We are thrilled to announce another significant milestone for BeOneChain - the launch of our RPC Network BeOne Chain MainNet. This exciting development brings us closer to achieving our vision of a fully integrated and unified blockchain platform. In this blog post, we will outline the details of our new RPC Network and give a sneak peek into our upcoming plans for the next phase, including the launch of our SUI to BeOne bridge.
BeOne Chain MainNet: A Global RPC Network
Our newly launched BeOne Chain MainNet brings a powerful and reliable RPC Network that spans three continents, ensuring a seamless and efficient experience for our users worldwide. Our global RPC Network includes the following:
ā Network: Be One Network ā URL: https://dataseed2.beonechain.comā Chain ID: 818 ā Symbol: BOC
š„RPC Server US (America):
ā Network: Be One Network ā URL: https://dataseed-us1.beonechain.comā Chain ID: 818 ā Symbol: BOC
ā Network: Be One Network ā URL: https://dataseed-us2.beonechain.comā Chain ID: 818 ā Symbol: BOC
š„ RPC Server Europe:
ā Network: Be One Network ā URL: https://dataseed-uk1.beonechain.comā Chain ID: 818 ā Symbol: BOC
ā Network: Be One Network ā URL: https://dataseed-uk2.beonechain.comā Chain ID: 818 ā Symbol: BOC
The Next Phase: Launching the SUI to BeOne Bridge
As we continue to advance our platform and expand our capabilities, the next phase of our roadmap includes launching a cross-chain bridge between SUI and BeOne. This bridge will further enhance the interoperability of our platform, enabling users to seamlessly transfer assets between the two networks, unlocking new opportunities and driving innovation in the blockchain space.
In Conclusion
The launch of our RPC Network BeOne Chain MainNet, marks a significant achievement for BeOneChain, bringing us closer to our goal of creating a fully integrated and unified blockchain platform. As we continue to develop and refine our forum, we are committed to delivering the most advanced and user-friendly experience for our global community. Please stay tuned for more updates as we move on our exciting journey toward the full MainNet launch and beyond.
The rapid growth of the blockchain and cryptocurrency industry has given rise to numerous platforms, each with unique features and capabilities. However, navigating this complex landscape can be challenging for new and experienced users. BeOneChain has emerged as a game-changer, offering a comprehensive platform that integrates various blockchain ecosystems into one unified solution. This blog will explore how BeOneChain is revolutionizing the crypto landscape with its groundbreaking approach.
One Platform, Multiple Blockchain Ecosystems
BeOneChain stands out from the competition by providing a single platform where users can quickly access multiple blockchain ecosystems. By bridging the gap between various networks, BeOneChain enables seamless chain transactions and interactions. This revolutionary integration fosters greater collaboration and innovation within the blockchain community, making accessing multiple digital assets and services easier for users.
Cross-Chain Technology and Interoperability
At the core of BeOneChain's success is its commitment to cross-chain technology and interoperability. By leveraging advanced protocols and cutting-edge technology, BeOneChain facilitates seamless communication between multiple blockchain networks, allowing users to access diverse digital assets and services without needing multiple wallets or platforms. This innovative approach enables a more streamlined and efficient user experience, significantly reducing the complexity and barriers to entry typically associated with blockchain technology.
A One-Stop Solution for the Blockchain Community
BeOneChain's integrated platform offers a comprehensive range of services catering to the diverse needs of the blockchain community. From decentralized finance (DeFi) solutions and non-fungible tokens (NFTs) to smart contracts and decentralized applications (dApps), BeOneChain's one-stop solution simplifies the user experience while providing a versatile and feature-rich environment. This inclusive approach empowers users to fully harness the potential of blockchain technology within a single, user-friendly platform.
In Conclusion
BeOneChain is rapidly gaining recognition as a pioneer in the blockchain space, offering an innovative and unified solution that brings multiple ecosystems together under one platform. By embracing cross-chain technology and interoperability, BeOneChain is breaking down barriers and fostering greater collaboration within the blockchain community. As the industry continues to evolve and expand, BeOneChain is poised to play a leading role in shaping the future of the crypto landscape.
