The food industry has observed many changes throughout its history. And, since the start of online food ordering and delivery, it has flourished and reached a level it has never reached before. More and more restaurants are opening every day and hence, the food delivery along with whole of the food industry is growing at a fast pace. Also, more and more food delivery companies are starting day by day. Therefore, it is essential to adopt good marketing strategies to your business to stay at the top. We have brought to you some marketing ideas for your food delivery business.
Creating a good website is an essential thing for your food delivery business. Your website should be attractive and user friendly. A website that is has a bad interface will not attract a lot of customers. On the contrary, it can lead to loss of customers. People generally prefer to use websites that are simple and easy to use. Design a good logo and a unique tagline and use them on your website and everywhere else.
You should also have a good mobile application for your business. People nowadays tend to use their mobile phones for majority of their works. Therefore, people find it very convenient to order their favorite food from their favorite restaurants just by a tap of their fingers. The mobile application should also be easy to use and it must have a good interface. Invest in a good website and mobile application, you won’t regret it.
Proper advertising is required for the continuous growth of your business. Use online advertising tools such as Google Ads (Previously known as Google Adwords) and other online ad tools. To advertise your business and to reach out to more and more people. Give out advertisements in newspapers, magazines and pamphlets
This is, undoubtedly, the age of social media. Social media offers you a great potential for the growth of your business. Use social media to advertise your services. Use paid promotions available on different social media platforms to attract people to your business. Proper use of social media will attract more customers for your business than any other idea.
5. Email Marketing
Email marketing is an important part of marketing of your business. Send your customers personalized offers and deals based on their previous orders through emails. There are many tools available online for creation and sending of good quality commercial emails to your customers. Also, in comparison to social media marketing, email marketing can be more personalized and more economic. Almost all people check their emails regularly and find these types of personalized emails attractive.
6. Provide Good Customer Services
People will only continue to order food through your online food delivery store if you are able to provide good customer service to them. Your customers should not encounter any difficulties during the ordering or delivery of their favorite food products from their favorite restaurants. But if they do, the customer service team should always be ready to help them in any way possible.
This is another way of growing your business through the power of social media. Food Bloggers and Influencers are foodies who write blogs about food DIYs, reviews for food delivery platforms and more stuff related to food. These people generally have a huge presence on social media and people tend to believe their opinions on such matters. Therefore, collaborating with them for the referral and promotion of your business will lead to a huge growth.
8. Make Tie-ups With More and More Cafes
You definitely have to have tie-ups with the biggest and major restaurants and cafes of a particular place, but, apart from that, you also need to reach out to and collaborate with as many restaurants as possible. People will stop using your store if they do not find their favorite restaurants or dining places on your website/app.
There are many local offices in each city and town. You can reach out to them and offer them deals to deliver food items at discounted rates for their employees. This will also initiate the process of mouth-to-mouth promotion which will lead to the increase in number of your customers.
After many days of shutdown because of the Corona Virus (COVID – 19) Pandemic, food delivery startups have started to function again. Good marketing of your business is crucial for you to stay in the race amongst all of your competitors. Choosing the right marketing strategy for your company can prove to be a difficult task at first, but you will improve gradually as the time passes. Use these marketing ideas creatively to take your company to new heights.
Read here: The steps taken by them amid the coronavirus outbreak.
FAQs
How to promote food delivery app?
Get a good website and app for your business, keep it user friendly. Provide good offers and keep your customers informed about it. Implementing viral marketing, word of mouth strategy and influencer marketing will help you promote your business in an efficient way.
How do I increase my food delivery business?
You can collaborate with small and large restaurants. Have tie-ups with businesses. You can use social media channels and inbound marketing.
How to market a food delivery business?
Increase your visibility on app stores.
Provide good customer service to get good reviews and implement word of mouth strategy.
Collaborate with bloggers and inluencers.
Invest in local SEO.
Create short videos and images.
Keep your customers informed bout new offers via email marketing.
Y Combinator is a startup accelerator unlike any other. Since its inception in 2005, Y Combinator has helped fund and grow over 2,000 startups through its YC Growth Program.
Y Combinator, an American startup accelerator, just released their list of the top companies by valuation. The Y Combinator compiled this list to enable potential workers, partners, and late-stage investors learn more about the YC startups. Three Indian firms, Cleartax, Meesho, and Razorpay, have also made the list.
Of course, valuation as a ranking criteria has flaws. It’s mostly a perception-based assessment, a forecast of a company’s potential rather than a clear representation of how much a firm is generating at any particular time. YC stated while releasing last year’s list that “valuation is a poor method to assess a company’s value in the short term.”
However, it does give some fascinating information on which of YC’s 2,000+ investments have grown the most, which have held up the best over time, and which sectors perform the best. According to YC, all of the firms on this year’s list are valued at $150 million or more, with a total worth of $155 billion.
Let’s take a look at the top 10 most successful businesses that have come out of Y Combinator and benefited from it.
As of 2021, each of the 10 companies is worth more than $150 million.
Stripe is a 2009 startup started by Patrick Collison and John Collison in the United States. Stripe’s software allows companies and individuals to send and receive payments via the Internet.
Stripe | Y combinator’s Startup
Stripe was a member of Y Combinator’s Summer 2009 class and has a product-based business strategy. It is now valued at over $36 billion and employs over 2000 people as of April 2020.
Airbnb: Popularizing Homestays
Airbnb | Y combinator’s Startup
This business made headlines lately after opting for a direct listing rather than an IPO. Airbnb is an internet marketplace where people can book accommodation and homestays. The firm does not own any of the real estate listings; instead, it serves as a broker, earning commissions on each booking. They enable individuals all around the globe to become hospitality entrepreneurs by unlocking and monetizing their spaces, interests, and abilities. Airbnb offers 6 million rooms to stay in 100,000 locations, as well as 40,000 unique experiences hosted by locals.
Cruise: It’s Cruising To Success
Cruise is an American automaker that specialises on developing sophisticated, self-driving cars, motorcycles, and other electric vehicles. Kyle Vogt (Twitch Founder) and Dan Kan launched Cruise in 2013 and it was bought by General Motors in 2016.
Cruise | Y combinator’s Startup
Cruise was a part of the YC Growth Program’s 2014 Winter batch, raising $4.3 million in initial investment. As of late 2019, Cruise employs around 1400 people.
DoorDash: A Dash To Triumph
DoorDash | Y combinator’s Startup
DoorDash is an American meal delivery service that uses delivery workers to link businesses and customers. Tony Xu, Andy Fang, and Stanley Tang started DoorDash in 2013.
DoorDash was a part of the Y Combinator Summer 2013 class and now employs over 1800 employees. As of mid-2019, DoorDash was valued at $12.6 billion.
Coinbase: Using Crypto-currencies As A Means Of Payment
In 2012, Brian Armstrong and Fred Ehrsam established Coinbase, a cryptocurrency exchange company. Coinbase is a digital currency exchange located in San Francisco, California. It is one of the most popular locations to trade, sell, and buy digital currencies such as Bitcoin.
