Monthly Archives: January 2022

General

From ARPANET To INTERNET amp BEYOND Markethive Leading The Way In Web 3 Social amp Market Media

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From ARPANET To INTERNET & BEYOND

Markethive Leading The Way In Web 3 Social & Market Media

The term Web 3.0 with the benefits of its 3rd generation technology is widely considered to be the future of the internet and to break away from the centralized status quo. However, there have been heated debates of late with some claiming it will still be controlled by the venture capitalists and whales. They argue that the tech is still relatively centralized, slow, and unable to reach mass adoption. 

One of the few is the dubious Jack Dorsey, CEO of Twitter. You have to wonder what his motivation was for tweeting his opinion… 


Image source: Twitter

Dorsey’s tweet received a lot of attention, positive and negative. A lot of people in the Etherium and Defi communities bashed him for it because they viewed it as criticism aimed at Ethereum. Some also pointed out that Twitter's centralization and censorship are exactly why they're so bullish on Web 3. There are also a lot of VCS, Founders, and other crypto personalities who took issue with Jack’s statement.

In actuality, Web 3 is our best hope of breaking free from the centralized status quo and overlords. A reality where our data is harvested for profit by companies that willingly pull our access at a moment’s notice. Let’s revisit some of the histories of how the internet came to be and where we are today.

In The Beginning, The Internet Was Decentralized. 
Let’s go back in time to put it in perspective. The original internet plan was not to be centralized. In 1969, ARPANET was a project by the US Department of Defense to establish a computer data communications network that could withstand unforeseen events and disasters. Therefore, it must be decentralized so that if one part of the system fails, the rest can still function. It must be able to communicate using peer-to-peer interconnectivity without relying on a single computer. 

Initially, ARPANET benefited not just the military but also research institutes, so it had its origins in the academic community though it was a military project. The system slowly evolved, so it was not immediately adopted for commercial use. Instead, in the early 1980s, it was adopted by universities aimed at promoting research and education and was called the NSFNET project. 

The best way to do this was to use an interconnected network of computers that can provide a way to collaborate and share information. So the internet services were built on open protocols controlled by the internet community. There was no central authority, and every computer was independent of the other. If one server is not working, users can always dial up another server. 

By today’s standards, the organization of this protocol could be viewed as chaotic and inconvenient however it was decentralized. It was primarily unchartered and empty until the 1990s, before the technology pioneered by the ARPANET project became the backbone of the internet. A new galaxy of communication is ready to be explored and populated. 

Eventually, ARPANET and NSFNET would be decommissioned, thus paving the way for the commercialization of the internet. Notably, the term “Internet” was brought about by a blend of the words “interconnected” and “network” and thereby called the Internet ever since. 


Image source Hackernoon

 

From The ARPANET To The Internet. Web 1.0
In the ‘90s, Sir Tim Berners-Lee is credited with developing a linked system that became the World Wide Web with HTML and access to resources called websites. This allowed for the retrieval of all that information across the web. Web 1.0 is also called the static web and did have its limitations. It wasn’t user-friendly and was a one-way information highway. 

No algorithms could dynamically serve pages, and the web pages themselves were also elementary.

The functions that served the most purpose were email or real-time retrieval of news and the like. Users could not interact with the web pages, and applications were unheard of, so it was a Read-only internet. 

 

Web 2.0 – The Social And Centralized Internet
Around 2005 came the concept of Web 2. We saw a paradigm shift in how we used websites during this period through advancements in web technologies such as JavaScript, CSS, and HTML5. Interactive and rich websites started to increase. These web platforms would allow the user to generate their own content and be a much larger part of these websites as a whole. 

If Web 1 was a Read-only web, then Web 2 can be thought of as a Read-Write, where the users on these platforms were also fundamental to the content. As commercial interests grew along with internet use, many platforms emerged that became known as social media, and it was driven by innovations in technology, such as mobile phone apps. 

The emergence of cloud computing was also a virtual collection of servers that provided services to users. Companies that have flourished in the Web 2 environment include Facebook, now Meta, Google, YouTube, Twitter, Uber, etc.

These companies have generated trillions of dollars of value for their shareholders by effectively leveraging user data from billions of people worldwide. They've transformed the way we live our lives, from the way we order food to the way we hail rides, from the way we keep in touch to the way we pay online.

Unfortunately, society, by and large, has become overly dependent on these platforms, and when they move from “attract” to “extract,” their users, both individuals or businesses, suffer through lack of privacy and autonomy or platform risk, meaning, the platform has the power to destroy your business running on it. This conglomerate is predominantly a trillion-dollar digital advertising business, with ‘we the users’ as the product that fuels this machine. 

Essentially, Web 2 is owned by these companies, and they control the platforms and are the gatekeepers of all information. It is inherently centralized with these companies creating walled gardens of value that we can't participate in, and this is where Web 3 comes in.


Image source Hackernoon

 

So, How Centralized Is Web 2?
In order to best understand why Web 3 has so much potential, we have first to appreciate just how centralized Web 2 actually is. Currently, the web functions on what is called the client-server model. More specifically, when you want to visit a website, open a mobile app, or watch a video, you'll be requesting information from one centralized source. This is a server, and these are usually controlled by the company whose service you're using or the website you're visiting. 