Understanding the Banking System vs. Bitcoin: A Comprehensive Comparison
Introduction
The world of finance has seen rapid advancements with the emergence of digital currencies like Bitcoin. While traditional banking systems have long dominated the financial landscape, cryptocurrencies have gained significant traction in recent years. This article will investigate the differences between the conventional banking system and Bitcoin. It will explore their core characteristics, advantages, and disadvantages to help you better understand these two financial systems.
Section 1: The Traditional Banking System
1.1 Centralized Authority Traditional banks operate under a centralized system, with regulatory bodies such as central banks and governments overseeing and controlling the financial framework. This centralized authority enables more straightforward management of monetary policies, interest rates, and banking regulations.
1.2 Security and Insurance Banks are subject to strict security measures and regulations, ensuring the safety of customer funds. In most cases, governments provide deposit insurance schemes that protect customer deposits up to a specific limit.
1.3 Fractional Reserve Banking Banks employ a fractional reserve system, allowing them to lend out more money than they hold in deposits. This system stimulates economic growth by facilitating lending and investment but also creates the risk of bank runs and financial instability.
Section 2: Bitcoin and Decentralized Finance
2.1 Decentralization Bitcoin operates on a decentralized, peer-to-peer network, eliminating the need for intermediaries such as banks or financial institutions. Transactions are verified by a network of miners, who are rewarded with newly minted bitcoins for their efforts.
2.2 Transparency and Immutability Bitcoin's underlying technology, the blockchain, is an open ledger that records all transactions. This transparency ensures that every transaction can be traced and verified, making it nearly impossible to counterfeit or double-spend bitcoins.
2.3 Limited Supply Unlike fiat currencies, which central banks can print, Bitcoin has a capped supply of 21 million coins. This scarcity is designed to mimic the finite nature of precious metals, protecting the digital currency from inflation.
Section 3: Pros and Cons
3.1 Advantages of the Banking System
Centralized authority enables easier regulation and oversight.
Deposit insurance provides security for customers' funds.
Access to various financial services, such as loans and investments.
3.2 Disadvantages of the Banking System
Vulnerability to bank runs and financial crises.
Centralized control can lead to abuse of power or corruption.
Banks often charge fees for services and international transactions.
3.3 Advantages of Bitcoin
Decentralization promotes financial autonomy and freedom.
Transparency and immutability protect against fraud and counterfeiting.
Lower transaction fees and faster international payments.
3.4 Disadvantages of Bitcoin
Price volatility and uncertain regulatory landscape.
Limited acceptance as a means of payment.
Environmental concerns due to energy-intensive mining processes.
Conclusion
The traditional banking system and Bitcoin have unique advantages and disadvantages, catering to different financial needs and preferences. Understanding the critical differences between these systems becomes crucial as we move towards a more digitized world. Individuals and businesses can make more informed decisions when navigating the ever-evolving financial landscape by considering factors such as centralization, security, and transparency.
One Year of Empowering Investors: Celebrating Salmonation's Anniversary
As the CEO of Salmonation, I am proud to announce that we are celebrating our first anniversary in the crypto industry. It has been an incredible journey so far, and I am grateful to our users who have supported us and trusted our platform over the past year.
When we first launched Salmonation, we aimed to provide a user-friendly, secure, and reliable platform for buying and selling cryptocurrencies. In just one year, I am proud to say that we have achieved that goal and much more.
The past year has been a time of growth and change in the crypto industry, and Salmonation has been at the forefront of these developments. From the rise of decentralized finance (DeFi) to the continued growth of Bitcoin and other cryptocurrencies, we have adapted to the changing landscape and remained dedicated to providing our users with the best possible experience.
One thing that sets Salmonation apart from other crypto platforms is our commitment to security. With the increasing number of hacks and scams in the crypto world, keeping your assets safe is more important than ever. We have implemented cutting-edge security measures, including two-factor authentication and secure wallet storage, to protect our users' funds.
