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2022-11-10 18:47:38 Urgent Executive Survey by BDC: Will USDT crash this year? Market expectations for 2022-2023

This week's news about the collapse of FTX with possible consequences for the entire industry made us run a super-fast emergency C-level survey on the future of the crypto market in the next 6 months.

Which area now has the highest potential? What to do with investments? Will Bitcoin and stablecoins like USDT collapse?

SURVEY RESULTS WITH ANSWERS FROM CRYPTO EXECUTIVES WILL BE PUBLISHED IN 2-3 DAYS

This opinion poll is scheduled for publication in the Tier-1 media! So, if you want to take part in our research, CLICK HERE

And please share it with your colleagues and teammates who can contribute to the study. Open / Comment

2022-11-09 13:04:51 Crypto market was suspiciously quiet in the past couple of months – and now finally there’s a storm after the calm (well, maybe).

On Sunday, CZ (the CEO of Binance) tweeted that Binance would sell all of its FTT holdings (the tokens of the FTX exchange). FTT went down 80%, and Bitcoin dropped from $21k to $19.5k.

CZ later tweeted that he didn’t anticipate the reaction. But it’s interesting that he posted the original thread on Sunday, when trading volumes are low and coins are more volatile. Also, CZ and FTX CEO Sam Bankman-Fried (SBF) have exchanged some less-than-friendly tweets recently.

But the biggest news was yet to come. SBF tweeted that Binance was coming in for a ‘strategic transaction’ – basically buying FTX. At this point, FTT jumped up 20%... but then it dropped from $19 to $4 as a $1 billion position got liquidated, triggering a cascade. BTC dropped to $17k at one point.

By the way, SBF is also the CEO of Alameda Research, one of the biggest crypto trading firms. On Monday morning, there were even rumors that Alameda was liquidated for $3.4 billion when the price of FTT dropped. And many said that it was all a battle between the two most powerful people in crypto.

What does all this mean for all of us?
• First of all, now that FTX will (apparently) also belong to CZ, Binance will benefit from all its US licenses. So the sale of FTX isn’a a bad thing. However, FTT can lose all its utility.

• Second, Alameda is Binance’s biggest trading counterparty. It generates huge volumes and fees for the exchange. So there’s no point for Binance to try and damage it. But if it implodes, the market is in deep trouble.

As for BTC dumping to 18k, is happened several times lately, and so far the support has held. In such moments of tension, it’s important to evaluate all information in the media (and especially on Twitter) very carefully, because fake news spreads fast. Stay safe! Open / Comment

2022-11-04 13:10:01 You'll lose half of the investors if you don’t add info about the team

Did you know that 61% of participants of tokensales are experienced investors who invest 10 times as much money as newbies? You definitely should also know which projects they support the most!

According to our research, 64% of them pay a lot of attention to the project team — as one of the key components besides the white paper, tokenomics, and roadmap.

These team representation principles will help attract more investors:

1. The core team’s professional competencies and backgrounds should match the project’s scope, concept, and specifics.

2. Advisors should boost team proficiency. Invite experts from your niche or authorities in the crypto industry — they will enhance the team’s overall competence.

3. Publicity in the media space significantly increases investor loyalty to the project. The CEO and core management should have open and active social media profiles (mostly LinkedIn), reflecting their professional experience. Open / Comment

2022-11-02 16:10:40 L2s are still hot, but L3 is already on the horizon

Do you remember when Polygon was called Matic Network and billed as an Layer 2 solution and an Ethereum sidechain? Now it’s an ecosystem with thousands of dApps, and nobody would call Polygon a sidechain anymore, but Layer-2s are still very trendy.

Why do we need L2s? To scale blockchains & remove bottlenecks. You probably know quite a few. Bitcoin has Lightning Network – used for BTC tips on Twitter, for example. And Ethereum has both sidechains (WAX, Ronin, Immortal X) and optimistic rollups: Arbitrum, Optimism, MetisDAO, Boba etc. By the way, Arbitrum & Optimism are on the top 10 of the biggest blockchains.

Apart from optimistic rollups, there are also ZK (zero knowledge) rollups. Vitalik Buterin believes them to be the future. The best-known ZK L2 is zkSync by Matter Labs – and soon this chain may get a groundbreaking L3 solution called Opportunity.

Will 2023 be the year of Layer-3 solutions? Maybe! For now learn more about L2s in our latest blog article. Open / Comment

2022-10-28 19:57:07 Get to the WOW Summit with a 100% discount!

On November 1-3, our BDC Team is heading to Lisbon, Portugal to attend WOW, which is coming back to Web3 enthusiasts, industry leaders, and creators!

The program includes NFTs, Metaverse, blockchain, digital assets, gaming, startups, mining, AI, and the infinite possibilities of the World of Web3.