This Server also contains all of the required data to make the website or service run. Data that is often comprised of our data and a centralized server controls even the process of finding that server. These are DNS or domain name service servers that act as the backbone for domain routing on the internet. Essentially, when you type a domain into your browser, the request is sent to a DNS server that will then tell your computer exactly where this information can be found. 

These DNS servers are usually controlled by another centralized group of companies including the likes of Google, AWS, Cloudflare, etc. What this means is that the internet is inherently centralized; everything that you do online, can effectively be limited by those who control those services. 

There are problems associated with this because it has a centralized point of failure; Centralized servers can go down, sometimes for extended periods of time. And in those times people can't access that data. There's not really much that you can do, given that these centralized servers contain all that user data and contain the code, which interacts with user clients, and those servers are incredibly lucrative to hack. Data theft is big business in cybercrime circles. 

You need to trust companies like Amazon that have your personal data to keep it safe. It’s a “trusted” system. There is also the risk that the data being sent to your devices could be compromised through software supply chain hacks. Hackers gain access to the provider’s server upstream of the software supply chain and insert malicious code. That's then passed down along the chain because the other participants trust that the software is safe. 

Then when it comes to the issue around the permissioned nature of Web 2, it's become a real issue when you're using services like Facebook, Instagram, Twitter, YouTube, PayPal, etc. You're only allowed to use them because they let you. 

They can restrict your use, or boot you off the platform at a moment's notice, without any explanation. De platforming has been going on for years now and there is very little that can be done by the user. 
 
The Web 2 social media and many Fortune 500 companies have developed their entire business models around monetizing our data. This value is not shared unless you're a shareholder. This centralization of control and value is the reason why people are dying for an alternative. 

 

Enter Web 3.0
Web 3.0 is the next generation of the internet which people envision will be more decentralized and permissionless. One that's built on decentralized protocols, where users help with content creation and the governance of the web itself. They also have the ability to own a part of the network, so you can think of it as a Read-Write-Own Internet. 

There are already several technologies that could serve as the backbone for a Web 3 world. Most point to blockchains like Elrond, Cardano, or Ethereum, for example, but other distributed technologies like  IPFS can also be used to decentralize networks. 

Thousands of dApps (decentralized applications) are already being built in the Web 3 environment. These often include native tokens to add value to the application to those who hold the tokens. These native crypto assets allow those who participate in the network to share in the value generated from it. 

Web 3 promises a decentralized alternative where we are all users, owners, and developers. This quote from Fabric Ventures sums it up beautifully, 

“Web 3.0 enables a future where distributed users and machines are able to interact with data, value, and other counterparties via a substrate of peer-to-peer networks without the need for third parties—the result: a composable human-centric & privacy-preserving computing fabric for the next wave of the web.”

 

Web 2 Verses Web 3
The main difference between Web 3 and the Web 2 era is that in Web 3, there are no centralized databases where you store the application state. In the case of blockchains, it's stored on a decentralized ledger where distributed nodes all agree on the state of the network. This article explains the architecture of Web 3 in more depth. 

The takeaway from Web 3 architecture is that the back-end infrastructure is inherently decentralized across nodes with the singular purpose of maintaining the network. If one of these nodes goes down, the network still runs. If one of these nodes is hacked, it doesn't affect the state or security of the broader network. 

Moreover, a distributed network is cryptographically secure. There is no way someone can underhandedly alter a smart contract code unless they have the keys. Any updates to the smart contract are time-stamped and immutably stored on the blockchain forever. 

The cryptographically secure nature of a decentralized blockchain means that you don't have to trust anyone with your data. You don't have to trust that they keep their service safe and that their apps won't have malicious components. The code is fully open-source and auditable for everyone to see. 

Furthermore, there is the ability to build on top and evolve to something better, as it is all open-source, with no need for third-party developer API access. What gets people so passionate about Web 3 is that you can shape the direction of these applications, and you can share in their success. Economically, Web 3 allows a system to flourish where participants can work together towards a common goal – network growth and token appreciation. 

There are pros and cons to a centralized Internet. The pros are that it has allowed the internet to expand due to the services provided by the ISP’s and also the popularity of social media platforms, convenience, and usability. 

Web 2 has transformed the way we view the world, but the cons are that it’s also enslaved us to a system that enriches a chosen few. Since it has been centralized, there is not much choice for users. A user’s access to the internet is at the mercy of their provider and the platform. This is a point of failure, not something the original internet was designed for.

 

Addressing Venture Capitalist Concerns. 
Let’s alleviate Jack Dorsey's concerns about VC money. The most reputable projects will have some reasonably strong vesting schedules for these tokens to make sure that these early-stage investors don't just dump the tokens on the open market. It serves neither the project nor the VC's purposes to trash the reputation of one of their investments by dumping on retail. 

And then, even when these tokens are unlocked, and these VCs can vote on protocol governance, they tend to have the same long-term goals as the retail investors who invest in the tokens and protocols. They want a long-term appreciation of the value of the tokens, and if they push through controversial proposals that drive down the adoption and value of the protocol, this will damage their long-term interests. 

