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Slavi Kutchoukov is a tycoon behind the introduction of Slavi Coin. It’s a digital innovation that has led to a token distribution of 1 billion SLV. The coin’s value remains unpredictable up to date.
Internet with Innovations
Internet introduction in the world today has led to numerous developments. Among these developments is the introduction of digital coins. It’s clear that digital coins are set to win over traditional money.
The reason is that governments cannot control it. For digital coins, governments nor central banks have control over it. That’s the reason why most people are going the crypto way. This has allowed them to achieve financial privacy and escape audits. Firms have started adopting the internet. And this allows them to offer clients swift and simplified services.

Tycoons like Slavi Kutchoukov, look into such advances within the crypto space. He went ahead to accept the challenge of coming up with their own digital tokens. Most of these tycoons have a common thing. They ensure that digital coins are able to adapt. So that it can adapt to the wants of consumers within the business jurisdiction. Due to this, yearlong businesses like real estate are going for cryptocurrency innovations. because it can help them meet the needs arising in the marketplace.
Slavi Kutchoukov is Promising Various Novelties
The tycoon is prominent especially when it comes to real estate businesses. He is also popular in the fashion
industry in regions like the United Kingdom and UAE. Slavi Kutchoukov has prestigious motors, money as well as spiced women around him. We can simply conclude – he has it all except digital coins identified with him. To ensure he has it all, Slavi Kutchoukov is after fulfilling the goal. He now owns at least a single virtual coin named after him. The tycoon is now jovial to introduce SLV.

Slavi Kutchoukov clarified that the token will guide the digital currency market. Such views are highly motivated by the nice reception SLV coin has had since its formation. The virtual currency has promised various novelties in the crypto market. These novelties include swift financial transactions, safety. It also has simple ways of using the newly introduced coin. With such benefits, people have an opportunity to use the coin regardless of where they are.
1 Billion Token Supply
There are zero records of the first token value. But it comes with a total distribution of 1 Billion worth of SLV in space. The supply is open to the public for purchase. The Slavi Kutchoukov coin is likely to launch in a few weeks to come. Thereafter it will get activated within premises under the tycoon’s management.
The crypto space continues to grow daily. SLV isn’t the only digital money in the crypto world today. We also have Solana which has made a historical step today. In 2020, Solana got introduced to the market. Its value has continued to gain momentum over the past few months.
When a person decides to organize with other people on ways to introduce their own policies. Then Decentralized Autonomous Organization (DAO) is the best way to make this happen. DAO also contributes to the decision-making processes attached to blockchain technology.
What’s DAO?
In several definitions, you will find DAO as an entity represented by policies. It is also put as transparent computer software. It’s normally under the control of members belonging to that organization.
The central government has no influence at all to manipulate the organization. Policies or rules are usually attached to a code that requires no management. Things like bureaucracy or hierarchy frameworks have no room in such organizations.

Nowadays, we have extreme usage of the internet around the globe. Users and the upcoming generation are the upcoming social entities. They are eagerly seeking solutions to many social problems. Does it also include methods of exchanging values in an environment equipped with trustworthiness? Blockchain technology has the capacity to enable trusted automated transactions. This also includes trustworthiness in such things as value exchanges. Internet users worldwide desire to put things in order. They want to achieve security and effectiveness. This is essential especially when working with same-minded individuals.
Bitcoin Fully Functional with DAO
Bitcoin (BTC) is the first in the crypto space. It fully functioned with the Decentralized Autonomous Organization and has computed rule setups. The system works in an autonomous way and it’s driven via consensus and related protocols. Not every Decentralized Autonomous Organization has taken space by force like BTC. Looking back in the month of May 2016, a German entity, slock. It introduced an innovation dubbed ‘The DAO’. This was to boost their version in the decentralized market. During that time, their story was a success which came with crowdfunding evangelism. It even collected at least 150M dollars of ETH (Ethereum). It’s so unfortunate that the code employed in their DAO had several flaws. Due to their hesitation, Cybercriminals managed to steal 50M dollars of Ether. This caused issues, especially with slock.it consumers who lost trust with the system as well as ETH.
Decentralized Finance Improves DAO
Today,
we have an outbreak of Defi (Decentralized Finance) that came into much effect in the year 2020. Defi has really helped to increase refreshed interests in Decentralized Autonomous organizations. Because now you have a good ideology of what DAO is, it’s essential to glean how the system works.

