valuable consistency when traditional investments falter. Community Engagement and Growth: #SocialMining fosters active participation, supporting individual earnings and ecosystem health. During market uncertainty, it sustains long-term value through community growth and collaboration.
Conclusion As Bitcoin navigates its current demand zone and the broader market seeks equilibrium, the consistent value proposition of #SocialMining stands out. For those looking to earn in the crypto field without being at the mercy of price fluctuations, #SocialMining offers a compelling and resilient alternative. By focusing on community and engagement, it provides a stable and potentially lucrative path, even amidst the unpredictable tides of the crypto market.
What a great idea for Binance to keep on giving to the community - join forces with @DAO Labs to give everyone the chance to learn about #SocialMining - see why below, with all the advantages of this win-win proposal
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Web3 Preacher
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Binance Joining Social Mining Could Revolutionize Blockchain and Web3
Have You Ever Imagined Binance Joining the Social Mining World?
Have you ever thought about the immense benefits that #Binance joining the #SocialMining world could bring? Imagine the world's largest cryptocurrency exchange integrating with social mining hubs like @DAO Labs #AvalancheHub #PolygonHub #KavaHub and @Ton Network . The possibilities are endless with BinanceHub 💯 Unleashing Community Creativity Social mining is renowned for fostering creativity within blockchain communities. Unlike traditional incentive mechanisms, social mining rewards users for innovative contributions, content creation, and community-building efforts. If Binance integrates social mining, it can unleash a wave of user-generated content and projects. This could range from educational materials, innovative dApps, to community-led initiatives that drive engagement and growth. Decentralized Marketing and Outreach Social mining hubs often include mechanisms for community-driven marketing and outreach. By incorporating these features, Binance could leverage its vast user base to spread awareness and adoption organically. Community members can be incentivized to create and share marketing content, host events, or develop educational campaigns. This grassroots approach not only builds trust but also taps into the creativity and reach of the entire Binance community. Empowering Developers with Microgrants Social mining hubs frequently provide microgrants and funding opportunities for promising projects and developers. Binance could implement a similar feature, creating a decentralized fund that rewards innovative projects based on community votes and participation. This would empower developers to build and experiment with new ideas without the need for large, centralized funding, fostering a more inclusive and diverse ecosystem. Localized Community Hubs One unique feature of social mining platforms is the ability to create localized community hubs. These hubs focus on specific regions or languages, ensuring that users worldwide can participate in a meaningful way. Binance could adopt this model, creating regional hubs that cater to local communities, fostering a sense of belonging and ensuring that global participation is truly inclusive. Governance Participation and Rewards While Binance offers staking and governance through BNB, integrating social mining can take this a step further by directly rewarding participation in governance. Users who actively engage in governance proposals, vote, or contribute to decision-making processes can earn additional rewards. This incentivizes a higher level of participation and ensures that the governance process is more democratic and representative.
Enhanced Reputation Systems A robust reputation system is a hallmark of effective social mining hubs. Binance could implement a decentralized reputation system where users earn reputation points for their contributions. These points can unlock additional benefits, access to exclusive features, or higher voting power in governance. This system rewards positive behavior and contributions, fostering a more constructive and collaborative community environment.
Cross-Platform Synergies By joining the social mining world, Binance can create synergies with existing hubs like DAO Labs, AvalancheHub, PolygonHub, Kava, and TONCommunityHub. This collaboration can lead to shared best practices, cross-platform innovations, and a more interconnected blockchain ecosystem. Users and developers can benefit from the combined strengths of these platforms, creating a more robust and resilient web3 landscape.
In conclusion, Binance's entry into the social mining world holds the potential to revolutionize blockchain and web3. By incorporating features such as decentralized marketing, developer microgrants, localized community hubs, and enhanced educational incentives, Binance can significantly enhance its ecosystem. As Binance continues to lead in the cryptocurrency space, its integration with social mining could set new standards for the industry, leaving us all in awe of the possibilities. $BNB $ETH $BTC
Politics and finance, even DeFi, are forever intertwined and this analysis by @marpaci provides the context behind the recent up- down-surges the market is experiencing, take a look!
