Place/Date: – November 12th, 2022 at 11:17 am UTC · 3 min read Source: Orbeon Protocol ApeCoin (APE) has seen losses in both value and trading volume over the last few months as the hype around the coin, designed to emulate the success of the famous NFT project Bored Ape Yacht Club (BAYC), loses support.As things stand, ApeCoin (APE) has only been able to rise with sufficient hype to drive demand behind the coin, and without this, investors are selling their ApeCoin (APE) daily. As a result, Orbeon Protocol (ORBN) is seeing a massive influx as analysts predict a 6000% increase in value by the end of presale. Orbeon Protocol (ORBN) is Made for InvestorsOrbeon Protocol is radically shaking-up the crowdfunding and venture capital sectors, giving everyday investors the chance to invest in exciting new start-up opportunities worldwide. Orbeon Protocol does this by minting fractionalized, equity-backed NFTs, which can be purchased for as little as $1. Each fractionalized NFT represents a stake in a real-world business.Companies seeking investment can skip the regulatory hurdles and cynical middlemen of old, instead forming a community with their investors directly on the Orbeon Protocol platform.A significant attraction is the sheer capability of the whole ecosystem. As well as creating a groundbreaking route to investment, they also provide a platform to swap cryptocurrencies between users, an exchange for trading business fractions, as well as a dedicated secure wallet to track portfolios.As well as this, the native ORBN token provides holders with benefits such as bonuses on staking their tokens, governance rights to decide the direction Orbeon protocol takes, and access to exclusive investor groups.The price of ORBN is currently $0.004 in the presale phase which opened at the end of October and will run until early 2023. Experts predict a price rise of up to 6000% in that time.ApeCoin (APE) Lacks Identity and PurposeAPE has always been a peculiar cryptocurrency. ApeCoin, a combination of other currencies, has long struggled with its identity, perhaps on purpose. Since ApeCoin is a decentralized autonomous organization, APE holders can take part in governance decisions, cast votes on money allocations, regulations, partnerships, and project selection. However, it is dogged by a lack of real-world value and doesn’t appear to have any identifiable purpose. Hence, it is held in contempt by more serious crypto players, who often criticize it for lacking utility and being based purely on hype.Following its launch, ApeCoin did generate a great deal of buzz and publicity but, as time passed, this proved unsustainable. ApeCoin lost a disheartening 80% of its value during 2022 and many industry analysts are, understandably, negative about its long-term prospects. Furthermore, there doesn’t appear to be much that the ApeCoin founders can or are willing to do to breathe new life into the coin.SummaryAs ApeCoin begins to stagnate, the market consensus becomes clear; Holders are selling their APE for projects with more utility, viability and potential to solve real-world problems. Orbeon Protocol (ORBN) fits the bill for all of these, and investors are swarming the project – price predictions see the ORBN token surging from $0.004 to $0.24.Find Out More About The Orbeon Protocol: Presale, Website, Telegram. Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release. Created with Sketch. Subscribe to our telegram channel. Join
Place/Date: – November 11th, 2022 at 6:54 pm UTC · 3 min read Source: Snowfall Protocol Snowfall Protocol (SNW) has been on the tips of the lips of the experts as of late partly due to its massive presale phase 1 results as it saw a whopping 300% increase making investors very happy.FTX Token (FTT) and Aptos (APT) have been on a downward spiral for the past few weeks. Many investors are beginning to question whether or not these tokens are worth investing in. However, one token is proving to be a better investment: Snowfall Protocol (SNW)! In this article, we’ll explain why FTX Token (FTT) and Aptos (APT) are losing value at a terrible rate and the reasons why Snowfall Protocol (SNW) is going to dominate the cryptocurrency industry.FTX Token (FTT)Promised to be the native token of the FTX cryptocurrency exchange, FTX Token (FTT) has seen a lot of hype ever since it