Calculated about the $HMSTR token airdrop? Follow these simple steps to estimate your potential earnings!

*Step-by-Step Guide:*

1. Base Reward: 1M PPH = 1000 HMSTR tokens
2. Boost Rewards:
- Complete tasks in the Earn Section
- Unlock Achievements
- Refer friends or join special events with Keys & Invites
3. Price Estimate (Unofficial): $0.07 - $0.10 per HMSTR token (Note: Subject to change)

*Example Calculation:*

- 1M PPH = 1000 HMSTR tokens
- Lowest price estimate: 1000 HMSTR x $0.07 = $70 potential earnings

*Important:*

- These calculations are unofficial; do your own research (DYOR)
- Double-check your numbers before proceeding

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Introduction

In the midst of significant capital outflows in the cryptocurrency market, certain tokens have experienced notable price declines, leaving many investors with substantial losses. One such case involves the pseudonymous cryptocurrency influencer Machi Big Brother, who has reportedly incurred losses amounting to millions of dollars due to a high-stakes investment.

Contents
1. Massive Losses from FRIEND Token Investment
2. Factors Behind the Decline of FRIEND
3. Concerns Regarding FRIEND's Future Sustainability

1. Massive Losses from FRIEND Token Investment

According to an analysis by Lookonchain, shared in a post on X on September 9, Machi Big Brother's investment in the SocialFi project Friend. Tech (FRIEND) has led to staggering losses of $16 million. Although the precise timing of the initial investment remains undisclosed, it is noted that the influencer spent around 5,200 ETH, equivalent to $16.7 million, to acquire 11.1 million FRIEND tokens. However, due to an ongoing sell-off of FRIEND, on-chain data indicates that the value of this investment has plummeted to just $0.7 million.

This loss is not an isolated incident for the influencer; back in June, it was reported that Machi Big Brother began purchasing FRIEND tokens in early May. By June 8, his total expenditure on FRIEND had reached $15.6 million, reflecting losses of $7.9 million at that time.

2. Factors Behind the Decline of FRIEND

The decline of the ERC-20 token can be attributed to several decisions made by the Friend.Tech team. Notably, the team decided to abandon their control over the smart contracts, which implies a cessation of operations within a year of the platform’s launch.

On September 8, management transferred control of their smart contracts to the Ethereum (ETH) null address, effectively signaling a complete shutdown. This move means that Friend.Tech will no longer be able to perform essential tasks, such as fixing bugs or enhancing features on the platform. The platform was initially designed to enable users to buy and sell shares of social media profiles.
As of the latest update, FRIEND is trading at $0.0619, reflecting a 52% loss within a single day and an alarming 80% decline on the weekly chart.

3. Concerns Regarding FRIEND's Future Sustainability

The losses experienced by Machi Big Brother underscore the inherent volatility in the cryptocurrency market and the critical importance of conducting thorough research prior to making investments.

In the case of Friend. Tech, the centralization of control appears to be a significant factor contributing to its current predicament. The absence of a community-driven narrative may have influenced the decision to relinquish control over the smart contracts.
Some market participants are even drawing parallels to a rug pull, given that the project was backed by venture capitalists. Ultimately, the question remains whether FRIEND can recover with community support or if it will continue to face ongoing losses.

Conclusion and Final Thoughts

The substantial losses incurred by Machi Big Brother demonstrate the high-risk nature of cryptocurrency investments, particularly in volatile markets. The decline of FRIEND serves as a cautionary tale for investors, emphasizing the need for diligent research and an understanding of the underlying dynamics of the projects they invest in. As the cryptocurrency landscape evolves, it will be crucial to monitor how FRIEND navigates its current challenges and whether it can regain traction in the market.

Enter the Future of Banking with enterapp.io – Join the Pre-Sale Now!
The World of Crypto Banking Is Changing - Don't Miss the enterapp.io Pre-Sale!

