Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,158,065 members, 7,835,602 topics. Date: Tuesday, 21 May 2024 at 12:20 PM

CoinMegaTrend's Posts

Nairaland Forum / CoinMegaTrend's Profile / CoinMegaTrend's Posts

(1) (2) (of 2 pages)

Investment / $GME Meme Coin Bring Uproar On SOL by CoinMegaTrend: 3:38pm On May 14
The meme coin market on SOL is unlike any other I've seen before, with hundreds of coins boasting dedicated communities and strong social media presence that significantly boost their values. Some of these coins have gained an impressive 500% to 2000% in just a matter of days.

Following the recent surge in value of $GME, which saw a 2,000% rise after the project leader revealed his identity online, Bitget listed the token today and more exchanges have taken notice and are eager to capitalize on its popularity.

While BONK and WIF were my top picks for meme coins on Sol a few months back, many are now speculating that $GME could be the next sustainable meme coin in the SOL market. What are your thoughts on this potential shift?
Investment / Re: Roseon Exchange Is Streamlining Defi And Unlocking Rewards On Arbitrum by CoinMegaTrend: 12:39pm On May 10
akeemqaz:
Decentralized finance, or DeFi, is revolutionizing the financial world by providing services without traditional intermediaries. At the forefront of this transformation is Roseon Exchange, making DeFi's potential more accessible.

With its rapidly expanding user base of 310,000 registered users and 20,000 daily active users, the RoseonApp is gaining widespread popularity in the 750,000-strong community.

Recognizing onboarding complexities as a barrier, Roseon introduces seamless social login integration and streamlined One-Click Trading (1CT) to simplify transactions.

Currently listed on Bitget, Roseon offers a CandyBomb promotion distributing 2,265,000 worth of its $ROSX token.

Through over 100 partnerships, this DeFi exchange unlocks exciting rewards while democratizing innovative financial services.

What specific aspects of Roseon's platform are most appealing to you in terms of simplifying access and adoption of decentralized finance (DeFi) services?

exchanges tokens often provide attractive prospects for long-term investments because of their functionality and worth, especially an exchange that's powered by artificial intelligence. I am interested in participating in the CandyBomb event that you brought up, as the prize pool is inviting. I just hope that the requirements for the event are not too demanding.
Investment / Experience Spinning Wheel For A Chance To Win Crypto Soccer! by CoinMegaTrend: 8:25am On May 10
Hey there! As we all know, the cryptocurrency market is incredibly volatile, with prices fluctuating unpredictably. Despite Bitcoin hitting new highs in March and the anticipated surge post the Bitcoin halving not materializing, prices are currently on a downward trend. However, investors are reluctant to sell off their significant investments at a loss and are exploring alternative avenues to earn attractive bonuses within the crypto realm.

I came across a group of seasoned individuals discussing Bitget's recent initiative where users can participate in spinning the wheel to win crypto soccer. The rewards increase based on the completion of tasks, with a total prize pool of 150,000 USDT up for grabs.

Have any of you taken part in this event or have had similar experiences in the past? Let's share our insights!
Investment / Re: Mode Network Revs Up With $MODE Token Launch. by CoinMegaTrend: 8:24pm On May 07
MantheDude:
Interesting! I came across some news today about the launch of a new DeFi token called $MODE. Launched today, May 7th, 2024, $MODE is the native token of the Mode network.

Intrigued, I decided to explore what Mode has to offer. It appears to be a Layer-2 blockchain specifically designed for Decentralized Finance (DeFi) applications. This technology suggests faster transaction processing and potentially lower fees compared to the Ethereum mainnet, which could address some of the common pain points in DeFi.

What truly piqued my interest is Mode's approach to incentivizing network growth. Their system reportedly rewards both developers and users for their contributions. This collaborative model fosters participation and could lead to a more robust and engaged community. Notably, the Mode network itself launched its mainnet just a few months ago in January 2024.

