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Quid

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The TechBeat: Lumoz's Quidditch Testnet Ends Successfully—Mainnet Launch Expected in Q4! (10/12/2024)

The TechBeat: Lumoz's Quidditch Testnet Ends Successfully—Mainnet Launch Expected in Q4! (10/10/2024)

The TechBeat: Lumoz's Quidditch Testnet Ends Successfully—Mainnet Launch Expected in Q4! (10/8/2024)

Dear Lumozers, We are thrilled to announce that the final round of the Lumoz Quidditch incentive testnet officially concluded on September 27 at 16:00 (UTC+8). This event, which began on August 27, lasted a month and attracted enthusiastic participation from regular users, outstanding project teams, zkVerifier nodes, developers, and more. Today, we are excited to share the remarkable achievements of the Quidditch testnet and provide details on the upcoming points redemption process, ensuring a smooth transition from the testnet to the future mainnet. Testnet Data Performance: Regular User Participation: 1,000,000+


Ecosystem Project Participation: 30+


Nodes Operated: 750+


License Staking: 58,000+


Verifications Submitted: 7,230,356


Total Community Size: 1,600,000+ The Quidditch incentive testnet introduced the Lumoz-developed Quidditch Bot TG game, allowing participants to enjoy the game while sharing a prize pool of 50 million esMOZ tokens. The event received support from over 30 top ecosystem projects, including OKX Wallet and Bitget Wallet, which provided generous rewards and designed unique tasks, greatly enhancing the user experience. In the core part of the event, participants operated verification nodes by staking tokens, experiencing the decentralized nature of the network firsthand. At the end of the event, the number of participating nodes reached 752, with 58,183 licenses staked and a total of 154,414 participants in the staking tests. The total number of verifications submitted was 7,230,356. These figures clearly demonstrate the stability and scalability of the Lumoz network. About Points Inquiry and Redemption This event released a total of 50 million points, with sources including points earned by exchanging through the Golden Snitch with magic stones, points from participating in ecosystem project tasks, and points earned from advanced tasks like node testing. We will distribute the points fairly based on participation, contribution, and task completion, ensuring that every point is treated fairly and transparently. Currently, participants in the game can check their points on the leaderboard within the Bot. Please note that the statistics for points earned from the other 25 ecosystem activities are still being finalized by the team and are expected to be completed by October 10. At that time, all users will be able to view their cumulative points from various stages via the official website link. Points Inquiry Portal：https://lumoz.org/lumoz-points Points redemption is also a top priority for everyone. According to the official documentation, 50 million points can be exchanged on a 1:1 basis for 50 million esMOZ. Holders of esMOZ will gain the right to participate in Lumoz ecosystem governance. To ensure ecosystem stability, the exchange rules between MOZ and esMOZ will have different ratios for various time periods. esMOZ will also have a reasonable lock-up period, and redemption can be canceled at any time. For detailed information on points distribution and token exchange progress, please stay tuned to Lumoz's social media and Discord community. Mainnet Launch: A New Chapter Awaits Lumoz, as a globally distributed modular computing network, provides users with a powerful, secure, and flexible computing platform. The uniqueness of this architecture not only enables Lumoz to deliver efficient performance but also allows for personalized solutions across various scenarios. In this context, the launch of the final round of the Quidditch testnet is particularly significant. In the first half of this year, Lumoz successfully completed its Pre-A round and strategic financing, totaling $14 million, with a new round of funding valued at up to $300 million. Participating institutions include OKX Ventures, HashKey Capital, KuCoin Ventures, Polygon, IDG Blockchain, and others, reflecting the capital market's optimism and expectations for Lumoz. This also provides Lumoz with stronger financial resources to maintain and innovate its technology and products. With the testnet activities concluded, the team is currently preparing for Lumoz's mainnet launch and TGE. The mainnet will inherit the excellent features of the testnet, including high performance, strong security, and good scalability. At the same time, we plan to deploy and support multiple Layer 2 solutions, further develop existing products like ZKFair and Merlin Chain, and introduce more Layer 2 chains to provide innovative solutions for various industries, driving progress across the entire blockchain ecosystem. Final Thanks and Outlook To date, Lumoz has successfully completed three rounds of testnets: Pre-Alpha, Alpha, and Quidditch. The success of these testnets is undoubtedly due to the contributions of every participant. Your enthusiasm, feedback, and suggestions are invaluable nutrients for Lumoz's growth. We would also like to extend our special thanks to the 200+ ecosystem partners and millions of community users who have supported us since Lumoz's inception. Based on our past successes, we believe that the launch of the Lumoz mainnet and TGE before the end of 2024 will achieve remarkable results! Let us join hands and witness the arrival of the zero-knowledge computing era, creating a bright future for Lumoz together! Dear Lumozers, We are thrilled to announce that the final round of the Lumoz Quidditch incentive testnet officially concluded on September 27 at 16:00 (UTC+8). This event, which began on August 27, lasted a month and attracted enthusiastic participation from regular users, outstanding project teams, zkVerifier nodes, developers, and more. Today, we are excited to share the remarkable achievements of the Quidditch testnet and provide details on the upcoming points redemption process, ensuring a smooth transition from the testnet to the future mainnet. Testnet Data Performance: Regular User Participation: 1,000,000+ Ecosystem Project Participation: 30+ Nodes Operated: 750+ License Staking: 58,000+ Verifications Submitted: 7,230,356 Total Community Size: 1,600,000+ Regular User Participation: 1,000,000+ Regular User Participation: 1,000,000+ Ecosystem Project Participation: 30+ Ecosystem Project Participation: 30+ Nodes Operated: 750+ Nodes Operated: 750+ License Staking: 58,000+ License Staking: 58,000+ Verifications Submitted: 7,230,356 Verifications Submitted: 7,230,356 Total Community Size: 1,600,000+ Total Community Size: 1,600,000+ The Quidditch incentive testnet introduced the Lumoz-developed Quidditch Bot TG game, allowing participants to enjoy the game while sharing a prize pool of 50 million esMOZ tokens. The event received support from over 30 top ecosystem projects, including OKX Wallet and Bitget Wallet, which provided generous rewards and designed unique tasks, greatly enhancing the user experience. In the core part of the event, participants operated verification nodes by staking tokens, experiencing the decentralized nature of the network firsthand. At the end of the event, the number of participating nodes reached 752, with 58,183 licenses staked and a total of 154,414 participants in the staking tests. The total number of verifications submitted was 7,230,356. These figures clearly demonstrate the stability and scalability of the Lumoz network. About Points Inquiry and Redemption This event released a total of 50 million points, with sources including points earned by exchanging through the Golden Snitch with magic stones, points from participating in ecosystem project tasks, and points earned from advanced tasks like node testing. We will distribute the points fairly based on participation, contribution, and task completion, ensuring that every point is treated fairly and transparently. Currently, participants in the game can check their points on the leaderboard within the Bot. Please note that the statistics for points earned from the other 25 ecosystem activities are still being finalized by the team and are expected to be completed by October 10. At that time, all users will be able to view their cumulative points from various stages via the official website link . leaderboard leaderboard the official website link the official website link Points Inquiry Portal ：https://lumoz.org/lumoz-points Points Inquiry Portal Points redemption is also a top priority for everyone. According to the official documentation, 50 million points can be exchanged on a 1:1 basis for 50 million esMOZ. Holders of esMOZ will gain the right to participate in Lumoz ecosystem governance. To ensure ecosystem stability, the exchange rules between MOZ and esMOZ will have different ratios for various time periods. esMOZ will also have a reasonable lock-up period, and redemption can be canceled at any time. For detailed information on points distribution and token exchange progress, please stay tuned to Lumoz's social media and Discord community . Lumoz's social media Lumoz's social media Discord community Discord community Mainnet Launch: A New Chapter Awaits Lumoz, as a globally distributed modular computing network, provides users with a powerful, secure, and flexible computing platform. The uniqueness of this architecture not only enables Lumoz to deliver efficient performance but also allows for personalized solutions across various scenarios. In this context, the launch of the final round of the Quidditch testnet is particularly significant. In the first half of this year, Lumoz successfully completed its Pre-A round and strategic financing, totaling $14 million, with a new round of funding valued at up to $300 million. Participating institutions include OKX Ventures, HashKey Capital, KuCoin Ventures, Polygon, IDG Blockchain, and others, reflecting the capital market's optimism and expectations for Lumoz. This also provides Lumoz with stronger financial resources to maintain and innovate its technology and products. With the testnet activities concluded, the team is currently preparing for Lumoz's mainnet launch and TGE. The mainnet will inherit the excellent features of the testnet, including high performance, strong security, and good scalability. At the same time, we plan to deploy and support multiple Layer 2 solutions, further develop existing products like ZKFair and Merlin Chain, and introduce more Layer 2 chains to provide innovative solutions for various industries, driving progress across the entire blockchain ecosystem. Final Thanks and Outlook To date, Lumoz has successfully completed three rounds of testnets: Pre-Alpha, Alpha, and Quidditch. The success of these testnets is undoubtedly due to the contributions of every participant. Your enthusiasm, feedback, and suggestions are invaluable nutrients for Lumoz's growth. We would also like to extend our special thanks to the 200+ ecosystem partners and millions of community users who have supported us since Lumoz's inception. Based on our past successes, we believe that the launch of the Lumoz mainnet and TGE before the end of 2024 will achieve remarkable results! Let us join hands and witness the arrival of the zero-knowledge computing era, creating a bright future for Lumoz together!

