Discover and read the best of Twitter Threads about #NECC

Most recents (2)

1/ šŸ§µ A Detailed Thread on $NECC šŸ§µ

Thanks to @cvxvxxgvd @AnonUser_404 and other $aurora ecosystem maxis ā€¦ Iā€™m becoming one myself.

Iā€™ve decided that I am going to provide you with pure alpha and explain the plays Iā€™ll be investing in šŸ¤

Enjoy! Only invest at your own risk āš ļø
2.1/ Introduction - wtf is #NECC ?

No, Iā€™m not talking about @Tradermayne extraordinarily large body part, I mean the ā€œyield-bearing, fully collateralised stablecoin protocolā€.

Essentially, deposited collateral is lent out to long/short traders to allow for up to 50x leverage
2.2/

The stablecoin is $NDOL and this is can be minted by depositing a whitelisted collateral. It is minted by a ratio of 1:1 to the collateralā€™s USD value.

NDOL retains its value against trading by seizing the tradersā€™ collateral, upon volatility and price increase.
Read 17 tweets
@ArmitageJim @premnsikka. 1/ The Timesā€™s @RobertEJWatts writes ā€˜Companies House under fire as fake firms get seal of ā€˜approvalā€™ for just Ā£12. Bogus crypto business highlights the failings of Companies House.ā€™ Fraud & #MoneyLaundering are endemic in the UK Financial system, ā€¦
2/ the ā€˜5 figure apparatchikiā€™ at @theFCA(FSA) has turned a blind eye for decades + UK fraud/racketeering laws are so weak + unenforceable that the ā€˜5 figure apparatchikiā€™ at the #NECC/#NCA, #SFO & @CPSUK have seemingly given up criminally prosecuting fraudsters (with ā€¦
3/ spiffy QCā€™s). The solution is straightforward but unpalatable for the ā€˜5 figure apparatchikiā€™ & their chums that benefit from the current ā€˜situationā€™: 1. Implement USA style Wirefraud/RICO laws & hard sentences as a REAL deterrent. 2. Require all UBOā€™s to be people & have ā€¦
Read 4 tweets

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