Read Nimbus Statement regarding El Pais's recent false claims 👉Here!
✋Your weekly crypto digest is here
📈 Despite China's recent ban of all cryptocurrency transactions, bitcoin not only didn’t rush down but also returned above $50,000 for the first time since early September. One of the reasons could be attributed to the fact that the Chairman of the US Securities and Exchange Commission, Gary Gensler, said that the regulator does not plan to ban cryptocurrencies or impose harsh measures against digital assets. By the way, earlier, the head of the Fed, Jerome Powell, made a similar statement.
🤑 No surprise even the family office of billionaire George Soros has invested in the first cryptocurrency. According to the head of the Fund, bitcoin has even more long-term potential. Bloomberg believes that the fact that the Soros family office, which manages money for the billionaire philanthropist, now publicly has some skin in the crypto game adds to the legitimacy of the sector. It should also be noted that other major institutions seem to favor DeFi as well.
✌🏻Finally yet importantly, according to Bank of America, the digital asset industry could become “one of the most exciting markets” in the coming years. The universe of digital assets with a capitalization of over $2 trillion and more than 200 million users is too large to ignore. Additionally, Bank of America believes that corporations may in the future be more willing to consider adding digital assets to their balance sheets for diversification.
📈 Despite China's recent ban of all cryptocurrency transactions, bitcoin not only didn’t rush down but also returned above $50,000 for the first time since early September. One of the reasons could be attributed to the fact that the Chairman of the US Securities and Exchange Commission, Gary Gensler, said that the regulator does not plan to ban cryptocurrencies or impose harsh measures against digital assets. By the way, earlier, the head of the Fed, Jerome Powell, made a similar statement.
🤑 No surprise even the family office of billionaire George Soros has invested in the first cryptocurrency. According to the head of the Fund, bitcoin has even more long-term potential. Bloomberg believes that the fact that the Soros family office, which manages money for the billionaire philanthropist, now publicly has some skin in the crypto game adds to the legitimacy of the sector. It should also be noted that other major institutions seem to favor DeFi as well.
✌🏻Finally yet importantly, according to Bank of America, the digital asset industry could become “one of the most exciting markets” in the coming years. The universe of digital assets with a capitalization of over $2 trillion and more than 200 million users is too large to ignore. Additionally, Bank of America believes that corporations may in the future be more willing to consider adding digital assets to their balance sheets for diversification.
Your Nimbus Team continues to work harder than ever to deliver results, and we’re back with another sprint report.
Let’s dive in!
✅ Wrap Machine:
Earlier with the Wrap Machine, you could view specific details about the transaction only before you executed the wrap (ERC-20 to BEP-20 token transfer and vice versa). We're talking about the number of NBU or GNBU tokens inserted into the Wrap Machine, the gas fees, the number of tokens received after the transfer, etc.
Now, we have ensured that these details are displayed after the wrap has been made. Also, the transaction history with all the relevant details is saved and can be viewed every time you connect your wallet to the Nimbus Platform.
✅ Revamped “Roadmap” section of the website:
Currently, the roadmap on the website shows dApps and products that have already been released, as well as the products that are in development — in a separate section.
We are working on a new section called "Now in development," where you will be able to track the work of the Nimbus tech team on products that are being developed on a weekly basis.
Want to know what exciting products your Nimbus Team is working on?
Visit the Roadmap now 👉 Here!
✅ Analytics Page:
We’re also working on improving the data on the analytics page to show real-time numbers and values. Currently, it does hold some flaws since the data is collected via a third-party server. We have done the necessary research and found a more optimal solution — to create our own novel code and implement it to show relevant analytics and data.
✅ 405 minor infrastructure improvements were implemented
We'll be back with another sprint run soon — hope you all have a great weekend!
Let’s dive in!
✅ Wrap Machine:
Earlier with the Wrap Machine, you could view specific details about the transaction only before you executed the wrap (ERC-20 to BEP-20 token transfer and vice versa). We're talking about the number of NBU or GNBU tokens inserted into the Wrap Machine, the gas fees, the number of tokens received after the transfer, etc.
Now, we have ensured that these details are displayed after the wrap has been made. Also, the transaction history with all the relevant details is saved and can be viewed every time you connect your wallet to the Nimbus Platform.
