Cryptocurrency Tips: November 2023

The cryptocurrency market is rapidly evolving, and at the forefront of this revolution is Hommiestoken, a project that's set to redefine the landscape of blockchain-based utility.

Hommiestoken is on a mission to empower the middle class worldwide with a comprehensive multi-utility dapp system. As the launch date approaches (scheduled for the end of November), it’s worth taking a closer look at what makes Hommiestoken stand out.

Bringing Real-World Benefits to the Blockchain

The cryptocurrency market often seems detached from the real world, but Hommiestoken is determined to change that. By leveraging the Ethereum blockchain, the project plans to provide a suite of practical utilities that will have a genuine impact on users' everyday lives.

The Key Features of Hommiestoken:

Secure Document Storage: In a world where digital privacy is paramount, Hommiestoken offers a secure platform for users to store and manage their important documents and files.
Decentralized Marketplace: A decentralized marketplace enables users to buy and sell goods and services directly, promoting peer-to-peer transactions securely through smart contracts.
Open-Source Knowledge Sharing: An open-source knowledge-sharing platform for creating, sharing, and accessing educational content in the form of tutorials, articles, videos, and more.
Microloan System: Hommiestoken introduces an innovative microloan system that simplifies borrowing and lending by automating the process using smart contracts.
Reward System for Holders: A token holder reward system designed to incentivize users by distributing a portion of transaction fees, aligning the success of the platform with the benefit of the community.
Integration with ERC-20 Tokens: The dapp system is designed to seamlessly integrate with other ERC-20 tokens, offering an opportunity for tokens without specific use cases to gain utility within the Hommiestoken ecosystem.

With such a robust feature set, Hommiestoken promises to become a platform that genuinely provides value to its users.

The Hommiestoken project has also secured a tier-one listing, ensuring it reaches a broad audience of potential supporters. Further announcements are expected soon, setting the stage for an exciting future.

Join the Hommiestoken Community

Those interested in being part of this revolutionary project can follow Hommiestoken on Twitter and join Hommiestoken's Telegram for the latest updates and announcements.

The Hommiestoken team is excited about the launch and looks forward to helping the middle class worldwide embrace the benefits of blockchain technology.

About Hommiestoken

Hommiestoken is a pioneering blockchain-based cryptocurrency project dedicated to solving real-world challenges for the global middle class. By leveraging the Ethereum blockchain, Hommiestoken provides a suite of practical utilities designed to empower individuals and offer real-world solutions.

Website: www.hommiestoken.com

Contact

Hommiestoken Teamhommiestokencontact@hommiestoken.com

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

* This article was originally published here

Saturday, November 4, 2023

Crypto Aid Israel Passes $185K in Donations as 30+ Web3 Companies Join The Emergency Relief Initiative

Crypto Aid Israel, a collective of local leaders in the crypto space, is pleased to report substantial progress in our mission to support Israelis affected by the ongoing wave of Hamas terrorism. The community-backed initiative has raised over $185,000 USD (approximately 700,000 NIS), representing a testament to the solidarity and collective power of the Web3 and crypto community.

Over 30 companies have rallied to support the cause, with notable participation from accounting giant KPMG which is providing assistance with fundraising and distributions. Other major companies contributing to the campaign via awareness or financial contributions include crypto wallet provider Zengo, Fuse, Wonderland, Psagot Equity and many more.

Crypto Aid Israel is also proud to announce two completed rounds of aid distribution to several organizations at the forefront of the relief efforts. These contributions, totalling 200,000 NIS, are intended to make a tangible impact on the lives of those in need.

The NGOs who have already received funding from Crypto Aid Israel include:

Foundation for Advancing Citizens of Eshkol Regional Council

This organization supports the well-being and resilience of Israel's southern communities, particularly in times of conflict, by providing essential services and products.

Funding went to supporting the transportation and shelter needs of citizens who, despite residing in areas close to Gaza, are not officially recognized as such by the Israeli government. This assistance enables impacted individuals to seek safety and refuge.

Zaka

This is an Israeli volunteer-based NGO specializing in search and rescue, disaster response, and emergency medical services, often working in the aftermath of major incidents and emergencies.Funding went to securing critical medical equipment and ceramic vests for Zaka’s volunteers who are operating on the front lines.

Lev Echad by Or Hanegev veHagalil

An NGO committed to supporting at-risk youth and promoting social inclusion in Israel through various educational and empowerment programs.

Funding went to providing essential provisions, notably food, hygiene products, and clothing to individuals who have chosen to remain in regions that are adjacent to Gaza to protect and support the municipalities and Kibbutzim.