Also, It's important to mention that is a listing for $MODE on the Bitget cryptocurrency exchange on the 7th of May which should bring a good development price wise.

Overall, the launch of the $MODE token and the functionalities of the Mode network itself present an interesting proposition within the DeFi landscape. The focus on speed, affordability, and a user-centric reward system is certainly noteworthy. We also can't ignore the core features of Mode and its commitment to community development.

As always, conducting your own research is essential before making any investment decisions. This information is for informational purposes only and should not be interpreted as financial advice. However, the emergence of $MODE and the Mode network is certainly worth keeping an eye on to see how they evolve within the DeFi space.


True, one key aspect of the Mode's project that I really like is their approach to incentivize it's network growth by rewarding developers as well as the users. I read that of 5.5% of the supply goes to Mode users and developers for Airdrop 1 and also, 5% of the supply has been allocated to Mode users and developers for Airdrop 2 and that the remaining will be allocated to future airdrops. So at what point are we in the reward distribution? I hope I've not missed out already especially now it's already traded on Bitget?
Investment / Re: Ever Heard Of Landx Finance? by CoinMegaTrend: 8:06pm On May 05
Cryptocreed:
It seems the market is getting back on track with BTC having a nice price movement; we are now seeing more greens everywhere, which is why I put my research shoes back on. So, while I was doing research, I saw a tweet from KOL about LandX.

LandX Finance merges traditional assets with DeFi via Perpetual Commodity Vaults. This means farmers can raise funds from DeFi, and investors can earn from crop profits on-chain. With LandX's expected listing on exchanges, including Bitget, the project gains broader exposure in the market.The $LNDX token gives governance rights and protocol fee shares. It's a simple yet powerful way to tap into real-world assets in DeFi. Share your thoughts about DeFi projects in agriculture?

I haven't seen many projects that excite me as much as LandX does. Their concept of connecting farmland owners with crypto-native investors through blockchain-based Perpetual Commodity Vaults is not only viable but also achievable. Many farmers struggle with accessing capital for their projects, so the implementation of LandX, which allows farmers to raise capital from the DeFi ecosystem in exchange for regular crop share payments secured by their farmland, is clear evidence of blockchain technology solving real-world problems. This is exactly what we need.
Investment / Re: Can Exchanges Use Proof Of Reserves To Build Trust? by CoinMegaTrend: 5:09pm On May 04
XTRAVAGANZA:
Bitget, a leading cryptocurrency exchange, has shown a strong commitment to user security and transparency through their Proof of Reserves program. This program ensures that it holds at least 100% of user assets in reserve across major cryptocurrencies like BTC, ETH, USDT, and USDC. This reserve ratio is independently verifiable through Merkle tree proofs, which provide a secure and immutable record of all user balances.

The importance of a high reserve ratio cannot be understated. It demonstrates that this CEX has sufficient funds to cover all user withdrawals, even in the event of a large-scale exodus. This instills trust in users, knowing their assets are safe and readily available. The fact that this exchange's reserve ratio has been consistently above 100% indicates a growing commitment to user security, likely leading to a positive feedback loop where increased user trust attracts even more users to the platform.
Is Proof of Reserve one of the things you look out for in an exchange? Share your thoughts.

Of course, the primary purpose of setting aside a proof-of-reserves is to provide transparency and to assure customers and regulators that the institution has the necessary assets to meet its financial obligations. A financial institution or cryptocurrency company that can present a verifiable Proof of reserve is better to be trusted than others.
Investment / Re: Could Zerolend Revolutionize Defi With Minimal Fees? by CoinMegaTrend: 6:46am On May 02
Cryptocreed:
With Bitcoin's recent downturn sparking uncertainty, the debate over the bull market continues. Amidst this, I'm seeking opportunities for potential gains. One standout is ZeroLend, a recently listed lending platform on Bitget.

