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Charles Hoskinson Defends Cardano Amid Growing Criticism

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Charles Hoskinson, the founder of the Cardano blockchain, has recently addressed the growing criticisms surrounding Cardano. In a detailed explanation, Hoskinson discussed the transition into the Voltaire era of the blockchain, which he believes is a significant phase meant to address long-standing issues and enhance governance.

Cardano Rising: Charles Hoskinson Challenges Critics in Bold Response

Charles Hoskinson has defended the Cardano blockchain amid growing negative sentiment within the cryptocurrency community. His defense comes at a pivotal moment as Cardano transitions into its Voltaire era, a development that will address many of the grievances that have built up over the years. 

This era is a critical step towards realizing the full potential of the Cardano ecosystem, marking a shift towards community-driven governance mechanisms.

Moreover, Hoskinson asserts that this transition is not an indication of failure but rather a strategic move to strengthen Cardano foundation. He emphasized that the negative perceptions are primarily due to misunderstandings about the blockchain’s developmental trajectory and the shifts required for growth. 

Hoskinson believes that Cardano can effectively address and resolve the issues that have hindered its progress. He emphasized,

“Now that Voltaire is here, the new governance is capable of listening and adapting to meet these needs and also executing a new roadmap to grow the ecosystem dramatically.”

Governance and Innovation on the Cardano Blockchain

With the arrival of the Voltaire era, Charles Hoskinson points out that the Cardano blockchain can implement changes and improvements directly influenced by community feedback. The founder of IOG cites these developments crucial for an adaptable and blockchain ecosystem. 

Additionally, the introduction of the Midnight network, a new development focused on privacy and secure smart contracts, highlights Cardano’s commitment to innovation and security. This move, according to Hoskinson, ensures that the blockchain remains a leading technology in the space. Concurrently, stresses that the advancements are essential for Cardano to maintain its competitive edge and address user needs.

Market Reactions and Future Prospects

Despite the optimistic outlook from Hoskinson, market analysts have expressed concerns about ADA price. Most recently, analyst Max Keiser warned that ADA price risks a 90% crash. These speculations arise amidst a broader market uncertainty affecting many cryptocurrencies. However, Hoskinson remains unfazed, reinforcing that the fundamental value of Cardano lies in its long-term potential.

Charles Hoskinson concludes that the true measure of Cardano’s success will be its ability sustain growth through innovation. The founder expressed optimism stating, “Cardano isn’t dying. It’s thriving and growing.”

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Donald Trump DeFi Raises $300M For Lending Platform.

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4 hours ago

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October 10, 2024

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The first sale for the DeFi project World Liberty Finance, allegedly associated with former US President Donald Trump and his three sons, is set to launch next week. It will attempt to raise $300 million by selling 20% of the WLFI token supply in the initial token sale, valuing the project at $1.5 billion once fully diluted.

A typical roadmap with investors projected that the forthcoming token sale would go live next week.

Trump’s World Liberty Finance Aims to Raise $300M

World Liberty Finance, a DeFi project associated with Donald Trump, seeks $300 million from selling 20% of its $WLFI tokens. This would happen at a market capitalization of $1.5 billion once fully diluted. These tokens, however, would not be able to be transferred within those first 12 months. Even when such a community vote in the first 12 months passes for these tokens to be transferable, they shall not be.

This is likely not all since 63% of the token supply will go through a public sale in the future. Also, user rewards reserved 17% of the supply. 20% of the tokens go to the team. WLFI is a governance token, and this will let holders vote on the platform’s development decisions.

Governance functionalities have been live from the very beginning. As such, they will not be restricted even when tokens remain in a non-transferrable state. It is worth mentioning that the platform will be deployed on the Aave DeFi protocol. 

Trump Joins World Liberty Finance as Chief Crypto Advocate

World Liberty Finance is a new crypto project from its co-founders, Steve and Zach Witkoff, Zak Folkman, and Chase Herro. It aims to further the mass adoption of digital assets by developing a compliant alternative finance platform. It recently opened its Know Your Customer (KYC) verification process on its website.

Donald Trump has assumed the role of Chief Crypto Advocate in the World Liberty Finance, and his three sons are on board as the Web3 Ambassadors.

Other big stars associated with the project include Luke Pearson, with Polychain Capital, as Head of Platform, and Corey Caplan, a Dolomite co-founder, as the Head of Technical Strategy.