Latet

Latet is an Israeli non-profit organization dedicated to combating poverty and providing humanitarian aid to disadvantaged communities, with a focus on food security and social assistance.

Funding went to launch a large-scale operation in the south, providing food and hygiene boxes to citizens in urgent need with limited access to food and resources - those still in the south and those who have been evacuated to other locations, families in need, elderly people, Holocaust survivors and reservists operating in the field.

“We believe that while modest initially, the crypto channel is an important, speedy and innovative one and will enable new contributors to join our global ecosystem and support Israel in such an important hour,“ added Crypto and New Digital Initiatives advisor to Latet’s board, Eyal Gura.

“Once we realized the scale of the disaster and have realized it’s Israel’s most challenging times, Latet started to work in an emergency mode. As we did in the past, in over 25 national disasters globally and locally, we allocated the entire organization infrastructure to enable immediate aid to the families in need and will continue to execute as long as it will take.”

Regrettably, Crypto Aid Israel has been the subject of serious phishing attacks, underscoring the ongoing need for heightened vigilance during these challenging circumstances. This concerning development was addressed in a recent Ynet News report. Additionally, a brief disruption in our website's service occurred, lasting less than 30 minutes. This interruption was promptly addressed by our hosting provider, driven by concerns about potential fraudulent activities masquerading as Crypto Aid Israel—an affirmation of our unwavering dedication to transparency and legitimacy.Tim Freed, a senior leader within Crypto Aid Israel commented:

“We are deeply humbled by the outpouring of support from the global crypto community. Together, we have made significant strides in our mission to assist those affected by the recent wave of Hamas terrorism. The completion of two rounds of aid distribution shows how crypto can be used as a force of good in the world. Our commitment to transparency and legitimacy remains unwavering, and we are determined to continue our efforts in providing aid and relief to those in need.”

Crypto Aid Israel expresses its gratitude to the global crypto community for its unwavering support.

About Crypto Aid Israel

Crypto Aid Israel is an emergency humanitarian initiative led by influential leaders within the Israeli Web3 community. Comprising organizations such as 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, BlockchainB7, Efficient Frontier, Ironblocks, Israel Blockchain Association, Bits Of Gold and KPMG. This global fundraising campaign aims to offer support to Israeli citizens and families in urgent need of humanitarian assistance.

Visit and donate at: https://cryptoaidisrael.com/

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

* This article was originally published here

Friday, November 3, 2023

Amex Business GOLD Just Got a MAJOR Upgrade | Time To Act Now!?

* This article was originally published here

Thursday, November 2, 2023

The Best Path to Web3 Mass Adoption Is Where Blockchain Is Critical, But Invisible

With any new technology, there is a familiar pattern of adoption for those innovations that eventually become part of daily life. This pattern is called Roger’s Innovation Adoption Curve. The premise is that a new technology, even the most exciting, mass adoption does not happen right away. Instead, there are a series of adoption steps that take place from different groups of people. The Innovators, making up just 2.5% of people, are those helping to develop and expand the early technology. They see the big picture and have the technical knowledge to either make it a reality or find new use cases. The next group is the Early Adopters, which is 13.5%. These people are typically technically capable as well; they can also see the big picture and are not afraid to put in the time, effort, and troubleshooting to explore early use cases. Many of these people become thought leaders, bridging the gap between the current buggy (or at least imperfect) design and what it will evolve into. In the world of Web3, this is where we are. The many different platforms available have evolved dramatically in just a few years, becoming easier to use; the value of Web3 is becoming understood by more and more people thanks to thought leaders and a wider array of use cases. However, for many platforms there is still a minimum technical requirement for users. They have to create and connect wallets, they sometimes have to refer to the whitepaper or Docs, and they have to overcome the biggest adoption barrier of all: they sometimes have to troubleshoot.

Getting to Mass Adoption

To get to what we call “mass adoption”, this technical ability threshold needs to drop to nearly zero. The next two adoption groups are called the Early Majority and Late Majority, each representing a whopping 34% of the population who will eventually use the new technology. The Laggards round out the last 16% but we typically don’t focus much there—picture your weird uncle who still boasts a flip phone (not the new kind). When a technology breaks into the majority groups, this is when “mass adoption” begins. Web3 feels closer and closer by the day, but the technology also carries with it the baggage of the last 3-5 years. For those not involved in Web3, they may associate it solely with Bitcoin mining, the person who lost all their money crypto trading (with zero understanding of the system), or pixelated animal NFTs.