ZeroLend enables lending and borrowing various assets using cryptocurrency, prioritizing security and privacy. It offers a safe haven for managing finances without concerns about fees or privacy breaches. This introduction seems promising for the DeFi landscape."



DeFi has completely changed my perspective on traditional banking and financial services. The impact of projects like ZeroLand, which is based on ZK-Sync technology, has been revolutionary. With its innovative concept of users farming points that convert into $ZERO tokens, ZeroLand is poised to revolutionize the DeFi landscape. So, are you saying that the project is already trading?
Gaming / Re: Discover Undeads: The Game Where You Earn Nfts While You Play by CoinMegaTrend: 9:56pm On Apr 29
Flashamazin:
Undeads is an exciting new game that mixes survival and role-playing, set in a world where zombies and humans are in conflict. Built on the Ethereum blockchain, this game lets you earn unique digital items called NFTs just by playing. These NFTs can be used, traded, or even sold in a marketplace within the game.

One of the coolest things about Undeads is its player-driven economy. You can craft, buy, sell, or trade virtual items, and everything is securely managed through blockchain technology. The game is also working on virtual reality (VR) integration, which means you'll soon be able to interact with other players in a more immersive way.
You can Stake BGB and USDT to mine $UDS the native token of the project on the Bitget Pool X and the trading of $UDS , starts on 30th April on the exchange
If you're into gaming and like the idea of earning rewards, Undeads is worth checking out.

I am well aware of the increasing popularity of blockchain games. Many consider them to be an exciting and innovative way to pass the time, with the added potential for profit. However, determining which games are truly profitable can be challenging. One advantage is that gaming tokens often hold significant value. As such, I am inclined to explore the option of mining to acquire tokens rather than simply playing the game. I will research the project further.
Investment / Re: Paving The Way For A Secure And Efficient Digital Economy by CoinMegaTrend: 10:28am On Apr 29
Very few crypto projects are as focused as Six Network on reinventing the digital economy with such developments as SIX Digital Asset Wallet, Decentralized Financial Services, and Wallet-to-Wallet (W2W) Decentralized Commerce. I would like to know more about the candybomb event you mentioned and how to participate.
Investment / Re: Unlocking Opportunities: Bouncebit (BB) Token Unveiled by CoinMegaTrend: 7:24pm On Apr 25
JeyddaS:


As a longtime holder of Bitcoin, I've been patiently waiting for legitimate opportunities to earn yield on my idle BTC without giving up self-custody. BounceBit represents a potential paradigm shift by introducing the world's first native Bitcoin restaking chain.

Through its innovative dual-token proof-of-stake consensus model, BounceBit finally enables BTC holders to earn passive income and liquid staking rewards in a decentralized, trustless manner. The revolutionary aspect is that this stBTC can then be re-staked or compounded into various other liquid staking opportunities across BounceBit's growing ecosystem of Shared Security Clients (SSCs) like bridges, oracles, liquidity providers, and more. That's why I'm incredibly excited about the listing of the BounceBit (BB) token on Bitget exchange.

The BB token listing on Bitget represents a key milestone for garnering widespread adoption. Now, anyone can gain exposure to this BTC liquid staking protocol and put their Bitcoin to work productively. No longer must we endure the opportunity cost of holding an unproductive asset.

It was on the news the enabling of native liquid staking on BNB Smart Chain. BNB Chain recently announced this move as they transition BNB Beacon Chain functions to BSC. I noticed that blockchain developers have not shown much interest in exploring similar options for BTC, so I am thrilled to see your post stating BounceBit is taking this direction. Bitcoin holders would be excited about the opportunity to earn passive income from their holdings in a secure manner. The fact that BounceBit token BB is already available for trading on Bitget indicates significant progress. I am eager to research this further. Thanks for sharing.
Investment / Re: Buying Things Normally With Your Crypto? by CoinMegaTrend: 6:23pm On Apr 25
JeyddaS:
Love the idea of revolutionizing Defi payments with black card coin. Would the project ever get to deliver their crypto cards to everyone across the world especially to Nigerian?

