There's definitely no doubt Meme coins has been gaining lot of traction in the crypto space these days as a result of a just concluded DOGS airdrop, a telegram based airdrop built on the TON Blockchain which affected the $TON Network due to numerous airdrop participants.
Most Web3 Enthusiasts who learn and contribute into Web3 projects built on popular blockchain such as $BTC , $ETH and others through Social Mining were also able to take part in the massive DOGS airdrop program on Telegram. Aside from the fact that DOGS was launched on $TON Blockchain via Telegram, these set of Web3 Contributors (Social Miners) are always consistent within the telegram community which gives them more opportunity to stay updated with ongoing events on both TON Blockchain and Telegram.
Without wasting more time, let's delve into the concept of Memecoins and it effect on Cryptocurrency and Blockchain Technology.
What Are Meme Coins?
Meme Coins are any form of cryptocurrency named after animals, individuals, characters, artwork, or anything else in an attempt to be funny and attracting more user base by promising a fun community. This explains the reason behind some people defining Meme Coins as a "Joke" due to the character and features it portrays.

The Meme Coin journey began during the days of Dogecoin(DOGE) which now have a marketcap of over 10 Billion Dollars. The first ever Meme coin (DOGE) gained lot of attention such that Elon Musk had to tweet about it causing more buying pressure from users.
Ever since the successful launch of DOGE as a meme Coin, there are now over 10 million meme coins available in the Crypto space with different use cases and the good news is that these Meme coins are built using Blockchain Technology.

Unlike traditional cryptocurrencies, Meme coins can mostly be distinguished by it's huge supply making it hexadecimal in numbers as regards to it's worth provided more technical actions are taken by the team to reduce the supply by implementing a Token Burn system or other methods which makes the coin more worthy and valuable.
The Effect of Meme Coins in Cryptocurrency and Blockchain Technology
One of the major advantage of Meme Coin in the realm of Cryptocurrency and Blockchain Technology is it's ability to bring about mass adoption. There's definitely no doubt most of the increasing number of users we celebrate today in the crypto space are sometimes majorly from Meme coins project.

A recent example that can be used to explain this statement can be observed from the DOGS airdrop built on TON Blockchain. The existence of the DOGS airdrop didn't only bring about mass adoption, it also increased the number of Telegram users in the online space with over million of users claiming the DOGS Meme Coin airdrop.
Conclusion
In conclusion, Meme coins plays a significant impact in world of Cryptocurrency and Blockchain Technology as it has helped in mass adoption. Meme coins are now being utilized for different use cases such as Art, community rewards, Charity and other valuable use cases.

Thank you for your time and I hope you have a great day ahead with love from @hardaeborla ❤️💕❤️
#web3 #DAOVERSE #DAOLabs #SocialMining

In the ever-evolving world of decentralized finance (DeFi), Real World Assets (RWAs) have emerged as a significant development when it comes to bridging the gap between traditional finance and blockchain technology just exactly the same way #SocialMining has been impacting the #Web3 space by enabling Web3 Enthusiasts contribute and earn valuable rewards which can be traded for $BTC $ETH $BNB or other Cryptocurrency of their choice.
One of the most prominent projects that can never be neglected when it comes to RWAs is MakerDAO, a pioneer in the DeFi space known for its stablecoin, DAI. In this blog post, we will be exploring the concept of Real World Assets(RWAs) including how MakerDAO is leveraging them, and it impact on the future of Finance.
What Are Real World Assets (RWAs)?

Real World Assets as the name implies refer to tangible, physical assets that exist in the traditional financial system but are tokenized to be used within blockchain ecosystems. These can include physical assets can be seen such as real estate or landed properties, bonds, invoices, and even commodities like gold, silver and bronze. The tokenization of these assets allows them to be traded and used as a collateral. Also they can be leveraged within #DeFi platforms, providing liquidity and financial inclusion in ways you can ever imagine.
Also, tokenizing Real World Asset allows them to be more easily traded, fractionalized, and used as collateral in various financial operations. This process helps to bridge the gap between traditional banking system and digital assets which can help to potentially unlock new liquidity and also bring about investment opportunities for users. For example, a tokenized real estate can easily be traded on a blockchain platform irrespective of your location, giving room for investors to buy and sell shares of landed property in a more similar way they trade stocks.
Real World Assets are considered highly valuable in the world of Cryptocurrency and Decentralized Finance because they bring stability and real-world value into the erratic, volatile and speculative digital asset market.
The Importance of RWAs in DeFi

Integrating Real World Assets into Decentralized Finance platforms helps to solve the following challenges:
Increase In Liquidity: According to Jordan Cole from BlockApps, he stated that "By tokenizing traditionally illiquid assets like real estate, RWA tokenization enables asset owners to unlock liquidity and allows investors to trade these tokens on decentralized exchanges". There's also definitely no doubt Real World Assets can help generate over millions of dollars of liquidity into the DeFi ecosystem, allowing for more robust financial products and services. Stability: One of the major benefit that can never be ignored when it comes to Real World Assets is it's ability to bring about stability in the DeFi ecosystem. By collateralizing stable and well-understood assets, RWAs can help reduce the volatility often associated with crypto assets which provides more stable and efficient predictable returns.Regulatory Compliance: Real World Assets can facilitate better compliance with existing financial regulations since they already have legal frameworks within traditional finance, making them more adaptable to regulators. Also, Real World Assets tokenization democratizes access to investment opportunities by enabling global investors to participate in markets that were previously restricted due to geographical or financial issues. Diversification: There's a popular saying that "Never put all your eggs in one basket". By integrating RWAs with Decentralized Finance, DeFi platforms can diversify their asset pools which helps to reduce reliance on highly volatile cryptocurrencies and spreading risk across different asset with different use cases.
MakerDAO: A Pioneer in Integrating RWAs

