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What’s Cardano’s IOG team doing in Africa?

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The IOHK team has ambitious plans for Cardano in Africa and is meeting with blockchain ecosystem members there to expand the presence. Entrepreneurs and politicians in various African countries will meet the IOG team of Cardano regarding plans to deploy more blockchain solutions in that region.

Charles Hoskinson recently had a speech during this week’s meetings that had some interesting points about the plans of the Cardano ecosystem in Africa.

Expanding the Developed World

Helping developing countries is one of the main goals of many blockchain projects. The products can help these countries and their citizens connect faster to the developed world and benefit from numerous opportunities.

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Cardano is among the most active blockchains in this section, with a considerable focus on Africa. Many teams from the ecosystem are currently in Africa, working with stakeholders to find better ways to help this region accelerate its growth. The IOG team is one of them.

One of the main reasons for the IOG team to be in Africa is the opportunity to shape the infrastructures using blockchain technology. Africa is on the path to upgrade. New systems can be deployed in countries and shape the future with more powerful tools.

Another subject that was covered in the last speech by Hoskinson was games. He talked about future games that can be more practical for gamers using blockchain concepts like tokens, especially NFTs. He said about the interesting concept of metaverse:

“Ten years ago, no one had a concept of the metaverse, and then Ready Player One comes out, and we’re like ‘Oh yeah, we get it.’ Probably 100 million people will have jobs inside the metaverse by 2030 or 2035. There’s no geographic bias to that. Most of them will probably be in Africa, Southeast Asia, and South America.”

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Creating jobs in African countries is another focus area for Cardano’s IOG team. They plan to help entrepreneurs in various counties so they can create jobs themselves.

Healthcare has always been one of the biggest challenges in Africa. Cardano’s IOG team is tackling this area by talking with various entrepreneurs and politicians to find a reliable solution, especially based on blockchain.

Hoskinson says blockchain can offer practical solutions for healthcare data so citizens will earn money from their data. It’s what we don’t see in the current situation, and governments can easily trade people’s data without their consent.

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The main reason for Cardano’s IOG team’s presence in Africa is to find ways to offer solutions for a faster technological revolution in that region. Now that many countries in that region are trying to develop faster, and innovative technology like blockchain can help them deploy infrastructures more reliable and secure.

The IOHK team has ambitious plans for Cardano in Africa and is meeting with blockchain ecosystem members there to expand the presence. Entrepreneurs and politicians in various African countries will meet the IOG team of Cardano regarding plans to deploy more blockchain solutions in that region.

Charles Hoskinson recently had a speech during this week’s meetings that had some interesting points about the plans of the Cardano ecosystem in Africa.

Advertisement

Expanding the Developed World

Helping developing countries is one of the main goals of many blockchain projects. The products can help these countries and their citizens connect faster to the developed world and benefit from numerous opportunities.

Cardano is among the most active blockchains in this section, with a considerable focus on Africa. Many teams from the ecosystem are currently in Africa, working with stakeholders to find better ways to help this region accelerate its growth. The IOG team is one of them.

One of the main reasons for the IOG team to be in Africa is the opportunity to shape the infrastructures using blockchain technology. Africa is on the path to upgrade. New systems can be deployed in countries and shape the future with more powerful tools.

Advertisement

Another subject that was covered in the last speech by Hoskinson was games. He talked about future games that can be more practical for gamers using blockchain concepts like tokens, especially NFTs. He said about the interesting concept of metaverse:

“Ten years ago, no one had a concept of the metaverse, and then Ready Player One comes out, and we’re like ‘Oh yeah, we get it.’ Probably 100 million people will have jobs inside the metaverse by 2030 or 2035. There’s no geographic bias to that. Most of them will probably be in Africa, Southeast Asia, and South America.”

Creating jobs in African countries is another focus area for Cardano’s IOG team. They plan to help entrepreneurs in various counties so they can create jobs themselves.

Healthcare has always been one of the biggest challenges in Africa. Cardano’s IOG team is tackling this area by talking with various entrepreneurs and politicians to find a reliable solution, especially based on blockchain.

Advertisement

Hoskinson says blockchain can offer practical solutions for healthcare data so citizens will earn money from their data. It’s what we don’t see in the current situation, and governments can easily trade people’s data without their consent.

The main reason for Cardano’s IOG team’s presence in Africa is to find ways to offer solutions for a faster technological revolution in that region. Now that many countries in that region are trying to develop faster, and innovative technology like blockchain can help them deploy infrastructures more reliable and secure.

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Cardano’s Community Media Launchpad Flickto (FLICK) Teases IDO and Beta Infrastructure Release

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Flickto (FLICK) Cardano-based launchpad brings together the concept of ISPO and decentralized media funding

Flickto, a Cardano-based project with real-world utility, addresses the problems of content creators with ADA-centric instruments.

Here’s how Flickto leverages Cardano (ADA) to promote content creators

Decentralized media launchpad Flickto (FLICK) announces an initial decentralized exchange offering on leading Cardano-based launchpad, Kick.io. This tokensale will introduce FLICK tokens to the majority of retail investors and allow Flickto to raise funds for next phases of its progress.

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Flickto provides the technical basis for crowdfunding for media content promotion. Crypto enthusiasts are able to support the promotion and distribution of their favorite media products with digital assets.