If that aspect of delivering the card to users is handle, the project is sure to make the news for long and the value of Bccoin will keep flying. I think that's what investors want.

I guess we all share similar concern about card delivery to our local communities. But I'm looking beyond that to giving the project a shot. On their website, there are talks about strategic distribution and we'll leave that for the project time to work it out.

For now, maybe we get focused on mining Bccoin itself on Bitget PoolX to position for future possibilities with the project. A friend already staked his USDT and earning Bccoin daily.
Investment / Buying Things Normally With Your Crypto? by CoinMegaTrend: 11:51am On Apr 25
If you're involved in the world of cryptocurrency as an investor or enthusiast, you probably appreciate the convenience of being able to use your crypto for everyday online shopping. However, the process of converting crypto to fiat, dealing with transaction fees, and navigating various platforms to make purchases can be cumbersome.

Recently, I came across the BlackCard Crypto Credit Card, which aims to simplify transactions by allowing for seamless payments on all major platforms. The project's platform token, BCCoin, has garnered attention and gained listing on some prominent exchanges like Bitget and offers a fee-free staking mechanism for users looking to secure their virtual and physical cards.

With their focus on user rewards and a solid project structure, I am considering $BCCoin for holding but curious to hear if others have found a platform that allows for using crypto as easily as traditional fiat currency on a debit card.
Investment / Re: What Will Be The Ultimate ETH Staking Solution by CoinMegaTrend: 7:36am On Apr 25
MantheDude:
I've been involved in trading for a while now and have become familiar with various crypto concepts, but recently stumbled upon something noteworthy. Meet Renzo, a restaking protocol leveraging EigenLayer technology, designed to streamline ETH staking. Renzo handles everything automatically and even restakes your ETH on EigenLayer for potentially increased yields. Additionally, you receive ezETH, a liquid token, to explore other DeFi protocols for added returns.

Backed by notable names like Binance Labs and OKX Ventures, Renzo has amassed an impressive $3.3B Total Value Locked (TVL) already. Their upcoming token, $REZ, slated for launch on Binance, will serve as governance within the Renzo ecosystem. There's also talk of a possible airdrop for ETH stakers. This presents an intriguing prospect for crypto traders like ourselves - enhanced staking rewards and expanded DeFi opportunities. What are your thoughts on this?

Normally, the process of changing an Ethereum validator's withdrawal credentials to EigenLayer's smart contracts is quite a demanding task cos it requires that one must operate an Ethereum Validator node in order to participate in Native Restaking. Learning of Renzo Restaking which should facilitate higher staking rewards for restakers, is such a huge relief.

With these Utility and the funding highlighted, REZ should perform well. I'm looking this up straight away.
Investment / Is Airdrop Season Fully Back? by CoinMegaTrend: 7:16pm On Apr 23
Remember the good old days when crypto enthusiasts could earn a living by participating in airdrops? Airdrops, a way for crypto projects to distribute tokens to holders for free, instead of holding ICOs. They help incentivize users, reward early adopters, and build a strong community.

There's be numerous Airdrops events of recent and one that caught my attention is the Bitget wallet token BWB, which has been running and users are accumulating points for rewards. Maybe because their exchange is already well known and I can expect something good from their wallet.

The airdrop is ending soon, with millions of points already distributed. Exchange listings of the token is already sure, and more users are taking part to earn rewards. Have any of my friends joined in on this opportunity?

Is there anyone that got the 50 $BWB points welcome bonus for new participants this week?
Investment / Re: Get Ready For Meme Madness: Trade And Win Big Prizes! by CoinMegaTrend: 6:38pm On Apr 23
Earning a share in $10,000 USDT random meme token is what any crypto investors or enthusiasts would be excited about so I'll look it up.