According to CoinMarketCap, MakerDAO is ranked the top 4 RWAs Tokens by Market Capitalization. MakerDAO has long been a trailblazer in the DeFi space and it is mostly known for its stablecoin, DAI, which is pegged to the US dollar and backed by several crypto assets enabling it's stability. However, recognizing the potential of RWAs, MakerDAO has increased its collateral options to include these assets which helps to create new possibilities for both the platform and its users.
How MakerDAO Uses RWAs
MakerDAO's integration of RWAs into its protocol is a strategic move to boost the stability and scalability of it's stable coin known as DAI. The process works as follows:
Tokenization: The process begin by tokenizing traditional assets which has to do with creating digital representations that can be used within MakerDAO's system.Collateralization: These tokenized assets are then used as collateral to mint new DAI, MakerDAO's stable coin. This can be done by locking the RWAs in a smart contract, similar to how crypto assets are used as collateral.Debt Issuance: Once the RWAs are collateralized, users can borrow DAI against them. This allows asset owners to unlock liquidity without selling their assets which is also a significant advantage over traditional finance methods.Interest Payments: Similar to crypto-collateralized loans, users must pay interest on their borrowed DAI. This system is also adopted by traditional banking system. The interest rate is determined by various factors, such as type of asset and market situation.Liquidation: If the collateral value drops below a certain limit, the assets can be liquidated to repay the loan which ensures the stability of the system.
Case Study: Societe Generale(SC-FORGE) and MakerDAO

One of the most notable examples of Real World Assets practical example within MakerDAO is its collaboration with Societe Generale, an investment firm which is authorized to perform MiFID2 investment services under the supervision of the Prudential Supervision and Resolution Authority (Autorité de contrôle prudentiel et de résolution), and under the control of the Financial Markets Authority (Autorité des Marchés Financiers – AMF) and registered as PSAN (“Prestataire de Services sur Actifs Numériques” / Digital Asset Service Provider).

On September 2021, Societe Generale submitted a proposal to MakerDAO to use covered bonds (a type of debt instrument) as collateral for DAI loans. This was a groundbreaking moment for Decentralized Finance, as it marked the first time a gigantic financial institution collaborated with a decentralized protocol in this way.
Early last year (January, 2023), Societe Generale–FORGE (SG-FORGE) facilitated a loan to its parent company (Societe Generale) which was used to refinance covered bonds held by the bank, which were issued as Security Tokens directly on the Ethereum public blockchain (referred to as OFH Tokens). SG-FORGE secured the funds for this loan from the crypto market by borrowing DAI stablecoins through MakerDAO, a leading decentralized finance (DeFi) protocol. The OFH Tokens were used as collateral for the loan and pledged by SG-FORGE to MakerDAO.
The success of this collaboration demonstrated how RWAs can be used as a tool to bring legitimacy and mainstream adoption to the DeFi space. It also highlighted the flexibility and efficiency of MakerDAO's system as it is capable of accepting both traditional and digital assets.
The Future of RWAs in DeFi

The integration of RWAs into DeFi platforms like MakerDAO is just the beginning. As this new technology develops and more traditional financial institutions explore blockchain, the scope for RWAs will continue to expand. Here are some potential developments to watch:
Institutional Adoption: As seen with Societe Generale, more traditional financial institutions are likely to join the DeFi space by using Real World Assets to unlock new revenue streams and improve liquidity.Adoption of More Asset Types: It is undoubtedly that most RWAs in DeFi are majorly focused on real estate and bonds. There's high chance, we start seeing expansion into other asset types including commodities like Agricultural Products, intellectual property, and even carbon credits.Enhanced Stability : Real World Assets can play a crucial role when it comes to stabilizing stablecoins like DAI, making them more resistant to market fluctuations and increasing their demand as a reliable store of value.
Conclusion
Real World Assets play a great role for more adoption in Decentralized Finance system as it bridges the gap between traditional finance and the innovative world of Blockchain Technology. MakerDAO's integration of RWAs into its platform has set a precedent for the industry, demonstrating the potential for these assets to enhance liquidity, stability, and accessibility in decentralized finance.

As the adoption of RWAs continues to grow, we are likely to see a new era of financial innovation, where the lines between traditional and decentralized finance intersect to create a more inclusive and efficient global financial system in the DeFi Ecosystem.

