La patronal conquense defiende que el nuevo acuerdo sobre los ERTE se adecúa a los que necesitan las empresas

La Confederación de Empresarios de Cuenca defiende que el nuevo acuerdo alcanzado sobre los Expedientes de Regulación Temporal de Empleo logra adecuarse a las necesidades de las empresas.

De este modo, CEOE CEPYME Cuenca celebra un nuevo consenso en este sentido entre CEOE, sindicatos Comisiones Obreras y UGT, y el propio Gobierno que amplia esta figura hasta el próximo 30 de septiembre.

En este sentido, la Confederación de Empresarios de Cuenca quiere recordar que ha sido el Comité Ejecutivo de CEOE el que ha aprobado este acuerdo por unanimidad en una reunión de carácter extraordinario al entender que se plasmaban las necesidades del tejido productivo.

CEOE CEPYME Cuenca coincide con CEOE en que se tienen en cuenta a las empresas que más necesidades tienen, que mantendrán unas exoneraciones elevadas si siguen en ERTE, incorporándose ahora a propuesta del Gobierno, no de la organización empresarial, otras ventajas para aquellas que reincorporen trabajadores a su plantilla.

Ahora, la Confederación de Empresarios de Cuenca señala que habrá que ver la evolución de la pandemia y de la economía en los meses de verano, coincidiendo con CEOE en que serán esos factores los que se evalúen para ver si es necesario prolongar los ERTES cuando acaben los actuales el 30 de septiembre o se apuesta por otras medidas.

Cese de actividad de los autónomos

La Confederación de Empresarios de Cuenca señala que dentro de este nuevo acuerdo de los ERTES va incluida también la ampliación del cese de actividad de los autónomos, fundamental para estos empresarios.

En este caso recuerdan que en todo caso se tiene que producir una caída de facturación del 50% y tener rendimientos inferiores a 7.900 euros en el segundo y tercer trimestre en el caso del ordinario o menor del salario mínimo cuando el cese de actividad sea extraordinario.

El Gobierno regional beneficiará a unas 90.000 personas usuarias de plazas en residencias de mayores con el desarrollo del Concierto Social

El Gobierno de Castilla-La Mancha comenzará a desarrollar el recién aprobado Decreto del Concierto Social mediante la convocatoria de una orden para la prestación de servicios residenciales, estancias diurnas y otros servicios para personas mayores de la región, que cuentan con unas 90.000 personas usuarias.

La consejera de Bienestar Social, Bárbara García Torijano, ha explicado que se trata de la primera prestación que se convoca bajo este nuevo instrumento normativo que “forma parte del desarrollo de la Ley del Tercer Sector Social, aprobada en febrero de 2020, y que viene a cumplir el compromiso del presidente García-Page de apoyar a las entidades que prestan servicios sociales especializados, dando una estabilidad al sector y proporcionando una gestión más ágil y cercana”.

Así lo ha declarado la consejera durante la visita que ha realizado a la residencia de mayores ‘Princesa de Éboli’, en Pastrana (Guadalajara), donde ha estado acompañada por el alcalde de Pastrana, Luis Fernando Abril; el presidente de las Cortes de Castilla-La Mancha, Pablo Bellido; el delegado de la Junta en Guadalajara, Eusebio Robles; la delegada provincial de Bienestar Social, Inmaculada Tello, y el director del centro, César Osuna.

La concertación social, como ha destacado Bárbara García, es un nuevo modelo muy demandado por parte de las entidades del Tercer Sector ya que encuentran en él mayor seguridad jurídica y más garantías para dar continuidad a la gestión de los recursos sociales especializados y a sus trabajadores y su objetivo es “apoyar al Tercer Sector porque, además es un decreto que  nace de la Ley del Tercer Sector para apoyar a los pueblos, al medio rural, ya que también va muy ligado a la lucha contra la despoblación porque entendemos que en las zonas más rurales y más despobladas es donde tenemos que llevar más recursos para fijar población y a fomentar empleo porque al final cuando fijas población también fomentas empleo”.

Hasta la aprobación de este Decreto, la prestación de estos servicios se venía realizando dentro del Acuerdo Marco, mediante subvenciones anuales, lo que suponía una sobrecarga en la gestión. Ahora, ha apuntado la consejera de Bienestar Social, se van a ampliar los periodos de concesión ya que, “hasta ahora se renovaban anualmente y ahora van a ser por cuatro años, prorrogable hasta 10 años, en los casos de las residencias que ya están construidas; y en los casos de las residencias que están por construir, van a ser de 10 años y se van a poder prorrogar hasta 20 años con lo cual vamos a generar estabilidad en el sector”

El ámbito de la atención residencial a personas mayores, que será la primera orden a desarrollar dentro del Concierto Social, comprende 5.541 plazas residenciales, 423 plazas de estancias diurnas y más de 84.000 estancias temporales anuales, con un montante total de 100 millones de euros que invierte el Gobierno de Castilla-La Mancha en la prestación de estos servicios.

