5ire

CoinMarketCap and 5ireChain have, time and again, proven to be the leading pioneers of the crypto industry. Additionally, while CMC has played an essential role in accelerating 5ire&#39;s community growth and providing the world with an ideal platform that allows real-time price tracking for crypto assets, 5ire has introduced the world to the concept of a for-benefit economy that aims at a socially conscious future for all.On that note, let&#39;s dive deeper into their raw and honest views and opinions with this AMA featuring 5ire&#39;s Head of Marketing, Utkarsh Dubey, and Jin Wai Choo, BD Manager at CMC!Let’s start with some questions for Jin from the 5ire Team.1. There is a lot of negative news right now due to the FTX mess up, wars causing bear market conditions, what is your way to invest in a bear market?Jin: “Yes it has certainly shaken the sentiment in the market. I’ve been an investor in the space since 2017 and I&#39;ve always practiced dollar-cost-averaging (DCA) in the bear market. It is not easy to ‘time’ the market and know where or when we find the bottom. It’s best to DCA in as crypto prices come down. Personally, I&#39;ve been setting bids down for BTC &lt;20k, all the way down to 14k-ish.”2. What sort of crypto regulation structure should governments around the world follow?Jin: “IMHO, crypto space will flourish when regulations around the world have a ‘consensus’ as to what the best practices are. The recent events e.g. Luna and FTX have taught us all an expensive lesson, a painful one, but it will serve as an impetus to push forward better regulations for the crypto space. The structure should be an inclusive one to cover all investor classes (more so to protect the normies since they may not understand the space as well).”3. How did you get into crypto?Jin: “Got into crypto back in 2017. I started off as an investor in BTC initially on Bittrex. Then when Binance started in August 2017 or so, I quickly signed up an account and transferred my BTC there. I noticed there was a 2% spread between the buy and sell. I started taking a punt and taking small profits for every trade I made. Developed an interest for trading, and then dug deeper into altcoins. NEO and XRP were probably one of the best trades I&#39;ve made in terms of ROI.”4. How can we make crypto good for the world ?Jin: “Crypto as we know it has tons of potential, not just to serve as payments but for many other things. We need to provide education to as many people as we can. Make it a habit to tell your friends / family members about crypto. We should not leave a bad stigma in their mind especially in light of what happened recently with regards to FTX et al. Take this opportunity to educate one another, and bring a friend in. Another tip would be to watch more videos on Youtube - self educate and learn up what Blockchain has to offer, beyond the crypto realm.” It’s now time to move on to some questions for Utkarsh from the CMC Team.1. In how many countries do you have the ambassadors reach?Utkarsh: “With regards to our Ambassadors Program, we are present on every continent and try to add an ambassador every day or every other day. We understand that the community is probably the most important and integral part of any project or ecosystem. We have a strict legal and policy team that ensures that everyone is vetted and verified. We are consciously trying to get more women leaders onboarded. That said, we are growing every day and looking for bright and hungry people to take the movement forward.”2. Could you please talk a little about the crypto wallet 5ire is going to launch?Utkarsh: “One unique feature of 5ire, the 5ire wallet, allows you to purchase, hold and exchange some of the leading cryptocurrencies on a single application. Some key features include decentralization and EVM compatibility for using ERC-20 tokens and interacting with Ethereum dApps, operating on the Ethereum mainnet. It is also non-custodial, meaning users have complete control over their funds. Currently, the wallet won’t be an application and will be available on the web version of the testnet launching on 30th of November. We are finalizing all the documentation, and you’ll see them live on docs.5ire.org”3. How will 5ireChain stand out against other blockchains?Utkarsh: “What we’re doing with 5ireChain, has never been done before. 5ire has a unique consensus mechanism. When compared to other blockchains, 5ireChain intends to be the leading blockchain ecosystem to solve sustainability issues with its core technology, “Proof of 5ire”, which integrates sustainability &amp; social impact at the consensus mechanism level by economically rewarding companies for their sustainable practices. Thus achieving and motivating sustainable actions, by design. It is our way of empowering sustainable practices and rewarding people for the effort they are putting in, and that is what matters the most. ”That brings us to the end of our first-ever AMA session with 5ireChain and CMC. We look forward to collaborating more in the future.

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5ireChain

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