Let's be real - the traditional banking system hasn't kept up with our digital lives and needs. Between endless fees, rigid rules, and that frustrating sense that you're just a number, it's high time for a financial transformation. That's where crypto neo banking comes in, and the enterapp.io project is leading the charge.
Fundamentally, enterapp.io is a bold new way to take control of your money through the power of blockchain and decentralized finance (DeFi). No more standing in line at the bank or waiting on hold - enterapp.io puts you in the driver's seat through a modern mobile app and web platform.
But enterapp.io isn't just sexy technology and convenience. It's built on principles of transparency, security, and giving users true ownership of their funds through non-custodial wallets. Say goodbye to banks holding your money hostage - your crypto is truly yours with enterapp.io.
The $ENTY Token - Your Key to the Crypto Banking Future 
The enterapp.io ecosystem beats the $ENTY token, an ERC-20 utility token running on the Polygon network. This token isn't just a speculative asset - it unlocks a world of real-world usage and potential gains that'll make your head spin.
With $ENTY, you can easily make payments, purchases, travel bookings, and engage in rewarding DeFi activities like yield farming and staking, all within the enterapp.io platform. No more converting between currencies and assets - $ENTY is a true "one token to rule them all" when it comes to crypto banking.
But here's the twist - the $ENTY token pre-sale presents a rare, possibly once-in-a-lifetime opportunity for investors. During the pre-sale period, tokens are available for just $0.001 each. However, once the public sale opens up, that price rockets up to $0.05 per token.
Let’s do the math - by getting in on the ground floor during the pre-sale, you could see gains of up to 50X on your investment when the token hits that public sale price. It's a potential wealth-building opportunity that could set you up for serious crypto riches.
Getting In On the Action 
Joining the $ENTY pre-sale is a simple, secure process that puts fairness and transparency first. Unlike some shady crypto projects, there are no reserved tokens for the enterapp.io team and strong anti-whale measures to prevent any single entity from dominating the supply.
All you need to do is register on the enterapp.io website and complete a straightforward KYC (Know Your Customer) verification process. This ensures a secure, fully compliant pre-sale environment. From there, you'll connect your crypto wallet like MetaMask or Trust Wallet, and use stablecoins like USDT or USDC to purchase your $ENTY tokens at that sweet $0.001 pre-sale price.
But the benefits go far beyond just potential 50X gains. As an $ENTY holder, you'll be part of an engaged community shaping the future of decentralized banking. Your tokens will earn rewards through staking opportunities, and you'll have a real voice in the direction of the project through community governance mechanisms.
Under the Bonnet of enterapp.io 
While making early investors wealthy is a huge priority, the enterapp.io ecosystem has true substance behind the hype. This is a project built by a world-class team of blockchain engineers, financial experts, and DeFi professionals who have a clear, ambitious roadmap.
enterapp.io combines the best of mobile banking convenience with cutting-edge DeFi technology. Through the app, you'll have access to non-custodial crypto wallets that you fully control, the ability to easily spend crypto through Visa and Mastercard integrations, and opportunities to grow your holdings through DeFi protocols and yield farming strategies.
It's a comprehensive platform for all your crypto finance needs, truly delivering on the "neobank" promise of being a new breed of decentralized, blockchain-powered bank fit for the modern era.
But enterapp.io is not just doing great with its technology and features. It's also built a strong network of partners, supporters, and advocates to boost adoption and growth. They've partnered with top blockchain marketing firms and are talking with big DeFi projects and fintech companies to work together on new services and products.
This understands that winning in crypto neobanking means more than just having cool technology - it's about building a true ecosystem and community of engaged users, developers, and partners all rallying behind a shared vision of financial freedom and empowerment.
The Time Is Now for Crypto Neobanking 
The traditional financial system is held back by outdated processes, a lack of transparency, and a "customer last" mentality. Decentralized, blockchain-powered alternatives like enterapp.io represent a true revolution in how we interact with money in the digital age.
By joining the $ENTY pre-sale, you're not just aiming for potential 50X profits (which are appealing). You're showing that you believe in and support this new way of handling money early on. It's all about spreading power to everyone, making sure people have control over their own finances, and using decentralized systems.
The presale window closes when the presale counter has counted down to the last day. You can find the counter here: www.presale.enterapp.io
This is your golden opportunity to get ahead of the curve and position yourself at the leading edge of crypto neobanking, DeFi, and the future of money itself.
So, Tighten your seat, because the financial future is decentralized - and enterapp.io is driving. Don't miss out on this chance and be part of this innovative and creative idea. Which shows “thinking out of the box.”
