Oliver Martinez

FOUNDER | MANAGING DIRECTOR | JUNTHÖ CAPITAL | TECTUM | SOFTNOTE | LATIN-AMERICA PROJECT AMBASSADOR #FreeThinker💭

[Tuttle Twins TV @TuttleTwinsTv]

Inflation hurts a nation. 👾 🪙

[Sina 🗝️⚡ BI Report @Snz_BTC]

Jiangxi Bank of China goes under

China's banking sector is facing a full-scale crisis. In just one week, 40 banks disappeared, absorbed into larger institutions.

Today, Jiangxi Bank of China went under, further escalating the crisis.

China's smaller banks are struggling with bad loans and exposure to the ongoing property crisis.

Scope of the Problem
Some 3,800 such troubled institutions exist. They have 55 trillion yuan ($7.5 trillion) in assets—13% of the total banking system—and have long been mismanaged, accruing vast amounts of bad loans. Many have lent to real estate developers and local governments, gaining exposure to China’s property crisis. In recent years, some have revealed that 40% of their books are made up of non-performing loans.

Bank of Jiujiang, a mid-tier lender, recently revealed that its profits might fall by 30% due to poorly performing loans. This rare disclosure highlights the severity of the situation. The authorities have been pushing for more transparency, but the true extent of the bad debt problem is still emerging. The four state AMCs created to manage bad debts are now struggling themselves, with one needing a $6.6 billion bailout in 2021.

Disappearing Banks!
China’s main way of dealing with small, feeble banks: making them disappear. Of the 40 institutions that vanished recently, 36 were in the Liaoning province and absorbed into a new lender, called Liaoning Rural Commercial Bank, which was created as a receptacle for bad banks. Since it was set up in September, five other institutions have been established to do similar work, with more expected.

The Root Cause: Property Sector Recession
The root cause? China's property sector is in a deep recession. Overextended real-estate developers and local governments have defaulted on loans, creating a cascade of financial instability. Property prices have plummeted, and construction projects have stalled, further straining the financial system.

Hidden Bad Debts and Regulatory Crackdown
Adding to the complexity, banks have been using asset-management companies (AMCs) to offload toxic loans, creating a facade of stability. These AMCs buy bad loans but avoid taking on the credit risks, leading to a buildup of hidden bad debts. The National Administration of Financial Regulation (NAFR), a new banking regulator, has been cracking down on these practices, issuing fines and increasing oversight.

What is Coming?
This regulatory vanishing act will probably pick up pace. S&P Global, a rating agency, reckons it will take a decade to complete the project. While fewer bigger banks are easier to regulate, combining dozens of bad banks only creates bigger, badder banks.

The fact remains that the Chinese economy is in an extended and pretend state. Years of credit-fueled growth has finally run its course, and the result will be. lower growth for China and a negative impact on the global economy. Slower growth of the Chinese economy will, in turn, exacerbate their banking problems too.

This will very likely end in massive liquidity injections, stimulation of the economy, and investors flocking to hard assets.

[Simply Bitcoin @SimplyBitcoin]

German government after selling their #Bitcoin

“You do not sell your Bitcoin” - @saylor

[Barbara Oneill @BarbaraOneillAU]

World-renowned physician Dr. William Li explains how cacao can stimulate stem cells to migrate to various sites of repair and regeneration throughout the body.

Cacao is the core ingredient in chocolate and is produced from the beans of cacao tree through a process of fermentation, drying and roasting.

Clinical studies have shown that men in their sixties with heart disease, who drank 2 cups of dark hot cocoa per day for a month, doubled their stem cells and significantly improved their circulation.

The COSMOS (COcoa Supplement and Multivitamin Outcomes Study) is a large-scale clinical trial that recently showed that consuming high flavanol cocoa decreases the risk of cardiovascular death.

What are your thoughts on this?

[Arsen @ relai.app @satoshibaggins]

At what stage are you?

[Nayib Bukele @nayibbukele]

Congratulations to the people of the United States of America on your Independence Day.

We are inspired by you, not by the ideals you hold now, but by the ideals you had in 1776 when you gained your freedom and built the foundations of your great country.

We will follow that example.

Happy 4th of July! 🇺🇸🇸🇻

[Tectum @tectumsocial]

New Softnote Merchant

Located in Armenia, ECOS is one of the largest international platforms for crypto investments and BTC mining.

ECOS now accepts crypto payments with Softnote solution!

🔹Earn on digital assets
🔹550K plus users
🔹Cloud mining contracts
🔹Rent & purchase ASICs
🔹Over 6 years of operating experience

Apply here if you are interested in enrolling your business:
https://t.co/Z4uaJTRJih

[Tectum @tectumsocial]

Devs Corner

Development updates are here with some major work going on in the background!

Here are some key points:

🔹Wallet & Mint House:
The Tectum team is continuously testing the Wallet & Softnote Mint House

🔹Passport & Cloud API in the works

🔹Blue Bills:
Finalizing work on the Burn process of Blue Bills

🔹A/B Tests for UX Analysis:
Writing tests to analyse user experience

🔹Refactoring .cash endpoints

🔹New wallet interface:
The integration of a new Wallet design is underway

🔹Wallet notifications:
Developing “notifications” function for Wallet operations to keep users informed

🔹Light Node development

🔹Mobile Application:
One of the biggest releases this year is in progress, stay tuned for the Beta mode app coming soon!