The beauty is that everyone can share in the incentives, not just venture capitalists or shareholders. Decentralized technologies will trump the centralized status quo, whether in the case of finance with crypto or the entire internet with web 3, including social media and market networks. When a community comes together to build something that they all benefit from, it's destined to succeed.

 

Who Is Genuinely Challenging The Status Quo?
Markethive, the blockchain-driven ecosystem for entrepreneurs, has already successfully bypassed the centralized web services, like AWS and Microsoft, and operates on its own cloud system. The new login system Markethive has developed relinquished the need for 3rd party APIs that are potential vulnerabilities in Web 2 and threaten our freedoms. 

Currently, Markethive is expanding its cloud system, called Mining Hives, worldwide. This means all data about Markethive and its users will not be stored on servers owned and controlled by a centralized entity. 

Instead, it is a distributed database on the Markethive Blockchain with no single point of failure and no internet disruption or censoring by dictatorial authorities who may decide to shut off the internet. 

Web 3 gives us a better chance at building a more inclusive internet that respects all who use it. Decentralized networks can win the third era of the internet for the same reason they won the first era: by winning the hearts and minds of entrepreneurs and developers.

Web 3 is an opportunity to distribute the wealth amongst the rest of us generally paid only to shareholders. Markethive stands tall and is dedicated to delivering the emerging environment of Web 3 to its community; one of self and financial sovereignty.

Instead of acquiring a few significant venture capital investments, Markethive has made it possible for the community to obtain a stake in the company. Known as a convertible note, a small loan called an ILP is executed as a smart contract and acquired by upgrading to the early adopters' loyalty program, Entrepreneur One, for as little as $100 per month. 

For a limited time, there is a lucrative advantage to supporting Markethive with the E1 Upgrade, explained further in this blog by the CEO of Markethive. 

Markethive and Markethive Media is an international company that represents everyone and will play a prominent role in the re-invention of the social media and marketing space to preserve and nurture the entrepreneurial spirit. It’s empowering the community by integrating Blockchain and cryptocurrency in a decentralized environment. Markethive has no agenda, and its heart and soul are freedom, liberty, financial sovereignty, and entrepreneurialism. 

 

 

 

General

The Entrepreneur One ILP special

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Over the last 25 years we have created our own proprietary marketing, social network, newsfeed, video feed, blogging, curation systems and broadcasting technologies. We have built it for you, with you and by your support and contributions. With your continued contributions we will exit the beta phase and officially launch Markethive this year.

Boldly preparing us to take on the big three: Twitter, Facebook, and Linkedin.

The new main page dashboard is being rebuilt, and soon will come the wallet, the new lead page capture page system, a new tracking system, a stats page and all the other services redesigned to be extremely intuitive.

This is a major orchestra we are in the process of releasing this year. As an orchestra we will release parts of this every month. The Wallet and exchange are the highest priority and are eminent.

The support ticket system has been released and is being polished. Communities in Reddit, Youtube, Twitter, Bitcointalk and Telegram have been established and being grown and nurtured.

In the works the main page “Dashboard” with a multi-function newsfeed, including our new “Newsfeed:, the “Video Feed”, The “Blog Feed”, The “Curation Feed”, The “Store Fronts Feed”, The “Conference Rooms Feed”, and all new upgrades and interfaces for our Inbound Marketing Platform services like the email autoresponders; the Page maker system, Campaigns Management System, the shortened URLS, the rotator, the campaign co-op, the backlink tracker, etc.

A new tracking system and new statistics page is being added.

The new wallet will combine and integrate all the eco apparatuses within the system like Subscriptions, Payment History, Payment Methods and the Coin Clip. Reports will be available on the ILP notes that are held, those that were perks, those that were earned and those that were purchased, The Vault system will allow you to set thresholds so your Markethive Credits are always available for your monthly subscriptions and can be funded by Hivecoin (coming after the exchange and wallet releases), Bitcoin, Litecoin, Credit Cards and PayU.

We have already released our new membership registration and login system, that we developed and we own. No longer an API that are potential vulnerabilities as the WOKE phenomena spreads and manipulates and destroys your freedoms.

How you can be a significant help in bringing this all about. You can upgrade to the Entrepreneur One while it is still available. There are 2 restraints on the Entrepreneur One program, “Limited number and limited time”. Let me explain.

Instead of acquiring a few large venture capital investments, Markethive made the ability for you to acquire a stake in the company with a simple small loan known as a convertible note. See more about this at https://markethive.com/group/marketingdept/blog/ilp-projection-and-explanation .

We also added all the current and future advantages to this early adopter program. Like:
 

  1. All banner ad impressions are only allocated to the Entrepreneur One’s to use or sell in the Impressions exchange
     
  2. The Newsfeed Boost See more about it here https://markethive.com/group/marketingdept/blog/allabouttheboost is 50% off from the normal charge to all other members. But at discount and use it or resell it to standard members.
     