But did I just read about spin? I haven't really been lucky with spins. The other time, a friend participated in same exchange Spin wheel event and got $90 but I got just $10. Well, I use that one hold body shaa.
Investment / Re: Crypto Currency Investors Thread by CoinMegaTrend: 6:06pm On Apr 21
Klinxmanz:
sir, i saw a trading exchange rate on spot aspect in p2p trade in my bitget trading platform where i met someone who want to trade his 50usd for 16500 naira via bank transfer, i was first amazed because of the current exchange rate compared to that, but sir i withdrew my transaction with the merchant, sir do u think this is a scam?

Do you mean 1650 or 16500?
If it's 1650, you recall that few weeks back, 1usd to naira went as high as that. That could be the time you attempted that transaction. You would have sold. I use Bitget too and I traded around that period too. No be everything be scam shaa. But it was good you withdrew transacting since you didn't know.
Investment / Different Ways To Earn Nervos Network (CKB) Tokens by CoinMegaTrend: 5:53pm On Apr 21
Discover various methods I use to collect CKB tokens.

1. Engage in tasks on CandyBomb for CKB rewards.
2. Participate in CKB savings on Bitget to earn CKB tokens.

Keep reading to find out more about these opportunities.

Project Overview

Nervos Network aims to establish a decentralized, secure blockchain ecosystem that facilitates the creation and utilization of diverse blockchain applications and services. With its user-centric approach, Nervos empowers individuals and developers to securely manage assets across different chains while maintaining control over their data and funds. More information can be found on the project website.

Top Features of Nervos Network

1. Layer-1 Common Knowledge Base for security.
2. Layer-2 Godwoken protocols for transactions.
3. CKB crypto token to prevent congestion and high gas fees.

Trading Data

Market Cap: $879,882,146
FDV: $893,519,642
Trading Volume: $55,050,634
Current Price: $0.01999

Opportunities on Bitget

CandyBomb Event: Participate in this airdrop platform on Bitget to complete tasks and earn CKB tokens. Follow the steps provided to join the event and earn rewards.

Bitget Flexi Savings: Earn interest on your crypto holdings by subscribing to CKB on Bitget's Flexible Savings program. Enjoy a 40% APR by participating in the subscription period.

Buy CKB Directly from Exchange

Trade CKB tokens on Bitget exchange, which recently listed Nervos Network for trading. With the token's strong security features and decentralized nature, CKB has promising potential in the market.

Take advantage of these opportunities to accumulate CKB tokens and benefit from the growth of Nervos Network. Do your own research
Investment / Any Experience With Pre-market Trading For Merlin Chain (MERL) by CoinMegaTrend: 8:23pm On Apr 12
I was familiar with OTC trading in cryptocurrencies, which I believed was primarily for stable coins like USDT or popular coins like Bitcoin and ethereum traded in large volumes. However, I am now realizing that a significant portion of crypto trading volume comes from OTC transactions in countries such as China with restrictions on traditional trading.

Recently, I came across an innovative concept in crypto trading known as Pre-Market trading on an exchange. This new feature caught my attention, especially when I learned about the opportunity to trade Merlin Chain (MERL) before its official listing on the platform.

According to the information I've gathered, this platform enables peer-to-peer trading between buyers and sellers, allowing them to acquire coins at the best possible price.

I am curious if anyone has had experience with OTC trading of cryptocurrencies other than BTC or USDT, or has experimented with Pre-Market trading.

Announcement Source: https://www.coincarp.com/events/merlinchain-new-listing-on-bitget-pre-market/
Investment / Rich Quark Meme Token "Frictionless Revenue Generation.” by CoinMegaTrend: 4:33am On Apr 12
Meme coins are becoming dominant in the crypto market, offering the chance for investors to make significant profits from assets that may lack intrinsic value. Despite this, there are now meme coins with practical uses and promising growth opportunities.

I am curious to hear thoughts on Rich Quark, a hyper-deflationary meme token on the Binance Smart Chain that promises to reward holders with revenue without needing to place bets or wait for fees. It seems that fees are automatically distributed by the smart contract and reflected in the owner's balance, allowing for passive income.

