CryptoNinjas » Akash Network’s MAINNET 2 decentralized open-source cloud now live
Akash Network, a project out of Overclock Labs, today confirmed the successful launch of Akash MAINNET 2, an open-source cloud and viable decentralized cloud alternative to centralized cloud providers like Amazon Web Services, Google Cloud, and Microsoft Azure.
Empowering developers to break free from the limitations of traditional cloud infrastructure, Akash MAINNET 2 accelerates growth and scale in the blockchain ecosystem by users to decentralize their cloud infrastructure, deploying apps faster, more efficiently, and at a lower cost.
Through Akash’s platform, individuals, companies, and data centers with underutilized computing capacity will also be able to monetize and lease their cloud compute to those who need it, recouping the high costs of server maintenance and capital expenditure.
Recently, Akash announced an integration with Equinix Metal, the world’s largest data center and colocation infrastructure provider with 220 data centers in 25 countries, to expand access to global, low-latency, and powerful cloud infrastructure.
For the first time, developers will be able to launch applications such as DeFi apps, blogs, games, data visualizations, block explorers, blockchain nodes, and other blockchain network components on a decentralized cloud. Akash has announced integrations and partnerships with Tendermint, Cosmos, Cosmos’s Interchain Foundation, Inter-Blockchain Communication (IBC), Solana, Kava, and Chainlink.
“With the ongoing pandemic, we’re seeing more of people’s lives and work moving to the cloud. In the $370+ billion cloud computing market, MAINNET 2 provides a decentralized, faster, more efficient, and lower-cost option in the market. Akash MAINNET 2 propels our vision to enable high-growth blockchain companies and developers a viable alternative to centralized cloud services.”
– Greg Osuri, CEO of Akash Network
2-3 times lower in cost than the market, Akash’..
CryptoNinjas » Swiss bank alternative CrescoFin introduces new liquidity mining program
Following the successful listing of its wCRES token, CrescoFin today announce a new liquidity mining program in cooperation with GYSR, a platform that allows projects to configure and deploy their own yield farm with just a few clicks.
CrescoFin is a regulated Swiss bank alternative. The core offer is an insured, interest-bearing product in fiat (cryptocurrencies to come) with higher rates than customers can find at traditional financial institutions. CRES – CrescoFin’s equity token – is matched 1:1 with shares in the company, and these tokens have full voting and dividend rights protected by Swiss law.
wCRES The wrapped version, wCRES, can be freely exchanged by anyone, just like a share certificate traded on an exchange. To incentivize liquidity provision of wCRES, CrescoFin is launching a Geyser on March 9th. The program will reward liquidity providers of the wCRES/ETH pair on the Uniswap Decentralized Exchange with up to 25000 wCRES over 4 months.
In order to claim a portion of these rewards, users must first provide an equivalent amount of wCRES and ETH to the wCRES pool on Uniswap. After receiving a correspondent amount of wCRES-ETH LP tokens in return, the LP tokens need to be staked on the GYSR platform. The staking of Uni V2 LP tokens on the GYSR platform is not locked.
Liquidity providers can choose to leave the program whenever they want. But since the rewards increase on a linear scale, liquidity providers that stay in for the entirety of the liquidity mining program receive a bigger reward.
“Our community is our most valuable asset, so it’s important to align incentives between CrescoFin and its tokenholders. Through liquidity mining, we hope to provide a vehicle for users to invest in the long-term value of the company and at the same time reward financial commitments and participation.”
– Derek Mayne, Managing Director and Co-Founder of CrescoFin
CryptoNinjas » Horizen and StakeHound partner to launch new DeFi bridge for ZEN token
Horizen, a bl platform that enables businesses and developers to create their own public or private blockchains, today announced a partnership with StakeHound, a liquid staking enabler.
StakeHound will enable users to participate in the Ethereum-based DeFi ecosystem, while earning Horizen node staking rewards using stakedZEN (stZEN) – an ERC20 token issued by StakeHound as a 1-to-1 representation of a staked ZEN. Additionally, stZEN provides a seamless way for Ethereum-based DeFi users to join Horizen’s rapidly growing ecosystem.