For such sophisticated products, there is a strong need for a low-cost, fast and resource-efficient blockchain. As such, the Flickto (FLICK) team has chosen Cardano for its high-performance and novel technical design.

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Also, Cardano (ADA) has a large and vibrant global community that is crucial for real-world decentralized projects. ADA holders are a backbone focus group for Flickto’s progress and the distribution of FLICK tokens.

FLICK rewards are the main incentive for users to take part in Flickto’s activities associated with content and staking. Then, FLICK will be listed on centralized exchanges and Cardano-based DEXes to allow holders to trade and stake it in third-party mechanisms.

Dissemination of FLICK tokens will be yet another trigger for mass adoption of Flickto solutions in the Web3 ecosystem.

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What is FLICK: Tokenomics and future plans

Initial Staking Pool Offering (ISPO) is the main way for the Flickto ecosystem to raise funds for project supporters. Not unlike Cardano’s staking pool for ADA, Flickto’s ISPOs should be considered an instrument for tokenholders to support their favorite products.

Besides FLICK rewards, participants in ISPOs will be able to receive non-fungible tokens as additional bonuses from the projects listed by Flickto. Receiving staking rewards is the only way to obtain FLICK before its official listings on CEXes and DEXes. So far, Flickto’s ISPOs have amassed 1,500,000 ADA in total value locked (TVL).

The aggregated supply of FLICK is 5,000,000,000 tokens. 40% of this supply is allocated to ISPO rewards, 20% are reserved for sales and the initial decentralized exchange offering (IDO), while liquidity and treasury initiatives will be fueled by 15% of the FLICK supply.

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The team, its advisors and partners will receive 15% of FLICK, while the remaining 10% will be transferred to marketing and operations needs.

Spreading the word about its mission, Flickto partnered with media veterans Ben Morris and Geraint Harvard Jones.

In 2022, Flickto is going to organize NFT airdrops, a token pre-sale and DEX liquidity incentives, as well as a beta launch of the main product and its associated retail application.

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Cardano Appears to be Skeptical With the Upcoming Rally, Is ADA Price Unsure?

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Most of the altcoins are hovering in a misty environment where the next move is very tough to predict. Cardano price trends make it still tougher as it swings within a very narrow range lower the targets to end the yearly trade. And hence a short-term plunge may be possible towards the support levels before making another move. 

With a drop in the trading volume of about 25%, the selling pressure is currently mounted compared to that of the buying. And hence the buying volume currently is just preventing the asset from revisiting lower levels. The bulls currently are completely passive and hence no signs of the asset reaching the upper resistance are seen. Moreover, the bears can make every effort to drag the price to the strong support levels around $1 yet again. 

cardano trading view

The asset appears to have undergone a serious downtrend ever since it reached its highs. Despite attempting to consolidate and accumulate strength, the bears appear to have always been on the upper hand. And therefore the chances of the asset hitting the important support yet again emerges. Once the support levels are tested successfully then the asset may flip and pull a massive leg up to hit the immediate resistance levels at $1.7. 

However, the target to end the year lies around the ATH, yet on the bullish note, Cardano may hover above $2. ADA price seems to be away from the market trend and hover within a negligible range. And hence the asset could range high with a notable influx of liquidity as the bulls could enter as the asset hits the $1 support levels. 

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Cardano Price Prediction: ADA at risk of further losses as death cross looms

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  • Cardano price is at the brink of collapse as the token faces weakened momentum.
  • The Ethereum killer dropped below a critical support level, suggesting a pessimistic forecast for ADA.
  • Cardano must reclaim $1.40 to invalidate the bearish outlook.

Cardano price continues to suffer from weakened momentum as ADA fails to bounce back after the crypto market crash. The Ethereum killer could be headed lower as bears dominate the market after the token fell below a significant support level. 

Cardano price faces imminent collapse

Cardano price has fallen below the lower boundary of the descending parallel channel on the daily chart, suggesting that ADA could have more room to slide. The slice below the prevailing chart pattern indicates that the Ethereum killer could tumble 34% toward $0.91. 

The first target for the ADA bears is at the August 4 low at $1.32, then at the July 28 low at $1.25, coinciding with the support line given by the Momentum Reversal Indicator (MRI). This area should act as a reliable line of defense for Cardano price. 

However, if Cardano price continues to lose momentum, the token could drop lower toward the June 23 low at $1.10 before falling further to reach the psychological support at $1.00. If selling pressure rises, ADA may eventually reach the pessimistic target at $0.91.

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Investors should note that there is a death cross on the daily chart, as the 50-day Simple Moving Average (SMA) has intersected with the 200-day SMA and is expected to trigger a sell-off.

ADAUSDT

ADA/USDT daily chart

The bulls could reverse the period of underperformance if Cardano price manages to reclaim the lower boundary of the parallel channel at $1.40 as support. However, ADA may face difficult challenges ahead of its attempt at a recovery.

The following area of resistance for Cardano price is at the July 7 high at $1.44. An additional obstacle will emerge at the July 4 high at $1.49 before another hurdle appears at $1.61, where the 21-day SMA and June 15 high converge. 

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In order for ADA bulls to escape the prevailing downtrend, Cardano price must also target $1.84, where the 50-day SMA and 100-day SMA meet and also break above $2.10, where the 200-day SMA and the upper boundary of the governing technical pattern coincide. 

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