Coinbase | Y combinator’s Startup
Coinbase operates on a fee-based business strategy, charging customers a fee to utilize its platform. Coinbase was a part of Y Combinator’s 2012 Summer batch and now employs over 1000 employees. Coinbase raised approximately $600 million in investment through Y Combinator during its early phases of development and now has a market valuation of over $8 billion as of late-2018.
Instacart is a grocery delivery and pickup service that is available in the United States and Canada. Apoorva Mehta launched Instacart in 2012. Instacart’s selling point is that it guarantees 1-hour delivery of goods bought on its website.
Instacart | Y combinator’s Startup
Instacart’s business strategy is built on the sharing economy, in which it functions as a platform that connects merchants and consumers to create a hyper-local on-demand grocery delivery service. Instacart was a part of the Y Combinator Summer 2012 class and now employs over 1100 people. It is now valued at over $7.5 billion and follows a combination of e-commerce and hyperlocal on-demand grocery delivery business strategy.
Dropbox: Cloud Storage As A Bet
Dropbox is a software business based in the United States that provides online file hosting services to its users. Dropbox was founded by Drew Houston and Arash Ferdowsi in 2008 and has since grown to become one of the most popular ways for individuals to share files over the internet.
Dropbox | Y combinator’s Startup
Dropbox operates on a freemium business model, which means that the majority of its services are free, but additional capabilities can only be accessed by signing up for one of their premium plans. Dropbox was a part of the Summer 2007 Y Combinator cohort, and as of late-2018, it employed over 2,300 people and was valued at over $12 billion.
Ginkgo Bioworks: The Business Of Organisms
Ginkgo Bioworks is an American biotech firm formed in 2009 by Tom Knight and a group of MIT scientists, including Reshma Shetty, Austin Che, Barry Canton, and Jason Kelly. Ginkgo Bioworks now assists in the creation of bespoke creatures via the use of software and hardware automation.
Ginkgo Bioworks | Y combinator’s Startup
Ginkgo Bioworks was a part of the Y Combinator Summer 2014 class and now employs about 270 people.
Gusto: Providing Assistance To Small Businesses
Gusto is a software business located in the United States that specialises in human resource management and cloud-based payroll. Josh Reeves, Eddie Kim, and Tomer London created Gusto in 2011.
Gusto | Y combinator’s Startup
Gusto was a member of the Y Combinator Winter 2012 class and now employs over 1,000 people.
Flexport: Deciding To Rely On Paperwork
Flexport is a freight forwarding firm that uses its comprehensive management software and solutions to make the logistics underlying the freight forwarding business more transparent and efficient. Ryan Peterson created Flexport in 2013 and it is situated in San Francisco, California.
Flexport | Y combinator’s Startup
Flexport has a SaaS business model, in which it uses software products and services to assist optimise goods transportation, brokerages, trade financing, and insurance. Flexport was a part of the Y Combinator Winter 2014 class and now employs over 1,700 people.
How to Apply For Y Combinator
Conclusion
While the top ten companies have generally remained the same since 2018, a few have moved about a bit, while some have vanished altogether. Last year, Airbnb was No. 1 and Stripe was No. 2; this year, they’ve switched positions. Machine Zone, the developers of the once-popular mobile game– Game of War and the No. 7 business in 2018, is nowhere to be found, as is last year’s No. 9, Zenefits. This list isn’t thorough, according to YC, because they “allowed alumni to opt out of being included for any reason.”
The majority of the firms on the list are at least four or five years old, which makes sense given that it’s rare for startups to achieve enormous, record-breaking values straight away. Of course, there are exceptions: Grin, a Latin American scooter rental business ranked No. 27 on this year’s list, only just completed YC in the summer of 2018. Atrium, a tech-focused startup law firm formed by Twitch co-founder Justin Kan, is ranked No. 83 in the Winter 2018 class. After starting just months ago, ZeroDown, a firm that seeks to help consumers buy houses without a down payment, squeaked onto the list at No. 101.
Meanwhile, the Summer 2016 class has more entries on the list than any other, accounting for 10% of the total. At number 13, Reddit, which was a part of YC’s Summer 2005 class, is the oldest business on the list.
FAQs
What is Y Combinator?
Y Combinator is American startup accelerator which provides funding for startups to help it grow.
What does Y Combinator do?
Y Combinator provides funding for startups inthe earliest stage of venture funding referred to as seed funding.
What is YC Startup?
The list of startups funded by Y combinators are referred to as YC Startups.
How to join Y Combinator?
Startups can join Y Combinator by application to Y Combinator by just filling out an application form. They invite the most promising groups to meet make funding decisions afterward.
How many Indian startups does YC have?
There are 43 startups in the latest batch(W21) of YC startups.
The 44th AGM of Reliance Industries was conducted on 24 June 2021. The company had mentioned certain key points that they undertook during the Coronavirus pandemic such as contributing to oxygen. Reliance boasts of producing 11% of the country’s liquid oxygen that is the highest by any company, gave around 7.5 crore free meals, set up 116 vaccination centers in 109 cities across the country, and also conducted the largest corporate vaccination drive for its employees.
Other than these the Chairman of the company, Mukesh Ambani had also discussed various projects that the company will undertake in the coming future. Let’s look at the projects and the details about them.
One of the major key takeaways from the Annual General Meeting of Reliance is its clean energy business. The company has stated that it would invest around INR 75,000 crore in a new clean and green energy business over the phase of the next 3 years.
Another takeaway is about the partnerships of Jio and the introduction of a new phone under the brand Jio with the collaboration with Google. The company also announced the launch of Jiomart, where it will collaborate with Facebook.
Mukesh Ambani on Green Energy Project at Reliance AGM
On the 44th Annual General Meeting of Reliance the chairman of Reliance Industries, Mukesh Ambani has announced to begin the work on developing a clean energy project which is the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, which will be a 5,000 acres project.
The company had announced that it has a target to reach a net-zero carbon company by 2035, where 60% of the revenue that is earned by the company is through hydrocarbon-fueled energy operations, as per the reports of the recent financial year. While compared to other players in the industry 2035 is a relatively shorter time frame where the major players such as BPCL, Royal Dutch shell, and many others commit to reaching the target by 2050.
He said that the company has started working on the Giga Complex, which is expected to be one of the largest renewable energy integrated manufacturing facilities in the entire world. The Giga complex will contain a solar manufacturing unit, battery factory for energy storage, fuel cell making factory, and an electrolyzer unit which will be used to manufacture green hydrogen.
The company also has plans to build for other Giga factories in order to integrate and manufacture all the components that are required by the new energy system, which include solar photovoltaic module factory, energy storage battery factory, fuel cell factory, and electrolyzer factory.
The company is expecting to create an end-to-end renewables energy ecosystem and announced that it would invest around INR 60,000 crores in these 3 initiatives and the rest INR 15,000 crores will be invested into partnerships, future technologies, and value chain, and also upstream and downstream businesses.
