❗️Circle (USDC) made an important announcement.
On Thursday, Circle requested funds from SVB bank, and the deposit insurance policy should process the payment on Monday.
👉🏻 If they are not able to retrieve the full amount, they will use other company assets ⚡️
#Crypto #Trading 🚀@Busines_Insight
On Thursday, Circle requested funds from SVB bank, and the deposit insurance policy should process the payment on Monday.
👉🏻 If they are not able to retrieve the full amount, they will use other company assets ⚡️
#Crypto #Trading 🚀@Busines_Insight
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10 TAKEAWAYS FROM HOW TO WIN FRIENDS AND INFLUENCE PEOPLE BY DALE CARNEGIE.
1. People are motivated by their own self-interest. To influence someone, you need to understand what they want and show them how your idea or solution can help them achieve it.
2. Don't criticize, condemn or complain. These actions only serve to put people on the defensive and damage relationships. Instead, offer sincere and honest appreciation, and focus on what people are doing right.
3. Listen actively and show genuine interest in others. People want to be heard and understood, and being a good listener can help you build strong relationships and influence others.
4. Use a person's name to show them that you value and respect them. Remembering and using someone's name can make them feel important and help you build a connection with them.
5. Try to see things from the other person's point of view. This can help you understand their motivations and concerns, and make it easier to find common ground and work towards a mutually beneficial solution.
6. When you make a mistake, admit it and take responsibility. This shows integrity and can help you build trust and credibility with others.
7. Instead of giving orders, ask questions that lead people to the desired outcome. This can help people feel like they are making their own decisions and can increase their buy-in and commitment to the outcome.
8. To be successful, focus on building relationships and genuinely caring about people. This can help you build a network of supporters who will be willing to help you achieve your goals.
9. Begin On Common Ground. If you are having a disagreement with someone, you start on common ground and ease your way into the difficult subjects. If you begin on polarizing ground, you'll never be able to recover, and may lose ground with subjects on which you agree.
10. Have Others Believe Your Conclusion Is Their Own. People can not be forced to believe anything, and persuasive people understand the power of suggestion over demand. Learn to plant the seed, and instead of telling people they're wrong, find the common ground and persuade them that what they really want is your desired outcome (obviously without telling them that is the case).
Share ⭐️ @Busines_Insight #Trading
1. People are motivated by their own self-interest. To influence someone, you need to understand what they want and show them how your idea or solution can help them achieve it.
2. Don't criticize, condemn or complain. These actions only serve to put people on the defensive and damage relationships. Instead, offer sincere and honest appreciation, and focus on what people are doing right.
3. Listen actively and show genuine interest in others. People want to be heard and understood, and being a good listener can help you build strong relationships and influence others.
4. Use a person's name to show them that you value and respect them. Remembering and using someone's name can make them feel important and help you build a connection with them.
5. Try to see things from the other person's point of view. This can help you understand their motivations and concerns, and make it easier to find common ground and work towards a mutually beneficial solution.
6. When you make a mistake, admit it and take responsibility. This shows integrity and can help you build trust and credibility with others.
7. Instead of giving orders, ask questions that lead people to the desired outcome. This can help people feel like they are making their own decisions and can increase their buy-in and commitment to the outcome.
8. To be successful, focus on building relationships and genuinely caring about people. This can help you build a network of supporters who will be willing to help you achieve your goals.
9. Begin On Common Ground. If you are having a disagreement with someone, you start on common ground and ease your way into the difficult subjects. If you begin on polarizing ground, you'll never be able to recover, and may lose ground with subjects on which you agree.
10. Have Others Believe Your Conclusion Is Their Own. People can not be forced to believe anything, and persuasive people understand the power of suggestion over demand. Learn to plant the seed, and instead of telling people they're wrong, find the common ground and persuade them that what they really want is your desired outcome (obviously without telling them that is the case).
Share ⭐️ @Busines_Insight #Trading
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How to make Profits in Business
Every entrepreneur will tell you they are allergic to loses. Nobody starts a business to make losses, but to post profits. There are so many secrets of making profits that most business persons are not armed with. Such secrets are possessed by entrepreneurs who have made it in life.