Let’s continue to build and deliver!

[Tectum @tectumsocial]

Hey Tectum Family!

Tune in today at 4pm UTC, 12pm EST for a very exciting update.

https://t.co/0rlFtS5sOm

You do NOT want to miss this call tomorrow.

Big Announcements Coming.

🔹 Date: June 28th, 2024 @ 4PM UTC
🔹 Location: X Spaces

[MANDO CT 🇮🇪 🇦🇪 🇬🇧 @MandoCT]

While many altcoins are facing a downturn, my confidence remains strong in projects like @tectumsocial. 👌

The Tectum team is continuously working to broaden payment options through their Softnote Solution.

They have onboarded a new merchant based in Brazil, "SEOGPT," which focuses on SEO services enhanced by AI-generated content and other advanced features.

This partnership has resulted in significant benefits for SEOGPT, including:

🔹 A 23% increase in monthly website traffic
🔹 More than a 200% increase in lead conversion rates
🔹 Savings on PPC costs
🔹 Cost per click reduction by 50x

@tectumsocial keeps increasing from 1M TPS to 3.5M TPS. It's a second-to-none #Bitcoin scaling solution. 😮

keep an eye on their weekly AMA happening today. 🤝

$TET has already reached a strong double-digit increase early in the altcoin rally and has the potential to reach a triple-digit peak soon.

#NAFA - #DYOR

[Tectum @tectumsocial]

Tectum Galxe Quest

This week there is a special campaign involving the upcoming AMA!

Tune-in, join the journey and start earning rewards!

Visit the link below:
https://t.co/ZcZlIMt2Lx

[Tectum @tectumsocial]

New Softnote merchant

Another business based in Brazil to start accepting SoftNote!

“SEOGPT” specializes in SEO services utilizing automated, AI-powered content creation & more:

🔹23% growth on monthly traffic
🔹Over 2x lead conversion
🔹Save in PPC costs
🔹Cost per click reduction by 50x

Tectum team is on a constant mission to help expand payment options with the Softnote Solution.

Fill out the form below & take advantage of the Early Innovators Offer!
https://t.co/XtKX8Dp33H

[Tectum @tectumsocial]

Eco-friendly Crypto Transactions

The Bitcoin network's PoW consensus mechanism requires an immense computational power & is often criticized for high energy consumption.

According to the Cambridge Bitcoin Electricity Consumption Index, a single Bitcoin transaction consumes approximately 707 kWh of electricity, resulting in fees of $5 - $90 per transaction depending on congestion.

Softnote layer 2 payment solution provides an eco-friendly alternative by facilitating transactions with minimal energy requirements:

🔹Available offline, significantly reducing the ecological footprint
🔹Unlike Bitcoin, Softnote transactions do not rely on energy-intensive mining processes
🔹Transactions are processed within seconds & fees are only 0.01%

Softnote does not just solve the BTC scalability issue, but also lowers carbon footprint to promote sustainable & eco-friendly financial technologies.

[Kim Dotcom @KimDotcom]

3 to 4 months until the Big Bang. That’s my estimate too. Listen to the President of Serbia and his frank assessment of the situation in Ukraine. Europeans must disconnect from the bad influence of the falling US empire or they will pay the ultimate price.

[Tectum @tectumsocial]

Softnote Metrics are here to deliver the latest staking & wallet updates:

🔹727K $TET staked on T12
🔹25.5K $TET staked on UNCX

🔹$8.4M Total Value Locked (TVL)
🔹60,662+ Wallet Users

Let’s keep building & growing numbers with the fastest blockchain!

[Tectum @tectumsocial]

Missed the AMA? Exciting updates are coming!

The Tectum mobile app launches by Sept 1 on iOS and Android, bringing us a step closer to mass adoption!

Here’s a breakdown of what to expect from Tectum.

🔹 By Sept 1:

Private Blockchain with Distributed Ledger LIVE

Validator Node Consensus (Solana Staking Model)

Light Node App for WIN (Auto TET Addresses, No Private Key)

Tectum Core UX/UI for Light Node

API for Custom UX

Custom Token Generation

Custom Explorers Source Code

Advanced Token Functions (Mint, Burn, Transfer, etc.)

🔹By Dec 31:

Public Decentralized Blockchain in TESTNET Mode

“Ivy Tree” Consensus with TET Staking

Hackathon with $TET rewards for Community Testers

TESTNET source code on GitHub

TectumCore.exe for blockchain node management

Generate & operate custom tokens with key pairs

Stake TET to boost Node Weight Rating

SDK & API for testers

Mint & govern custom Tokens

Mint, Fill, Handover & Burn custom SoftNotes

#updates #ama #tectum

[Tectum @tectumsocial]

Buy a cup of coffee using Bitcoin!

To this day, the P2P Bitcoin network remains unfriendly for micro-transactions & gets too expensive due to congestion, resulting in delayed transfers.

Purchasing a coffee using BTC is easily achievable using Softnote layer 2 crypto-payment solution:

🔹Instant Transactions
🔹Low Fees
🔹Enhanced Privacy
🔹User-Friendly Technology

Unlike other alternative methods which take up to 10-15 minutes to confirm & involve high gas fees, SoftNote transactions are completed in less than 1 second & only cost 0.01%.