Ledger and The Backlash After Their Controversial Decision
Ledger announced a new service known as “Ledger Recover.” This service will enable anyone to store encrypted backups of their seed phrases with a total of three custodians. The goal of the future is to enable users to restore any private keys in the event of the loss of their seed phrase. The idea of sharing a seed phrase with custodians has been criticized within the web3 space, as the primary objective of the technology is to completely decentralize everything. Web3 enthusiasts emphasized the importance of self-custody and raised a lot of concerns surrounding the risks that are associated with sharing seed phrases. These include custodian hacks, data leaks from KYC providers, or government intervention in the future. The lack of an open-source code for auditing the proposed mechanism also raised doubts surrounding its security.
Investors are diversifying their portfolio with Tradecurve
Tradecurve can revolutionize how investors interact within the DeFi space and bring a truly decentralized solution. With Tradecurve, users are not required to complete a Know-Your-Customer (KYC) procedure and can use all of its services by simply depositing crypto and using that same crypto as collateral when making trades. Most crypto traders don’t work exclusively with cryptocurrencies but also work with forex, CFDs, ETFS, options, and much more. Tradecurve will unite all of these assets in their new on-chain platform, and the platform itself is fully decentralized and offers a high level of privacy, borderless access, and low fees. The stand-out features behind Tradecurve include high leverage starting from 500:1, algorithmic trading using AI, a VIP account service, a dedicated Metaverse Trading Academy, and negative balance protection.
The project is currently in Stage 2 of its presale and trades at $0.012. The presale stage is over 82% complete, and its next stage will offer the token at $0.015, an increase of 25%. What this means is that investors and traders need to get into the project early before it explodes in value. Analysts predict that its value can increase by 100x at launch, especially now after Ledger is facing backlash and more people are looking for truly decentralized platforms. The team will also onboard 100,000 new users in the first three months of operation and will implement Proof of Reserves (PoR) to bolster transparency.
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