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The‌ ‌Rise‌ ‌of‌ ‌Axentro‌ ‌Blockchain‌ ‌Platform‌ ‌

Axentro_ _Blockchain_ _Platform

The post The‌ ‌Rise‌ ‌of‌ ‌Axentro‌ ‌Blockchain‌ ‌Platform‌ ‌ appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Axentro is embarking on a journey of birth by fire! Our mainnet was launched in November 2020. It has gone through many changes in that time to become what we have today. But the journey is hardly even started yet! We have a grand vision to build an incredible platform for building decentralized applications. The …

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Axentro is embarking on a journey of birth by fire! Our mainnet was launched in November 2020. It has gone through many changes in that time to become what we have today.

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But the journey is hardly even started yet! We have a grand vision to build an incredible platform for building decentralized applications. The first phase of our plan was to release CPU only mining, globally shared rewards and human-readable addresses.

The next step for Axentro is to start building our vision of decentralised applications. Axentro will be a platform where people can come to build applications and share their creations with the world. We still have a lot to build.

We want to make it as easy as possible even for people with limited or even no coding experience. We also have hundreds of ideas ourselves for amazing apps to build when our platform is ready. People in the community are also full of ideas.

In fact our community is one of the things we love about Axentro. We want our community to drive the features for our blockchain so that we build on each others successes. The road ahead is still an adventure and the more people we can take with us on our journey the better.

Of course the platform takes people to build it and to keep it running. There are many costs associated with operating the existing platform and with building the next and future phases. So far everything you see with Axentro has been self funded by myself the main founder.

But now it’s time to spread our wings more and raise funds and make exciting partnerships in order to drive our platform forward to success. The first step in this direction is our upcoming IEO (Initial Exchange Offering) with VinDAX exchange. After that, we will list our token AXNT on the VinDAX exchange.

We hope that 2021 will be a fantastic year and that we will build out the platform and introduce so many amazing features. If you are as excited by us by the potential of Axentro please support us in the IEO, join our telegram community, and spread the word with your friends and co-workers.

Website Link: https://axentro.io/

Telegram Group: https://t.me/axentro

Facebook : https://www.facebook.com/Axentro-100488985226571/

Twitter: https://twitter.com/axentrohq

LinkedIn Company: https://www.linkedin.com/company/axentro

Youtube : https://www.youtube.com/channel/UC8itve8eHunJkfuyJYwMy6g/

Instagram: https://www.instagram.com/axentro.blockchain/

Medium: https://medium.com/@axentro

Source: https://coinpedia.org/press-release/rise-of-axentro-blockchain-platform/

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Blockchain and crypto will challenge current finance, Nigeria VP says

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Nigeria’s vice president, Yemi Osinbajo, delivered a speech at an economic summit on Friday in which he spoke positively of crypto and blockchain. 

“There is no question that blockchain technology generally, and cryptocurrencies in particular, will in the coming years, challenge traditional banking, including reserve banking, in ways that we cannot yet imagine,” Osinbajo said on Friday during the Central Bank of Nigeria, or CBN, Bankers’ Committee Economic Summit. “We need to be prepared for that seismic shift, and it may come sooner than later,” he said.

The Nigerian vice president also noted the broadness of the crypto industry, mentioning decentralized finance, or DeFi, in the mix. “Decentralized finance, using smart contracts to create financial instruments, in place of central financial intermediaries, such as banks or brokerages, is set to challenge traditional finance,” he said. 

Osinbajo’s speech, which included a number of other points, is posted on his YouTube channel. The Nigerian vice president also tweeted out a video clip highlighting of some of his crypto comments from his talk.

“The point I’m making, is that some of the exciting developments we see call for prudence and care in adopting them and these have been very well-articulated by our regulatory authorities,” he said, adding:

“But we must act with knowledge and not with fear. We must ensure that we are in a position to benefit and in a position to prevent any of the adverse side effects, or any of the possible, even criminal, acts that may arise in consequence of adopting or taking any of these options.”