• For the BDC community, the WOW team has prepared 10 standard tickets with a 100% discount. How to get them?

1. Be sure to join our Telegram and Twitter.
2. Make a RT of our Twitter post and explain why you need to be at the event.

On Monday at 9 AM UTC we will choose 5 lucky winners, each of whom will get a pair of tickets.

• In addition, you may use this promo code to buy any event ticket with a 20% discount: WOW_BDC20

BOOK YOUR TICKETS NOW

Don’t miss out on your opportunity to get to WOW Summit Lisbon, which expects 1500+ attendees, 100+ international speakers and the BDC team! Open / Comment

2022-10-27 20:52:48 NFTs – a bygone trend or the future?

NFT became a hot topic in 2021-2022 — pictures from popular collections sold for hundreds of thousands of dollars (sometimes for several million). But what happened? Why is there no more news about resonance deals?

• The trade volume in the last quarter fell by as much as 77%! The average price of NFTs collapsed by 76%, a historical record for this market.
• Such steep declines have caused NFT owners to hold off selling their collections, causing the average holding period to rise by 13%.
• Despite this, the community still looks upbeat and keeps believing in the potential of NFTs. Amidst a severe drop in trading volume and prices, the community is down only 17%.

It is worth admitting that the era of Collectibles is over, and the market will no longer be the same. However, the market may become more integrated with Web2 businesses as the next step of evolution. Open / Comment

2022-10-26 21:33:02 Rishi Sunak is UK’s new Prime Minister – what does it mean for crypto?

The ascension of Rishi Sunak could be good news for the blockchain industry: he even commissioned a Royal Mint NFT!

The new UK prime minister is apparently a believer in cryptocurrencies:

• In April 2022, Sunak said he wanted the country to become a crypto asset hub to boost investment and innovation.
• He also proposed an amendment to the Financial Services and Markets Bill that, if passed, will give the FCA the power to regulate crypto assets and startups.
• During his term as Chancellor, Rishi Sunak included stablecoins on the list of planned financial reforms.
• He also believes that the Bank of England should explore a CBDC.
• And finally, Sunak ordered the Royal Mint to issue a special NFT by the end of 2022 to demonstrate that the UK is forward-looking in terms of technology.

By the way, the combined fortune of Rishi Sunak and his wife is over $700 million, so he’s a worthy ally for the crypto industry.

Some are already comparing him to Elon Musk, but others believe that there are more urgent economic issues on UK’s agenda that need to be solved first. Open / Comment

2022-10-25 18:55:52 Web3 technologies have become a trend, so why not use them for your business’s benefit?

Let's take a look at the challenges you may encounter when integrating DeFi into your Web2 business.

DeFi integration problems:

1. Users are not interested in your token by itself. Creating a loyalty program is the most common way to use your token. However, if your business is not in the least bit related to blockchain technology, it will only inconvenience your customers.

2. Exploits are often found in DeFi applications. Designing, implementing, and testing a robust security system will be expensive.

3. Web2 businesses assume full legal compliance. Today, there is no clear regulation for tokens and DeFi applications, which can create additional problems for doing business.

DeFi and dApps bring a lot of business opportunities, but at the same time, they require specific knowledge to solve all possible problems. Therefore, if you seriously decide to use Web3 technologies, it is better to turn to professionals.

Read about compelling Web3 use cases in our article: https://cutt.ly/rNo2ZjN Open / Comment

2022-10-24 17:02:33 Is content localization worthy?

You may say: "There's no point in spending money on localization, the whole world understands English".

Our research shows that proper localization considering the specifics of the target GEO can increase conversion rates from 2 to 10 times.

Pretty impressive, isn't it? You will be surprised to learn that there are many such misconceptions! Some can bring you good profits, while others can cost you hundreds of thousands of dollars in losses.

Take a look at other risky assumptions to protect your business from them: cutt.ly/1NtAmWr Open / Comment

2022-10-21 16:27:37 Important rules of GameFi market entry

The Play2Earn game industry has recently experienced its boom. Today, it's not enough to use aggressive marketing to succeed, so there are some tips for market entry strategies based on our article:

1. Spending lots of money can't deliver long-term results on its own. Also, stay focused on product development. New users should be engaged with your product.

2. Launch airdrop or community contests with non-cash prizes. In-game rewards are more valuable for the core community. They can be a motivation for new users to try your product.

3. Don't use paid shills from influencers. It’s better to launch your blog with exclusive content from them.

4. Choose the right stage for satisfying your players’ monetary interest. Let the newcomers try your product first. If you develop the product correctly, many of them will become your main audience and invite friends. Only after this stage should you reward them with in-game rewards.

You can find more insights in our article that will help your project to succeed: https://cutt.ly/CB8I4Dp Open / Comment