Another critical aspect of Salmonation's success is our user-friendly interface. We designed the platform with the beginner investor in mind, making it easy for anyone to buy, sell, and store their crypto assets. Whether you're a seasoned pro or just starting, our intuitive design and helpful guides will help you quickly navigate the crypto world.
Whether you're looking to invest in Bitcoin, Ethereum, or one of the many up-and-coming altcoins, Salmonation has you covered. In addition to security and user-friendliness, we have also been recognized for our impressive range of cryptocurrencies available for purchase. With a constantly expanding list of available coins, you're sure to find the perfect investment opportunity on our platform.
As the crypto industry evolves, I am excited to see what the future holds. At Salmonation, we are dedicated to leading the way and helping our users take advantage of the latest developments.
In conclusion, we thank our users for their support and trust in our platform. Here's to many more years of success in the crypto industry! We are proud of what we have achieved in just one year, and we look forward to continuing to grow and innovate in the years to come.
Preparing for the Crypto Bull Run: A Comprehensive Guide for Success
Introduction:
Cryptocurrencies are no stranger to extreme volatility, with bull and bear markets taking turns shaping the landscape. As we approach a potential bull run, savvy investors and traders must be prepared to seize the opportunities and manage risks effectively. This blog post will explore essential strategies and tips for navigating the upcoming bull market in the crypto space.
Stay Informed and Up-to-Date:
In the fast-paced world of cryptocurrencies, staying informed is crucial. Follow reputable news sources, join crypto-focused forums, and monitor social media for the latest developments. Make a habit of reading analysis from industry experts and stay in tune with regulatory changes that may impact the market.
Diversify Your Portfolio:
While it's tempting to go all-in on a specific coin during a bull market, diversification is vital. Spreading your investments across digital assets will help mitigate risks and maximize potential gains. Consider diversifying across categories such as large-cap, mid-cap, and small-cap tokens or investing in sectors like DeFi, NFTs, or Layer-1 protocols.
Establish a Solid Entry and Exit Strategy:
Formulate a clear plan for entering and exiting positions. Set reasonable targets for profits and losses, and stick to them. This discipline helps to prevent emotional decision-making and ensures you lock in gains while minimizing losses during the inevitable market corrections.
Utilize Dollar-Cost Averaging:
Dollar-cost averaging (DCA) is a strategy that involves investing a fixed amount of money in a particular asset at regular intervals, regardless of its price. This approach helps to mitigate the impact of market volatility and spreads the investment risk over time.
Keep an Eye on Stablecoins and Staking:
During bull markets, it's essential to be mindful of the potential benefits of stablecoins and staking. Stablecoins can provide a temporary haven during market corrections, while staking can generate passive income through interest or yield farming, further maximizing your potential profits.
Manage Your Risks:
While the bull market brings exciting opportunities, managing risks effectively is crucial. This includes using stop-loss orders, limiting leveraged trading, and investing only what you can afford to lose. Remember that the crypto market is inherently volatile, and fortunes can change quickly.
Track Your Portfolio and Tax Implications:
Please keep a detailed record of your transactions to monitor your portfolio's performance and ensure you comply with tax regulations. Many jurisdictions treat cryptocurrencies as taxable assets, and accurate record-keeping will help you avoid potential legal and financial issues.
Conclusion:
As the crypto bull run approaches, it's essential to be prepared with a well-thought-out strategy and a diversified portfolio. Stay informed, manage your risks, and capitalize on opportunities. Remember that the key to success in the volatile world of cryptocurrencies lies in thorough research, discipline, and patience. By following these tips, you'll be well on your way to making the most of the upcoming bull market.
The Power of Pairing: Why Token Pairing is Crucial for Price Growth
Introduction
In the dynamic world of cryptocurrencies, token pairing plays a significant role in driving price growth and increasing a project's market exposure. This blog explores the importance of token pairing in cryptocurrency exchanges and how it contributes to a digital asset's overall success and adoption.
Understanding Token Pairing
Token pairing refers to listing a cryptocurrency or token alongside another digital asset on a cryptocurrency exchange. The paired assets form a trading pair, enabling users to trade one asset in the other direction. Popular cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) are used as base pairs due to their widespread acceptance and liquidity. By pairing a token with a well-established digital asset, the token can benefit from increased visibility, trading volume, and price growth.