“We are glad to partner with StakeHound, a project that places great emphasis on transparency and trust within their community and works with some of the highest integrity partners in the industry. Collaboration with StakeHound will provide our community with the highly anticipated on-ramp to the Ethereum-based DeFi ecosystem and enhance accessibility, usability, and attractiveness of ZEN for a wide variety of users.”
– Rob Viglione, Co-Founder of Horizen
StakeHound + ZEN stZEN is expected to be available on Sushiswap, a leading decentralized exchange, in late March 2021. In preparation for the launch, Stakehound released a publicly accessible test version of stZEN on the Ethereum Ropsten test network. It emulates how a typical user would acquire stZEN once it’s listed on a decentralized exchange on Ethereum.
This is only the first in a series of more exchanges expected to support stZEN in the coming future. Furthermore, stZEN users will always have the ability to swap their stZEN tokens with ZEN at a 1-to-1 ratio through StakeHound.
“By issuing stZEN, StakeHound is building a solid bridge between Ethereum’s DeFi and Horizen’s vastly distributed network and highly scalable blockchain ecosystem. Furthermore, holders won’t only earn from staking rewards, but may also earn additional rewards from the transaction fees generated on the different sidechain..
Looking for a product category to specialize in for your resale business? Electronics are easily one of the best products for online reselling, but also come with their own set of challenges. We’ll break down both the pros and cons of buying and reselling liquidation electronics.
What Makes Reselling Electronics Worthwhile? Consumer electronics are a big part of our daily lives—this makes them lucrative, in-demand inventory for reselling. The fact that there are so many smartwatches or activity trackers (for example) available, show the popularity of the product. Since a lot of people are purchasing these items, this allows resellers to move inventory fairly quickly.
Historically, video games, gaming consoles, and Apple products are also sought-after items that generate higher pricing. Since electronics tend to make for larger profits than other products, you’re right to think this is a good vertical for your resale business to tap into.
“Electronics” is the most popular category for both purchases and sales on Amazon. Amazon Prime Day 2020 data shows that 32% of U.S. Amazon Prime buyers purchased Amazon-branded electronics during the sales event—now imagine the demand for other big-name brands!
Sourcing liquidation electronics is a good way to get your hands on a lot of inventory at once and for a good price. There are tons of options for small business owners and resellers now. Whether you choose to go for refurbished/ overstock inventory, or through wholesalers or online liquidation sites, there are plenty of opportunities to earn a profit!
Bestselling Products in Electronics Amazon conveniently curates a bestsellers list that is updated hourly. This is a huge benefit to resellers as you can easily see what’s in demand and selling fast. Here are some of Amazon’s best sellers in electronics right now:
Fire TV Stick Amazon Smart Plug Roku Streaming Stick+ Echo Dot Smart Speaker, 4th Gen Fire 7 Tablet Echo Show 5 Wyze Smart Home Camera Kindle Paperwhite HP Com..
If you’re hoping to start an Amazon business or expand the one you’ve already been building, inventory sourcing is key. Where do you get goods to sell that are both in demand and offer you a decent margin of profit? Fortunately, there are several sources you can turn to for selling inventory on Amazon.
Thrift Stores and Local Sales If you have a smaller shop and you’re not looking to move products in bulk, you can often find great inventory in your own community. Hit your local thrift stores, yard sales, and the clearance racks at your favorite stores. You might be surprised to see how much you can make by purchasing these items at retail and then marketing and selling them on Amazon.
To go this route, you have to be very familiar with your product category and have an innate sense of what will and won’t sell. You also have to have a lot of time on your hands and a keen eye, but if you love to shop, it might just be right up your alley.
Drop-Shipping Drop-shipping is a popular way of selling online, and it can be profitable if done well. In a drop-shipping business, you contract with a wholesaler or distributor and they ship goods directly to your customers. This means you can sell products on Amazon without inventory taking up space or money.
The downside to this method is that the margins are likely to be extremely slim, and you have essentially given control of your business over to the company you’ve contracted with. This means if they mess something up, the customer service nightmare is yours and it’s your business reputation on the line. That said, if you’re looking for a completely hands-off approach to inventory, drop-shipping could be the answer.