Ambani had also conveyed that the company will invest in building two additional divisions to strengthen this ecosystem. There will be a dedicated renewable energy project management and construction division and a dedicated renewable energy project finance division.
Reliance also aims to set up a 100 GW solar energy by the end of the year 2030.
JioPhone Next will be developed through a partnership with Jio and Google and will be released as a Made in India phone. The smartphone will be powered through an optimized version of the Android platform, which will be especially developed for the JioPhone Next.
JioPhone Next
The smartphone will be a 4G enabled smartphone and will enable the users to use the phone in their preferred language. The phone is expected to deliver a great camera quality and even the latest updates on the Android features and the security updates.
JioPhone Next will contain all the major features such as Google Assistant, language translation, automatic read-aloud of screen text, smart camera with augmented reality, and much more. The smartphone is expected to be released in the market during the time of the Ganesh Chaturthi festival.
The JioPhone Next is considered to be the most affordable 4G phone in the country and the entire world.
The company has plans to make India a 5G-must nation by the introduction of 5G into the country. The company has a 100% homegrown 5G solution where the company can roll out a 5G network in the country through a standalone position.
The Jio 5G solutions have successfully provided over 1GB per second during the trials that were conducted using the 5G network. Ambani has conveyed that the company has received 5G approval from the regulators and also trial spectrum for 5G field trials.
Google Cloud and Jio partnership announcement at Reliance AGM
Mukesh Ambani had announced the partnership of the company with the Google Cloud services in order to power the 5G services and network of Jio. Google will provide an end-to-end cloud offering that will power the automated lifecycle management of Jio’s 5G network and services.
In addition to this, to address the business challenges faced by the industries, both the companies will collaborate to bring a 5G edge computing solution.
The services of Jio’s 5G network, software, and Google cloud’s innovation in AI and ML will be explored in the new sectors such as gaming, healthcare, video entertainment sectors, and education. Jio and Facebook
The company has united the initial stage of JioMart with Facebooks’ WhatsApp and has provided encouraging results and valuable feedback by the company. Currently, the company is working on developing a full new commerce solution that will link the consumers and merchants. All these plans are expected to be implemented and launch over the next few quarters.
Jio and Microsoft partnership announcement at Reliance AGM
The company has also partnered with Microsoft in order to launch a 100 MW capacity of Jio-Azure cloud data centers in two cities of the country – Nagpur, and Jamnagar. The company is currently onboarding a group of customers for testing the product and service.
Over the coming quarters, the company has plans to expand the data center capacity and offering the services to a growing number of SMEs and various other startups.
Conclusion
The main focus of the AGM was on the Green energy Giga factory that will be set up by the Reliance Industries. In the year 2016 the company had launched Jio in order to bridge the gap in the country in relation to the Digital divide and in the year 2021 the company is launching its clean energy business in order to bridge the gap in the green energy division.
FAQ
What is Reliance AGM ?
Reliance AGM is annual general meeting held by Reliance industries where the chairman of Reliance Industries, Mukesh Ambani announces future projects and partnerships of Reliance.
What is the Revenue of Reliance Industries?
The Revenue of Reliance Industries is ₹540,000 crore (US$76 billion) in 2021.
What is net worth of Mukesh Ambani?
The net worth of Mukesh Ambani is 8,490 crores USD as of 2021.
The Clubhouse app has around 2.6 million users in India and has become a sensational social media platform during the pandemic. In the past few months, it has emerged as one of the most popular platforms. There are around millions of users who use the clubhouse and the discussion rooms to discuss over various topics. But India’s Digital Rights advocacy groups have raised concerns over privacy about the audio based social media platform. In this article let’s look at more information about it.
Internet Freedom Foundation has accused the popular audio-only platform of collecting excessive data and undermining the right to privacy based on information. The foundation added that the social media platform’s practices are against the principle of data minimization and informed consent.
In a blog post, the Internet Freedom Foundation has conveyed that it collects more data than the required amount in order to provide the services.
Information collected by Clubhouse according to IFF
The Internet Freedom Foundation has stated that the social media platform, Clubhouse collects information such as name, address, contact details, phone numbers, IP address, OS, device name, time, duration and the frequency on the people interact with and the duration of use. Other than these when people link other platforms to Clubhouse, the application also collects information that is shared on those platforms.
Based on certain authorizations the platform also collects phone numbers on the contact list even of those people who are not even part of the social media platform.
What does Clubhouse do with the collected data according to IFF?
IFF has stated that the social media platform collects the user data and shares them with third parties and the government and also stated that there is no policy that will prevent the platform from monetizing this information.
The group had also accused Clubhouse of failing to add a proper privacy policy in place which has led to a spread of wide hate, privacy violations and security incidents on the platforms. However, the social media platform claims to record all the conversations for investigation purposes and also claims to delete the audio immediately. There is no proper clarity provided around the entire process.
IFF’s Suggestion to Clubhouse
The Internet Freedom Foundation has asked Clubhouse to provide human rights policy and to volunteer themselves for an audit towards civil rights to make sure that the platform is respectful of the rights related to digital and to enable users to understand how the platform has accountability in regards to human rights in its governance of the platform.
IFF has laid down a suggestion in order to conduct a periodic audit in regards to civil rights to check on the efforts of the clubhouse to defend and respect the human rights on its social media platform and also to evaluate, How Clubhouse has complied with the guidelines of community and privacy policies.
IFF has conveyed that the organization believed that civil rights audits on social media platforms and entities are really important. They added that in this era these platforms and entities hold a really great power in relation to regulating speech and added that it is important to conduct an independent evaluation on how such regulation takes place.
An audit on the comprehensive human rights is the only way to mitigate the threat of hate and disinformation on one side and on the other side surveillance from the state or corporate. The IFF has also filed an advocacy group with the home ministry asking the law enforcement agencies in order to grant the permission to monitor clubhouse conversations such as the Intelligence and the Narcotics Bureaus.
Conclusion
The social media platform has a major power in relation to a lot of aspects in relation to politics and economics in a particular country. The privacy policy and the misusage of the collected data provide a huge concern for the users of a platform.
FAQ
Does Clubhouse have privacy?
You cannot record conversations on Clubhouse, But Clubhouse can, and does, record what you say. The app’s privacy policy says that Clubhouse rooms are recorded: Solely for the purpose of supporting incident investigations, we temporarily record the audio in a room while the room is live
Is Clubhouse app secure?
Researchers at the Stanford Internet Observatory discovered that Clubhouse user and chat-room IDs were being sent to servers unencrypted — considered a poor security practice for any app.
What is the valuation of Clubhouse?
The valuation of Clubhouse is $4 billion after its latest funding round.
The Leather Industry of India has seen a drastic change in the exports of the country. The country being a mere raw material supplier has transformed itself into a value-added product. Leather is one of the most widely traded commodities globally. The leather export in India has seen an increase during the 2020-21 fiscal year and let’s look at the reason for it.