✅ Revamped “Roadmap” section of the website:
Currently, the roadmap on the website shows dApps and products that have already been released, as well as the products that are in development — in a separate section.
We are working on a new section called "Now in development," where you will be able to track the work of the Nimbus tech team on products that are being developed on a weekly basis.
Want to know what exciting products your Nimbus Team is working on?
Visit the Roadmap now 👉 Here!
✅ Analytics Page:
We’re also working on improving the data on the analytics page to show real-time numbers and values. Currently, it does hold some flaws since the data is collected via a third-party server. We have done the necessary research and found a more optimal solution — to create our own novel code and implement it to show relevant analytics and data.
✅ 405 minor infrastructure improvements were implemented
We'll be back with another sprint run soon — hope you all have a great weekend!
Are you having trouble navigating your way around the Nimbus Platform? 🧐
If yes, we’ve got you covered!💡
Down below, you can find all the guides on different Nimbus functionalities and dApps 🔽
1️⃣ Nimbus Staking Guide 👉 Here and 📽 Video Version 👉 Here
2️⃣ How to switch between the Ethereum and Binance Smart Chain networks 👉 Here
3️⃣ Updated Nimbus Swap Guide 👉 Here
4️⃣ Lending dApp Guide 👉 Here
5️⃣ Wrap Machine Guide 👉 Here
6️⃣ Peer-to-Peer Exchange dApp Guide 👉 Here
If you still experience any difficulties interacting with our functionalities, you can always get in touch with our chat admin @Viktor_Nimbus_Support or with Nimbus support, here 👉 https://nimbushelp.zendesk.com/hc/en-us
If yes, we’ve got you covered!💡
Down below, you can find all the guides on different Nimbus functionalities and dApps 🔽
1️⃣ Nimbus Staking Guide 👉 Here and 📽 Video Version 👉 Here
2️⃣ How to switch between the Ethereum and Binance Smart Chain networks 👉 Here
3️⃣ Updated Nimbus Swap Guide 👉 Here
4️⃣ Lending dApp Guide 👉 Here
5️⃣ Wrap Machine Guide 👉 Here
6️⃣ Peer-to-Peer Exchange dApp Guide 👉 Here
If you still experience any difficulties interacting with our functionalities, you can always get in touch with our chat admin @Viktor_Nimbus_Support or with Nimbus support, here 👉 https://nimbushelp.zendesk.com/hc/en-us
🤚Hey Nimbus Community,
We’re here to announce our newest exciting educational venture — The Nimbus Academy Proficiency Test Series!😎
All you have to do is choose the answers that you think apply from the given lists of options! Once you’ve done that, you’ll see the correct answers.This way, you can both have fun and test the knowledge you’ve gained through the Nimbus Academy over the past 2 months!🤓
Ready? Answer the questions below💪
We’re here to announce our newest exciting educational venture — The Nimbus Academy Proficiency Test Series!😎
All you have to do is choose the answers that you think apply from the given lists of options! Once you’ve done that, you’ll see the correct answers.This way, you can both have fun and test the knowledge you’ve gained through the Nimbus Academy over the past 2 months!🤓
Ready? Answer the questions below💪
Which term is described below?
Collections of assets locked in a smart contract. These assets enable decentralized asset exchange at DEX, act as backbones of decentralized lending, and so on.
Collections of assets locked in a smart contract. These assets enable decentralized asset exchange at DEX, act as backbones of decentralized lending, and so on.
Anonymous Quiz
10%
a) Pool share
21%
b) Staking Pools
52%
c) Liquidity pools
17%
d) Show me the answer
Choose the correct definition of the term “Pool share”:
Anonymous Quiz
65%
a) Liquidity pool percentage that belongs to a particular liquidity provider
9%
b) Ratio that compares the collateral value to loan value
11%
c) USD value of assets that are deposited into a DeFi application, platform, or smart contract
14%
d) Show me the answer
Which activity from the list would NOT help you mitigate the risk of facing a permanent loss?
Anonymous Quiz
16%
a) Provide liquidity to a pair with stablecoins
40%
b) Exit the liquidity pool only when the exchange rate in your pair has grown
23%
c) Constantly track the price dynamics of both tokens within your pair
21%
d) Show me the answer
What is the size of the impermanent loss when the exchange rate in your pair grows by 1.5x?
