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Synthetic Protocol smart contract innovates a new field of digital assets

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Latest news: Synthetic Protocol is about to launch innovative smart contracts.

Synthetic Protocol is the world’s first multi-chain and multi-dimensional synthetic asset protocol based on the mixed casting of encryption algorithms. As an innovative open source economic model and value discovery feedback mechanism, it aims to continue to fund open source projects, developers and community members based on the SYN protocol. Committed to building a real-value blockchain technology encrypted financial platform.

Synthetic Protocol is led by NAWA Foundation. Dr. James Elbaja is a core contributor to Synthetic Protocol, NAWA Foundation’s global strategy consultant, European DeFi Research Association expert, business management consulting mentor, senior scholar in digital economy, and early member of Bitcoin Fund. The core team members are technical elites and business leaders from well-known digital asset exchanges, public chains, and financial institutions, focusing on bringing real-world assets into the encrypted world through blockchain technology.

SYN is rooted in the world’s first multi-chain mechanism fusion main chain. It is a new paradigm of synthetic asset protocol. It adopts the Raft+DPoS consensus algorithm and comes with a SPEEDFORCE fast transaction transmission network. Most importantly, SYN also comes with an open cross-chain transaction API. , Smart contracts, container operation SDK, shared ledger system, etc., do not need to rely on centralized custody of trillion-level off-chain asset parallel mapping, without trust and centralized custody, auditing, and clearing. It is more scalable, accessible, and Programmability effectively supports the rapid development of DeFi and NFT sectors.

SYN adopts the DAO governance operation method. Voting rights will be allocated to platform contributors and value users along with the daily operation of the system, and power will be delegated to global nodes, and regulatory risks will be avoided to the greatest extent on a global scale. SYN aims to develop a complete decentralized encrypted financial ecological platform to create a cross-chain financial technology service ecosystem that integrates fund products, capital appreciation management, lending, financing, trading, games, financial incubation and other functions, and realizes the digital world of encryption Maximize the value of assets.

Synthetic Protocol is committed to becoming a value link bridge between the real world and the virtual world, linking pricing tools between different encryption ecosystems and usage scenarios, providing full-chain digital asset product transactions and related services, and providing customization for traditional enterprises, institutions, and large customers Blockchain technology services, incubate high-quality blockchain encrypted financial products, provide multi-dimensional support for technological development, enterprise upgrades and ecological development, and create the future of encrypted digital finance.

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KUNTA KINTE and the SLAVE CHAIN and SPIKE and Prince Emeka’s US Tour

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Andrew Earl Singer holding the Slave ChainSpike

Fort Lauderdale, Florida Apr 21, 2024 (Issuewire.com) – KUNTA KINTE and the SLAVE CHAIN and SPIKE and Prince Emeka’s US Tour
by Andrew Earl Singer, Worldwide Talent Magazine et al and MUAFA Worldwide Promotions, International Label Signing Agent

ROOTS is the Pulitzer Prize winning book (12 years of research) by Alex Haley. Kunta Kinte was born in 1750 in the Upper Niumi District, North Bank, Gambia and died in 1822 (aged 71-72) in Virginia, USA, his body is laid to rest in the Black Meadow Road Burial Ground in Spotsylvania County, Virginia, USA.

“After Roots first aired on television in 1977, a number of scholars and journalists questioned the veracity of Alex Haley’s story, some even suggesting that Kunta Kinte was in fact a fictional character, not related to Haley. When I took on the job of serving as historical advisor to the new Roots, I asked only this question: Could a person named Kunta Kinte have lived in Juffure, a town on the Gambia River, and been enslaved and carried to Annapolis, Md., on the Lord Ligonier in 1767? It didn’t take much research to answer each of those questions with a resounding yes”, writes John Thornton, a College of Arts & Sciences professor of African American studies and of history and director of the African American Studies Program.

