Wednesday, December 1, 2021

WOW! 1ST WITHDRAWAL OF ONE OF MY INVESTORS WHO EARNED 29.01%/ $574.50/ P29,018.31 AFTER 24 DAYS IN JOINING HARMONY ONE DEFIKINGDOMS NFT GAMES

 WHAT’S UP GUYS!  THIS IS COACH ROLLY FROM CRYPTOSMART.

#HarmonyOne #DefiKingdoms #CryptoSmart

21 NOV. 2021, SUNDAY @ 6:57PM 

EPISODE 5: VLOG TITLE:

              

WOW NA WOW! 1ST WITHDRAWAL OF ONE OF MY INVESTORS WHO EARNED 29.01%/ $574.50/ P29,018.31 FOR UNLOCK JEWEL W/ A CAPITAL OF $2,000/ P100K AFTER 24 DAYS IN JOINING HARMONY ONE DEFIKINGDOMS NFT GAMES.


STATUS: ACTIVE ACCOUNT STARTED FROM 28 OCT. TO 21 NOV. 2021 (24 DAYS)


CAPITAL: $2,000 or PHP100,000


FARMING DURATION: 24 DAYS DURATION (28 OCT.- 21 NOV. 2021)


HARVESTED FROM GARDEN: (1USD=PHP50.51)


UNLOCK JEWEL: 59.72 JEWEL X $9.62/ Jewel = $574.50/ P29,018.31/ 29.01%

LOCKED JEWEL: 187.42 JEWEL x $9.62/Jewel= $1,802.98/ P91,068.54/ 91.06%


TOTAL NET PROFIT: 247.14 JEWEL X $9.62= $2,377.48/P120,086.85/ 120.08%


(NOTE: UNLOCKED JEWEL CAN BE WITHDRAWN ANYTIME BUT THE LOCKED JEWEL CAN BE WITHDRAWN AFTER 51 EPOCHS (1 EPOCH=7 DAYS, 1,800.43 BLOCK/HR.X 24hX 7d = 302,473.84 BLOCKS/WEEKX 51Epochs= 55.426M BLOCKS) TO UNLOCK BUT ACCORDING TO DEFIKINGDOMS WEBSITE IT IS RELEASED BEFORE/ON 15 JULY, 2022 PRO-RATED UP TO 12 MONTHS).


RATIO ANAYSIS: (24 DAYS EARNING)

$2,000/ P100,000 – P29,018.31

$20,000/ P1M- P290,183.10

$200,000/P10M- P2.90M


OUTLINE


1) HARMONY ONE TOKEN (RANK#55, Diluted Market Cap: $3.93 B USD) – Is the Fastest Token in the world today to produce (2sec/block) beating ALL the 14,546 Coins/Tokens listed in the Coinmarketcap.com. 


• HOT PROJECT: DEFIKINGDOMS NON-FUNGIBLE TOKEN/ASSET (NFT) ONLINE GAMES.


1. GARDEN AND BANK.

2. BUY HEROES TO DO ACTIVITIES/JOIN IN WAR GAMES OR TASKS 2GET REWARD.



• DEVELOPERS: (SEE THEIR LINK OF THEIR VLOG https://youtu.be/t9P3ybiW-h0 )


Stephen Tse – PhD Security and Protocol from University of Pennsylvania.


Rongjian Lan- Infra Engineer of Google Play store, graduated ComScie Univ. of Bejing and Candidate for Doctoral in ComScie in Uni. Of Maryland College Park.


Sahil Diwan- Harvard Business School. Founder Ad-Tech. President – Blockchain and Cryptocurrency Club at Harvard.


Nick White- Master EE/In charge of Artificial Intelligence from Stanford University.


And other 21 Developers who worked from BBC, Amazon, Ebay, FB and Microsoft.



• ECOSYSTEM AND PARTNERS: BINANCE, LEDGER, HOUBI, METAMASK, MATHWALLET, SUSHISWAP, DEVINCI, TRAVALA, BLIZ, CHAINLINK, EDGEWARE, THE GRAPH, GNOSI SAFE AND API 13.