Anonymous Quiz
20%
a) 0.6%
28%
b) 2.0%
15%
c) 3.8%
38%
d) Show me the answer
✋Your weekly market summary,
🚀 The crypto market is roaring once again with Bitcoin moving past $59K. This spike of optimism could be contributed to multiple factors. First things first, Australia’s largest pension funds Queensland Funding Firm QIC has said it may make small investments throughout the cryptocurrency sector. CDPQ — Canada’s second-largest pension fund — on the other hand, co-led a $400m funding round for crypto lending platform Celsius Network.
🤑 Secondly, it looks like a futures-based bitcoin exchange-traded fund is getting closer to approval in the US. To be more precise, the ProShares’ product is widely expected to receive accreditation on October 18. If approved, futures-based ETFs will allow investors to gain crypto exposure. By the way, would you invest in a crypto ETF?
🧠 Finally, yet importantly, the President of the Russian Federation, Vladimir Putin, said that cryptocurrencies could be eventually used as a means of payment. Even though, he claimed it was too soon to talk about using digital currencies for trading oil and other commodities that form the bulk of Russia’s exports. Who knows, maybe soon enough things will turn around.
🚀 The crypto market is roaring once again with Bitcoin moving past $59K. This spike of optimism could be contributed to multiple factors. First things first, Australia’s largest pension funds Queensland Funding Firm QIC has said it may make small investments throughout the cryptocurrency sector. CDPQ — Canada’s second-largest pension fund — on the other hand, co-led a $400m funding round for crypto lending platform Celsius Network.
🤑 Secondly, it looks like a futures-based bitcoin exchange-traded fund is getting closer to approval in the US. To be more precise, the ProShares’ product is widely expected to receive accreditation on October 18. If approved, futures-based ETFs will allow investors to gain crypto exposure. By the way, would you invest in a crypto ETF?
🧠 Finally, yet importantly, the President of the Russian Federation, Vladimir Putin, said that cryptocurrencies could be eventually used as a means of payment. Even though, he claimed it was too soon to talk about using digital currencies for trading oil and other commodities that form the bulk of Russia’s exports. Who knows, maybe soon enough things will turn around.
🔥🔥 22,12% BNB APR…26,92% BUSD APR – the yields on Nimbus Lending are on fire!
This is 2X higher compared to the industry average!🚀
Combine these numbers with multiple benefits such as:
✅ Lending on your own terms – no minimum deposits, withdraw at any time!
✅ Overcollateralized loans – ensure that your assets are safe.
✅ Nimbus's 3 layer audit system with top auditors, including Chaitin and Hacken, keeps smart contract security and integrity in check.
But note: the APR can change any time depending on the market conditions!⏳
So don't miss out and put your assets to work now 👉 here!
This is 2X higher compared to the industry average!🚀
Combine these numbers with multiple benefits such as:
✅ Lending on your own terms – no minimum deposits, withdraw at any time!
✅ Overcollateralized loans – ensure that your assets are safe.
✅ Nimbus's 3 layer audit system with top auditors, including Chaitin and Hacken, keeps smart contract security and integrity in check.
But note: the APR can change any time depending on the market conditions!⏳
So don't miss out and put your assets to work now 👉 here!
Media is too big
VIEW IN TELEGRAM
How many of you here prefer Discord over Twitter and Telegram? Well, to those of you who do prefer Discord, we've got news for you!
We've created the official Nimbus Discord server so that you can have fun exploring and communicating with other Nimbus community members!
There's more! In celebration of the server's launch, we are announcing GIVEAWAY! 100$ worth of NBU to each of 20 lucky winners🥳
🏆 To win:
1️⃣ Join - https://discord.gg/zvVjU78f85
2️⃣ Invite minimum 2 friends via the "Create Invite" button in “➕introduce-yourself” channel
3️⃣ Fill in our short form to participate 👉 Form!
On November 2 we will randomly pick 20 lucky winners!
We've created the official Nimbus Discord server so that you can have fun exploring and communicating with other Nimbus community members!
There's more! In celebration of the server's launch, we are announcing GIVEAWAY! 100$ worth of NBU to each of 20 lucky winners🥳
🏆 To win:
1️⃣ Join - https://discord.gg/zvVjU78f85
2️⃣ Invite minimum 2 friends via the "Create Invite" button in “➕introduce-yourself” channel
3️⃣ Fill in our short form to participate 👉 Form!