The leather, footwear, and the export of its products have seen an increase in its export value to around USD 641.72 million in April – May 2021. The council of Leather Exports had provided the information.
The council for leather exports and the organization for apex trade promotion of the leather and leather products industry has also conveyed that the leather exports will maintain a similar trend in their growth and is expected to continue for the next few months.
Chairman of the council for Leather Exports, Sanjay Leekha on the Growth in leather exports
The newly elected chairman of the council for leather exports, Sanjay Leekha had said in a statement that the sector is back on the growth track after a long slowdown in the market due to the ongoing Coronavirus Pandemic which had led to a fall of around 27.72 % in the exports for the year 2020 – 21.
He said that the sector has been growing and added that the outbound shipments have shown impressive growth during the current fiscal year. As per the latest data compared to the previous fiscal year, i.e., 2020 – 21 there was an increase in the number of exports.
The leather, footwear, and its products have seen an increase of around USD 641.72 million during the fiscal year April – May 2021 from USD 146.79 million during April-May 2020. He stated that this is considered to be a really good beginning for the sector and they are expecting to maintain it in the coming months. He also added in his statement that India is considered to be one of the favorite sourcing and investment destinations.
Top 10 Largest Leather Producing Countries in 2021
The Indian Footwear Accessories and Development Programme (IFLADP) that was started by the Department for Promotion of Industry and Internal Trade (DPIIT) during the year 2017 – 21 has played a major role in the modernization and technological up-gradation of production units and also adding more skills to the workforce.
This programme is one of the major reasons for increasing the production and skilling the workforce which has indirectly increased the exports of the country. With the support of the Government, there has been positive been efforts taken in the past in order to increase the capabilities of production as well as certain infrastructure facilities such as testing laboratories and design studios.
However, all these have collectively helped in increasing the exports of the country and also helped in becoming the exporter of high-quality products that adds value. CLE has stated that they have requested the government in order to continue the IFLADP programme and is under consideration.
The necessity for Digitalization in Leather Industry
The chairman of the organization had stressed the importance of digitalization and added that pandemic has bought the light for the importance of the digital era. In order to gain a lot of market access, they will have to ensure to use the various digital platforms effectively.
The council has organized around 12 virtual buyer-seller meets and various B2B events which are expected to be held in 17 different countries and have also planned around 20 different events which include international exhibitions, buyer-seller meets, and designer fair.
FAQ
Where does India export leather?
Hong Kong, Italy, China and Vietnam are the top leather export partners of India.
Which state is the largest producer of leather in India?
Tamil Nadu is the largest leather producing state in India. It accounts for 40 per cent of the country’s leather production.
Which city is famous for leather in India?
Kanpur is famous for its leather and is also known as the leather capital of India.
The Internet has opened up colossal opportunities for communication before modern person. At almost any time, we can text loved ones, talk in the messenger, leave a voice message, and even chat via video. It is convenient, fast and cheap – Internet access is available to everyone today. But have you ever wondered what Internet communication gives us besides convenient communication? We want to talk about some of the unobvious benefits of video chatting and web communication. Trust us, it will be interesting!
What do psychologists say?
Online communication is a very interesting topic from a psychological point of view. Even 20-30 years ago, it was impossible even to assume that at the beginning of the 21st century we will be able to speak from a smartphone via video communication with a person from another part of the globe. Now it has become commonplace.
For many years, psychologists have been interested in this topic. And for their part, they name several key advantages of virtual communication, including chat roulette:
Voluntary nature of contacts and relations. On the Internet, only you decide whether you want to chat with someone or not. This is especially true with video chats. Nobody forces you to communicate. In case you don’t like the interlocutor – switch to the next one in one click. Now, remember how in real life you have to communicate with a person that is unpleasant for you. And you are forced to do this only because he is your colleague.
Wider communication circle. Previously, the range of friends and acquaintances was limited to school, university, work, and their own company. Random video chats and the Internet as a whole erased any boundaries. You can contact a stranger from another continent and make friends in one click.
Implementation of personal qualities. In real life, you probably often feel constrained. It is difficult to start something new, go against the foundations and even develop. All this is due to self-doubt and fear of being misunderstood. Communicating on the Web, you get more freedom. And what’s most amazing, here it is easier to get support for your endeavors from complete strangers.
Self-perception and honesty. When communicating with friends and family, we often avoid many topics. They accumulate and often pressure us psychologically. To discuss some things with a stranger is sometimes much easier. After all, you do not know each other and can talk openly. In a sense, such a conversation can be compared with the services of a psychologist. Only you get them in this case for free.
Development of communication skills. Conversations in random video chats teach you to communicate with people and interact verbally with them. As a result, real communication becomes easier, and you are more confident about yourself. Although it also happens that it is more difficult for a person to communicate on the Internet than live. But such cases are very rare.
Particular attention is attracted to video chat with strangers. Researchers J. Teutsch and C. Teutsch, studying styles of behavior and communication, call nonverbal language the most truthful source of information. These are gestures, intonations, and generally behavioral characteristics of a person. Communicating in a text chat or by phone, you exclude this factor. Therefore, the perception of the interlocutor you may form incorrect. Accordingly, a live dialogue, or at least video communication, helps to get to know a person best. The effect is not 100% the same, but pretty close.
Other non-obvious advantages of cam chat for foreigners
It is logical that most of us use chat roulettes to communicate with strangers, to find new friends, a soulmate or just brighten up our leisure time. As you already understood from the above, this cannot be limited. But what other advantages are there if you do not delve into psychology? We are ready to name a few additional
Pleasant pastime and stress relief. Sitting at home can be very difficult to entertain. And chat roulettes can become a real find. Here you will surely find interlocutors on any topic and can be a little distracted from their own worries. This is a good way to deal with daily stress and just switch.
Improvement of language skills. Who said that in video chats you can only communicate with residents of your country or city? Many random chat roulettes allow you to choose a country of search. This means that this is a great opportunity to talk with native speakers and hone your knowledge. Believe it or not, you have to pay significant amounts at various language schools for such an opportunity.
Growth of confidence and self-esteem. The lack of communication often makes a person closed and completely insecure. And this affects all spheres of their life – from career to love relationships. When chatting with strangers in web chats, you can overcome embarrassment and better find common topics for conversation. This is very important in the modern world! In particular, when dealing with the opposite gender.
Opportunity to act naturally. Let’s be honest! Most likely, you will never see a person on the other side of the screen again. So does it make sense to play a role and pretend? For many, casual web chats are almost the only chance to relax, become yourself, discuss interesting topics and not be afraid of misunderstanding.
Random chats open up completely new communication boundaries. Almost always do it for free. Thanks to them, millions of people around the world make new friends and even the love of their lives. Moreover, studies of recent years show that every third acquaintance today begins on the Internet. And some researchers even argue that the marriage of couples who met online is much stronger. And this trend is likely to become even more apparent in the near future.