• ROAD MAP (See at Website: http://harmony.one)



• GRANT $300M TO DECENTRALIZE AUTONOMOUS ORGANIZATION (DAO) The decentralized autonomous organization (DAO) was a system created by a group of developers to automate decision-making and facilitate cryptocurrency transactions.



2.) HOW TO JOIN AND HOW MUCH MINIMUM CAPITAL?


• FOLLOW OUR STEP BY STEP GUIDE PUBLISHED IN MY FB WALL: (https://www.facebook.com/rolly.custodio77/posts/1307105489764616 )


• WATCH THE VIDEO PRESENTATION OF MY PARTNER CESAR: https://youtu.be/-WbB_1hbPpc


• YOU CAN START $150- $1M. WISE RECOMMENDATION $2,000/P100K.



3.) WITHDRAW FROM GARDEN:


• CLICK WITHDRAW AND YOU’LL RECEIVE THE UNLOCKED JEWEL. AND YOU CAN SEE ALSO THE DATA OF LOCKED JEWEL REFLECTED IN THE BOARD.



4.) DEPOSIT IN THE BANK: 


• EXECUTE DEPOSIT AND DONE (AND RECEIVED 1/3 OF ALL EXCHANGE FEES)




DON’T FORGET TO SUBSCRIBE, LIKE, COMMENTS AND SHARE THIS VIDEO.


THANK YOU FOR WATCHING MY VLOG UNTIL NEXT TIME... 


AND THE JOY OF THE LORD BE WITH YOU ALL! GOD BLESS YOU ALL!!! 



NOTE:

LOOKING FOR SIX (6) INVESTORS ONLY TO FINANCE NFT GAMES AND MINIMUM INVESTMENT IS $2,000 OR P100K. THE GUARANTED RETURN IS 25% AND WILL BE SHARED 80%/20%. AFTER FIVE (5) MONTHS WHEN INVESTOR RECOUP ALL HIS CAPITAL THE SHARING WILL BE REVISED TO 50%/50%. JUST PM/DM ME. https://www.facebook.com/rolly.custodio77/



#Harmony #ONEToken #NFTgames #NFT #NFTOnlineGames #binancephilippines #binance #BNB #Crypto #cryptocurrency #cryptosmart #beyondtrading #BeyondTradingAcademy #SocialVentureCapital #SVC #TradeSmartwithRolly #RollyCustodio #MetaVerse

Tuesday, November 23, 2021

Episode4 Vlog: Wow I got my P4,225 Profit after 30 days w/ Capita of P7,...


EPISODE 4: VLOG TITLE: 

WOW! I GOT MY P4,225  PROFIT IN 30 DAYS W/ A CAPITAL OF $150/ PHP7,500  IN JOINING HARMONY ONE DEFIKINGDOMS NFT GAMES. 

STATUS: ACTIVE ACCOUNT RUNNING FROM 22 OCT. TO THE PRESENT

CAPITAL: $150 or PHP7,500
FARMING DURATION: 30 DAYS DURATION (22 OCT.- 21 NOV. 2021)
HARVESTED FROM GARDEN: (1USD=PHP50.51)
UNLOCK JEWEL: 8.642 JEWEL X $9.63/ Jewel = $83.22/ P4,203.44/ 56.04%
LOCKED JEWEL: 25.708 JEWEL x $9.63/Jewel= $247.56/ P12,504.25/ 166.72%
TOTAL NET PROFIT: 34.35 JEWEL X $9.63/Jewel= $330.78/P16,707.69/ 222.76%

(NOTE: UNLOCKED JEWEL CAN BE WITHDRAWN ANYTIME BUT THE LOCKED JEWEL CAN BE WITHDRAWN AFTER 51 EPOCHS (1 EPOCH=7 DAYS, 1,800.43 BLOCK/HR.X 24hX 7d = 302,473.84 BLOCKS/WEEKX 51Epochs= 55.426M BLOCKS) TO UNLOCK BUT ACCORDING TO DEFIKINGDOMS WEBSITE IT IS RELEASED BEFORE/ON 15 JULY, 2022 PRO-RATED UP TO 12 MONTHS).