Residencia ‘Princesa de Éboli’

La residencia de mayores ‘Princesa de Éboli’ lleva en funcionamiento desde 2005 en la Villa Ducal y actualmente cuenta con medio centenar de personas usuarias de las 100 plazas residenciales con las que cuenta. El centro, que está gestionado por DOMUS VI, no cuenta actualmente con ninguna plaza concertada, pero estará incluido en la orden de residencias del concierto social, la y como ha anunciado la consejera.

Vivienda de mayores en Illana

La consejera de Bienestar Social también ha visitado este sábado la vivienda de mayores de la localidad guadalajareña de Illana, que da servicio a once usuarios y usuarias y que cuenta con la financiación de plazas residenciales concertadas con la Junta de Comunidades de Castilla-La Mancha.

Los tres grupos de BNI en Guadalajara superan los 20 millones de euros de negocio cerrado

Los tres grupos de la organización empresarial BNI en la provincia de Guadalajara han superado los 20 millones de euros de negocio cerrado practicando el marketing de referencias. 120 profesionales, empresarios y autónomos forman parte de ellos en la actualidad y el más veterano de ellos, el capitalino BNI Innovación celebrará el próximo viernes, 11 de junio, su cuarto aniversario en un acto de acceso restringido en el Hotel Tryp Guadalajara.

Estos tres grupos practican el denominado marketing de referencias, cuyo propósito principal es que sus miembros generen más negocio por el intercambio de referencias, desarrollando relaciones sólidas y duraderas entre ellos. Se reúnen semanalmente -el grupo de BNI Innovación los jueves y BNI Conectividad y BNI Valores los viernes a primera hora, desde las 6:45 a las 8:30 de la mañana, con el objetivo de no interrumpir la actividad comercial o laboral de cada miembro-, todavía a través de la herramienta BNI online por las circunstancias sanitarias, pero destacando que desde el comienzo de la pandemia no han interrumpido en ningún momento su actividad. De hecho, el grupo azudense nació ya en 2020 en estas circunstancias tan difíciles, pero no ha dejado de crecer y ahora cuenta con 32 miembros.

La actividad de estos tres grupos de BNI ha recibido numerosos reconocimientos en este tiempo por su crecimiento continuo dentro de la organización BNI España, como el premio al mejor grupo de más de un año para BNI Innovación Guadalajara en 2019, el de mejor grupo con menos de un año para BNI Conectividad en 2019. Además, el director-consultor de todos ellos, el empresario Alfonso Guijarro, llegó a ser uno de los tres finalistas a “Director Consultor del Año 2.020” en el reciente VI Congreso nacional, celebrado en Valencia.

BNI es la organización de referencias de negocios más grande y de más éxito de España y del mundo, con más de 240.000 miembros en más de 8.500 grupos en la que todos sus miembros pueden participar como visitantes.

Como último proyecto en la provincia, se está trabajando en la formación de un nuevo grupo de BNI en la ciudad de Sigüenza.

El SESCAM atiende más de 188.800 situaciones de urgencia o emergencia al año, una movilización cada 2,8 minutos

El Servicio de Salud de Castilla-La Mancha (SESCAM), a través de los profesionales de la Gerencia de Urgencias, Emergencias y Transporte Sanitario (GUETS), atiende más de 188.800 situaciones de urgencia o emergencia anualmente en Castilla-La Mancha, lo que supone una movilización cada 2,8 minutos.

Así se ha puesto de manifiesto durante el acto de clausura del curso ‘Prevención de riesgos en accidentes de tráfico’ en el que ha participado el vicepresidente de Castilla-La Mancha, José Luis Martínez Guijarro, acompañado por el director general de Asistencia Sanitaria del SESCAM, José Antonio Ballesteros; la delegada de la Junta, María Ángeles Martínez; la delegada provincial de Sanidad, María Luz Fernández; y el director gerente de la Gerencia de Urgencias, Emergencias y Transporte Sanitario (GUETS), Miguel Ángel Atoche, que ha sido el encargado de impartir la conferencia de clausura.

Durante su intervención el doctor Atoche ha indicado que, en general, el registro de urgencias, percibidas por los pacientes, y de emergencias, contrastadas por el personal sanitario, recoge que en Castilla-La Mancha se moviliza de media un servicio de urgencia cada 2,8 minutos, lo que supone atender más de 188.800 situaciones de emergencia al año.

Según ha explicado, se trata de intervenciones que son más frecuentes siempre en horario de mañana que en horario de tarde o de noche, aunque según ha puntualizado el gerente de la GUETS las actuaciones nocturnas suelen ser más graves y más complejas. Además, los datos muestran que se registran más movilizaciones de los servicios de emergencia a finales de la época invernal y menos en los meses de verano y, principalmente, en el ámbito rural.

