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In a recent announcement, Tools for Humanity, the company behind Worldcoin, revealed the upcoming launch of World Chain. The open-source Ethereum layer-2 blockchain will debut in mid-2024 and aims to transform human authentication through its integration with the Worldcoin protocol. 

Worldcoin Unveils World Chain

Worldcoin is a project aspiring to become the world’s largest identity and financial public network. By employing iris scanning technology via smartphones or specialized devices known as Orbs, Worldcoin transforms biometric images into encrypted numerical codes. 

Combined with algorithms, these codes verify the individual’s unique human identity. The World ID app is a digital passport that allows users to authenticate themselves across web, mobile, and decentralized applications.

Tools for Humanity considers the new upcoming blockchain necessary to transition from existing networks to a dedicated infrastructure. According to the protocol’s website, more than 5 million people from 160 countries have signed up, and the verified wallets have facilitated 49 million transactions. 

However, with the launch of World Chain, Worldcoin aims to increase scalability, provide a dedicated network for its user base, and attract more users and participants to the project’s ecosystem. 

The proliferation of automated transactions, estimated to account for 80% of all blockchain activity, poses challenges such as network congestion. World ID aims to address this, ensuring an inclusive and secure ecosystem. The announcement continues:

Our immediate goal is to increase the L2 block gas limit by a significant factor. As this comes with risks and cannot be done blindly, we are conducting it in a safe way, supported by researching the worst case performance scenarios. 

Convenient Token Usage And Fee Payments

While Worldcoin transactions currently run on the Optimism OP Mainnet, the integration with World Chain will reportedly allow for frictionless deployment across multiple blockchain networks. 

Additionally, World Chain will maintain Ethereum as its native token, ensuring compatibility with the Ethereum ecosystem. However, Worldcoin token holders will be able to use their tokens to pay transaction fees. 

In tandem, Worldcoin grants, distributed biweekly to verified individuals, will be available for immediate use within applications on the chain.

Ultimately, as the launch approaches, industry observers eagerly await the impact and reception of this new Ethereum layer-2 solution. Despite Worldcoin’s vision, the market cap and token price have experienced fluctuations. 

As of the time of writing, the native token of the Worldcoin project, WLD, is currently trading at $4.86. This represents a significant price decline of over 45% in the past 30 days, with a further 25% drop occurring in the past seven days.

According to data from CoinGecko, WLD’s market capitalization has decreased from its peak of $1.4 billion on March 26 to its current value of $950 million. 

However, since the announcement, there has been a notable increase in trading volume, surging by 6.40%. Additionally, the token has experienced a slight uptick of 3% following the disclosure.

Featured image from Shutterstock, chart from TradingView.com

While the Bitcoin community fixates on the upcoming halving and wavy interest in spot exchange-traded funds (ETFs), a looming threat could hinder its growth and adoption of the world’s most secure network: fragmentation of token standards.

Token Issuing Standards On Bitcoin Fragmented

In a post on X, one analyst pointed out the proliferation of competing token issuance standards in Bitcoin. Some popular ones, including the BRC-20 and Inscriptions, are vying for dominance ahead of the planned launch of Runes after Halving. 

In essence, token standards, regardless of the network, ensure compatibility and help harmonize the broader ecosystem. Through the BRC-20 standard, for instance, project developers planning to issue tokens know the rules and guidelines that guide token creation and management. With clear token standards, it is easy for developers to enable new functionalities and expand use cases.

The problem with the current setup is that there are no rules barring the creation of new token standards. A standard will depend on the creator’s innovativeness and whether it finds support from the community. This leeway, as it is emerging, can create a problem.

Because of the many token issuance standards, the analyst predicts user experience (UX) will rapidly deteriorate. Accordingly, based on this assessment, wallets, indexers, market makers, developers, and other ecosystem participants will face the brunt the most. 