RATIO ANAYSIS: (30DAYS EARNING)

P7,500 – P4,203.44
P75,000- P42,034.40
P750,000- P420,344.00
P7.50M – P4.20M

OUTLINE

1) HARMONY ONE TOKEN (RANK#57, Diluted Market Cap: $3.752 B USD) – Is the Fastest Token in the world today to produce (2sec/block) beating ALL the 14,542 Coins/Tokens listed in the Coinmarketcap.com. 

HOT PROJECT: DEFIKINGDOMS NON-FUNGIBLE TOKEN/ASSET (NFT) 
ONLINE GAMES.

1. GARDEN AND BANK.
2. BUY HEROES TO DO ACTIVITIES/JOIN IN WAR GAMES OR TASKS 2GET REWARD.


DEVELOPERS: (SEE THEIR LINK OF THEIR VLOG https://youtu.be/t9P3ybiW-h0 )

Stephen Tse – PhD Security and Protocol from University of Pennsylvania.

Rongjian Lan- Infra Engineer of Google Play store, graduated ComScie Univ. of Bejing and Candidate for Doctoral in ComScie in Uni. Of Maryland College Park.

Sahil Diwan- Harvard Business School. Founder Ad-Tech. President – Blockchain and Cryptocurrency Club at Harvard.

Nick White- Master EE/In charge of Artificial Intelligence from Stanford University.

And other 21 Developers who worked from BBC, Amazon, Ebay, FB and Microsoft.

ECOSYSTEM AND PARTNERS: BINANCE, LEDGER, HOUBI, METAMASK, MATHWALLET, SUSHISWAP, DEVINCI, TRAVALA, BLIZ, CHAINLINK, EDGEWARE, THE GRAPH, GNOSI SAFE AND API 13.

ROAD MAP (See at Website: http://harmony.one)

GRANT $300M TO DECENTRALIZE AUTONOMOUS ORGANIZATION (DAO) The decentralized autonomous organization (DAO) was a system created by a group of developers to automate decision-making and facilitate cryptocurrency transactions.


2.) HOW TO JOIN AND HOW MUCH MINIMUM CAPITAL?

FOLLOW OUR STEP BY STEP GUIDE PUBLISHED IN MY FB WALL: (https://www.facebook.com/rolly.custodio77/posts/1307105489764616 ) 

*     AND BINANCE PHILIPPINES PAGE WALL: (https://www.facebook.com/binancephilippines/posts/401247888136607). 

WATCH THE VIDEO PRESENTATION OF MY PARTNER CESAR: https://youtu.be/-WbB_1hbPpc

YOU CAN START $150- $1M. WISE RECOMMENDATION $2,000/P100K.


3.) WITHDRAW FROM GARDEN:

CLICK WITHDRAW AND YOU’LL RECEIVE THE UNLOCKED JEWEL. AND YOU CAN SEE ALSO THE DATA OF LOCKED JEWEL REFLECTED IN THE BOARD.

Fom Binance: one1ld4acpdtc6x00qpkf8sxwk6h8gznl5ndksknnj if you see that wallet beginning “onexxxx” that is not your final ONE wallet address from Binance you should convert BNB Wallet to ONE wallet from Harmony Explorer by going to Meta Mask click Menu scroll down and click View account in Explorer then paste that you see in Binance beginning onexxxx then enter (but before you enter read note below) and you will get this kind of ONE wallet address this is the final Binance ONE wallet address that you paste to Meta Mask during withdraw/send of ONE Token to Binance: 0xfb6bdc05abc68cf7803649e0675b573a053fd26d

Note: This is very important at Harmony One Explorer  inside their blockchain at the top right corner you have to change from Harmony to Ethereum because if you don’t change the Word ONE will not convert to Oxfb6dc05xxx…. So the correct wallet one wallet address must start ox. For ex. of this 0xfb6bdc05abc68cf7803649e0675b573a053fd26d and this is the address that you will paste when you Transfer your ONE Token from Meta Mask to Binance.



