Connect with us

Cryptocurrency

Huobi’s Global Elite Program Offers 2BTC Incentive to Members Who Introduce Eligible Candidates to The Program

Published

on

A referal bonus of 2 BTC awaits anyone that introduces a candidate that gets accepted into the Global Elite program. Influencers of the world’s largest blockchain company, Huobi has announced earlier that eligibility into the new Huobi Global Elites program had been reopened. The Huobi Global Elites program is the company’s way of boosting the development of its partners in strategic locations. As a result, Huobi is offerings a variety of incentives including a 2BTC Referral Fee to those who introduce Huobi to Global Elite candidates who are successfully integrated into the program starting from this month.

Huobi Elite Alliance program offers its members a wide range of benefits including referral bonuses, business collaboration, and business networking initiative. The program which had its third launch on september 19 is now officially opened. With members in more than 20 countries, the Huobi Global Elites program aims to liase with top blockchain influencers, and other fintech industry. Members of the Huobi Global Elite program also get incentives for referring new members to Huobi. The referral bonus can be as high as 40% of the trading fees Huobi earns from that business (+ bonuses granted in Houbi Token).  

 

Why You should be a Huobi Global Elite

Asides earning referral bonuses, members of Huobi Global Elites have a variety of benefits awaiting them. Members get the opportunity to network with other members of the Huobi Global Elite program around the world, both online and in-person. They will also get unlimited access to research and news sources  and information before it gets to the public. These sources will include Huobi Research, Huobi News, Huobi Capital, Huobi Labs, and the Huobi Ecosystem Fund. Equally, members have the opportunity of collaborating with Huobi or institutions in investment recommended by Huobi. Members of Huobi Global Elites also get the privilege of participating in in-depth business training and global conferences of Huobi.

Qualities of a Good Candidate for the Program.

Global Elites should be top blockchain influencers, cryptocurrency and blockchain enthusiasts, or have access to reliable blockchain resources. Bitcoinexchange listed the qualities of a Global Elite to include a blockchain and crypto assets enthusiasts, someone with notable experience in managing large teams and a reasonable understanding of the brokerage sector and legally compliant to local regulations. Also, a candidate with 3 referrals from reputable and experienced blockchain experts is eligible for the program.  Candidates who are interested and eligible to be Global Elite candidates can contact http://bit.ly/HuobiGlobalElites.

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding blockchain and cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading.

Spread the news

I am a blockchain and cryptocurrency journalist fascinated with sharing the knowledge of this wonderful technology in the simplest language possible.

Continue Reading
Advertisement
Comments

Cryptocurrency

Can Cryptocurrency Help Nigerians Gain Financial Freedom?

Published

on

Nigeria is experiencing difficult times politically and economically. Reports claim that the West African country had overtaken India as the poorest country in the world. With a population of 190 million people, nearly 50% of its population, 86.9 million Nigerians now live in extreme poverty. Faced with numerous challenges ranging from population boom,  insurgency, bad policies and governance, solutions to poverty seem to do little. However, cryptocurrency and the blockchain technology have been used to alleviate the problems of countries such as Venezuela and Zimbabwe. Can it do the same for Nigeria?

Create Inclusion for the Unbanked

Cryptocurrencies can aid Farmers to leapfrog the unnecessary interest rate put up by traditional institutions. With about 66% of its population unbanked and most of its farmers living in rural areas, Nigerian farmers still have to resort to crude means of farming. However, cryptocurrency can provide easy access to loans and donations and lower or no interest rates on loans. When farmers are empowered with the needed finances, the nation can experience financial freedom.


Alternative to local economies suffering from high inflation rates

Countries such as Zimbabwe, Venezuela, and South Sudan are currently facing high rates of inflation. Nigeria also suffered 15.7% inflation in 2017 and an alternative means is always needed to save the country from sinking into despair. When fiat fails the people cryptos have proven to be of help. This virtual currency is immune to government interference and inefficiencies. Nigeria can experience financial freedom from inflation by utilizing cryptocurrencies.

