 TIP-020 - $1,000,000 investment from treasury into Bitcoin ($BTC) We believe additional investments in established projects at current market conditions will help to further grow our treasury. Diversity minimises the risk and makes growth possible. Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market. It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects. The entire cryptocurrency market — now worth more than $2 trillion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies. Thanks to its pioneering nature, BTC remains at the top of this energetic market after over a decade of existence. Even after Bitcoin has lost its undisputed dominance, it remains the largest cryptocurrency, with a market capitalization that surpassed the $1 trillion mark in 2021, after Bitcoin price hit an all-time high of $64,863.10 on April 14, 2021. This is owing in large part to growing institutional interest in Bitcoin, and the ubiquitousness of platforms that provide use-cases for BTC: wallets, exchanges, payment services, online games and more. With a yes vote, we will withdraw $1,000,000 from the Treasury to a secondary wallet and will perform the investment. (We'll analyse the target project chart to find the best moment to jump in, and may do multiple smaller transactions instead of a big one). https://vote.hectordao.com/#/proposal/0x718b84dfe50d19403e81a564546600f8e1fc11aa1f94a42aa8bf361ca5e9008c |
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 Hectorians! We are proud to announce our new $TOR/$FTM pool on SpookySwap!: https://spookyswap.finance/farmsThis new cooperation will make our relationship with SpookySwap even stronger! Farm and chill with a sweet APR on our new TOR pool!
TIP-019 - $500,000 investment from treasury into NEAR Protocol ($NEAR) We believe additional investments in established projects at current market conditions will help to further grow our treasury. Diversity minimises the risk and makes growth possible. NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.” NEAR uses its Nightshade technology to improve transaction throughput massively. Nightshade is a variation of sharding, in which individual sets of validators process transactions in parallel across multiple sharded chains, improving the overall capacity of the blockchain. In contrast to “regular” sharding, shards in Nightshade produce a fraction of the next block, called “chunks.” In doing so, NEAR Protocol is able to achieve up to 100,000 transactions per second and achieve near-instant transaction finality thanks to a one-second block cadence while simultaneously keeping transaction fees at virtually zero. NEAR Protocol also improves upon the convoluted onboarding process of other blockchains by having human-readable addresses and building decentralized applications with similar registration flow to what users have already experienced. Moreover, it provides developers with modular components, helping them start projects like token contracts or NFTs more quickly. After TIP-019 ends, we will withdraw $500,000 from the Treasury to a secondary wallet and will perform the investment in the following hours. (We'll analyse the target project chart to find the best moment to jump in, and may do multiple smaller transactions instead of a big one). Vote below: https://vote.hectordao.com/#/proposal/0xf60e687110b574702a23b8d87a44af16e44f6476593e5a5e980607ebe4430829 |
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TIP - 017 OTC $500,000 BOO Treasury Allocation Over the last few months we’ve been increasing our holdings of BOO tokens. We use these tokens for a few purposes - mainly staking to compound rewards and grow the treasury further over time. The current market dip presents a good opportunity to acquire more BOO tokens at a relative discount. We also have an OTC relationship established with SpookySwap which will allow more tokens to be purchased. With a yes vote, we will use $500,000 from the treasury to purchase BOO tokens and stake them. https://vote.hectordao.com/#/proposal/0x220cd36b2a42dfb060aa183ac2507200f0000458a9ea71a7b1a8508ae322e59c
TIP - 016 $500,000 allocation from treasury into FTM Over the last few months we’ve been increasing our holdings of the FTM token. These tokens are used for a variety of purposes - mainly to stake with our validators and provide a revenue stream to the project. Given the current market dip (FTM is ~$1 per token at the time of writing), we see an opportunity to acquire more tokens. With a yes vote, we will use $500,000 from the treasury to purchase FTM tokens and self-delegate them to our validators in a 50/50 split. https://vote.hectordao.com/#/proposal/0x86d06ccd3f82a2bf5c824077cf05ec819acb797154ad54ae46e4c0da46665fed |
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New topic: Wetin u dey find challenging for the forum?
I understand say we dun get plenty new members of recent and just looking at how una dey composed una post I understand say una never get everything sorted out. Well no look down on yourselves because some of us take us some months to understand how things dey work here and then we no get anybody to guide us but now una get us. I wan make we comot mind small for any other stuff and talk about self development.
Use this opportunity ask questions, on how to run things like writing formats etc, if you get any other challenge, no fear talk am here and we go try give you direct information on how to go about am and no be just generalized information wey no get any direction. Use this opportunity use understand the forum better and abeg if you no get idea about any questions asked just observe instead of misleading.
