Connect with us

News

Stratus Ecosystem; The Best Social Networking Platforms

Published

on

The Best Social Networking Platforms

The number of existing social media networks is on the rise, the top 10 platforms hosting more than 500 million users. The influx in usage raises a new question, are the existing platforms well equipped to cater to the rising demand? The answer lies in the quality of services offered by the media today. Social networks fail in almost every service provision aspect, including security, quality, and privacy; these platforms give more problems than social media solutions. Apollo fintech CEO Stephen Mccullah brings a new solution, Stratus.

Stratus is a blockchain social media platform that merges services from all social networking in the same dashboard. It is the first social media platform to vouch for freedom of speech. Moreover, it will implant end to end encryptions to all transactions and communications. The forum will replace all networks by giving the services offered in the current social networks.

Facebook

Stratus is set to replace Facebook by introducing all features that make up the platform. Foremost, Stratus will feature the ‘friends functionality’ that has attracted millions of Facebook users. The friend feature will allow individuals to connect with people around them, including workmates and fellow students.

Moreover, Stratus introduces the group and page functionalities. These widen the reach of advertisers and influencers. Stratus also implants events functionalities; with that, users can inform their friends and groups of upcoming events and allow them to participate. 

Amazon and eBay

Amazon and eBay are currently the most prominent online stores. For instance, the Amazon platform has over 300 million monthly active users. 

Stratus implants an online buying platform akin eBay and amazon. The forum will provide the marketplace functionality where users will choose from thousands of products. 

Influencers will get product endorsement opportunities and earn extra commissions in the process. Stratus, therefore, eases the shopping hassles and gives profiteering opportunities to its users.

Youtube and Tiktok

Youtube and Tiktok are today the best tools for marketing, entertainment, and education videos. For instance, there are more than 2 billion monthly active youtube users. 

Stratus merges youtube and TikTok video functionalities. However, Stratus provides the best services by allowing content creators to yield maximum returns from their content by offering the VIP content option.

VIP content has a minimum fee charged per view. If an influencer decides to charge $1 per viewer, they will earn $1 million for a million views. This income is exceptionally high compared to Youtube’s profit rates of about $5 for every 1 thousand views. Influencers will enjoy the maximum airing time and maximum value of their content.

Instagram and Whatsapp

Instagram has a current usage of 1 billion people every month. Whatsapp, a Facebook company product, also enjoys a wide adoption of close to 1.6 billion monthly active users. The two platforms enjoy wide usage because of their best features.

Instagram, for example, has the stories feature used by close to half of its users. Whatsapp gives the options of direct messages, audio, and video calls, all of which streamline communication. 

Stratus encrypts all communications; thus, all users interact freely without fearing leaks of their information. Aside from Instagram and WhatsApp features, Stratus will replace the platforms wholly.

Medium

Medium is a platform that allows users to post short articles about products. Various blockchain companies, including Apollo, use this venue. 

Stratus will embed services similar to medium. It gives bloggers and influencers a platform to post their articles and advertise their goods and services. The forum will have a broad reach; therefore, many will access and read the educational articles. These blogs will focus on everything from medicine, technology, finance, e.t.c. Stratus will have a significant impact on the education sector.

Twitter

Twitter, as a social media platform, has features partly unique to it. Among the features is the hashtag feature. Hashtags are standard functionalities that aid in social media campaigns. They are codewords that begin with the # symbol. Stratus will feature the hashtag functionalities, and thus users will readily engage in social media campaigns. 

Coinbase, Paypal, and Robinhood

Coinbase is currently one of the most popular crypto exchange platforms. Robinhood, on the other hand, gives users investment opportunities, including investment in gold and stock.

Stratus is reforming Coinbase by embedding a universal crypto exchange platform. The platform will allow any crypto users to exchange the cryptocurrency of their choice, including Apollo currency 24/7.

Apart from crypto investing, Stratus will offer fiat investment opportunities like Robinhood. Investors will get a chance of saving in stock, gold, and other assets. Unlike any other social media ecosystem, Stratus merges the features of PayPal to ease payments between individuals. 

Conclusion

Stratus, the blockchain social media ecosystem, will unveil in the 3rd quarter of 2020. The platform features functionalities of the currently existing social networking systems. The hashtags, stories, groups, events, articles, and other features will attract billions of people to the ecosystem.

Stratus will manage to replace the existing platforms by ending all issues clouding the current systems. These include censorship and data selling practices. Since the platform’s basis is on the blockchain, it will enjoy the best blockchain features, including adaptive forging and database level sharding. These algorithms will increase the scalability of the blockchain and ensure the fast completion of communications.

The Bitcoin Daily is one of the most reliable and leading portal about Technology News, Latest Updates, Financial News, Business and any all subjects related to technology and blockchain.

Continue Reading

Blockchain

Hashdex Unveils Innovative Dual Crypto ETF Targeting Bitcoin and Ethereum

Published

on

Hashdex Unveils Innovative Dual Crypto ETF Targeting Bitcoin and Ethereum

In a strategic move to capitalize on the growing interest in cryptocurrency investments, Hashdex has announced its plan to launch a new Hashdex Nasdaq Crypto Index US ETF, which will track both Bitcoin (BTC) and Ethereum (ETH).

On Tuesday, Nasdaq published the 19b-4 application for this groundbreaking ETF, marking a significant development in the crypto investment landscape. Unlike traditional ETFs that focus on a single cryptocurrency, Hashdex’s new offering aims to provide exposure to the two largest digital assets by market capitalization simultaneously.

The decision comes shortly after the SEC’s approval of Bitcoin Spot ETFs earlier this year and amidst ongoing evaluations of various 19b-4 applications for Ethereum Spot ETFs in May. This move positions Hashdex uniquely in the market, allowing investors to benefit from the potential of both BTC and ETH in a single investment vehicle.

