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Cryptocurrencies are a brand-new way to exchange money. The demand for quick, inexpensive financial transactions is the main driving force behind the development of cryptocurrencies. Additionally, the purpose of cryptocurrencies is to give a level of equality that traditional currencies are unable to provide. An example of Cryptocurrencies pushing this narrative is Shiba Inu (SHIB), Dogelon Mars (ELON), and most interesting of all; Guffawli (GUFF).
Shiba Inu (SHIB), a meme coin built on the Ethereum blockchain, was launched by Rhoshi in 2020. A key feature of the Shiba Inu (SHIB) is that it can be exchanged for any token in the Ethereum ecosystem. Another trait that sets it apart is the Shiba Inu (SHIB) total supply. Produced at the launch of the project in August 2020, and coming in at around one quadrillion, it is easily the largest number of coins to ever be issued in the cryptocurrency space.
Following its inception, the decentralized exchange Uniswap locked in 50% of the Shiba Inu token supply. Users could only earn and trade cryptocurrencies using smart contracts and automated transactions between cryptocurrency tokens on the Ethereum network. Furthermore, the system is also known as an Automated Market Maker protocol (AMM), and it encourages customers towards becoming liquidity makers in return for a portion of transaction costs and free tokens.
Dogelon Mars (ELON) is a meme coin and an ERC-20 token built on the Polygon and Ethereum networks which are two of the most well-known blockchains and platforms of choice for many decentralized apps. In terms of total token supply, there are 1 quadrillion Dogelon Mars (ELON) in circulation overall. To properly burn the tokens and eliminate them from circulation, 50% of all ELON tokens have been given to Vitalik Buterin, the creator of Ethereum. This is a similar strategy by Shiba Inu. In terms of security, Dogelon Mars (ELON) is highly secure because it is built on the Ethereum blockchain. Ethereum is one of the most secure blockchains in the cryptocurrency sector thanks to its proof-of-work consensus process, which forces miners to create new Ether.
Built on the Binance Smart Chain (BSC), Guffawli (GUFF) is a decentralized meme coin that aims to cater to those in the financial sector feeling under the weather, going through distress, or burdened with psychological issues arising from the instability of the financial market. Derived from the Scottish word “Guffaw” which means to laugh, Guffawli has taken a psychological perspective and it intends to preach the much-needed gospel of laughter in the financial sector as a lot of investors are plagued with greed, fear, anxiety, etc which can be detrimental to not just their health but business as well.
To tackle this, Guffawli has come up with viable and implementable solutions to ensure that every investment is well taken care of at each stage, this will lessen or remove fear and facilitate strategic planning which will in turn make judgments about investments advantageous, for all investors who think long term.
Guffawli (GUFF) has a total token supply of 10,000,000,000 and it will be distributed as follows:
Most meme coin platforms are all bark and no bite, but Guffawli — through its strategic plan and unique approach — aims to dominate the meme coin space and be a positive assurance to investors.
Guffawli (GUFF)
Presale: http://smile.guffawli.io/
Website: http://guffawli.io/
Telegram: https://t.me/GuffawliTokenOfficial
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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Volkswagen posted first half earnings of $13.5 billion and now expects operating return on sales to go as high as 7.5%.
German automaker Volkswagen AG (XETRA: VOW) on Thursday, July 29, posted record first half sales of 11.4 billion euros ($13.5 billion) after experiencing a surge in demand for its products. The increased demand for premium cars in Europe and the Americas, and the tripling of electric car sales majorly contributed to the company’s sales volume. As a result, Volkswagen has now raised its projected profit margin target for the second time in three months. The company’s expected operating returns on sales is now between 6% and 7.5%. This is higher than the previously projected range between 5.5% and 7%.
The German car maker’s second-quarter deliveries were pegged at 2.55 million vehicles. This is an increase from the 1.89 million reported in the first half of 2020. Quarterly group sales revenue came in at 67.29 billion euros, up from 41.08 billion euros for the same period the year before. Furthermore, Volkswagen posted operating results before special items at 6.55 billion euros, up from -2.39 billion euros the previous year.
Volkswagen reports that it expects half of its sales in 2030 to battery-electric hybrids by 2030. It also stated that almost 100% of its new vehicles in major markets by 2040, will be zero-emission.
Volkswagen CEO Herbert Diess is happy with the realized first half operating profit before special items. In a recent statement, he attributed this to “…clear proof of how strong our brands are and how attractive their products are.” Diess suggested double-digit returns in the premium division of the company as well as rising demand for electric cars. The recent report suggests remarkable growth, considering that only last year the automakers had to lower their delivery expectations amid growing uncertainty.
Despite the recent sales optimism, Volkswagen expects to brave a peculiar and ongoing industry issue: a shortage of semiconductors. These semiconductors, also called ‘chips,’ are highly integral to the manufacturing of cars. The crippling effects of COVID 19 and rising demand have created a deficit of these said ‘chips’ in the industry. An effect so severe that even Nissan CEO, Makoto Uchida, has weighed in on it. The Japanese automaker’s top exec expects his company to manufacture half a million fewer vehicles in 2021, as released in a statement. As it stands, there’s also a shortage of factories making the older, less advanced chips that used in cars.
Volkswagen believes that there will still be hurdles to overcome in the future. In its earnings report, the carmaker cited economic challenges of the supply chain variety that will arise from a recovering global economy. Other issues it expects to tackle head-on include an increase in competition intensity and volatile commodity and foreign exchange markets. Lastly, there is the obligation to produce ‘greener’ vehicles that emit less carbon in the face of stringent emissions-related requirements.
Regarldess of the possible problems, the recent development is an improvement on the company’s situation exactly a year ago. At the time, the COVID-19 pandemic severely affected its sales volume.
Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.