For a country to develop, economic growth is paramount. However, the rate of economic growth worldwide is very imbalanced. Developed countries like China have recorded above 5% GDP growth rate in 2020. Contrary to that, South Sudan, an underdeveloped country, records -10% GDP annually. This economic imbalance has brought down several markets worldwide, hence delaying the development of countries globally.
Furthermore, currency fluctuations, inflation, and poverty greatly influence slow market growth. Fortunately, the introduction of blockchain systems resolves the issues facing the modern-day market. However, most countries trading cryptocurrencies are first world countries, and blockchain platforms are very unpopular in several nations.
Knox World Pay is the first blockchain platform to avail financial services to all types of economies, advanced and underdeveloped. The system is an invention from Apollo currency, the fastest cryptocurrency in the blockchain market.
Moreover, Knox World Pay is a mobile-based platform, targeting the 5 billion people worldwide who own mobile phones. The platform is the first and only blockchain-based system that ignites the possibility for mass adoption of blockchain.
How Knox World Pay is Developing Economies
Creating Employment Opportunities
Unemployment is one of the issues preventing development in markets worldwide. Countries in the Sub Saharan region have deeply poverty-stricken areas. Lack of jobs translates to little or no income, which in a nutshell, leads to poverty.
Knox World Pay has a worldwide agent network that was founded to assist traders in cryptocurrency exchange. The agency acts like Banking institutions but in a more advanced capacity as agents interact directly with people—agents aid merchants in signing up for cryptocurrency accounts and using those accounts in day to day transactions.
No requirements are needed to sign up to be an agent, so anybody worldwide can be a Knox World Pay agent. Therefore the platform is a source of employment for people in developed countries and locals in marginalized countries.
By creating job opportunities, Knox World Pay massively contributes to economic growth.
Encouraging Entrepreneurship
Industries and businesses thrive where capital is abundant. But for an economy to develop, there is a need for an abundance of industries with several entrepreneurs. To create a stable business, the foundation of an excellent financial system is necessary. Where good banking options are inaccessible, business is on the road to failure.
Knox World Pay platform is the perfect alternative where banking systems have failed. Since the platform is mobile-based, Knox World Pay enables merchants worldwide to send and receive payments via text messages and QR codes. Therefore entrepreneurs can easily make international sales in remote areas with no internet access.
Knox World Pay helps people open up businesses in regions with no banking services, offering them financial services similar to those in first world countries. This achievement is after the development of economies both at local and international levels.
Initiating Use of Cryptocurrencies in Developing Countries
In some third world countries, inflation and corruption have weakened the value of local currencies. The financial imbalance is a norm in such countries; the gap between the rich and the poor widening every day. This imbalance has made markets in developing countries fail to sustain themselves.
Unfortunately, where local currencies have little value, international trade is difficult, if not impossible. Business enterprises have a hard time expanding their business to the global market, eliminating the possibility of an economic uprising.
Cryptocurrency can replace fiat currencies in such situations. The platform’s global agent network and offline transactions facilitate fast and secure international crypto-transactions. A business owner in Venezuela can sell goods to a consumer in Asia and get paid using BTC while completely bypassing the effects of inflation.
Service to Areas With Little Banking Reliability
Financial service availability to an economy is imperative to its development. The reliability and stability of banking systems in a country will determine the rate at which the economy thrives. Generally, financial systems in developed countries are far better than those in third world countries.
The overreliance on banking services and financial institutions has led to stagnant economic growth. Demand for these services keeps growing, and the systems can’t effectively serve everyone. Residents of rural areas in developing countries have to cater to costs such as bus fares to reach their banks. First world countries have districts with few banks encouraging long queues, making it tiresome for people to make transactions.
When most of the country’s population has access to fantastic financial services, the economy eventually develops. Economic growth is inevitable because everyone locally and globally, is financially represented. The platform is fast, user-friendly, and has minimal costs. People can say goodbye to extra expenses such as bus fares, bank account charges, and long tiring queues in banks.
Conclusion
Economic development is key to a nation’s success. For economic growth to occur, capital availability and good nationwide financial services are necessities. Knox World Pay gives users the best cryptocurrency exchange experience, thereby expanding local businesses and providing premium financial services to even secluded parts of the world.
Knox World Pay is the only blockchain platform that has the potential to give financial services worldwide. International economic growth is undisputedly imminent as people can comfortably trade anywhere, anyplace, and anytime thanks to Knox.
Graviton Web3 Accelerator’s digitally simulcast Demo Day event saw participation from VCs and angels around the world, focused on a cumulative raise of $10Mn for their first cohort.
Graviton, a web3-focused accelerator for emerging markets backed by global VCs such as Hashkey Capital, Moonrock Capital, NGC Ventures, 369 Capital, Ascensive Assets, Stacker Ventures, MH Ventures, G1 Ventures, Infinity Ventures Crypto (IVC), and GravityX Capital, recently organized its first-ever digitally simulcast Demo Day.