Critical Benefits of Token Pairing
Increased Liquidity: Pairing a token with a popular and widely traded digital asset can help increase its liquidity. Higher liquidity translates to reduced price volatility and improved price discovery, making it more attractive for traders and investors.
Enhanced Market Exposure: When a token is paired with a well-known digital asset, it gains exposure to a broader audience of traders and investors who may have yet to be aware of the project. This increased visibility can lead to more significant adoption and demand, positively impacting the token's price.
Diversified Trading Options: Offering multiple trading pairs for a token allows users to trade it against other digital assets. This diversification can attract a broader range of traders with different investment preferences, ultimately contributing to the token's price growth.
Reduced Dependency on a Single Asset: By pairing a token with multiple digital assets, the project reduces its reliance on the performance of a single cryptocurrency. This can help mitigate risks associated with market volatility and fluctuations in the value of the base pair.
Easier Access to Fiat Currency: Some tokens are paired directly with fiat currencies like USD, EUR, or GBP, simplifying converting the token to fiat for traders and investors. This convenience can encourage more users to trade the token, contributing to its price growth.
Conclusion
Token pairing is critical to a digital asset's success and adoption in cryptocurrency. By strategically pairing a token with well-established digital assets, projects can increase liquidity, enhance market exposure, diversify trading options, and reduce dependency on a single asset. As a result, token pairing can significantly contribute to a token's price growth, attracting traders and investors who view the token as a promising addition to their portfolios.
A New Era of Trust: Salmonation Earns SAFU Certificate from Cognitos
Introduction
In the ever-changing landscape of cryptocurrencies and blockchain technology, the security and safety of smart contracts are paramount. Salmonation, a pioneering blockchain project in Indonesia, has recently reached a significant milestone by acquiring a SAFU Certificate from the independent, smart contract audit firm, Cognitos. This accomplishment highlights Salmonation's dedication to offering a secure and reliable platform for its users and the broader crypto community.
A Focus on Security for Salmonation
At the heart of the Salmonation project is strongly emphasizing security and protecting its users' assets. By obtaining the SAFU (Secure Asset Fund for Users) Certificate from Cognitos, Salmonation showcases its unwavering commitment to upholding the highest security standards within its ecosystem. The prestigious SAFU Certificate is granted to projects that have successfully undergone comprehensive smart contract audits and proven their security and reliability.
Cognitos: A Trusted Partner in Smart Contract Audits
Cognitos, a reputable independent, smart contract audit firm, plays a critical role in guaranteeing the safety and security of blockchain projects. Boasting a team of skilled auditors and developers, Cognitos conducts exhaustive audits of smart contracts, pinpointing potential vulnerabilities and suggesting improvements. By subjecting themselves to a Cognitos audit, projects like Salmonation can assure their users that their platform is built upon a solid foundation of security and trust.
The Value of the SAFU Certificate
Earning the SAFU Certificate validates a project's dedication to security and trustworthiness. For users and prospective investors, this certification offers confidence that the project has taken all necessary measures to ensure the safety of its assets. Consequently, the SAFU Certificate can significantly bolster a project's credibility and stand within the crypto community.
Conclusion
Securing the SAFU Certificate from Cognitos is a testament to Salmonation's focus on security and its commitment to delivering a dependable platform for its users. As the crypto space continues to expand and evolve, it is vital for projects like Salmonation to prioritize security and guarantee that their platforms stand on a robust foundation of trust. With the SAFU Certificate in their possession, Salmonation can confidently progress, knowing they have taken the required steps to protect their users and assets.
To learn more about Salmonation and its dedication to security, visit its official website at BeOneChain.com.
Join the conversation and stay updated with the latest developments in Salmonation and BeOne Network by following their social channels and using the hashtags #Salmonation, #Decentralization, #Trust, #Blockchain, and #Crypto.
