Author: dfmines

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NFT and DeFi enthusiasts worldwide may be wondering why Tomi Heroes have been popping off on OpenSea in recent days. These non-fungible tokens grant access to Tomi’s token presale soon, so the limited-edition sets are in high demand. With 395 Ether (or roughly $1.37m) in traded volume, it is evident that this is the project to keep an eye on over the coming days. Massive TOMI Presale ROI Potential As Tomi Heroes generate more proceeds, the team will use these funds to purchase and burn TOMI tokens during the TOMI sale on SushiSwap. It is a no-brainer for any TOMI presale participant, as given the contribution by the TOMI team from the NFT sale, the return on investment potential is borderline astronomical. As more FOMO kicks in among investors who seek exposure to the TOMI presale rounds, the remaining NFTs will generate even more attention and return for the presale. It is essential to see this project for what it embodies. It is not just an NFT collectible, although these items will likely remain very popular on the secondary market after the token sale concludes. Instead, it is a tool to facilitate token presale participation and incentivize holding the NFT rather than flipping it for a quick profit like so many other projects. Moreover, using the proceeds to make the TOMI token even more scarce is a gamechanger in the crypto industry. Since the project focuses on giving back to the stakeholders with no profits for the developers, other NFT projects can learn a thing or two from how Tomi approaches this novel technology and perhaps this will set a precedent for ethical and inventive demand-driven tokenomics. Investing in Tomi Heroes is a smart idea if you are interested in partaking in the TOMI presale rounds. It is essential to gain access to one of these five presale rounds, as they are available for only 30 minutes each. The current rate of ETH trading volume is sufficient to make investors 10x on their TOMI investment even if no one else would participate in the token sale and it remains at a $75,000 market cap. The TOMI launch will happen on the Polygon network via the SushiSwap platform to avoid transaction delays and high gas fees. The token presale rounds will take place on September 21, 2021, with each of the five presale rounds lasting 30 minutes each. A Dive Into The Tomi Technology To grasp the potential of TOMI, it is essential to look at what the ecosystem will provide to its users. Powering scalable projects through blockchain technology and introducing DEX swapping are two of its core solutions. The focus on decentralized finance can change the lives of millions of people by democratizing access to alternative financial services and products. Aligning this vision with PancakeSwap’s success and long-term plan can create a sustainable and attractive outlook for cryptocurrency and blockchain over the coming years. TOMISwap will serve as the next-generation decentralized trading platform built by the Tomi team. It will run on the Ethereum blockchain and facilitate the swapping of multiple tokens without forcing users to spend an arm and a leg on transaction fees. Offering sustainable, efficient, cheap, and fast solutions for transactions at a high throughput helps conserve energy and offers scalability that will benefit all participants. The transaction fee per swap is capped at 0.3% of the amount, thanks to the use of decentralized liquidity providers. Of those fees: Liquidity providers will earn 6% of transaction fees from TOMISwap and the Sushiswap smart contract’s activity, Governance token stakers will receive 6% of the transaction fee. TOMISwap user giveaways will be allocated 3% of the transaction fee. The remaining 3% goes to TOMIFundMe. Through TOMIFundMe, every person on the planet can set up a profile to share project ideas and business plans. Rather than stopping there, TOMIFundMe will help business ideas grow and evolve if they can change the world for the better. All TOMI holders can vote on projects to receive a grant. Those grants are paid out using the 8.3% of all TOMISwap fees collected for this purpose. It is a front-row seat to future development in the decentralized industry, unlike anything that has been seen before. The team’s strong focus on wealth distribution and making a positive societal impact brink value to the TOMI token and those who hold it in their portfolio. However, there are multiple benefits to holding that token. TOMI Utility In A Nutshell The TOMI token serves multiple purposes in the Tomi ecosystem, as it is the native currency. Ranging from community governance to liquidity provision and cheap transactions, there are multiple reasons to like the concept of TOMI. Governance token stakers receive passive income from TOMISWAP and can vote on the new era of blockchain development. Traders can benefit from cheap transaction fees and liquidity rewards through swapping DEX. With an initial supply of 1.5 billion – capturing the initial needs of the project – the team opts for using half of the coins to provide liquidity through Sushiswap. Another 250 million tokens will fund development of the project, and require TOMI governance token holder approval before spending. The remaining 500 million – to be unlocked over three years – is used for the Community pool. There are no free tokens for the founders or anyone else to ensure a fair distribution and release. After the TOMI sale concludes, the team will launch TomiSwap and TOMI staking in October 2021. TomIFundMe will be released in Q1 2022, somewhere near February. The Tomi blockchain – marking the migration away from Ethereum – goes live in Q3 2022 and will support ERC-20 tokens. Closing Thoughts The ongoing interest in the Tomi NFTs confirms investors are on board with the team’s vision of creating wealth for everyone through fairness and transparency. Moreover, the team’s choice to use all proceeds to buy back TOMI tokens and reduce the supply from day one – without any developer receiving a free allocation of tokens – confirms their commitment to a long-term business plan capable of changing DeFi for good. A confident team with a solid business plan and a forward-thinking approach can make many ideas become reality. As cryptocurrency becomes a more mainstream concept, now is the time to build wealth and share it with everyone else. All aspects of Tomi fulfill that outlook and provide value and incentive for TOMI holders.   Given the sheer interest in these NFTs, it seems likely investors can look forward to substantial returns on their investment, so pick up a Tomi Heroes NFT while supplies last!