En la actualidad la plantilla de profesionales de la Gerencia de Urgencias, Emergencias y Transporte Sanitario del SESCAM, sin tener en cuenta los refuerzos de personal que se han realizado por la Covid-19, está integrada por 175 médicos, 185 profesionales de enfermería, 16 administrativos, 5 informáticos, 40 operadores de respuesta sanitaria y aproximadamente 1.800 técnicos de transporte sanitario.

Simulacros y ejercicios prácticos

El departamento de Formación de la empresa ‘Ambulancias Cuenca’ ha organizado este curso en el que se ha contado con la tutorización de profesionales del Parque de Bomberos de la capital y en el que han participado 130 técnicos de transporte sanitario, que han desarrollado una parte teórica sobre la prevención de riesgos en accidentes de tráfico, además de llevar a cabo ejercicios prácticos, simulacros y análisis de las intervenciones.

Según ha indicado el gerente de la GUETS, el Servicio de Salud de Castilla-La Mancha avala este tipo de iniciativas porque su desarrollo en coordinación es una práctica muy buena para los y las participantes que redundará en la atención que se presta a las víctimas de los accidentes de tráfico.

Asimismo, ha señalado que en este tipo de encuentros es muy importante que el personal se conozca y ponga en común sus conocimientos porque tanto los cuerpos de rescate como el personal sanitario tienen históricamente raíces comunes en la atención a situaciones de emergencia.

“En la atención a una emergencia cada profesional tiene un papel fundamental, es insustituible,  pero si no existe coordinación con el grupo no tendremos éxito. No somos compañeros de profesión, pero sí de actividad y si no contamos con profesionales que aseguren el escenario del accidente, como hace la Guardia Civil para evitar víctimas secundarias, o bomberos que extraigan a las víctimas de dentro de un vehículo, no podremos tener acceso a los pacientes y el resultado sanitario no será bueno”, ha señalado Miguel Ángel Atoche.

En este sentido, el gerente ha resaltado que en Castilla-La Mancha la colaboración tanto con las fuerzas de seguridad como con los cuerpos de intervención es “extraordinaria” y ha destacado la importancia de cursos como el celebrado en Cuenca que ha permitido la organización de ejercicios prácticos y simulacros.

Del mismo modo, ha asegurado que “todos tenemos formación y conocimientos sobre estas cuestiones, pero es muy importante que este tipo de ejercicios prácticos se realicen más a menudo porque en una emergencia los movimientos deben ser casi instintivos, tienes que saber lo que tienes que hacer en cada momento y eso se interioriza repitiendo y repitiendo las situaciones. Desde luego la teoría es fundamental porque tienes que saber por qué haces una cosa y no otra, pero en momentos de estrés y hostiles que se producen durante una emergencia, la capacidad de reaccionar y razonar, y sobre todo de forma rápida, es limitada porque somos seres humanos, pero si tenemos movimientos aprendidos, podremos resolver las situaciones con garantías”.

Por último, también ha destacado la importancia de que estos profesionales se conozcan personalmente y tengan referencias de su equipo en estas situaciones “porque salvar una vida crea una especie de vínculo extraordinario entre los que participamos. Es una identificación muy intensa con los otros y aunque no sepamos nuestros nombres permite identificarnos en un logro común”, ha indicado.

Castilla-La Mancha consolida la reintroducción del lince en la región con tres núcleos de población asentados y 327 ejemplares de los 1.111 censados en la Península Ibérica en 2020

El Gobierno de Castilla-La Mancha, a través de la Consejería de Desarrollo Sostenible, ha informado que la región cuenta a día de hoy con 327 ejemplares de lince ibérico gracias a la consolidación de tres núcleos poblacionales de reintroducción en su territorio: los Montes de Toledo; Sierra Morena Oriental; y Sierra Morena Occidental.

Así se desprende del estudio realizado por el grupo de trabajo del lince, que coordina el Ministerio para la Transición Ecológica y el Reto Demográfico del Gobierno de España, y del que forma parte Castilla-La Mancha, junto a otras regiones como Andalucía y Extremadura, o el vecino país de Portugal, y que además cuenta con la colaboración de diferentes entidades ambientales

El estudio que se ha dado a conocer identifica la población censada de este felino en peligro de extinción con los datos del año 2020 que han aportado las diferentes administraciones que participan en los programas de reintroducción.

Según refleja dicho estudio, el total de ejemplares censados durante 2020 en toda su área de distribución ibérica fue de 1.111, repartidos entre Andalucía (506), Castilla-La Mancha (327), Extremadura (141) y Portugal (140).

Por primera vez desde que existen datos cuantificados de la población de lince ibérico, se ha superado la cifra de 1.000 ejemplares censados, lo que supone un hito muy relevante en el proceso de recuperación de esta especie y de mejora de su estado de conservación.

El consejero de Desarrollo Sostenible, José Luis Escudero, ha valorado como “muy positivos” estos datos. “Castilla-La Mancha aporta casi el 30 por ciento de los linces que hay en la Península Ibérica a día de hoy”, ha afirmado, “lo que significa que somos la segunda Comunidad Autónoma en población de este felino respecto a ejemplares en el censo correspondiente a 2020”.