On November 2 we will randomly pick 20 lucky winners!
The Nimbus Platform: It is Safe and Trustworthy?
International Policy Digest made a review of the Nimbus Platform. Read here 📲
International Policy Digest made a review of the Nimbus Platform. Read here 📲
International Policy Digest
The Nimbus Platform: Is it Safe and Trustworthy?
Decentralized finance, a blockchain-based form of finance, revolves around decentralized applications, also known as DApps.
✋Happy Friday Nimbus community,
🤟🏾The DeFi industry has reached yet another milestone — the value of assets used in the ecosystem reached $100 billion for the first time. It may sound crazy but lending on cryptocurrency platforms rose 14.9% from last week to $50.7 billion, according to the latest data. Cryptocurrency exchange transactions on DeFi networks, on the other hand, surged 8.6%. Finally, the number of Bitcoin used in decentralized finance rose 8% to 209,575 from 194,130 a week earlier, whereas the number of Ethereum used went up by 3.5%.
🙊This spike of interest could be explained by the approval of the first U.S. bitcoin futures exchange-traded fund. The long-awaited ProShares ETF will offer exposure to bitcoin futures contracts — agreements to buy or sell the asset later for an agreed-upon price — rather than bitcoin itself. Thus, now anyone can get exposure to Bitcoin in his or her brokerage account. Yet, we find it important to mention that the ETF charges 0.95% a year. Would you invest in ProShares ETF that does not actually own Bitcoin?
Finally, on October 20, the PancakeHunny suffered a flash loan attack that targeted the Hunny TUSD Vault. As a result, the platform lost 388 BNB and 1.7 million TUSD (approximately $ 1.9 million). Curiously, PancakeHunny’s smart contracts were audited by Certik, one of the leading blockchain security companies in the industry, yet it fell victim to such an exploit.
🤟🏾The DeFi industry has reached yet another milestone — the value of assets used in the ecosystem reached $100 billion for the first time. It may sound crazy but lending on cryptocurrency platforms rose 14.9% from last week to $50.7 billion, according to the latest data. Cryptocurrency exchange transactions on DeFi networks, on the other hand, surged 8.6%. Finally, the number of Bitcoin used in decentralized finance rose 8% to 209,575 from 194,130 a week earlier, whereas the number of Ethereum used went up by 3.5%.
🙊This spike of interest could be explained by the approval of the first U.S. bitcoin futures exchange-traded fund. The long-awaited ProShares ETF will offer exposure to bitcoin futures contracts — agreements to buy or sell the asset later for an agreed-upon price — rather than bitcoin itself. Thus, now anyone can get exposure to Bitcoin in his or her brokerage account. Yet, we find it important to mention that the ETF charges 0.95% a year. Would you invest in ProShares ETF that does not actually own Bitcoin?
Finally, on October 20, the PancakeHunny suffered a flash loan attack that targeted the Hunny TUSD Vault. As a result, the platform lost 388 BNB and 1.7 million TUSD (approximately $ 1.9 million). Curiously, PancakeHunny’s smart contracts were audited by Certik, one of the leading blockchain security companies in the industry, yet it fell victim to such an exploit.
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✋Hey Nimbus Community,
We're excited to announce the launch of the Nimbus Affiliate Program!🎊
Get rewarded for introducing your friends 👥 to the world of DeFi via the Nimbus Platform:
✅ 12% bonus when you stake NBU tokens
✅ 10% bonus when your friends stake NBU tokens
✅ Up to 0.15% from the token swaps made by your friends
✅ One-time airdrops of up to 25% of the total amount of NBU staked by your network
✅ NBU Staking rewards of 60% APY (versus a maximum of 40% APY for the non-participants)
2-step participation:
✔️ Stake at least $50 worth of NBU at 60% APY
✔️ Invite at least one friend who’d do the same
Already a member of the Nimbus Referral Program?
Then you can easily jump right into this new Affiliate Program with better rewards!😎
For more details, read our latest Medium post 👉Here!