was first announced. However, the token has failed to live up to expectations. FTX Token (FTT) never provided enough value to token holders and was not much more than a loyalty token.Furthermore, FTX exchange has recently announced they will likely be bought out by Binance (BNB). This has recently led FTX Token (FTT) to crash as investors fear for the future of the token. Sam Bankman-Fried, the CEO of FTX, has not disclosed much information about the future of FTX Token (FTT), and the market has reacted negatively to this uncertainty.Aptos (APT)Aptos (APT) is a new blockchain that had a lot of hype due to VC interest. However, as we enter deeper into crypto winter, it is evident that Aptos (APT) was yet another project with no use case. Furthermore, the team behind Aptos (APT) has been extremely quiet, which has led to a lot of speculation about the project’s future.Aptos (APT) only has three products available on their blockchain. When compared to the thousands of dApps on other more established blockchains, it is clear that Aptos (APT) is not being used. This lack of usage has led to a steady decline in value for Aptos (APT) over the past few months.Snowfall Protocol (SNW)The blockchain industry needs better compatibility and that’s what Snowfall Protocol (SNW) is offering. Snowfall Protocol (SNW) is the first cross-chain transfer ecosystem built for fungible and non-fungible tokens. Their dApp enables users to swap assets across the most widely used Ethereum Virtual Machine (EVM) and non-EVM compatible chains.This is like how the first developers created bridges to connect different parts of the internet. Snowfall Protocol (SNW) is building the highways needed for millions of people to communicate to every blockchain. The potential use cases for this technology and project are endless. You can learn more about Snowfall protocol (SNW) here.Thus it would be wise to invest in Snowfall Protocol (SNW) now, while the project is still in its early stages. Although stage 1 is already sold out, you can still get in on Stage 2 which began on November 2nd. Its unique compatibility model has allowed it to grow by more than 140%.For more news and latest updates please visit Snowfall Protocol (SNW) website, presale, Telegram, Twitter.Some experts are estimating that Snowfall Protocol (SNW) could potentially grow by 5000% come launch time. So, what are you waiting for? This is the best chance at 1000x returns despite the bear market according to top analysts.Don’t forget to get in on the presale here. Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release. Created with Sketch. Subscribe to our telegram channel. Join
Place/Date: – November 11th, 2022 at 6:05 pm UTC · 2 min read Source: GIC The advisor of GIC tech investment Lau Eng Boon participated in a collab AMA meeting at 12:30 pm UTC in November 9th that attracted plenty of financial and blockchain investors’ attention. He had an in-depth discussion with a group of industry elites, including Binance Fan Token, about the impact of WEB3 and other topics. All the guests agreed that WEB3’s unique potential will make it the future of finance and business.Mr. Lau explained in depth the latest regulations introduced by the Singapore government for the WEB3 industry and gave some informative advice for investors. Lau believes that the recent influx of capital and WEB3 companies into Singapore has added many opportunities and challenges, and the government’s introduction of regulations for this purpose is undoubtedly a positive sign of commitment to making Singapore a world center for digital industries. Apart from the two experts from GIC and Binance Fan Token, guests representing the rest of the quality WEB3 projects also added many highlights to the AMA. Among them, the guests from Koyé, Komio, and NFTSTAR’s introduction of their projects’ new features were also impressive. It is worth mentioning that the conference brought a lot of exposure to the organizer Koyé thus the release of its Mini Koyé NFT increased by more than 200% within 48 hours. As a web3 undersea adventure game from France, Koyé has won the favor of many investors with its stunning next-generation game quality, complete development schedule, and ambitious strategy. It rose to second place in Opensea’s trending list worldwide. And Koyé team has revealed that 80% of the game’s royalties will be used to buy back the Mini Koyé NFT series, which undoubtedly gives Koyé a great possibility to become a new generation of web3 players to create wealth myths. Created with Sketch. Subscribe to our telegram channel. Join