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marpaci
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Political Reasons for the Rise and Fall in the Crypto Market
Those who are members of @DAO Labs and do #SocialMining as me know. When the crypto market is negative or stagnant, we keep an eye on the price of #BTC and #ETH on the #Binance screen, but we also investigate the new work of the projects we are partners with. Here, I try to announce new developments from time to time. But today, I'm going to get into the political side of the business. What caused #Bitcoin to push past 70K and then fall back to 60K in recent weeks? Summer seasons have been like this for years. A little up, a little down. Then you realize that you are actually in the same place 😊 That's why I love social mining, with the content I make on such days, I can collect the tokens of our partner projects at cheap prices 😊 Let us now look at the biggest political reasons for the rise and then for the fall. These are of course excuses for the rise and fall. However, such events increase the expectation that communities will react similarly to similar developments. As a result, even if it is an excuse, there is an expectation about how the wheel will turn. A BULLET WAS FIRED AT TRUMP, BIDEN WAS SHOT
Yes, before the rise started, unfortunately, news of an assassination came. US Presidential candidate Trump survived this attack with minor injuries. This event led to an increase in Trump votes and ultimately Biden's withdrawal from the race. Known to be close to the crypto market, Trump's approach to winning ignited the first fuse. Later, Trump, who attended the Bitcoin 2024 conference in Nashville, praised Bitcoin. This created great enthusiasm and provided an increase of up to 70K. If I summarise what Trump said at the conference in headings: As soon as I become president, I will fire (SEC Chairman) Gary Gensler.If elected president, I will not sell any Bitcoin that the US government currently holds or will purchase.Never sell your Bitcoins, Bitcoin will rise like never before... Trump, whose similar discourses received great applause, brought great movement to the market. This rise had to have a fall. Excuses began to be sought. MtGox will make new payments, Grayscale has mobilized so much $BTC , etc. And finally, the best excuse was found. War!!! IRAN THREATENS, CRYPTO MARKET COLLAPSES
Increasing Iran-Israel tensions in the Middle East led to sharp declines in the cryptocurrency market 🌍💥. Israel's escalation of tension in the region in recent years has also negatively affected the financial markets. War rhetoric put stock and cryptocurrency markets under pressure. The growing tension between Iran and Israel wiped $ 3 trillion from global stock markets in one day. A pessimistic atmosphere prevails in the cryptocurrency market. Bitcoin (BTC) fell as low as $ 60,500, while Ethereum ($ETH ) fell below $ 3,000. These declines caused a large outflow of money from altcoins, and many altcoins lost over 10 percent. According to CoinGlass data, $289 million worth of positions were liquidated in the last 24 hours. Of these liquidations, $ 247.5 million consisted of long transactions. In the last 24 hours, 87,750 investors received liquidation notifications and lost their open positions. The biggest losses were in BTC with $87.34 million in liquidations and ETH with $80.14 million in liquidations. The Layer-2 index was also affected by this situation and lost 7 percent in value in the last 24 hours. $ZK , one of the layer-2 solutions, fell by 10 percent 📉. I think we will spend the summer period going back and forth in the range of 60K and 70K. Of course, this is not investment advice, just it is my opinion. With the autumn, I hope that bitcoin will slowly enter the bull market ...
As a teacher myself, I find Ms Yam's willingness to open this amazing gate for her students commendable! Our students truly need exposure to the #SocialMining opportunity as early as possible! Congrats!!
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DAO Labs
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Einshen Yam: Balancing Science Teaching and Social Mining
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.
We as the @DAO Labs #SocialMining community keep our eyes on the current market context, although our first focus is always on our own projects ($AVAX , $KAVA , $MATIC for example). So are we in for a dot-com type bubble burst? #US_Job_Market_Slowdown #July_NonFarmPayrolls_Shock #ETH_ETFs_Approval_Predictions Here are some facts: - S&P 500 Performance: The S&P 500 index has increased by 45% since January 2023, largely due to the rise in artificial intelligence (AI) stocks. Key AI companies have shown significant gains: - Nvidia: 745% - Meta Platforms: 305% - Amazon: 117% - Alphabet: 106% - Microsoft: 85% - Market Valuations and Comparisons: Current valuations in the technology sector are high but not as extreme as during the dot-com bubble. The S&P 500 is currently trading at 21.2 times forward earnings, which is above its five- and ten-year averages. During the dot-com bubble, the index traded at 25 times forward earnings. AI and the Gartner Hype Cycle - Gartner Hype Cycle Framework: This framework describes the lifecycle of new technologies in five phases: 1. Innovation Trigger 2. Peak of Inflated Expectations 3. Trough of Disillusionment 4. Slope of Enlightenment 5. Plateau of Productivity - AI's Current Phase: Generative AI is nearing the Peak of Inflated Expectations and might soon enter a correction phase, based on this framework. Differences Between AI Boom and Dot-Com Bubble - Valuation Discrepancies: - Technology stocks today trade at about 30 times forward earnings, whereas during the dot-com bubble, they traded at 55 times. - The largest AI companies (Microsoft, Nvidia, Alphabet, Amazon, Meta Platforms) trade at an average of 49 times forward earnings compared to 59 times for the top dot-com companies (Microsoft, Cisco, Intel, Lucent, IBM) in 2000. - Profitability and Market Dynamics: Today's AI companies are already profitable and provide essential infrastructure for AI adoption, unlike many unprofitable companies during the dot-com bubble. Anticipated Market Dynamics - Market Correction Expectations: Historically, markets experience cyclical corrections. While a downturn is expected at some point, current valuations suggest it might not be as severe as the dot-com crash. - Historical Example of Recovery: Amazon's stock fell 90% after the dot-com bubble but has since increased significantly in value. The current enthusiasm for AI stocks has led to high market valuations. While some analysts draw parallels with the dot-com bubble, differences in current valuations, profitability, and market conditions suggest a less severe impact. The Gartner Hype Cycle indicates that AI may soon move past its peak of inflated expectations.