This outlook is because BRC-20, Inscriptions, and Runes—once deployed—will become increasingly intertwined with a growing number of decentralized applications (dapps) and even layer-2 protocols tapping into Bitcoin’s superior security. It should be noted that Inscriptions and Runes are built by the same developer and even share the same code base. Runes will diverge from Inscriptions, aiming to create a template for issuing fungible tokens on Bitcoin.

Is This Diversification A Mark Of Strength?

Meanwhile, others, responding to the analyst, think multiple token standards on Bitcoin don’t lead to fragmentation. Instead, they are complementary, mirroring Ethereum’s ERC-20 and ERC-721 standards. 

Specifically, they see the current perceived fragmentation as a mark of strength. The lack of a central authority dictating standards allows users to choose standards that best suit their needs. Supporters argue that network effects will solve the issue by favoring the most widely adopted standard.

It remains to be seen how the network will evolve in the coming months and how user preferences will change. In 2023, the widespread adoption of Inscriptions pushed transaction fees higher, impacting user experience. 

Shiba Inu continues to struggle in the market, especially as Bitcoin continues to demonstrate muted price movements ahead of the halving. This market-wide downtrend continues to keep the prices of cryptocurrencies down. However, for the long term, the outlook for coins like Shiba Inu continues to be incredibly bullish, according to analysts.

Crypto Analyst Says Shiba Inu Is Now In Macro Third Wave

Crypto analyst Crypto Cipher took to X (formerly Twitter) to share his latest Shiba Inu analysis with the community. Cipher first caught the attention of the SHIB community with his analysis from May 2023, which revealed an accumulation phase for the meme coin, with recoveries following not long after.

This time around, the crypto analyst is calling out the bottom of the current trend, explaining that the Macro 3 wave is now in motion for the altcoin. This comes after the completion of both 1st and 2nd waves which player out between the end of 2023 and the start of 2024.

At this junction, the Shiba Inu price is more bearish than it is bullish as the analyst’s chart shows a possible fall from its current price point. This would put the SHIB price as low as $0.000015 before the price could recover again.

However, if the SHIB price is able to hold this level, then the price could bounce into the Macro 4th wave. “For continuation it must holds Gray Box,” Crypto Cipher stated in the post.

Possible Price Points For SHIB

The last of the Macro waves pointed out by the crypto analyst in the post are the 4th and 5th waves, both of which are expected to be even more bullish than the last. For example, the 4th wave which is expected to begin if the $0.000015 level holds has an upper end of $0.0001. This means that from the lows, it’ll be an almost 500% increase. While from the current 509 at the time of this writing, it would be a 3x increase.

Following the 4th wave, another correction is expected, where the SHIB price could fall as much as 50%. However, once the correction is over and the 5th wave continues, the upper end is placed as high as $0.00028, where the analyst expects the wave to end. At this upper end, investors could be looking at a 1,000% price increase.

As for the time frame for this, it is expected to happen over a long period of time, according to the chart. The 4th wave isn’t expected to begin until mid-2024, while the 5th wave is placed for some time in 2025, with a conclusion towards the middle of the year.

The cryptocurrency landscape is about to witness the emergence of a new Bitcoin-native digital commodity protocol that is expected to leave a lasting impact. Developed by Casey Rodamor, the Runes Protocol generates significant anticipation within the crypto community. 

However, DeFi researcher and market expert DeFi Ignas cautions investors to consider several bearish factors before succumbing to the fear of missing out (FOMO) as the protocol prepares for its launch on Friday.

Rising BTC Transaction Fees And NFT-Like Trading Mechanisms 

In a recent social media post on X (formerly Twitter), DeFi Ignas points out several reasons to be cautious for the time being. 

The researcher highlights the current enthusiasm surrounding the pre-rune token market. Tokens like Runestone, RSIC, and PUPS are already experiencing price surges and promising airdrops of the new Rune token to their holders. 