Lumoz's Quidditch Testnet Ends Successfully—Mainnet Launch Expected in Q4!

Lumoz‘ Quidditch-Testnetz erfolgreich beendet – Mainnet-Start im vierten Quartal erwartet!

La red de pruebas de Quidditch de Lumoz finaliza con éxito: ¡el lanzamiento de la red principal se espera para el cuarto trimestre!

Lumozin kvidditch-testiverkko päättyy onnistuneesti – Mainnet lanseerataan Q4:llä!

A Lumoz kviddics teszthálózata sikeresen véget ért – a Mainnet bevezetése a negyedik negyedévben várható!

Lumoz-ի Quidditch Testnet-ը հաջողությամբ ավարտվեց. Mainnet-ի գործարկումը սպասվում է 4-րդ եռամսյակում:

Lumoz の Quidditch テストネットが成功裏に終了 — メインネットのローンチは第 4 四半期に予定されています。

Lumoz's Quidditch Testnet желісі сәтті аяқталды — Mainnet іске қосылуы 4-тоқсанда күтілуде!

Testnet ya Quidditch ya Lumoz esili na malonga —Lancement ya Mainnet ezelamaki na Q4!

د Lumoz Quidditch Testnet په بریالیتوب سره پای ته ورسید — د مینیټ لانچ په Q4 کې تمه کیږي!

Metlobalový test spoločnosti Lumoz sa úspešne končí – spustenie siete Mainnet sa očakáva v 4. štvrťroku!

Rrjeti testues Quidditch i Lumoz-it përfundon me sukses—Pritet lançimi i rrjetit kompjuterik në tremujorin e katërt!

Лумоз-ова квидич тестна мрежа се успешно завршава—покретање главне мреже се очекује у четвртом кварталу!