4.) DEPOSIT IN THE BANK: 

EXECUTE DEPOSIT AND DONE (AND RECEIVED 1/3 OF ALL EXCHANGE FEES)
DON’T FORGET TO SUBSCRIBE, LIKE, COMMENTS AND SHARE THIS VIDEO.


THANK YOU FOR WATCHING MY VLOG UNTIL NEXT TIME ... AND THE JOY OF THE LORD BE WITH YOU ALL! GOD BLESS YOU ALL!!! 


NOTE:
LOOKING FOR SIX (6) INVESTORS ONLY TO FINANCE NFT GAMES AND MINIMUM INVESTMENT IS $2,000 OR P100K. THE GUARANTED RETURN IS 25% AND WILL BE SHARED 80%/20%. AFTER FIVE (5) MONTHS WHEN INVESTOR RECOUP ALL HIS CAPITAL THE SHARING WILL BE REVISED TO 50%/50%. JUST PM/DM ME. https://www.facebook.com/rolly.custodio77/



#Harmony #HarmonyOne #DefiKingdoms #ONEToken #Harmony #HarmonyOne #ONEToken #ONE #defikingdoms #nftgames #NFT #NFTOnlineGames #binancephilippines #binance #BNB #Crypto #cryptocurrency #cryptosmart #beyondtrading #BeyondTradingAcademy #SocialVentureCapital #SVC #TradewithRollyCustodio #RollyCustodio

Friday, October 22, 2021

What Is Web 3.0?

 

What Is Web 3.0?

Web 3.0 is coming — but what is it, and where did Web 1.0 and 2.0 go?


Something New

Imagine a new type of internet that not only accurately interprets what you input, but actually understands everything you convey, whether through text, voice or other media, one where all content you consume is more tailored to you than ever before. We are at the tipping point of a new phase in the web’s evolution. Some early pioneers call it Web 3.0. 

Arguably, there are a few early-stage Web 3.0 applications that already exist today, but until the new internet becomes fully embedded in the web infrastructure, their true potential cannot be observed.

But what exactly is Web 3.0, what will it  look like and how will it change our lives?


Web 3.0 was originally called the Semantic Web by World Wide Web inventor Tim Berners-Lee, and was aimed at being a more autonomous, intelligent, and open internet.

The Web 3.0 definition can be expanded as follows: data will be interconnected in a decentralized way, which would be a huge leap forward to our current generation of the internet (Web 2.0), where data is mostly stored in centralized repositories. 

Furthermore, users and machines will be able to interact with data. But for this to happen, programs need to understand information both conceptually and contextually. With this in mind, the two cornerstones of Web 3.0 are semantic web and artificial intelligence (AI). 

Web 3.0, Cryptocurrency and Blockchain

As Web 3.0 networks will operate through decentralized protocols — the founding blocks of blockchain and cryptocurrency technology — we can expect to see a strong convergence and symbiotic relationship between these three technologies and other fields. They will be interoperable, seamlessly integrated, automated through smart contracts and used to power anything from micro transactions in Africa, censorship-resistant P2P data file storage and sharing with applications like Filecoin, to completely changing every company conduct and operate their business. The current slew of DeFi protocols are just the tip 


Web 3.0 Technologies 


There are a few details that we need to keep in mind when looking into Web 3.0 tech. First of all, the concept isn’t new. Jeffrey Zeldman, one of the early developers of Web 1.0 and 2.0 applications, had written a blog post putting his support behind Web 3.0 back in 2006. But talks around this topic had begun as early as 2001.


Evolution of the Web 3.0 Technologies

Web 3.0 will be born out of a natural evolution of older-generation web tools combined with cutting-edge technologies like AI and blockchain, as well the interconnection between users and increasing internet usage. Apparently, Internet 3.0 is an upgrade to its precursors: web 1.0 and 2.0. 