We're excited to announce the launch of the Nimbus Affiliate Program!🎊
Get rewarded for introducing your friends 👥 to the world of DeFi via the Nimbus Platform:
✅ 12% bonus when you stake NBU tokens
✅ 10% bonus when your friends stake NBU tokens
✅ Up to 0.15% from the token swaps made by your friends
✅ One-time airdrops of up to 25% of the total amount of NBU staked by your network
✅ NBU Staking rewards of 60% APY (versus a maximum of 40% APY for the non-participants)
2-step participation:
✔️ Stake at least $50 worth of NBU at 60% APY
✔️ Invite at least one friend who’d do the same
Already a member of the Nimbus Referral Program?
Then you can easily jump right into this new Affiliate Program with better rewards!😎
For more details, read our latest Medium post 👉Here!
Free ETH and USDT loans?👀
Sounds too good to be true - but that's exactly what makes Nimbus Borrowing dApp so special: the lowest borrowing rates in the market!
There are even more benefits:
✅ Customizable collateralization anywhere between 120% to 1000%
✅ No more losing sleep🥱over liquidation risks!
✔️ Know the liquidation risk corresponding to the collateral level while borrowing
✔️ Push notifications are triggered 10 days prior to the loan overdue date to keep you prepared - or when the collateral level drops to 130% (loan liquidation = 115%) for real-time risk mitigation
✅ Stressed because you still missed your loan overdue date? Don't worry: we've got you covered!
✔️ If your loan is past the overdue date, go to the 'Rollover' section, where you can view all the overdue loans and buy yours back.
✔️And if the loan got liquidated, go to the 'Liquidation' section, where you can also “buy it back”.
💡Since the level of liquidity provided to each borrowing pool affects the APR - the APR will certainly start growing from the current 0% - so be fast to take your loan! This way, you can have the fixed 0% for the entire period of your loan 😎
This means it's time to use your first-mover advantage and get your loans for free👉 Here!
Sounds too good to be true - but that's exactly what makes Nimbus Borrowing dApp so special: the lowest borrowing rates in the market!
There are even more benefits:
✅ Customizable collateralization anywhere between 120% to 1000%
✅ No more losing sleep🥱over liquidation risks!
✔️ Know the liquidation risk corresponding to the collateral level while borrowing
✔️ Push notifications are triggered 10 days prior to the loan overdue date to keep you prepared - or when the collateral level drops to 130% (loan liquidation = 115%) for real-time risk mitigation
✅ Stressed because you still missed your loan overdue date? Don't worry: we've got you covered!
✔️ If your loan is past the overdue date, go to the 'Rollover' section, where you can view all the overdue loans and buy yours back.
✔️And if the loan got liquidated, go to the 'Liquidation' section, where you can also “buy it back”.
💡Since the level of liquidity provided to each borrowing pool affects the APR - the APR will certainly start growing from the current 0% - so be fast to take your loan! This way, you can have the fixed 0% for the entire period of your loan 😎
This means it's time to use your first-mover advantage and get your loans for free👉 Here!
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$100 worth of NBU Giveaway – can be yours!
All you need is a few seconds:
✅ Join👉 https://discord.gg/zvVjU78f85
✅ Invite minimum 2 friends via the "Create Invite" button in "➕introduce-yourself" channel
✅ Fill in our short form to participate 👉 Form!
The giveaway ends on November 2nd! Grab it before it ends!
All you need is a few seconds:
✅ Join👉 https://discord.gg/zvVjU78f85
✅ Invite minimum 2 friends via the "Create Invite" button in "➕introduce-yourself" channel
✅ Fill in our short form to participate 👉 Form!
The giveaway ends on November 2nd! Grab it before it ends!
👋Hey Nimbus Community,
Most of you must have used Uniswap, Curve, or Balancer once ever since you ventured into DeFi🙌
Ever wondered what makes these DEXs different from traditional exchanges, or how do they ensure decentralization at large?🤨
Well, the underlying mechanism called the AMM or Automated Market Maker that powers these DEXs is doing all the magic.✨
Check the image above 👆 to discover its meaning.
What's so good about AMM?
🧿 AMMs were created as a direct response to factors such as extreme slippage, latent price discovery that enabled market manipulation – most likely caused due to human activities. Since AMMs removed the need for manual involvement and involved liquidity pools, it also solved the problems mentioned above.