Thank You for your time and I hope you have a great day ahead with love from @hardaeborla ❤️💕

Reference Links
https://lisk.com/blog/posts/real-world-assets-are-transforming-emerging-markets
https://makerdao.com/en/
https://www.sgforge.com/refinancing-dai-stablecoin-defi-makerdao/
https://blockapps.net/blog/understanding-the-technology-behind-rwa-blockchain-basics/
https://coinmarketcap.com/view/real-world-assets/

There's definitely no doubt, @Polygon has been providing highly efficient solution when it comes to blockchain scalability. This has also positively impacted the Polygon Blockchain by expanding it's scalable solutions to over 20 Blockchain Networks including Ethereum $ETH and some other projects built on #BinanceSmartChain $BNB

The Polygon community is also expanding with the impact of Web3 Enthusiast who have been contributing to the Polygon Blockchain through a process known as #SocialMining and this has led to more #web3 projects collaborating with it's network and utilizing it's highly efficient tools and services.

In the evolving world of blockchain technology, interoperability and liquidity are very important for fostering innovation and growth. Movement Labs, a pioneer in the development of the Move smart contract language, is taking a major step toward expanding the range of chains that can integrate with the Polygon AggLayer. By allowing MoveVM-based Layer 2 (L2) chains to join the AggLayer, Movement Labs is setting the stage for a more unified and efficient blockchain ecosystem.

The Vision of AggLayer

The AggLayer is designed to be as unopinionated as possible, meaning it does not impose strict rules on the types of chains that can connect to it. The Aggregation Layer solves blockchain fragmentation by enabling sovereign chains to securely share liquidity, users, and state. Instead, it relies on a pessimistic proof approach to ensure secure cross-chain transactions. This flexibility allows for a diverse range of chains to join the AggLayer, creating a unified network of liquidity and users. The AggLayer will be a decentralized protocol consisting of two key components: a universal bridge and a ZK-powered mechanism. This mechanism offers a cryptographic guarantee of safety, enabling seamless cross-chain interoperability. By utilizing ZK proofs for security, chains connected to the AggLayer can maintain their sovereignty and modularity while delivering a user experience as seamless as that of monolithic chains. The goal is to enable seamless interaction between different blockchain ecosystems, enhancing the overall efficiency and reach of decentralized applications (dApps).

Movement Labs' Groundbreaking Announcement
Movement Labs has recently announced that MoveVM-based L2 chains can now join the AggLayer. This integration marks a significant milestone, as Movement Labs becomes the first Move-based network to utilize the AggLayer. By bridging the gap between the Move and Ethereum Virtual Machine (EVM) ecosystems, Movement Labs is paving the way for a future where MoveVM-based chains can seamlessly interoperate with the liquidity and users of any AggChain.

Launch of Movement Labs' Public Testnet

Coinciding with this announcement is the launch of the public testnet for Movement Labs. This testnet, which has already secured $160 million in committed Total Value Locked (TVL) before the mainnet launch, will play a crucial role in the integration of MoveVM-based chains with the AggLayer. The testnet's success will demonstrate the potential for these chains to operate within a unified network, benefiting from shared liquidity and user bases.

The Power of Move Stack
Movement Labs' innovation doesn't stop at the integration with AggLayer. The company has developed Move Stack, a rollup kit that enables developers to design and launch parallelizable MoveVM chains. With Move Stack, developers have the option to integrate their chains with the AggLayer, further expanding the network of unified liquidity and shared users. This powerful tool allows developers to harness the benefits of Move's parallelized execution and enhanced developer efficiency, resulting in faster and more scalable chains.

MoveVM: A Fusion of Move and EVM
MoveVM represents the combination of the Move programming language and the EVM. This unique combination allows developers to deploy Solidity contracts without needing to modify their code, while still maintaining the security and efficiency benefits of the Move language. With MoveVM, developers can take advantage of both ecosystems, creating more versatile and powerful applications.

Rollup-as-a-Service: A Game Changer
Recently, Movement Labs launched the testnet of its new Rollup-as-a-Service platform, which has already garnered significant interest from developers. This platform allows developers to easily deploy their own rollups, further contributing to the growth and expansion of the Move ecosystem. The demand for this service highlights the growing interest in MoveVM-based chains and their potential to revolutionize the blockchain landscape.

A New Era of Aggregation

With the integration of MoveVM-based L2 chains into the AggLayer, Movement Labs is taking another important step toward a future where diverse blockchain ecosystems can coexist and thrive. By enabling new and different kinds of aggregated chains to join the AggLayer, developers now have the opportunity to unlock growth at a scale previously unimaginable. The combination of Movement Labs' innovations and the AggLayer's aggregation capabilities promises to drive the next wave of blockchain development, bringing us closer to a truly interconnected and unified digital world.

Reference Links
https://polygon.technology/blog/movement-labs-to-unify-liquidity-and-community-of-movevm-based-l2-chains-with-agglayer

Thank You for your time and I hope you have a great day ahead with love from @Hardaeborla 💕❤️💕

#DAOVERSE #DAOLabs

The Polygon network is undergoing a significant upgrade, transitioning from MATIC to a new token called POL. This upgrade is a fully community-driven initiative, reflecting the evolving vision of Polygon as an aggregated blockchain network. In this blog post, we will explore the POL token migration process, the rationale behind the upgrade, and what it means for MATIC holders.