Web 1.0 (1989-2005)

Web 1.0, also called the Static Web, was the first and most reliable internet in the 1990s despite only offering access to limited information with little to no user interaction. Back in the day, creating user pages or even commenting on articles weren’t a thing.

Web 1.0 didn't have algorithms to sift internet pages, which made it extremely hard for users to find relevant information. Simply put, it was like a one-way highway with a narrow footpath where content creation was done by a select few and information came mostly from directories. 

Web 2.0 (2005-present)

The Social Web, or Web 2.0, made the internet a lot more interactive thanks to advancements in web technologies like Javascript, HTML5, CSS3, etc., which enabled startups to build interactive web platforms such as YouTube, Facebook, Wikipedia and many more. 

This paved the way for both social networks and user-generated content production to flourish since data can now be distributed and shared between various platforms and applications.

The set of tools in this internet era was pioneered by a number of web innovators like the aforementioned Jeffrey Zeldman.

Web 3.0 (yet to come)

Web 3.0 is the next stage of the web evolution that would make the internet more intelligent or process information with near-human-like intelligence through the power of AI systems that could run smart programs to assist users. 

Tim Berners-Lee had said that the Semantic Web is meant to "automatically" interface with systems, people and home devices. As such, content creation and decision-making processes will involve both humans and machines. This would enable the intelligent creation and distribution of highly-tailored content straight to every internet consumer.

 Key Features of Web 3.0

To really understand the next stage of the internet, we need to take a look at the four key features of Web 3.0:


  • Ubiquity
  • Semantic Web
  • Artificial Intelligence
  • 3D Graphics


 Ubiquity








Web 3.0 simply takes this a step further by making the internet accessible to everyone anywhere, at any time. At some point, internet-connected devices will no longer be concentrated on computers and smartphones like in Web 2.0 since IoT (Internet of Things) technology will bring forth a plethora of  new types of smart devices.




Semantic Web



In practice, how would this look? Let’s take these two sentences, for instance:

  1. I love Bitcoin
  2. I <3 Bitcoin


Their syntax may be different, but their semantics are pretty much the same, since semantics only deals with the meaning or emotion of the content.

Applying semantics in the Web would enable machines to decode meaning and emotions by analyzing data. Consequently, internet users will have a better experience driven by enhanced data connectivity.




Artificial Intelligence






Although Web 2.0 presents similar capabilities, it is still predominantly human-based, which opens up room for corrupt behaviors such as biased product reviews, rigged ratings, etc. 

For instance, online review platforms like Trustpilot provide a way for consumers to review any product or service. Unfortunately, a company can simply gather a large group of people and pay them to create positive reviews for its undeserving products. Therefore, the internet needs AI to learn how to distinguish the genuine from the fake in order to provide reliable data.

Google’s AI system recently removed around 100,000 negative reviews of the Robinhood app from the Play Store following the Gamespot trading debacle when it detected attempts of rating manipulation intended to artificially downvote the app. This is AI in action, which will soon seamlessly fit into Internet 3.0, enabling blogs and other online platforms to sift data and tailor them to each user's liking. As AI advances, it will ultimately be able to provide users with the best filtered and unbiased data possible.


Spatial Web and 3D Graphics






Web 3.0 Applications

A common requirement for a Web 3.0 application is the ability to digest large-scale information and turn it into factual knowledge and useful executions for users. With that being said, these applications are still at their early stages, which means that they have a lot of room for improvement and are a far cry from  how Web 3.0 apps could potentially function.

Some of the companies that are building or have products that they are transforming into Internet 3.0 applications are Amazon, Apple and Google. Two examples of applications that utilize Web 3.0 technologies are Siri and Wolfram Alpha.

Siri

Over the years, Apple’s voice-controlled AI assistant has grown more intelligent and has expanded its abilities since its first appearance in the iPhone 4S model. Siri uses speech recognition, along with artificial intelligence, to be able to perform complex and personalized commands.