However, DeFi Ignas compares this market fervor to the non-fungible token (NFT) frenzy, cautioning that such excitement may cool off soon. Additionally, the researcher suggests that increasing Bitcoin transaction fees could pose challenges for small traders, potentially leading to disillusionment.

DeFi Ignas further notes that the Runes Protocol may not initially revolutionize the trading experience for BRC20 tokens, as the underlying trading mechanisms and user interfaces resemble those of NFTs. 

The researcher expresses skepticism about the Rune Protocol’s ability to offer superior swap mechanisms compared to BRC20 tokens. Furthermore, the impending influx of numerous Rune tokens hitting the market could dilute trader attention and decrease money inflows per token. 

DeFi Ignas highlights the unique nature of Rune 0 (UNCOMMON•GOODS), mintable for free over four years but limited to just one mint per transaction, suggesting that it may not be a straightforward investment opportunity.

Runes Protocol Set To Transcend Memecoin Status?

Regarding utility, DeFi Ignas predicts that Rune tokens will initially trade as meme coins, similar to BRC20 tokens. The initial excitement surrounding their novelty may fade, particularly if no Rune token manages to sustain its price surge and investors incur losses. 

Nonetheless, the researcher remains optimistic about the long-term prospects for the Runes Protocol, anticipating that true opportunities may arise once the initial hype cools down following the protocol’s launch.

DeFi Ignas explains that speculative narratives tend to emerge in waves, with the first wave driven by hype, often stemming from technological innovation or meme potential. 

Drawing parallels with previous examples like Friend tech, ERC404, and Telegram bots, the researcher suggests that meme tokens often experience short-lived success. At the same time, narratives rooted in technical advances have a higher chance of post-hype sustainability. 

The Ordinals protocol, introduced in December 2022 by Casey Rodamor, sparked the first wave, followed by subsequent surges in late 2023. The current fourth wave is represented by Runes Protocol, which DeFi Ignas believes will endure, spawning multiple waves in the future.

Ultimately, while short-term bearish factors warrant caution, the expert believes the Runes Protocol holds significant long-term potential. As the protocol launches, market participants are advised to assess its impact beyond initial hype, considering the technical advancements and unification it aims to bring to the Bitcoin DeFi industry.

Bitcoin is trading at $62,200, down a slight 0.6% in the past 24 hours. 

Featured image from Shutterstock, chart from TradingView.com

Technical analysis shows that Dogecoin (DOGE) may be set for an upside move after dropping to a major support level. This and other imminent bullish developments in the meme coin’s ecosystem suggest it may be the right time to invest in the crypto token. 

Time To Go Long On Dogecoin?

Crypto analyst BitLuxe revealed in an X (formerly Twitter) post that Dogecoin was trading near crucial support between $0.146 and $0.151. He then suggested that it may be time to go long on the foremost meme coin, although with a tight stop loss, possibly due to the uncertainty that is still in the market. 

BitLuxe advised traders to watch for bearish signs below this support zone. He added that the next support for Dogecoin is between $0.122 and $0.13. Meanwhile, for those who might long on DOGE, the crypto analyst mentioned that there is resistance between $0.168 and $0.173, which is something to note when setting a ‘take profit’ target. 

While also analyzing Dogecoin’s chart, crypto analyst Myles G remarked that the meme coin is about to experience a massive bounce-back. From the chart he shared, one could see that the analyst was hinting that DOGE would rise to as high as $0.23 soon enough. Myles G had also earlier predicted that the meme coin would rise to $0.26 on April 20, which happens to be DOGE Day. 

Meanwhile, in a more recent X post, Myles G again reaffirmed his bullish stance on Dogecoin, stating that there will be fireworks for the meme coin very soon. 

DOGE Still Has Bullish Momentum Ahead

Crypto analyst Yomi also recently laid out a bullish narrative for Dogecoin. The analyst mentioned that the meme coin is still “multiple weeks of upward price action away from achieving this bull market milestone.” He acknowledged that the current market downward trend has caused slight deviation but suggested another rally might be on the horizon. 