The event saw participation from over 70 global investors from 16 countries, with all eyes converging on what the six teams at Graviton are busy building and scaling. These teams have emerged as outliers from a pool of 300+ startups that had applied to get accelerated through the Graviton ecosystem.
Graviton’s uniquely designed accelerator program arms a limited cohort of promising early-stage web3 founders with a healthy infusion of institutional capital (marked by a seed investment into each team), technical grants and integrations from a vast partner ecosystem, mentorship from proven industry experts to help the teams with business strategy, tech fundamentals, growth marketing, and fundraising, as well as expanded networking opportunities to help them raise serious capital in the long run.
“While the ongoing ‘bear market’ sentiment fosters a conservative investment mindset around the world for crypto platforms, we at Graviton believe that world-class technology products led by visionary founders are always ahead of the curve, and always lucrative to serious investors”, remarked Arpit Nik (Founder & CEO at Graviton and a General Partner at GravityX Capital). Arpit and team have been hard at work since December last year, to identify India’s strongest founders with a penchant to build for the decentralized web.
The six teams that emerged frontrunners amidst a plethora of applicants, include:
Spydra – An enterprise grade blockchain solution that is helping large organizations migrate their existing tech stack from web2 to web3, making the transition as frictionless as possible. Led by the seasoned and suave Manish Tewari (with massive previous exits at Koovs.com and Pokkt), Spydra is powering the largest status-quo migration in enterprise tech, since the advent of AWS and cloud-computing. They’re already clocking an annual run rate of $100K in revenue, servicing clients such as Raymond, Myntra, and the National Payments Corporation of India.
Wall – This team is solving one of the most significant challenges of web3, i.e. community building. Wall helps businesses acquire and take community members through beautifully mapped custom user journeys, helping them claim rewards (such as Airdrop tokens), while completing platform-mandated tasks across multiple touch points (such as Twitter, Telegram, Discord, etc). It offsets the community moderation costs for emerging web3 platforms, and after helping 40+ projects design custom reward pathways, Wall is fast emerging as the go-to community building solution for L1 and L2 ecosystems. Wall is helmed by Anuj Kumar Kodam (ex IIT Kharagpur, IIM Calcutta, and formerly part of the founder’s office at Ola Cabs).
Strive – Global opinion on the utility of NFTs is divided, and Strive is here to change that. With a proprietary layer that facilitates the sharing and trading of NFT utilities, the team is expanding the possibilities of what one can do with NFTs today. Using Strive, any business, brand, or artist-led community can monetize their audience and influence with ease. Kartik Mehrotra (ex UC Berkeley) leads the show at Strive Network.
Zoth – Crypto users of today are struggling to find secure and passive income generating opportunities, despite the total value of crypto finance having breached $1Trillion as of 2022. Pritam Dutta (ex Ab-InBev, Mahindra & Mahindra) and team Zoth are on a mission to democratize global access to affordable capital, through the tokenization of real world assets. They’ve already deployed $500K in capital, and have a little under $10M in their managed assets pipeline.
Fetcch – The motto and creed at Fetcch is to make web3 payments as simple as Venmo or Paypal. Mandar Ray, CEO at Fetcch, explains that they’re building an abstracted middleware layer that removes the complexities associated with wallet addresses, which in turn is a giant leap towards the mainstream adoption of web3. Recently, the team has opened up beta access to Fetcch Pay, their flagship payments product.
GG Nation – eSports is booming, and team GG Nation has done a stellar job of capturing the mindshare of student gamers across 250+ Indian colleges in 18 cities. Today, GGNation has more than 200,000 gamers on its roster, with an aim to onboard India’s first million gamers. Abhinandan, the founder and CEO, has a remarkable track record with two of India’s biggest sports IPs, Indian Racing League and Premier Futsal, achieving impressive media value, viewership, and live attendance.
Over the last 16 weeks, these teams have been immersed in interactive workshops with a team of 50+ remarkable mentors – all of whom are established thought leaders in their respective domains. And in exchange for their time and imparted wisdom, Graviton has created a circular rewards model, with each mentor acquiring nominal equity in these teams, proportionate to the time they spend nurturing each product. Arjun Kalsy (ex-Growth lead at Polygon), for instance, has a vested interest in the success of each of these six teams, as one of their growth mentors. The same is true for Parth Chaturvedi of Coinswitch Ventures, Vijay Pravin of bitsCrunch, and many others who have become an integral part of the growth journeys of all 6 teams.
The success of Graviton’s Demo Day is owed largely to the efforts of Program Director Jeffrey Broer, who is a seasoned web3 investor at Mulana Capital, and a highly sought-after blockchain mentor and speaker.