Dear Wizards, We are thrilled to announce that after over two years and nearly 1,000 days of preparation, Lumoz is about to launch its third and final incentive testnet — the Lumoz Quidditch Match. This will be an unprecedented adventure. The Lumoz Quidditch Match officially started on August 27th, and we are offering 50 million Lumoz Points, equivalent to 50 million MOZ Tokens (with a 1:1 conversion rate), as rewards. This event is open to users worldwide and represents the last opportunity to participate before the Lumoz TGE (expected in Q4) and the mainnet launch! Start your journey here: lumoz.org/quidditch-join 1. Open the Magical Gate: Event Background and Prize Pool Lumoz is inspired by the 'Lumos' spell from Harry Potter and leverages revolutionary zk technology, symbolizing the power of zero-knowledge proofs to illuminate the blockchain world. To celebrate the launch of the final Quidditch testnet, we have prepared a generous prize pool: 50 million Lumoz Points (with a 1:1 conversion rate, equivalent to 50 million MOZ tokens) plus additional token support from several top-tier ecosystem projects, such as Merlin Token, Nubit, and Oribiter Points, among other incentives. To ensure fair participation for users worldwide, our event will last for one month. We encourage everyone to participate fully and deeply, and we also hope to receive valuable feedback during this period. The Lumoz team will continuously listen to the community and refine the product details, ensuring we are well-prepared for the mainnet launch! 2. Embark on a Magical Journey: Lumoz Quidditch Match Rules How can you participate? To make this event more engaging, the team has developed a special Telegram Bot. By visiting Lumoz's official event page, users can access the Telegram Bot, which serves as the gateway to the Quidditch Tournament. Upon entering this magical world, you will receive 200,000 Golden Snitches as a welcome gift. These shimmering Golden Snitches can be exchanged for valuable Lumoz Points at a set ratio. In short, users can earn more points by collecting Golden Snitches. You can also gather more Snitches by completing various tasks. In addition to basic tasks like following social media accounts and joining community groups, we’ve also designed advanced tasks for experienced wizards, such as staking nodes and claiming water. There are many ways to collect, so click here to explore further: lumoz.org/quidditch-join And don’t forget to try our Magic Wheel! You can invite friends or spend 200,000 Golden Snitches to spin for a chance to win more Snitches, ecosystem tokens, magic stones, badges, and even a zkVerifier node worth 532 USDT, among other exciting rewards. Dive into the step by step guide to learn how to play:https://docs.google.com/document/d/1BuLFr7pS9u04FLI6NMh3Q69J0e4c5_Z6Jkr89ZCApTE/edit#heading=h.8umgai1jbmjd 3. Friends of the Magical World: Collaboration with 30+ Ecosystem Projects In addition to the main event on Telegram, the Lumoz Quidditch Tournament adventure, we are honored to have top players from the blockchain world join us. Each partner has brought unique tasks and generous additional rewards to this grand event: OKX Wallet: As a leading cryptocurrency wallet in the industry, OKX Wallet enhances the magical powers of participants.
Bitget Wallet: As a globally leading one-stop trading crypto wallet, Bitget Wallet has designed challenging social tasks for wizards. Moreover, star projects like Coin98 Wallet, TokenPocket, Merlin, and Nubit have also joined our ranks. They will support the entire event, ensuring that every participant can enjoy their time in the magical world. At the Lumoz Quidditch sub-venues, each partner project has set up unique magical levels. Completing these levels not only earns Lumoz Points as rewards but also grants access to exclusive treasures from our partners, allowing adventurers to accumulate multiple token incentives in a single quest. 4. The Future is in Sight Previously, Lumoz successfully completed two rounds of incentive testnets, attracting 373,746 users, 28,137 validators, 145 PoW miners, and over 60 deployed ecosystem projects. This year, Lumoz has launched star products such as ZKFair and Merlin Chain, with plans to introduce more L2 chains in the future. In the first half of this year, Lumoz completed Pre-A and strategic funding rounds. To date, institutions such as OKX Ventures, HashKey Capital, KuCoin Ventures, Polygon, IDG Blockchain, NGC Ventures, Gate Ventures, MH Ventures, BWARE LABS, and Comma 3 Ventures have participated, raising a total of $14 million. Additionally, the team began node sales in June, which were met with market frenzy, with cumulative node sales exceeding 73,424 (out of a total of 100,000), and real-time FDV surpassing $150 million. Of course, the past is merely prologue! Lumoz plans to launch its mainnet and conduct the TGE by the end of this year. The Quidditch testnet is a crucial step for us to test our capabilities and empower the community. With Lumoz’s brilliance guiding us, we are sure to embark on an extraordinary adventure, experiencing Lumoz’s zk technology and earning rich points and token rewards! If you’re ready, let’s shout the spell together: Lumos Maxima! Dear Wizards, We are thrilled to announce that after over two years and nearly 1,000 days of preparation, Lumoz is about to launch its third and final incentive testnet — the Lumoz Quidditch Match. This will be an unprecedented adventure. The Lumoz Quidditch Match officially started on August 27th, and we are offering 50 million Lumoz Points, equivalent to 50 million MOZ Tokens (with a 1:1 conversion rate) , as rewards. This event is open to users worldwide and represents the last opportunity to participate before the Lumoz TGE (expected in Q4) and the mainnet launch! 50 million Lumoz Points, equivalent to 50 million MOZ Tokens (with a 1:1 conversion rate) Start your journey here : lumoz.org/quidditch-join Start your journey here Start your journey here : lumoz.org/quidditch-join lumoz.org/quidditch-join 1. Open the Magical Gate: Event Background and Prize Pool Lumoz is inspired by the 'Lumos' spell from Harry Potter and leverages revolutionary zk technology, symbolizing the power of zero-knowledge proofs to illuminate the blockchain world. To celebrate the launch of the final Quidditch testnet, we have prepared a generous prize pool: 50 million Lumoz Points (with a 1:1 conversion rate, equivalent to 50 million MOZ tokens) plus additional token support from several top-tier ecosystem projects, such as Merlin Token, Nubit, and Oribiter Points, among other incentives. To ensure fair participation for users worldwide, our event will last for one month. We encourage everyone to participate fully and deeply, and we also hope to receive valuable feedback during this period. The Lumoz team will continuously listen to the community and refine the product details, ensuring we are well-prepared for the mainnet launch! 2. Embark on a Magical Journey: Lumoz Quidditch Match Rules How can you participate? To make this event more engaging, the team has developed a special Telegram Bot. By visiting Lumoz's official event page, users can access the Telegram Bot, which serves as the gateway to the Quidditch Tournament. Upon entering this magical world, you will receive 200,000 Golden Snitches as a welcome gift. These shimmering Golden Snitches can be exchanged for valuable Lumoz Points at a set ratio. In short, users can earn more points by collecting Golden Snitches. You can also gather more Snitches by completing various tasks. In addition to basic tasks like following social media accounts and joining community groups, we’ve also designed advanced tasks for experienced wizards, such as staking nodes and claiming water. There are many ways to collect, so click here to explore further : lumoz.org/quidditch-join There are many ways to collect, so click here to explore further lumoz.org/quidditch-join And don’t forget to try our Magic Wheel! You can invite friends or spend 200,000 Golden Snitches to spin for a chance to win more Snitches, ecosystem tokens, magic stones, badges, and even a zkVerifier node worth 532 USDT, among other exciting rewards. Dive into the step by step guide to learn how to play:https://docs.google.com/document/d/1BuLFr7pS9u04FLI6NMh3Q69J0e4c5_Z6Jkr89ZCApTE/edit#heading=h.8umgai1jbmjd Dive into the step by step guide to learn how to play:https://docs.google.com/document/d/1BuLFr7pS9u04FLI6NMh3Q69J0e4c5_Z6Jkr89ZCApTE/edit#heading=h.8umgai1jbmjd Dive into the step by step guide to learn how to play: https://docs.google.com/document/d/1BuLFr7pS9u04FLI6NMh3Q69J0e4c5_Z6Jkr89ZCApTE/edit#heading=h.8umgai1jbmjd https://docs.google.com/document/d/1BuLFr7pS9u04FLI6NMh3Q69J0e4c5_Z6Jkr89ZCApTE/edit#heading=h.8umgai1jbmjd 3. Friends of the Magical World: Collaboration with 30+ Ecosystem Projects In addition to the main event on Telegram, the Lumoz Quidditch Tournament adventure, we are honored to have top players from the blockchain world join us. Each partner has brought unique tasks and generous additional rewards to this grand event: OKX Wallet: As a leading cryptocurrency wallet in the industry, OKX Wallet enhances the magical powers of participants. Bitget Wallet: As a globally leading one-stop trading crypto wallet, Bitget Wallet has designed challenging social tasks for wizards. OKX Wallet: As a leading cryptocurrency wallet in the industry, OKX Wallet enhances the magical powers of participants. Bitget Wallet: As a globally leading one-stop trading crypto wallet, Bitget Wallet has designed challenging social tasks for wizards. Moreover, star projects like Coin98 Wallet, TokenPocket, Merlin, and Nubit have also joined our ranks. They will support the entire event, ensuring that every participant can enjoy their time in the magical world. At the Lumoz Quidditch sub-venues, each partner project has set up unique magical levels. Completing these levels not only earns Lumoz Points as rewards but also grants access to exclusive treasures from our partners, allowing adventurers to accumulate multiple token incentives in a single quest. 4. The Future is in Sight Previously, Lumoz successfully completed two rounds of incentive testnets, attracting 373,746 users, 28,137 validators, 145 PoW miners, and over 60 deployed ecosystem projects. This year, Lumoz has launched star products such as ZKFair and Merlin Chain, with plans to introduce more L2 chains in the future. In the first half of this year, Lumoz completed Pre-A and strategic funding rounds. To date, institutions such as OKX Ventures, HashKey Capital, KuCoin Ventures, Polygon, IDG Blockchain, NGC Ventures, Gate Ventures, MH Ventures, BWARE LABS, and Comma 3 Ventures have participated, raising a total of $14 million. Additionally, the team began node sales in June, which were met with market frenzy, with cumulative node sales exceeding 73,424 (out of a total of 100,000), and real-time FDV surpassing $150 million. Of course, the past is merely prologue! Lumoz plans to launch its mainnet and conduct the TGE by the end of this year. The Quidditch testnet is a crucial step for us to test our capabilities and empower the community. With Lumoz’s brilliance guiding us, we are sure to embark on an extraordinary adventure, experiencing Lumoz’s zk technology and earning rich points and token rewards! If you’re ready, let’s shout the spell together: Lumos Maxima! Lumos Maxima!

Lumoz Quidditch Match is live! Claim 50 Million Points and 30+ top-tier ecosystem project rewards!

Lumoz Quidditch ተዛማጅ በቀጥታ ነው! የይገባኛል ጥያቄ 50 ሚሊዮን ነጥቦች እና 30+ ከፍተኛ-ደረጃ የስነ-ምህዳር ፕሮጀክት ሽልማቶችን!

Lumoz Quidditch ukan anatäwipax uñt'ayatawa! ¡50 Millones de Puntos ukat 30+ proyecto ecosistema de alto nivel ukan premios ukanakap mayiñamawa!

Матч Lumoz па квідытчу ў прамым эфіры! Атрымайце 50 мільёнаў балаў і больш за 30 узнагарод экасістэмнага праекта вышэйшага ўзроўню!

¡El partido de quidditch de Lumoz ya está en marcha! ¡Reclama 50 millones de puntos y más de 30 recompensas de proyectos del ecosistema de primer nivel!

Lumoz Quidditch Match zuzenean da! Erreklamatu 50 milioi puntu eta goi mailako ekosistema proiektuen 30 sari baino gehiago!

Lumoz Quidditch Match ap viv! Reklame 50 milyon pwen ak plis pase 30 rekonpans pwojè ekosistèm ki pi wo!

A Lumoz kviddics meccs élőben! Szerezzen 50 millió pontot és 30+ felső szintű ökoszisztéma projekt jutalmat!

Lumoz クィディッチ マッチが始まりました! 5,000 万ポイントと 30 以上のトップ レベルのエコシステム プロジェクト報酬を獲得しましょう!

Lumoz Quidditch Match ຖ່າຍທອດສົດແລ້ວ! ຮັບ 50 ລ້ານຄະແນນ ແລະ 30+ ລາງວັນໂຄງການລະບົບນິເວດຊັ້ນນໍາ!