Crypto analyst Altcoin Sherpa is another person who is also bullish on Dogecoin’s future trajectory and believes that the meme coin still has enough bullish momentum ahead. In a recent X post, he urged crypto investors to buy Dogecoin if it drops to $0.107 or around that price range. “This is going to do stupid #s later this year,” the analyst claimed. 

Altcoin Sherpa previously mentioned that Dogecoin could do “something silly like go to $1 this cycle eventually.” He also once remarked that the foremost meme coin still has a lot of firepower and alluded to Elon Musk’s support for Dogecoin as one of the factors that could drive its price to $1. 

At the time of writing, Dogecoin is trading around $0.155, down over 1% in the last 24 hours, according to data from CoinMarketCap.

On-chain data shows that Bitcoin has flipped Ethereum in another metric, as the transaction fees paid on the BTC network are now higher than those paid on the ETH network.

Bitcoin Total Transaction Fees Is Now Higher Than Ethereum’s

As pointed out by analyst James Van Straten in a post on X, the Bitcoin transaction fees have once again flipped that of Ethereum. The “transaction fees” here naturally refer to the fees that all senders on any network have to attach their transfers as a reward for the validator who handles them.

The fees on the blockchain are generally related to the activity it’s serving at the moment. During times of high traffic, the mempool can become congested. As the validators only have a limited capacity to process transactions, transfers can remain stuck waiting for a while.

Investors who don’t want to wait simply slap higher-than-average fees on their transactions, so the network prioritizes them. In especially active periods, many senders can compete against each other in this manner, thus severely raising the network average.

The total transaction fees of the blockchain naturally shoot up at such times. On the other hand, periods of low activity generally have the validators receiving low transfer fees, as users have little incentive to go for any high amounts.

Now, here is a chart that shows how the total transaction fees (in USD) have compared between Bitcoin and Ethereum over the past year:

Ethereum has usually had a reputation for having higher transaction fees than Bitcoin, and as the above graph shows, that has indeed been the case for the majority of the past year.

It is quite remarkable that BTC has surpassed ETH in fees on several occasions in the last few months, though, as the latter network has rarely lost to the original cryptocurrency in this metric during the last five years.

From the chart, it’s evident that the highest disparity between the two blockchains in favor of Bitcoin came back between the end of 2023 and early 2024.

This increase in the BTC transaction fees was partly driven by the Inscriptions, a method of directly inscribing data onto a satoshi (sat), the smallest unit of Bitcoin.

Inscriptions are used in many different applications on the blockchain, like non-fungible tokens (NFTs). Transactions related to the Inscriptions are handled by the network like any other, so they naturally influence the economics related to transaction fees.

The Inscriptions had a big boom earlier, so Bitcoin sharply surpassed Ethereum in fees. Inscriptions have again been gaining traction recently, which is at least partly why the latest flip between the two has occurred.

It’s unclear whether this would sustain, though, as even the boom last time ended before too long and the fees dropped back to normal levels.

BTC Price

Bitcoin has been trying to mount recovery attempts in the last few days, but each has failed so far, as the cryptocurrency has returned to $62,400.

Ripple developers Aanchal Malhotra and Vito Tumas have introduced a ground-breaking proposal for a native lending protocol on the XRP Ledger (XRPL). If passed, this proposal is expected to expand the network’s decentralized finance (DeFi) capabilities and increase XRP’s utility.

What The Lending Protocol On XRP Ledger Is About

Ripple’s development arm, RippleX, elaborated in an X (formerly Twitter) post that the lending protocol will allow users to borrow and lend digital assets peer-to-peer (p2p) without the need for “unnecessary intermediaries.” The protocol will utilize a modular design that focuses on “flexibility and reusability.”

