41st LeoFinance 🐯 curation digest

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@HODLCommunity presents to you the 41st LeoFinance Curation Post

We feel very excited as we think we will address one of the most important issues on the leofinance.io platform: Curation.

We truly hope, big stakeholders will support this initiative in order to spread rewards to some amazing writers.

Our goal is to support content creators and generate qualitative interactions between LeoFinance users.

We will set a 5% beneficiary for every author selected in this curation report.

So Lions 🐯, let's roll !

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Filipinos Being Taxed from Playing Axie Infinity is a Good Thing by @adamada

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The play to earn model is a wild west and there are no clear guidelines on how to proceed as far as I know. What if some grade school student happens to open an account on a cryptogame and started earning some digits enough to qualify them within taxable range? I’m sure there’s an existing answer out there somewhere but I’d appreciate more official memorandums from the local government to dumb down these concepts for the layperson that gives into these hypes.

If Axie Infinity has gained enough attention to be under the Philippine government’s radar, it would be interesting to them make public statements about other Hive games we got going here for extra publicity. Ever since that article published by bitpinas about Splinterlands went viral I noticed a rise in Filipino players on the game. Not actively blogging but playing the game and sharing news about it on facebook groups.

The regulations are growing on top of crypto-related things. Due to the massive interest in crypto all around the globe, the intention of policymakers is to both secure the people and administer proper taxation for crypto gains. In the case of the Play2earn model, it is really interesting to see the actions taken by governments due to the nature of gamefi concept. Will there be taxation for fun? 😅 Not pretty sure...

However, without taxation of crypto gains, the policymakers are not likely to stop at some point. Thus, we should encourage them to be "crypto-friendly" as much as possible.

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Analysing delegating to Ecency by @beyondhorizonmm

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Today I will analyse delegating hive power to ecency worths or not.
Yesterday I delegated 2500 Hp to @ecency. Then today I have got 0.797 Hive as a payout.

Fortune does not stop here. Ecency also give 100 points per 1000 HP. But you can delegate what ever you want. I have got 250 points and it worths approximately 1 hive. If you buy point form ecency you need to give 1 hive for 267 points. So 250 points worths approximately 1 hive. To be exact it worths 0.93 hive. So you will get back around 1.7 hive for 2500 HP.

We sometimes forget how lucky we are as we are all early birds in Hive ecosystem. Whatsoever you do, whatever you play, you are earning like crazy 😄 Take a look at the example of @ecency... In this post,the author outlines the incredibly profitable source of income thanks to decency.

Both earning nearly about 0.8 Hive for 2500 HP delegation and 250 decency points to be used for boost + promotions. In the end, you are getting 1.7+ Hive for your 2500 HP delegation! Imagine you reinvest your HP earnings systematically.

F-A-N-T-A-S-T-I-C 🤤

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What is Terra (LUNA) used for? by @magnacarta

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Imagine a cashless payment system where you as the customer can pay for things using your card or mobile device (check). Imagine going to a merchant which accepts one of several such cards or mobile device services (check). Now imagine being in a region where instead of "several" there are at least 45 such cards or mobile device services accepted. Now imagine the nightmare it must be to handle 45+ ways to pay for something "without cash" in hand. Terra (LUNA) is used to turn this nightmare into a painless dream, and this dream into reality. A crypto payment solution is what Terra (LUNA) is used for.

The LUNA token is used to maintain equilibrium among the various Terra-based stablecoins. That's a pretty important function for a token.
Besides helping the Terra stablecoins maintain their pegs, LUNA is used for staking and for governance within the Terra network. Community proposals are submitd and voted upon
Holders of staked LUNA receive 100% of the transaction fees generated by the stablecoin payments. This helps increase network effects for Terra while accelerating adoption of the stableecoin.

There are thousands of cryptocurrencies in crypto markets. As the time passes, the possibility of finding out gems will be more challenging for all of us. Thus, LeoFinance is an amazing place where we can find such great posts to learn about promising projects. In this case, we are exploring Terra Luna.

Terra hosts smart algorithms that are taking things easier for both customers and sellers to minize the risks of trades done by cryptocurrencies. Thanks to the algorithms behind, there is always equilibrium among the assets. Besides, LUNA enables both %100 of Tx fees and governance for the hodlers.

Pretty cool, isn't it? 😎

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CBDC's Cross Border Payments System: Worse than Crypto by @xuanling11

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Singapore’s Central Bank is testing cross-border payments using multiple CBDCs. So what is a cross-border payments system? We may find some insights here.
When CBDC crosses from one country to another, its exchange rate may differ. We need a solution to settle payment instantly that competes with cryptocurrencies.
It may take longer if different counties require to verify parties’ identification and one country does not have kept database to verify their users.

One potential solution to speed up the process
The central bank may store your identification on their database in order to verify it automatically.

Your identity will be linked with your CBDC
It is likely that you will have your identification linked to your CBDC and the wallet.

From the perspective of central banks, there is an emergency for a better financial system that can operate flawlessly for every single person. While some of them are testing old-school implementations, there are other counterparties who are working on their intra-blockchain system. At that point, the near future is very likely to be the time when there were endless discussions over the best practices for everyone in the globe.

Even if there may be slight differences in the operations, the vast majority of them will be eager to connect the identity of people with their digital savings to make it easy to track for them. However, this will be advertised as if it's for the sake of human beings.

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ADA (Smart Contracts Ready) | Can it reach 5$?by @khan.dayyanz

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Ada maintaining 3rd rank by marketcap has great potential once 2nd phase of bull market takes off. ADA Smart Contracts update has been in working and it seems it would be rolling out in mid of September. Testing has already been started which has gave a massive surge to it's price, Going from under 1.5$ to about 3$ under a month. Let's see what the news will bring for investors.

ADA is eyeing 4-6$ target in near term (2-4 months) and about 8-10$ (in full long run). Currently ADA/USDT pair is struggling to break 3$ ADA. It has already tried to break the resistance two times in last 7 days but strong rejection both times.

ADA/BTC pair is already at ATH against BTC, and if it is able to break that because of smart contracts or something, it can shoot off, but is highly unlikely.

After the launch of ADAX Decentralized Exchange on Cardano blockchain, the whales initiated the operations to pump ADA with a strong narrative. Though the blockchain has long been quite idle, the upcoming projects are likely to affect the price of the coin in a good way.

If you are an active day trader, the volume of ADA can be profitable for you to make some bucks. Obviously, the attention on ADA will be vivid for a very long time until the sentiment of the market changes upside down. G' luck in your trades 👊🏼

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This post is created by @idiosyncratic1 to curate quality content on LeoFinance.

Hive on !

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Delegate to @hodlcommunity

If you would like to delegate some HP to our community and support us; we give you back 90% of the curation rewards on a daily basis ! APR > 12% !

We are also currently working on a LEO Power delegation service for the Leofinance Community.

By following our HIVE trail here

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How to reach us | Links

Discord Server | https://discord.gg/VdZxZwn

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Thank you for the mention!

Does @hodlcommunity accept delegations in LEO Power, or does it have to be HIVE Power?

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Hello there !

We accept all delegations and especially LEO ones but at the moment we only pay daily curation rewards to HIVE Power delegations.

Nevertheless, some users still did LEO Power delegations.

Thanks for asking though.

Best,

CryptoLemon

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Thanks for he clarification. I'll keep that in mind as I earn more HP before I delegate.

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