IFRS VS GAAP Viewpoint
More and more businesses are accepting cryptocurrencies, (Cryptocurrency will be impacting the future of business, Mike 2021) including Stable coins, as a means of payment alongside more traditional methods such as cash and credit cards. Proper accounting for these businesses in GAAP monetary statements is an emerging area as this glide continues.
The Financial Accounting Standards Board (FASB) is the Internal Revenue Service of the accounting world. The Financial Accounting Standards Board creates generally accepted accounting principles (GAAP). As we speak, there are no cryptocurrency-specific GAAP rules yet.
In the absence of these crypto-specific rules established…
Cryptocurrencies have become extremely popular in recent years because they are an exciting and potentially lucrative investment. If you are relatively new to crypto, it can be risky, but do not worry. Not everything is bleak. That’s why we wrote this piece to help you figure out the dark areas and the right exchanges in this industry and start making money.
Ensure you read through our expert facts before getting started
Know About Scammers In The Crypto World
You can find a lot of social media hype these days about various investment strategies that will help you make big profits…
Nexen is a decentralized platform that connects P2P lenders and cryptocurrency borrowers. Nexen connects people or companies who want to lend money with those who want to apply for a loan. It is a way for borrowers to get financing without having to resort to traditional sources of financing such as building societies and banks.
Some sites automatically divide the money you lend among many borrowers, but others like Nexen may allow you to choose who to lend your money to. Again, NXN iѕ a governance tоkеn; it’s сurrеntlу bеing distributed tо liquidity рrоvidеrѕ.
In the future, token holders will…
Before discussing Nexen Finance, let’s first get to know what exactly Defi is. Defi is the future of finance and the year 2020 is already considered to be a year of Decentralized Finance, where it gets importance and acceptability in the market. So, it’s important to know the concept of this term.
With Defi (decentralized finance), anyone in the world, anytime and from anywhere, can send money to another person for a little fee eradicating the middlemen. The objective of Defi is to give users full control of assets through decentralization and blockchain technology. …
Nexen Pool Staking requires a minimum of 1000 NXN tokens to participate. You’ll also need a small amount of ETH in your account to pay gas costs (transaction fees).
Nexen Pool Staking has been designed to work with Metamask.
3. Ensure you have enough Ethereum to cover gas fees for the transactions.
4. Enable “contract data” in the Ethereum app if using a hardware wallet to sign transactions in Metamask.
First of all, we need to start from the beginning. Our goal is to create t a Decentralized Finance platform, where everything should be transparent for the community.
So, what does Decentralized Finance means? DeFi stands for “decentralized finance” and refers to the ecosystem comprised of financial applications that are being developed on top of blockchain systems.
DeFi may be defined as the movement that promotes the use of decentralized networks and open source software to create multiple types of financial services and products.
But, what about if we go to the very begging and we want to see how…
Hello NEXEN Community,
This is the Nexen Tutorial for Lenders. Let’s go!
Nexen requires a minimum of 100 DAI or 100 USDT to create a lending request. You will also need a small amount of ETH in your wallet to pay gas costs (transaction fees).
This tutorial covers how to create a lending request. If you have any questions, get in touch with us.
Nexen has been designed to work with Metamask.
Hello NEXEN Community,
We are happy to announce that the Nexen Token is now listed on Uniswap.
Thanks for all the support!
Here are the details to participate in the event:
🔹 URL: https://app.uniswap.org/#/swap
🔹 Contract address: 0xbeC8d5C639778652dc2440da996a6bCF43f07746
🔹 Ticker: NXN
Our journey has just begun. Stay tuned.
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Hello NEXEN Community,
To start using Nexen to earn interests or borrow assets, you need to connect your Metamask wallet to the platform.
This can be achieved with some easy steps:
🔹 Step 1: Go to MetaMask.io and select from Android or iOS for mobile application and select Chrome for desktop. You can also go directly to the Chrome store, Google Play store, or Apple App Store.
🔹 Step 2: Install the browser extension and import your wallet. It should have some ETH to pay for the transaction fees. …