A DAO, within another DAO, within another DAO
Learn about the Tokeners DAO project and "The Hitchhikers", Avalanche accessible to 4.5 million users, Binance will not block Russian accounts and much more...
We say goodbye to a February that has flown by and we say "hello" to a March that is going to be, for sure, exceptional. For many and multiple reasons. For us, it is a special month because we are working very hard to launch many novelties. Many of which we are going to tell you about in this special that we have prepared for you, and that we want to introduce with…
Well, in this very special article (when you read it you will understand why it is so for us), our colleague Jesus Fernandez, from beToken Capital Research, reveals not only what a DAO is, but we also tell you about the future plans that we have with beToken, Tokeners DAO and Hitchhikers.
Because… make no mistake: this news you are reading is just the tip of the iceberg of a very cool and ambitious project that we are working on, day by day, with a lot of love and dedication.
You can not wait? Don't worry, with Jesus' permission, we'll excerpt you here a little bit:
The crypto world goes very fast and expands at breakneck speed... Exploring it is not easy and from there came beToken my Friend, the Hitchhiker's Guide to the Cryptoverse, a daily newsletter that combines information curation, with education for Beginners and access to First class research.
However, we have seen another need, the need for a new Tribe in the Cryptoverse, a community with a clear vision:
Promote the disruption that Blockchain and the Cryptoverse represent, their advantages and their possibilities, so that people, politicians and regulators can get the most out of Economy 3.0.
Yes, we have said it well, Economy 1.0 was the one that existed before Nixon left the gold standard, an economy where money was backed by assets; then we entered Economy 2.0 that we are in now, a debt-based economy where both central banks (ie a centralized economy where one entity, the FED, makes almost all decisions) and normal banks create money (debt) out of thin air ("out of thin air" as the English say) and that has led us to a global debt of more than 350% of what we produce and where people's money (including the shares of companies they buy) are in the hands of third parties (in general, yes, from banks); and now, with Bitcoin and Ethereum, as spearheads, we enter Economy 3.0. a decentralized economy, which no longer allows uncontrollable debt generation, where all transactions are reliable and transparent, and above all, where people regain direct control over their finances and assets.
The Tribe is called Tokeners DAO.”
And… up to here we can read!! 😎😎 But don't worry, you have the link to the full article below. We are in very good company on this trip: from all of those who you see write and sign, others who do not sign, but are, and many other people who are working on different aspects of our project in a more or less visible way.
And of course, all of you: each and every one of you who follow us and read us are already part of our tribe: Tokeners DAO.
So... book a little while, read, enjoy, freak out 😀, share and... 👇👇
DAOs, what are they and why should you care?
And a first look at Tokeners DAO and "The Hitchhikers"
This is one of the most complex posts that can be written, a priori it seems simple, an autonomous and decentralized organization, but the implications of DAOs are enormous: from taking democracy to the extreme by implementing new digital nations to an effective way of organizing companies or resist censorship.
Let's start from the beginning...
Decentralized: online, interconnected, reliable and uncensored
Organization: coordination and collaboration around a common goal
No, Bitcoin it is not a DAO, it is a decentralized and autonomous protocol, but it is not an organization. Yes, Ethereum yes it is a DAO and in general almost all its competitors and the DApps that make up DeFi are too.
Let's go step by step breaking down the acronyms…
Please, keep reading at…
Record: 76.5% of all #bitcoin has not moved in at least six months.
Avalanche blockchain now accessible to 4.5M users across Wirex payment ecosystem
Users can spend AVAX, in addition to 61 crypto and traditional currencies on Wirex once linked up to a crypto-enabled debit card.
Wirex, a digital payment platform that enables users to spend 62 fiat and cryptocurrencies at more than 61 million locations worldwide via the Wirex platform, announced the integration of Avalanche (AVAX) into its ecosystem on Monday. With the move, users can receive, send, store, and exchange AVAX tokens, and add custom tokens via the Avalanche blockchain. The company plans to onboard multiple AVAX based tokens over the next few months.
Read more: 👉cointelegraph
World’s biggest crypto exchange Binance says it will not block all Russian accounts despite Ukraine request
Binance said Monday it will block the accounts of Russian individuals who have been sanctioned, but will not “unilaterally” freeze the accounts of all Russian users.
The comments come after Ukraine’s vice prime minister called on major cryptocurrency exchange to block all Russian user accounts.
“We are not going to unilaterally freeze millions of innocent users’ accounts,” a spokesperson for Binance, the world’s biggest cryptocurrency exchange, told CNBC.
“Crypto is meant to provide greater financial freedom for people across the globe. To unilaterally decide to ban people’s access to their crypto would fly in the face of the reason why crypto exists.”
Read more: 👉CNBC
USDT records new all-time high against Russian ruble as inflation hits
As an immediate countermeasure against the rising inflation of its fiat currency, the Russian central bank doubled key interest rates on Monday, from 9.5% to 20%.
United States dollar-pegged stablecoin Tether (USDT) witnessed a spike of over 30% in five days against the Russian ruble — highlighting the negative and immediate impact of the ongoing war on the traditional financial system.
Data from Cointelegraph Markets Pro and crypto exchange Binance show that the ruble is undergoing inflation as the USDT/RUB trading pair — for the first time in history — crossed 105 rubles.
Read more: 👉cointelegraph
Bank of America Sees No Crypto Winter Given User Adoption, Developer Activity Growth
Still, crypto-market upside likely to be limited for the next six months by Fed tightening, macro headwinds.
An analysis of cryptocurrency flows between personal and exchange-based wallets shows a “lack of directional conviction” in the market, Bank of America said in a note entitled “Digital Assets: In the Flow.”
Tightening by the U.S. Federal Reserve and macroeconomic headwinds are likely to limit upside for cryptocurrencies over the next six months. This won’t, however, be a “crypto winter” given the level of user adoption and growth in development activity, analysts led by Alkesh Shah wrote in the note Friday.
Read more: 👉coindesk
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beToken Capital Research Lab is the promoter of beToken my Friend and part of the Genesis team of DAO Tokeners.
beToken Capital is made up of a team of experts in venture capital, financial markets and cryptocurrencies with the aim of contributing to the democratization of finance by promoting people's financial education.
It provides Institution-grade Research services in Crypto (some of them we share on beToken my Friend) and also invests early in the companies and protocols that are going to revolutionize Finance and Web 3.0.