Ntlangu wa Lumoz Quidditch wu le ku hanyeni! Koxa 50 wa Timiliyoni ta Tinhla na 30+ wa hakelo ya phurojeke ya ikhosisteme ya xiyimo xa le henhla!

Lumoz Quidditch میچ لائیو ہے! 50 ملین پوائنٹس اور 30+ اعلی درجے کے ایکو سسٹم پروجیکٹ کے انعامات کا دعوی کریں!

Lumoz Quidditch Match jonli efirda! 50 million ball va 30 dan ortiq yuqori darajadagi ekotizim loyihasi mukofotlarini talab qiling!

The HackerNoon Mobile App just . Download it on the Apple App Store and Google store . launched here here Hey Hackers! Your HackerNoon experience matters to us, and we'd love to hear your thoughts! We're on a mission to make our even better, and your review on the app store can make a world of difference. Plus, there's a little something extra in it for you! newly launched app Meet HackerNoon's Review Contest ✨ Our contest aims to show appreciation toward those of you who keep supporting HackerNoon year after year, helping us grow and giving us a reason to keep improving. Now that our mobile app is live, we need your support more than ever, this time in the app store review form! Three good reasons why you should review our app: 🎉 Leave us a review on the app store, and you'll be entered into a draw to win $1000 - HackerNoon's special thank you note. Chance to Win $$$: Share your experiences, what you love about the app, and even your suggestions for improvements. Your feedback guides us in crafting an app that's tailored to you. 🗣️ Your Voice Matters: 💥 Your review helps fellow readers discover the magic of HackerNoon, making it easier for them to embark on their own reading adventures. Spread the Love: How to Enter: on your chosen app store – click to be directed to the Google App Store and for the Apple App Store. ( Find HackerNoon here here REQUIRED) Share your thoughts and experiences – your honest feedback means the world to us. Leave a Review: ( REQUIRED) After leaving your review, screenshot it and send it to monica@hackernoon.com Snap & Send: (REQUIRED) Each of these individual actions will boost your chance by at least 1 more entry! Increase Your Chances: Share your screenshot on your socials with the hashtag #hackernoonmobile, tag HackerNoon ( ) we are everywhere as @hackernoon Tag 3 friends (or more) on these posts. Each friend counts as 1 entry! Comment on this post. Tag your friends too. Each friend count as 1 entry! Comment on . Tag your friends too. Each friend count as 1 entry! our launch post Upvote us on Product Hunt. Here’s launch link Comment on said Product Hunt . It counts as 1 additional entry! launch Following these steps ensures you're in the run for the $1000 prize! The more optional steps you take, the more entries are entered. We need to verify that it’s you so it’s highly important that you email us with your review screenshot, and any other additional steps you take. Thank you for being a part of the HackerNoon community. Here's to a chance to win some amazing coins and shape the future of your reading adventure! Remember: Our contest has been extended and now ends November 11 and winner will be chosen at random. A review on the app store is a must, but any optional step you take will increase your chance of winning. Good luck! Contest ends October 11

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We're thrilled to announce the forthcoming Lumoz’s esMOZ airdrop, distributed to all sorts of contributors! This milestone wouldn't have been possible without the dedication and contributions of our vibrant community. Over the last two years, our community has supported Lumoz through key phases: the Pre-Alpha testnet engaged 87,567 active participants, the Alpha testnet attracted 286,179 followers, and participation in the Quidditch testnet exceeded one million. These numbers underscore the community’s strong support and trust in Lumoz. Your contributions have driven invaluable feedback, strengthening Lumoz’s technical foundation and shaping our ecosystem's growth. This airdrop is our way of expressing gratitude for your continued support and is a significant step toward our journey into the next chapter. Airdrop Rules Airdrop Inquiry Link: https://lumoz.org/airdrop Lumoz Tokens have a total supply of 10 billion, with 10% (1 billion esMOZ tokens) dedicated to this airdrop. Based on our recent valuation, this represents a value of approximately $30 million. The exchange rate for esMOZ to MOZ will be 1:1, and the exchange will follow an unlocking schedule as detailed in our official documentation (https://docs.lumoz.org/). As the largest airdrop in Lumoz's history, it will target early adopters, Lumoz PoW & node holders, ecosystem contributors, and active participants from ecosystems like ETH, Celestia, and the Move Ecosystem. Detailed Eligibility Criteria: Early Lumoz Participants:  Lumoz Point holders will receive esMOZ on a 1:1 basis for points held. Users with over 500 points will also receive bonus esMOZ airdrops.


Lumoz PoW Testnet Participants: From November 5 to December 5, Lumoz will host ZK mining on the testnet. Participants will earn esMOZ airdrops proportional to MOZ test tokens mined during this period. Updated rewards will be available on the airdrop page.


Lumoz zkVerifier Node Holders:  Holders of the Lumoz zkVerifier License, as captured in the October 26 snapshot, are eligible for airdrops.


Lumoz Ecosystem Users: This includes users of Lumoz RaaS services in projects like Merlin Chain, ZKFair, Ultiverse, and Matr1x. Active users in these ecosystems will receive direct airdrops, visible on the official airdrop page starting November 5. This portion of the airdrop will consist of two parts: The first part will be directly airdropped to active addresses in the ecosystem, which can be checked on the Lumoz official airdrop page starting November 5. The second part will be airdropped to users participating in ecosystem-related activities. After the events conclude, the esMOZ earned through participation will be updated on the Lumoz official airdrop page. Please follow official updates from each ecosystem for specific activity times. Active Users in Ecosystems like ETH, Celestia, and Move: Eligible users include: Participants interacting with major DeFi projects in ETH, including Ethereum, Polygon, and Arbitrum over the past six months.


