• A proposal has been submitted to reduce the transaction fees on Binance Smart Chain (BSC).
• The proposal seeks to make BSC more attractive than layer 2s by providing a more adaptive transaction cost distribution.
• This will help sustain the BNB economy while enhancing BSC’s position in the market.
Proposal for Lower Transaction Fees on BSC
A proposal has been submitted that aims to adopt a lower transaction fee cost on Binance Smart Chain (BSC). The proposal, submitted on March 28th, highlighted the need for a more adaptive transaction cost distribution on the BSC network with a more flexible transaction fee structure in a bid to ensure efficient block utilization and attract new users.
Benefits of Lower Fees
The proposition for the BSC validators stated that such an approach would help sustain the BNB economy while enhancing BSC’s position in the market, especially in the multichain strategy laid down in its roadmap. It further claimed that high gas fees have impeded network activity and could aggravate if left unchecked. By introducing lower fees, it would encourage users to stay within the ecosystem and remain competitive against other blockchain networks.
Rivals of Layer 2 Scaling Solutions
Layer 2 scaling solutions have revolutionized space with faster and cheaper transactions, as well as increased scalability and improved privacy and security. However, with higher gas costs now being proposed for transactions on BSC, this could create an environment where users are drawn away from using Layer 2 solutions outside of the ecosystem.
Competitiveness Against Rival Networks
In order to increase its competitiveness against rival blockchain networks, it is important that BSC remains attractive by offering lower transaction fees than those offered by other networks. This will ensure that existing and future L2 solutions remain competitive and keep existing users within their own ecosystem instead of moving away due to higher costs associated with transactions outside of it.
Conclusion
The proposed change is expected to make transactions faster and cheaper for both users and developers alike on the Binance Smart Chain network while also sustaining its position as one of the top cryptocurrency networks in terms of usability and security features.
• Metacade has successfully reached the final stage of its token presale after raising more than $500k in 24 hours, reaching a total raise of $12.4m.
• The presale is scheduled to end on the 30th March 2023 and will be listed on multiple exchanges such as Uniswap and BitMart afterwards.
• Russell Bennett, CEO of Metacade, expressed his gratitude for the support received from investors and highlighted the team’s preparation for their Q2 product launches.
Metacade Token Presale Hits Final Stage
The Metacade token presale has reached its final stage before listings, having raised over $500k in 24 hours and a total raise of $12.4m. Scheduled to end on the 30th March 2023, it will list on multiple exchanges including Uniswap & BitMart afterwards.
Support from Investors
Metacade CEO Russell Bennett expressed his gratitude for the overwhelming support received from investors, who have helped make this project one of the most exciting GameFi initiatives this year. He also highlighted that they are now gearing up for their Q2 product launches.
Final Stage of Presale
With just days until completion, the MCADE token price is set to increase to $0.020 – its last price before exchange listings which will begin shortly after the presale ends on 30th March 2023.
What Is Metacade?
Metacade is a community-driven arcade platform offering gamers a huge selection of play-to-earn (PTE) games with rewards given out through native MCADE tokens when performance benchmarks are met.
Conclusion
This is an incredibly exciting time for all involved in this project as we reach its finale before listing starts next week!
• Robert Kiyosaki, an American businessman, investor, and motivational speaker, believes the banking sector’s current crisis will intensify.
• He recommends investors to focus on buying Bitcoin (BTC), gold and silver as a response to the potential turbulence.
• Arthur Hayes also appears to be on board with this idea.
Kiyosaki’s Advice
Robert Kiyosaki – an American businessman, investor, and motivational speaker better known as the author of the bestseller „Rich Dad, Poor Dad“ – thinks the current crisis in the banking sector will intensify. As such, he advised investors to focus on bitcoin, gold, and silver, arguing those assets could save them amid the potential turbulence. In a recent post on Twitter, Kiyosaki said central banks might print more “fake money” in response to this crisis and urged investors to purchase more bitcoin, gold and silver so they can overcome such a catastrophe.
BTC Performance After Bank Collapse
BTC has quickly regained ground after plunging significantly on the news of Silicon Valley Bank’s collapse. Despite the ongoing uncertainty in the monetary system, it crossed the $22K mark which leads many people to believe that it is about start a new bull run soon. This further supports Kiyosaki’s advice for investors to consider Bitcoin as part of their portfolios for protection against economic turmoil.
Arthur Hayes On Board
Arthur Hayes seems to be a proponent of this thesis as well; therefore supporting Kiyosaki’s statement even further. A mass printing of fiat occurred shortly after COVID-19 outbreak due to numerous central banking institutions; however despite all that Bitcoin still managed to succeed above its previous records before any intervention from government or bank took place which suggests that cryptocurrency is here for good no matter what happens in other sectors of economy or finance world wide.
Precautions Are Necessary
Although it is recommended by both Robert Kiyosaki and Arthur Hayes for investors to look into cryptocurrencies as part of their portfolio for protection against economic downturns; Investors should still take necessary precautions when investing in any asset class including cryptocurrencies and understand that there are risks associated with every asset class including crypto assets too . Therefore performing your own research beforehand is highly recommended before making any decisions regarding investments .
Conclusion
In conclusion , both Robert Kiyosaki and Arthur Hayes agree that investing in cryptocurrencies like Bitcoin , Gold & Silver are great options when it comes protecting yourself from potential economic downturns . However they also advise taking necessary precautions while investing in these asset classes too before making any investment decisions .
Despite Crypto Bear Market, Revolut’s Revenue Climbed by 33% in 2022 (Report)
Summary
Revolut’s revenue in 2022 reached $1.03 billion despite the crypto market decline last year and unfavorable macroeconomic conditions.
Mikko Salovaara – Revolut’s CFO – revealed that the number of new subscriptions and business accounts has risen.
The firm does not intend to secure any fundraisers soon, despite raising $1.7 billion since its launch in 2015.
Overview of Revolut
London-based fintech company, Revolut, allows cryptocurrency trading and saw a 33% spike in its revenue in 2022. The firm offers clients the option to buy, sell, and exchange over 90 digital currencies, including bitcoin (BTC) and ether (ETH). According to Reuters reports, the company’s revenue surged to $1.03 billion in 2022 due to increased new subscription and business accounts even with the crypto market downturn last year. CEO Nikolay Storonsky had previously stated that they were profitable in 2021 after registering a nearly $270 million loss in 2020. Accounting results for 2022 are expected to be published by June this year.
Revenue from Cryptocurrency Operations
In spite of the declining cryptocurrency market last year, Revolut’s CFO Mikko Salovaara revealed that their revenue from cryptocurrency operations accounted for 5-10% of their overall income in 2022. He also mentioned that they have built a strong momentum despite unfavorable macroeconomic conditions.
Fundraising Plans
Despite having raised $1.7 billion since their launch back in 2015, Salovaara said that there were no plans for further fundraising anytime soon.
Conclusion
Despite the bearish crypto market last year, London-based fintech company Revolut managed to post 33% growth on its revenues which reached $1.03 billion due to increased subscriptions and business accounts even amidst unfavorable macroeconomic conditions globally