  3. The Press Release system. 150 unique crypto media sites. Monthly traffic 280 million, potential reach 250 million. Non-member budget $50,000 Entrepreneur budget 30% discount. 3rd party commission 20%
     
  4. Video ad network. Markethive will incorporate a gamified video ad system. Cost for a 30 second floating video ad $2.50 CPM 30% discounts for Entrepreneur One members. 3rd party commission 20%
     
  5. Sponsored articles published out to the Markethive WordPress Network. $250 per article, shared revenue with member WP sites. 30% discount for Entrepreneur One members
     
  6. Unlimited usage of the PagemakerLeadpages system. Similar systems sell for over $70 per month. IE: https://my.leadpages.com/
     
  7. Broadcasting across the social networks. Publish your blog, newsfeed article, video upload, etc. to Markethive’s social networks. Influence Marketing to our 500,000+ social followers @ $1500 per broadcast, 30% discount to Entrepreneur One members and 3rd party commission 20%
     
  8. Increased staking (interest paid out) on our Markethive credits for active Entrepreneur One members. Increased Hive Ranking for our Entrepreneur One members too.

These examples are here to illustrate the huge advantages we offer our early adopters and is limited to the first 500 accounts, and cuts off to new accounts, restored or additional accounts when the wallet is released.

The Entrepreneur One program was designed to get Markethive funded on a monthly basis while we continued development. So we made Entrepreneur One an early adopter advantage that will never be available as Markethive moves out of beta and into main stream launch.

Now more important than ever, is your support, so we can accelerate the building of our Exchange and the delivery of our future services in our new Dashboard system.

The wallet is eminent and nearing the announcement of being released. It’s release will be first to the Entrepreneur One’s

Again, I will continue to praise all of you for the incredible support you have demonstrated on this long amazing journey building this huge platform.

Praise the Lord.

Thomas Prendergast
CEO

As David boldly slayed Goliath, Markethive will slay the Tech Giants.

General

Felix Crisan – Head Of Research For The Elrond Network And Renegade Thinker For Technical Solutions

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Felix Crisan – Head Of Research For The Elrond Network And Renegade Thinker For Technical Solutions

IT Expert, Architect, Entrepreneur, Educator, with a Renegade Mindset  

 

Elrond's Head Of Research, Felix Crisan, is another feather in the cap of the evolving Romania-based Blockchain company. He is an integral part of a specialized team of hard-core engineers, entrepreneurs, and researchers, who have successfully redesigned the Blockchain infrastructure. 

Collectively, the team, including Co-founders, CIO, Lucian Mincu, and COO, Lucian Todea, has significant technical experience at Microsoft, Google, Intel, NTT DATA, 2 PhDs in CS & AI, multiple math, CS and AI, Olympiad champions, and blockchain backgrounds, with the CEO of Elrond, Beniamin Mincu previously involved with the NEM core team. In this article, Felix Crisan is center stage.

Elrond is setting new standards for performance in the Blockchain space with an innovative network scaling technology called Sharding, but with a difference. Sharding is a well-known concept for horizontal partitioning of databases which several companies are applying it to public Blockchains to increase their throughput capacity.

Elrond has gone one better by developing a cutting-edge form of state sharding named Adaptive State Sharding. It enables the network to rival centralized cloud networks without sacrificing blockchains' security and decentralization advantages. This, along with their Secure Proof of Stake consensus, makes Elrond a leader in the next generation of high-throughput Smart Contract platforms flourishing in the Blockchain ecosystem. 

 

About Felix Crisan 

Romanian-born Felix Crisan has a working experience of 20 years; all spent in Information Technology areas. Felix has been involved in many industries and in just as many roles, initially starting with being a researcher in quantitative aspects of social sciences. 

He was also a developer for "off the shelf" software and later games, then a solution consultant for major projects in big banks and telecom groups. He is an architect, supervising development and operations for the services he co-founded as an entrepreneur. These services ended up being market leaders in the territories where they are operated. 

 

Background And Career 

Felix attended the University of Bucharest, majoring in Computer Science and Mathematics in 1992, for five years. He went on to become a Computer Analyst and Chief Developer in 1997 at Cybersoft for three years.

In the next few years, he devoted his time to IBM as a Technical Solution Architect and Hewlett-Packard as a Telecom Industry Consultant. He found his entrepreneurial prowess in 2003 when he saw an opportunity to build an online and offline payment system and co-founded Netopia Payments, which operates the most prominent digital payment platform in Romania and the most extensive SMS aggregating service – web2sms.

The intersection of payments, big data, and distributed systems led him to Bitcoin and the Blockchain industry, where he Co-founded BTKO in 2015, Romania's first Bitcoin exchange platform. 

In his spare time, he teaches various topics, from fundamental web development techniques to big data concepts and technologies, including machine learning and artificial intelligence algorithms. Felix is also a Bitcoin Lightning Network contributor and organizer of Blockchain BigData meetups in Bucharest. 

 


Image source: Virtual Blockchain Summit. 

 

Felix Has Many Strings To His Bow

Apart from being Head of Research for Elrond, Felix is also currently the Co-founder and CTO of Netopia, mobilPay. Since April 2021, he has been co-founder and CTO of Ronin, a Bucharest-based Blockchain crowdfunding platform officially launched in December 2021 and accessible to small investors in Europe. The company's end goal is to be bureaucracy-free. 