Cross-border Payments

Nigeria is a commercial country with its economy largely dependent on importation. However, making cross-border payments can prove to be very difficult with traditional payment gateways charging as high as 10%  per transaction. However, cryptocurrencies support cross-border and international trade. If the Nigerian market can get access to a larger customer base that accepts cryptocurrency, this will invariably increase sales and growth. Also, cryptocurrency will aid the country in getting cross-border remittance. Africa has about 30 million of its citizens working abroad and about six African countries rely on remittances for 10% or more of their GDP, with 19 countries relying on diaspora remittances. This money helps in fueling the country’s economy. Cryptocurrency offers a fast, secure and cheaper means of transactions and remittance to Nigeria can now be done easily.

Create Employment through Cryptocurrency Startups in Nigeria

Asides offering Nigerians financial inclusion, cryptocurrencies can help Nigeria generate employment opportunities. The cryptocurrency startup industry is growing and manpower is constantly being needed. A lot of African countries have recognized the opportunities cryptocurrencies and blockchain technology offer to their economy. Most of these countries have established numerous cryptocurrency startups in the past years. When the unemployment rate in a country drops, the country is on its way to financial freedom.

 

 

Do you think cryptocurrency can create Financial Freedom for Nigerians? Share your opinion with us in the comment section below.
Image credit: Pixabay

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

Spread the news
Continue Reading

Blockchain

“Could This Be Nigeria’s Last Chance? The Blockchain and Nigeria”

Published

on

By

Nigeria has experienced her fair share of revolution at different stages of political and economic metamorphosis with the majority of her revolution being political and few economical. But successful countries in the world do not owe their success to stable political system only, but thriving and prosperous economies that allow for innovation, competition, and “early adoption of technologies” able to grant them a competitive edge and a bullish advantage on the world economy chart. The latter in particular has been the strategy that has turned third world nations to nations with enviable prosperous economies. When a topic of this nature is being discussed, a striking example that readily comes to mind is the DUBAI Revolution. The famed Arabian Desert turned number one tourist and popular innovation centre in the world achieved its present enviable status as a result of a foresighted government, which knew “the future would not be as patient with us as today is.”

Dubai’s foresightedness has given much room for technological advancements on all levels especially in the case of the Blockchain Technology, which undoubtedly is the “future of Man and his environment”. Consequently, Dubai is well placed to be one of the leading economies of the next age Indeed owing to the boundless possibilities of the nascent Blockchain Technology, Dubai may appropriately be dubbed the most efficient and organised political and economic system in the world. Dubai is one of the few countries to recognise the power and possibilities of the Blockchain and how it can be the one-fit-all solution to common social, health, economic, and political, challenges in the world. In response, she has setup an active engagement with the virgin Blockchain Technology at all levels of its national existence, with the goal of running over 90% of all it’s national activities on the Blockchain by year 2020 which would allow for an efficient and reliable economic and political system.
Applause, to the liberal, foresighted government of Dubai.

While this is a counter-narrative in Nigeria’s case, it behoves members of the Blockchain community in Nigeria, to begin a major campaign on the adoption and use of the Blockchain Technology among other sister disruptive technologies like Artificial Intelligence and Internet of things by the government of Nigeria at all levels of its national and foreign existence and operation, if I may say, this is the true change we need.
This was my submission among others on behalf of Cheetah Africa at the launch of the Block Show Africa.
It was great sharing insights under a learning atmosphere with major Stakeholders in the Blockchain and Cryptocurrency space, such as (#ChimezieChuta, #NathanielLuz #senatorIhenyen, #CrytpoTv+, #Tega Abukure, #Kurefundsconsult, #Ademolaadeyoju) at the private launch of the Block Show Africa, an initiative by Crypto Tv+.