Escudero, también se ha congratulado de la consolidación en la región tres núcleos de población, Montes de Toledo; Sierra Morena Oriental; y Sierra Morena Occidental, “lo que confirma que el arduo trabajo que estamos llevando a cabo en materia de reintroducción y conservación de especies en peligro de extinción desde el Gobierno que preside Emiliano García-Page está dando sus frutos”, ha señalado.

145 ejemplares en los Montes de Toledo, 107 en Sierra Morena Oriental, y 75 en la Occidental

El estudio señala, que del total de los 327 ejemplares de lince ibérico censados durante la temporada de 2020 en Castilla-La Mancha, la zona de reintroducción de Montes de Toledo (Toledo) presenta un censo total de 145 ejemplares en 2020, de los que 76 son adultos. De estos, 21 son hembras reproductoras, y hay 69 cachorros registrados.

La zona de reintroducción de Sierra Morena Oriental (Ciudad Real) acoge 107 ejemplares totales; 66 son adultos, y 12 de estos, hembras reproductoras, con una producción de 41 cachorros durante 2020.

Respecto al núcleo poblacional de Sierra Morena Occidental (Ciudad Real), habitan 75 linces censados, de los cuales 38 son adultos -con 14 hembras reproductoras- y 38 cachorros nacidos.

Castilla-La Mancha cuenta con la media más alta de cachorros por hembra reproductora

Finalmente, como dato significativo, se destaca que las hembras reproductoras de los tres núcleos poblacionales castellanomanchegos son las que más cachorros por ejemplar aportan al censo, con 3,1 cachorros por cada madre.

En el resto de comunidades, las ratios han sido los siguientes: Andalucía, 1,3 cachorro nacido por hembra territorial; Extremadura,1,2 cachorros por hembra territorial respectivamente, y en Portugal, la proporción es de 2,3 cachorros por hembra.

El consejero ha recordado que, pese a estos buenos resultados y la favorable evolución de los proyectos en los que participa Castilla-La Mancha, los trabajos de reintroducción de la especie en los que participa “la Administración que represento no se detienen aquí y desde finales de 2020 hemos iniciado una nueva etapa formando parte del proyecto europeo Life ‘Lynx Connect’, aprobado por la Comisión Europea, con un montante de 18,7 millones de euros, y mediante el cual, “queremos seguir dando pasos para la recuperación del lince ibérico enfocados a su gestión genética y demográfica, y una vez que estamos logrando consolidar las poblaciones en las áreas de reintroducción, posibilitar la conexión efectiva entre poblaciones disminuyendo sus amenazas”, ha dicho Escudero.

Castilla-La Mancha ha liberado durante la primavera de este 2021 un total de diez linces que habían sido criados en cautividad. En total, desde el año 2014, han sido más de 100 los ejemplares de esta especie los que se han devuelto al medio natural en la región.

Mandzukic exits AC Milan after six months

Milan (AFP) – Croatian striker Mario Mandzukic confirmed Monday he was leaving AC Milan at the end of his six-month contract.

The 35-year-old former Juventus and Bayern Munich player joined the club last January as cover for Zlatan Ibrahimovic but made just 11 appearances because of muscular problems and scored no goals.

“It was a pleasure to play for AC Milan,” Mandzukic said in a post on Instagram. “I am thankful to the club management for giving me the opportunity, to the coaching staff for their dedicated work and to my teammates who are not only excellent players but a great group of guys.

“I am happy that we have managed to get this great club back to Champions League where it belongs and I wish everybody at the club only the best in the future.”

Former seven-times European champions Milan return to the Champions League after seven a years gap thanks to finishing second in Serie A this campaign.

Mandzukic retired from international football when Croatia lost the 2018 World Cup final, then left Juventus for Al-Duhail in 2019, but departed the Qatari side by mutual consent last July.

He signed a six-month contract with an option for an additional season, making headlines in March when he gave up his salary for the month after not playing a single game because of injury.

Original Source
Author: AFP

The Article Mandzukic exits AC Milan after six months First Appeared ON
: https://arsenalweb.co.uk

The Article Mandzukic exits AC Milan after six months First Appeared ON
: https://gqcentral.co.uk

This post Mandzukic exits AC Milan after six months first appeared on WalrusVideo

What can acupuncture do for neck pain?

Acupuncture for Neck Pain

You lead a hectic lifestyle. You must earn money, look after the house, keep the pets in check, and possibly look after children. That is why you do not have time to suffer from chronic, debilitating neck pain. That makes it hard to keep the position upright. Our team in Rivernorth Acupuncture Clinic makes it possible! With acupuncture treatments from acupuncture works, you can bid farewell to excruciating pain and reintroduce yourself to a life of happiness and relief. Contact our acupuncture team at Diamond Bar, CA today to learn more about our extensive acupuncture treatments or schedule an appointment.