Salmonation Leaps into Full Decentralization: Boosting Trust and Building the Future of BeOne
Trust and decentralization have become paramount in the rapidly evolving world of cryptocurrencies and blockchain technology. With a commitment to these core values, Salmonation has recently taken a significant step by renouncing developer supply and smart contract ownership. As a critical component of the BeOne Network, this move cements Salmonation's dedication to transparency and builds the foundation for a thriving decentralized ecosystem.
Salmonation's journey toward complete decentralization began with the burn and renunciation of the developer supply. By eliminating any centralized control over the token's distribution, the project has ensured that power is in the hands of the community. This move fosters a sense of ownership among participants and encourages a more equitable and democratic environment where all voices can be heard.
The project has demonstrated its commitment to long-term stability and security by relinquishing control over the smart contract. The absence of a single controlling entity means no individual or group can manipulate the contract, making the project more resistant to potential threats and boosting public trust. Additionally, Salmonation has renounced smart contract ownership, further solidifying its decentralized nature.
As a fundamental component of the BeOne Network, Salmonation's complete decentralization is a solid foundation for future growth and innovation. This exciting development paves the way for BeOne Network's vision of a fully decentralized ecosystem, where users can seamlessly interact with various blockchain-based services while enjoying the benefits of enhanced security and transparency.
In conclusion, Salmonation's move towards complete decentralization is a bold and commendable step in cryptocurrency. By renouncing developer supply ownership and smart contract ownership, the project has fostered an environment of trust and cooperation, which is essential for the future success of BeOne Network. As Salmonation continues to grow and evolve, it will undoubtedly serve as a beacon for other projects seeking to build a brighter, more decentralized future.
The Future of $SUI Token: A Glimpse into the Post-Mainnet Landscape
Subtitle: Salmonation for Indonesia (SUI) Prepares for the Be-One Chain Mainnet Launch Amid Global Market Uncertainty
In the face of an unpredictable crypto market and challenging macroeconomic conditions, Salmonation for Indonesia (SUI) remains steadfast in its mission to develop the Be-One Chain - Indonesia's first high-security, high-performance DeFi blockchain.
Ahead of the mainnet launch, the Salmonation development team has taken several crucial steps to ensure a seamless transition for the Salmonation token ($SUI) from the Binance Smart Chain (BSC) to the Be-One blockchain. With a current market capitalization nearing $1 million, $SUI is set to become a native coin on the Be-One Chain.
Initially launched on Binance Smart Chain (BSC) on March 17, 2022, the $SUI token has seen a promising surge in interest. Its holders have nearly doubled in the past month, signaling strong investor confidence despite lingering market turbulence. As a token with a fair launch approach, $SUI has garnered this support without relying on presale participants.
In response to growing community curiosity about the future of the $SUI token post-mainnet, PT SUI CEO Meidy Salmon has outlined two potential options for the locked 50 percent supply of Salmonation tokens:
Transfer the tokens to the bridge protocol and convert them into Be-One Coin (BOC), subsequently locking the supply in FunDex as liquidity for One Token ā a utility token for projects built on the Be-One blockchain.
Burn the SUI tokens and exchange them for native Be-One Chain coins (One Token) that will continue to function as liquidity for the asset's price and market value.
Salmon assures that the latter option eliminates the risk of system leaks, which have been known to occur within bridge protocols.
As the mainnet launch approaches, Salmonation's focus also shifts towards forging strategic partnerships, particularly with venture capital firms interested in investing in blockchain technology. These investments will not involve coins but will be centered on technological advancements.
Post-mainnet, Salmonation will explore listing the digital asset on centralized exchanges (CEX), though it is not a top priority during the initial mainnet phase. With their commitment to innovation and strong community support, the future of the $SUI token and the Be-One Chain looks promising.
The Salmonation project has made a significant move towards increasing public trust and decentralization by burning all supply of $SUI tokens owned by developers. The project was launched on the Binance Smart Chain (BSC) network with a maximum tokenomic supply of 100,000,000 SUI and an outstanding circulation of 50,000,000 SUI in the pancakeswap-finance pool. The remaining 50,000,000 SUI was held by the developers.