Making profits means travelling a journey towards wealth and financial freedom, which is why you should follow the following rules:
1. Don’t mix friendship with business
In order to make profits, the owner of a business should separate friendship with business; this is the only way you can ensure that your business survives.
Remember some friends are not happy that you are running the business; some of them may be on a mission to finish you so that you can fall to their standard.
Your mind should always focus on business…even if it means losing a friend so as to make profits.
2. Be consistent
In business, being predictable is what your customer expects from you. If you are running a restaurant ensure that the food you provide today is the same food you provide tomorrow and in future. You are allowed to add stock but don’t make a mistake of not preparing a meal that was available yesterday unless no one is ordering it.
Always ensure that opening and closing hours of your business is known to customers regardless of circumstances. If you fail to open today, your customer will move to the next shop and if they find the product is the same as yours then you are likely to lose him.
3. Have the right staff
Having the right staff is the key ingredient of a successful business. This group will either chase away customers or build an empire for you.
Whenever you are seeking staff, conduct the exercise professionally; mixing bribery, nepotism and tribalism may not help you.
It has been proved that most businesses are killed by relatives and people you think they can help you. It’s good to hire someone you are not related because if you do this, you will have all the courage to question him on issues related to the business than a friend or relative.
The right staffs always know if they mess up your business ,they will face the full force of law and no one will interfere, but in most cases if your relatives messes, your community might interfere thus affecting your business.
4. Monitor every coin that comes from the business
Business is all about profits unless you are running a traditional church. In order to make a profit you must monitor every shilling that comes from the business.
Every day ensure that stock count is done then ensure that your employees explain each and every detail of the transactions. You may not be physically there but you can have efficient systems to monitor the business.
5. Motivate your employees
This is where most business owners go wrong and it has resulted to many businesses collapsing.
Once you start treating all employees as thieves, you give them little time to rest, you don’t motivate them with awards, leave, end year party then know that they will gang against you and kill your business.
Employees can be dangerous and the earlier you realize that they are important the better, otherwise you will regret!
Invest in your employees, give them good salaries and make them feel part of the company, that’s the only way you can see results.
6. Don’t focus on competitors, focus on the product
Every business has competitors and if you want to beat the competitors don’t concentrate on what they are doing but concentrate on the quality of the products and services you are offering.
If you focus more on competitors you will lose direction and mess up your business.
7. Employ strategy
Strategy is important aspect of running a successful business. Without strategy, you will not beat competitors.
8. Sell unique products
Being unique means standing out. It might take time to break even but once you have entered the market and people have tested your product, you will make it
9.Know the taste of your customers
Business is all about what customers want. Once you have identifi
Every entrepreneur will tell you they are allergic to loses. Nobody starts a business to make losses, but to post profits. There are so many secrets of making profits that most business persons are not armed with. Such secrets are possessed by entrepreneurs who have made it in life.
Making profits means travelling a journey towards wealth and financial freedom, which is why you should follow the following rules:
1. Don’t mix friendship with business
In order to make profits, the owner of a business should separate friendship with business; this is the only way you can ensure that your business survives.
Remember some friends are not happy that you are running the business; some of them may be on a mission to finish you so that you can fall to their standard.
Your mind should always focus on business…even if it means losing a friend so as to make profits.
2. Be consistent
In business, being predictable is what your customer expects from you. If you are running a restaurant ensure that the food you provide today is the same food you provide tomorrow and in future. You are allowed to add stock but don’t make a mistake of not preparing a meal that was available yesterday unless no one is ordering it.
Always ensure that opening and closing hours of your business is known to customers regardless of circumstances. If you fail to open today, your customer will move to the next shop and if they find the product is the same as yours then you are likely to lose him.
3. Have the right staff
Having the right staff is the key ingredient of a successful business. This group will either chase away customers or build an empire for you.
Whenever you are seeking staff, conduct the exercise professionally; mixing bribery, nepotism and tribalism may not help you.
It has been proved that most businesses are killed by relatives and people you think they can help you. It’s good to hire someone you are not related because if you do this, you will have all the courage to question him on issues related to the business than a friend or relative.