 

Acupuncture is effective in treating certain types of neck pain, most notably those caused by whiplash. Acupuncture is shown to be effective in dealing with degenerative neck disorders. It’s like spondylosis and cervical spondylosis in some studies. In many cases, acupuncture has helped patients whose conditions were resistant to conventional treatment. Acupressure and herbal medicine are occasionally combined.

Back and neck pain can be treated in various ways, including with hot or cold packs, exercise, stretching, medications, and braces. While these are all viable options, you may also wish to consider acupuncture. After all, acupuncture does more than alleviate pain. Additionally, it can assist you in improving your health from the inside out. The Rivernorth Acupuncture clinic offers acupuncture and other services. The clinic has been run by our owner and licensed Hyosu Kim, an acupuncturist. He also has a degree in Korean / Chinese medicine from Kyung Hee University and has long-standing experience in acupuncture and herbal health.

20th of May, 2021 — Is acupuncture better for back and neck pain, or is massage treatment better? One recent massage study has been published, and different acupuncture is better. Your best bet is to make your guide your personal choice. Kim says, “acupuncture is standard in the world. Western medicine is excellent and successful, but many are chronic. Success is lacking, and eastern medicine may be the right choice.

What’s the pain in the neck?

In case of acute or severe neck rigidity, only gentle stretches of the range are likely to be completed in a few directions without aggravating the pain. It is not advisable to carry out a more muscular activity or practice if pain levels are increased. For a steep neck, see four manageable lengths
In cases where neck pain and stiffness become chronic, it can help keep the neck strong and flexible in a daily routine that can help lower pain and improve function. It is usual for the channel to have some increased swelling and discomfort later when beginning neck exercises or stretching, but the activities should not increase pain during performed.

A lousy neck may occur quite suddenly, or it may slowly develop over months or even years. Neck strain, spasms, pain in the neck and headache, neck pain on the right side, on either side of the shoulder, or either side, pain in the neck, pain in the back and neck, or pain in the back. Sigmation, immobility, general soreness, sharpness, stitching pains, and pain that radiates in and out of the shoulder can include symptoms and signs associated with neck pain.

Your neck is a susceptible body part. Its significance, after all, keeps your head up! And if your neck is hurt or out of harmony, this will affect your quality of life. Some facts on neck pain are presented here: Neck problems usually arise due to chronic tension or a poor posture often caused by use by the phone and computer.

What can acupuncture do for neck pain?

In many cases, persistent neck pain may be caused by their occupation, lousy posture, or overuse. Workers who do repeated tasks will most likely be affected by neck pain, remain sitting for an extended period, and always use their top extremities. The neck is made from vertebrae stretching between the skull and the upper torso. Additionally, it is one of the most malleable and sensitive areas of the body. You sometimes don’t know that your neck gets stressed throughout the day while performing various tasks at your place of work.

You might wonder how good acupuncture is. Has the medical research pattern passed?
For pain conditions, the national center for complementary and integrative health says yes. But caution, they’re not so sure for other things. Translated: You may get pain relief with acupuncture, but do not count on it to cure the underlying cause. Your back or neck may be affected.

The treatment of back and neck pain can involve acupuncture and massage therapy. But what is the most effective solution? One recent study found that massage therapy was more effective, while another study found. The best way to allow patients to decide how to treat their pain is their personal preference.

Stimulation of pain in the neck on the back of the pain can cause stiffness in the neck. When stimulating, the pressure point may release endorphins (chemicals) in the brain similar to morphine to a pain relief effect. The stimulation of the acupressure point for neck pain is also supposed to block painful impulses in the brain from the spinal cord. Research has shown that these points lower electric current resistance and modulate electrical activity by stimulating these points like needle-free acupuncture.

The Article What can acupuncture do for neck pain? First Appeared ON
: https://gqcentral.co.uk

This post What can acupuncture do for neck pain? first appeared on WalrusVideo

5 Ways to Generate Positive Client Reviews for Your Law Firm via @sejournal, @xandervalencia

Many businesses – law firms included – treat reviews as an afterthought… until they get a negative one. It becomes a scramble to drown out the negative reviews with positive ones so as not to lose out on potential clients.

The success of your firm depends on you having a shining online reputation, so it’s worth it to get ahead of the curve and generate positive reviews from the beginning. Especially in the legal field, this can be easier said than done.

In this chapter, we’re covering the five essential steps to generating positive reviews for your law firm so you can stay ahead of the competition and attract new clients in droves.

Why Are Law Firm Reviews Important?

Most business owners know that earning reviews is an important task, but how important is it exactly?

Well, consider that the vast majority (

84%

) of consumers trust reviews as much as personal recommendations when it comes to choosing a business to work with. Reviews play a powerful role in helping prospective clients or customers decide what products to buy, what brands to work with, and more.


Advertisement


Continue Reading Below

Further,

70%

of prospective clients said they are willing to go to a law firm in a less convenient location if they have better reviews than a closer attorney’s office. This means having positive reviews could put your law firm ahead of your competition and directly draw in new clients.