How does it work?
The key thing in Decentralized Autonomous organizations is a smart contract. Smart contracts normally define entity rules and also keeps the group’s finances. By the time a smart contract gets activated on Ether, there cannot be any manipulations to the rules. There is only one exception that is to start a voting process. So, for individuals who do something against the programmed rules, failure occurs. The treasury regulates expenditures to ensure no one uses finances inappropriately. Whereas the authorization of payments is through group votes.
Very recently, one of the Australian markets has collapsed drastically. It was the anxious behavior of traders about the widespread destruction of Covid-19. The pandemic is a threat to drag the world economy behind, making the recovery process more rigid.
Fall in ASX 200
The stock exchange almost lost 1 % in the previous trade. Therefore, causing at least a two percent
drop in the market. Industries closed with some huge minuses. The banks, as well as oil stocks, weighed down the marketplace. There was a fall in ASX 200. It was a 1.9% fall which is 147 scores towards 7.37K. Only six stocks made returns, while four were stable. Other 190 stocks fell beyond the 200 index mark.

A Drop Within a Day
According to Commsec on Twitter, this was a massive drop with 24 hours. There was a comparison to the previous one in February 2021 and the minimum closure in July. A senior officer at Burman Invest commented on losses incurred on AOI. The amounts totaled about 48B dollars. Julia Lee, a senior investment officer, said markets were closing to record highs. The massive issue of concern is that Delta is consuming the economy and affecting growth. Iron ore pricing dropped at least four percent in one night to around 130 dollars per tonne. This change in pricing made massive miners weigh on the marketplace after the drop.
Other components affected include Rio Tinto, which shed at least 2.5% while BHP dropped by 1.7%. Still, Fortescue Metals were also involved. They recorded a 0.6% fall. According to Julia Lee, all these changes in value are a result of miners carrying lots of damage.
Good Business Moving Forward
There
has been a felt reduction for deferred payments by borrowers. This is a report that came from the NAB (National Australian Bank). The decline is due to the current situation in the economic system. Ross McEwan went ahead to talk with the legislative committee. He told them about billions of loans that got deferred. It was a 1.8B dollar figure compared with fifty-eight billion dollars at the peak of the Coronavirus in 2020. According to Mc Ewan, there is a belief that a good investment before the pandemic is suitable.

Additionally, Ewan continued to say that many consumers are already in economic difficulties. That has further increased. This was as a result of the Delta variant that broke in the region.
Currently, most business ventures are hibernating. Such businesses are anticipating policies to pop up to get on track once more. In fact, for established and small businesses in existence, the situation is a bit complex. Mr. Ewan added that Australia is a country that requires a vaccine pass like nations in Europe. Currently, about 80% of qualified citizens in Australia have received their vaccinations. They had their initial vaccine jab in 3 weeks. That means their 2nd vaccine jab would happen by November 15th.
By September fifth, BTC (Bitcoin) had closed with at least 51,000 dollars. This was after going beyond the do-or-die 51,000 dollars resistance threshold.
How it Started
Bitcoin is a cryptocurrency that has been dominating the crypto space for years. Recently, it hit its highest mark four months ago. This is when Tesla’s Chief Executive Officer, Elon Musk, went
ahead. After which he made the legendary announcement of BTC payment suspension. The e-car company did away with Bitcoin transactions due to some environmental issues.

According to a tweet on Elon’s Twitter account on May 13th, he said that motor purchase deals got suspended. He cited concerns about the rapid increase of fossil fuel usage. He especially kept on dealing with BTC mines and transactions. Digital currency is an awesome ideology in most cases since it’s promising. He added to say that digital transactions can’t pop in with huge costs to the environment. It was clear enough that the e-car company wasn’t ready to get involved any time soon. In fact, the company was looking forward to employing less than 1 % of BTC’s power for each transaction.
Above 14 % in 24 Hours
Bitcoin’s pricing dived at least 14% in one day. This notable change followed after the announcement which came with much flak. Stuff got worse for the cryptocurrency as a result of Tesla’s influence. Along with
that the ongoing crackdown in various countries like China. The dominant digital currency was able to talk about forty percent within 7 days. This resulted in an ultimate bottom of 30,000 dollars. In the month of June 2021, BTC ultimately bottomed at least 28,500 dollars. In the month of July, things started to take a different turn. The popular digital currency marked a score of ten consecutive green candles in 9 days.

BTC has been able to cut through the 51,000 dollars mark. It remains unpredictable whether bulls will be able to turn the resistance into a boost.
Musk is a BTC Supporter
Most people may think that Tesla is showing irrelevancy in the crypto space. Elon may become somewhat responsible especially in the current recovery process. Elon had made a reaffirmation of his Bitcoin’s support during the ‘The B Word’ event. He showed interest in owning 3 cryptocurrencies, that is, the BTC, Ether, and Dogecoin.
He wasn’t ready to dump BTC since he desired to see the digital currency succeed in the coming days. In one of his statements, Elon cited that the BTC pricing may pull down resulting in his financial loss. He added that he may pump money into the crypto business but he isn’t ready to dump it. Some reports stated that Tesla was more likely to restore its crypto plans. And sooner or later the company is likely to accept the Bitcoin payments.