Furthermore, the modular design will introduce three specifications. The first is the XLS-64d, which will allow a single pseudo-account to be associated with “multiple ledger entries for tracking balances and issuing tokens.” The second is the XLS-65d, which “defines a new ‘Pool’ ledger entry for a single tokenized asset pool. 

XLS-66d is the third specification and will leverage the XLS-65d to manage the assets of Liquidity Providers (LPs). “It also introduces off-chain underwriting, on-chain agreements, and loan management.” RippleX further revealed. Regarding how the lending protocol will operate, LPs will deposit their crypto assets into a lending pool to earn interest. 

These lending pools will be managed by ‘Pool Delegates, ’ who will be charged with attracting capital from prospective lenders and providing loans to the borrowers. Pool Delegates will also be responsible for agreeing with the borrowers on the loan terms. This will be done off-chain, after which the agreement will be recorded on-chain. 

Lending Protocol Will Focus On Fixed-Term Loans

The proposed lending protocol will focus on fixed-term loans and will operate based on the pre-set terms regarding interest between the Pool Delegate and borrower. Interestingly, the need for collateral is eliminated due to the off-chain underwriting and risk management that the XLS-66d introduces. 

There will also be a first-loss protection scheme for lenders in case a default occurs. Pool Delegates can provide the first-loss capital to cover any potential default. Meanwhile, these loans will be managed through “a new ‘Loan’ ledger object.” 

The object will handle loan financing and withdrawals, payment amounts and schedules, and interest and principal payments. In the event of a default, the Loan ledger object will also handle this and spearhead the loan recovery. 

This development is undoubtedly bullish for the XRP ecosystem and could positively impact XRP’s price in the long run. It also adds to the several other bullish developments that have sprung up from the ecosystem lately. These include the proposed launch of a stablecoin on the XRPL and the newly launched Automated Market Maker (AMM). 

At the time of writing, XRP is trading at around $0.49, up over 1% in the last 24 hours according to data from CoinMarketCap. 

Hong Kong is poised to become a leader with its new spot Bitcoin and Ether Exchange Traded Funds (ETFs), but how can they fare up against their US peers which have drawn more than $28 billion in the first three months? Bloomberg ETF analyst Eric Balchunas has updated his projections, now estimating these ETFs could attract up to $1 billion in assets under management within the first two years of operation, doubling his previous forecast of $500 million.

Why Hong Kong’s Spot Bitcoin ETFs Will Lag US Peers

This optimistic forecast is tempered by certain regulatory challenges, particularly affecting potential investors from Mainland China. As Balchunas detailed via X (formerly Twitter), “Mainland China investors probably won’t be eligible to buy Hong Kong-listed spot Bitcoin and Ether ETFs as they are barred from buying virtual assets.”

This statement was based on insights from Rebecca Sin of Bloomberg, who emphasized that while retail investors from Mainland China could theoretically utilize their $50,000 annual remittance quota to invest in these ETFs, this channel remains largely underexploited due to regulatory and practical complexities. For institutional investors, the prospects are even more stringent, with little likelihood that the Qualified Domestic Institutional Investor (QDII) quota would be approved for virtual asset ETFs given the current regulatory environment.

Despite these limitations, the introduction of spot Bitcoin and Ether ETFs represents a significant milestone for Hong Kong’s financial markets. Sin further clarified the broader potential impact, noting, “Hong Kong’s spot Bitcoin and Ether ETFs could gather as much as $1 billion in assets under management. However, achieving this target heavily depends on the rate of infrastructure improvements and the expansion of the ecosystem supporting these digital assets.”

Currently, the total assets under management for Bitcoin ETFs across the Asia-Pacific region amount to $250 million, shared among five funds based in Hong Kong and Australia. CSOP’s Bitcoin Futures ETF (3066 HK) currently stands as Hong Kong’s largest Bitcoin fund, launched in late 2022 with $121 million in AUM.