Today, Siri and other AI assistants like Amazon’s Alexa and Samsung’s Bixby can understand requests such as “where is the nearest burger joint” or “book an appointment with Sasha Marshall at 8:00 am tomorrow” and immediately come up with the right information or action.


Wolfram Alpha

Wolfram Alpha is a “computational knowledge engine” that answers your questions directly by computation, as opposed to giving you a list of webpages like search engines do. If you want a practical comparison, search “england vs brazil” on both Wolfram Alpha and Google and see the difference.

Google gives the results of the World Cup even if you didn’t include “football” as a keyword, since it is the most popular search. Alpha, on the other hand, would give you a detailed comparison of the two countries, like you asked. That’s the key difference between Web 2.0 and 3.0.


Closing Thoughts

The new internet will provide a more personal and customized browsing experience, a smarter and more human-like search assistant, and other decentralized benefits that are hoped will help to establish a more equitable web. This will be achieved by empowering each individual user to become a sovereign over their data, and creating a richer overall experience thanks to the myriad of innovations that is to come once it is in place.

When Web 3.0 inevitably arrives — as hard as it is to fathom considering how smart devices have already changed our behavioral patterns — the internet will become exponentially more integrated in our daily lives. 

We will see nearly all of today’s normally offline machines, from home appliances like ovens, vacuums, and refrigerators to all types of transport become part of the IoT economy, interacting with its autonomous servers and decentralized applications (DApps), advancing new digital realms like blockchain and digital asset to power a myriad of new tech “miracles” for the 21st century.





Writer Reference: Crypto Basics @ Coinmarketcap




Werner Vermaak

Werner Vermaak

I'm a technical writer and marketer who has been in crypto since 2017.


Wednesday, March 31, 2021

Technology: Virtual Land Prices are Booming, and Now There’s a Fund for That

Technology: Virtual Land Prices are Booming, and Now There’s a Fund for That




Investors may not be clamoring to buy offices and hotels right now, but in virtual reality, property deals are surging and attracting millions of real-life dollars.

It was inevitable, then, that someone would start a fund.

Republic Real Estate, a firm that’s raising money to buy distressed condos in the physical world, is launching an invite-only fund next week aimed at investors seeking to buy virtual land. The venture plans to purchase parcels across several online “metaverses” and develop them into virtual hotels, stores, and other uses, with the goal of increasing their value among cryptocurrency enthusiasts.

The minimum investment in the Republic Realm Digital Real Estate Fund is $25,000.

“Real-world real estate is very uncertain now,” said Janine Yorio, head of Republic Real Estate. “Housing prices are at an all-time high. Meanwhile, offices are empty, hotels are empty. This feels insulated from a lot of those real-world risks.”

Plots sell daily in online worlds such as Decentraland, a virtual place with its own economy, currency, and social events calendar, accessible to anyone with a web browser. And values for such assets are multiplying.

This year through March 15, the average price paid per parcel in Decentraland was $2,703 -- more than triple what it was in 2020, according to NonFungible.com, which tracks the sales. Land prices quadrupled in the metaverse called Cryptovoxels, from $821 a parcel last year to $3,895 in the first two and half months of 2021.


The most expensive deal ever recorded came in February, when eight lots sold for a combined $1.5 million on the gaming platform Axie Infinity, according to NonFungible.

“There is obviously some fear-of-missing-out phenomenon behind this,” Gauthier Zuppinger, chief operating officer at NonFungible, said in an email. “The best, rarest places are almost all purchased. The secondary market shows that the first buyers sell their assets for way more than the initial price.”

Each land parcel is a non-fungible token, or NFT -- a unique asset that can’t be forged or replicated, just like physical land in the real world.

QuickTake: What’s an NFT? It’s What Makes GIFs Worth Big Buckshttps://www.bloomberg.com/news/articles/2021-03-10/what-s-an-nft-it-s-what-makes-gifs-worth-big-bucks-quicktake

The value of online real estate rises as more people buy digital art or other collectibles and need a place to showcase them, according to Zuppinger. Many artists and designers also are turning to the virtual world to host what they create, as consumers spend more time there, Yorio said.