Understanding the POL Token
The proposal for POL, first introduced last year in PIP-17, aimed to enhance Polygon’s utility by upgrading its native token, MATIC. The community's feedback was immense and immediate, showcasing the need for a token that could support an expanded utility for Polygon’s aggregated blockchain network.

POL is designed as a hyperproductive token that can provide valuable services to any chain within the Polygon network, including the AggLayer. This upgrade aligns with Polygon’s vision of becoming an ever-growing network of blockchains, making POL a future-proof token that secures and supports this growth.

The Community Governance Process
The journey of POL began when the ERC-20 contracts went live on Ethereum last October. This marked the initial step towards achieving a community-led vision. Subsequent PIPs and community consensus further refined the concept of POL, setting the stage for the full upgrade.

Key Roles of POL
POL is not just an upgrade but a transformation. It will play essential roles in the upcoming Polygon staking hub, set to launch in 2025. These roles include block generation, zero-knowledge proof generation, and participation in Data Availability Committees (DACs). This comprehensive utility ensures that POL is more than just a token; it’s a vital component of the Polygon ecosystem.

Immediate Utility on Polygon PoS
Despite its future-oriented features, POL will have immediate utility on the existing Polygon Proof-of-Stake (PoS) network. Starting September 4, 2024, POL will become the native gas and staking token for Polygon PoS, critical for maintaining network security. Validators on Polygon PoS will need to stake POL (upgraded from MATIC) to earn protocol rewards and transaction fees.
What Does This Mean for MATIC Holders?
For MATIC holders on Polygon PoS, the transition will be seamless. On September 4, 2024, all MATIC tokens on the Polygon PoS chain will automatically migrate to POL tokens. Users do not need to take any action. However, they should update RPC settings in their wallets to reflect the token symbol change from “MATIC” to “POL.”
For MATIC holders on Ethereum or Polygon zkEVM, some action may be required. A migration contract on Ethereum will enable MATIC holders to upgrade to POL permissionlessly. Users can also use third-party decentralized exchange (DEX) aggregators like 1inch, Kyber, or CowSwap for this upgrade. For zkEVM users, bridging MATIC tokens to Ethereum and then following the upgrade instructions for Ethereum holders is another option.
Ensuring a Smooth Technical Upgrade
The POL upgrade is a significant undertaking that necessitates robust security measures and extensive testing. To this end, the POL upgrade on the testnet went live on July 17, 2024. This testnet migration serves as a dress rehearsal, allowing users, developers, and infrastructure providers to familiarize themselves with the upgrade processes, ensuring technical validation, and minimizing disruptions during the mainnet upgrade.
Implications for DeFi Protocols and dApps
DeFi protocols and dApps on Polygon PoS will see their liquidity pools upgrade from MATIC to POL on September 4, 2024. Core developers should consider transitioning to a POL price oracle to ensure accurate price feeds and data integration. Additionally, deprecating the use of MATIC and wMATIC on dApp front ends in favor of POL and wPOL is advisable to maintain accuracy regarding the relevant gas token.
Stakers and Delegators
For stakers and delegators of MATIC on Ethereum securing the Polygon PoS network, all staked MATIC will be automatically upgraded to POL on September 4, 2024. If users do not wish their staked MATIC to be upgraded to staked POL, they need to unstake their MATIC on Ethereum before September 1, 2024, keeping in mind the 48-hour withdrawal period.

Conclusion
The transition from MATIC to POL marks a significant milestone for the Polygon community. This upgrade not only enhances the utility of Polygon’s native token but also aligns with the vision of Polygon as a network of aggregated blockchains. By understanding the migration process and the roles of POL, MATIC holders can seamlessly navigate this upgrade and continue to contribute to the growth and security of the Polygon ecosystem.
Stay tuned for more updates as we approach the mainnet migration date, and ensure you are prepared for this exciting transformation!

In an evolving blockchain landscape, Avalanche has introduced Proposal ACP-77, which aims to redefine the way we think about dedicated blockchains and validator structures. This proposal is not just another incremental update but a significant leap towards making Avalanche subnets more accessible, cost-effective, and competitive in a rapidly growing market. Here's an in-depth look at what ACP-77 entails and why it could be a game-changer for blockchain developers and users alike.

Introduction to ACP-77
Avalanche Community Proposal 77 (ACP-77) introduces a new type of validator known as "Subnet Validators." This innovative approach significantly lowers the barriers to entry for launching dedicated blockchains (subnets) by reducing hardware requirements and upfront costs. Additionally, it implements a continuous fee mechanism where subnets pay fees to the P-Chain, the primary Avalanche chain, ensuring sustainability and economic alignment.

The Competitive Landscape
To understand the importance of ACP-77, it's essential to compare Avalanche's approach with other leading blockchain solutions. Recent advancements, such as Ethereum's EIP-4844, have drastically reduced rollup costs, making rollups a popular choice for dedicated blockchains. For example, OP Stack chains currently cost around $2/MB for posting data to the Ethereum mainnet, compared to $15/MB for Arbitrum and $150/MB for ZKSync.
Leveraging Paradigm's recent research, which suggests evaluating EVM performance based on Gas Per Second (GPS) rather than Transactions Per Second (TPS), Blockworks Research proposes a new standard for assessing EVM unit cost structures. This provides a clearer picture of the economic efficiency of various blockchain solutions.