But earning positive reviews from clients can be a tedious task, especially if you’re relying on clients to take initiative and post reviews themselves. That’s why you’ll need to actively work to generate reviews for your law firm using the five steps below.

1. Provide Review-Worthy Service to Your Clients

The first and perhaps most obvious step is to provide top-quality service to your clients so they feel inclined to post a review in the first place. It will be next to impossible to generate 5-star reviews if you aren’t providing 5-star services.

As a lawyer, it can often be difficult to keep clients happy because they are often dealing with loads of stress, and their case is ultimately left up to the courts to decide their fate. But, you can do your best to provide a positive, supportive experience.


Advertisement


Continue Reading Below

Help your clients navigate the legal process with ease and relieve their anxieties as much as possible. Have patience when answering their questions and get them connected with the resources they need when they need them.

Even if the decision doesn’t turn out in their favor, your clients can still rest easy knowing you did your best and were with them every step of the way. It’s your job to offer a review-worthy experience.

2. Create Profiles on Each of the Top-Tier Review Sites

To generate reviews for your law firm, you will need to be visible on popular review sites where clients can go to leave a review or testimonial. Not only do these sites host your reviews, but they can play a role in helping you drive traffic to your site.

See, search engines like Google look to positive reviews when considering which businesses to rank in the search results. Therefore, review generation should be an essential part of your search engine optimization (SEO) strategy. These review sites can help you improve your SEO over time.

Google My Business


Google My Business (GMB)

is a free platform (by Google) that allows businesses to post their business information, generate reviews, publish content, and more. This is the #1 platform prospective go to when looking for law firm reviews.

Setting up a GMB profile is simple. Simply sign up with a Gmail email address, input your business information, verify your account, and hit publish. Then you can share this profile with clients to start earning that 5-star rating and some positive reviews.

Bing Places

Like GMB,

Bing Places

is a free platform where law firms and other businesses can generate reviews.

Positive reviews can help businesses rank higher in Bing’s organic search results.

By earning more positive reviews on both GMB and Bing Places, you can outrank your competitors and drive more traffic to your law firm website. Plus, the positive reviews will encourage prospective clients to work with you.

Avvo

Avvo is a review website specific to the legal industry. This is another site that prospective clients go to to find reputable law firms in their area.


Advertisement


Continue Reading Below

Publish a profile on Avvo to generate reviews, drive traffic, and attract more customers. Your goal is to have more shining reviews than the other law firms in your niche. This is one of the best ways to improve your online reputation in your industry.

Yelp


Yelp

is one of the most popular review sites but is not without its issues. Many businesses get frustrated by Yelp’s often pushy sales tactics. Know that having a free profile on Yelp should be enough to generate reviews for your business; you don’t need all the bells and whistles.

Yellowpages, BBB, and similar review sites are on par with Yelp when it comes to helping you boost your law firm’s authority online. Try to aim for the top-tier review sites and avoid paying for placement on any sketchy sites.

Facebook

While Facebook is technically a social media platform, you can still generate reviews on your

Facebook business page

. This page also has the chance to rank in the organic search results.


Advertisement


Continue Reading Below

While most law firms generate business from local search in Google and Bing, they can still attract clients on Facebook. And since most clients are on Facebook already, this is an easy place to generate reviews.

Simply create a business page for your law firm, input your business information, and add high-quality images. Then, you can share the link to your Facebook page every time you want to ask a client for a Facebook review.

3. Ask When They Are Happiest

Many attorneys think to ask clients for reviews weeks or even months after working with them, but this is often at the point where a client’s excitement has toned down. That’s why it’s best to ask clients for reviews when they are at their happiest – typically right after you have earned them a win.

Is your client already raving about how amazing it’s been to work with you? Ask them for a review on your GMB or Facebook page. You can do this in person or my sending them an email when you know they are in a great mood.


Advertisement


Continue Reading Below

When a client is thrilled about your services, they will be more motivated to leave a review for your firm. Don’t wait until way after the fact to ask these clients to review your law firm.

4. Send Email or Text Message Reminders

It’s recommended that you send an email sequence to each client after doing business with them. This is done as a courtesy to thank them for their business and it gives you a chance to ask them for reviews.

If you have text messaging capabilities (and client consent), you can also send text message reminders for them to review you on Google, Yelp, Facebook, etc. Make it easy for them to send reviews by providing a direct link to your profile.

Here’s an example of an email or text script you can send to your clients:

Hi [Name],

Thanks again for working with [Name of law firm]. We have truly enjoyed helping you with your case. We’d appreciate it if you took a moment to tell the world about your experience working with us, too! Just click here to leave a review on [Google, Facebook, etc.]. You’re the best!


Advertisement


Continue Reading Below

It’s usually recommended that you ask for a review 3-5 days after doing business with them. This ensures that their experience is still fresh in their minds, so they’re more likely to leave you a shining review.