Kunta Kinte was led ashore in chains on Sept. 29, 1767, Andrew Earl Singer of Worldwide Talent Magazine received information that a chain from the 1700’s found on the property where Kunta Kinte lived would be made accessible for his viewing and reporting.

“As soon as I held them in my hands, I knew this extremely old hand pounded by a blacksmith chain with a connecting nail/spike that it was used to hold a slave tethered to a tree. After researching the chain and its use to secure a slave, I realized the link was attached to the neck through a metal band with the chain, the location of where the chain was found (was below the surface and dug out) is only yards away from where Kunta Kinte was sold to Waller.

No one could escape with that chain tethered to the tree and connected to a metal ring fashioned around the neck.

The sheer weight of the chain and length (43″) and the attached spike (2″ with a worn rounded 1″ opening and a flat surface where the spike can be pounded into a surface) are exactly meant to keep a person in a stationary position. The actual spot where the chain was uncovered had a tree (now removed) next to it. I came to the home where I was given permission to metal detect with my brother Jon overseen by the property owner and actual finder of the chain, We brought three pieces of equipment and methodically combed the area which was the compound where Kunta Kinte was held until he was transferred to the Virginia Plantation in Spotsylvania.

BEEP, BEEP, BEEP, the detector periodically sounded and we dug up several other artefacts in different areas and we found one small specimen also made of iron ore.

Finally, we had reached the end of the search area that we were allowed to excavate and cleared that area of the property of any metal 18 inches deep.

Jon and I returned inside of the home with the owner of the property (name requested to be withheld) and I purchased the historic chain. (undisclosed price)

On 3-30-24, Jon and I traveled to meet with Curator Gwen Ragsdale at the LEST WE FORGET MUSEUM OF SLAVERY at 5501 Germantown Avenue, Philadelphia, Pa. 19144. Gwen gave a lecture to guests on Slavery that covered the realm of Slavery to Emancipation and many accomplishments that Black people have accomplished in making this a better world in every possible way.

Her lecture was a course from human trafficking, malicious treatment, documented evidence and the actual chains, shackles and other restraints used to keep Slaves from running away to freedom. After the lecture we met with Gwen and had the opportunity to compare the chain found where Kunta Kinte was held captive.
In my hands I held a comparable chain in size and weight to the one we have.. It was now apparent that we have a slave chain in our possession as opposed to a chain used for some other purpose as has been speculated, possibly as a chain for a boat or other uses. Gwen has verified that this chain is real as opposed to a modern chain made in a factory and has shown interest in acquiring the chain for the LEST WE FORGET Collection and we would definitely consider the chain being loaned to the Museum while on tour throughout the USA and the world.

Several years ago I began writing articles for one of the magazines I publish (Worldwide Talent Magazine et al) and the owner of a record label in France asked if I would publicize some of his artists. After several of those articles were published he began a discussion regarding publishing articles for his friend that owned a label in Nigeria.

I followed up his lead and began discovering the talented musicians’ from every genre being promoted by MUAFA Worldwide Promotions (Music Africa Awake) in Lagos, Nigeria, and began what has become a friendship of kindred spirits, we call each other brother in the real sense of what a brother is.

Prince Emeka Ojukwu known as ‘The Prince of Peace’ has promoted peace and goodwill in Africa many years before I recognized his efforts, I am now one of his biggest supporters of his Peace Initiative Worldwide. Prince Emeka Ojukwu has traveled all over Africa (presently) awarding Kings, Presidents, Governors and exceptional individuals with The Prince of Peace Ambassadors Award. The culmination of this phase of the Peace Initiative is a grand finale, THE AFRICAN GLOBAL PEACE SUMMIT to be held on August 3, 2024 at the Palace of The King of Possotome, SA Anagonou LATE Ayolomi II whom has recently been honored as a Prince of Peace Ambassador. This gathering will be televised and the topic is Achieving Peace and Development in Africa and the World at Large.

According to Prince Emeka, finding and safeguarding the chain was directed by GOD as part of GOD’s Intervention to help mankind heal and grow to what mankind as the caretaker of our planet must do to save earth from those seeking to destroy it.

