Echo Weekly

Echo Jul 6, 2022

Tuesday 07/06/22

Fellow Miners! Finally we are back with our Newsletter on a scheduled basis!

The Echo Weekly will be on a regular schedule again where we recap the most recent developments in Concave, while highlighting some of the amazing contributions from the community. Now without further ado, let us get started.


Summary

  • Major Crypto News
  • Upcoming launch for pCNV
  • Welcoming Frens from Rome DAO & Ape Spaces
  • Team Interview with NNova
  • CNV Statistics
  • Miner of the Week- Barolosan

Major Crypto News

Survivors of 2018-20 Crypto Winter Show the Way Through New Bear Market

Crypto is still far from mainstream today, but it has in many ways influenced the traditional finance world with a more established foundation. Nowadays crypto projects can be found in thousands of mainstream institutions, especially in fashion and entertainment industries such as COACH, Adidas, and Spotify.

‘In a bear market, you need to solve big problems.’ - Haseeb Qureshi

Coinbase Says Miners’ Sales of Newly Minted Bitcoins Don’t Add Significant Market Pressure

A common concern during cyclical downturns in bitcoin (BTC) mining is the extent to which miners are selling their BTC holdings, crypto exchange Coinbase (COIN) said in a research report last week.

In times of market upheaval and a falling bitcoin price, margins compress across the board and force more miners to become net sellers, the note said. Given the price drop and the resulting loss of profitability, the financing environment for the mining industry has “shifted materially” since late last year, and raising capital in the public markets has become very difficult, Coinbase said.


Upcoming pCNV Launch

Get ready miners! We are nearing the launch of pCNV. If you aren't caught up, pCNV is a way to reward contributors from Concave’s community and working teams. Holders of pCNV can claim dividends, redeem for CNV and trade on Concave’s native AMM. We know that miners have been eagerly awaiting for those sweet pCNV, and we are almost there. You can listen to more information about the pCNV launch at our AMA here.


Welcoming Frens from Rome DAO

Recently, Concave has been welcoming new people into our communities. While the recent events with Rome have been unfortunate. We wanted to extend a warm welcome to communities like the House of Kek who have been spreading great vibes with us since Day 1. Many frens from Rome took the offer and joined our Discord, and we invited them with open arms. Users from Rome who join received the exclusive Kekugee role and were given a set amount of Spoons to start out with. We welcome all kinds of communities to join and build along with us so if you want to drop by, feel free!

Team Member Interview with NNOVA


What is your background?

My background is in Sales, I worked for Mercedes-Benz and Land Rover & Jaguar for 5 years. I have also managed an Event Hall where I did over 50 Events from Weddings to Fund Raising. I founded a Foundation in Romania, called Multicultural Foundation and did Education projects for Youth with EU Funding, but also worked with orphans and rebuilt a wing of a children's hospital. I have managed this Foundation for 4 years.

How did you get into Crypto?

📚I'm in Crypto from 2017, my role is to educate people on how to start investing in crypto and stay safe in Crypto.

I strive to help people take advantage of the opportunity of our generation.

How did you learn about Concave?

I heard about it from other Discord communities like OHM and Arcane Bear. And was in the Concave Server in the first 10k people, if I remember well.

Jumped every hoop to stay in the server, and did Proof of Work to get White List Allocation. All this without knowing what the hell Concave is. :)

How do you envision Concave in the future?

I see Concave leading the way in the DaaS (DeFi as a Service) niche and expanding the services this great Protocol with its great Community have to offer.

👁‍🗨I see Concave in the next Bull Run melting people's faces, why?

Because…

✅Strong Community

✅Strong Product with good mechanics

✅Strong Team full of Chads with diverse skills

✅Strong Treasury 90% in stables (the good ones)

This is just the beginning.

People will brag to their friends for being so early to Concave.

What are your personal hobbies?

Health - Fitness - Wellbeing - Longevity

I study and apply different protocols that enhance my health and fitness.

🔸Fasting

🔸Nutrition

🔸Meditate

🔸Micro dosing

🔸Strength training

🔸Red Light Sauna

🔸Cold Exposure (cold showers, sea plunge in winter)

🔸I also like to experience plant medicine and mind expanding plants.

I am a father of 2 boys, one is 9 months young and the other 3 years young.

Having said that, this leaves little room for the hobbies, and focusing more on things that improve the quality of our lives.

What is a goal that you would like to achieve?

My all time goal is to have control over my time-body-mobility.

What does that mean?

🔸Have resources to live a good life

🔸Have control over my body and health

🔸Have control over where i live or what other country i want to explore

All this while doing meaningful work that I enjoy

And have a positive impact on other people's lives.

To achieve this I need cash flow.

I chose to build wealth in crypto because I think this is the opportunity of our generation to make “Wife Changing Money” as they say in Crypto.

This is why I am building wealth

🔸To have freedom to pursue what I am interested in

🔸And avoid doing things I don’t want to do

On my road to achieve this I'm taking with me people who are interested in climbing this mountain.

“Not All Who Wander Are Lost”


CNV Statistics

PEEPO Task Codeword: Cave Mart


Miner of the Week

This week's Miner of the Week goes to Barolosan, an exemplary miner who has been consistently active in the community and has been doing great work with doing their tasks. Barolosan fully embodies the Concave spirit with great vibes and showed off their skills recently in our Fall Guys session for Spoontastic Friday. We appreciate what Barolo san does and wanted to give them Miner of the Week for their contributions. Congrats Barolosan!


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