Bloomberg expert Seyffart weighed in on the announcement, noting that a dual BTC and ETH ETF from Hashdex, weighted by market capitalization, is a logical progression in the evolving ETF landscape. While Hashdex opted not to pursue an Ethereum Spot ETF application alongside other major issuers, their focus on a hybrid ETF underscores their commitment to innovation and strategic diversification.

According to the application, the Hashdex Nasdaq Crypto Index US ETF will include cash holdings but refrain from incorporating additional cryptocurrencies. If approved, custodianship will be entrusted to industry leaders Coinbase and BitGo, with the SEC’s final decision expected by March 2025.

This initiative marks a significant milestone as the first US spot ETF application encompassing more than one cryptocurrency. Current plans allocate approximately 74% of the ETF’s portfolio to Bitcoin and 26% to Ethereum, reflecting the respective market capitalizations of these digital assets.

While similar investment products are already available in Europe, such as Bitpanda’s Bitpanda Crypto Index 5/10/25, which tracks the largest cryptocurrencies by market cap, Hashdex’s dual crypto ETF aims to provide US investors with a novel opportunity to diversify their crypto holdings within a regulated framework.

In summary, Hashdex’s innovative approach to launching a dual BTC and ETH ETF underscores the increasing integration of cryptocurrencies into traditional financial markets. As regulatory approvals progress, this ETF could pave the way for broader acceptance and adoption of digital assets among institutional and retail investors alike.

Continue Reading

Blockchain

Trader burns $340,000 in one minute with TrumpCoin

Published

on

Trader burns $340,000 in one minute with TrumpCoin

A Memecoin investor had to pay a heavy price for his mistakes. The trader lost over 340,000 US dollars in one minute. How the faux pas could have happened.

Memecoin Trader Loses Over $340,000 in a Minute Due to Fraudulent Transaction

A memecoin trader has reportedly lost more than $340,000 in less than a minute, according to the on-chain analysis service Lookonchain on X (formerly Twitter). The incident involved two transactions on Solscan, revealing a significant financial mishap.

On June 18, the trader attempted to exchange 2,500 SOL (approximately $342,000) for the newly launched TrumpCoin (DJT) using a trading bot. However, instead of receiving the legitimate DJT tokens, the trader was duped into obtaining 92,000 fake DJT tokens created by fraudsters. These fraudulent tokens were worth significantly less than the genuine ones.

The transaction took place through a “fake” liquidity pool on Raydium. This pool was not sufficiently funded and was filled with DJT tokens created by scammers. When the trader attempted to convert the DJT tokens back to Solana, the scam became evident. Unfortunately, by this point, it was too late, and the trader’s initial 2,500 SOL had dwindled to just under 5 SOL—a loss of over $340,000. For the fake DJT tokens, the trader received only $673.

The DeFi (decentralized finance) space is rife with such scams, where fraudsters set up fake liquidity pools to exploit traders’ mistakes. Some decentralized exchanges (DEXes) issue warnings to users about these scams, but trading bots typically do not provide such alerts. This lack of warnings is especially problematic with newly launched coins, where traders can easily fall into the trap of exchanging for the wrong tokens.

This incident highlights the perils faced by crypto investors beyond the usual price volatility. The affected trader remarked on X, “Life goes on,” reflecting a resigned acceptance of the loss.

Despite this unfortunate event, the world of memecoin trading has its success stories. Some traders have achieved remarkable profits in short periods. For instance, one trader became a millionaire in just five hours, while another made a profit of $9.5 million in ten days by trading the celebrity token MOTHER, associated with US rapper Iggy Azalea.

This stark contrast between potential gains and significant losses underscores the high-risk nature of the cryptocurrency market, particularly in the memecoin sector. Investors are reminded to exercise extreme caution and conduct thorough research before engaging in such trades.

Continue Reading

News

WEMIX3.0 welcomes Sygnum as Node Council Partner “WONDER 18”

Published

on

  • Sygnum will contribute its digital asset expertise and operational experience as a regulated bank to further enhance the reliability of the WEMIX3.0 Mainnet
  • The banking group will also participate in its protocol governance and contribute to the expansion of the WEMIX ecosystem

Leading global web3 developer Wemade is proud to announce that Sygnum, a global digital asset banking group, is joining the WEMIX3.0 Mainnet’s Node Council Partners as “WONDER 18”. The NCPs, known as 40 WONDERS (WEMIX On-chain Network of Decentralized Ecosystem Regulators), validate transactions and blocks on the blockchain, while maintaining connections with newly added nodes to ensure the stable operation of the Mainnet. Each new NCP, assigned a number between 1 and 40, plays a critical role in upholding the integrity and security of the WEMIX3.0 Mainnet.

Sygnum will contribute its digital asset expertise and operational experience as a regulated bank to further enhance the reliability of the WEMIX3.0 Mainnet, participate in its protocol governance and contribute to the expansion of the WEMIX ecosystem.

Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. It empowers professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. The Sygnum team enables this through institutional-grade security, expert personal service and a portfolio of regulated digital asset banking, asset management, tokenization and B2B services.

More information on Sygnum (www.sygnum.com) and 40 WONDERS (www.40wonders.wemix.com) can be found on their official websites.

About Wemade 

A renowned industry leader and innovator in game development, WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. WEMADE aims to accelerate the mass adoption of blockchain technology, and is building through its WEMIX subsidiary, an experience-based, platform-driven, and service-oriented mega-ecosystem that will offer access to a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. www.wemade.com / www.wemix.com/communication 

Continue Reading

Trending