With the burning decision, the circulating supply of $SUI will be maintained at 50,000,000 SUI in the Binance Smart Chain network. This move aims to increase organic transactions, leading to decentralized transactions based on smart contracts.
The impact of this decision will also guarantee a custodial transaction from $SUI to $BOC COIN in the BeOne network. This will ensure that BOC COIN has the same value as SUI, thus increasing the confidence of users and developers to transact using BeOneChain.
Overall, this move by the Salmonation project is a step towards greater transparency, decentralization, and trust in the project. It will be interesting to see how the community responds to this development and how it impacts the project's growth in the future.
BeOneChain, the community-driven blockchain platform, is set to launch its Mainnet at the end of March. This launch marks a new era of blockchain technology, with exciting new features and benefits that will revolutionize the industry.
One of the standout features of BeOneChain is its hybrid consensus algorithm, which combines the security of Proof of Stake (PoS) with the efficiency of Proof of Authority (PoA). This approach ensures high security and decentralization while offering fast transaction times and low fees.
Another critical advantage of BeOneChain is its interoperability with other blockchains, allowing seamless integration with other platforms and DApps. This makes BeOneChain a genuinely versatile and adaptable blockchain that can meet the needs of any project or application.
In addition to its advanced technical features, BeOneChain offers a user-friendly explorer and DEX called FunDEX, allowing users to trade and manage their assets efficiently. This platform is built with the Ethereum Virtual Machine (EVM), which ensures compatibility with existing Ethereum DApps and smart contracts.
BeOneChain also prioritizes community-driven governance, which means that users have a say in the development and direction of the platform. This ensures that the needs and desires of the community are always considered and helps to create a more inclusive and democratic ecosystem.
Overall, BeOneChain's Mainnet launch is a significant milestone in the blockchain industry and will attract much attention from developers, investors, and enthusiasts alike. With its innovative features, interoperability, and community-driven governance, BeOneChain is poised to become a significant player in blockchain technology. Stay tuned for the launch at the end of March!
We announced each wallet's functions earlier before the public launch.
---- note: where after three months, for five developer wallets, it combined into one wallet and locked it with multi-sig. To facilitate supervision by holders - link: https://bscscan.com/token/0x4841181ae4079072ebe83a29b718388a387169e3?a=0xd400cc702c514e553559122531eeb55d90d5c41f
Proof of fair-launch 50% supply + 250BNB: https://bscscan.com/tx/0x1340ca58bf719b6c1c9c9555fbf6e77e14ba98af817162dfff103410b1624797
----- our first active blockchain-proof salmonchain :
RPC :
NETWORK SALMONCHAIN RPC
Network: SALMONCHAIN TESNET
URL : https://rpc.salmonscan.com/
Chain ID: 281028
Symbol: SUI
Explorer URL: https://testnet.salmonscan.com
Already published in mainstream media: one of the links:
Change of blockchain due to internal problems "source code information leak due to excessive trust by me, and has used salmonchain products as a result of his work to sell the source code (witnesses and evidence are there), but I did not publish it to maintain conducive conditions for the public" and I feel the responsible answer to my investor holders, so we created a new blockchain which we called BeOneChain. as a replacement for the previous product.
RPC of BeOne Protocol :
https://chainlist.org/?search=beone&testnets=true
- the purpose of displaying it to the public with its registration on the chain-list is valid proof of blockchain ID and active blockchain integrated with EVM.
- We have replaced the salmonchain.com website with beonechain.com. We have also displayed the information with a popup on salmonchain.com.
Our work is not just about making a blockchain but preparing a custom explorer, where to become a blockchain explorer like bscscan, ethscan, etc.
link: https://testnet.beonescan.com/
This costume must be fixed and take up thousands of data we must process. Our work program is often tedious, and we have not been able to complete this explorer due to a year, lack of human resources, and time limitations.
We have never sold ownership of the supplied developer for almost a year.
We bought back for promotional purposes and the partnership worth $ 16,000, and we kept it in the wallet: https://bscscan.com/token/0x4841181ae4079072ebe83a29b718388a387169e3?a=0x90c305143ca83cce9fc7569aea62764c63c91262.