🧿 In an AMM, token price changes automatically as the market moves. Moreover, even when the liquidity is low in a pair, an AMM allows the users to execute exchanges smoothly. However, during conditions of low liquidity, the price impact factor may be significantly high, hence while the exchange might happen almost instantly, the rate might not be optimal.
Most of you must have used Uniswap, Curve, or Balancer once ever since you ventured into DeFi🙌
Ever wondered what makes these DEXs different from traditional exchanges, or how do they ensure decentralization at large?🤨
Well, the underlying mechanism called the AMM or Automated Market Maker that powers these DEXs is doing all the magic.✨
Check the image above 👆 to discover its meaning.
What's so good about AMM?
🧿 AMMs were created as a direct response to factors such as extreme slippage, latent price discovery that enabled market manipulation – most likely caused due to human activities. Since AMMs removed the need for manual involvement and involved liquidity pools, it also solved the problems mentioned above.
🧿 In an AMM, token price changes automatically as the market moves. Moreover, even when the liquidity is low in a pair, an AMM allows the users to execute exchanges smoothly. However, during conditions of low liquidity, the price impact factor may be significantly high, hence while the exchange might happen almost instantly, the rate might not be optimal.
👋Hey Nimbus Community,
Recently we’ve talked about our new Affiliate Program in which you can reap 4 phenomenal rewards!
Haven’t joined it yet? Then here’s all you need to do in order to activate your participation🔽
1️⃣ Go to land.nimbusplatform.io (yes, there’s a separate website for the Affiliate Program)
2️⃣ Connect your wallet to the Affiliate Program’s website
3️⃣ Activate your participation by staking more than $50 worth of NBU (at the same website, not at the main Nimbus Platform website)
That’s it! And you’re already in!
P.S. See a detailed guide here but note we will keep updating it as the Affiliate Program interface is constantly improving
Recently we’ve talked about our new Affiliate Program in which you can reap 4 phenomenal rewards!
Haven’t joined it yet? Then here’s all you need to do in order to activate your participation🔽
1️⃣ Go to land.nimbusplatform.io (yes, there’s a separate website for the Affiliate Program)
2️⃣ Connect your wallet to the Affiliate Program’s website
3️⃣ Activate your participation by staking more than $50 worth of NBU (at the same website, not at the main Nimbus Platform website)
That’s it! And you’re already in!
P.S. See a detailed guide here but note we will keep updating it as the Affiliate Program interface is constantly improving
The entrepreneur.com recently quoted the Nimbus Platform in their feature on "How to profit off the $219 Billion (Growing) DeFi Sector"👀
Would you like to know more about what the article has to say about Nimbus?
Read here📲
Would you like to know more about what the article has to say about Nimbus?
Read here📲
Entrepreneur
How To Profit Off The $219 Billion (And Growing) DeFi Sector
It was inevitable for Bitcoin to launch. Roger Ver even said the Bitcoin ledger was the single most important innovation after the internet. Q3 2021 hedge fund letters, conferences and...
👋Hey Nimbus Community,
Meet our new Community Manager!
Luis Diaz has been a community member since the inception of the Nimbus Platform back in the early 2020. His belief and enthusiasm have been perpetually growing with the platform’s journey. He has always remained active within the community guiding his fellow members, working hand in hand with our admin — @Viktor_Nimbus_Support.
Today, Luis is joining the Nimbus Team as a Community Manager and moderator of the Spanish community on Discord. Luis is tasked with the role of moderating the chat and interacting with members to maintain positive engagement and real-time problem solving.
Interestingly, this is the third team member that was initially a member of our incredibly engaged community! So happy to have you folks with us☺️
Let’s raise a toast to YOU!🥂
Meet our new Community Manager!
Luis Diaz has been a community member since the inception of the Nimbus Platform back in the early 2020. His belief and enthusiasm have been perpetually growing with the platform’s journey. He has always remained active within the community guiding his fellow members, working hand in hand with our admin — @Viktor_Nimbus_Support.
Today, Luis is joining the Nimbus Team as a Community Manager and moderator of the Spanish community on Discord. Luis is tasked with the role of moderating the chat and interacting with members to maintain positive engagement and real-time problem solving.
Interestingly, this is the third team member that was initially a member of our incredibly engaged community! So happy to have you folks with us☺️
Let’s raise a toast to YOU!🥂
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