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 TIP-015 - $500,000 investment from treasury into Stellar ($XLM) We believe additional investments in established projects at current market conditions will help to further grow our treasury. Diversity minimises the risk and makes a continuous growth possible. When XLM was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterwards, its priorities shifted to helping financial firms connect with one another through blockchain technology. The network’s native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service. If all of this sounds familiar, it is worth nothing that Stellar was originally based on the Ripple Labs protocol. The blockchain was created as a result of hard fork, and the code was subsequently rewritten. Stellar is unique because every transaction costs just 0.00001 XLM. Given how one unit of this cryptocurrency only costs a few cents at the time of writing, this helps ensure that users keep more of their money. Few blockchain projects have managed to secure partnerships with big-brand technology companies and fintech firms. A few years ago, Stellar and IBM teamed up to launch World Wire, a project that allowed large financial institutions to submit transactions to the Stellar network and transact using bridge assets such as stablecoins. After TIP-014 ends, we will withdraw $500,000 from the Treasury to a secondary wallet and will perform the investment in the following hours. (We'll analyse the target project chart to find the best moment to jump in, and may do multiple smaller transactions instead of a big one). Vote below: https://vote.hectordao.com/#/proposal/0x55918aa62958c77c7b6715cb1756f121bf3bd86b91d767c932da38823af50d4b |
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Ideal Location for Crypto Mining in Nigeria.
So what do you think? Which state do you think will be ideal for bitcoin mining in Nigeria?
I no fancy any of the state to start to dey mine Bitcoin if government go dey incharge. Anything wey come Nigeria dey spoil wey the government dey involved. If this set-up na individual something den I go support am and na Rivers state for be the ideal location. We get a lot of wasted eneeyyfor the state and this things dey causes air pollution. If this wasted emerge fit dey channel as you suggest then e go go well but e get to be individual companies wey go run am, no put am in the hands of governmentor e go be another failed project. Fury wins again
But na better money deh boxing o. Guyman just received beating for less than 20mins and carry almost $8 million dollars enter house. Una sure person no go enrol for boxing class?
That guy na odogwu when e comes to boxing, another person wey me they feel na Mayweather. This guys records dey sweet me. This boxing business money dey am scatter, that figure wey you call na just official, what about other side hustle like betting and partnership etc. This guys dem dey dey on money both in win or lost. |
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 TIP-014 - $500,000 investment from treasury into FTX Token ($FTT) We believe additional investments in established projects at current market conditions will help to further grow our treasury. Diversity minimises the risk and makes a continuous growth possible. FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019. The team behind FTX comprises some of the largest crypto traders over the past few years who, having found issues with most mainstream crypto futures exchanges, decided to launch their own platform. FTX claims that it stands out due to such features as clawback prevention, a centralised collateral pool and universal stablecoin settlement. FTX is backed by Almeda Research, which is known as one of the leading companies in crypto trading and one of the largest liquidity providers. As such, FTX is a product designed by professionals with confirmed expertise in the industry. They cover multiple services: from collateral to maintenance margin to liquidation processes and product listing. FTX also claims to be focused on fast development cycles, allowing them to deploy crypto trading systems at a competitive pace. After TIP-014 ends, we will withdraw $500,000 from the Treasury to a secondary wallet and will perform the investment in the following hours. (We'll analyse the target project chart to find the best moment to jump in, and may do multiple smaller transactions instead of a big one). Please vote below: https://vote.hectordao.com/#/proposal/0x205c78d0e1ec78bdff0f96df53618e02e379ae8b2d7c73616e749cf8661ff90b |
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A local board will give a sense of belonging and self fulfilment to the Nigerian comity on the forum and new users when they come in and discover they have a place to identify with even as beginner's. And more.
The Nigerian community on the forum is growing steadily which is why we deem it fit we need a local board for carrying out discussion that concerns the adoption of Bitcoin and cryptocurrency in general on the forum. A quick read through started threads on the forum are Nigeria related discussion raising on the forum and this topic are been pitched to the wrong audience since not many know about the activities ongoing in the country. Unlike the Western country that we all can have an idea on any topic raised, that which is concerning countries like Nigeria will always be flooded with myopic views or totally out of context. I strongly believe we'll get our wish one day, at first it seems like getting the local thread some attention was impossible but we achieved that and even got it to be pinned and from the recent stats, it's one of the active locals even without having a board. Bitcoin and cryptocurrency adoption is growing steadily in the country and as this forum is the center of the knowledge, people will always be draw to it and having a boards to help guide them with the little knowledge we have acquired as individuals would be great and productive. We'll keep waiting patiently until @Theymos hears our cry or others like (@Cyrus @mprep @hilariousandco @Welsh etc) with some advantage over the average user, pick interest in our appeal to strengthen it. |
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Stable coins good to save because of the unpredictable economy. But one thing dey confuse me. The way dem dey carry cast USDT for this forum based on say na centralized coin. Dem dey talk like say you fit wake up tomorrow you no see USDT again but I no just understand the whole thing. Na because of the general hatred dem get for other coins wey no be bitcoin abi e get particular problem wey USDT get or USDT don get problem before since dem create am?