The management fees for the new ETFs are projected to range between 1-2%. For comparison, CSOP’s existing Bitcoin Futures ETF and Ether Futures ETF charge a 2% management fee plus an estimated additional 2% in other expenses. In contrast, Samsung’s Bitcoin Futures ETF offers a lower fee structure at 0.95%. The fee structure is a critical element for potential investors, influencing both retail and institutional participation in these financial products.

Eric Balchunas also highlighted the broader implications for Hong Kong’s role in the global ETF market. “Now for some good news re HK, our asset estimate is now $1b in first two years (which is healthy IMO but still nowhere near the $25b that some have said) but a lot depends on infrastructure improvement. We also think this helps HK as ETF leader in Asia region,” he tweeted.

This perspective underscores Hong Kong’s strategic positioning as a burgeoning hub for cryptocurrency investments in Asia, despite stringent regulations in adjacent markets like Mainland China. With the trading set to commence on April 30, the financial community is keenly watching Hong Kong as these ETFs launch.

At press time, BTC traded at $62,401.

Комиссия по ценным бумагам и биржам Кипра (CySEC) продлила FTX Europe запрет на проведений рекламных акций и любых форм оказания услуг до 30 сентября 2024 года.

Аналитик компании Fineqia International объявил, что предстоящий халвинг Биткоина окажет положительное влияние на экологичность майнинга.

Одна из крупнейших криптовалютных бирж Южной Кореи Upbit опубликовала уведомление о приостановке поддержки ввода и вывода цифровых активов транзакциями размером более 1 млн вон ($721).

Аналитики компании QCP Capital заявили, что на рынке деривативов эфира доминирующими являются пессимистические настроения. Причина: ближние опционы демонстрируют риск резких колебаний стоимости в любом из направлений.

Что делать активному гражданину с собственными убеждениями и ясной головой, чтобы изменить мир вокруг себя и не попасть в плен к Системе. Обмен опытом, мнениями, советами, выработка совместных решений...

Co-founder and Chief Executive Officer (CEO) of Real Vision, Raoul Pal has expressed optimism about the future of cryptocurrencies in the financial sector. The renowned financial expert has predicted that the crypto industry would experience massive adoption rates, surpassing even that of the internet. 

Expert Discusses Global Crypto Adoption

Appearing on a recent podcast with the Bankless YouTube channel, Pal shed light on the rate at which cryptocurrencies are being adopted across the globe. He delved into an earlier comment he made in an X (formerly Twitter post on April 2, where he declared that cryptocurrency adoption was growing two times faster than the internet.

The crypto expert revealed that when calculating the adoption rate of cryptocurrencies against the internet, the amount of wallet addresses and IP addresses, respectively, should be taken into consideration. 

He disclosed that statistics revealed that there were about 550  million people who use cryptocurrencies. However Pal disagrees, labeling this estimate as a “midcurve” and clarifying that the figure should represent “active wallet addresses” rather than crypto users. 

Delving into the vast use cases of cryptocurrencies, Pal asserted that the entire financial system would ultimately transition to “tokenized rails.” However, this adoption process will require time as the crypto sector evolves and becomes more secure. 

The Real Vision CEO has predicted that crypto adoption could hit one billion users by the end of 2025. Additionally, Pal foresees the overall market capitalization of the industry to surge to $12 trillion during the bull cycle and $100 trillion by the end of the 3032 cycle.

The Adoption Effect On Cryptocurrencies

During the podcast, Pal suggested that the adoption rate of cryptocurrencies was an indicator of how bullish a digital asset would become. 

Using Solana (SOL) as a reference, Pal revealed that the cryptocurrency had witnessed exponential gains to new all-time highs during the previous crypto bull run in 2021. This unexpected increase is attributed to the rapid adoption of Solana by investors and users in the crypto space. 

Furthermore, Pal acknowledged the uncertainty surrounding which altcoins would lead the upcoming bull run, emphasizing that the cryptocurrencies with the highest adoption rates were the most promising contenders.