Significant stakers in the Celestia network. Active users engaging with leading DeFi projects in Move, primarily Aptos and Sui, within the past six months. Please note that the airdrop inquiry period will last one month, during which, specific claim details will be announced. NFT Activity Coming Soon After obtaining esMOZ, users are naturally most concerned about the exchange rules. Lumoz's official documentation has previously stated that the exchange ratio between esMOZ and MOZ is 1:1, although there will be a certain unlocking period. While this setup is designed for Lumoz's long-term development, there have been voices in the community expressing a desire for an earlier unlocking. We value the feedback from every community user, which is why we have introduced an NFT section that will allow users to directly exchange a certain amount of esMOZ for MOZ. NFTs will be set at different levels, with each level offering varying esMOZ exchange limits. In the future, NFTs will also support free circulation, allowing users to exchange according to their needs for flexible asset management. We will announce the rules for obtaining NFTs shortly, so stay tuned! This airdrop marks just the beginning for Lumoz. Follow our official Twitter for updates and stay informed on our journey forward. About Lumoz Lumoz is a leading modular computing layer and ZK-RaaS platform, delivering computation for Rollups, ZK-ML, and ZKP verification through its PoW mining system. Earlier this year, Lumoz completed its Pre-A funding round, raising $14 million with backing from prominent investors like OKX Ventures, HashKey Capital, KuCoin Ventures, Polygon, and IDG Blockchain. With over 1.5 million users, 200+ projects, 28,137 validators, and 145 PoW miners engaged, Lumoz’s mainnet is set to launch by year’s end. We're thrilled to announce the forthcoming Lumoz’s esMOZ airdrop, distributed to all sorts of contributors! This milestone wouldn't have been possible without the dedication and contributions of our vibrant community. Over the last two years, our community has supported Lumoz through key phases: the Pre-Alpha testnet engaged 87,567 active participants, the Alpha testnet attracted 286,179 followers, and participation in the Quidditch testnet exceeded one million. These numbers underscore the community’s strong support and trust in Lumoz. Your contributions have driven invaluable feedback, strengthening Lumoz’s technical foundation and shaping our ecosystem's growth. This airdrop is our way of expressing gratitude for your continued support and is a significant step toward our journey into the next chapter. Airdrop Rules Airdrop Inquiry Link: https://lumoz.org/airdrop https://lumoz.org/airdrop https://lumoz.org/airdrop Lumoz Tokens have a total supply of 10 billion, with 10% (1 billion esMOZ tokens) dedicated to this airdrop. Based on our recent valuation, this represents a value of approximately $30 million. The exchange rate for esMOZ to MOZ will be 1:1, and the exchange will follow an unlocking schedule as detailed in our official documentation ( https://docs.lumoz.org/ ). https://docs.lumoz.org/ As the largest airdrop in Lumoz's history, it will target early adopters, Lumoz PoW & node holders, ecosystem contributors, and active participants from ecosystems like ETH, Celestia, and the Move Ecosystem. Detailed Eligibility Criteria: Detailed Eligibility Criteria: Early Lumoz Participants:  Lumoz Point holders will receive esMOZ on a 1:1 basis for points held. Users with over 500 points will also receive bonus esMOZ airdrops. Lumoz PoW Testnet Participants: From November 5 to December 5, Lumoz will host ZK mining on the testnet. Participants will earn esMOZ airdrops proportional to MOZ test tokens mined during this period. Updated rewards will be available on the airdrop page. Lumoz zkVerifier Node Holders:  Holders of the Lumoz zkVerifier License, as captured in the October 26 snapshot, are eligible for airdrops. Lumoz Ecosystem Users: This includes users of Lumoz RaaS services in projects like Merlin Chain, ZKFair, Ultiverse, and Matr1x. Active users in these ecosystems will receive direct airdrops, visible on the official airdrop page starting November 5. This portion of the airdrop will consist of two parts: Early Lumoz Participants:  Lumoz Point holders will receive esMOZ on a 1:1 basis for points held. Users with over 500 points will also receive bonus esMOZ airdrops. Early Lumoz Participants:  Lumoz Point holders will receive esMOZ on a 1:1 basis for points held. Users with over 500 points will also receive bonus esMOZ airdrops. Lumoz PoW Testnet Participants: From November 5 to December 5, Lumoz will host ZK mining on the testnet. Participants will earn esMOZ airdrops proportional to MOZ test tokens mined during this period. Updated rewards will be available on the airdrop page. Lumoz PoW Testnet Participants: From November 5 to December 5, Lumoz will host ZK mining on the testnet. Participants will earn esMOZ airdrops proportional to MOZ test tokens mined during this period. Updated rewards will be available on the airdrop page. Lumoz zkVerifier Node Holders:  Holders of the Lumoz zkVerifier License, as captured in the October 26 snapshot, are eligible for airdrops. Lumoz zkVerifier Node Holders:  Holders of the Lumoz zkVerifier License, as captured in the October 26 snapshot, are eligible for airdrops. Lumoz Ecosystem Users: This includes users of Lumoz RaaS services in projects like Merlin Chain, ZKFair, Ultiverse, and Matr1x. Active users in these ecosystems will receive direct airdrops, visible on the official airdrop page starting November 5. This portion of the airdrop will consist of two parts: Lumoz Ecosystem Users: This includes users of Lumoz RaaS services in projects like Merlin Chain, ZKFair, Ultiverse, and Matr1x. Active users in these ecosystems will receive direct airdrops, visible on the official airdrop page starting November 5. This portion of the airdrop will consist of two parts: The first part will be directly airdropped to active addresses in the ecosystem, which can be checked on the Lumoz official airdrop page starting November 5. The first part will be directly airdropped to active addresses in the ecosystem, which can be checked on the Lumoz official airdrop page starting November 5. The second part will be airdropped to users participating in ecosystem-related activities. After the events conclude, the esMOZ earned through participation will be updated on the Lumoz official airdrop page. Please follow official updates from each ecosystem for specific activity times. The second part will be airdropped to users participating in ecosystem-related activities. After the events conclude, the esMOZ earned through participation will be updated on the Lumoz official airdrop page. Please follow official updates from each ecosystem for specific activity times. Active Users in Ecosystems like ETH, Celestia, and Move: Eligible users include: Active Users in Ecosystems like ETH, Celestia, and Move: Eligible users include: Participants interacting with major DeFi projects in ETH, including Ethereum, Polygon, and Arbitrum over the past six months. Significant stakers in the Celestia network. Participants interacting with major DeFi projects in ETH, including Ethereum, Polygon, and Arbitrum over the past six months. Participants interacting with major DeFi projects in ETH, including Ethereum, Polygon, and Arbitrum over the past six months. Significant stakers in the Celestia network. Significant stakers in the Celestia network. Active users engaging with leading DeFi projects in Move, primarily Aptos and Sui, within the past six months. Please note that the airdrop inquiry period will last one month, during which, specific claim details will be announced. Active users engaging with leading DeFi projects in Move, primarily Aptos and Sui, within the past six months. Please note that the airdrop inquiry period will last one month, during which, specific claim details will be announced. NFT Activity Coming Soon NFT Activity Coming Soon After obtaining esMOZ, users are naturally most concerned about the exchange rules. Lumoz's official documentation has previously stated that the exchange ratio between esMOZ and MOZ is 1:1, although there will be a certain unlocking period. While this setup is designed for Lumoz's long-term development, there have been voices in the community expressing a desire for an earlier unlocking. We value the feedback from every community user, which is why we have introduced an NFT section that will allow users to directly exchange a certain amount of esMOZ for MOZ. NFTs will be set at different levels, with each level offering varying esMOZ exchange limits. In the future, NFTs will also support free circulation, allowing users to exchange according to their needs for flexible asset management. We will announce the rules for obtaining NFTs shortly, so stay tuned! This airdrop marks just the beginning for Lumoz. Follow our official Twitter for updates and stay informed on our journey forward. About Lumoz About Lumoz Lumoz is a leading modular computing layer and ZK-RaaS platform, delivering computation for Rollups, ZK-ML, and ZKP verification through its PoW mining system. Earlier this year, Lumoz completed its Pre-A funding round, raising $14 million with backing from prominent investors like OKX Ventures, HashKey Capital, KuCoin Ventures, Polygon, and IDG Blockchain. With over 1.5 million users, 200+ projects, 28,137 validators, and 145 PoW miners engaged, Lumoz’s mainnet is set to launch by year’s end.