In all of Felix's undertakings, it's clear that his solution-oriented concepts and input are designed with a humanitarian approach. He is passionate about new and innovative technologies and how they can enhance the lives of individuals and companies alike. 

With his fiery tweets regarding burning issues and aversion to the status quo, bankers and governments, he is doing his bit to help educate and improve the current state of the world. His Twitter feed indeed reveals that, tweeting:

So much double standards around CBDC initiatives: with "the others" it can be used to "…monitor users and exert control over global currency". When "our guys" are doing it, it's a fine piece of non-intrusive, democratic tech.

“The root and source of all monetary evil is the government’s monopoly on money,” said no banker ever. But Hayek did.

Who is Hayek? Hayek was a prominent social theorist and political philosopher of the 20th century, devoted to the free market. Friedrich Hayek believed that the prosperity of society was driven by creativity, entrepreneurship, and innovation, which were possible only in a society with free markets. In his view, markets create price signals and incentives to adapt and align the economy efficiently.


Image source: Twitter 

 

To understand more about what Felix Crisan is passionate about, watch this video where he discusses a wide range of topics, including adoption in Romania, custodial services and their disadvantages, the impact crypto will have on employment and value transfer, and China's crackdown on miners, the CBDC Yuan, regulatory burdens for Romanian crypto startups and more. 

 

Elrond Initiates Web3 Payment Revolution

Elrond's latest partnership with Utrust (a leading payment services provider) is another indication of their commitment and passion for leading in the digital transformation curve and easing the burden of businesses and existing payment methods. 

Dubbed "Merchant Yield," the power comes from its simplicity – accept crypto, and get paid in fiat. Any business can become a Web 3 Merchant and benefit as this will transform payment processing services from a cost for merchants into an income stream.


Image source: Twitter 

 

A Blessing For Humanity

With Elrond's consistent activity and the team's unwavering dedication, we can be assured they are in it for the long game and for the right reasons. A few benevolent companies are rising up and will not be intimidated by the elite corporations so desperately trying to control everything and everyone. 

Markethive aligns itself very closely with the ethos of Elrond. They are two separate entities working in synergy and independent of evil forces that have plagued the lives of the individuals, entrepreneurs, and companies that are locked into them. 

Elrond takes care of the decentralized Internet-scale Blockchain and financial operating system, the gateway for all businesses and citizens to reclaim their sovereignty and financial independence. 

Elrond is a complete rethinking of public blockchain infrastructure, specifically designed to be secure, efficient, scalable, and interoperable. Elrond's main contribution rests on two cornerstone building blocks that ensure long-term security and distributed fairness.

 

 

Markethive takes care of the decentralized social media, marketing, broadcasting network, and community. It is a place where privacy, freedom of speech, and autonomy are paramount. There is no agenda, no divisiveness, just acceptance. 

Markethive is a place where entrepreneurs can thrive, and individuals can feel a sense of belonging. It is a platform with the inbuilt opportunity for financial sovereignty, all without fear of being deplatformed, censored, or ridiculed.

We pay homage to the architects and engineers of these humanitarian projects that stand up in the face of tyranny and make it possible for every soul to have a haven and faith for a better, more sovereign future. 

It's not enough these days to be a critical thinker – one must be a renegade thinker to resist and rise above this unconscionable world, be true to oneself and be instrumental in the success of others.

As Felix Crisan states in his tweet,
"Everyone's afraid of the World War 3, but few noticed the War Web 3." 

 

 

References:
Elrond
Twitter
LinkedIn
Virtual Blockchain Summit 

 

 

General

HOW TO FARM MEX AND MAKE PROFIT

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Hi friends I will try to make this tutorial as simple as possible for everyone to understand.

So the first step is to have a wallet with EGLD   on it, if you don't have you can enter this link https://get.maiar.com/referral/gftqbhcrb6 , or use this code if you are registering from mobile app gftqhcrb6 and you will get 10 $ at the first EGLD acquisition of 200 $  worth of  EGLD.

The second step is to go to https://maiar.exchange and in the right corner, you have to press the Connect button and open your MAIAR WALLET select the mair wallet you have.

if you select the MAIAR APP you have to scan the QR Code and you will receive these messages

Ok that s was the easy part now let's teach you how to make money from your investment 

Goand press the Swap  Button , the swap function it  permitting us to change from two coins  directly from our MAIAR wallet

Select how much EGLD you want to change with MEX and then press Swap  after that you have to confirm your transaction ,after that if every think is allwright  transaction is done and will appear in the lower corner of the screen with green. Swap Complete 

Now we have to go Liquidity  and then press the + Add Liquidity  what we want to do is to add EGLD and MEX  in a liquidity pool   to receive som LP TOKENS  and on the MAIAR APP you will received to confirm the  3 transaction you have to confirm .