Place/Date: – November 11th, 2022 at 6:24 pm UTC · 2 min read Source: ConstitutionDAO The decentralized organization ConstitutionDao launched a campaign to bid for a copy of the U.S. Constitution last year, and crowdfunded 11,000 ETH on JuiceBox in a short period of time, which was worth nearly $45 million at the current price. But ConstitutionDao ultimately failed to bid, and the copy of the constitution was finally won by Ken Griffin, CEO of hedge fund Citadel!On the occasion of the first anniversary, Sothby announced that another copy of the first edition of the US Constitution in the hands of private collectors will be auctioned on December 13. ConstitutionDao also tweeted hint that it would launch ConstitutionDao 2.0 to raise money again to bid on this auction of copies of the U.S. Constitution. Notably, ConstitutionDAO lost its target which has been in a state of turmoil due to its failed bid for a copy of the U.S. Constitution. After intense discussions, ConstitutionDao announced last year that it would cease operations and open for refunds. It stands to reason that PEOPLE token, which is the governance token of DAO at this time, should have no value (a wallet that is successfully donated can automatically obtain PEOPLE token, and 1 ETH is equivalent to 1 million PEOPLE), but its currency price is driven by community users and has experienced many ups and downs, now the current total market value is 136 million US dollars.It is reported that there has been a proposal in the community to use people tokens to raise funds to start ConstitutionDao 2.0. There is a change in people’s intraday trading today. It should be that someone has already received the news, and you can pay attention to further developments in the near future. Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release. Created with Sketch. Subscribe to our telegram channel. Join
FTX Group of companies has officially filed for Chapter 11 Bankruptcy in the United States, marking one of the darkest weeks in the history of the digital currency ecosystem.According to the update shared on its Twitter page, the bankruptcy proceeding will feature Alameda Research, the trading platform front-running for Sam Bankman-Fried as well as 130 affiliated companies.Press Release pic.twitter.com/rgxq3QSBqm — FTX (@FTX_Official) November 11, 2022The development has been very shocking to investors across the board as FTX went from a $32 billion valuation to bankruptcy in less than a week. The bankruptcy was filed in the District of Delaware, and it also followed the official resignation of Sam Bankman-Fried as the Chief Executive Officer of the company.The company has named John J. Ray III as the new CEO effective immediately, although Bankman-Fried is protracted to stay on in the company to ensure a very smooth proceeding moving forward.The Bankruptcy detail is contained in a 23-page document that shows FTX has as many as 100,000 creditors. The company said its assets range from $10 billion to $50 billion and that its liabilities also range from $10 to $50 billion respectively. In a statement, the new CEO, John said the bankruptcy filing is necessary in order to help investors recover as much as they can be based on how the situation has been.“The immediate relief of Chapter 11 is appropriate to provide the FTX Group the opportunity to assess its situation and develop a process to maximize recoveries for stakeholders,” he said, adding that “The FTX Group has valuable assets that can only be effectively administered in an organized, joint process. I want to ensure every employee, customer, creditor, contract party, stockholder, investor, governmental authority, and other stakeholders that we are going to conduct this effort with diligence, thoroughness, and transparency.”FTX Bankruptcy Fuels DisappointedThe fall of FTX, once ranked as the second biggest exchange after Binance will remain a mystery that many stakeholders may not be able to fathom.The operational handling of the company has been adjudged to be a mystery to some of its core executives, most of whom have