Sergei Sergienko

08 Jul 2024 16:47

DAOs also demonstrate the power of decentralized collaboration. From governance decisions to feature development, DAOs ensure that every voice is heard.

For instance, MakerDAO's community proposed adjustments to their stability fees, optimizing the protocol's stability while maintaining competitive lending rates, which was widely supported and implemented. And the list of such examples could go on forever.

DAOs empower everyone to shape the future of Web3 innovation, where every voice counts and decisions are truly community-driven.

Sergei Sergienko

07 Jul 2024 12:20

Everyone who has been around crypto for any length of time knows that keeping one's digital assets safe is a top priority. That’s why I swear by my Ledger Nano X.

This little device is a powerhouse when it comes to keeping my crypto safe. It’s 100% reliable, easy to use, and affordable, making it the perfect gift. So I’ve started gifting it to friends and colleagues.

🔐Surely, there are quite a few options for keeping your crypto safe without paying for it, but the peace of mind you get from the Ledger Nano X is priceless.

Sergei Sergienko

05 Jul 2024 17:46

Bitcoin and Ethereum are experiencing significant drops, with Bitcoin hitting its lowest point since February. Similarly, Ethereum has fallen quite a bit.

As someone deeply rooted in blockchain, I've seen these scenarios play out before. Recent transactions involving wallets linked to Mt. Gox and a sizable movement of $75 million in Bitcoin by the German government have undoubtedly rattled investors. Additionally, macroeconomic conditions and the looming uncertainty of U.S. elections are contributing to the current bearish sentiment.

🎓Will the markets keep falling?
That's not the right question. Keeping yourself informed and adaptable is key; staying panicked and trying to predict the future is not a good idea. Seasoned crypto enthusiasts understand these cycles as natural fluctuations in the market's rhythm, reminding us of its inherent volatility and resilience.

Sergei Sergienko

05 Jul 2024 07:37

Who doesn’t love the gig economy? Flexibility, autonomy, and endless opportunities define why it’s awesome. Whether you're freelancing full-time or earning extra income on the side, gigs offer the freedom to work when, where, and how you want.

But many raise valid concerns.

A recent Forbes article questions the gig economy’s main pillars, citing issues like fake flexibility, lack of benefits, an "always-on" work culture, and broader societal impacts. The other article I came across details why gig work should become more sustainable. The challenges listed are very similar.

As someone deeply entrenched in blockchain for over a decade, I believe we must reconsider our approach to employment at its core and draw lessons from the crypto space.

Sergei Sergienko

04 Jul 2024 15:01

Although it’s only natural that crypto space will be regulated, it often means destroying its decentralized nature. If those who don’t want to comply are forced into the gray area, would crypto become people’s currency?

In many parts of the world, people have already come up with a communal way to save and access funds without relying on traditional banks. Known as Tanda, Susu, Paluwagan, and by many other names, this practice allows members to contribute a fixed amount each month and take turns receiving the total pool of money.

The communal savings practices demonstrate a grassroots approach to financial resilience, providing essential support where formal banking services fall short. Likewise, cryptocurrencies have the potential to democratize finance globally, offering financial services to the unbanked and underserved populations.

💡But if you need a passport and a bank account to access your crypto funds, what’s the point?

Sergei Sergienko

03 Jul 2024 16:11

LaborX is a product-market fit in action. The issue of hiring and getting hired is perpetual, yet before LaborX there wasn’t a place for that.

We’ve simply made a platform that brings together top employers and talent, added the crypto payment functionality, and started actively attracting well-established companies.

Jump into collaboration mode and form teams with other complementary Web3 projects as soon as you identify your product-market fit. Build up your infrastructure. Engage more enthusiastic people. Continue building and working on that UI/UX and narrative.

As the Web3 ecosystem evolves, adapting and expanding collaboratively will ensure enduring success.

Sergei Sergienko

03 Jul 2024 10:35

Visibility goes beyond spending; often, it can be achieved without cost.

Polkadot's challenge underscores the importance of aligning strategically with community interests and fostering organic engagement.

With the right team and a focus on targeted strategies, everything falls into place.

Sergei Sergienko

02 Jul 2024 18:32

Since a whole lot of you are interested in clicker games, let’s talk about that.

Everyone in Web3 is obsessed with bridging Web3 and Web2 because the space needs new users desperately. Can clicker games play a role in that? I do believe in interactive experiences leading the way to a decentralized future.

🪁 Crypto incentives, decentralized mechanics, and smooth onboarding can make clicker games a great entry point for non-native Web2 users.

Sergei Sergienko

01 Jul 2024 18:57

I came across this article claiming AI might harm employee well-being due to social isolation. As the founder of a Web3 jobs marketplace, this resonates with me. Although I haven't met anyone saying, "I wish I could go back to the office," the problem is real.

What practices should employers implement to address this issue once and for all?

Sergei Sergienko

01 Jul 2024 11:18

First, we integrated Optimism. Then, we moved on to Op Stack-based Base and integrated it too. Then, we came up with the Base Incubator idea.