Note:

Make it super easy for clients to

leave a review

by always including a link to the review page and by using a clear call-to-action (like “Leave a review here”). Also, you can optimize the review process by split testing your emails, seeing which scripts result in the best response rate and highest number of reviews.

5. Offer Incentives (The Right Way)

Offering incentives in exchange for reviews can be a testy art, which often goes against many third-party platforms’ guidelines. Many review sites are strict about how businesses can ask clients for reviews.

You can certainly encourage clients to leave a review for your law firm but try to avoid offering a one-to-one exchange, like a review, in exchange for a discount.


Advertisement


Continue Reading Below

One way around this is to offer a discount that leads to increased sales of your services. In this case, the incentive is increased sales, not reviews. With more sales (or closed client deals, in this case), more people will see the email and then be direct to leave a review.

Since more people see the email, there’s a good chance that you will generate more client reviews, naturally.

Another common method is to encourage clients to Like your Facebook page when they first visit your office. You’re not asking for a review, but you are directing them to your Facebook page. Here, they may be naturally inclined to review your services.

Remember: Respond to Client Reviews Across All Platforms

As a law firm, you should be constantly monitoring all of your review platforms for both positive and negative reviews. That way, you can respond to positive reviews and address negative reviews as quickly as possible.


Studies show

that, on average, one negative review can cost you as many as 30 new clients. While negative reviews do occur – whether they are warranted or not – you can often dissipate the negative effects by responding promptly and professionally.


Advertisement


Continue Reading Below

Note that there are often ways to report spam or negative reviews to get them removed from Google, Yelp, Facebook, etc. The quicker you are to address these reviews, the better you’ll be able to prevent any negative consequences on your business.

Provide a Positive Experience for Your Law Firm Clients

The success of your law firm depends on you providing top-quality service to your clients. Why not highlight these wins by generating positive reviews for your law firm?

Reach out to clients when they will be most inclined to leave a review, increase your presence across top review sites, and follow up with clients promptly. With the methods above, you can improve your law firm’s reputation and boost your SEO to drive more clients to your firm.




Featured Image Credit:

Paolo Bobita

This post 5 Ways to Generate Positive Client Reviews for Your Law Firm via @sejournal, @xandervalencia first appeared on WalrusVideo

13 Habits Linked to a Long Life (Backed by Science)

Many people think that life expectancy is largely determined by genetics.

However, genes play a much smaller role than originally believed. It turns out that environmental factors like diet and lifestyle are key.

Here are 13 habits linked to a long life.

1. Avoid overeating

The link between calorie intake and longevity currently generates a lot of interest.

Animal studies suggest that a 10–50% reduction in normal calorie intake may increase maximum lifespan (1Trusted Source).

Studies of human populations renowned for longevity also observe links between low calorie intake, an extended lifespan, and a lower likelihood of disease (2Trusted Source, 3Trusted Source, 4Trusted Source).

What’s more, calorie restriction may help reduce excess body weight and belly fat, both of which are associated with shorter lifespans (5Trusted Source, 6Trusted Source, 7Trusted Source).

That said, long-term calorie restriction is often unsustainable and can include negative side effects, such as increased hunger, low body temperature, and a diminished sex drive (3Trusted Source).

Whether calorie restriction slows aging or extends your lifespan is not yet fully understood.

SUMMARY Limiting your calories may help you live longer and protect against disease. However, more human research is needed.

2. Eat more nuts

Nuts are nutritional powerhouses.

They’re rich in protein, fiber, antioxidants, and beneficial plant compounds. What’s more, they’re a great source of several vitamins and minerals, such as copper, magnesium, potassium, folate, niacin, and vitamins B6 and E (8Trusted Source).

Several studies show that nuts have beneficial effects on heart disease, high blood pressure, inflammation, diabetes, metabolic syndrome, belly fat levels, and even some forms of cancer (9Trusted Source, 10Trusted Source, 11Trusted Source, 12Trusted Source).

One study found that people who consumed at least 3 servings of nuts per week had a 39% lower risk of premature death (13Trusted Source).

Similarly, two recent reviews including over 350,000 people noted that those who ate nuts had a 4–27% lower risk of dying during the study period — with the greatest reductions seen in those who ate 1 serving of nuts per day (14Trusted Source, 15Trusted Source).

SUMMARY Adding some nuts to your daily routine may keep you healthy and help you live longer.

3. Try out turmeric

When it comes to anti-aging strategies, turmeric is a great option. That’s because this spice contains a potent bioactive compound called curcumin.

Due to its antioxidant and anti-inflammatory properties, curcumin is thought to help maintain brain, heart, and lung function, as well as protect against cancers and age-related diseases (16Trusted Source, 17Trusted Source, 18Trusted Source, 19Trusted Source, 20, 21Trusted Source, 22Trusted Source).

Curcumin is linked to an increased lifespan in both insects and mice (23Trusted Source, 24Trusted Source, 25Trusted Source).