resigned. Coinspeaker reported earlier that Sam Bankman-Fried transferred about $4 billion to Alameda Research for the failed bailout of Voyager Digital, a move he made without consulting his executives.Anthony Scaramucci, a friend of Bankman-Fried whose firm is also an investor in FTX said he felt as though he had been duped. He said the operational mismanagement of funds was not made public as at the time he and other investors were backing the company.Scaramucci said he flew down to the Bahamas to provide a lending hand to the distressed crypto leader but soon discovered that the firm’s trouble was beyond what immediate cash injections could solve.With the bankruptcy filing, FTX has now plunged the fate of BlockFi into uncertainty alongside the future of Voyager Digital creditors as the exchange’s US subsidiary won the bid for its assets a few months ago. Business News, Market News, News Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Thank you!You have successfully joined our subscriber list. Created with Sketch. Subscribe to our telegram channel. Join
Futures of the S&P 500 and other major indexes inch upward following a very impressive single-day rally spurring general increases.Stock futures climbed on Friday, November 11th, following the largest single-day rally by the S&P 500 since 2020. The stock futures development also came about after China announced that it would ease some Covid restrictions, including trimming quarantine time by two days.The significant S&P 500 rally is attributable to renewed optimism from lighter-than-anticipated inflation data. This development sparked a broad market rally during the previous session, which also saw a climb in futures tied to the other major indexes. In addition to S&P futures inching upward by 0.5%, Nasdaq 100 futures also increased by 0.7%. Furthermore, futures tied to the Dow Jones Industrial Average grew 0.5%, or by an additional 152 points. Rise in Stock Futures Rise Also Comes with Rally by S&P 500, Dow, and NasdaqAlongside the positive upside to their respective futures, all three major indexes recorded their biggest one-day rallies in two years. For instance, the S&P 500 increased 5.5%, with the Dow Jones climbing more than 1,200 points. Additionally, the tech-laden Nasdaq Composite rallied by about 7.4%.These upsides put all three major indexes comfortably on course to close the week in the green. As it stands, the S&P is up 4.9% weekly, while the Dow Jones is up 4% by the same metrics. In addition, the Nasdaq is also on course for a winning week with a commendable 6.1% increase.By extension, the three major indexes are also on course for a positive month.October CPI ReportInvestors received fresh hope that inflation may be tapering after October’s consumer prices by the Bureau of Labor Statistics came in less than expected. This positive development also led to a decline in US Treasury yields while inversely triggering a rally in tech stocks. Commenting on the situation, chief global strategist for LPL Financial, Quincy Krosby, offered:“Markets across the board are euphoric following the cooler CPI this morning… But today’s CPI report, while indicating that inflation is moving in the right direction, does not suggest that inflation has been rooted out of the broader economy. And it does not suggest that Fed’s job to restore price stability is complete.”Michael Arone, chief investment strategist at State Street Global Advisors, described the latest inflation trend as a welcome development. However, he also suggested that investors err on the side of caution and remain vigilant.Meanwhile, San Francisco Fed President Mary Daly took a more cynical approach to the latest CPI report. As she put it:“One month of data does not a victory make, and I think it’s really important to be thoughtful that this is just one piece of positive information, but we’re looking at a whole set of information… We have to be resolute to bring inflation down to 2% on average.”Daly further stated that the goal is to continue to adjust policy until the inflation level goal is achieved.”The October CPI data shows an increase of 0.4% from the preceding month and a 7.7% increase year-over-year (YoY). Business News, Market News, News Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover. Thank you!You have successfully joined our subscriber list.