The Base Incubator was designed to empower builders, providing them the freedom to innovate on Base. This initiative perfectly aligns with our vision of fostering innovation and nurturing talent and creativity within the community.

Sergei Sergienko

30 Jun 2024 14:16

When you're tired of waiting for changes in the market 😅

Sergei Sergienko

29 Jun 2024 20:04

💩 The SEC has sued MetaMask developer ConsenSys

According to the commission, this wallet is an unregistered broker engaged in offering and selling securities.

💩 The SEC's attention was drawn to the collection of over $250 million in fees generated by ConsenSys' activities.

Earlier, ConsenSys had reported the SEC's investigation into Ethereum had been terminated, but here's the twist!

Important point:

💩 However, the SEC does not oppose Ethereum staking. They even promote it. But they advocate for people to do it themselves rather than through various providers.

There's no threat to Ethereum and its staking. But those promoting such services may face tough times.

Sergei Sergienko

29 Jun 2024 06:06

🕯 Daily review of the cryptocurrency market

The market went into correction again. BTC has dropped to $60,700. ETH is trading below $3,400.

🔼 There are few growing assets: QNT +7%, AR +4%.

🔽 There are many more falling assets: LDO -15%, ENA -8%, STRK -7%, GNO -7%, TAO -6%, NOT -6%, BONK -6%, BOME -6%, UNI -6%, PEPE -5%.

Sergei Sergienko

28 Jun 2024 14:19

💩What to expect from TimeFarm?

Let me tell you the main thing — this is just the beginning of something great and new...

As you can see, Chrono.tech, LaborX, TimeX, and our other platforms are aimed at mass adoption.

💩 In the future, TimeFarm will feature many more gaming mechanics and mini-tasks, where successful completion will earn you in-game tokens and other rewards.

💩Currently, people earn $SECOND for activities in the app, but in the future, they will be able to earn tokens from various projects, as we plan a huge number of partnerships and collaborations.

Stay tuned for updates! The project roadmap will be published soon, and there's plenty to surprise you!

Sergei Sergienko

27 Jun 2024 18:18

💩 Coinbase is suing the SEC and the Federal Deposit Insurance Corporation (FDIC)

The reason is the refusal to clarify the situation regarding cryptocurrency sector regulation.

💩 The exchange stated that the regulators did not comply with the requirements of the Freedom of Information Act. Specifically, this concerns past inquiries about Ethereum and the regulator's interpretation of the asset.

Here is a quote from the case:

"For nearly two years, various federal financial regulators, including the Securities and Exchange Commission, the Federal Deposit Insurance Corporation, and the Board of Governors of the Federal Reserve System, have employed the full arsenal of their tools, actively attempting to harm the digital asset industry."

Sergei Sergienko

08 Jul 2024 11:15

DAOs are integral to Web3 development, empowering every contributor to influence decision-making and drive innovation.

DAO members (token holders) propose, vote on, and help fund projects aimed at advancing decentralized technologies. This includes funding blockchain research initiatives, developer grants, community-building efforts, and others.

My team and I are currently exploring DAO mechanics where our community shapes the future of Chrono.tech’s ecosystem. It’s a long way to go, but we’re getting there.

Sergei Sergienko

06 Jul 2024 15:43

👊 Some major updates are coming. We’re taking @TimeFarmCryptoBot to a whole new level by merging it with the best of LaborX

This bold new direction will introduce micro tasks, both online and offline, allowing people to earn by completing straightforward tasks and helping work providers find the perfect match for their needs.

We aim to redefine marketing and promotion in the Web3 space, ensuring businesses receive genuine feedback and evaluations.

I’m incredibly proud of this next step and can’t wait to see the opportunities it creates for the community.

Sergei Sergienko

05 Jul 2024 10:43

Imagine all the benefits of gig work but with the security of traditional employment.

Now, go to LaborX full-time jobs section and there you have it – flexible schedule, remote employment, benefits, and guaranteed salary. You can choose to get your wages in crypto and take care of taxes according to your lifestyle.

However, this setup requires specific skills, immense responsibility, and self-organization.

💡I understand it's not feasible for everyone to work in Web3. My point is that other industries can still draw valuable lessons from such workflow.

Sergei Sergienko

04 Jul 2024 18:21

The beauty of cryptocurrencies lies in their ability to empower individuals globally, offering financial inclusion and autonomy beyond traditional banking systems.

However, as regulatory pressures mount, there's a risk of stifling innovation and excluding those who rely on crypto for financial freedom.

💡Can we reconcile regulatory compliance with crypto's decentralized principles? Is there a middle ground where legal frameworks can support innovation without compromising decentralization?

Sergei Sergienko

04 Jul 2024 11:49

Today, I’ve been thinking about the legal side of crypto. MiCA, a fresh crypto regulation in the EU law, has just come into effect and taken the situation with digital assets under control.

Crypto exchanges may delist certain noncompliant stablecoins or restrict services for the EU and some crypto exchanges have already started delisting USDT.

As regulatory frameworks tighten, some stablecoins and certain services might indeed face challenges or choose to leave EU exchanges to comply with stringent requirements.