PRINCE EMEKA’S TOUR OF THE BADAGRY SLAVE TRADE MUSEUM IN NIGERIA
“I wanted to feel the pain of my brothers and sisters, so I placed the shackles on my body to actually feel for a moment the horror of being a slave, to feel what they felt, to see myself as they saw themselves but for me it was only temporary, and I could remove my shackles and enjoy the freedom of being free.

Despite my freedom, I carry with me in my mind the images from the Museum and the struggle they had as they were forced to leave their home in Africa to be workers for the rest of their lives in Europe and America and never see Africa again.

It is overwhelming to think that this is my heritage and I do not understand man’s inhumanity to fellow man. The torture my people were forced to go through must never be forgotten and we must be reminded to keep this from ever happening again”, laments Prince Emeka.

Prince Emeka has many business ties in Benin as he travels from Lagos, Nigeria and the opportunity came up to go to Badagry specifically to see firsthand the Museum and see this tourist stop that had become a thriving West African slave port.

The Slave Trade Museum was a wakening call for Prince Emeka, the struggle for the African people during the Slave Trade debacle had always been a very difficult reality for him to understand but as he entered the grounds to comprehend this for himself and see the documented evidence, he became intrigued, and he was with many other people seeking to know how this could have happened.

The “Paramount Ruler” was Chief Seriki Williams Abass (faremilekun Fagbemi) a renowned slave merchant was behind the slave trade here. Records reveal that in Badagry, approximately 20,000 slaves were sold yearly in Badagry. The visit to the Slave Museum was an eye opener with artwork illustrations, the treatment, enslavement devices and how these people were tortured, it is a jaw dropping experience that can only be compared to war.

The experience went far above the eyes, it went to the heart and soul as Prince Emeka said a prayer for all of the people harmed by this atrocity of humanity. As the PRINCE OF PEACE, Prince Emeka, shares his vision of a future where mankind has no wars, there is no jealousy and we are all brothers and sisters, united.

Prince Emeka is prepared to meet with government leaders and people seeking to utilize the public’s interest in the humanitarian causes and to renovate additional sites as they have done in Badagry to bring tourism to prominence so it will attract more visitors and give local economies a financial boost. Prince Emeka would be willing and able to work with investors and governments in order to accomplish infrastructure and economic development as well as social issues that need resolution.

“People must become aware of how they are being manipulated in the destruction of the planet, how resources must be used to keep people from starving by using methods of feeding and nourishing rather than building weapons and using them for the annihilation and destruction of others for selfish motivations”, states Prince Emeka.

YES, WE ARE ON A MISSION, individually and collectively and without my meeting and discussions with Prince Emeka Ojukwu ‘THE PRINCE OF PEACE” I would have never come across the chain or the understanding of the slavery issue and so many of the accomplishments given us by the people of dark skin. For me, I look to the heart and mind of everyone and have overcome prejudices with love and compassion.

Prince Emeka has not journeyed to the USA nor I to Africa, the groundwork for both have been formatted. The itinerary for the US Tour by Prince Emeka includes the United Nations, meetings with Ambassadors, the Washington Times, Senators and Congressmen and Congresswomen, The Kunta Kinte-Alex Haley Foundation (Annapolis Md), National Museum of African American History and Culture (Smithsonian Museum Washington DC), African Burial Ground National Monument (NYC), America’s Black Holocaust Museum (Milwaukee Wi), Elijah P. Lovejoy Monument (Alton Il), Emancipation and Freedom Monument (Richmond Va), Family Foundation for Unification and World Peace (Washington DC), Gettysburg Foundation (Gettysburg Pa), Harriet Tubman Memorial (NYC), Hearth: Memorial to the Enslaved (Williamsburg Va), The Legacy Museum From Enslavement To Mass Incarceration (Montgomery Ala), LEST WE FORGET MUSEUM OF SLAVERY (Philadelphia Pa), Memorial to Enslaved Laborers at the University of Virginia (Charlottesville Va), National Memorial for Peace and Justice (Montgomery Ala), Mothers of Gynecology Monument (Montgomery Ala), Portsmouth African Burying Ground (Portsmouth NH), Sandy Spring Slave Museum and African Art Museum (Silver Spring Md.), Slavery Memorial (Brown University RI), Statue of Frederick Douglass (Rochester, NY), United Nations Slavery Memorial (NYC), White House, Lincoln Memorial, Jefferson Memorial and the Library of Congress. Additional places may be added, some may not be visited due to time constraints on this US Tour by Prince Emeka “The Prince of Peace”. We have objectives for this historic chain, it will NOT be sold, it will not be donated as some have requested, it will be on hand during the Prince Emeka US Tour to be photographed and discussed for exhibition in these museums and others throughout the world.