The right staffs always know if they mess up your business ,they will face the full force of law and no one will interfere, but in most cases if your relatives messes, your community might interfere thus affecting your business.
4. Monitor every coin that comes from the business
Business is all about profits unless you are running a traditional church. In order to make a profit you must monitor every shilling that comes from the business.
Every day ensure that stock count is done then ensure that your employees explain each and every detail of the transactions. You may not be physically there but you can have efficient systems to monitor the business.
5. Motivate your employees
This is where most business owners go wrong and it has resulted to many businesses collapsing.
Once you start treating all employees as thieves, you give them little time to rest, you don’t motivate them with awards, leave, end year party then know that they will gang against you and kill your business.
Employees can be dangerous and the earlier you realize that they are important the better, otherwise you will regret!
Invest in your employees, give them good salaries and make them feel part of the company, that’s the only way you can see results.
6. Don’t focus on competitors, focus on the product
Every business has competitors and if you want to beat the competitors don’t concentrate on what they are doing but concentrate on the quality of the products and services you are offering.
If you focus more on competitors you will lose direction and mess up your business.
7. Employ strategy
Strategy is important aspect of running a successful business. Without strategy, you will not beat competitors.
8. Sell unique products
Being unique means standing out. It might take time to break even but once you have entered the market and people have tested your product, you will make it
9.Know the taste of your customers
Business is all about what customers want. Once you have identifi
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🚀 How to make money on Launchpad? (instructions)
⠀
Every cryptan has obviously heard of it, but not everyone has interacted with it. In this post, we'll give you the basis for understanding how it works.
All of the "crypto-terms," we will write in the comments to this post.
➡️ Launchpad is a platform for conducting an IEO (Initial Exchange Offer of Tokens).
In simple terms: you will be able to buy a coin at the minimum price before listing it.
It all starts with the exchange/platform analyzing the project and determining if it's a good fit. If all is well, then Launchpad is announced, which describes in detail the features of the project and its tokenomics.
For example, take already passed Launchpad Binance with Space ID (ID). SPACE ID is one of the largest service providers for Web3 domain names.
↪️ Lauchpad passes in several stages:
1️⃣ Calculated BNB retention period:
• Don't forget to register as well as KYC as you will not be allowed.
• You need a $BNB minimum of $0.1 $BNB, which you will keep on your spot balance or in your staking. The more you have, the more token allocation you will get.
• From the beginning of the first phase, there are snapshots every day that record the number of $BNB in the account until the end of this phase. You should not withdraw or exchange your $BNB during this time if participating in the event.
2️⃣ Subnoscription start:
• Based on the "snapshots", you will see your maximum $BNB limit that you can lock in. Click "Lock BNB" and choose "Amount" -> "All", as the higher the amount, the higher the allocation. Funds are blocked until the end of the event.
3️⃣ Settlement period:
• Directly related to the second item and tells you until what date and time you need to block your $BNB.
4️⃣ Final allocation of tokens:
• This tells you the date and time when you will receive your allocation and $BNB will become available in the spot wallet.
You can check how many tokens you received on the spot wallet. Enter the ticker of the token, at the moment it is called - ID.
5️⃣ Moment of sale:
• Go to "Deal" on the mobile app or Trade -> Spot on the web version, where you enter the ID/USDT.
• Choose "Sell" and "Market Order/Market". Since it may not reach your "Limit Order". We have already selected ID/USDT and we choose 100%. We are waiting for sales to start.
• Time is the most important thing here. You need to be able to sell the token in the first few seconds. You can have your own tactics and strategy, but this one is the easiest.
➡️ In summary, I want to say that the Launchpad system is similar everywhere in its principle, so this knowledge will help you participate in any Launchpad-e regardless of the platform. Always analyze projects personally before entering them.
❓ We see your interest in how you can start making money from cryptocurrency. You are putting up a large number of reactions. Now we plan to start educating you on this.
⠀
Every cryptan has obviously heard of it, but not everyone has interacted with it. In this post, we'll give you the basis for understanding how it works.
All of the "crypto-terms," we will write in the comments to this post.
➡️ Launchpad is a platform for conducting an IEO (Initial Exchange Offer of Tokens).