Place/Date: – November 11th, 2022 at 12:35 pm UTC · 2 min read Source: FMEX Photo: FMEXWorld Cup 2022 is coming and we are sure you are as excited as we are for this special event! In recent years, the covid crisis has hit us hard and we are sure that the 2022 World Cup will bring back the joy and festive spirit in all of us!To celebrate World Cup 2022, FMEX has previously announced its collaboration with Borussia Dortmund (BVB) in releasing an exclusive set of NFTs based on their soccer players. The official launch and mint date will be November 9th 2022. With extensive utilities and fan rewards, they aim to revolutionize the NFT sports market and provide some warmth in the current crypto winter. Please stay tuned for this exciting release in the coming Thursday. The BVB NFT collection consists of a series of mystery boxes divided into 6 different rarity tiers, namely Common, Uncommon, Rare, Super Rare, Ultra Rare, and Secret Rare. Each Tier is associated with certain benefits, and the rarity levels will be revealed to buyers after the release date. Let’s get straight to the point and introduce the exciting benefits for the different tiers.For the top 3 Tiers (Super Rare, Ultra Rare and Secret Rare): Congratulations! These holders will have access to exclusive FMEX benefits. This means that you will enjoy exclusive BVB merchandise (e.g. signed jerseys), higher staking bonuses, high-level in-game benefits, tickets to international matches and much more.For Common, Uncommon and Rare holders of their BVB NFTs, do not worry, they will get WL seats for future launches, in-game benefits, staking, etc. Most importantly, FMEX ensures 100% PAYBACK of the NFT market price through airdrops of FMEX tokens (FMEX tokens are listed on a major CEX)! They will return to NFTs owners the equivalent value they bought for BVB NFTs through airdrop. The price will be equal to the floor price, which means that the first 3 tiers of BVB NFT holders will basically acquire the NFTs for free with additional utilities’ benefits.FMEX will be releasing more exciting football collections in the near future, including partnerships with Real Betis and Andrés Iniesta. Visit their website www.f.cc and Twitter, www.twitter.com/meta_soccer for more updates. Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release. Created with Sketch. Subscribe to our telegram channel. Join
Place/Date: – November 11th, 2022 at 11:33 am UTC · 3 min read Source: Big Eyes Coin $8 million generated and the presale is still ongoing? Yes! Crypto enthusiasts sure do not want to sleep on such a promising token. While Decentraland (MANA), and Algorand (ALGO) are experiencing staggering values on the market, Big Eyes Coin (BIG) is reaching for the stars and powered by its community’s unwavering support. Take the Profitable Chance by Purchasing Big Eyes Coin (BIG) and Receive Bonuses!Big Eyes Coin (BIG) is still undergoing its presale but has made over $8 million so, it is best crypto enthusiasts take clue and do the needful. Moreover, with the ‘BEYES838‘ code users might win bonuses. Using an ERC-20 token, Big Eyes Coin (BIG) as its native cryptocurrency, Big Eyes Coin (BIG) intends to make Decentralized Finance (DeFi) simple to understand, access and use; wants to ensure that its community of users make 1000x yields and that while the users make money, they assist in safeguarding the part of our ecosystem that is responsible for 90% of the air we breathe (oxygen), the marine life.Big Eyes Coin (BIG) ensures that crypto enthusiasts can have more tokens by providing fees-free transactions. This way, the payment meant for transaction is added wealth for users. In addition, as a member of the Big Eyes Coin (BIG) community, users have access to events where artists can trade their masterpieces as Non-Fungible Tokens (NFTs). Moreover, the profits from the sales of Non-Fungible Tokens (NFTs) will be channeled into voting on burning or not burning Big Eyes (BIG) tokens. The voting will be done by the community members as decision-making is to be done by them.Big Eyes Coin (BIG) has allocated 20% of its total 2 billion tokens for liquidity on exchanges that will list Big Eyes Coin (BIG). Also, as its contribution to the ecosystem, 5% of the 2 billion Big Eyes Coin (BIG) are earmarked as charity towards ocean sanctuary. Also, from the 2 billion Big Eyes (BIG) tokens, 5% is to be redistributed to token holders while 4% is meant to be given to the foremost sellers of Non-Fungible Tokens (NFTs).Virtual Land Assets Can Only Be Acquired with Decentraland (MANA)Decentraland (MANA) is the utility and exchange of a blockchain, Decentraland blockchain, that allows for ownership of virtual LAND in a decentralized means. Decentraland (MANA) token is a virtual asset that can be utilized