Wholesalers So what about just ordering from those wholesalers and then handling the inventory yourself? It’s another option and one that a lot of businesses choose. Your margins will likely be better and you’ll have full control over customer service issues like the way goods are packaged and shipped.
2020 has changed the retail world in a lot of ways. Consumers became far more comfortable with online shopping than ever before. Meanwhile, physical stores had to lower their maximum occupancy drastically in many areas or close their doors entirely in others. Everyone — from Fortune 500 companies to small mom-and-pop shops — had to shift priorities toward digital shopping, curbside pickup, and other practices designed to minimize crowds. What about in-store returns?
While some stores stopped accepting returns entirely for a while, the concept has rebounded, and then some. We’ll explore the ways online shopping and other 2020 trends are shaping product return behavior into 2021 and beyond, and what this means for your brand.
Online Shopping Returns Industry analysts have long understood that an increase in eCommerce sales leads to greater returns. The general consensus is that about 30% of products purchased online are returned to sellers, and that’s in a typical year. There are several reasons that pandemic online shopping returns may be even higher.
Adding to the returns chaos, some brick-and-mortar stores are allowing consumers to ship returns back to them. They’re hoping this will help keep foot traffic down, making it easier to maintain social distancing. Growth in BOPIS sales will likely increase online returns as well. If you’re not prepared to deal with it, all of this will add up to large amounts of returned merchandise clogging up your valuable inventory space.
In-Store Returns The move toward eCommerce isn’t the entire story here. In fact, some digital-native brands like Bonobos, Casper, and Glossier are developing a physical presence with new brick-and-mortar stores. They will likely use these retail spaces to process returns as well as for in-person sales. One clear example is the new Amazon Fresh Grocery Stores, which now accept Amazon.com returns. This is in addition to Amazon’s return drop-off locations in traditional stores like Kohl’s and Whole ..
There are plenty of places to resell clothing, shoes, and accessories. One of our favorite reseller sites is Poshmark. This fashion community offers so much more than a simple sales tool. Read on to find out why we believe Poshmark deserves your attention if you’re an apparel enthusiast looking to start or ramp up your reselling efforts. We’ll go over the basics of this app, plus the pros and cons of selling on Poshmark!
The Basics of Selling on Poshmark Poshmark is a free app that lets anyone upload and sell clothing, shoes, and accessories. It’s designed to be incredibly easy to get started, but also offers a host of features you won’t find anywhere else.
To start, download the app on your iPhone or Android. Next, take a photo and upload it to the site. In less than 60 seconds, you’ll be ready to start selling. Easy right? Of course, there’s a bit more information to be found in the fine print, but the basics of selling on Poshmark really are that simple.
Poshmark Pros There are a number of really compelling reasons to choose Poshmark for all your fashion reselling needs. Here are a few of the highlights.
Buyers Poshmark has a huge community of fashion fiends (known as “poshers”) ready and waiting to buy your best finds. With over 60 million users, it’s a built-in audience that’s hard to beat. Not only that, the social aspects of the app (more on that later) mean these users are engaged. This is not a “visit once a year” kind of site. Most Poshmark users spend a lot of time browsing, liking, and commenting on the pieces they love. According to their 2020 Social Commerce Report, 88% of daily shoppers on Poshmark are repeat buyers on the platform.
Getting Paid Poshmark believes your cash is your own, and they seek to make things easy for sellers in the cashing out department. Within 3 days of a package being delivered, the price paid, minus Poshmark’s fee will be deposited to your seller account. From there, you can request to cash out at any time. They’ll dire..
If you’re a buyer who purchases and resells used cell phones (or maybe you’re thinking about getting into it), you’ve probably seen the term “R2 Certification” floating around. Several of the big carriers and manufacturers of electronic devices require that buyers of their trade-in and previously used models are R2 Certified. So what does that mean?
Why R2 Certification Matters Discarded laptops, mobile phones, and electronic goods are now the world’s fastest-growing waste problem. Consider this: only 15-20 percent of electronic waste (e-waste) actually gets recycled. What’s more, if not properly wiped, your contact list, banking information, and other personal data could still be accessible on that phone you just traded in. These are just some of the concerns that the ‘R2 Standard’ aims to tackle.