He disclosed that cryptocurrencies such as Sui (SUI), Aptos (APT) and Cosmos (ATOM) were potential candidates for an altcoin bull run. Additionally, Pal disclosed that the crypto market was currently undergoing a transition into its summer period, during which Bitcoin is expected to hit new highs before its overall dominance diminishes, signaling the onset of the altcoin season. 

Биткоин возобновит бычий напор после халвинга и может достичь $150 000 к концу 2025 года, обещают аналитики брокерской компании Bernstein.

Бывшие сотрудники российского Министерства внутренних дел Георгий Сатюков и Дмитрий Соколов заочно арестованы и объявлены в международный розыск. Экс-полицейских обвиняют в получении взятки размером почти 5 млрд рублей от сооснователя крупнейшей русскоязычной криптобиржи Wex Алексея «Красного админа» Иванова-Билюченко.

Аналитики платформы CoinGecko представили отчет об итогах криптовалютного рынка за первый квартал 2024 года. Капитализация увеличилась до $2,9 трлн.

K9 Finance, the official liquid staking partner for the Shibarium blockchain, has announced the successful approval of four strategic governance proposals aimed at fostering growth and sustainability within the Shiba Inu ecosystem. This outcome was achieved through a decentralized voting process involving the holders of KNINE tokens.

The official communication from K9 Finance decentralized autonomous organization (DAO) on X detailed the results: “The votes have been cast and the results are in! Our KNINE holders have spoken loud and clear! All 4 proposals have PASSED from our latest Snapshot vote: Reduce KNINE Token Taxes, 6 Month Marketing Budget, 6 Month Development Budget, 6 Month Ops Budget. Thank you to everyone who participated and made their voice heard! Let’s Go!! The proposals will be implemented within 1-3 business days.”

Shiba Inu: K9 Sets Course For A Successful Future

Here’s a breakdown of the proposals and their implications:

• Reduce KNINE Token Taxes: The proposal to modify the tax structure on transactions involving KNINE tokens was approved with the highest voting turnout. The new tax model includes 0% tax on purchases and 3% tax on sales, a strategy aimed at reducing friction for entry while maintaining incentives for long-term holding.
• 6 Month Operational Budget: A monthly operational budget of $25,000 for the next six months was ratified. This DAO budget is designated for maintaining and improving the operational aspects of the K9 Finance platform, ensuring stability and functionality.

• 6 Month Development Budget: With 75.88% approval, the proposal for a $50,000 monthly development budget over the next six months was passed. This budget is intended for scaling up the platform’s technical development, aiming to enhance features and expand capabilities.
• 6 Month Marketing Budget: The community approved a $30,000 monthly budget for marketing over the next six months. With an 83.02% approval rate, this budget will support efforts to increase platform awareness and user adoption, which are crucial for long-term viability.

Each proposal not only passed but did so with substantial support, achieving quorum levels ranging from 508% to 601%, indicating robust community participation and consensus.

Buzz.shib, co-founder of K9 Finance and Shiba Inu developer, commented on the significance of these proposals in aligning with industry standards. He stated, “BONE is only about 8-9% and it’s all on Ethereum. K9 Finance will help us get to industry standard levels [like Ethereum’s staking rate of 27%].” This remark highlights the strategic intent to elevate the platform’s staking mechanisms to competitive levels within the broader Ethereum ecosystem.

The approval of these proposals is a critical milestone for K9 Finance and the Shiba Inu community, laying the groundwork for enhanced growth and operational efficiency. The implementations, set to occur within the next few days, are expected to significantly impact the platform’s trajectory and its position within the decentralized finance landscape.

At press time, Shiba Inu traded at $0.00002232.

Депутат британского парламента от Шотландской национальной партии объявила, что правительство Соединенного Королевства уделяет слишком мало внимания развитию блокчейн-технологий и подготовке квалифицированных специалистов в этой области.

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