Each person finds something different in a cam chat. For some, this is an opportunity to talk with like-minded people on interesting topics, for others it’s a chance to leave the real world for a short while. For some people this is an opportunity to get an inexhaustible stream of new knowledge and experience. Surely you will also find something of your own in such a random webcam chat. The main thing is not to be afraid to experiment and try new ways of communication. Believe us, it’s worth it!
Professional social networking is one of the most important parts of gaining better chances in the business world. LinkedIn has become a significant part of this professional networking reaching over 45 million student users today. Not only that, they are growing at a rate of two sign ups per second. Statistics show that LinkedIn is used by over 562 million people in more than 200 countries.
If you are looking for an international opportunity or a better placement in your career, LinkedIn is the best platform to depend on. It is a platform which has not lost its professional charm even after so many years of its inception.
Many recruiters also depend on LinkedIn to find ideal candidates for their job. This makes your LinkedIn profile as your portfolio for the recruiter. In this article, a few important nuances which will serve as a guide in using LinkedIn are mentioned.
Make sure that you have a functional email ID to which you have access. You can use both your phone number and email address to sign up for LinkedIn. Keep ready a list of your educational qualifications, work experiences, achievements, skills, training, etc. with you.
You might not want to run around for documents every time they ask for details. When you sign up make sure to be as clear as possible. Don’t lie on your LinkedIn profile. If you are unemployed, mention that you are looking for opportunities.
Creating the Account on LinkedIn
This is the most important part of being on LinkedIn. The first thing that you need to do is to fill in your educational qualifications along with marks, experiences, the skills you have, the organizations you have worked with, the positions of responsibility that you have been assigned, and so on.
You need to be mindful of what goes into your profile. Before you add any achievements or experiences, just think if they are relevant and suit your goals in any manner. If yes, add them, or else ignore them. However, be careful about the timeline. They should not be too old. This means that you do not add anything that you did as a kid. However, exceptions are there too.
If you are a person with lots of work experience, then you need not add the details of your high school. When you provide your name, make sure that you give your official name that is used in all your official documents. If people tend to misread your name, you can also add the pronunciation of your name.
Your profile picture is the first thing that an employer would see in your profile. Make sure that the picture that you choose is on par with the way you want them to see you. Formal pictures are preferred over informal ones. So, do not post your picture from the beach or your recent trip to the waterfalls. Try to look as professional as possible.
LinkedIn profile picture
Summary on LinkedIn
This is the second place where your recruiter’s eyes will fall before checking your whole profile. Give a short note on what you like to do, your area of interest, and what you are looking forward to.
It can also include your professional background, achievements, targets for the future etc. Always remember that it is a part of your first impression and hence make it as explanatory and concise as possible.
Add your Contact details on LinkedIn
It is better if you provide your mobile number since that will increase the chances of a recruiter contacting you. Even if you decide to not provide contact details, provide an email ID without fail. You can also provide additional details on contacting you to reduce the chances of missing out on anything. Contacting also means that they can reach out to you through the messaging facility of LinkedIn. Do not forget to check them every day.
Connections on LinkedIn
Connections on LinkedIn
If you are actively looking for opportunities on LinkedIn, it is very important to have good connections. LinkedIn will automatically suggest people who have gone to your same school, college, workplace, etc.
Most probably you will get to meet a lot of people through this facility as well. For better connections, check for people who are working with your area of interest or organization. Send them a connection request and try to know more about the things you want to know. Do not make contacts randomly. Have a strategy in your mind and connect accordingly.
You can choose to limit your area of interest, prospective organizations you would like to work for in the future can be some of them. The same rule applies when you get a connection request as well. There is no need to accept the request of everyone who is sending you requests. It is ideal to keep the number of contacts more than 300 and less than 3000.
Being an active part of LinkedIn increases your chance of visibility to the recruiters. You can also try and be an active member of any group as well. Apart from increased visibility and connections, increased engagements on LinkedIn are also a portrayal of your professional place. It is a place to articulate who you are.
Your activities can have a significant impact on the recruiter. If you do not want your recruiters to see your activity, you can turn off activity broadcasts as well. However, it is highly recommended that you make use of LinkedIn to share your knowledge and achievements.
Recommendations on LinkedIn
Recommendations on LinkedIn
Recommendations are highly effective ways to increase the credibility of your claims. It is given by other users on LinkedIn. It is a kind of acknowledgment where they evaluate your performance. You can request your previous manager or client to give you a good recommendation. It will create an impression that you are a competent professional like you claim in your profile.
Keep Updating your Profile on LinkedIn
Making an account in LinkedIn is not enough, it is important to update your information as well. It applies to everything right from your photo to your skill set. Instead of seeing a time frame to update your profile, make it a habit to update them whenever something happens. Even if it is small, add them since you never know what all the employers are looking for. As you change your profession or field of study, remind yourself to update that as well.
Conclusion
At the end of the day, LinkedIn is a place where you express you are in a professional environment. And it should be like that as well. Try to view your profile as a recruiter and think what will their impression be about you. Make amendments accordingly.
If at all you don’t engage in LinkedIn also, do the bare minimum of updating your details. If you are an active and informed user in LinkedIn, chances of you getting a better job offer is really high.
FAQ
What is the best way to use LinkedIn?
Contact and Connect With Other LinkedIn Users, Give and Receive Recommendations and Endorsements, Use LinkedIn Groups, and Create Engaging Content Especially for LinkedIn, these are some of the best way to use LinkedIn.
Does LinkedIn cost money?
LinkedIn is free, but if you choose to upgrade to a paid account, you have access to additional features. As a Premium member, you can get messages from any LinkedIn user at no cost to them.
What should you not do on LinkedIn?
Don’t Send Spam Messages to Your Connections, Don’t Send Irrelevant Messages, Don’t Send Messages With, “I see you viewed my profile, and Don’t Ask New Connections or People You Don’t Know to Endorse You.
Bitcoin is generally the first cryptocurrency that comes to mind when we think of cryptocurrencies. It was one of the first of its type, allowing users to make payments with their currencies via peer-to-peer technology. However, there is another cryptocurrency that has grown in popularity and acceptability, owing to its privacy-focused characteristics. Monero is the name of this cryptocurrency. Monero’s fundamental principles, characteristics, problems and if it’s a good investment or not are explained in this article.
Monero is the cryptocurrency industry’s response to Bitcoin’s lack of anonymity. For a long time, Bitcoin transactions were thought to be completely anonymous. The majority of people nowadays recognize that this is not the reality. In actuality, there are a slew of tools and services available to help identify the individual behind certain Bitcoin transactions.
Monero offers a unique approach to the cryptocurrency market. This currency prioritizes privacy. As a result of this technique, Monero is the most popular cryptocurrency for those looking to protect their anonymity in the business.
Monero – Features
Security, privacy, and the inability to be tracked are the three key features of Monero’s privacy.
Security
No cryptocurrency can exist without trust, and none is more dependent on it than Monero, whose users trust it not just with their money but also with keeping their transactions secret and secure.