The R2 Standard The R2 (Responsible Recycling) Standard was created by the non-profit organization SERI (Sustainable Electronics Recycling International) to take aim at many of the growing concerns in the secondary mobile market. At its most basic level, the R2 Standard identifies and monitors best-practices in electronics repair, reuse, and recycling.
Data Wiping Think of this, there are an estimated 4.8 billion cell phones in use throughout the world; when those devices are returned, they will need data wiping and recycling so that manufacturers and retailers can remarket the devices to resellers. And when it comes to data destruction and remarketing, organizations need to keep current with the best methods to either stay – or become – a trusted player. The R2 Standard helps ensure this.
Environmental Protection Did you know that a single cell phone battery can pollute 600,000 liters of water? But it doesn’t have to be that way! A whopping 90%+ of materials found in a phone can be recovered and reused. By becoming R2 certified, a business can demonstrate how it will protect the environment when recycling electronic devices.
Additionally, there are a number of preci..
Customer returns of clothing, shoes, and accessories are at an all-time high: tens of billions of dollars worth of inventory get returned each year, most of which can’t go back on store shelves. But one retailer’s headache is a ThredUp seller’s money-making opportunity! There has never been a better time to think about buying returned or overstock name-brand, luxury, and affordable fashion to resell.
Tips for ThredUp Sellers to Buy Returned, Overstock, and Liquidation Apparel Here are expert tips on what you should look out for when buying customer returns and overstock merchandise to resell on ThredUp:
Buy online + directly from the source By purchasing directly from the retailer you can assume that there is no middleman involvement and no price mark up. Historically, it has been difficult for small online sellers to buy returns and overstock directly from large retailers and apparel brands. Over the past few years, however, a shift has taken place in how organizations offload their excess goods. Many are leveraging B2B marketplaces to sell smaller lots of inventory directly to small business buyers (who resell on marketplaces like ThredUp).
The key is to make sure you are buying from a known brand: many top retailers like Macy’s, HSN, and QVC have their own marketplaces for bulk quantities of returns and overstock, while others leverage multi-seller marketplaces that have dedicated sections for apparel and accessories like B-Stock Supply. In the case of multi-seller marketplaces, be sure to use one that has a seller rating system, so you can trust you are buying from a reputable seller.
Use online auction marketplaces to help with margins An affordable (and efficient) way to buy apparel to resell on ThredUp is by tapping into online auction marketplaces. These marketplaces sell affordable and name-brand returns and shelf pulls. Purchasing through an online auction marketplace can be a great, cost-effective way to find inventory because you’ll see what others ..
Customer returns of clothing, shoes, and accessories are at an all-time high: tens of billions of dollars worth of inventory get returned each year, most of which can’t go back on store shelves. You can bank on the busts of retailers and manufacturers and turn it into a Poshmark seller’s opportunity! There has never been a better time to think about buying returned or overstock name-brand and luxury fashion to resell. But before you buy apparel in bulk, let’s go through some of our top tips for becoming a successful Poshmark seller.
Buying returned and overstock apparel to resell on Poshmark Poshmark selling is easier than ever when you buy returned and overstock apparel to resell. You can quickly get your hands on tons of in-demand merchandise and then resell it online. By the time you finish reading this guide, you’ll be well on your way to a thriving apparel resale business.
Buy online + direct from the source By purchasing directly from the retailer you can assume that there is no middleman involvement and no price mark up. Historically, it has been difficult for small online sellers to buy returns and overstock directly from large retailers and apparel brands. But over the past few years, however, a shift has taken place in how companies offload their excess goods. Today, many use online B2B marketplaces to sell smaller lots of inventory directly to small business buyers (who resell on marketplaces like Poshmark).
The key is to make sure you are buying from a known brand: many top retailers like Macy’s have their own marketplaces for bulk quantities of returns and shelf pulls, while others turn to multi-seller marketplaces that have dedicated sections for apparel and accessories like B-Stock Supply. In the case of multi-seller marketplaces, be sure to use one that has a seller rating system, so you know you are buying from a reputable seller.
Online auction marketplaces save you money An affordable (and efficient) way to acquire inventory to resell on Po..