The Echo Weekly

Echo Jul 26, 2022

Tuesday 7.26.22

Fellow Miners! We are back with another edition of The Echo Weekly.

The Echo Weekly will be on a regular schedule once 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
  • Launch and Airdrop of pCNV
  • Daily Spoon Drop Events
  • CNV Statistics
  • Miner of the Week

Major Crypto News

US Lawmaker Urges SEC to Go After Major Crypto Exchanges That Traded XRP - Regulation Bitcoin News

U.S Congressman Brad Sherman has urged the U.S Securities and Exchange Commission (SEC) to go after major cryptocurrency exchanges that traded XRP, which the regulator deems a security.

"It's easier to go after the small fish than the big fish, but the big fish operating major exchanges did many, many tens of thousands of transactions with XRP," said the Brad Sherman.

Tesla Sold $936M Worth of Bitcoin in Second Quarter

The price of bitcoin fell about 1.7% following news but regained its losses after CEO Elon Musk said Tesla was open to boosting its bitcoin exposure in the future.

Bitcoin and Ethereum Consolidate Gains, FTM Accelerates

  • Bitcoin price is consolidating near USD 22,000.
  • Ethereum dipped and tested USD 1,500, XRP is struggling near 0.35.
  • FTM is now the best performer among the top 100 coins.

Launch and Airdrop of pCNV

The long awaited airdrop of pCNV to early contributors took place on Friday 7.22.22 and completed distribution within a few hours. With this airdrop officially complete the protocol delivered 895,086 to 7575 holders. We wanted to thank each and every one of you for your patience and we are as excited as you are to have pCNV officially launched.  From a 40 thousand foot level there are 3 distinct things you can do with pCNV:
1. Receive a 2.25x boosted reward on quarterly dividends
2. Convert it to CNV
3. Trade/Buy/Sell

pCNV is a powerful token meant for the community and awarded via contributions made by miners. You can additionally earn pCNV with PEEPO v1 which can be obtained by earning Spoons (our social token within the Discord) through the powerful P.E.E.P.O system. Holding is the way to play pCNV to maximize your rewards in the short and long term, but you have the flexibility to do with it as you choose as outlined above. For more information regarding pCNV you can take a deep dive here.


Daily Spoon Drop Events

As our P.E.E.P.O system approaches it's official V1 release with even more exciting features to come we have been holding Spoon Drop Events daily in the Community Discord channels. Spoon Drops have been a very popular means to get community together, engaged and most importantly rewarded. Miners can get together and compete in games such as Gartic, Counting Game, Storytelling, Fall Guys, Hang Man as well as many others. Miners can also be rewarded for meme submissions, Like/RT pinned tweets posted on the official Twitter account and submitting ideas/suggestions. The team loves P.E.E.P.O and believe it will be a game changer now and into the future as we learn new ways to reward/incentivize our devoted miners. Stay tuned for more news regarding P.E.E.P.O v1 as we near its official release.

On Friday we celebrated the launch of pCNV by hosting a huge party that of course involved games, giveaways and last but certainly not least a game of Last Man Standing. We gave out a total of 5000 pCNV to various miners who participated in games such as Fall Guys, Gartic and also random giveaways throughout the event. The Last Man Standing event required miners to stay active and present in the pCNV channels of which 3 miners split a pot of pCNV for holding out for 19+ hours. A very impressive feat and well deserved reward for @(Mr.V) (∞) @ReadyForWhatsNext(∞) - UFogees, @ckapuga97 (∞)  with an honorable and respectable runner-up shout out to @Gain who played hours of banjo to keep the energy in the room high. Legends were born!!! Congratulations!

Task Code: SpoontoEarn


CNV Statistics


Miner of the Week

This week's Miner of the Week goes to Jcpaisita78. JcPaisita78 is a miner of which we can always depend on to be active, helpful and participatory in many if not all spoon drops and other corresponding events. They have done extraordinary work raising the bar submitting P.E.E.P.O tasks that are equally unique and of quality. JcPaisita78 is a great example of what community is and what it can be when enough people work together for the common good. We appreciate what JcPaisita78 does and wanted to give them Miner of the Week for their contributions. Congratulations JcPaisita78!


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