Privacy
Monero says that they need to be able to safeguard its users’ anonymity even in a court of law, even “in extreme situations, from the death penalty,” as their website indicates.
Decentralization
Nobody is in charge of Monero. It differs from other currency. The network, or blockchain website, is managed by a central entity. Not only does this central, controlling agency or business not exist in the case of Monero, but the development choices and developer meeting records are published and available for anybody to examine online.
Monero, in essence, masks its users and transactions. A user can opt to hide all traces of their transactions, including their identity, the amount of cash traded, and any information about the person with whom they transacted. Monero does this by generating encrypted addresses that cannot be connected to prior transactions using stealth addresses.
Monero transactions are completely anonymous. They are untraceable transactions since they do not appear on the blockchain. Ring confidential transactions, which disguise the amount of Monero being transmitted, are part of Monero’s technology. It stops anybody from checking the balances of other people’s accounts.
Ring signatures are also employed, which aid in the creation of several fraudulent signatures. It’s virtually hard to trace transactions to a user when there are several bogus signatures.
The FBI is taking notice of this sort of deception, as one might anticipate.
Monero employs variable block sizes. Depending on the network’s traffic, miners might opt to accept larger or smaller transactions. Proof of work is a security feature that validates transactions and protects against malicious attacks.
Block payouts are never less than 0.3 XMR. The rate of inflation is 0.3 XMR every minute.
Monero is a cryptocurrency that works like a banknote. It is, in fact, one of the first. Cryptonote is a protocol for the application layer. Monero is able to deliver many of its privacy features because of this.
Decentralization, secrecy, fungibility, ring signatures, and egalitarian proof of work may all be used in Cryptonote-based currencies. All of these functionalities are used by Monero.
Monero, as previously said, is open source and uses popular, trusted languages like as C++. It also has a community of 30 developers.
Monero Cryptocurrency | What is Monero?
Difference Between Monero and Bitcoin
monero vs bitcoin
Bitcoin is the most widely used cryptocurrency today. It operates on a protocol that uses pseudo name addresses to attempt to conceal the participant’s identity. These pseudo names are made up of letter and number combinations that are produced at random.
However, because both Bitcoin addresses and transactions are recorded on the blockchain, they are accessible to the whole public. Even pseudonymous addresses aren’t completely anonymous. A few transactions made by a participant over a period of time can be connected to the same address, allowing others to learn about an address owner’s patterns and identity.
Fungibility is another benefit of Monero over bitcoin. This indicates that two units of a currency may be replaced for each other with no difference in value. Despite the fact that two $1 notes have the same face value, they are not fungible since each has a unique serial number. Two one-ounce gold bars of the same quality, on the other hand, are fungible since they have the same value and no distinguishing qualities. A bitcoin, in this instance, is a $1 note, but Monero is a chunk of gold. 4
The blockchain keeps track of each bitcoin’s transaction history. On the blockchain, each bitcoin’s transaction history is kept track of. It enables for the identification of bitcoin units associated to certain actions like as fraud, gambling, or theft, allowing for the barring, suspension, or closure of accounts holding such units. Consider obtaining a few bitcoins now that were previously spent for gambling and learning that they would be outlawed in the future, resulting in a loss.
Monero, however, features a non-traceable transaction history, making it a much safer network for players who don’t want their owned units to be rejected or banned.
Why should you invest in Monero?
The need for a completely private cryptocurrency is strong. Monero is an iconic pioneer in this industry, and here are a few primary reasons why Monero is still a viable investment for the future.
Monero Cryptocurrency – Simple to Mine
Monero’s consensus algorithm, like Bitcoin’s, is based on Proof-of-Work (PoW). The algorithm for mining new XMR, on the other hand, was created from an entirely different perspective than Bitcoin’s.
Bitcoin mining necessitates specialized equipment, such as the well-known ASICs, which must become increasingly powerful while also using increasing amounts of electricity. Furthermore, the cost of mining Bitcoins is continually increasing. As a result, mining Bitcoins with a simple home computer is no longer possible.
Monero’s mining algorithm, on the other hand, has been expressly engineered to ensure that ASICs do not have a significant advantage over personal computers used for XMR mining.
Monero intends to invite more users to join its network by making mining on its Blockchain easier and with less power usage. Indeed, anyone with a home computer may become a node, potentially significantly increasing the number of XMR miners.
Monero Cryptocurrency – Private, Secure, and Untraceable
On the reference site CoinMarketCap, it is November 13, 2019, and there are 4800 coins listed. A huge number of cryptocurrencies, it appears, will not be able to survive in the long run. Because they are simply forks of existing coins, many cryptocurrencies do not provide any actual added value to their customers.
Monero is well-positioned to survive when the cryptocurrency market is cleaned of coins with no actual usefulness, since it is the undisputed leader in this industry.
Monero is designed to be private, but it also has the huge advantage of being fungible. As a result, 1 XMR is actually equivalent to 1 XMR, just like the US dollar or other fiat currencies.
This is not the case with Bitcoin, which has a comprehensive history of transactions that have led it from address to address, and hence from owner to owner. As a result, the necessity for a cryptocurrency like Monero in the future is quite serious.
Monero Cryptocurrency – A Reliable Medium of Exchange
Bitcoin was designed to function as both a means of commerce and a store of value. Bitcoin appears to be becoming more and more entrenched as a store of value as time passes. The total quantity of Bitcoins is restricted to 21 million, and according to recent reports, approximately 4 million have been permanently lost.
Monero has taken a different strategy in this area, recognizing some of Bitcoin’s present restrictions, such as a maximum number of validatable transactions per second restriction of 7.
Monero transaction blocks are generated every 2 minutes on average, whereas Bitcoin transaction blocks are generated every 10 minutes.
Unlike the Bitcoin Blockchain, which has a fixed block size, Monero’s creators have opted to include an automated block size adaptive mechanism.
This implies that when the number of transactions to be handled grows, the Monero Blockchain adjusts automatically. As a consequence, Monero can execute a lot more transactions per second than Bitcoin while keeping transaction costs low. These characteristics make Monero an ideal medium of exchange, which is exactly what the cryptocurrency aspires to be rather than just a store of wealth.
Monero Cryptocurrency – A Crypto that Community Supports
Monero has always had a large following in its community since its inception. The initiative was successful in bringing together a big number of users right away.
The Monero community is extremely active, which is necessary for a cryptocurrency to have a long-term future.
Beginner inquiries are always appreciated, since they contribute to Monero’s popularity. Furthermore, there is no entity that is funding Monero’s development.
In some ways, it’s a risk, but it’s also a fantastic chance for the community to shape Monero’s future. Contributors labour in their spare time or rely on donations collected through Monero Blockchain’s Forum Funding System.
Monero Cryptocurrency – Developed by a Large Development Team
Monero is a completely open-source cryptocurrency that, like Bitcoin, is wholly controlled by its users. Since Monero’s debut in 2014, about 350 people have contributed to the project.
Despite the fact that it is now 2019, around 200 developers are still working on the project. This is just one of the largest development teams for an open-source project in the bitcoin sector.