Rich Quark aims to create a platform for investors to make money through various means like investment, development, maintenance, and earnings. Establishing a strong community united by a common goal could potentially lead to success. However, it is crucial to assess the dedication of the Rich Quark team to ensure the project's sustainability.

Given that Rich Quark is listed on major exchanges such as Binance and Bitget, it is worthwhile to investigate how the token functions and if there is a specific platform for holding the token to take advantage of its revenue-generating capabilities.
Gaming / Gaming Projects Worth Considering - Suggestions Needed by CoinMegaTrend: 3:43pm On Apr 09
In 2024, various gaming crypto project have been developed, providing excitement for those who like gaming projects. Tokens linked to games and networks have been some of the most significant launches this year as the overall crypto market recovers and airdrops increase in frequency.

Several gaming tokens, including Portal ans Pixels, have gained popularity this year, ranking based on their peak market value according to CoinGecko. The year is only halfway through, so there may be more notable tokens on the horizon.

MAVIA experienced a substantial price increase in February, surpassing $10, marking a more than 5x improvement from its initial value.

I've noticed a new gaming token Katana Inu (KATA), listed on Bitget, a play-to-earn game set in an open-world Battle Royal environment. It aims to revolutionize the GameFi sector with an NFT marketplace on layer 2 solutions on ETH, enabling artists worldwide to mint their NFTs with no gas fees.

While Kata is generating buzz, it is essential to gather opinions on it and other promising gaming tokens for long-term investment if anyone would like to recommend. Let me have your take, guys!
Investment / Re: Polyhedra Network ZK Launchpool Rewards by CoinMegaTrend: 1:07pm On Mar 23
PalazoGiggy:
Launchpool has always been a good avenue to earn from new crypto projects and i have benefited in participating in several cex launchpool including Bitget, Binance and okx so i would say you should give it a shot because you have absolutely nothing to loss. I also saw the ongoing ZK event on the exchange and i have joined. Good thing about this is that, you can either stake BGB or USDT to participate.

You are correct, I have had positive experience with launchpool in the past. Now, I am aiming to increase my BGB holdings to meet the minimum requirement of 100 BGB for the Launchpool. While the idea of owning a share in 200,000 ZK is enticing, the deadline of March 29th is making me anxious. I may consider staking USDT instead.
Investment / TOAD Meme Coin Blast To Serve The Environment by CoinMegaTrend: 5:58pm On Mar 22
Transactions on the SOL blockchain being much cheaper than on ETH, ARB, and other popular chains is likely the main reason why popular meme coins are exploding on Solana!

I've made small accumulation for quiet a number of these tokens and just riding along the wave. While all these Meme coins follow after internet meme and celebrity trends here and there but I haven't really seen one tied to real human or societal course, until I found TOAD.

I can't say why the name Toad, but these meme coin on the Solana blockchain, is part of the vibrant ecosystem of meme coins gaining traction. It's known as a meme coin committed to environmental sustainability, aiming to bridge meme culture and environmental action.

Although I just discovered it, however TOAD has shown activity with a liquidity of $239K and an FDV and market cap of $6.5M. $TOAD reached an ATH of 0.2121 and retraced to 0.065, forming a good consolidating area currently available on Raydium and Bitget.

I should be bullish on this project because of course this is a Playbux incubated project, a Binance Labs project and has partnered with Gotbit Hedge Fund, well known for its market-making services and investment strategies in the crypto world and also involvement in #MYRO, #SOLAMA, #ANALOS and other successful meme coins projects.

However, I am still trying to figure out how these TOAD Meme coin will actualize promoting environmental sustainability as claimed or do we keep riding with the wave of the profit from these diverse Solana meme tokens?
Investment / Polyhedra Network ZK Launchpool Rewards by CoinMegaTrend: 10:21pm On Mar 19
Unsure of what excites others about Web3's future, I am particularly intrigued by the concept of interoperability, where different blockchains and systems can seamlessly communicate. The potential for interconnected blockchains, Metaverses, and the Internet excites me about technology in general especially in polyhedra Network ZK.