Why Launch a Dedicated Blockchain?
Dedicated blockchains offer several advantages over shared execution environments:
Performance: High demand on Ethereum mainnet leads to high costs for end users, while Solana's congestion issues have made it unreliable at times. Dedicated blockchains provide more predictable performance and costs
Customizability: Shared state machines like Ethereum and Solana limit developers' ability to tailor their applications. Dedicated blockchains allow for greater customization, enabling developers to optimize the user experience and implement unique features.Value Capture and Token Demand Drivers: Dedicated blockchains can capture value at multiple layers, creating new demand drivers for native tokens. For example, DeFi Kingdoms' architecture choice has made its native token JEWEL the fee token, driving demand based on the chain's success
The Future of Dedicated Blockchains
As crypto applications mature, the need for customizability, performance, and value capture will drive developers towards dedicated blockchains. ACP-77 positions Avalanche as a leading platform for building high-performance, interoperable blockchains. It offers a theoretically cost-effective way to launch a blockchain with redundancy to prevent liveness faults and ensure native interoperability.

Conclusion
ACP-77 is a bold step towards ensuring Avalanche's competitiveness in the blockchain ecosystem. By introducing Subnet Validators, the proposal lowers the barriers to entry, reduces costs, and enhances the overall value proposition of Avalanche subnets. Blockworks Research supports ACP-77 and advocates for future proposals that focus on long-term cost structures, further solidifying Avalanche's position as a premier platform for dedicated blockchains.

As the blockchain space continues to evolve, Avalanche's proactive approach with ACP-77 could set a new standard for dedicated blockchain solutions, attracting the next wave of crypto app developers and mainstream adoption.

Hello!! I hope you're doing well. I'm thrilled to have you here on my blog today. It means a lot to have such wonderful readers like you. Thank you for stopping by 🙂❤️

Bitcoin mining remains one of the most prevalent methods for acquiring or earning Bitcoin. However, it's essential to acknowledge its significant energy consumption and the specific machine and computer requirements involved.

Bitcoin mining is the process by which new Bitcoin transactions are added to the blockchain, validating and securing them using computational power. This process, while essential for the cryptocurrency ecosystem, is notorious for its high energy demands. Miners compete to solve complex mathematical puzzles also known as Algorithms, and the first to solve each puzzle validates the transactions and earns newly minted $BTC BTC as a reward.

In previous years, many Bitcoin miners made a living by solving complex algorithms and earning Bitcoin ($BTC ) through a process known as Proof of Work (PoW). This method involves validating transactions and securing the Bitcoin network, for which miners are rewarded with newly minted BTC which are later sold in the market.

The New Trend By US Bitcoin Miners

An astonishing trend has emerged among US Bitcoin miners, with companies like Marathon Digital Holdings choosing to mine and hold (HODL) their Bitcoin rather than selling it in the market. Last month (June), Marathon Digital Holdings refrained from selling any of their mined Bitcoin, adhering to a strategy that prioritizes accumulation over liquidation.

This holding strategy isn't unique to Marathon Digital Holdings. Riot Platforms has also demonstrated a strong commitment to HODLing, not having sold any BTC since January. CleanSpark which is also another notable US miner, has only sold nominal amounts of Bitcoin, reflecting a similar approach. The decision to hold rather than sell mined Bitcoin is influenced by several factors. Primarily, these companies may be anticipating a future increase in Bitcoin's value, choosing to build a substantial reserve of BTC in anticipation of higher prices. By holding their Bitcoin, these miners are positioning themselves to potentially realize greater profits in the long term compared to selling at current market prices.

In a recent interview with Cointelegraph, Marathon’s chief financial officer Salman Khan shared his perspective on Bitcoin as a valuable digital asset. He emphasized that Bitcoin can remain on the balance sheet without incurring storage costs. Khan also stated that Marathon does not need to sell its Bitcoin monthly, as the company strongly believes Bitcoin will reach a new all-time high over time.

Despite Marathon Digital Holdings owning about 18,536 Bitcoin worth over $1 billion, up 48% from 2023's total of 12,538, the company’s confidence in Bitcoin's future value prevents them from selling. They view Bitcoin as a valuable asset that has the potential to appreciate significantly.

The strategy adopted by US Bitcoin miners like Marathon Digital Holdings, Riot Platforms, and CleanSpark to mine and HODL their Bitcoin reflects a calculated bet on the future value of BTC. By choosing to accumulate rather than sell, these companies are positioning themselves for potential long-term gains and contributing to the evolving dynamics of the cryptocurrency market.
An Advantage For Crypto Earners
Did you know that it's possible to own certain cryptocurrencies without spending any money? Thanks to Web3, this has become more feasible in the crypto space.
Earning Through Decentralized Social Media Platforms
Some crypto enthusiasts earn cryptocurrency through decentralized social media platforms like Steemit, Hive, Leofinance, Neoxian.city, Publish0x, and many others. These platforms offer the opportunity to earn cryptocurrency whenever users create content.