Social Mining is a unique concept that provides regular income to participants while building strong, informed communities deeply invested in the projects they support. It not only rewards community contributions but also encourages members to be active stakeholders in governance and development. Despite any market fluctuations, social miners can keep earning through their investment of time and effort.
Disclaimer: All the information provided in this article is for informative and educational purposes, and not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!
As liquidity and integration are two Achilles heels of the blockchain systems, this @Polygon AggLayer integration with @Movement Labs MoveVM promises to be a major breakthrough.
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DAO Labs
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Polygon is in Movement: MoveVM is Coming to AggLayer
Hi, social miners. There's a New ' task to earn ! The @Polygon Aggregated Layer, known as AggLayer, has attracted significant attention in the crypto space. Recently, Movement Labs has expressed its intention to join this powerful structure. The Movement testnet boasts $160 million in committed total value locked (TVL), facilitating the integration of future MoveVM-based chains with AggLayer.
To complete this task, you need to conduct thorough research on Movement Labs using the provided blog link and create a detailed Maxipost or an X Thread along with a meme visual. The research should cover the following aspects:
-Movement Labs: Understand what Movement Labs is, and how the integration with AggLayer benefits them. -Integration Details: Explore what Movement Labs is building and how the MoveVM-based chains will function with AggLayer.
Additionally, create an engaging meme visual that illustrates the integration between Movement Labs and AggLayer, forming the MoveVM.
Hashtags and Mentions When sharing your Maxipost, X Thread, or meme visual, ensure to include the following hashtags and mentions to increase visibility and engagement:
Security may be the most important aspect of holding cryptocurrency, and @WAX has the key points to remember 👇👇👇👇
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DAO Labs
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Essential Security Tips for WAX Collectors and Social Miners
Good tidings to the #SocialMining , and especially #WAXHub and $WAXP community! These security tips, which are also closely concerning the users on #WAX Hub, are with you. Besides these important security tips in @WAX , Social mining is not a mere concept designed to help people earn incentives and other gifts; it is a great tool to always be informed and protected in a world that is quickly running into a digital one. One can also gain a lot of insight on the current trends in security that would help him/her to execute social mining activities in the right way. So, Let's examine these security tips about WAX together
It sits well to mention that safety comes as a must in the junior world of digital collectables. So if you are a collector or just starting to collect rare coins, you should take a step to ensure that your digital collections are safe.
First, let comes with password protection, here we should take strong passwords. It is the master access to your digital chest and when generating one the use of combinations of uppercase and lowercase letters, numbers, and symbols is very crucial. It is also important to change your passwords often; and never use the same password in different accounts to reduce risks.
Next, Two-Factor Authentication (2FA) has to be on the list of tools each company and organization must have for protection. This is similar to if you have ADDED another lock to your door, even if someone hacks your key, they cannot get into your home without a code. Ensure the backup of the Recovery Phrase for they will be useful, especially in the case where the 2FA is lost or misplaced.
Collectors require their coins to be more secure hence they use cold wallets like the Ledger. As compared to online wallets, cold wallets work in the offline space thus minimizing the risks of online vulnerabilities. You should view them as the storage boxes of your most precious digital assets.
The last tip to consider is also always be on the lookout for phishing attacks. These can become progressively complex and thus it is recommended to always review the URLs and be wary of any received emails. This is probably one of the most important pieces of advice for those who are involved in trading activities, buying and selling, or investing in any way possible; if an offer sounds unbelievable, then it is most likely just that, unbelievable. One must always check the genuineness of the message being received to avoid being locked into a trap.
Precisely by following these directions, everyone can secure themselves in the sphere of digital assets. Be alert, be aware and protect those precious possessions of yours online. It also benefits WAX Hub users to follow these guidelines, as no one leaves their door unlocked.
