Hey, yo what is going on with the viewers
of the tubbbeeee!
If you’re wondering where you are in the
tuberverse, that’s a really good question,
because this channel can flip reality on its
head, better than this David Attenborough
narration…..you know our planet earth.
Its time for Chico Crypto!
Well, reality the past couple of months, hasn’t
seemed much like reality.
Well actually, it hasn’t for the past couple
of years, since we elected a reality television
star to be our president but that’s a whole
nother story.
But in the past couple of months, it seems
like the average joe or jill, the middle and
lower class has been left behind….in the
literal dust.
And we got a preview of something to come,
tomorrow Friday, the monthly jobs report drops
aka the employment report created monthly
by the U.S. Bureau of Labor Statistics, a
division of the Department of Labor.
And the statistics from this, when it drops
usually have major effects on the markets.
So what was the preview?
Well the ADP research institute, dropped their
own report, for the month of April and it
is not good whatsoever.
Over 20 million, 236 thousand private sector
jobs were lost in the month of april.
Which included over 6 million from small businesses,
over 5.2 million for medium sized businesses,
and over 8.9 million for the large entities.
And the sector hit the hardest?
The service sector, specifically the areas
of trade, transportation, and untulites as
well as leisure and hospitality.
Everyone should know that this job loss is
unprecedented for the year, and throughout
history….never has it got to this level
in a single month…..and the number of employees,
all sizes of businesses are employing, is
right back to 2008 levels.
Sooo, the lower to lower mid class, is a large
majority of these jobs...Gig workers for Uber
& Lyft, and other service apps….Hotel workers,
cruise ship workers, resorts employees….they
all are usually lower to lower middle class.
So, this is the class of America feeling the
pain….
Butttt wait, I thought, we passed a stimulus,
from the CARES act for small business and
the private sector, so this wouldn’t happen!?
Well, here is the thing, the relief for small
businesses is being held up like a mofo.
Alignable, has been providing great data,
on small business relief, and in their most
recent polled survey.
They found only 1.2 percent of businesses
have applied and received funding, 70.8 percent
of businesses have submitted, but are waiting
for an answer in limbo, 3.3 percent were told
they don’t qualify, and 24.7 percent were
told their bank wasn’t ready to begin accepting
applications.
Sooo that is why, unemployment is skyrocketing,
businesses do not have the funds in their
hands to keep employees on the payroll.
The name of this program all businesses are
waiting on funds from?
The Paycheck Protection Program…..hrmmmmmm????
But, 1.6 percent of businesses are in the
money.
I wonder which ones?
Well like I said weeks ago, the ones who have
the fancy smancy lawyers, and connections
to the banks, who can navigate the red tape
will.
First it was found out the fast food chain,
Shake shack, got a 10 million dollar loan,
of which they quickly returned when the public
found out due to bad PR.
Then it was found out another food chain,
a steakhouse, Ruth’s Chris, received a loan.
Which they also vowed to return after public
outcry...the wall st.
Journal covered it, and according to the article
150 large public companies received loans
in the 1st round of payments, totalling 600
million dollars.
Including another one we found out….the
los Angeles Lakers!
I guess building a team so LEBWON can win
another championship is expensive huh?
But we need to talk about a crypto entity,
who has purportedly received a PPP loan.
Justin Sun and his centralized project.
Tron…..and decrypt broke the story “US
hands Justin Sun a $2 million coronavirus
relief grant”....and in the article, they
explain Matthew Graham, chief executive of
Beijing-based blockchain investment firm Sino
Global Capital, tweeted the information.
He said on twitter “We need to talk about
this.
In China Justin Sun appears to be claiming
that Tron successfully applied for COVID-19
small business relief money from the United
States government.”
Which he clarifies below “or I suppose it
would be more accurate to say that Chinese
media is making this claim.
Either way we need to talk about this”
And he posts the Chinese media claims , with
translation...which says Sun Yuchen, Jusin
Sun’s name in China….of Wave Field Team,
Wave Field if Tron in China….won support
of US Salary Protection Plan Based on Foreign
Media Reports…
Which, it gets weirder...the official Tron,
Wechat account, as we can see Wave Field Tron.
Posted the information…..Community Ecology
| TRON has been supported by the US government,
and RMB 17 million in aid has arrived...with
even more details of the report.
Kind of like the Tron team out of China is
bragging about it eh?
Now if this is True, and they got the money,
a Chinese blockchain project.
There should be absolute outrage.
Why?
Well Justin Sun has already took, a ton of
Americans for a ton of Money through his crypto
projects.
Of course the 53 million Tron ICO, but also
the Binance IEO bittorrent, the gambling dapps
he supports like Wink, which also got an IEO
suspiciously on the same exchange….
And this has made Justin Bank!
I would put this on the low end of estimates,
but his wealth is reported to be 200 freaking
million dollars!
And the guy throws around money, willy freaking
nilly.
Like 4.5 million dollars to have Lunch with
Warren Buffett, just 3 months ago in late
February.
Then just a couple months before that, he
pledged a 1 million dollar donation to Greta
Thunberg...and then a couple months before
that, he pledged to give a universal basic
income to 100 people per month, in 2020.