Lumoz Unveils esMOZ Airdrop Details

Lumoz revela detalles del lanzamiento aéreo de esMOZ

Lumoz Devwale Detay Airdrop esMOZ

A Lumoz bemutatja az esMOZ Airdrop részleteit

Lumoz svela i dettagli dell'airdrop esMOZ

LumozがesMOZエアドロップの詳細を発表

Lumoz បង្ហាញព័ត៌មានលម្អិត esMOZ Airdrop

Lumoz onthult esMOZ Airdrop-details

Lumoz ujawnia szczegóły zrzutu esMOZ

Lumoz Desvela esMOZ Airdrop Detalles

Lumoz zbulon detajet e esMOZ Airdrop

Lumoz тафсилоти esMOZ Airdrop-ро ошкор мекунад

Lumoz esMOZ Airdrop tafsilotlarini ochib beradi

Crypto regulation in the world continues to change rapidly. Financial authorities realize that banning cryptocurrencies does nothing and are changing their approaches. In addition to regions with developed crypto regulation (US, EU, UAE, LatAm, etc.), the situation is also changing in emerging markets in Asia and Africa. There is a strong demand for cryptocurrency transactions, and their volumes are extremely high. In this article, I have gathered a few countries in Asia and Africa where regulations have improved this year: Turkiye, Indonesia, Thailand, Taiwan, Seychelles, Nigeria, and South Africa. I emphasize that these countries do not exhaust the list—there are certain movements in India, Kenya, the Philippines, and other major markets. But for now, the main developments are taking place in the countries listed below. By the way, I have created a world map of crypto regulation. There are now over 140 countries, and you can always see the details there. Turkiye In June 2024, the Turkish Parliament adopted “Amendments on the Capital Markets Law” which form a new crypto regulations landscape in the country. The Capital Market Board of Turkiye (SPK) will manage Crypto Asset Service Providers (“CASP”). Already 76 firms are registered by SPK. We can consider the adoption of this law positive for the industry. After the ban on crypto payments in Turkiye, there were concerns about possible restrictions on the operations of foreign exchanges. However, these concerns were not justified—the new law allows subsidiaries of foreign crypto exchanges to operate in the country, provided they open a subsidiary legal entity and undergo registration. One more thing that is changing in Turkiye - new crypto tax initiatives will be postponed up to next year. However, the basic principle that probably will be implemented: gains from crypto assets will be taxed as intangible assets Moreover, registered CASPs should transfer 2% of their annual revenue to SPK and Turkish digital agency TÜBİTAK. Adopting cryptocurrency regulation was one of FATF's 40 conditions to remove Turkey from the gray list where the country fell in 2021. And it worked - FATF removed Turkiye from the list this year, which is another positive factor for conducting operations in this country - despite certain risks. South Africa South Africa is the second crypto market in Africa. Last year, its regulator, the Financial Service Conduct Authority (FSCA), started licensing procedures for local crypto entities. This year, by 30 June, 138 companies had received the regulator’s approval. These are good numbers comparable to developed jurisdictions. They indicate both the demand for operations in SA and the fact that the regulator treats applicants quite loyally - only 5 rejections of applications and about 200 are still under consideration. However, local individuals are subject to tax control as part of new regulations. Licensed exchanges have already passed on user data to the South Africa Revenue Service (SARS), which sends out inquiries. In the statement published on 9th October, SARS noted that most taxpayers avoid declaring their crypto operations. Thailand The Kingdom of Thailand has taken a big step toward crypto this year by launching a local Bitcoin ETF. The new Prime Minister of Thailand Paetongtarn Shinawatra is pro-crypto as her predecessor Srettha Thavissin and has stated that “the government will continue its flagship digital wallet policy”. Tough regulations modeled on Japan are gradually softening - evidenced by issuing a license to Binance through a local partner and Zipmex’s plans to issue the country's first crypto card. Recently, the Thai SEC presented new regulations allowing mutual and private funds to invest in crypto legally. Last but not least - Thailand's second-largest bank, Kasikornbank, will launch the first licensed crypto custodian in the country. Seychelles On September 1st, the VASP Act came into force in the Seychelles, which is a very popular offshore zone for crypto operations. The Seychelles were for a long time, an easy jurisdiction to set up a company for crypto operations. Now, the regulatory regime of the island nation has moved closer to the Caymans and the British Virgin Islands. All cryptocurrency companies operating in the Seychelles must register as VASPs by December 31 this year. It has also become mandatory for crypto companies to have a physical presence on the island. Among other things, companies must now: Have a physical office.
Employ a minimum of two managers.
Not engage in mining activities; mixers are also prohibited from operating. The new law is likely to have a positive impact on crypto entities operating in the country as their activity will become more transparent. The adoption of legislation for the crypto business worldwide is inevitable. Taiwan Taiwan updated its rules for crypto entities this year. The FSC (local SEC) tightened AML requirements for the industry. Also, foreign exchanges operating in the region without a license will also be blocked. In early October, the regulator introduced a new regime for VASPs operating in the country. Each crypto entity operating in Taiwan will have to register by September 2025, this is a long period - VASP operators will have a full year, which is a fairly comfortable deadline. By the way, there has been an advancement along the line of dialog between regulators and businesses—the VASP association of Taiwan was established in the summer. Indonesia Indonesia will change the crypto regulator at the end of this year: in 2025, Bappetti (the local CFTC) will give these functions to OJK (the local SEC). This update can make virtual asset policy more certain. Besides, the current trend in Indonesia is to soften tight restrictions adopted in previous years, such as crypto transaction tax. Also, more entities are getting licenses there—recently, Binance’s partner, Tokocrypto, was fully approved to operate in the country. Moreover, the OJK has prepared a crypto sandbox regime for operating entities that will be implemented next year, called the Financial Sector Technological Innovation (“FSTI”) law. This legislation applies to the whole fintech sector including virtual assets. So, it is likely that next year, we will see more companies with approval from OJK after the procedure becomes more certain —so far, there are only three licensed entities now. The OJK also plans to change regulations for crypto taxation in Indonesia, but it remains unclear what the regulator’s plans are exactly. Currently, crypto traders on local exchanges are obligated to pay income tax on transactions (0.01%) and VAT (0.11%). The current approach to crypto regulation globally is to abolish VAT for cryptocurrency transactions, as the UAE did this month. That’s why VAT is likely to be abolished in Indonesia, but the value of income tax may increase. Nigeria Today, it is Africa's largest crypto market. High inflation in the country stimulates demand on crypto. Previously, authorities tried to ban the circulation of cryptocurrencies—this was the position of the Central Bank. This year, foreign exchanges, including Binance, were banned from operating in Nigeria. An employee of the latter, Tigran Gambaryan, is still under investigation. However, a more sensible approach to regulation has prevailed again this year and is actively promoted by the local SEC. Two local exchanges Quidax and Busha have recently received licenses under new regulations - Accelerated Regulatory Incubation Program (ARIP). This regulatory regime also distinguishes other types of crypto entities: Digital Asset Custodian and Digital Asset Offereng Platform. Five more crypto companies were licensed as these types of entity: Trovotech, Wrapped CBDC, Dream City Capital, Housing Exchange.NG and Blockvault Custodian. Conclusion The fact that even in markets with very conservative regulators there are moves towards legalizing cryptocurrency transactions can be assessed very positively. Of course, this trend is not very strong yet and more time is needed for the efforts of regulators and market participants in this direction to yield results. If you are interested in getting more crypto insights, you can watch the global crypto regulation rating here and get updates on my X account. Crypto regulation in the world