And for a real estate investor, that means there’s value in owning well-trafficked space.

Republic, which used its own money to buy more than 30 parcels across four metaverses, is in talks with a real-life hospitality brand that is looking to co-develop a hotel and bar on one of those sites, Yorio said. The lodging firm would collaborate on the virtual hotel design, and pay Republic to develop it.

Like swanky hotels in physical cities, the site would ideally become a well-regarded gathering place -- which then draws other retailers and developers to pay up for parcels nearby.

“Buying land today in virtual worlds may end up feeling a lot like buying land in Manhattan in the 1750s,” Yorio said. “There is massive growth ahead, and now is the time to get in on the ground floor.”

Note: This is Repost Report came from Author of Bloomberg:

  March 19, 2021, 8:00 PM GMT+8

=========================================================

If you want to buy Bitcoin and other Crypto or Altcoins avail of my 50% lifetime discount on all your trading transaction fees by registering in my Binance Link Now! https://tiny.cc/bnb50discount.

Follow us or like our FB Fan Page Binance Philippines to get Free Weekly Top 50 Crypto Best Picks researched by Beyond Trading Academy and CryptoSmart (by Coin Market Capital, by % Rank Rise, by daily/weekly volume turnover, by total number of community supporters, by growth plan and forecast project, by their business partnership and road map.): https://tiny.cc/binancephilippines.


#virtualspace #virtualworld #metaverse #decentraland #NFT #BNB #binance #binancephilippines #BeyondTrading #BeyongTradingAcedmy #CryptoSmart #CryptoPinoy #invest2makeweatlh #tradewithrollycustodio

Monday, February 22, 2021

Tesla Buys $1.5 Billion in Bitcoin and Will Accept Crypto as a Payment Method Soon

 

Tesla Buys $1.5 Billion in Bitcoin and Will Accept Crypto as a Payment Method Soon

By
Published on:
February 8, 2021





Tesla has revealed that it has bought $1.5 billion in Bitcoin in a filing with the U.S. Securities and Exchange Commission.

The announcement is an extremely bullish development to say the least. Bitcoin broke record highs as investors digested the news, hitting $42,541.78 at the time of writing.

In the filing, Tesla explained that it has updated its investment policy “to provide us with more flexibility to further diversify and maximize returns on our cash.”

This means that the electric vehicle manufacturer is reserving the right to invest in “certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future.”

Confirming that Tesla now owns $1.5 billion in Bitcoin, the filing added:

“We expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.”

The filing went on to warn that the price of digital assets is known to be highly volatile — and acknowledged Tesla’s financial condition “may be harmed” if prices fall.

In recent weeks, Tesla’s CEO Elon Musk has revealed that he is a supporter of Bitcoin but admitted that he was “late to the party.”

Back in December, Musk had a Twitter conversation with MicroStrategy CEO Michael Saylor, whose company has invested heavily in Bitcoin.

Saylor had tweeted Musk to say: “If you want to do your shareholders a $100 billion favor, convert the $TSLA balance sheet from USD to #BTC. Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor.”

Musk replied: “Are such large transactions even possible?”

This thread may have served as a precursor to Tesla’s decision — and in recent weeks, Musk’s Twitter feed has been dominated with pro-crypto posts on Bitcoin and Dogecoin.

If you want to buy Bitcoin please register in my link and received 50% lifetime discount in all your trading transaction fees (So, Instead Binance will charge you 0.10% they will charge you only 0.05%). https://tiny.cc/bnb50discount. You can follow or likes my Fun Page Binance Philippine Team and get Free Top 40 Crypto Best Picks by Beyond Trading Academy ( BTA Research and Development Team gathered these top 40 thru trading volumes, % ranking in prices changes, community supporters, coins/technology functions or technology uses and coin market capitalizations). Also watch out for my Absolute Free Trading Education and no hold bards Q & A for any topics and tradings.                            

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