On the 26th of November 2021, the World Health Organization (WHO) officially named a new strain of COVID-19 discovered in South Africa, Omicron variant. The Omicron variant is raising a lot of global concerns, even in the crypto space – but a DeFi token (OMIC) that shares the same name as the new COVID-19 variant has raised millionaires overnight.
On today’s episode of the #InsideBlockchain, we explore the disparities or similarities between the Omicron variant and the Omicron token (OMIC). In addition, we also look at how this affects the global crypto market and the traditional financial markets.
Here to share their “2 cents” on this crucial topic is Samuel Benedict, a Fintech Entrepreneur, Futures Trader & founder of new startup – Tafabot and Rume Ophi, aka “Crypto Preacher”, a Crypto asset analyst, Head of Mobilization at SIBAN & Founder of the Crypto Preacher Blockchain Academy.
While explaining the disparity between the Omicron variant and the Omicron token, Rume had this to say;
“I see it as an opportunity to create solutions and solve real life problems. During the 2020 COVID-19 Lockdown, we noticed a massive inflow in digital engagement. People have adopted a more digital approach to financial transactions. It will be an open door for Africans to be educated on utilizing tech & digital assets to carryout transactions… Besides, Modern Civilization started in Africa”
Speaking on the probability of another lockdown, Samuel stated that;
“Leadership is simply learning from the past and making sure the future is better. One of the major troubles that hit a lot of countries was not-effectively mitigating the COVID-19 viral outbreak and this happened because of cross-border trades & travels. I believe most of the world leaders would have learnt from this experience. Even if the Omicron variant is not so severe (but it’s severe), I foresee a possible lockdown just to mitigate and prevent the economy from crumbling. Hopefully there won’t be a lockdown, but there might be.”
There is no denying that the world as we know it has not remained the same since the 2020 Coronavirus disease (COVID-19) Pandemic, as every facet of our human existence was affected in varying degrees. Ranging from the global death toll, Businesses that had to shut down, Hospitals overwhelmed with COVID-19 cases, Companies downsizing or underpaying their staff just stay afloat, International flights banned, Schools shut down. Truth is, “the entire world was on lockdown”.
Fact:The Coronavirus disease (COVID-19) is an infectious disease caused by the SARS-CoV-2 virus. Most people who fall sick with COVID-19 will experience mild to moderate symptoms and recover without special treatment. However, some will become seriously ill and require medical attention. The virus can spread from an infected person’s mouth or nose in small liquid particles when they cough, sneeze, speak, sing or breathe. These particles range from larger respiratory droplets to tiny particles. You can be infected by breathing in the virus if you are near someone who has COVID-19, or by touching a contaminated surface and then your eyes, nose or mouth. The virus spreads more easily indoors and in crowded areas.
Bobby is a media personality and academy lead at Earnathon. He is passionate about cryptocurrency and the blockchain technology, as well as the value it drives in the present global economy. He is a freelance writer, actor and voice over artist. He enjoys cooking, singing and networking.