Sergei Sergienko

03 Jul 2024 13:18

They make it seem like building #Web3 is a huge hassle. It’s not. The problem is that many vie to set industry standards, but the field is cluttered with promising ventures lacking leadership and utility.

The success formula is pretty straightforward:

Find your product-market fit. Get the right people to build it. Scale through partnerships.

Sergei Sergienko

02 Jul 2024 18:32

Ever wondered why clicker games are so addictive?

They're designed for easy play, constant rewards, and a sense of achievement even with minimal effort. You maybe a casual player or a perfectionist, there's something for everyone.

🏅Speaking of achievements: Time Farm has onboarded 14 million users in less than a month!

And here are more stats to prove the point: TON already outperformed the Bitcoin network by 118%, largely thanks to clicker games.

Telegram's user base is massive, with around 1 billion users, and they are slightly more tech-savvy than the rest.
And with all the new crypto mechanics Telegram is about to introduce... I have a good feeling about it.

Sergei Sergienko

02 Jul 2024 10:10

✈️Checked off a bucket list item: my Telegram channel is now verified!

Can't deny, loving the massive audience boost these days.

Sergei Sergienko

01 Jul 2024 11:18

The best part about premeditated initiatives is that they always get noticed.

Guess who thanked us for launching the Base Incubator? Jesse Pollak, the creator of Base.

At moments like this you know you’re on the right track.

And of course, the pleasure is ours!

Sergei Sergienko

01 Jul 2024 10:18

LaborX has recently integrated with Optimism, and since then, we’ve managed to feature in their weekly updates twice and even interviewed OP Labs’ Talent Lead.

Personally, I see this partnership as a major milestone: partnering with a tier-1 US project that everyone in the crypto space knows is definitely a win!

Setting the stage for even more exciting opportunities and growth in the near future!

Sergei Sergienko

30 Jun 2024 08:01

🕯 Daily review of the cryptocurrency market

There are no significant changes in the market. BTC is trying to break above $60,700. ETH is trading below $3,400.

🔼 There are few growing assets: KAS +6%, TON +3%.

🔽 There are many more falling assets: CFX -8%, ENS -8%, FET -7%, WLD -7%, AGIX -6%, INJ -6%, JASMY-6%, PEPE -6%, WIF -6%, TAO -5%, VET -5%.

Sergei Sergienko

29 Jun 2024 15:30

💩 Protect your finances

In the second quarter of this year, the crypto industry suffered losses totaling $572.7 million due to hacker attacks and fraud.

💩 This is nearly as much as was stolen throughout all of 2023.

💩 The majority of thefts occurred on the Ethereum and BNB Chain networks.

💩 Why is the crypto industry vulnerable to hacker attacks and fraud?

It's all due to transaction anonymity, weak regulation, lack of investor education, and the potential for quick enrichment amidst the high volatility of the cryptocurrency market.

💩How to protect yourself?

Make sure to use reliable and verified platforms, master basic security principles like two-factor authentication, and exercise caution when investing.

Also, enhance your knowledge in this field to stay one step ahead of malicious actors!

Sergei Sergienko

28 Jun 2024 19:40

💩 Weekly Crypto News Recap

It's time to recall the most significant events in the crypto industry this week.

💩 Tether will cease support for EOS and Algorand.

💩 Mt Gox starts BTC and BCH payouts in July.

💩 Solana introduced the Blinks tool.

💩 Blast Foundation launched the BLAST tokenomics, along with an airdrop and the second season of token farming.

💩 Bitstamp will delist the euro-backed stablecoin Tether EURT.

💩 Binance receives full VASP license in Dubai.

💩 VanEck applies to launch an exchange-traded fund based on SOL.

💩 Launch of spot ETFs for ETH may occur on July 4.

💩 FTX denies withdrawals to users whose bank accounts had significantly less money than on the exchange.

Sergei Sergienko

28 Jun 2024 08:22

🕯 Daily review of the cryptocurrency market

The market is trying to recover. BTC is trading just below $61,600. ETH has risen above $3,400.

🔼 There are many growing assets: AKT +17%, ENS +13%, BOME +13%, CFX +10%, AVAX +10%, DOT +9%.

🔽 There are much fewer falling assets: FET -10%, AGIX -8%, QNT -4%.

Sergei Sergienko

27 Jun 2024 13:42

💩 Blockchain: The Future or a Utopia?

A few years ago, I would have said without a doubt that it is the future. Today, things are different...

At the dawn of its inception, this technology fully embodied the concept of decentralization and followed Satoshi Nakamoto's principles of decentralization. Back then, it truly seemed that blockchain was the future.

💩 Answering this question now, I can unequivocally say that today and in the future, blockchain is a utopia.

Why?

Even the largest blockchains, such as BTC and ETH, are too concentrated in a few hands:

💩 For BTC, just three major pools (Foundry USA and Antpool) control over 50% of the network's total hash rate.

💩 For ETH, over 40% of the asset is concentrated in the hands of a certain group of validators.

Naturally, with such a distribution, it does not fit the concept of decentralization at all.