To break through the barriers, Web3 as an industry must accomplish several key goals to convince the majority that the technology is not only beneficial, but inevitable. First, to get past the Web3 bias, it must act as a transparent layer for users. Second, Web3 must bring critical value to the platform. Finally, the Web3 component should offer a unique solution that is impossible using Web2 or other solutions; and the solution should be for something that is a real problem for many different people. Crypto trading is useful, but has a notoriously high learning curve. Digital art NFTs were interesting, but didn’t solve a real societal problem. And some Web3 platforms do offer a solution to a widespread problem, but there are Web2 solutions that can also solve it. Let’s dive in deeper to each of these conditions, identifying how to meet them and to find a key use case, online event ticketing, that can only be solved with key Web3 attributes.

Web3 Must Be Transparent and Critical

This attribute has been evolving on numerous Web3 fronts. There are more platforms that are working hard to keep Web3 terms in the background to avoid customer confusion. Perhaps the most successful use of transparency is using mental models and terms that non-technical customers are already familiar with. For example, instead of asking a user to connect their Web3 wallet, which would create many different questions and result in quitting, a platform might assume that many customers don’t have pre-existing wallets as they’ve never interacted with Web3. Instead, a platform might ask a user to “create an account”, of which part of the process is to automatically create the wallet for the user, tie it to their account, and use the wallet for that platform. In many ways, this is no different than an account you might have for a retail website where your payment information is stored (hopefully securely).

In terms of using tokens, there are several best practices being used. A platform might allow a user to use straight fiat with the tokens as an option, or use fiat to convert into usable tokens. This model has been used in video game arcades for decades, and can be explained as such. For token rewards, although they might be a digital financial asset, they can act the way any “point system” might work on a Web2 site. You earn points (tokens) for doing certain things, and you can then redeem them for various rewards. This concept is familiar to those of any age, so long as you don’t try to explain what an ERC-20 standard is.

For criticality, a Web3 platform must integrate the Web3 features into the core of its value proposition. It can’t simply be a bonus rewards system. It needs to leverage those elements of Web3 that can’t be used elsewhere. Transparency. Security. Immutability. The ability to verify something on chain, anywhere in the world. These are essentially superpowers if used right. Further, they must tackle those issues that simply can’t be solved by Web2. If a trustless environment is critical because strangers are working together, a smart contract can be the perfect arbiter. If you need to verify critical information that with a Web2 solution could be faked, Web3 is there for you. If you require a form of currency that needs to smoothly cross borders across the world, token usage is a low fee, high efficiency solution.

Web3 Must Create A Unique Solution to A Widespread Problem

As a key example of these elements coming together, we can look at the UTIX use case. UTIX is an online e-ticketing platform that was built to solve widespread, universal problems among both event organizers (EOs) and fans. Ticketmaster has reigned with a monopolistic, iron fist over the ticketing market for decades, which has made nearly everyone frustrated with the current state of the industry. Instead of having users link to its Github, UTIX has followed the pattern described above. It uses an Android/IOS app for both groups (EOs and customers) where the account creation is also a wallet creation for the UTIX Loyalty Token. This token has a number of purposes, but from a user’s perspective it offers discounts, rewards, and exclusive opportunities like special tickets/events. To ensure the process is seamless from a Web3 perspective, the platform has gained approval for the token certified as a Malta Financial Services Authority (MFSA) approved IVFAO. The token is an ERC-20 standard virtual financial asset, which for the Web3 community will soon be listed on the Bitmart Exchange. Even if the UTIX customers are unaware initially, this creates even more opportunities for the tokens they hold.

The platform integrates key Web3 foundational aspects into its solution. Two big problems with online ticketing are price gouging and fake tickets. By making each ticket an NFT that the EO customizes (price range, when it’s available, whether or not it can be resold and for how much), UTIX has simply removed the ability for secondary market price gouging, unless the EO wants that to happen (and if they want the bad press to go along with it). For fake tickets, a user about to buy a ticket can simply take the QR code and verify its authenticity on-chain, transparently through the app, and all before they decide to purchase. If ever there was a problem custom made for Web3, this is it.

We will continue to look for these pioneering use cases that target the early and late majority of Web3 adopters. By making Web3 elements invisible but critical, and by solving those major problems currently impossible using Web2, adoption just might snowball into an avalanche of enthusiasts.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

* This article was originally published here

Wednesday, November 1, 2023

Which Exchanges Are SAFE & Which Are The NEXT FTX?!

* This article was originally published here