Now after this lets put to work  this LP TOKENS to work let go to  farms  and go the pool we just add liquidity

and we will press STAKE and confirm again in MAIAR APP and wait for transactions to be made 

Now you can see your APR -your MEX staked  and your MEX Earned

 

Thank you dear friends for reading my blog and I will come back with another article until next time I wish you all the best

 

General

What is MEX and what to do with him ???

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Dear friends, I am going to start a series of blogs,  in which I want to proudly talk about the ecosystem blockchain of Elrond and its advantages over others. 

       First I want to share with you the new exchange from Elrond  Maiar Exchange, or MEX for short,  this new exchange platform of the Romanian company Elrond Network, was launched on 19 November 2021 and presents a lot of opportunities for crypto investors. Those who know the Elrond world know that Maiar Wallet is a crypto wallet and a secure platform for payments or money transfer, Maiar is the first Romanian electronic wallet. This e-wallet is based on the Elrond blockchain. The big change is that Maiar is not only a simple wallet but an exchange with special functionalities. 

      The Maiar Exchange platform opens a new, significantly more efficient way to change peer-to-peer (P2P) value. Anyone will be able to trade digital assets and assets, instantly and at negligible costs. This is the beginning of a new era for digital finance,  said Benjamin Mincu, CEO of Elrond Network.

.

 

 Maiar has global coverage, except for countries with a crypto ban this e-wallet works on any phone, be it Android or iOS.

 

After this short introduction let's talk about what is MEX  and how you can you use Mex to make money .

MEX is a DEX, meaning it is a decentralized platform that will allow crypto trading at very low costs

MEX cryptocurrency is the basic currency of the exchange.604 million MEX coins (out of a total of one billion) were distributed to users between April and July, for 12 weeks, to those who owned the EGLD cryptocurrency as follows:

Week 1: 201,600,000 MEX
Week 2: 151,200,000 MEX
Week 3: 100,800,000 MEX
Week 4: 50,400,000 MEX
Week 5: 25,200,000 MEX
Week 6: 20,160,000 MEX
Week 7: 15,120,000 MEX
Week 8: 10,080,000 MEX
Week 9-12: 7,560,000 MEX
        The platform offers  the possibility to have cryptocurrencies at staking ensuring them a passive income.
The platform is entirely on the Elrond blockchain, which means that the exchange will benefit from the technology facilities like Very high speed , Maximum Security


Swapping means that you will be able to exchange one cryptocurrency for another. This mechanism is very simple. The moment you switch to EGLD in MEX, this conversion takes place inside the application in a Liquidity Pool and no other participants are involved, so the speed is extremely high.

 

What cryptocurrencies are available in MEX 
Since the launch of Maiar Exchange, 3-currency transactions (EGLD, MEX, BUSD, wUSDC) are available, and more currencies will be added.
 What are  Liquidity Pool
Liquidity pools are reserves of tokens available to users with whom they can swap. These tokens are also made available by certain users (a kind of Staking), and they will receive a percentage of the transaction fee, so a passive income. Users have the right to withdraw their 
coins from the liquidity pool at any time
.

Liquidity providers are incentivized for their contribution with rewards. When they make a deposit, they receive a new token representing their stake, called a liquidity pool token or LP token.

The share of trading fees paid by users who use the pool to swap tokens is distributed automatically to all liquidity providers, proportional to their stake size. There is a 0.3% fee for swapping tokens. The Maiar DEX economics model will be as follows: 0.3% will be the basic fee, from which 0.25% goes to the liquidity providers, and for the remaining 0.05% the contract will buy MEX from the EGLD/MEX pool and burn it.

Swapping fees are immediately deposited into liquidity reserves. This increases the value of liquidity tokens, functioning as a payout to all liquidity providers proportional to their share of the pool.

On Maiar DEX, LP tokens can also be staked in a staking pool specific to each liquidity pool so that even more rewards are earned in the form of MEX tokens , a liquidity provider will earn rewards from 2 streams: the fees from the LP and MEX for staking the LP token in a staking pool.

Keep in mind that the LP token is very important. In order to withdraw the stake in the liquidity pool, you need to provide the LP token.

Lets talk also about Farming

Farming is an incentive for users to store their coins in liquidity pools they generate yield for liquidity providers that stake the LP tokens. They are meant to incentivize long-term liquidity by providing an additional revenue stream for providers. The rewards for farms are usually provided in MEX tokens, but special farms with dual token rewards can exist. They can "block" their cryptocurrencies for a while and will benefit from commissions in MEX, a kind of interest

t.

Liquidity providers can use farms by staking the LP tokens obtained from providing liquidity in a pool. After doing this, MEX rewards will periodically become available for harvesting. The rewards can be locked for 1 year for 2x APR.

in the next blog  I will talk in detail how to farm MEX  ,I will explain in detail the whole procedure it will be like a short tutorial

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Lucian Todea Co-Founder And COO Of Elrond And Maiar -The Serial Entrepreneur And Humanitarian

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Lucian Todea Co-Founder And COO Of Elrond And Maiar – The Serial Entrepreneur And Humanitarian

The Serial Entrepreneur And Humanitarian Improving And Enriching People’s Lives.