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Cryptocurrencies and blockchain technology have rapidly evolved, creating new financial products and services. This innovation has led to varying regulatory responses worldwide as governments and regulatory bodies grapple with integrating these digital assets into existing financial services frameworks. This article explores how crypto assets and their related services fall within these frameworks across different jurisdictions.
United States: Navigating Complex Regulations
In the United States, the regulatory landscape for crypto assets is fragmented, with several agencies having jurisdiction over different aspects of the market.
Securities and Exchange Commission (SEC): The SEC regulates crypto assets that qualify as securities. This is primarily determined by the Howey Test, which assesses whether a transaction involves an investment contract. If deemed securities, crypto assets must comply with the Securities Act of 1933 and the Securities Exchange Act of 1934, including registration and disclosure requirements.Commodity Futures Trading Commission (CFTC): The CFTC oversees crypto assets classified as commodities, such as Bitcoin. This includes regulation of derivatives trading under the Commodity Exchange Act.Financial Crimes Enforcement Network (FinCEN): FinCEN enforces AML regulations. Crypto exchanges and wallet providers must implement AML and KYC measures, similar to traditional financial institutions, under the Bank Secrecy Act (BSA).Internal Revenue Service (IRS): The IRS treats crypto assets as property for tax purposes, meaning capital gains tax applies to transactions involving crypto assets.
The U.S. regulatory approach emphasizes compliance and consumer protection, but the lack of a unified framework creates complexity for market participants.
European Union: Toward Comprehensive Regulation
The European Union is moving towards a more harmonized regulatory environment for crypto assets.
Markets in Financial Instruments Directive (MiFID II): Some crypto assets fall under MiFID II if they qualify as financial instruments. This brings them under stringent requirements, including transparency, reporting, and investor protection measures.Anti-Money Laundering Directives (AMLD5 and AMLD6): These directives require crypto exchanges and wallet providers to implement robust AML and KYC measures.Markets in Crypto-Assets Regulation (MiCA): Set to be implemented in 2024, MiCA aims to provide a unified regulatory framework across the EU. It will cover the issuance, trading, and custody of crypto assets, ensuring a consistent approach to investor protection and market integrity.
MiCA represents a significant step towards a comprehensive and coherent regulatory framework, balancing innovation with financial stability.
United Kingdom: Structured but Adaptable
In the United Kingdom, the Financial Conduct Authority (FCA) plays a central role in regulating crypto assets.
Financial Services and Markets Act 2000 (FSMA): Crypto assets classified as securities must comply with the FSMA, including requirements for disclosure, registration, and conduct.AML and KYC: The FCA mandates that crypto businesses comply with the Money Laundering, Terrorist Financing, and Transfer of Funds Regulations 2017. This includes robust AML and KYC measures to prevent illicit activities.HM Revenue & Customs (HMRC): HMRC treats crypto assets as property, and capital gains tax applies to transactions. Clear guidelines ensure compliance with tax obligations.
The UK’s approach is structured, providing clear regulatory pathways while remaining adaptable to the evolving nature of crypto assets.
Japan: Proactive and Protective
Japan has been proactive in creating a regulatory framework for crypto assets, focusing on consumer protection and market integrity.
Payment Services Act (PSA): This act regulates the exchange of crypto assets, requiring exchanges to register with the Financial Services Agency (FSA) and comply with AML and KYC requirements.Financial Instruments and Exchange Act (FIEA): Crypto assets considered securities are regulated under the FIEA, including stringent requirements for disclosure and investor protection.Taxation: The National Tax Agency (NTA) treats gains from crypto assets as miscellaneous income, subjecting them to income tax.
Japan’s regulatory framework is comprehensive, ensuring robust oversight while fostering innovation.
Singapore: Innovation with Oversight
Singapore’s regulatory approach balances innovation with robust oversight.
Payment Services Act (PSA): Introduced in 2019, the PSA provides a comprehensive regulatory framework for payment services, including digital payment token services. Crypto businesses must register and comply with AML and CFT measures.Monetary Authority of Singapore (MAS): MAS has issued guidelines on AML and countering the financing of terrorism (CFT) for digital payment tokens. MAS also engages with industry stakeholders to ensure regulations keep pace with technological advancements.Taxation: The Inland Revenue Authority of Singapore (IRAS) provides clear guidelines on the taxation of digital tokens, treating them as goods or services for GST purposes.
Singapore’s approach encourages innovation while ensuring the financial system's integrity and security.
Conclusion
The integration of crypto assets and their related services into existing financial services regulatory frameworks varies significantly across jurisdictions. While some countries like the United States adopt a fragmented approach with multiple regulatory bodies, others like the European Union and Japan are moving towards more unified and comprehensive frameworks. Regulatory clarity and consistency are crucial for fostering innovation while ensuring consumer protection and market stability. As the crypto market evolves, ongoing regulatory adaptation and international cooperation will be essential in addressing the challenges and opportunities presented by this dynamic sector.
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