However, not everyone enthusiastic about new blockchain concepts has the funds to invest. This is why I appreciate the concept of launchpools, which allow users to stake their Crypto assets to earn new tokens from emerging projects.

Recently, I came across an Bitget exchange Announcement offering a launchpool where users could stake BGB or USDT to receive a share of $10,000 worth of ZK tokens. While this is intriguing, I am more interested in hearing about others' experiences with crypto launchpools before deciding to participate in this event. Please share your insights.
Business / Re: The End Of Naira, NGN, On Binance by CoinMegaTrend: 1:14pm On Mar 08
harjay1986:


The motive is not to clamp down on crypto, the motive is to stop leveraging on weakness of Naira, I can get my crypto from anybody or any platforms and trade against any crypto I like but not to use it to trade with fiat except you are going into forex trade

I can agree with you. If Binance didn't ignore the manipulation that was going on in their P2P section especially against Naira, it won't have resulted to the issue they are facing now. Other exchanges will have to stand on their ten toes to learn from their mistake. Exchange like Bitget is getting good attention by P2P traders and merchants now. And buyers can have fair price that isn't dragging naira down in any way.

2 Likes 1 Share

Investment / Still Holding WEN ... What's The Next Big Moves? by CoinMegaTrend: 11:34am On Mar 07
The launch of Solana's WEN meme coin caused a stir in the cryptocurrency community, with the airdrop wrapping up in January following the burning of numerous unclaimed tokens, effectively reducing the WEN supply.

After the airdrop concluded, token holders who had either claimed their tokens or acquired them through exchanges started selling their holdings in large quantities, resulting in a notable price decrease following a period of substantial growth.

While the decrease in token supply is generally seen as a positive development for prices due to limiting the available tokens for trading, recent fluctuations in WEN's price suggest that prominent investors may be capitalizing on market unpredictability.

Despite the price swings, various exchanges are expressing interest in listing the WEN token, with platforms like Bitget organizing trade and earn events featuring appealing APY rates. Moreover, there is speculation within the project's community that Binance might consider listing WEN in the near future.

There are also suggestions within the community that the recent price decline could be a deliberate tactic to shake out less resilient investors before a potential price surge. The unfolding of this situation in the upcoming days remains uncertain. What are your opinions on this matter?
Business / Re: How Binance P2P Contributes To The Plummeting Naira Value by CoinMegaTrend: 3:55pm On Mar 06
Farrason:


Pls tell him to stfkup if he has nothing reasonable to say. So na P2P weh just start yesterday cause the naira to fall since 1960. When your FG was devaluing the naira consecutively in different dispensation just to woo investors, you lost your voice abi. Will American do same to woo russian investors or German investors... Anu mpama!!

This last one came in and removed subsidy without checking the board for cause and effects... Government is not Chess baby.

Every decision comes with a consequence, you decide the side it falls on if you make an ignorant one or wise one.

Anyways, continue the blaming, someone said basket mouth, today na Binance P2P, tomorrow they will blame Burna, Wizzy, Tiwa and everyone who gets paid in dollars. They should be paid in Naira instead.

A country's leadership who doesn't want her citizens to be free from slavery will always give reasons to block the citizens way of survival. While there could be manipulation on Binance regarding sell of Naira, but those who sat and made the decision, did they study how P2P work and think of a better modality that could have been used apart from haulting Binance service of NGN P2P.