As the discourse went on, positions were maintained and ideas were shared among the participants and represented organisations in the space. At the end, we came to the general conclusion that the Blockchain Technology is Nigeria’s opportunity to leverage its available potentials in becoming a “First world nation” in the coming years.
The power and possibilities of the Blockchain Technology, is capable of rescuing Nigeria from majority, if not all, of its teeming challenges at all levels, the technology can especially aid things in health, agriculture, civil sector, the public service, national treasury, voting, policing and crime, etc.
For example, by legalizing and adopting the Blockchain Technology through:

1. the power of tokenization, Nigeria can raise enough funds for giant economic and social projects among its citizenry which would reduce our level of reliance on loan seeking from countries like China.
2. through the power of smart contracts: a perfect, and efficient governmental operation can be installed at all levels of public and civil service, which completely solves the age-long problem of corruption we have been embattled with as a nation. This would also solve completely the issue of Tax Evasion.
3. through the power of decentralization: inefficient, and bureaucratic practices leading to red tape can be completely gotten rid off.
4. through the power of the ledger system: issues of identification, and criminal activities can be easily resolved than any other existing technology.
5. through the power of cryptography: issues related to data protection in the governments can be far more resolved at very low cost; better than NCC identification system or even the national identification system.
6. through the power of open source: (kudos to what companies like BudgIT is doing in ensuring transparency in government practices but with Blockchain) government spending and budgetary allocations can be easily monitored and confirmed by anybody anywhere in the world through the open source system of the Blockchain Technology leading to greater Transparency and Trust in government practices in Nigeria.

7. through the power of decentralized applications: Elections can be conducted in a free and fair manner, Information can be made more accessible to the public, and in fact the need for public or civil servants would be greatly reduced leading to greater efficiency.

By adopting the use of the Blockchain, Nigeria would be placing herself on a pedestal of political efficiency and economic advantage, the legalization of the use of Cryptocurrency most especially, can lead to quantum foreign direct investment in the county (FDI).

The Blockchain is capable of effecting a disruptive revolution in Nigeria completely; from the political sector to the economic sector and other levels of national engagement and operation and probably lead us to a utopian state. But this is only possible when all Public and Private Stakeholders at the helm of the country’s affairs begin to take a proactive and positive approach towards its adoption and legalizing Blockchain’s accompanying products, most popular of all, the Cryptocurrency. Hence if the “Blessings of the Blockchain Technology” must be consummated for our economic prosperity, the Securities and Exchange Commission (SEC) , Economic and Financial Crime Commission (EFCC), would have to be reoriented on the use of Blockchain and Cryptocurrency. Cryptocurrency is not a scam has it has been dubbed by many, it’s a technology redefining how we own and transact value, especially money. A corollary of this assertion is that with its unadulterated application, it can be used to track and handle financial and economic crimes efficiently. There would be no need for investigation. The open-source Blockchain network automatically alerts all of every Kobo allocated and spent. That is what we need as a nation, a transparent government by the power of the Blockchain. While the popular negative perception that holds sway among the government and masses about Cryptocurrency is untrue, the Blockchain Community in Nigeria is teaming up to redefine this false perception through education, regulation, and advocacy.
This is the objective of the Block Show Africa and the proposed Blockchain Association of Nigeria.
The government and its agencies needs to partner with the organised community of Blockchain and Cryptocurrency users in Nigeria to adopt this Future technology aka web 3.0 in causing a positive disruptive revolution in Nigeria.

Toast to the Block Show Africa, Toast to Cheetah Africa, Toast to the great future of Blockchain and Cryptocurrency in Nigeria, Toast to a Prosperous Nigeria.

Spread the news
Continue Reading

Cryptocurrency

Cryptocurrency Mining Rigs Still in High Demand in South Africa Amidst Market Uncertainty

Published

on

As the cryptocurrency market continues to experience price upheavals, the acquisition of mining rigs is however on the increase in South Africa according to Bitmart CEO Jacques Serfontein. This mining craze has been attributed to the huge return on investment (ROI) accompanying mining.
Cryptocurrency mining promises cryptos as reward for closing a block. Through mining, the sanctity of blockchain transactions are verified. Transactions on blockchain networks create blocks, these blocks are closed when a unique solution to complex mathematical equations generated by the network is found. A mining rig is a computer system employed for the purpose of mining (solving these equations), with each block closed, the miners receives a bitcoin (for example).
Serfontein explained, “People are still buying miners, a 7-30% ROI per month based on the different cryptocurrencies out there is still a great ROI.”
On the cryptocurrencies mined, he was quoted as saying:
“The focus is off Bitcoin for now due to the low price, but the income in some other miners is very good.”