Our plan is to join with other people for the Alex Haley/Kunta Kinte Festival 2024 in Annapolis, Maryland and present the chain for a yet to be determined period of time to be on display and then moved throughout the world to be displayed in Museum’s. There is a condition for a museum to display the chain, any relic in their collection must first be returned to the country of origin from where it was removed during war time or other conflict.

We have several objectives regarding the chain and spike, matching the chain with other known chains in museums throughout the world, a metal analysis to determine when and where the chain was made, a DNA test to identify as a fact that it was used on Kunta Kinte, we are well aware of how it was used as stated above in this article. We realize making the assumption that it was used to restrain Kunta Kinte is impossible to prove, unless the DNA is a match but a preponderous of the evidence at hand persuades us to make the case, herein.
There is no doubt of the historical significance of the the chain with the nail/spike as it appears to be one of a kind from all we have been able to see, it is our belief that this international treasure can best be utilized as remaining in our collection where it will be safeguarded and protected as well as being relegated to its importance and to be further studied and utilized as a true historical and significant contribution to the history of slavery for all to see.

https://thecustodianghonline.com/2024/02/michael-bass-honoured-as-prince-of-peace-ambassador/
..
Prince Emeka Ojukwu
Founder/CEO
Music Africa Awake (MUAFA Worldwide Promotions)
Office Number: 014534590
WhatsApp: +234 816 4839 180
Facebook: Music Africa Awake
Email: [email protected]

Alex Haley Memorial in Annapolis MdPrince Emeka and King of Possotome SA Anagonou LATE Ayolomi IIPrince Emeka wrapped in Slave Chains at the Slave Trade MuseumPrince Emeka at the Slave Trade Museum

Media Contact

Worldwide Talent Magazine

[email protected]

954-624-2240

Source :Music Africa Awake

This article was originally published by IssueWire. Read the original article here.


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Crypto Staking: Navigating the Difficulties of This Lucrative Practise

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Dubai, UAE, 2nd May 2024, Crypto staking is becoming more popular among cryptocurrency holders as it provides opportunities to earn passive income while contributing to the security and functionality of blockchain networks and blockchain-related projects. Yet, all potential stakers should remember that staking also comes with its own collection of challenges and dangers. 

Exploring Staking 

Initially, staking cryptocurrency meant locking one’s tokens into a blockchain network to help it operate and earn rewards in return. As the industry developed, staking became more diverse. Various staking approaches have emerged, enabling potential stakers to choose the one that suits their objectives and requirements.

Among the most noteworthy staking types are pooled, delegated, and liquid staking. Pooled staking involves liquidity pools that many token holders can contribute to, and rewards are shared proportionally among each other. In delegated staking, stakers transfer their staking power to a validator node holder, receiving a portion of their rewards. Liquid staking, a more recent development, allows stakers to use their staked assets through acquired liquid synthetic tokens, thereby enabling them to sustain liquidity while practicing staking. 