as payment of services and goods on the Decentraland (MANA) platform. Decentraland (MANA) token is an ERC-20 token, so it is implemented on Ethereum (ETH).Decentraland (MANA) token can be used by crypto enthusiasts to acquire, sell and build decentralized and virtual land assets. Moreover, Decentraland (MANA) tokens can be exchanged for or used as payment for traditional currency or other crypto tokens.With Algorand (ALGO), Decentralized Scalability Equals Fast TransactionsAlgorand (ALGO) is the native token of a platform that offers decentralized scalability and efficiency that produces fast transaction processing, Algorand platform. Algorand (ALGO) token is used to provide participation nodes required for voting and affirming new blocks for Algorand blockchain.Algorand (ALGO) tokens are also used to ensure that already finalized transactions that occur on Algorand blockchain cannot be tampered with. In addition, the Algorand (ALGO) token helps to subdue all data burdens on the Algorand network that result from compression by users.More information on Big Eyes Coin: Website, Telegram, Twitter. Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release. Created with Sketch. Subscribe to our telegram channel. Join
Place/Date: – November 11th, 2022 at 12:02 pm UTC · 4 min read Source: Tora Inu Dogelon Mars is surging this week after the cryptocurrency increased by 70%. Memecoins might be back on the table as the sector shows significant increases amongst the top competitors such as Dogecoin and Shiba Inu. With the sector beginning to move, we decided to look at the next potential memecoins set to explode.Dogelon Mars Leading the Surge – Memecoins on the Rise?Memecoins are beginning to gain traction this week, with Dogelon Mars and Dogecoin leading the surge after both climbed by over 70%. Dogelon Mars is edging the entire sector after seeing a further 90% gain over the past fortnight.Other tokens are also seeing some significant price hikes this week, including Floki, Tamadoge, and DogeBonk – all seeing respectable price rises.With the leaders beginning to make significant price increases, many investors wonder what the next potential movers could be in the memecoin sector.What Is the Next Memecoin in the Wings?The memecoin industry is primarily surging following the Twitter takeover from Elon Musk. As a result, many buyers are quickly rushing back into Dogecoin as they believe that Musk might integrate the memecoin into the top-ranked social media platform. If their wish comes to fruition, Dogecoin will finally be able to provide utility to its holders.As a result, investors are starting to rush into the sector to pick up tokens that might benefit from the Dogecoin price surge – which is why Dogelon Mars saw such a huge rise this week. Other tokens that people are eyeballing include the likes of Shiba, BabyDoge, Floki, and Tamadoge.One memecoin that is starting to gain the attention of prominent memecoin investors is Tora Inu – a new-era memecoin that introduces a twist to the sector. Tora Inu is a play-to-earn memecoin platform that combines a fun P2E game with intuitive deflationary tokenomics. Investors are increasingly starting to believe this could be the memecoin giant of 2023.What Sets Tora Inu Apart?Tora Inu sets itself apart from the rest of the memecoin sector due to its fair-to-play game and burn and redistribution mechanism.The project is currently hosting a presale for its TORA token that is quickly selling out as investors are starting to realize that it’s setting the foundation for a flourishing ecosystem to thrive in 2023.The burn and redistribution mechanism causes TORA to become more scarce as the platform becomes more popular. As more transactions run through the blockchain, the pace of deflation increases, causing the supply of TORA to shrink further. As a result, investors believe that the constant deflationary mechanics combined with a rising demand will likely cause the price of TORA to explode in 2023.The deflationary implementation works by introducing a 3% tax on all buy and sell transactions on the blockchain. From this tax, some is also redistributed to the most loyal TORA holders – causing their wallet balances to increase.