continues to change rapidly. Financial authorities realize that banning cryptocurrencies does nothing and are changing their approaches. In addition to regions with developed crypto regulation (US, EU, UAE, LatAm, etc.), the situation is also changing in emerging markets in Asia and Africa. There is a strong demand for cryptocurrency transactions, and their volumes are extremely high. In this article, I have gathered a few countries in Asia and Africa where regulations have improved this year: Turkiye, Indonesia, Thailand, Taiwan, Seychelles, Nigeria, and South Africa. I emphasize that these countries do not exhaust the list—there are certain movements in India, Kenya, the Philippines, and other major markets. But for now, the main developments are taking place in the countries listed below. By the way, I have created a world map of crypto regulation. There are now over 140 countries, and you can always see the details there. Turkiye Turkiye In June 2024, the Turkish Parliament adopted “Amendments on the Capital Markets Law” which form a new crypto regulations landscape in the country. The Capital Market Board of Turkiye (SPK) will manage Crypto Asset Service Providers (“CASP”). Already 76 firms are registered by SPK. adopted adopted We can consider the adoption of this law positive for the industry. After the ban on crypto payments in Turkiye, there were concerns about possible restrictions on the operations of foreign exchanges. However, these concerns were not justified—the new law allows subsidiaries of foreign crypto exchanges to operate in the country, provided they open a subsidiary legal entity and undergo registration. One more thing that is changing in Turkiye - new crypto tax initiatives will be postponed up to next year. However, the basic principle that probably will be implemented: gains from crypto assets will be taxed as intangible assets postponed postponed Moreover, registered CASPs should transfer 2% of their annual revenue to SPK and Turkish digital agency TÜBİTAK. Adopting cryptocurrency regulation was one of FATF's 40 conditions to remove Turkey from the gray list where the country fell in 2021. And it worked - FATF removed Turkiye from the list this year, which is another positive factor for conducting operations in this country - despite certain risks. South Africa South Africa South Africa is the second crypto market in Africa. Last year, its regulator, the Financial Service Conduct Authority (FSCA), started licensing procedures for local crypto entities. This year, by 30 June, 138 companies had received the regulator’s approval. These are good numbers comparable to developed jurisdictions. They indicate both the demand for operations in SA and the fact that the regulator treats applicants quite loyally - only 5 rejections of applications and about 200 are still under consideration. However, local individuals are subject to tax control as part of new regulations. Licensed exchanges have already passed on user data to the South Africa Revenue Service (SARS), which sends out inquiries. In the statement published on 9th October, SARS noted that most taxpayers avoid declaring their crypto operations. statement statement Thailand The Kingdom of Thailand has taken a big step toward crypto this year by launching a local Bitcoin ETF. The new Prime Minister of Thailand Paetongtarn Shinawatra is pro-crypto as her predecessor Srettha Thavissin and has stated that “the government will continue its flagship digital wallet policy”. stated stated Tough regulations modeled on Japan are gradually softening - evidenced by issuing a license to Binance through a local partner and Zipmex’s plans to issue the country's first crypto card. Recently, the Thai SEC presented new regulations allowing mutual and private funds to invest in crypto legally. Last but not least - Thailand's second-largest bank, Kasikornbank, will launch the first licensed crypto custodian in the country. presented presented Seychelles On September 1st, the VASP Act came into force in the Seychelles, which is a very popular offshore zone for crypto operations. The Seychelles were for a long time, an easy jurisdiction to set up a company for crypto operations. Now, the regulatory regime of the island nation has moved closer to the Caymans and the British Virgin Islands. All cryptocurrency companies operating in the Seychelles must register as VASPs by December 31 this year. It has also become mandatory for crypto companies to have a physical presence on the island. Among other things, companies must now: Have a physical office. Employ a minimum of two managers. Not engage in mining activities; mixers are also prohibited from operating. Have a physical office. Employ a minimum of two managers. Not engage in mining activities; mixers are also prohibited from operating. The new law is likely to have a positive impact on crypto entities operating in the country as their activity will become more transparent. The adoption of legislation for the crypto business worldwide is inevitable. Taiwan Taiwan Taiwan updated its rules for crypto entities this year. The FSC (local SEC) tightened AML requirements for the industry. Also, foreign exchanges operating in the region without a license will also be blocked. In early October, the regulator introduced a new regime for VASPs operating in the country. Each crypto entity operating in Taiwan will have to register by September 2025, this is a long period - VASP operators will have a full year, which is a fairly comfortable deadline. By the way, there has been an advancement along the line of dialog between regulators and businesses—the VASP association of Taiwan was established in the summer. Indonesia Indonesia will change the crypto regulator at the end of this year: in 2025, Bappetti (the local CFTC) will give these functions to OJK (the local SEC). This update can make virtual asset policy more certain. Besides, the current trend in Indonesia is to soften tight restrictions adopted in previous years, such as crypto transaction tax. Also, more entities are getting licenses there—recently, Binance’s partner, Tokocrypto, was fully approved to operate in the country. Moreover, the OJK has prepared a crypto sandbox regime for operating entities that will be implemented next year, called the Financial Sector Technological Innovation (“FSTI”) law. This legislation applies to the whole fintech sector including virtual assets. So, it is likely that next year, we will see more companies with approval from OJK after the procedure becomes more certain —so far, there are only three licensed entities now. The OJK also plans to change regulations for crypto taxation in Indonesia, but it remains unclear what the regulator’s plans are exactly. Currently, crypto traders on local exchanges are obligated to pay income tax on transactions (0.01%) and VAT (0.11%). The current approach to crypto regulation globally is to abolish VAT for cryptocurrency transactions, as the UAE did this month. That’s why VAT is likely to be abolished in Indonesia, but the value of income tax may increase. Nigeria Today, it is Africa's largest crypto market. High inflation in the country stimulates demand on crypto. Previously, authorities tried to ban the circulation of cryptocurrencies—this was the position of the Central Bank. This year, foreign exchanges, including Binance, were banned from operating in Nigeria. An employee of the latter, Tigran Gambaryan, is still under investigation. However, a more sensible approach to regulation has prevailed again this year and is actively promoted by the local SEC. Two local exchanges Quidax and Busha have recently received licenses under new regulations - Accelerated Regulatory Incubation Program (ARIP). This regulatory regime also distinguishes other types of crypto entities: Digital Asset Custodian and Digital Asset Offereng Platform. Five more crypto companies were licensed as these types of entity: Trovotech, Wrapped CBDC, Dream City Capital, Housing Exchange.NG and Blockvault Custodian. Conclusion Conclusion The fact that even in markets with very conservative regulators there are moves towards legalizing cryptocurrency transactions can be assessed very positively. Of course, this trend is not very strong yet and more time is needed for the efforts of regulators and market participants in this direction to yield results. The fact that even in markets with very conservative regulators there are moves towards legalizing cryptocurrency transactions can be assessed very positively. Of course, this trend is not very strong yet and more time is needed for the efforts of regulators and market participants in this direction to yield results. If you are interested in getting more crypto insights, you can watch the global crypto regulation rating here and get updates on my X account . here X account