In simple terms: you will be able to buy a coin at the minimum price before listing it.
It all starts with the exchange/platform analyzing the project and determining if it's a good fit. If all is well, then Launchpad is announced, which describes in detail the features of the project and its tokenomics.
For example, take already passed Launchpad Binance with Space ID (ID). SPACE ID is one of the largest service providers for Web3 domain names.
↪️ Lauchpad passes in several stages:
1️⃣ Calculated BNB retention period:
• Don't forget to register as well as KYC as you will not be allowed.
• You need a $BNB minimum of $0.1 $BNB, which you will keep on your spot balance or in your staking. The more you have, the more token allocation you will get.
• From the beginning of the first phase, there are snapshots every day that record the number of $BNB in the account until the end of this phase. You should not withdraw or exchange your $BNB during this time if participating in the event.
2️⃣ Subnoscription start:
• Based on the "snapshots", you will see your maximum $BNB limit that you can lock in. Click "Lock BNB" and choose "Amount" -> "All", as the higher the amount, the higher the allocation. Funds are blocked until the end of the event.
3️⃣ Settlement period:
• Directly related to the second item and tells you until what date and time you need to block your $BNB.
4️⃣ Final allocation of tokens:
• This tells you the date and time when you will receive your allocation and $BNB will become available in the spot wallet.
You can check how many tokens you received on the spot wallet. Enter the ticker of the token, at the moment it is called - ID.
5️⃣ Moment of sale:
• Go to "Deal" on the mobile app or Trade -> Spot on the web version, where you enter the ID/USDT.
• Choose "Sell" and "Market Order/Market". Since it may not reach your "Limit Order". We have already selected ID/USDT and we choose 100%. We are waiting for sales to start.
• Time is the most important thing here. You need to be able to sell the token in the first few seconds. You can have your own tactics and strategy, but this one is the easiest.
➡️ In summary, I want to say that the Launchpad system is similar everywhere in its principle, so this knowledge will help you participate in any Launchpad-e regardless of the platform. Always analyze projects personally before entering them.
❓ We see your interest in how you can start making money from cryptocurrency. You are putting up a large number of reactions. Now we plan to start educating you on this.
👍9❤1
Tokenomics: what, where, and how? 📊
⠀
There have been requests to break down such a concept as "tokenomics." We heard you. Enjoy reading!
➡️ A combination of "token" and "economics," tokenomics is a general term to describe the supply and demand characteristics of crypto-token. This includes how and how much token is mined or created, how it is released, how it can be used, and how it is distributed. These elements determine the future prospects of the token and whether it will have a sustainable long-term development.
↪️ An example of token allocation from Arbitrum Tokenomics:
• 17.53% is allocated to Investors
• 1.13% is allocated to DAOs in Arbitrum Ecosystem
• 11.62% is allocated to Individual Wallets
• 42.78% is allocated to DAO Treasury
• 26.94% is allocated to Team and Future Team + Advisors
For long-term development, developers seek to implement an incentive mechanism to reward those who support the project and participate in its activities (Individual Wallets). This incentive mechanism can range from mining to stakes, liquidity rewards, and more. Whatever incentive mechanism is used, it is usually designed to work with the protocol so that participants actively engage with it as well as act with integrity. For example:
• Swap (exchanging one coin for another),
• adding liquidity to the pool,
• performing quests,
• buying/selling NFTs, etc.
Developers also pre-determine the supply of tokens, which can also have a huge impact on the price of a token. When a token is created, the project usually does not release all tokens to the market at once - a market filled with a bunch of tokens will negatively affect the price. So developers make a plan for how many tokens there will be and how they will go into circulation. For example, the total stock of bitcoins is 21 million coins, but they are slowly being released into circulation over time through mining.
➡️ Key components of tokenomics
Tokenomics includes several important factors that affect the value of a token both at launch and over time. Let's take a look at some of the key components that affect tokenomics.
1️⃣ Token supply
A simple supply and demand curve is one of the most important aspects of tokenomics. One of the reasons demand for bitcoin is so high is because there is a finite supply of bitcoins. The total supply of bitcoins is 21 million coins, which is why it is called "digital gold. Its finite supply creates a scarcity that theoretically drives demand.