The comments come in contrast to recent developments in Nigeria. Earlier in February, Nigeria forbade banking interactions with crypto exchanges, as per a ruling from its central bank. The CBN’s governor also called crypto assets illegitimate. Bitcoin recently traded at a significant premium in the region.

Source: https://cointelegraph.com/news/blockchain-and-crypto-will-challenge-current-finance-nigeria-vp-says

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‘Bitcoin could reach $1 million or $1, and may do both of those’

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While many analysts predict that either Bitcoin could increase to a million or fall to a dollar, a popular businessman and investor based in the US thinks that the asset could do both!

In a recent interview with Joe Kernen at CNBC’s Squawk Box, Internet analyst Henry Blodget of the dot com era fame said: 

Bitcoin could go to $1 million… it could also go to $1. And in fact it may do both of those

In addition, Blodget, who also served as the head of the global Internet research team at Merrill Lynch, is unconvinced about the asset’s value proposition. He claimed that Bitcoin as an inflationary hedge and the narrative surrounding its value as ‘digital gold’ were “stories”. He further added: 

But the stories that we tell about why relative to the value of gold or other currencies, they’re ludicrous.

In his opinion, Bitcoin can trade just about anywhere because it does not have any fundamental backing. He said that unlike traditional stocks, “which usually does have some relationship ultimately to a fundamental,” of a company, “Bitcoin doesn’t, so that means it can trade anywhere.”

The entrepreneur thinks that crypto exchange Gemini’s CEO Tyler Winklevoss could eventually be “exactly right,” in his forecast that the asset could surge to a million. However, Blodget said:

If people were to decide that for the next couple of hundred years Bitcoin is where you park your money when you take it out of the fiat system, OK, it’s possible.

Interestingly, while crypto Twitter and Bitcoin enthusiasts, in particular, called out the analyst’s criticism, they commended the interviewer’s counter-argument. CNBC’s Joe Kernen seemed to even “speak the language” of the crypto space as one twitter user named @HodlBells noted:  


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Source: https://ambcrypto.com/bitcoin-could-reach-1-million-or-1-and-may-do-both-of-those

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Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

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NetCents, a cryptocurrency payments company, today announced it has signed an agreement with Vesto.io to pave the way for DeFi access in the NetCents platform.

Vesto, is a San Francisco-based company that has created a platform allowing users to choose from multiple DeFi protocols in a virtual supermarket. NetCents (with regulatory approval) intends on enabling a portal to the Vesto infrastructure from the NetCents wallet in order to facilitate user’s adoption of DeFi investing in an efficient and easy-to-understand interface.

“We have seen the DeFi space explode over the past year, but for it to reach the next level – the tools and the process has to be attainable by the novice crypto investor. We will be adding a layer of simplification to the process so that individuals can have their savings actually working for them without the complexity of the current platforms. Individuals have the right to lend their money at market-based rates instead of getting 1% interest on their savings that the commercial banks are offering.”
– Clayton Moore, NetCents Founder & CEO

LOI

The Letter of Intent  (LOI) contemplates a Joint Venture between parties and an option for NetCents to invest in Vesto and hold a significant ownership stake in the company at a future date.

Management of NetCents also informed investors that many of the concepts embraced by these DeFi platforms have not been vetted by the many authorities that regulate financial products. NetCents intends to work together with regulators to navigate this landscape and resolve it with a compliant product.

For Example: Fintech businesses seeking to bring a novel product or service to the market can seek regulatory relief through regulatory sandboxes such as the Ontario Securities Commission’s LaunchPad or the British Columbia Securities Commission’s SandBox.

Furthermore, businesses that distribute, trade, or advise in crypto assets that are securities are required to comply with securities laws (in particular, registration and prospectus requirements), which can be onerous. There are many exemptions for specific types of distributions, trades, and other activities and NetCents intends to research these exemptions rigorously. These exemptions, at a high level, may limit the types of investors that can participate or the investment amounts, or may require the preparation of disclosures to investors and filing of a disclosure document.

Source: https://www.cryptoninjas.net/2021/02/27/crypto-platform-netcents-to-offer-users-access-to-defi-protocols-thru-vesto/

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