ASIC Miners taking over market
Application Specific Integrated Circuit (ASIC) is now the in-thing because of obvious advantages over Graphic Processing Unit (GPU) rigs.
“ASIC miners are for sure the most popular, we clearly see that ASIC miner sales outperform GPU rig sales by over 200 to one, but it’s all dependent on what miners can mine and what is most profitable,” said Serfontein.
ASIC miners are specifically developed for cryptocurrency mining, and have a better ROI than GPU as long as the cryptocurrency is ASIC compatible.
“Look at what happened to Ethereum. The Antminer E3 replaced the GPU rigs mining Ethereum thanks to its lower cost, much lower power consumption, and a far better hashrate – it’s a no-brainer.”
This is not to write-off GPU rigs because the creation of a new coin that suites the GPU-algorithm, and equally as profitable could see the re-emergence of GPU rigs minng. Before that happens, South African PC gamers are still heaving a sigh of relief as GPUs become less popular to miners.
Bitmart CEO Says the company deals on a wide variety of miners in South Africa, including many that deliver good returns. Bitmart eschewed cloud mining for rigging.
“Owning a rig makes a lot more profit than could mining and clients keep comparing earnings with online calculators that don’t factor in hosting costs, so it was a hard sell,” he was quoted as saying.

 

 

What do you think about the high sells of mining rigs? Share your opinion with us in the comment section below.

 

Image credit: pixabay

 

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

Spread the news
Continue Reading

Cryptocurrency

When I Die, Who Gets My Digital Assets?

Published

on

Mortality is a topic most people would rather not talk about. But then, it’s a nagging topic that must be trashed out. Who gets access to all your digital access after your death? Would your family be able to gain access to your bitcoins, Facebook, email, twitter, online bank account and the likes. When it comes to digital currencies, they exist basically in virtual form and are extremely secure. For bitcoin, every owner has a private key or password, that allows them gain secure access to the bitcoins stored in their digital wallet. However, there is no method of retrieving this private key after death so a potential heir can get access to the bitcoins because there is no way to track the private keys as there is no central authority.

What this means is that if you kick the bucket without leaving your private key, your bitcoins becomes inaccessible to anyone. If nobody gains access to your bitcoin, it becomes lost. So, the question remains how do I ensure that my cryptocurrency is properly passed on?

  • Ensure your heirs are aware that you own crypto and you can either trust them either with your private key while you are still alive or write it down on a piece of paper or store the private key in a secure location such as a safety deposit box or even a flash drive.
  • You could set up a time locked transaction that could take place in a number of years. However your heirs must have the corresponding receiver address to receive the bitcoin on the said date. However, this is a bit risky as the bitcoin would transfer to the receiver whether you are dead or not.
  • You can also utilise third parties like Coinbase which offers joint accounts. This would allow your heirs gain access to your bitcoin smoothly.

However, despite trying to ensure that your loved ones gain access to your crypto when you cross over to the great beyond, you should be aware of the risks also. By making your wishes known, an unscrupulous entity might walk away with the bitcoin if they get access to the private key. Also, you should seek professional help as the laws concerning inheritance of digital assets varies.
The United States have laws enacted by most states from 2015 which gives people the power to plan for the management and disposition of their digital assets just as tangible assets. However, countries like Australia do not have laws that directly addresses the access of a person’s digital assets upon death by his/her family. Equally, countries like South Africa, Kenya and Nigeria do not possess such laws yet.

 

 

 

What do you think about including your bitcoin private key in your will? Share your opinion with us in the comment section below.
Image credit: pixabay

 

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

 

Spread the news
Continue Reading
Advertisement
Advertisement

Find Us

Address: 7 Kafi Street, Beside City Mall, Shoprite, Alausa, Ikeja, Lagos.

Hours: Monday—Friday: 9:00am–5:00pm

Contact: +234 817 866 6900

Advertisement
Advertisement

Trending