Indonesia, Turkiye, Nigeria and Other Emerging Crypto Markets in 2024

Imagine trying to buy Bitcoin, only to find yourself frustrated at every turn. For Buchi Okoro, this wasn't just an inconvenience—it was the spark that ignited a fintech revolution. As Nigeria rides the crest of Africa's crypto wave, Okoro's brainchild, Quidax, stands tall as the nation's first SEC-licensed crypto exchange. But how does a journey through real estate, investment banking, and even fashion lead to reshaping Africa's digital economy? In this exclusive interview, Okoro peels back the layers of his entrepreneurial odyssey, revealing the grit, innovation, and vision propelling Africa into the global crypto spotlight. Buckle up as we dive into a world where traditional finance collides with blockchain technology, and a new financial frontier emerges in the heart of Africa. Ishan Pandey: Hi Buchi Okoro, it's a pleasure to welcome you to our 'Behind the Startup' series.  Could you elaborate on what inspired you to build Quidax? Buchi Okoro: First of all, thank you for having me… Now, to answer your question. Quidax started off the back of a negative experience I had when I tried buying Bitcoin a couple of years ago. Similarly, one of my co-founders, who was a developer at the time, had been receiving BTC from his employer, but had no way to convert it to naira. So, we saw these challenges in the Nigerian crypto market and were inspired to provide a solution. Ishan Pandey: Your journey spans diverse industries like real estate, investment banking, fashion, and logistics. How did these experiences shape your entrepreneurial vision, particularly in founding Quidax? Buchi Okoro: One thing tying all of my experiences is money, finance. Whether it is, how do you intelligently finance real estate projects in an economy where all purchase is 100% down payment or a fashion retailer participating in global commerce and getting paid (it was near impossible back then). Through these experiences it was easy to see how crypto can help solve a lot of these problems and bridge the financial gap between Africa and the rest of the world. Ishan Pandey: How has the Nigerian SEC played a pivotal role in supporting Quidax’s growth, especially as the first SEC-licensed crypto exchange in Nigeria? Buchi Okoro: First of all, I’d like to commend the SEC for cooperating with us to set a solid foundation for cryptocurrency growth and adoption in Nigeria. The licence highlights the potential of the crypto industry in Nigeria, averting any negative sentiment that may have existed prior. Now, more Nigerians can explore due to the regulators’ involvement. Ishan Pandey: What do you believe will be the impact of Quidax on Nigeria’s economy, especially with more people using cryptocurrency for everyday transactions? Buchi Okoro: Nigeria already established itself as Africa’s top crypto economy. Now that more people will potentially turn to crypto for investments and other reasons, the broader economy will benefit from crypto through employment opportunities, research in blockchain, investment and people trading crypto. So, many of the new market entrants, who are going to likely be beginners, will have a platform that holds their hands as they navigate the crypto space. Ishan Pandey: What do you think is the ideal regulatory approach to ensure crypto innovation while protecting consumers? Buchi Okoro: I think the best approach is dialogue. Like we’ve been doing with the regulators, clear guidelines around crypto trading and investing are important. These with effective consumer protection measures will make the sector transparent, secure, and safe for all the involved parties. Ishan Pandey: How do you think the emergence of a regulated crypto exchange like Quidax can influence other African nations’ stance on cryptocurrency? Buchi Okoro: Nigeria is often regarded as the giant of Africa and is one of the largest crypto markets in the world. A crypto exchange like Quidax getting regulated by the authorities is a clear message that the African crypto landscape is evolving. Ultimately, other neighbouring countries will catch up with the trend and we’ll likely see more regulated African crypto exchanges. Ishan Pandey: What role do you see Quidax playing in bridging the gap between traditional finance and decentralised finance (DeFi) in Africa? Buchi Okoro: As a centralised exchange that adheres to regulatory standards, Quidax can provide traditional investors who are cautious about regulatory issues an avenue to access the decentralised finance market securely and legitimately. These investors can also find opportunities to trade various traditional and decentralised currencies. Ishan Pandey: What advice would you give to African entrepreneurs looking to build in the cryptocurrency space? Buchi Okoro: It's still Day 1 and various opportunities remain untapped. As the regulatory landscape evolves it is time to build impactful cryptocurrency projects that solve real-world problems and we are ready to partner with startups and entrepreneurs looking to create these solutions. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Imagine trying to buy Bitcoin, only to find yourself frustrated at every turn. For Buchi Okoro, this wasn't just an inconvenience—it was the spark that ignited a fintech revolution. As Nigeria rides the crest of Africa's crypto wave, Okoro's brainchild, Quidax, stands tall as the nation's first SEC-licensed crypto exchange. But how does a journey through real estate, investment banking, and even fashion lead to reshaping Africa's digital economy? In this exclusive interview, Okoro peels back the layers of his entrepreneurial odyssey, revealing the grit, innovation, and vision propelling Africa into the global crypto spotlight. Buckle up as we dive into a world where traditional finance collides with blockchain technology, and a new financial frontier emerges in the heart of Africa. Ishan Pandey: Hi Buchi Okoro, it's a pleasure to welcome you to our 'Behind the Startup' series.  Could you elaborate on what inspired you to build Quidax? Ishan Pandey: Hi Buchi Okoro, it's a pleasure to welcome you to our 'Behind the Startup' series.  Could you elaborate on what inspired you to build Quidax? Ishan Pandey: Hi Buchi Okoro, it's a pleasure to welcome you to our 'Behind the Startup' series.  Could you elaborate on what inspired you to build Quidax? Buchi Okoro: First of all, thank you for having me… Buchi Okoro: Now, to answer your question. Quidax started off the back of a negative experience I had when I tried buying Bitcoin a couple of years ago. Similarly, one of my co-founders, who was a developer at the time, had been receiving BTC from his employer, but had no way to convert it to naira. So, we saw these challenges in the Nigerian crypto market and were inspired to provide a solution. Ishan Pandey: Your journey spans diverse industries like real estate, investment banking, fashion, and logistics. How did these experiences shape your entrepreneurial vision, particularly in founding Quidax? Ishan Pandey: Your journey spans diverse industries like real estate, investment banking, fashion, and logistics. How did these experiences shape your entrepreneurial vision, particularly in founding Quidax? Ishan Pandey: Your journey spans diverse industries like real estate, investment banking, fashion, and logistics. How did these experiences shape your entrepreneurial vision, particularly in founding Quidax? Buchi Okoro: One thing tying all of my experiences is money, finance. Whether it is, how do you intelligently finance real estate projects in an economy where all purchase is 100% down payment or a fashion retailer participating in global commerce and getting paid (it was near impossible back then). Through these experiences it was easy to see how crypto can help solve a lot of these problems and bridge the financial gap between Africa and the rest of the world. Buchi Okoro: Ishan Pandey: How has the Nigerian SEC played a pivotal role in supporting Quidax’s growth, especially as the first SEC-licensed crypto exchange in Nigeria? Ishan Pandey: How has the Nigerian SEC played a pivotal role in supporting Quidax’s growth, especially as the first SEC-licensed crypto exchange in Nigeria? Ishan Pandey: How has the Nigerian SEC played a pivotal role in supporting Quidax’s growth, especially as the first SEC-licensed crypto exchange in Nigeria? Buchi Okoro: First of all, I’d like to commend the SEC for cooperating with us to set a solid foundation for cryptocurrency growth and adoption in Nigeria. The licence highlights the potential of the crypto industry in Nigeria, averting any negative sentiment that may have existed prior. Now, more Nigerians can explore due to the regulators’ involvement. Buchi Okoro: Ishan Pandey: What do you believe will be the impact of Quidax on Nigeria’s economy, especially with more people using cryptocurrency for everyday transactions? Ishan Pandey: What do you believe will be the impact of Quidax on Nigeria’s economy, especially with more people using cryptocurrency for everyday transactions? Ishan Pandey: What do you believe will be the impact of Quidax on Nigeria’s economy, especially with more people using cryptocurrency for everyday transactions? Buchi Okoro: Nigeria already established itself as Africa’s top crypto economy. Now that more people will potentially turn to crypto for investments and other reasons, the broader economy will benefit from crypto through employment opportunities, research in blockchain, investment and people trading crypto. Buchi Okoro: So, many of the new market entrants, who are going to likely be beginners, will have a platform that holds their hands as they navigate the crypto space. Ishan Pandey: What do you think is the ideal regulatory approach to ensure crypto innovation while protecting consumers? Ishan Pandey: What do you think is the ideal regulatory approach to ensure crypto innovation while protecting consumers? Ishan Pandey: What do you think is the ideal regulatory approach to ensure crypto innovation while protecting consumers? Buchi Okoro: I think the best approach is dialogue. Like we’ve been doing with the regulators, clear guidelines around crypto trading and investing are important. These with effective consumer protection measures will make the sector transparent, secure, and safe for all the involved parties. Buchi Okoro: Ishan Pandey: How do you think the emergence of a regulated crypto exchange like Quidax can influence other African nations’ stance on cryptocurrency? Ishan Pandey: How do you think the emergence of a regulated crypto exchange like Quidax can influence other African nations’ stance on cryptocurrency? Ishan Pandey: How do you think the emergence of a regulated crypto exchange like Quidax can influence other African nations’ stance on cryptocurrency? Buchi Okoro: Nigeria is often regarded as the giant of Africa and is one of the largest crypto markets in the world. A crypto exchange like Quidax getting regulated by the authorities is a clear message that the African crypto landscape is evolving. Ultimately, other neighbouring countries will catch up with the trend and we’ll likely see more regulated African crypto exchanges. Buchi Okoro: Ishan Pandey: What role do you see Quidax playing in bridging the gap between traditional finance and decentralised finance (DeFi) in Africa? Ishan Pandey: What role do you see Quidax playing in bridging the gap between traditional finance and decentralised finance (DeFi) in Africa? Ishan Pandey: What role do you see Quidax playing in bridging the gap between traditional finance and decentralised finance (DeFi) in Africa? Buchi Okoro: As a centralised exchange that adheres to regulatory standards, Quidax can provide traditional investors who are cautious about regulatory issues an avenue to access the decentralised finance market securely and legitimately. These investors can also find opportunities to trade various traditional and decentralised currencies. Buchi Okoro: Ishan Pandey: What advice would you give to African entrepreneurs looking to build in the cryptocurrency space? Ishan Pandey: What advice would you give to African entrepreneurs looking to build in the cryptocurrency space? Ishan Pandey: What advice would you give to African entrepreneurs looking to build in the cryptocurrency space? Buchi Okoro: It's still Day 1 and various opportunities remain untapped. As the regulatory landscape evolves it is time to build impactful cryptocurrency projects that solve real-world problems and we are ready to partner with startups and entrepreneurs looking to create these solutions. Buchi Okoro: Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: business blogging program business blogging program

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