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Carpe Diem launches a New Pension Model on the Blockchain

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On January 1st, 2024, Carpe Diem Pension came to life. This is a new way to build an alternative pension without the need for intermediates (banks & pension funds). It operates autonomously through the CDP token on the Pulse blockchain.

People build up their pension collateral by making a monthly deposit in CDP. The accrued collateral is bound to their accounts and cannot be withdrawn. This permanent collateral cannot be touched by anyone, meaning that it cannot be used by the program to pay out others, or to gamble on investments. At the time of writing, the yearly payout percentage is about 9%. This is paid from the yearly inflation rate of 4.32%. As not all CDP is locked, the payout percentage is higher than the inflation rate. There’s no need for a company to make profits or for new people entering the system to pay out users.

Besides being based on blockchain technology, Carpe Diem Pension invented a brand-new model for handling deposits and payouts in a robust and sustainable manner.

Robust
The program cannot be changed and runs on a giant and transparent blockchain network. This results in more resilience, predictability, and credibility.

Fair
A blockchain account is needed to participate. This account isn’t tied to personal details. Therefore, it is impossible for the program to discriminate certain groups or individuals. Every blockchain account is treated equally in the program.

Safe
Deposits in CDP aren’t going anywhere. They are locked forever and can’t be touched by anyone. This means that it cannot be used to pay out other users, nor can it be used to make investments where you have little to no influence over.

Sustainable
The program pays out through the creation of new CDP tokens. The inflation is 4.32% a year and all of it is distributed as payout to users.

No Minimum Age
Users decide themselves at what age they retire. By making a monthly deposit, they increase their pension collateral, which generates a pay out, effective immediately. When users are content with the height of this pay out, they can decide to retire. A larger monthly deposit means that it is possible to retire earlier.

Retire Wealthy
It is possible to retire with a higher pension income than your initial income. Work hard, retire wealthy.

Multi-generational
Pension incomes can be multi-generational. Hand the blockchain account over to family, and they receive your built-up pension income.

Unique referral program

For people involved in affiliate marketing, Carpe Diem Pension might be very interesting. First, let’s outline the current situation: An income can be generated through affiliate marketing by making sales for companies. For example, one can refer people to buy a lava lamp on Amazon and get a certain percentage of the sale.

It can be quite lucrative, especially when marketers manage to attract a lot of people and keep referring to new products constantly.

However, when one stops actively referring others, the income stream decreases or even stops entirely. Often, affiliate marketing is described as a way to generate a passive income, but in reality, it often isn’t “passive”.

Bottom line: each sale grants you a direct sales cut.

With the referral program of Carpe Diem Pension, marketers do not receive a direct sales cut, but instead are awarded with Pension shares. One share acts the same as one CDP token deposited by users: it generates a permanent passive payout. Marketers receive 10% in shares of the CDP tokens deposited through their link.

Marketers increase their pension payout by making more sales. When they halt their affiliate business, they receive their built-up pension payout forever.

CDP as a hybrid investment and pension fund

Pension operations, such as deposit and payout, work through the CDP token. This token is traded on the open market, and can therefore fluctuate in price against the Dollar/Euro/etc.. If the price in Dollars goes up over time, the collateral in Dollars goes up as well. This has a direct effect on the payout.

When people buy and deposit CDP forever, it reduces supply and increases demand. Usually, this results in the price going up. When people start their retirement, the payout is just a small percentage each month, which means that there isn’t a huge immediate boost of supply.

It should be noted that investing in cryptocurrencies isn’t without risk. However, trusting traditional pension funds isn’t without risk either. One can mitigate risk through diversification.

Silvan Liklikuwata, the Founder of Carpe Diem Pension, said: “My personal goal is to work hard, and save 40% of my income for retirement (half of it through Carpe Diem Pension), so I can become financially independent and retire early when I am still full of life. As a musician, I want to have the ability to go into the swiss alps and get inspirations for my art and compositions. Not having to worry about an income frees my mind, so I can really contribute to the world.”

How to start

Start building your Carpe Diem Pension today. Visit Carpe Diem.

 

The post Carpe Diem launches a New Pension Model on the Blockchain appeared first on HIPTHER Alerts.

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Blockchain

Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing

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Global Supply Chain Finance Market

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Blockchain

Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest

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Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.

The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.

While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.

Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.

A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.

Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.

Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.

Source: cryptonews.com

The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.

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ASIC cracks down on blockchain mining firms

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Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.

According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.

The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.

ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.

In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.

While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.

Source: iclg.com

The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.

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