Monero has a strong foundation since it has a significant development team working on it. As a result, the cryptocurrency will continue to develop at a steady rate. This is a critical issue in a technology industry like cryptocurrency, where everything moves at a breakneck pace.
Although Monero does not have a plan with dated milestones, the cryptocurrency’s fundamental goals are clearly expressed in its roadmap, and evolutions are published at a steady rate.
Conclusion
Cryptocurrencies are continually growing in popularity. The great majority of cryptocurrencies, on the other hand, will not survive in the long run. However, there are a variety of other virtual currencies that you can buy and trade that may be simpler to invest in, like Monero.
Monero has grown to become one of the world’s most valuable cryptocurrencies, according to CoinMarketCap, based on its market value as of January 2021. Monero may be purchased on popular cryptocurrency exchanges such as Kraken, Poloniex, and Bitfinex. It’s crucial to realize, though, that what makes Monero so popular, namely – its privacy features can also lead to severe issues, such as scalability and it’s usage in criminal operations.
Monero – FAQs
Is Monero a prohibited cryptocurrency?
Monero isn’t a prohibited cryptocurrency. It is a privacy-oriented cryptocurrency that gives users with anonymity, unlike others. This implies it can’t be tracked. This feature, on the other hand, makes it particularly popular on the dark-net and for use in particular activities like gambling and drug sales.
Is it a Good Time to Invest in Monero?
Monero might be an excellent investment if you’re interested in cryptocurrencies. The currency’s value is increasing by more than 137 percent. It also doesn’t cost much to get started because no specific hardware is required. You may mine Monero using your own computer’s CPU, and it works with all operating systems.
Where to buy Monero from?
Monero may be bought through a digital or virtual currency exchange. You may also look for a private vendor or a cryptocurrency-capable ATM.
How long does it take to mine one Monero?
Although there is no maximum block size, mining one coin can take up to two minutes.
Is it possible to track XMR?
Monero, or XMR, is an untraceable cryptocurrency. Monero, unlike other cryptocurrencies like Bitcoin, has an untraceable transaction history. This feature provides participants with a much safer network in which they are less likely to have their held units rejected or banned by other users.
McAfee is a popular antivirus software that almost all of us are familiar with but do you know the real story of John McAfee, the man behind the brand? If not, then you will be shocked to know that the face of McAfee is rather infamous in the world of technology.
The tech world is bustling with inspirational, energetic, knowledgeable, and respectable people, philanthropists, and people of sheer genius, who are born to outshine the darkness of the decades. Bill Gates, Mark Zuckerberg, Steve Jobs, Elon Musk, Jeff Bezos, Larry Page, Sergey Brin, and their kinds have been hugely influential, but a man as genius and heinous as John McAfee is rare to be found in the world of technology or any other domains.
Along with being the founder of what has been one of the most popular antiviruses in its days, John McAfee is a man who can easily claim to be one of the most colorful and notorious of characters in real life, soaked in drugs, guns, women, and illegalities of all nature, which has also seen him multiple times behind the bars.
John McAfee also managed to run for president but obviously, he failed and turned away from it later in 2020. McAfee had witnessed dreadful days, with his father being a violent alcoholic who used to take it out on his wife and son, since his childhood. Had he not had to go through such days, he might have been a better person, but destiny had it otherwise.
John McAfee died in Spain, on June 23, 2021, and this is his story.
A Look Back at John McAfee’s Past
John David McAfee was born in Gloucestershire, England in 1945 to an American father and a British mother. His father was an army man and McAfee was born on the US army base in the UK.
Though John was born in England, his family moved to Virginia soon after that where he spent his early days. His father was an alcoholic, who had anger issues, as he recounts, right from his earliest of days.
While John was only 15 years old, his father shot himself dead one day. This was a significant event that John couldn’t reconcile with till the end. His violent past seems to be instrumental in the person he later developed into.
While mentioning his father in an interview, John McAfee was also recorded saying “every day I wake up with him.”
After his father died, John eventually completed his Bachelor’s degree in Mathematics from Roanoake College. He further went on for his Ph.D. degree in mathematics in Louisiana, when he was caught sleeping with an undergraduate student for which he was expelled.
How did John McAfee built his career
It was true that John inherited his father’s fondness for alcohol but after he was out of the university, John had to look for jobs. He was skilled in maths and eventually started learning coding, which enabled him to look for technical jobs.
His skill in coding and the drive for employment placed him as a programmer in NASA’s New York-based Institute for Space Studies, where he joined at the final days of their Apollo program.
He left the job in there 1970 and shortly after that he went to Silicon Valley in search of jobs and discovered his love for hallucinogens, including LSD cocaine, and others along with the alcohol that was constant. Though later on, he joined Univac as a software designer and then worked as an operating system architect in Xerox, never did he detach himself from his addiction.
His constant involvement with drugs and alcohol almost left him lonely at the brink of depression, when he also decided to commit suicide but found his way to AA (Alcoholics Anonymous) and sobered down eventually.
His fortune lied in McAfee
After a brief career with Xerox, John joined Computer Sciences Corporation, where he was employed as a software consultant and later began working with Lockheed when he was introduced to the Brain computer virus, the world’s first computer virus.
Confronted with this new threat that had the potential of causing limitless damages to PCs, McAfee decided to counter this virus with the help of software programs. In this way, he launched McAfee Associates in 1897.
He started the company initially from his home and ultimately found his way to wipe out the first computer virus of its kind and limit the total damages done by the virus.
Overwhelmed by his success and an urge to share his knowledge, he published his first book in 1989 titled “Computer Viruses, Worms, Data Diddlers, Killer Programs and Other Threats to Your System“, where he wrote his concerns about the upcoming dangers of similar viruses to computer users.
McAfee, one of the pioneering antiviruses in America, was an instant hit and soon it started making around $5 million a year when another virus named Michelangelo popped up in 1992.
Initially billed as a dangerous virus, capable of unfathomable worries for computer viruses, it was rather short-lived and infected only some thousand computers in the presence of McAfee. Sales surely soared for McAfee with this feat.
John McAfee left his company McAfee Associates in 1994 when he resigned and cashed in his shares worth $100 million two years later. John seemed to have settled down with his life after his resignation when he seemed to be counseling startups and entrepreneurs along with lecturing at Stanford’s Graduate School of Business.
He was also engaged in a host of other ventures, which included Tribal Voice that later on launched the first-ever chat messaging programs in Windows. Furthermore, McAfee founded a yoga retreat near his place in Colorado and in his past time wrote books. McAfee was also involved in donating computers, during this time, to various schools.
John’s life changed so much that it almost began to seem like a dream retirement but fate simply had its ways.
McAfee’s fortune crumbled with the financial crisis of 2008 and with it, John’s life took a major bend towards the worse.
With the onset of this crisis, McAfee had to sell many of his assets and his fortune dwindled to $4 million. He sold his house and packed off from Colorado to settle in a tiny enclave of Belize, on the Caribbean coast.