That’s another 1.2 million dollars….OK.
Now why in the hell do you need 2 million
dollars, which is meant to be for those suffering!?
Sooo all I have to say is this needs to be
investigated, and it needs to be investigated
quick.
Just last week, because of the abuse of the
Program.
Secretary Treasury Steve Mnuchie Snoogan boogan…...said
big companies could face criminal liability,
if found to be abusing the program.
And he announced the government would be auditing
entities that received more than 2 million
from the program.
Hopefully that includes Justin Sun and Tron,
as they by no means needed the funds and it's
clear as day just 2 days ago, he is bragging
publically about a token sale, an IEO on his
owned Poloniex exchange, that sold out in
just 4 minutes and 26 seconds…..why did
you need the money again?
Now it’s time for a short sponsored segment
of this video being supported by the team
over at LCX, and like always the full details
of our agreement can be found in the description.
So LCX, 1st what does that stand for?
Simple Lichtenstein Crypto Assets Exchange,
as the country of Lichtenstein is where LCX
is headquartered.
We will get into why that is important in
a second.
But first, what does LCX do?
Well their 1st product, which is fully live
right now, is the LCX Terminal...which is
a crypto asset exchange terminal.
A multi exchange interface, so you can trade
on all of the different exchanges safely in
one place, and get the best prices for each
trade which includes connection with up to
15 exchanges.
The terminal brings together real-time data
from the major crypto asset markets too including
news services and powerful analytics and reporting
— combined in one platform.
It addresses the multiple needs of retail
& institutional investors alike.
And one of the best features within LCX’s
Terminal is the smart order system.
This combines trading and liquidity from all
the exchanges, or the ones you personally
choose, so you get the best possible price
on your order.
It combines/ splits and finally wraps the
multiple orders from the multiple exchanges,
into a single one so your trade order is smart
instead of dumb, paying higher prices.
Now they have a free account for the Terminal,
which you can sign up with in the link of
the description, which gives you access to
all the features, but limits you to connection
3 exchanges at a time, they also have the
pro plan, for advanced traders, which costs
290 dollars per month, and allows unlimited
exchange connectivity.
And this connects to the LCX token, which
is defined as a utility token and is used
to pay for services on the LCX platform.
Currently LCX can be found on IDEX, which
of course is one of the exchanges the terminal
connects to!
So remember the L in LCX stands for Lichtenstien,
and I said that was important.
Well LCX AG, the legal entity behind LCX.com,
was founded in 2018 and is licensed and headquartered
in the country and Lichenstien introduced
the Blockchain Act, aka the Token and Trustworthy
Technology Service Providers Act (TVTG), which
clearly defines and provides a regulatory
framework for blockchain companies such as
LCX.
And as we can see from the roadmap, TVTG was
given the OK by the government to go full
throttle from January 1st 2020.
Which means LCX has been going full throttle
since then.
I wonder what?
Well the exchange in LCX’s name is about
to become a reality, as LCX in May of 2020
will announce the LCX STO launchpad, an end
to end tokenization platform which will adhere
to the tokenized legal regulations of the
TVTG.
And I have a Chico exclusive...so back in
September the LCX team, announced a partnership
with Wesley Snipes to tokenize a 25 million
Dollar Movie Fund, called the Daywalker Movie
Fund, which would invest in future movies
and TV shows produced by Dr. Snipes and his
production studio, Maandi House.
The fund would have the security token,DMA
Token and will offer investors a share in
the profit of the fund’s productions, as
well as conferring extra benefits such as
invitations to move premieres.
All profits will be reinvested in the DMA
Token to boost its long-term value.
Well that token is getting ready to launch,
through the LCX STO Investment portal, and
we have a preview of what the platform will
look like, and from the looks of it everything
is a breeze, from signing up, to actual purchase
of DMA security tokens.
So if you're looking for an entity, who is
in a position to become the first fully licensed
security token exchange, LCX is hitting all
the goals to make them the first company to
make that a reality.
Now back to some crypto content, as we were
talking about Justin Sun, he did his own personal
IEO, while supposedly getting a PPP loan.
What was his IEO on?
A stablecoin!
USJT
Like I have been saying, the 2017 nastiness,
who is still around, and some stronger than
ever are going to attempt to take down the
thing that is called DeFi on Ethereum.
ALL USJT is, is a freaking clone of MakerDao,
using TRX as collateral in a CDP to create
the stablecoin.
All Justin does is copy….
But Makerdao and Dai, is going to be a DeFi
lego, that isn’t going away any time soon
in my opinion and will be able to withstand
copycat attempts from the Chinese.
I mean Tron TRX is an ethereum clone, why
didn’t they build the DeFi protocols 1st,
why did they have to wait for others to be
built, until there’s launched?
So they could copy….
And the beuatry of this, stablecoins like
that, protocols like Tron will never be listed
on major regulated exchanges here in the states...per
example...Tyler Winkelevoss, co owner of Gemini
who has their own stablecoin, Gemini Dollars
tweeted this “The future is DeFi.
$DAI is now open for trading on Gemini!
Don’t fall prey to their baloney, and I
hope they throw Justin Sun, in the slammer
like MC Hammer.
Cheers viewers I’ll see you next time!