Completing the trinity of co-founders at Elrond is Lucian Todea, bringing his skill set to the table serving as Chief Operating Officer (COO). He is the epitome of entrepreneurship and an active investor in startups and the Blockchain space, with more than 15 years of experience in technology-related businesses. This article will highlight Lucian Todea’s achievements and essential role at Elrond.

Who Is Lucian Todea?

Lucian Todea is an entrepreneur, angel investor, and technology industry executive with significant experience spanning operational practice, business development, general management, and leadership. With his international savoir-faire, he has many accolades to his name.

Working alongside Beniamin Mincu and Lucian Mincu, he complements the humanitarian ethos embedded in the Elrond culture and narrative.

Passionately cited by Lucian Todea,

“Technology was never about technology, but about improving and enriching people’s lives.” 


Image source: oradesibiu.ro

Lucian Todea’s Background And Career

Lucian Todea is from Sibiu, Romania, and attended The Bucharest University of Economic Studies for three years from 1999, specializing in Finance, Insurance, Banking, and Stock Exchange. In 2001, at the age of 21, Lucian launched his first website as a student, initially called softrom.ro, and was addressed exclusively to the online market in Romania. 

"I created Soft32.com out of passion and just to ensure an extra income during my student days, the initial investment being only $ 3 a month, which is the Internet connection subscription. I started with 200 programs, and now the number theirs is 100 times bigger ", stated Lucian Todea.

The portal was later renamed Soft32.com, and the English version was created to attract users globally. In 2002, Lucian decided to drop University to build and expand the Soft32 distribution platform. 

It consists of many software applications (freeware, trial, or shareware) for Windows PC and Linux, Unix, Mac, or Apple users. It is one of the most popular download platforms in the world. It has since become internationally renowned, and at its high point, Soft32 listed more than 150,000 apps and was visited by more than 10,000,000 users each month. 

As a result, Lucian took the first step towards entrepreneurship in 2003, launching the company ITNT, and is the company behind Soft32. After only three years of existence, ITNT has become one of the leading companies of its kind in the region. 

According to the Business Directory of Romania (2006, 2007, 2008, 2009, 2010, 2011, 2012), it is “a big player in the economy.” In 2014, and 2016, it was acknowledged by Deloitte Technology Fast 50 as one of the fastest-growing technology startups in the Middle East, Africa, and Europe, respectively. 

Lucian Todea- The Serial Entrepreneur and Angel Investor

Lucian is a serial tech entrepreneur and is actively involved in various other technology and blockchain projects. He is either a founder or partner in technology startups such as mobile payments (Mobilpay), travel (Travelgator), and mobile advertising (Mobaba).

As an angel investor, he invested in several companies, including;

  • Smartbill – The most used Romanian invoicing and accounting SaaS platform.
  • TypingDNA – (Techstars NYC'18 Company) offering typing biometrics and 2FA solutions for securing devices and web applications. 
  • Homefresh – The pioneer meal kit delivery service.
  • MPV Fund – A micro-financing business angel fund that targets the best tech startups in Romania. 

He is also a mentor, advisor, and member of MVP Academy, MVP Angels, TechAngels, VentureConnect, How to Web/Startup Spotlight, InnovationLabs, etc., and states on ICO Bench, “On my way to unlock the best version of myself.”

 


Image source: Turnul Sfatulu News

Lucian Todea – The Ironman

As Lucian was wholeheartedly focused on his career for many years, there was little time or inclination for exercise or sports. Twenty years prior, he was adept at swimming and athletics, but being sedentary for an extended period brought about a fundamental change, and in 2015, he decided to participate in marathons. 

Lucian became addicted to exercise again after successfully finishing a half marathon in 2015. He then competed and finished in the Half-Ironman in Barcelona in 2016 and went to the full Ironman in 2017 in Austria. 

From the time he ran his first marathon, it rekindled his love for sports, and it became clear to him he needed to keep moving and take on new challenges, more extensive and harder to reach. 

In a 2017 interview, Lucian said that the idea of preparing for something that seemed impossible was enough to motivate him to start training for Half-Ironman, then for Ironman. 

When asked how does he find the time, Lucian replied,

“Once exercise and sports are part of your daily routine, and you get to enjoy what you do, finding time is not such a big deal. Priorities change much easier if we really want to find the time.”


Image Source: Twitter 

Lucian is very active on Twitter and LinkedIn, keeping his followers updated with the latest acquisitions and partners to the Elrond Network, with a strong focus on The Maiar DEX and Maiar digital wallet and global payments app. 

Lucian Todea – The Empath

Although he is a lover and architect of emerging technology, his empathy towards the human factor drives him to create a human-centered system of self-sovereignty, data, and privacy protection. – A simple design and protocol for the regular person to understand and easy to use: the fewer steps one needs to perform, the better. 

Today, in our techno world, the internet and smartphones have become an essential part of living, but cyber security is an escalating problem that is alarming and overwhelming for most. Plus, the data giants relentlessly mine, harvest, and track users throughout their entire online experience and their movements in the physical world through the use of their mobile devices.

Free to use social media companies are renowned data-giants that control immense monopolized silos of user data valued at trillions of dollars of market capitalization of which is auctioned off to the highest bidder with little concern of how the information could be ultimately used to commit identity theft, stalking, or industrial espionage.  