Do you guys think the price will go down before going up at the end of the year or should I buy now? submitted by /u/CilioM [link] [comments]

Diversify in other markets as well, don’t put all your money on crypto. As bullish as I am on Crypto, I have not invested more than what I can afford to lose, which is what all of you should be doing too! Stocks, Bonds, Real Estate, Physical Assets are just some ways to diversify. I…
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U.S. Senator Margaret Hassan has requested that government agencies take “additional targeted steps to prevent and prosecute the use of cryptocurrency for criminal purposes.” She expressed her concern over “the rise in the use of cryptocurrency for criminal purposes.” US Senator Requests Agencies Take Steps to Prevent and Prosecute Use of Crypto for Criminal Purposes […]

Cardano has had one of the best performances in the crypto market during 2021. The cryptocurrency scored major milestones and climbed its way up the ladder of the crypto top 10 by market cap. Currently sitting at the third position, after surpassing DOGE, XRP, BNB, Cardano (ADA) trades at $2,37 with a 2.1% loss in the daily chart. In the weekly chart, the third crypto by market cap records a 5.8% loss. Analyst Justin Bennet has been closely following ADA’s price action. The cryptocurrency has seen a lot of movement during September with a significant pullback on the 7th, followed by a relatively quick recovery into the high area of its current levels. At that moment, ADA stood at around $2.70 with support at $2.60, $2.47, and $2.30. As Cardano continues its downtrend, the final obstacle for the bears stands at the latter support mark. Related Reading | Cardano Sees Over 40,000 Smart Contracts Deployed 4 Days After Alonzo HFC, How This Affects The Price Bennet claims that if this line of defense is lost, ADA could rapidly drop to $2. The cryptocurrency recently saw the “intersection of ascending channel support and a horizontal level” since it started its recovery after the crash on the 7th. The analyst said: I still think there’s a good chance we see ADA trade to $2 this month. However, as I’ve said for the last week, it’s going to take a daily close below $2.30 to confirm the breakdown. Alternatively, if the bulls retake higher levels, ADA could resume its upward trend. However, Cardano has been moving below a trend line formed in the past days, as indicated by the chart below, and seems likely that it could increase its downside risk during the weekend. What Bitcoin Could Signal For Cardano (ADA) In The Short Term In the crypto market, most of the assets increased their correlation with Bitcoin as big moves to the upside or downside occur. Cardano could benefit from this phenomenon, as ADA sits at a critical point, or it could see itself returned to the $1 levels. Related Reading | Cardano Successfully Deploys Alonzo HFC, But Why Is Price Down? The next days could be crucial for the entire crypto market, as Bitcoin’s price action could determine if the bulls or bears are in control. Bennet said: A weekly close back inside that range wouldn’t be good, but a lack of macro higher highs is enough. If we’re in a bull market, we should see Bitcoin take out $53k, $65k, etc. Simple as that. Conversely, there is one scenario where Bitcoin could see more gains as altcoins like Cardano (ADA) bleed. There has been growing rumors about the possible approval of a BTC ETF, this could give Bitcoin a fresh inflow of capital flow, as analyst Pentoshi said: I do think we will see more capital inflow into Bitcoin especially as ETF talks heat up over the next month. It doesn’t mean there won’t be outliers and opportunities in alts. of course, there will be. But the word itself “Alt season” implies seasonality which means something that isn’t year round. In that sense, the analyst recommended investors keep track of the Bitcoin dominance for risk management. Q4, 2021, approaches and investors seem to feel more uncertain about the direction of the crypto market. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course

The exchange was previously known as BTC-e, though its name was changed to WEX following legal difficulties in 2017.

Every bit of extra savings I can get I try to put into crypto. So much so I stopped eating out and started shopping at LIDL and ALDI. I am an African American male who is overweight, has high cholesterol and pushing into high blood pressure with a kid on the way. I usually like…
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