This model provides an alternative to centralized social media platforms, where content creators often rely on advert revenue or sponsorships. Instead, decentralized platforms reward users directly, fostering a more equitable distribution of value. It also empowers creators, giving them control over their earnings and reducing dependence on centralized authorities.

Earning Through Crypto Airdrops
Some users also earn cryptocurrency by participating in airdrops, which require them to complete certain tasks to earn valuable rewards. However, it's important to be cautious, as there are many scams and non-genuine projects that use this strategy to exploit users without providing rewards in return.

Airdrops typically involve distributing free tokens to users who complete specific tasks, such as following social media accounts, sharing posts, or joining online communities via Discord, Telegram and others. These tasks can be relatively simple and offer participants a chance to earn valuable crypto rewards. Airdrops are often used by new projects to build community engagement, increase awareness, and distribute tokens widely.

Earning Through Social Mining
Since Web3 is revolutionizing decentralization in the crypto community, a new concept known as Social Mining has emerged, particularly within DAOVERSE, a type of Decentralized Autonomous Organization (DAO). Social Mining has been adopted by various Web3 and cryptocurrency projects, including KAVA, TON, Polygon, WAX, AVAX, and DAOLabs. This model allows Web3 enthusiasts, also known as Social Miners, to contribute to these projects and earn valuable cryptocurrency rewards for their efforts.

Social Mining utilizes blockchain technology to transparently reward individuals for their contributions to DAOs and decentralized ecosystems. Unlike traditional airdrops, which involves computational tasks, Social Mining focuses on social contributions such as content creation, community engagement, and network promotion. These activities enhance project visibility, foster community growth, and drive ecosystem development.

Social Mining stands at the forefront of Web3 innovation, offering a transformative approach to community engagement and value distribution. By rewarding contributions beyond mere computational power, Social Mining pioneers a new era of inclusive participation and decentralized growth in the cryptocurrency ecosystem.

Tap Tap Tap
Another recent method of earning cryptocurrency is through playing Telegram Games, where users tap their smartphone screens to earn valuable rewards. This innovation is made possible by TON Blockchain, showcasing a significant advancement in Blockchain Technology and Web3.

Telegram Games represent a pioneering integration of blockchain technology into everyday interactions on messaging platforms. These games allow users to earn valuable cryptocurrency rewards simply by tapping their smartphone screens and engaging in gameplay. This innovative approach doesn't only gamify the process of earning cryptocurrency but also demonstrates the versatility and potential of decentralized technologies and thanks to TON for making this possible.

What's In Store For Crypto Earners & Social Miners?
The volatility of Bitcoin often influences the entire crypto space, affecting the prices of other altcoins. Despite this, crypto earners find ways to manage their profits and losses amidst market conditions. The drastic fall of Bitcoin, or a Bitcoin crash, is typically triggered by large-scale selling or dumping of Bitcoin, often in response to specific news or FUD (Fear, Uncertainty, Doubt) against Bitcoin. Conversely, Bitcoin's rise can be fueled by significant buybacks from believers in the cryptocurrency.

The decision of US miners to hold onto their Bitcoins can indeed have a significant impact on its price, potentially increasing its worth and value over time. This reduced selling pressure from miners could contribute to Bitcoin's appreciation. As a result, social miners and other crypto earners may see increased rewards for their contributions to the crypto space, further enhancing the value of cryptocurrencies overall.
Share Your Opinion

Since most US Bitcoin Miners are now keen on holding their Bitcoins rather than selling their Bitcoins. How do you think this will affect the Cryptocurrency space? Do you think other Bitcoin miners in other countries would adopt the same action? How do you think this will affect other Cryptocurrency earners? Share your view in the comment section.

Reference Links
https://cointelegraph.com/news/us-bitcoin-miners-hodl-btc-pricehttps://docs.daolabs.com/social-mining-docs

Thank You for your time and I hope you have a great day ahead with love from @Hardaeborla
#Bitcoin❗ #DAOVERSE #SocialMining #CryptoNewss #cryptocurrency

Cryptocurrency and blockchain technology have significantly enhanced the feasibility of decentralization in finance. Numerous cryptocurrency projects now provide decentralized finance (DeFi) services worldwide. It's impressive to witness individuals engaging in staking, lending, farming, borrowing, and various other DeFi transactions facilitated by blockchain technology just exactly the same way users are contributing to Web3 projects and earning valuable rewards through a process known as #SocialMining.

The good news is that people can now experience the benefits of decentralized finance on the $NEAR blockchain by using Jump DeFi. In addition to DeFi services, users can create sustainable tokens with genuine value-generating utilities through the Jump DeFi token laboratory.

What's Jump Defi All About ?

Jump DeFi is a comprehensive platform built on Near Protocol, offering decentralized finance capabilities to both users and developers. It consolidates functionalities that would typically require three separate protocols on the Near blockchain. Moreover, Jump DeFi is currently accessible on NEAR Protocol, Aptos, Avalanche, Solana, and Arbitrum, providing widespread usability across different blockchain ecosystems.

Jump DeFi brings decentralized finance within reach for both users and developers. Jump DeFi is a unique and comprehensive decentralized finance platform that operates not only on NEAR Protocol but also on other innovative L1/L2 blockchain ecosystems. Unlike other platforms, Jump DeFi offers a wide range of products and services that cater for both users and developers.