Planned for:
1. Airdrop total of 1,000,000 SUI with several stages. (Only 12 participants in the 1st stage, so I decided to review it for the implementation of the airdrop / changed it to another strategy)
2. We will develop the excess of 500,000 for project funding for our ecosystem in BeOneChain. for prospective new developers who pass the terms. And conditions.
Tax income- we divide it into financing:
1. operational - Team meet-up. Team accommodation. Team compensation. Server fees (blockchain, node, news portal, dex, etc.) purchase of websites, city quest, fundex, nti, salmonation, HYU tourism, beonechain, one wallet. Etc.
2. charity ( we don't need to mention it, but we keep the documentation)
3. marketing and sponsorship in the community and student or student activities in need.
4. event - (painting competition on 17 August 2022 for elementary school children ( the purpose of this event is to educate youngsters to know NFT in art all over Indonesia.), Event seminar, webinar. )
5. formation of news media. From IBN - Indonesia business news, salmonation.com.
6. we handle:
a. salmonation.com
b. beonechain.com
c. explorer beonechain (active) and salmonchain (we have shut down)
d. naeswaritechnology website (we are temporarily shutting down, so there is no bias between salmonation for Indonesia and NTI)
e. city quest. Online and others. We reserve 2-3 web backup names for 1-2 years.
7 Unforeseen costs: switching servers, changing servers, purchasing software tools, other hardware, etc.
8. Other development for web3 or dapps :
a. one wallet
b. fundex
c. explorer
d. bridging
e. city quest
f. NFT marketplace
and some of the work we postponed, and we do each in stages. And there are those that we use external personnel where our 3d design capabilities need more human resources.
Journey.
Our highest number of holders in the first three months was at 870holders.
Our transaction volume was below $500 per day for nearly nine months. in the winter market.
A drastic increase in holders of almost 100% to 1,319 occurred in the last month, which we did with education, literacy, updating information on social media. as well as optimizing SEO.
With the income tax we manage, we can survive and focus on developing this project. I needed more to cover costs in the 7th month when I reinjected funds for its operations.
Even though there have been buybacks that we bought slowly, I have decided to remain consistent in implementing Tokenomics And business management because running a business does not always have to be a surplus. You have to be able to sacrifice to achieve something more significant. Not to show off but to teach that other developers can do the same things we do.
So I don't use the buyback wallet to cover our operational costs.
Our lowest HR compensation fee was in January and February 2023- $1,700, and the highest was $5,500. Where there is significant impairment by reducing the number of our human resources. From 21 total to 11 because they understand priority over productivity
Our highest total monthly expenses were in the first two months, worth almost $14,000 ( or something ). lowest in the last four months, $1,200.
After the first two months, the average monthly cost is about $800, with little marketing promotion. We switched to giving AWAY t-shirts and others that were simpler.
Server costs range from 7 million to 15 million ( in rupiah ) a month, from the lowest to the highest. All paid with CC until now. And the future burden will increase for mainet server costs. It is not included in its IPFS. And IPFS development for NFT, etc.
To reduce that cost, we made OTB, Open The Block. one of our events and our strategy to establish friendships with developers, educators, or other entrepreneurs. Everything is open to the public and the public without us charging a fee, and we share GA with T-shirts or even items from our speakers without coercion.
We maximize what we have, a youtube channel, news portal, Twitter, etc., to share the contents of this event and our information. For updates. Our track: can be seen on the salmonation youtube channel
Education and literacy are our priorities, and we know that only a few viewers attend, but we always believe in the speaker. It is not the value of the participants. Still, the value of the content is conveyed and recorded in a digital footprint.
-- so if you have questions about our wallet marketing. We have answered. And we explain our work portions and proof of work to date.
We still have much to fix and know that time is limited.
Do you have any questions about what to do with the future 50,000,000 SUI in the dev wallet?
There are several options.