The first phase includes deploying a version of the Aave DeFi lending protocol onto Scroll, a Layer 2 scaling solution for Ethereum. Users will be able to lend and borrow various assets such as Bitcoin, Ether, and several stablecoins.

Aave’s governance has already received the proposal. The deployment of the lending protocol Aave V3 will deliver 7% of the WLFI token supply to the Aave DAO for voting and liquidity, in addition to 20% of the protocol’s fee revenue the protocol’s fee revenue.

Later stages of World Liberty Finance will include integrating exchanges with on-chain KYC attestations, a credit card focused on stablecoins, and fractionalizing real-world assets such as hotels and sports clubs. The project, which targets US-accredited and qualified investors abroad, has lobbied for criticism of outdated US regulatory policy that prevents broader access to its token sale.

From “Scam” to Advocate for Digital Assets

Donald Trump’s stance on cryptocurrency has eminently changed in the past few months. From calling it a “scam against the dollar” in 2021, he has adopted digital assets in his run for president in 2024.

Last month, during a Nashville conference, he announced his plan to make the US the “crypto capital of the world.” He ventured directly into the digital markets, issuing several sets of NFTs, including one with his mugshot.

His campaign has also made a tactical pivot to crypto fundraising. In July, the Donald Trump campaign brought about $3 million from donors linked to cryptocurrency.

He also became the very first presidential candidate to accept campaign donations in cryptocurrency. This is a far cry from his previously expressed skepticism, and the World Liberty Finance project proves it.

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Teuta

Teuta is a seasoned writer and editor with over 15 years of experience in macroeconomics, technology, and the cryptocurrency and blockchain industries. Starting her career in 2005 as a lifestyle writer for Cosmopolitan in Croatia, she expanded into covering business and economy for several esteemed publications like Forbes and Bloomberg. Influenced by figures like Don Tapscott and Bruce Dickinson, Teuta embraced the blockchain revolution, believing crypto to be one of humanity’s most crucial inventions. Her fintech involvement began in 2014, focusing on crypto, blockchain, NFTs, and Web3. Known for her excellent teamwork and communication skills, Teuta holds a double MA in Political Science and Law, enjoys punk rock, chablis, and has a passion for shoes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ethereum Millionaire That Turned A $3200 Shiba Inu (SHIB) Trade Into $22 Million Says This Ethereum Presale Will Explode 14,000X This Winter

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5 hours ago

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October 10, 2024

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An Ethereum millionaire who made a $22 million fortune by longing Shiba Inu (SHIB) with $3200 in the 2021 crypto bull markets is driving an influx of smart crypto investors buying the ETFSwap (ETFS)  viral presale as he touts ETFS as the next hidden crypto gem to experience an explosive 14,000x rally this winter of the crypto bull run.

ETFSwap (ETFS) Viral ICO Token  Programmed To Create Millionaires With A 14,000x Explosive Rally Q4 2024

ETFSwap (ETFS) viral presale token selling for an undervalued  $0.03846 is trending on X and is becoming scarce by the minute after a famous Ethereum millionaire who made $22 million with Shiba Inu (SHIB) in 2021 revealed it as the next presale token to surge 14,000% this bull run. ETFSwap (ETFS) groundbreaking DeFi utilities are placing the ETFS presale token on the top shelves of smart crypto investors who aggressively accumulate ETFS to position for generational wealth. 

ETFSwap (ETFS) beta platform launch, which is around the corner, will be a game changer in the crypto industry. Phase one of the ETFSwap (ETFS) beta platform has a robustly built backend with liquidity pools and next-generation staking features that will bring wealth to stakers. ETFSwap (ETFS) users will earn as much as 87% APR staking rewards, receive the best price quotes of ETFs and cryptocurrencies, and tokenize their real-world assets (RWA) after the developers complete UI testing of the beta platform. 

ETFS presale investors and token holders will participate in the governance of the ETFSwap (ETFS) ecosystem and can swap ETFS for in-demand crypto and tokenized ETFs at the lowest trading fees. Some of the in-demand tokenized ETFs bought by institutional players that will be accessible to retail using ETFSwap (ETFS) include vanguard, Ishares, bonds, equity, fixed income, commodity, market, spot Bitcoin, and spot Ethereum ETFs, among others. 