For developers, Jump DeFi offers a developer-friendly environment that encourages innovation and growth. It supports smart contract deployment, which means developers can create and deploy their own DeFi applications seamlessly. Moreover, the platform strives to maintain compatibility with the Ethereum Virtual Machine (EVM), ensuring that existing Ethereum-based contracts and tools can be used with minimal modifications on Jump DeFi.

JumpDeFi x Mantle Partnership

The Mantle Network leverages Jump DeFi's extensive user base and developer community. This collaboration integrates Mantle Network's scaling solutions into the Jump DeFi platform, broadening their outreach to a diverse audience and fostering adoption across various blockchain ecosystems.

Jump DeFi and Mantle Network are joining forces to drive innovation in the DeFi sector and empower both users and developers. This collaboration represents a major step forward in the evolution of decentralized finance, uniting two advanced technologies to enhance accessibility, efficiency, and security within the DeFi ecosystem. Users will enjoy a streamlined DeFi experience, while developers gain expanded opportunities to create and deploy decentralized applications on scalable infrastructure. As this partnership unfolds, it is poised to influence the future of DeFi, advancing the industry towards greater decentralization and widespread adoption.

Through its partnership with Mantle Network, Jump DeFi now has access to cutting-edge scaling solutions that enhance transaction speed and reduce costs on the Ethereum network. This development promises a markedly improved user experience by enabling efficient DeFi services free from concerns about high gas fees and sluggish transaction times. Additionally, Jump DeFi's collaboration with Mantle Network serves as a pivotal bridge between users and developers, unlocking the full potential of decentralized finance for both groups and cultivating a dynamic ecosystem of DeFi applications across multiple blockchain platforms.

Some DeFi Features on Jump DeFi

With the all-in-one platform provided by Jump DeFi, users gain access to the following features:
Jump DEX AMM
Jump DeFi offers a Decentralized Automated Market Maker (DEX) that allows users to trade or exchange cryptocurrencies regardless of their market worth or value. Jump DEX also facilitates project owners in setting up liquidity pools for their users for staking and farming purposes. The DEX features a proprietary auto-router that integrates protocol-owned liquidity and ecosystem-wide liquidity sources, ensuring a seamless swapping experience.
Jump Pad
Jump DeFi facilitates Web3 projects in raising capital through its Initial DEX Offering (IDO) system. Additionally, project owners have the opportunity to participate in private sales, enhancing revenue generation for their projects.
NFT
Non Fungible Tokens (NFTs) are undoubtedly gaining traction in the tech industry, and it's exciting to see more cryptocurrency projects embracing them for various activities. Jump DeFi empowers users to create, stake, and mint NFTs. Users can also accelerate the vesting rate of their locked Jump DeFi rewards through the minting of Fast Pass NFTs.
Jump Token Laboratory
Jump DeFi simplifies the token creation process for Web3 projects, entrepreneurs, and developers through its Token Laboratory system. This feature allows anyone to easily create and customize their native tokens with just a few clicks using Jump DeFi's platform.
Invisible Swapping System
Jump DeFi introduces an invisible swap system that enables users to execute third-party transactions, such as token swaps, seamlessly. Users can easily switch from one token to another at a low cost. Additionally, Jump DeFi empowers tokens to be utilized within individual projects, unlocking new utilities and functionalities for each token.
xJUMP
xJUMP functions as a centralized stake buyback pool accessible to users who stake Jump tokens. By staking Jump tokens, users gain access to Jump DeFi platform utilities such as revenue sharing, transaction rewards, and participation in platform governance.

Conclusion

In summary, Decentralized Finance (DeFi) promises positive impacts in the cryptocurrency space, particularly when utilizing trusted and well-implemented platforms like Jump DeFi on the Near Protocol Blockchain.

With Jump DeFi, users enjoy unrestricted access to a comprehensive range of DeFi features. Moreover, since the project is still in its early stages, there's a significant opportunity to accumulate more JUMP tokens and NFTs while experiencing a fully functional Decentralized Finance system on the Near Blockchain.

Reference Links

You can learn more about JUMP Defi via the below links;
https://app.jumpdefi.xyz/https://trove-labs.gitbook.io/jump-defi/https://trove-labs.gitbook.io/jump-defi/introduction/why-jump-defi

Thank you for your time and let me know what you think about JUMPDEFI being the first ever DeFi project on with . Share your opinion via the comment section. Have a great day with love from @Hardaeborla 💕❤️💕

#JUMP #DeFi #DAOVERSE #SocialMining #DAOLabs

Hello Everyone!!! I hope you are having a great time over there? It's really nice to see you visit my blog today and I must say I'm really happy to have a great personality like you visiting my blog today 😊. Thank you once again 💕❤️
As the world of Blockchain technology and Web3 continues to revolves, there have been increasing number of users who are enthusiastic and passionate about learning and contributing in this great development. This has led to the creation of WAXhub, which enables all WAX Enthusiasts to learn, contribute and earn in the WAX community.