1. We will enter the bridge protocol and change it to $BOC. This will be locked in our FunDEX as liquidity for the "ONE" Token, the utility token for the entire project we build. So it has a solid initial price. The rest will consider preparing CEX listings ( not priority, except tier 1 exchanger accepts us. :P )
2. we burned all $SUI, so there is no need to lock it in Bridging to avoid system leaks (hacking that happens a lot), and we will issue it supplying $BOC in beonechain. And the function and process are the same as No. 1 for liquidity purposes and are locked.
Friends, don't worry. The locked supply will not affect the circulation of the supply because it will not come out. It will only be the price basis for the "One" token.
So this is the last update. We are still trying to find VC partners willing to see our projects and plans and consider investing in our company. Equity ( stock ) . and has nothing to do with COIN. But to the technology.
Thank You. This can be enlightening and become an information update sheet in the form of a work report.
In cryptocurrencies, many terms may sound unfamiliar to the uninitiated. One such term is "burning tokens." What exactly does it mean, and what is its function in the crypto world? This blog post will explore the definition and role of burning tokens.
Definition of Burning Tokens
Burning tokens, also known as token burn, is a process where a certain number of tokens are removed or destroyed from circulation. This process reduces the total supply of tokens in circulation, making them more valuable. The tokens are usually sent to an address with no private key, rendering them permanently unusable.
Token burn is commonly used in cryptocurrencies to manage the total supply of tokens in circulation. This is especially important for cryptocurrencies with a fixed supply, as it helps maintain the token's scarcity.
The function of Burning Tokens
The primary function of burning tokens is to reduce the total supply of tokens in circulation. This reduction in supply can have several benefits for a cryptocurrency.
Firstly, it can increase the value of the token. Reducing the total supply of tokens makes the remaining tokens more valuable. This can be especially important for cryptocurrencies with a limited supply, as it helps maintain the token's scarcity.
Secondly, burning tokens can help to control inflation. Inflation occurs when there is too much of a currency in circulation, decreasing its value. By reducing the total supply of tokens, burning tokens helps mitigate the effects of inflation and maintain the currency's value.
Finally, burning tokens can also help to improve the tokenomics of a cryptocurrency. Tokenomics refers to the economic principles that govern the behavior of a cryptocurrency. By reducing the total supply of tokens, burning tokens can help to create a more stable and sustainable financial system for the cryptocurrency.
Titles, Hashtags, and Meta Keywords
When creating content about burning tokens or any other topic related to cryptocurrency, it's important to use titles, hashtags, and meta keywords that accurately reflect the article's content. This can help improve the content's visibility and searchability, making it easier for people to find and read.
A good title for an article about burning tokens could be "Understanding Burning Tokens: Definition and Function." This title accurately reflects the article's content and is clear and concise.
When it comes to hashtags, it's essential to use hashtags relevant to the article's topic. Some good hashtags for an article about burning tokens could include #BurningTokens, #Crypto, #Blockchain, #Tokenomics, and #SupplyReduction.
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Conclusion
Burning tokens is an essential process in the world of cryptocurrencies. It helps to manage the total supply of tokens in circulation, improve the tokenomics of a cryptocurrency, and maintain the currency's value. By understanding the definition and function of burning tokens, you can better understand how cryptocurrencies work and how they can be used to create a more stable and sustainable economic system.
march mainet --- april bridging ( to be able to convert SUi Tokens to COIN BOC. )
April - mei - FUNDEX --- after completion, we will add a liquidity pool for ONE TOKEN on the BEONE network. It's a fair launch with 90% -100% supply going into the pool. (still considering whether listing on CEX is needed for ONE token or not because our nature is developing in its utility), the second solution, if 100%, means we will build our features on FunDex
ONE token is a token that is formed to represent all projects developed by the team, such as the NFT marketplace, CityQuest - Launchpad - Investment Program platform - Tourism.
So I will focus on one liquidity pool in a value range of $ 100k - $ 150k for a fair launch with a 5% tax.
So there is no tax on the platform, except for the Investment Program, which may have a notary or legal fee. It's an admin fee not for us but for a 3rd party to mediate.
But this is just an investment plan. Need more research for this project.