The DeFi platform will be highly lucrative for ETF traders as it will provide a 100x trading booster that they can use to scale gains on tokenized ETFs up to 45,000%. Crypto traders will benefit from free access to VIP trading resources and real-time trading strategies of veteran traders that they can adopt to boost win-ratio trading futures of cryptocurrencies on the ETFSwap (ETFS) DeFi platform. ETF traders will gain access to customizable AI-powered tools that they can use to search for desirable tokenized ETFs during the phase two launch of the ETFSwap (ETFS) beta platform.

ETFSwap’s (ETFS) robust DeFi platform will operate 24/7 after launch and provide users optimal trading liquidity and complete coverage of the global crypto markets. Unlike centralized and traditional finance platforms, ETFSwap (ETFS) will give users full control over managing their portfolios with no restrictions and secret third-party involvement.

ETFSwap (ETFS) DeFi platform is highly secure and has a smart AI user-friendly interface. The DeFi platform smart contracts have also undergone auditing by the CyberScope security firm, which discovered no vulnerabilities. ETFSwap’) ETFS) smart team of developers are renowned and have all completed KYC with the SolidProof global security firm.

Ethereum Millionaire Forecasts Shiba Inu (SHIB) To Fall Behind ETFSwap (ETFS) As He Buys ICO With SHIB Profits From 2021

The famous Ethereum millionaire who made $22 million in profits from trading Shiba Inu (SHIB) in 2021 is making the rounds in the crypto industry with his forecasts of Shiba Inu (SHIB) falling behind the ETFSwap (ETFS) presale token in profitability to investors this bull run. 

According to the Ethereum millionaire Shiba Inu (SHIB), the potential to rally when compared to ETFSwap (ETFS) is very slim as it faces numerous price resistances and sell walls from past investors looking to dump their bags at every slight pump. 

Meanwhile, Shiba Inu (SHIB) trading at $0.00001793 could experience low trading volumes as the Ethereum millionaire reveals his $5 million profit liquidations of SHIB to buy the ETFSwap (ETFS) viral presale token.

Conclusion

The ETFSwap (ETFS) viral presale token selling for an affordable $0.03846 is set to skyrocket shortly and lead major rallies as it has the investment backing from big whales and Ethereum millionaires selling SHIB and other crypto tokens to secure an ETFS spot and position for 14,000x gains this crypto summer.

For more information about the ETFS presale,

Visit ETFSwap Presale

Join The ETFSwap Community

 

 



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Binance Expands Support For BNSOL After Listing, Here’s How To Stake

Published

9 hours ago

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October 10, 2024

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Crypto exchange Binance on Thursday again issued an important announcement surrounding the staked SOL token on the exchange, BNSOL. The crypto exchange revealed that it is now adding the staked token on ‘Earn, Convert & Margin,’ enhancing trade offerings for users. These enhancements follow the token’s recent listing on the same exchange, echoing optimism for the crypto’s long-term perspectives.

Binance Enhances Offerings For Staked SOL

As per an official Binance announcement dated October 10, BNSOL is all set to be added on Earn, Convert, and Margin platforms today. Simple earn and flexible products for the token will be listed on ‘Simple Earn’ today at 08:00 UTC and will thereafter be available for subscription. Simultaneously, users will be able to trade the asset against BTC, USDT, and other tokens on ‘Convert’ at zero trading fees within one hour of the asset’s listing on the spot trading platform.

Additionally, the staking crypto will also be added to Cross and Isolated Margin along with SOL pegged pairs on October 14 at 08:00 UTC. These enhanced offerings, after the exchange recently revealed listing for the token, have reverberated optimism among market participants globally. CoinGape Media reported earlier that with Binance’s backing, BNSOL secured listing, sparking considerable optimism across the broader market.

How To Stake SOL?

Meanwhile, the crypto exchange also rolled out three ways for users to stake their SOL on the platform. One can easily go to the ‘SOL pledge’ section on the ‘financial management’ page and achieve staking. Further, users can also get the staked token by pledging SOL in the Binance Web3 wallet. Lastly, users can directly recharge the staked Solana token into their accounts, the announcement added. All new and old token holders are eligible to enjoy up to 10% APR during the promotion period.

Simultaneously, BNSOL price rested at $139.5 at press time, down nearly 3% in the past 24 hours. Similarly, SOL price traded at $139, noting a 2.5% decline at press time. Nevertheless, the listing plans have garnered significant attention to the staking token. It’s also worth noting that the token represents staked SOL and income collectively in a tradeable and transferable form on the exchange.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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