Free Airdrop: Catly Token for Binance Users

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Catly platform is the world's first token that supports buybacks during the presale. Binance users can claim 500 CATLY TOKENS for free with auto staking, and the claimed airdrops will be unstaked after listing and the daily stake rewards are allowed to be sold or staked again.  There is information that Catly is likely to be listed on Binance Exchange so take the opportunity to mine Catly token now! Below are the steps to claim the airdrop: Step 1: Register by clicking the "Sign Up" button using Gmail and create a Password.  Click "CLAIM" at the top right corner and enter only your USDT (Bep-20) wallet address from Binance and tap submit.  Step 2: Without delay, go to your Binance Spot account to check the USDT or check the email alert sent by Binance.  Wait for the USDT to be sent to your Binance account, and check the USDT amount that was sent to your Binance account.  Step 3: Go back to the Catly website, you will be asked to enter the amount of USDT that
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CBN crypto ban and it advantages to stable coin in Nigeria

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Central Bank of Nigeria (CBN) sent out a circular prohibiting Banks, Non-Banks Financial Institutions (NBFIs) and Other Financial Institutions ( OFIs) in dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges.

The Nigeria Apex Bank go further to threaten sanctions on any banks or financial institutions that found breaching the directives.


The advantages of the crypto ban in Nigeria to stable coin

Looking at it critically, the move by CBN could be an advantage in boosting the use of cryptocurrencies in the most popular country in Africa also been the second-largest Bitcoin market on Paxful platform. some ways are listed below:

  1. Peer-to-peer (p2p) will flourish
  2. Merchants will ask to be paid directly in cryptocurrency, this will work perfectly for international transactions.
  3. If a stable coin with mass adoption in Nigeria could be converted to Bitcoin, Ethereum etc. Peer-to-peer would be easy locally and it would increase the mass adoption of cryptocurrencies usage.
Those people with Bitcoin and Altcoins can convert it and spend locally, a merchant that accepts stable coin would be able to convert it to bitcoin and also to dollars if need be. Because Bitcoin doesn't have the flexibility of exchange for commodities due to its scalability.

So there won't be any need for exchanging Fiat money (paper money).

What do you think about the Nigerian governments move on cryptocurrency? Give your comment.



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Comments

  1. Mikkyogbe6 February 2021 at 15:01

    It's a welcome development will have being long awaiting for this so here it comes but, you need to let our MERCHANTS know their FATE on this how BEST and PROFITABLE it's to their BUSINESSES.
    THANK YOU AMBASSADOR DARE...

    ReplyDelete

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