Lucian believes the problem with the current status quo is that so few of the general populace understand the technology they are using. He believes education is key to expanding the technical literacy of the general public, so citizens can have a basic understanding of how the technologies around them operate. Not just so that they can use these tools to their full advantage but also so that others cannot take advantage of their technological ignorance and harm them. 

Lucian cited in his article,

“We have a literacy problem around the world, and it’s not the one most think of. It is the problem of technical literacy. In a world replete with gadgets, algorithms, computers, wearables, RFID chips, and smartphones, only a minute portion of the general population has any idea how these objects actually work.

Those who know how to code will hold power over those who don’t in the same way that those who could not read and write in the last centuries found their opportunities limited.” 

Elrond and Maiar address the issue designers of security products and systems have when communicating with their users. It’s a matter of having an intrinsic understanding of how people interact with computers and smartphones.  Lucian opines that new opportunities for innovation open up when you start the creative problem-solving process with empathy toward your target audience.

In the video below, Lucian Todea introduces the Maiar smartphone app designed to be simple and a completely reimagined way to interact with money. 

Lucian emphasizes, 

“We, at Maiar and Elrond, envision a future where your login is your wallet, that encapsulates your digital identity (and aliases), protecting your privacy by default and by design through a combination of multifactor authentication and biometrics and blockchain security and crypto-economics mechanisms.” 

Transitioning To A More Sovereign Web 3.0

Blockchain technology is the underlying infrastructure of cryptocurrencies and distributed data systems. The technology makes it possible to achieve a sovereign and autonomous landscape, and decentralized identity, not controlled by a centralized authority rampant with surveillance techniques, data harvesting, and tyrannical censorship. 

Lucian Todea and his team at Elrond and Maiar are committed to bringing an uncomplicated user interface, economic incentives, and a new wave of applications built focusing on empowering privacy and agency by default for every individual. Maiar and Elrond stand as foundational layers to accelerate the transition and be an active part of the solution. 

To transition to a new web era and solve the fundamental issues currently plaguing existing platforms, there needs to be a change in the basic structures we have in place, enabling a shift to more human-centric computing and the rise of the sovereign individual.

Lucian states,

“The rise of the sovereign individual can be achieved through a decentralized identity, the general idea being that users could store identity information on the blockchain, and their permission would be required for third parties to access it. This stands in contrast to the status quo, where data is held at countless third parties and regularly obtained without the user’s knowledge, much less consent. 

Permission-less programmability, compounding programmable and economic incentives, and strong underlying network effects governing blockchain architectures are the key elements that can be the building blocks of a new, better, and safer web. While it may be impossible to “live off the grid” in today’s modern world, we can, by all means, design a system that is much more protective.”

 

Claiming Back Our Privacy And Sovereignty

Both Elrond, as an internet-scale Blockchain and Markethive, the blockchain-driven social media, marketing, and broadcasting network for entrepreneurs, is concerned for those who suffer the economic and social harms from leaked data and lack of ownership of proprietary content. 

The massive amounts of data and information garnered by the tech giants have enormous consequences for the user. Information is being used in ways not disclosed initially or even worse to control our behavior and decisions. 

They say it’s to give us a better user experience. In fact, Facebook, Google, et al. are incentivized to gather an escalating amount of personally identifiable data and sell to thousands of data brokers globally at a profit. That is their business model, which is totally incongruent with public safety and security.

The immense amount of data they collect is worth much more than any advertising revenue and predominantly why engaging on their social media platforms is free to the user. A huge but precarious tradeoff, and for the tech giant, it’s all about the money and control. 

The interesting thing is that it’s estimated that each Facebook user worldwide only generates about $32 in ad revenue for the company per year. Why not send Facebook $32 in ad revenue? Then they could leave us alone. We could just as easily support internet companies or platforms with the goal to store as little personal data of ours as possible in exchange for small sums of cash or crypto. 

There is a fundamental mismatch between the fact that a central entity captures almost the entire value created by the community of users and that these users don’t receive any financial upside in return.

The risk of emerging digital dictatorships in which all power is concentrated in the hands of a few central entities is higher than ever. The critical thinkers want to prevent a dystopian future of surveillance capitalism and politics capable of knowing us better than ourselves and influencing our decisions. Plus, the centralized servers may withdraw their internet access to any company or individual that doesn’t maintain their narrative. 

The solution and key are to bypass the centralized entities with a blockchain-driven distributed database capable of minting cryptocurrency, thereby creating an ecosystem for the community. Empowering users with their own data and ways to earn crypto with applications built upon decentralized data networks will increase trust between the individual and the platform.  

This is precisely what Lucian Todea is working towards, along with the team at Elrond. Thanks to technology and humanitarian-centered architects creating a more sovereign and straightforward system for the people, platforms like Markethive and its community can exist and thrive, empowering the individual and keeping the entrepreneurial spirit alive, which is being eradicated by the ever-increasing dictatorship of the centralized overlords. 

 

References;
LinkedIn
Twitter
Maiar
Everipedia
Turnul Sfatului