Free from all the headaches and other financial troubles, John McAfee started his new ventures, which included the launch of a cigar-making business and a coffee distribution company. It is there that he met the American microbiologist, Allison Adonizio, who disclosed his plan of manufacturing a new class of antibiotics and founded a pharmaceutical company, Quorumex. However, McAfee soon took up his habit of drinking and became a regular customer of a bar nearby, where he soon became a favorite among the local drunks and the prostitutes of the area.
He even parted with the 12 years old relationship he shared with his girlfriend and became involved with a 16-year-old. His lifestyle became nastier with the influx of guns, girls, and drugs. It also began to get a lot of attention from the local police and coastguards.
Though he was famous there for his donations of arms and equipment to the local police and coastguards, his life was too conspicuous to ignore by this time. McAfee was finally arrested for manufacturing methamphetamine and the possession of unlicensed firearms, which eventually dropped charges and freed him. However, his life became too erratic to be normal by then.
In the same year, police found Greg Faull, a friend and a neighbor of McAfee’s, apparently shot dead and came seeking McAfee for the murder, mainly because of the alleged argument that he shared with Faull over the death of his dogs, who were poisoned.
John McAfee’s refuge in Politics
McAfee denied killing his neighbor and managed to flee to Guatemala without being arrested, all the time arguing that his life was at risk there because the same offender who killed his neighbor might come looking for him.
He was finally arrested by the police in Guatemala, soon after which McAfee suffered heart problems, for which he wasn’t extradited to Belize and in turn found his way to the United States.
McAfee had long been disgusted with his antivirus product that was still registered under his name and also became vocal about his hatred. He even launched a video titled “How To Uninstall McAfee Antivirus” that featured John McAfee frolicking with other half-clothed women, wielding guns, and snorting bath salts.
He was again arrested for a series of other crimes, which included drunk driving and the possession of firearms, suspected of high caliber and ammunition. In the meanwhile, the court case for the murder of Greg Faull, which was silent but loomed at the background resulted in the issuance of a wrongful death lawsuit that urged McAfee to pay compensation. To avoid all these John seemed to find his refuge in politics.
McAfee saw him fit for the presidential nominations from the Libertarian Party but his run saw him third, followed by his vice-presidential nominations, which placed him third again
McAfee dodged taxes like never before and advocated the mining, use, and promotions of bitcoins and other cryptocurrency projects, which he headed. He also developed the Ghost ecosystem that consists of a privacy coin and an exchange.
McAfee’s Later Years followed by His Recent Death
The final twist came when he was finally arrested in Spain in October 2020 while he tried to flee to Barcelona from Turkey via airways.
John was awaiting extradition to the United States, convicted with the charges of tax evasion, concealing assets, and failing to file tax returns until June 23, 2021, when he died in his prison cell in Barcelona on the same date. As per the charges slammed against him, John McAfee, who turned 75 this year, was to face up to 30 years of jail time. However, he evaded that by ending his life apparently by hanging.
FAQ
How much was McAfee worth?
John McAfee was the former CEO of the anti-virus software company McAfee, who had a net worth of $4 million.
Why was McAfee wanted?
John McAfee was wanted on charges of tax evasion and cryptocurrency fraud in the US and If convicted, he could have faced up to 30 years in jail.
What Cryptocurrency did McAfee promote?
Authorities accuse Mr. McAfee, between 2017 and 2018, of hyping up cryptocurrencies like Verge, Reddcoin, Dogecoin in which he held a stake, then selling them for a profit when their price spiked following his endorsement. They also alleged he secretly took a cut of ICOs he promoted to followers.
The Electric Vehicle industry is expected to boom in the next 5 years in India with a lot of companies coming up with EV vehicles both 2 wheelers and 4 wheelers. Even the global EV giant Tesla has entered into the country. Recently Tata Motors and Tata power have jointly set up a solar carport and are making a mark in the EV infrastructure. Let’s look at how the solar carport is going to benefit the EV industry.
Tata Motors and Tata Power have joined together in order to set up one of the largest grid synchronized, behind the meter solar carport of the county. The carport is located in Pune at the car plant of Tata motors.
The company has said that the 6.2-megawatt carport is the largest solar carport in the country. The project that is developed in the plant of Tata motors will be able to generate around 8.6 million kilowatts of electricity and would reduce an estimated amount of 7,000 tonnes of Carbon dioxide from the atmosphere and around 1.6 lakh tonnes over its lifestyle.
The project is spread across 30,000 square meters and can also be used as the parking space for the cars that are manufactured by Tata motors. Even after the crisis faced by the country due to the Coronavirus Pandemic both the companies were able to develop the carport with a record period of 9.5 months.
This carport is expected to be a part of the company’s net zero carbon goals by the year 2039 and Tata motors had entered into a Power Purchase agreement with Tata power in regards to the goals.
Tata Solar Car port
Tata motors on Solar Carport project
Shailesh Chandra who is the President of the Passenger Vehicle Business Unit of Tata Motors had conveyed that, the company has always advocated sustainability in every aspect of our business by checking more meaningful ways to reduce the impact we create on our planet by providing existing products and sustainability solutions to the customers.
He added that the company has always been conscious of the need for energy consumption and is also working towards achieving a 100% renewable source of energy for all the operations.
How Tata Solar Carport project will benefit the EV Industry
The Electric Vehicle industry of the country will be the most benefitted sector from this project. One of the disadvantages of the EVs in the country is the lack of infrastructure and the adaptability and this project is considered to be the first step towards the infrastructure facilities provided for the Electric Vehicle industry.
Tata Motors already have their set of EVs and this will add as an added advantage for their cars. Some of the other advantages are that the Solar carport will reduce the expenses of the company as they will not have to buy the energy from the power supply companies and can generate their own electricity.
Tata Power on its Solar Carport project
Praveer Sinha who is the MD and CEO of Tata Power has conveyed that as one Tata initiative and added that they are proud to partner with Tata motors. He added that the partnership is a proof of our collective efforts in order to reduce the carbon footprint in the society and to provide solutions for the future that are concentrated into the green energy solutions.
He added that the company would focus and continue to explore new ways to generate energy through clean resources and provide them to the customers and their partners.
Tata Power also has a solar powered carport which is the first ever carport in the country that was established in the year 2017 in Delhi. Tata Motors has also committed to shifting to 100 % renewable energy consumption by joining the RE100 initiative. Tata Power also has a solar carport established in the Kochi airport in the year 2018.
FAQ
What is size of Tata solar carport?
The Tata solar car port spans across 30,000 square meters and is located in Chikhali, Pune.
How much electricity will the Tata solar carport project generate?
The project that is developed in the plant of Tata motors will be able to generate around 8.6 million kilowatts of electricity and would reduce an estimated amount of 7,000 tonnes of Carbon dioxide.
Where is the Tata solar carport located?
The carport is located in Chikhali, Pune at the car plant of Tata motors.
Ashwini