2️⃣ Token Utility
If you have a token, how can you use it? The answer to this question can determine whether your token becomes a mainstream token or if it quickly loses value. The ability to develop a token that has reliable use cases determines whether there will be demand.
3️⃣ Token distribution and vesting periods
When a token is launched, its creators must determine how it will be distributed. It is common practice for developers to allocate tokens, but too high a percentage can make the public wary of a pump-and-dump scheme. Many tokens are also allocated to venture capitalists and other investors. Often for both venture capitalists and developers, vesting periods are set for tokens, meaning they are locked up for a certain amount of time to avoid selling out. The goal is to avoid a large number of tokens suddenly appearing at the same time, which lowers the price.
4️⃣ Token Burning
For tokens with no total supply limit, token burning is used to prevent inflation. Token burning removes tokens from circulation and can be scheduled or indefinite. Binance burns its BNB token quarterly, but Ethereum burns a portion of the tokens sent as a transaction fee. Burning tokens reduces the circulating supply, which hopefully supports demand and preserves the value of the tokens.
⠀
There have been requests to break down such a concept as "tokenomics." We heard you. Enjoy reading!
➡️ A combination of "token" and "economics," tokenomics is a general term to describe the supply and demand characteristics of crypto-token. This includes how and how much token is mined or created, how it is released, how it can be used, and how it is distributed. These elements determine the future prospects of the token and whether it will have a sustainable long-term development.
↪️ An example of token allocation from Arbitrum Tokenomics:
• 17.53% is allocated to Investors
• 1.13% is allocated to DAOs in Arbitrum Ecosystem
• 11.62% is allocated to Individual Wallets
• 42.78% is allocated to DAO Treasury
• 26.94% is allocated to Team and Future Team + Advisors
For long-term development, developers seek to implement an incentive mechanism to reward those who support the project and participate in its activities (Individual Wallets). This incentive mechanism can range from mining to stakes, liquidity rewards, and more. Whatever incentive mechanism is used, it is usually designed to work with the protocol so that participants actively engage with it as well as act with integrity. For example:
• Swap (exchanging one coin for another),
• adding liquidity to the pool,
• performing quests,
• buying/selling NFTs, etc.
Developers also pre-determine the supply of tokens, which can also have a huge impact on the price of a token. When a token is created, the project usually does not release all tokens to the market at once - a market filled with a bunch of tokens will negatively affect the price. So developers make a plan for how many tokens there will be and how they will go into circulation. For example, the total stock of bitcoins is 21 million coins, but they are slowly being released into circulation over time through mining.
➡️ Key components of tokenomics
Tokenomics includes several important factors that affect the value of a token both at launch and over time. Let's take a look at some of the key components that affect tokenomics.
1️⃣ Token supply
A simple supply and demand curve is one of the most important aspects of tokenomics. One of the reasons demand for bitcoin is so high is because there is a finite supply of bitcoins. The total supply of bitcoins is 21 million coins, which is why it is called "digital gold. Its finite supply creates a scarcity that theoretically drives demand.
2️⃣ Token Utility
If you have a token, how can you use it? The answer to this question can determine whether your token becomes a mainstream token or if it quickly loses value. The ability to develop a token that has reliable use cases determines whether there will be demand.
3️⃣ Token distribution and vesting periods
When a token is launched, its creators must determine how it will be distributed. It is common practice for developers to allocate tokens, but too high a percentage can make the public wary of a pump-and-dump scheme. Many tokens are also allocated to venture capitalists and other investors. Often for both venture capitalists and developers, vesting periods are set for tokens, meaning they are locked up for a certain amount of time to avoid selling out. The goal is to avoid a large number of tokens suddenly appearing at the same time, which lowers the price.
4️⃣ Token Burning
For tokens with no total supply limit, token burning is used to prevent inflation. Token burning removes tokens from circulation and can be scheduled or indefinite. Binance burns its BNB token quarterly, but Ethereum burns a portion of the tokens sent as a transaction fee. Burning tokens reduces the circulating supply, which hopefully supports demand and preserves the value of the tokens.
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