Challenges 

Crypto staking can be a complex process that comes with its own challenges, the foremost being the difficulty of choosing the secure and promising project to stake into. Therefore, having a good understanding of how the DeFi industry works and what processes are the most influential development-wise is imperative for engaging in staking. Learning about blockchains and underlying mechanisms and trends can be challenging for many users, but it is a must for successful trading and creating balanced passive income strategies. 

The second challenge is the possible loss of liquidity. Lock-up periods are a standard staking feature that requires stakers to lock their tokens for a specific period, which cannot be changed or ignored. This means their owners cannot access locked tokens even if they are highly needed. This lack of flexibility can be devastating for those who stake too much of their funds and miscalculate the market movements. So, carefully considering the lock-up period requirements and the staking amount before committing is critical.

The third challenge is the inconsistency of staking rewards. The amount of rewards earned can fluctuate based on different factors, including the performance of a network or a node, asset price volatility, inflation rates, etc. Predicting and managing these fluctuations can take a lot of time, effort, and expertise, initially leading to unstable earnings. 

Dangers

One of the significant risks associated with staking, namely in Proof-of-Stake networks, is centralization. Centralization may ensue when a small group of validators or liquidity pool contributors acquires a substantial share of the network’s staked assets. Such an event seriously compromises the network’s security and, consequently, the soundness of one’s staked funds. 

Another danger is slashing risks that both validators and stakers can be subjected to if they break specific, predefined rules. While honest stakers should not typically worry about the said penalty, knowing all the rules and possible consequences of misconduct is still helpful. For instance, stakers who validate transactions may be fined for going offline for extended periods. Delegating stakers may also be subject to the same penalty risks, motivating them to choose those they delegate their staking powers more carefully.

Finally, stakers may encounter potential regulatory risks caused by the lack of clarity in regulations. For instance, depending on the jurisdiction, staking rewards may have different tax implications, leading to confusion and legal complications. To navigate these complex issues and avoid possible negative consequences, stakers should keep educating themselves on changes happening in the regulatory field worldwide and seek professional guidance if necessary.

Tips for Navigating the Challenges

Before staking, it is important to keep certain things in mind in order to make informed decisions and minimize risks. Firstly, when selecting validators or pools to delegate tokens to, it is critical to conduct thorough research. Seek out reputable projects or operators with a reliable performance and security history. This will help you avoid scams and ensure the safety of your investments.

In addition, stay up-to-date on news and updates from blockchain networks, projects, or pools you stake in. Changes in protocol or network policies can significantly affect staking rewards and create new risks, so keep a close eye on your staking performance and make any necessary adjustments promptly to preserve your income and staked funds.

Furthermore, it is recommended to stake in multiple DeFi projects, combine staking with other methods of generating income, and avoid investing all your funds to mitigate risks even more. 

Conclusion

Staking, despite its challenges, is one of the most discussed and preferred methods of earning passive income within the DeFi industry. Although highly profitable in theory, staking is quite risky. To maximize one’s staking experience and safeguard assets, it is critical to stay informed and proactive, educate oneself, and be aware of the risks involved. 

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Accountant Michael Pocrnich Enumerates the Keys to a Successful Audit Preparation

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Minnesota, US, 2nd May 2024, ZEX PR WIREMichael Pocrnich, an accounting professional with a distinguished career of over twenty years, recently offered his insights into the critical elements of audit preparation. Pocrnich, based in Minneapolis and currently a Finance Manager at Element Financial Advisory, has played a significant role in guiding organizations through the audit process, focusing on the accuracy and clarity of their financial reporting. He highlighted eight specific areas that organizations should consider in order to successfully prepare for an audit, including documentation, reconciliation, access to information, internal reviews, inventory checks, compliance, financial statements, and communication.

“The cornerstone of any audit is documentation,” asserted Pocrnich. Proper documentation for all financial transactions, including invoices, receipts, and contracts, is essential. Maintaining and producing proper documentation not only validates the transactions of an organization but also provides a comprehensive trail for auditors to examine the financial activities over the period under review. “Documentation alone does not guarantee a smooth audit, but a lack of documentation will lead to a difficult audit at best.”

