🎙Neko Morning Show Season 7 Episode 4 recap 🔹️Hosted by NONO & SOOS 📌TOPIC FOUNDERS ON NEAR PROTOCOL 🔰 FOUNDERS ON NEAR🏗️ 🔹️ It is no news that founders of web3 often encounter challenges around building a project ranging from the techs to financial constraints. It is also arguable that the best time to build is the bear season on the ground that the project that was conceived in the bear and succeeded may be bound to do well all around.(may not be true in all cases). 🔸️ The project might need to pass the test of low funding/liquidity and low community drive during the bear market which will also be a constraint for the Founders of a new project. 🔹️ However, for NEAR projects, the founders have the opportunity to secure funding from the Marketing DAO (MDAO) as long as their intentions and ideas align with those of the NEAR Protocol, such as onboarding and increasing transactions, among others. 🔸️ The funds received by these projects primarily go to running costs, staff payments, and research initiatives, ensuring a robust development process. 💡💰 🔹️ A good example is the NFT working group(NFTWG), NFT project founders can approach this body on NEARProtocol to seek funding on NFT-related projects and the NFTWG has seasoned NFT personnel that could also serve as advisors for projects and founders. 🤔 WHY FOUNDERS CHOOSE NEAR? 🔹️ NEAR Protocol has been steadily growing stronger each day, with cutting-edge technology, a focus on user-friendliness, and huge transactions which means NEAR Protocol is the chain of the people. Some of the reasons why founders built on the NEAR Protocol are; 🔸️ The techs; such as NEAR DA, a cost-efficient and data availability layer compatible with L2s which is offering 11,000x cheaper DA than Ethereum and 30x cheaper than Celestia. 🔹️ The Consensus Mechanism; NEAR uses a Proof-of-stake (POS) consensus mechanism and features a sharded architecture to scale transaction throughput. Its block generation scheme is called Doomslug and its proposed sharding design is dubbed Nightshade. 🔸️ The BlockchainOperating System BOS; the BOS is a complete framework designed for creating, testing, deploying, and distributing decentralized application frontend. This house has all the tools a builders need, making building easy. 🔹️ Transaction fees; NEAR Protocol gives arguably the cheapest Gas among all the chains. The average gas fee on Near is around 0.001 NEAR, or a fraction of a cent. This is enough of a selling point for both founders and users. 🎩 DAPPS ON NEAR 🔸️REF.FINANCE: Ref is a decentralized exchange 💱 on NEAR PROTOCOL currently hosting a Meme contest among four meme tokens LONK, NEKO, SHITZU, and BLACKDRAGON on NEAR. In addition, Ref provides some features on NEAR such as; ▫️🪙TRADE: Easy trading of varieties of tokens built on NEAR. ▫️💰POOL: Add liquidity and earn revenue from swap fee ▫️🚜 FARM: Stake your favorite LP tokens on Ref and earn rewards. ▫️🌈STAKE: You can earn more Ref tokens by staking $REF. This is where the meme contest on NEAR is taking place. 🔹️ HERE WALLET: A top Mobile📱Wallet on NEAR having launched .tg wallet and Hot🔥 mining ⛏️ on Telegram, Metamask snap, and now recently added web wallet which is not fully functional at the moment. With the integration on Metamask, one can easily sign a smart contract on NEAR on their Metamask wallets. 🔸️ BURROW: Burrow is a decentralized, non-custodial, pool-based interest rates platform that enables users to supply assets to earn interest, and to borrow against them to unlock liquidity. Burrow is similar to Aave, Compound, and other pool-based protocols. They are the first money market on NEAR native, bringing more liquidity and DeFi compatibility. 🔹️ SHARDDOG: ShardDog plays a crucial role in facilitating the onboarding process for numerous users onto the NEAR protocol. It accomplishes this by enabling individuals to mint free NFTs directly to their NEAR wallets, without incurring fees. If someone doesn't have a NEAR wallet, ShardDog offers the option to create a new wallet, and the NFT can be seamlessly delivered to it. Additionally, ShardDog has expanded its utility by incorporating it into airdrop claims, providing users with an efficient and streamlined process. This innovative approach has not only simplified the minting of NFTs but has also positioned ShardDog as a versatile tool for various use cases, enhancing the overall user experience. like what we see with the Meteor wallet and the Moon tokens. Sharddog is making Claimables exciting on NEAR PROTOCOL. 🪂AIRDROP 🔹️HERE WALLET HOT🔥TOKEN: Hot mining is still Ongoing and joining or creating a village will potentially boost your HOT🔥 earnings. 🔹️BLOCK GAMES: This is an app where you can farm BLOCK TOKENS by turning on Quests, Do gamify things, Literally playing games🎮, and potentially earning BLOCK TOKENS. 🔵 METEOR WALLET $MOON TOKEN🌚🌝 🔹️ The $moon token is set to launch in no distant time and according to the Meteor wallet team, $MOON token will replace $MEPT & $MPTS whereby all existing $MEPT & $MPTS will be converted to $Moon. 🔸️ The mystery🎭 towards the $moon token is still not clear and there's a Sharddog claimable which serves as a contract to mint/claim $moon. Stay tuned for more updates on $moon tokens. 🎩 SOME DEXES, WALLETS, NEWS FORUM AND STAKING PLATFORMS ON NEAR 🔹️DEXES💱 ~ Jump-defi ~Ref-finance ~Burrow 🔸️WALLETS 🏪💰 ~Meteor Wallet ~Here Wallet ~My Near Wallet 🔹️NEWS FORUM📰🗞️ ~Nearweek ~Neko Morning Show ~Cade Jogermman 🔸️STAKING PLATFORMS🏦 ✨ NORMAL STAKING ~Any Validator from Meteor or Here wallet ✨ LIQUID STAKING ~Meta pool ~Meteor wallet ~Linear 📈 QUICK MARKET UPDATES 🔸️ The general market still looks bullish, we saw BITCOIN break the $52,000 mark, and ETHEREUM $2,800 but sit at $51,830 and 2,770 respectively during the show. 🔹️ $NEAR currently at $3.30 and at NO 30 on the log behind APTOS according to Coingecko data as of 8:00 am UTC, 15th of February 2024. 🔸️ BITCOIN dominance at 53.97% and ETHEREUM at 17.7% as of 8:00 am UTC, 15th of February 2024 💰 BITCOIN HALVING?🤔 🔸️ Bitcoin halving is when the reward for Bitcoin mining is cut in half and takes place every four years. 🔹️The halving policy was written into Bitcoin’s mining algorithm to counteract inflation by maintaining scarcity. In theory, the reduction in the pace of bitcoin issuance means that the price will increase if demand remains the same. 📍WHEN WAS THE FIRST BITCOIN HALVING? 🔸️ The first bitcoin halving occurred in November 2012. The following halving was in July 2016, and the most recent halving was in May 2020. 🔹️The mining reward, or subsidy, started at 50 BTC per block when Bitcoin was created in 2009. The amount drops in half each time a new halving takes place. For instance, after the first halving, the reward for Bitcoin mining dropped to 25 BTC per block. 🔸️ The last halving will occur in 2140. At that point, there will be 21 million BTC in circulation and no more coins will be created. From there, miners will just earn transaction fees paid by users transacting on the blockchain. Written by: Fandix Catch up with the Neko Morning Show every Tuesday and Thursday by 8:00 AM UTC for yet another alpha on the NEAR Ecosystem and WEB3 and also don't forget to engage on our post on all social platforms!🔥🔥