🐕 Tora Inu is a deflationary-rewards meme token. Hold $TORA and receive redistributions from every transaction across the blockchain 🐕🕹️ P2E game which releases a month after launch 🕹️🐾 NFT gaming to grow your #ToraInu into a powerful dog to enter races and competitions 🐾— Tora Inu (@torainucoin) September 29, 2022In addition to the burning mechanism, Tora Inu will also release a fun P2E game that raises the standards within the industry. To participate, users must purchase an NFT, which comes with stats that are slowly buffed as they win mini-games against other players in the ecosystem.Tora Inu believes the current P2E economy is skewed as it allows users to buff their stats for payments – effectively turning P2E into a pay-to-play economy. What sets this P2E game apart is that users aren’t able to pay to increase their stats. Instead, the game is entirely skill-based, and there are no shortcuts to reaching the top rankings in the game.Colossal Marketing Campaign Lined UpIn addition to the unique features of the platform, the team behind Tora Inu understands that a project needs a large community and consistent buying pressure to push the token to the top-ranked memecoins. Therefore, they have plans to launch a colossal marketing campaign after launching to promote the project among the most prominent crypto publications in the industry.Furthermore, they also have a CEX marketing drive lined up to get TORA listed on as many tier-1 exchanges as possible. They already have a tier-1 exchange lined up to list TORA after launching. Rumors are starting to circulate that this exchange could be OKX – although this is not confirmed.Presale Still AvailableThe presale for Tora Inu is still currently underway, but you will need to act quickly to get involved at what could likely be the lowest price possible for TORA before the presale totally sells out. Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release. Created with Sketch. Subscribe to our telegram channel. Join
New Twitter owner Elon Musk recently sent his first company-wide email to staff, halting remote work culture. Elon Musk has issued the first general email to Twitter employees as the new owner and CEO of the microblogging platform. In the company-wide memo, the outspoken businessman stated that he is discontinuing Twitter’s “work from home forever” policy. Musk noted that the company’s staff must be physically present no less than 40 hours a week. Furthermore, the Tesla CEO said he is personally responsible for approving alternative arrangements.Musk further struck out “days of rest” from Twitter staff calendars. This non-working day(s) was a monthly day off introduced during the height of the pandemic. In the inaugural Twitter staff email, Elon Musk noted that the company needs significant subscription revenue to survive the economic downturn. To improve Twitter’s chances of weathering said crunch, the Tesla and SpaceX boss is making changes to its operational mode. Reports state that Musk plans to shift the social media giant’s business so that it generates at least 50% of its revenue from subscriptions. This way, the seasoned business executive opines that the San Francisco-based organization would become less reliant on advertising. However, advertising revenue has always constituted a sizable chunk of Twitter’s revenue haul, and Musk admitted he does not expect that to change anytime soon.Elon Musk Inaugural Email to Twitter Staff Effective ImmediatelyMusk’s new rules become effective immediately, as he said there is no way to disregard the bleak economic outlook. In his message to staff, the billionaire wrote, “The road ahead is arduous and will require intense work to succeed”. He further stated that the topmost priority over the next few days is identifying and suspending any verified spam accounts, bots, and trolls.New owner Musk is ringing in the changes at Twitter amid a string of additional lower-level resignations at the social media giant. Notable among such staff departures is that of Chief Information and Security Officer Lea Kissner, who wrote:“I’ve made the hard decision to leave Twitter. I’ve had the opportunity to work with amazing people and I’m so proud of the privacy, security, and IT teams and the work we’ve done. I’m looking forward to figuring out what’s next.”Kissner’s departure message sparked a thread of sympathetic responses, to which he also replied:“I’ve loved this job and we got *so* much done, but here we are.”Musk Reputed Work EthicMusk’s order that Twitter employees physically return to work reflects his dissatisfaction with the company’s existing work culture. It also reflects a similar policy he implemented at Tesla earlier in the year. At the end of May, Musk demanded that Tesla employees log in no less than 40 hours a week at the office or resign. In one of the warning emails sent, the brash businessman said, “If you don’t show up, we will assume you have resigned.”Reports at the time also stated that some Tesla employees who were unable to return immediately physically were granted a grace period. However, according to the workers, Tesla fired them when they failed to return to the office. Business News, Editor’s Choice, Market News, News Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover. Thank you!You have successfully joined our subscriber list.