According to Pocrnich, reconciliation is a critical step in audit preparation. “Ensuring that your ledgers and bank statements correspond is not just important; it is absolutely crucial.” He explained that engaging in regular, thorough reconciliation practices is fundamental to affirming the accuracy of recorded financial amounts. This diligent process aids in the early detection and resolution of discrepancies, which facilitates a smoother and more efficient audit. This level of attention to detail is important in maintaining the integrity of financial reporting before an auditor’s examination begins.

Michael Pocrnich went on to highlight the importance of providing auditors with unobstructed access to financial records. This includes making available past audit reports, the general ledger, tax returns, and financial statements– all of which are fundamental to a smooth audit process. He is also a proponent of conducting an internal review or audit before the external auditors step in. He described this as a proactive measure to identify and correct issues early on, thus saving time and maintaining the organization’s reputation during the actual audit.

For companies with physical inventory, Pocrnich stressed the importance of inventory checks. “A physical count is absolutely critical to verify the actual existence of assets. It’s not just about confirming what’s there; it’s about ensuring the integrity and accuracy of the company’s financial reporting,” he advised. This step ensures that the valuation of inventory in financial statements is accurate and substantiated by actual stock levels, thus preventing discrepancies and potential financial errors.

Compliance is another area that he emphasized. Adhering to relevant accounting standards such as GAAP and IFRS, as well as compliance with tax laws and SEC regulations, is non-negotiable. This ensures that the organization remains legally sound and maintains its credibility. Hand in hand with compliance is the preparation of complete and accurate financial statements. Pocrnich advised that these documents represent the organization’s financial integrity, and they should be prepared meticulously to provide a clear base for the audit.

Communication with auditors is another important key to a successful audit. Pocrnich encouraged maintaining an open line of communication, being ready to explain accounting methods, anomalies, or transactions. He explained that this facilitates mutual understanding and contributes to the effectiveness of the audit. Throughout his roles, including as a Controller and as a Finance Manager, Pocrnich has advocated for thorough audit preparation. His extensive use of accounting principles like GAAP, FASB, and GASB has been instrumental in his approach to financial accuracy and leadership.

In his current role, he oversees accounts payable, payroll, and financial compliance with a systematic approach. He emphasizes that successful audit preparation is a fundamental professional responsibility that underscores an organization’s commitment to transparency and strategic foresight. Michael Pocrnich’s message is straightforward: diligent preparation, strict compliance, and clear communication are imperative for a successful audit. These principles enable businesses to demonstrate financial clarity and uphold a standard of trust and quality in their corporate practices.

About Michael Pocrnich

Michael Pocrnich is an accounting professional with over 20 years of experience, primarily in non-profit accounting, auditing, and financial analysis. Based in the Minneapolis area, he holds a BA in Accounting from St. John’s University. In his early career as a Senior Auditor at CliftonLarsonAllen, Michael managed non-profit audits, developed internal controls, trained junior staff, and presented financial reports to leadership. He is known for his financial forecasting, reporting, and analytical skills, as well as his proficiency in various ERP and CRM software, including the Microsoft suite. Currently, as a Finance Manager at Element Financial Advisory, Michael Pocrnich provides CFO and Controller services for a range of clients, from government and non-profit organizations to entities with revenues exceeding $20 million. He specializes in financial forecasting and manages all aspects of state and federal grant administration. His prior role as Controller at Beltz, Kes, Darling & Associates (now BerganKDV) involved similar duties and the leadership of annual audits and client financial facilitation. Michael’s professional skill set includes staff management, client relations, and a high emotional IQ, making him a strong communicator and customer service expert. He efficiently oversees accounts payable, payroll, and financial compliance, leading his team effectively. Michael Pocrnich’s extensive use of accounting principles like GAAP, FASB, and GASB throughout his career demonstrates his commitment to financial accuracy and strategic leadership. His experience and approach position him as a key resource for organizations looking to strengthen their financial practices and oversight. 

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