“Supporting visionary entrepreneurs on their transformative journeys in the web3 realm brings me immense joy. I extend my heartfelt gratitude to the nurturing Graviton ecosystem for promoting an inclusive culture of progress. May the six teams embark on a remarkable path of growth and achievement!”
– Vijay Pravin (CEO, bitsCrunch & Growth Mentor at Graviton)
“All hands aboard is the philosophy that drives us to help startups and founders. We’re glad that this team of web3 disruptors came together at Graviton, and forever indebted to our invaluable mentors, who have helped craft this journey together. With everyone’s hearts set on building sustainably for the decentralized internet, we’re just really excited about what the future holds for the Indian web3 space”
– Vishal Sanap (Head of Portfolio Growth & Development at Graviton)
The $200,000 Fast Money Challenge tournament series begins. Use your chance to compete for 4x times more prize places! The event includes four rounds (tournaments), each with 20 winners.
And the series leader will get double lucky! The player who scores the highest in any round relative to the entire series will get two prizes – the one they receive for winning the round plus an extra $40,000 💰
Get rakeback in TFS Tokens for placing bets and move up the leaderboard! In each round, the 20 participants with the most TFS mined will share $40,000:
1st place $20,000
2nd place $4,000
3rd place $3,000
4th place $2,000
5-10th place $1,000
11-20th place $500
The series prize pool is $160,000. And the series overall champion will get $40,000 on top of the reward they win in any round.
The transparency of the results is guaranteed by the blockchain. All players’ bets are recorded on the immutable blockchain, so you can always view any of your bets via Trueplay Explorer. Just copy your ID and paste it into the Explorer search bar.
Join the tournament and get rewarded!
About Fairspin
The Fairspin online casino was founded in 2018. It operates under the Curaçao eGaming license and is a fully transparent platform where users can check their bets and other gaming actions through the blockchain. That has become possible because of Trueplay Explorer, which records everything taking place on Fairspin and makes it available for viewing.
Fairspin provides more than 5,000 games by 70+ providers translated into 20+ languages.
The casino has its own digital asset – TFS Тoken. It can be bought or sold on the exchange and earned via our special loyalty program. We have released a limited number of TFS Тokens and are making sure the rate between TFS and USD remains stable.
Play To Earn: users get rakeback (refund) in TFS for bets in each game. They can use the received tokens for holding, sell them, or continue playing.
Hold To Earn: this is an opportunity to hold TFS and then receive a percentage of the casino income in tokens as a reward. There are three holding programs: for 8 hours, 1 day, or 3 days. The average APR of the Hold To Earn program can reach 500%. Moreover, it is fully safe since even if the casino does not have income, the user will, in any case, get all the tokens they staked.
LedgerFi, a leading decentralized web 3.0 secure communication platform built on the XDC Network, is excited to announce that their token sale will commence on March 14th, 2021 on XDC Sale. The token sale will offer investors the opportunity to purchase the native $LFT tokens of LedgerFi and join an innovative ecosystem of Decentralized Communication Service integrated with Decentralized Finance for enabling the seamless exchange of digital assets through a unified platform.
LedgerFi has envisioned to become the world’s first Decentralized Digital Asset Exchange (DDAX) platform through which users can transfer all types of digital assets with a military grade security, cryptographic encryption, privacy and prevention from cyber attacks using the power of Blockchain technology.
LedgerFi is a one-stop-shop for DeFi users that provides access to various communication protocols and services in the industry such as Ledger Mail which is already live in the market and it has 750K users exchanging 2M+ emails,and upcoming products like
Ledger Chat: The Decentralized Instant Messaging Solution enabling users to instantly chat with peers without worrying about centralized governance. LedgerChat allows users to seamlessly communicate with each other without compromising their Digital Identity & Data Sovereignty. It’s in beta at the moment.
Ledger Live: The Decentralized Audio & Video Call Platform allows individuals & businesses to connect with each other in real-time. The centralized access point utilized in conventional VoIP solutions is eliminated with blockchain based communication technologies. Eliminating the hassle of handling centralized, cumbersome & hackable legacy platforms with the high-performing next-gen solution. Instead, a blockchain based communication system sends the signal from the calling party to a receiving number, which is then replaced by a dispersed network shared by all network users.
Ledger Pay: The Decentralized Cross-Border Remittance platform providing human-readable, interoperable & lightning-fast payment transfer capabilities for financial inclusion of the unbanked individuals.
Ledger Mint: Metaverse Interconnected NFT Transfer Hyper-personalized social connectivity for transferring, exchanging & showcasing NFTs and other digital assets through an interactive & interconnected platform.
LedgerFi provides a web 3.0 communication service built on blockchain technology for secure communication through email, chat & payment applications. LedgerFi provides blockchain based Decentralised communication service & Decentralised Digital Assets Exchange for secure communication.