The good thing is traders and Crypto earners will find solution by using other exchanges like Bitget. One thing I won't advice anyone to do is to try selling on telegram. That's too risky. All sellers and buyers can use those centralized Exchanges that still operate in our country.
Business / Re: Has Central Bank Of Nigeria Declared War On Binance P2P Trading? by CoinMegaTrend: 3:25pm On Mar 06
There's no need for back and forth, we've seen how this is unfolding... Now NGN has been delisted from Binance and we are left to seek alternative in other exchanges whose P2P still accept naira pair. I recently used Bitget for my P2P and it works so well. We shall survive our government and policies.
Investment / Nigerian P2P Traders Navigate The Crypto Landscape After Binance's Crackdown by CoinMegaTrend: 10:13am On Mar 05
The Federal govt of Nigeria, home to the highest P2P volume and largest crypto economy in Africa, has cracked down on Binance, one of the top cryptocurrency trading platforms in the world, in an effort to protect the struggling naira. As a result, Binance has disabled its peer-to-peer (P2P) Naira NGN trading pair function for Nigerian users.

This step by the government has left Nigerian traders without the option to trade on Binance using the popular P2P function, which previously enabled them to buy and sell without third-party interference. Many users are now turning to other top exchanges like Bitget which seems to be gaining more attention now as the platform still offer NGN trading pairs for P2P trading.

My question to Nigerian P2P traders, especially merchants, is: how are you coping with this development? Are you staying loyal to Binance despite the clampdown and customer migration to other exchanges or are you moving your business to other exchanges that accept NGN trading pairs?

And now that there's news of Nigerian Government slamming a $10 billion fine on Binance I hope the presidency will adopt the art of compromise and negotiations in cases like because I've been wondering, Nigeria is a big market for Binance and Nigerians needs Binance. Which party will be most affected? What do you all think about the issue?
Business / Re: The Future Of The Crypto Market In 2024. by CoinMegaTrend: 3:37pm On Mar 04
There are certain token categories that I intentionally consider while stacking my bags with assets for the Bull.

Basically, I look out for AI, Gamefi and L2 modelled tokens.

However, having a platform for listing updates of fundamentally solid assets is a good strategy.

See tokens like $Portal that came with an immense amount of hype unheard of lately in the CryptoSpace.

Gleaning from $TIA's current price action, compare it with those who bought immediately it got listed, it is quite clear how much profit has been made.

The airdrop farming push is helping investors to see users flood Twitter with tweets and campaigns in a bid to be eligible for a slice of the Airdrop.

Business / Re: Binnance Drops Nigerian Naira From P2p Platform,gov't Demand $10B Compensation by CoinMegaTrend: 11:01pm On Mar 02
Celestialsword:
Will they not go after other exchanges still operating in Nigeria

I don't think they would want to go that far. Note that most of them or their sons or relatives are also benefiting from Cryptocurrencies. However, I assume the Nigerian Govt. would want a share of the crypto money. They paid $4 billion fine in the United States. The point is, the presidency must adopt the art of compromise and negotiations in cases like this. Cos that's just how they can benefit from this situation.
Business / Re: Binnance Drops Nigerian Naira From P2p Platform,gov't Demand $10B Compensation by CoinMegaTrend: 11:04am On Mar 02
While all these sudden policy seem to be frustrating Nigerian who have found survival route in cryptocurrency and a market in Binance, I'm sure the fight by the two elephants (FGN and Binance) won't kill the grass (Nigerian) we will survive. There are other emerging crypto exchanges that are better alternative or following after the right footsteps of Binance. Exchange such as Bitget. I've used their P2P option a couple of time and It goes well and fast. It might just be a good time for Nigerian P2P Merchant on Binance to diversify and become merchants on Bitget or other surviving exchange and we continue pushing as a people. I don't want to mention Mexc since I barely use them. Yeah. Nigerians need Binance but Binance too wouldn't want to leave the Nigerian market.

Although I read on gazettengr . com on Friday where Binance claim it was not in any talks with the Nigerian government about potentially paying up to $10 billion in fines, contradicting FGN spokesman’s statement to the BBC hours earlier. Let's just watch things play out. But find alternative and continue your crypto endeavors.

1 Like

(1) (2) (of 2 pages)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 118
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.