My brother usdt no be better stablecoin oh forget say e dey popular and major exchange dey accept am (if I no dey mistake self, belike na the first stablecoin wey come out). USDT get better liquidity that's why it's best for trading but when it comes for holding, na DAI as Charles talk. We get other better alternative as dem decentralized wella but na liquidity dey make people no use dem. No be the one you go get $100 for stablecoin but because of lack of liquidity, you no go get better value when converting. BUSD na the brother to USDT dat one even worst pass as na Binance demselves dey control am. Usdt get plenty court cases and questionable behavior. Infact rumors come out ones say their stablecoin just dey like USD, say e no get actual backing and na so so printing dem just dey print am. As for the censor matta, I believe say e dun reach time to recount but my question na say, why next year wey election dey. Dem for do am this year so we no get get divided attention next year and choose better government. |
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 TIP-013 - $200,000 treasury investment into Angrymals: The blockchain gaming market is amidst a period of extraordinary growth, as it disrupts the $336 billion traditional video game industry. Due to our ongoing discussions regarding future cooperations with Catheon Gaming, we propose to invest at an early stage in the project Angrymals. Angrymals is a free-to-play PvP tactical video game based on one solid concept: throw junk and wreck things! Inspired by Angry Birds and Worms, the player will control three customized Angrymals bunkered down in a player-designed fortress, armed with a huge assortment of absurd weapons and powers to lay waste on the opponent's defenses. Angrymals has been in development since 2015. It is being developed by Sionera Entertainment, a boutique Italian game studio, which was acquired by Catheon Gaming, a leading blockchain game publisher in January 2022. Catheon Gaming is among other things, such as the company behind SolChicks. The team's focus now is to convert the existing Angrymals game into a blockchain, play-to-earn version. Catheon Gaming will support the project with its expertise in blockchain integration, marketing, community building, fundraising and listing support. Overall, there are not many playable, completed games in the P2E space at the moment – most completed games have low gameplay value, and games with higher gameplay value are 12-18 months away from a full release. Angrymals is proven to be fun to play and is only 1 month away from a full P2E version release. 🌐 https://angrymals.io/🌐 https://catheongaming.com/After TIP-013 ends, we will arrange all further steps to invest $200,000 in the Seed/Private Sale Phase. We keep you updated on this. Please vote below: https://vote.hectordao.com/#/proposal/0x444c3ae9ddad2c3ddf4cb3d68b65c28c906dc692146c56e3472ab53be5bb080f
Hectorians! Another chance to get a Whitelist spot for the upcoming Mythos Collection! 💥#Whitelist #Giveaway 💥 10 Whitelist 🤩 spots for the upcoming #Mythos Collection! 🦁 Follow @Mythos_HEC & @AtlanticaMarket 🐍 Like and retweet 🐐 Tag 3 friends Winners will be drawn in 48h #NFT info: 🌐 http://hector.finance🌐 http://discord.gg/hectorCheck our tweet: https://twitter.com/Mythos_HEC/status/1516161785870622720 |
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To be earnest, how many among us here prefer naira to cryptocurrencies? I guess no one. Why? Not because of naira inflation? People prefer cryptocurrencies to naira because they know naira is highly inflationary.
If inflation is never part of, assuming naira is a deflationary currencies (although which is not possible), which Nigerians will go for bitcoin if they see naira profitable?
How many Nigerian do you know just buy Usdt and hold. If na inflation we dey fight, the solution for just be to dey buy Usdt to secure our wealth but that's not the major problem. The problem is getting financial assistance in regards to getting more income, which is why people dey risk their life savings just to buy cryptocurrency and the worst part they buy into projects that are been hype and shitcoin. The volumes come from buying Bitcoin, go all statistics wey dun come out. Nigerians buy and trade Bitcoin not buy and hold Usdt or any other stablecoin. Na when the profit comes first na when people begin dey reason stablecoin. Infact majority takes it back to Naira like instantly (go peer2peer market na) transacting ongoing daily as people need this profits to keep life going. Don't also forget we have banks and other third party services that offers options to store your money in dollars but non of this get the kind interest wey Bitcoin and the whole cryptocurency market they attract. This only supposed make you reason say no be all about inflation something (although I no dey doubt say e follow) |
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