We as the @DAO Labs #SocialMining community always follow the continuously evolving cryptocurrency landscape, where our first focus is always on our own projects like $TON and $MATIC . In this article, we will take a look at what @Movement Labs MoveVM and @Polygon AggLayer integration will mean for the blockchain ecosystems. In the blockchain space the two greatest hurdles that developers and users have to face are interoperability and liquidity, and the race is on to provide a better solution than the other operators. This Polygon Agglayer and MoveVM integration sets the stage for a quick and hiccup-free blockchain ecosystem. So, let’s look at what MoveVM is, how it integrates with Polygon's AggLayer, and what benefit is there for developers and end-users.
What is MoveVM? MoveVM is an open-source, chain-agnostic smart contract execution engine (1). It was first developed for Meta’s Libra (now known as Diem, a cryptocurrency project that later shut down 2) The key principles of Move are default security features, runtime and Aptos-specific formal verification, and over all, simplicity (1). For developers features such as unit testing, coverage tooling, IDE plugins, and on-chain decompilation, data model, upgradeability, cross-interaction, code storage and sponsored transactions are only some of the advantages that Move offers (1).
Polygon Labs, one of the DAOLabs supported projects, came up with its innovative “AggLayer” to provide hassle-free interoperability for various blockchains easily across Ethereum Layer 2 ecosystems. How AggLayer Works At its heart, AggLayer is simple and minimalist, relying on a pessimistic proof mechanism for safe transactions between different blockchains. (3) Liquidity fragmentation is a key issue that creates speed bumps along the transaction highway, and the AggLayer solves this problem by aggregating liquidity across a number of blockchains. The ZK (Zero Knowledge) EVM (Ethereum Virtual Machine) provides a wide array of chains to operate like a single chain, which makes it faster. (4)
The Integration of MoveVM with AggLayer When AggLayer integrates with MoveVM, it allows the MoveVM users the opportunity to access the blockchains operating within EVM. That means their reach will now be much wider, increasing their potential for adoption. It also hugely increases liquidity, provides better security for all involved and for the enduser, it makes switching, liquidating and tracking assets much simpler. Of course, it goes without saying this also means transaction fees will be lower!
In conclusion, this integration between Polygon Agglayer and Movement Labs MoveVM is a win-win-win scenario – it benefits the blockchain space as a whole to have better connected, fast systems that allow for safe, secure liquidation and chains that can operate with minimal gas fees with less hassle and hiccups. That is also why we believe supporting our projects on their way to greatness through Social Mining. This DAOLabs innovation is an alternative that allows you to take part in this great paradigm shift, and earn through your own hard work and efforts towards building a community behind a project you believe in.
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!
Exciting SafePal Integration with TON: Join the Giftbox Campaign and Earn Rewards!
Hello, crypto-fanatics!
We are together again with news that excites us all! The Web3 wallet service known as @SafePal has great news for the #TON community! They have implemented @Ton Network into hardware, mobile wallets, and browser extension wallets which is quite easy to interact with the eco-system of TON. Some of the essential elements of this integration include Toncoin and Jettons, TON NFT, the handy TON Connect for flawless interaction with dApps, and Toncoin exchange.
Of course, we don't stop there. These innovations have thrilled Social Miners because the Giftbox campaign creates opportunities for interaction in terms of doing tasks on #DAOLabs ' #TCHub . Apart from the tokens, the Social Miners are also allowed to generate extra bonuses from interacting with the TON ecosystem and encouraging others to do the same. This ranges from content development, and interacting with the community, to posting the latest on the integration with TON. The more one would be willing to invest his or her time and energy into a particular organization the more he or she would stand to benefit through remuneration.
If we talk about the innovation in TON again, The Giftbox campaign is initiated from today to August 29, 2024, for SafePal holders who have at least 1 TON. In this regard, this initiative provides participants with Staking Derivatives of the TON Society (TON SBTs), which are non-spendable tokens that help the participants signify membership within the TON Society. Such tokens serve as a kind of status symbol comparable to officers’ insignia; they grant certain privileges and contribute to forming people’s identity within the TON ecosystem.
DAO Labs' Social Miners previously had more reasons than ever to be involved in the ecosystem evolution. It is not just a portfolio investment, it is an opportunity to be a part of the TON community decentralised governance. That is why everyone can find their niche in this campaign: creators, community activists, or merely fans of #Web3 solutions.
Do not let this pass under your radar as you will be missing out on being part of the future of the TON ecosystem. You can participate in the SafePal Giftbox campaign right now and start receiving your TON SBTs along with actively participating in TC Hub activities. What is most important, it is a pleasant and effective way to communicate with like-minded people, as well as to become an active member of the unique TON community.
Larry Davis (@TheCryptoLark on X @LarkDavis on @Binance just tweeted that Johnny Ng, a member of the Legislative Council of Hong Kong, is proposing the inclusion of $BTC Bitcoin in financial reserves following Donald Trump's speech. Interesting times ahead but that makes it even more important to be careful, cautious and always #Dyor2024