The existence of Web3 and DAO system has made it easy for users to start making valuable contributions on behalf of projects they are passionate about and at the same time earn valuable rewards for their contribution. This method of contribution can be done through Content creation, marketing, language translation, organising podcast, and other strategical move to enable they are contributing to the project in one or the other.

One of the best way to achieve this is through Social Mining and it's really great seeing top Web3 projects like DAOLabs, Kava Chain,Polygon, Avalanche, and most importantly WAX Blockchain adopting such system. This model will also enable WAX Enthusiasts earn valuable rewards while they make quality contribution on WAX Blockchain through WAXHub.

This connotes you can also be part of WAX Blockchain and start earning valuable rewards for your contribution even though you seem to be new on WAX as there are Web3 resources for learning and well active and engaging community.

Now let's delve into how you can get started with WAXHub to enable you start contributing in the WAX community and earn valuable rewards in terms of WAX$ Tokens and WAX NFTs.

Setting Up Your WAXHub Account

Before contributing in the WAX community through Social Mining, you are required to have a minimum of 50 followers on X (Twitter) and a WAX Wallet Address (mycloudwallet).

Once the above condition is fulfilled, you can now set up a WAXHub account which can be achieved by signing up via the link below
http://ambassador.wax.io/signup/dAIVGtDmcB

Ensure you sign up by filling all important information such as your email, username and password. Also tick on the two boxes to certify that you are over 18 years and click on the submit button to proceed to the next stage.

After signing up successfully, it is required you fill an onboarding survey form which gives the community and the team an insight about your skills, experience and what you can offer the community. While filling the onboarding survey, you have option to decide the number of hours you can offer the community and your preferred method of contribution or role such as marketing, influencer, writing, design etc.

After you're done filling the survey form, you automatically have your WAXHub account created when you come across something similar to the above image. The above image shows your WAX Social Mining dashboard.

Now let's go set up our profile and connect your X (Twitter) account by clicking on the image icon at the top right of your dashboard as seen in the above image.

After that click on profile as seen in the image above and we can now go set up your WAXHub Social Mining account profile.
Basic Profile Information

Your email used during registration is already registered on WAXHub including your username which can be changed later but note that you can't change your email. You are required to fill in your details such as First name, last name, Country, Timezone, you can write a short bio about yourself and you can also upload profile picture by clicking on the "select file button" as seen in the image above which will be the last thing I'll do if I was you.

After setting up your basic profile information, you can click on the update button at the lower part of the profile page to get your information stored.

Linking Your X (Twitter) Account With WAXHub
You are also meant to link your X (Twitter) account with WAXHub as this helps the system monitors your activities and contribution related to WAX Blockchain on twitter (just working like a SocialFi system).

To get started you need to click on the "Connect Twitter" button on your WAXHub profile page as seen in the above image

After that this pops out and you click on the "Yes" button to proceed with the connection.

You'll be redirected to Twitter 3rd party authentication page which allows you to authorise or link your twitter account with your WAXHub Social Mining account,then you click on the authorize app button as seen above.

As you can see i now have my X (Twitter) account successfully connected with my WAXHub account. This connotes that any of your contributions related to WAXHub done via X (Twitter) such as tweeting, retweeting/engaging will be recorded and rewarded by the system.
Setting Up Your Wallet on WAXHub
You are required to have a supported WAX Wallet such as mycloudwallet linked to your WAXHub account.

Ensure you visit Mycloudwallet and watch the YouTube Tutorial about how you can set up your WAX Wallet. Check out the reference links at the end of this post.

After successfully creating your WAX Wallet, it is required you paste your WAX Wallet Address in the WAX Wallet option on your profile as this is where you'll be able to receive your $WAXP rewards and NFTs through Mycloudwallet.

You are also required to create a Metamask account and Prepare a MetaMask browser wallet connected to the Ethereum Network and add the WAX token ($WAXP ) to your wallet using the below information

Token contract address: 0x2A79324c19Ef2B89Ea98b23BC669B7E7c9f8A517

Token symbol: WAXP

Token decimal: 8

After setting up WAXP on your Metamask wallet, then you are required to click on the connect button on your profile and connect your WAX metamask wallet

It is important to note that your WAX Wallet Address from mycloudwallet is still much more important for the time being because that's where you get rewarded for your contribution in WAX Tokens and NFTs.

Check Out My WAXHub Profile

This is a glimpse of my WAXHub profile and as you can see I already have my email, WAX Wallet, X account all linked with WAXHub.

You Are Good To Go!!
You can now get started with WAXHub and start earning free $WAXP tokens and WAXNFTs for your contribution in the WAX Community. Ensure you stay tune on my blog to get more information about some important terminologies used in #SocialMining and you are also going to be learning more some best practices to adopt as a WAXHubber.

Reference Links/Important Links

https://medium.com/wax-io/wax-hub-unleash-your-inner-creator-605d2111ed81https://ambassador.wax.io/https://www.wax.io/https://www.daolabs.com/posts/dao-labs-announces-the-soft-launch-of-wax-hub
https://discord.com/invite/7ecPFRgyz5http://ambassador.wax.io/signup/txugxbb0Shhttps://docs.daolabs.com/social-mining-docs/

Thank You for your time and I hope you have a great day ahead with love from @Hardaeborla ❤️💕❤️