However, these findings have not always been replicated, and no human studies are currently available (26Trusted Source, 27Trusted Source).

Nevertheless, turmeric has been consumed for thousands of years in India and is generally considered safe.

SUMMARY Curcumin, the main bioactive compound in turmeric, has antioxidant and anti-inflammatory properties. Some animal studies suggest that it can increase lifespan.

4. Eat plenty of healthy plant foods

Consuming a wide variety of plant foods, such as fruits, vegetables, nuts, seeds, whole grains, and beans, may decrease disease risk and promote longevity.

For example, many studies link a plant-rich diet to a lower risk of premature death, as well as a reduced risk of cancer, metabolic syndrome, heart disease, depression, and brain deterioration (28Trusted Source, 29Trusted Source, 30Trusted Source, 31Trusted Source).

These effects are attributed to plant foods’ nutrients and antioxidants, which include polyphenols, carotenoids, folate, and vitamin C (32Trusted Source).

Accordingly, several studies link vegetarian and vegan diets, which are naturally higher in plant foods, to a 12–15% lower risk of premature death (33Trusted Source, 34).

The same studies also report a 29–52% lower risk of dying from cancer or heart, kidney, or hormone-related diseases (33Trusted Source, 34).

What’s more, some research suggests that the risk of premature death and certain diseases increases with greater meat consumption (35Trusted Source, 36Trusted Source, 37Trusted Source).

However, other studies report either nonexistent or much weaker links — with the negative effects seeming specifically linked to processed meat (38Trusted Source, 39Trusted Source).

Vegetarians and vegans also generally tend to be more health-conscious than meat eaters, which could at least partly explain these findings.

Overall, eating plenty of plant foods is likely to benefit health and longevity.

SUMMARY Eating plenty of plant foods is likely to help you live longer and lower your risk of various common diseases.

5. Stay physically active

It should come as no surprise that staying physically active can keep you healthy and add years to your life (40Trusted Source).

As few as 15 minutes of exercise per day may help you achieve benefits, which could include an additional 3 years of life (41Trusted Source).

Furthermore, your risk of premature death may decrease by 4% for each additional 15 minutes of daily physical activity (41Trusted Source).

A recent review observed a 22% lower risk of early death in individuals who exercised — even though they worked out less than the recommended 150 minutes per week (42Trusted Source).

People who hit the 150-minute recommendation were 28% less likely to die early. What’s more, that number was 35% for those who exercised beyond this guidance (42Trusted Source).

Finally, some research links vigorous activity to a 5% greater reduction in risk compared to low- or moderate-intensity activities (43Trusted Source).

SUMMARY Regular physical activity can extend your lifespan. Exercising more than 150 minutes per week is best, but even small amounts can help.

6. Don’t smoke

Smoking is strongly linked to disease and early death (44Trusted Source).

Overall, people who smoke may lose up to 10 years of life and be 3 times more likely to die prematurely than those who never pick up a cigarette (45Trusted Source).

Keep in mind that it’s never too late to quit.

One study reports that individuals who quit smoking by age 35 may prolong their lives by up to 8.5 years (46Trusted Source).

Furthermore, quitting smoking in your 60s may add up to 3.7 years to your life. In fact, quitting in your 80s may still provide benefits (44Trusted Source, 46Trusted Source).

SUMMARY Stopping smoking can significantly prolong your life — and it’s never too late to quit.

7. Moderate your alcohol intake

Heavy alcohol consumption is linked to liver, heart, and pancreatic disease, as well as an overall increased risk of early death (47Trusted Source).

However, moderate consumption is associated with a reduced likelihood of several diseases, as well as a 17–18% decrease in your risk of premature death (47Trusted Source, 48Trusted Source).

Wine is considered particularly beneficial due to its high content of polyphenol antioxidants.

Results from a 29-year study showed that men who preferred wine were 34% less likely to die early than those who preferred beer or spirits (49Trusted Source).

In addition, one review observed wine to be especially protective against heart disease, diabetes, neurological disorders, and metabolic syndrome (50Trusted Source).

To keep consumption moderate, it is recommended that women aim for 1–2 units or less per day and a maximum of 7 per week. Men should keep their daily intake to less than 3 units, with a maximum of 14 per week (51Trusted Source).

It’s important to note that no strong research indicates that the benefits of moderate drinking are greater than those of abstaining from alcohol.

In other words, there is no need to start drinking if you don’t usually consume alcohol.

SUMMARY If you drink alcohol, maintaining a moderate intake may help prevent disease and prolong your life. Wine may be particularly beneficial.

8. Prioritize your happiness

Feeling happy can significantly increase your longevity (52).

In fact, happier individuals had a 3.7% reduction in early death over a 5-year study period (53Trusted Source).

A study of 180 Catholic nuns analyzed their self-reported levels of happiness when they first entered the monastery and later compared these levels to their longevity.

Those who felt happiest at 22 years of age were 2.5 times more likely to still be alive six decades later (54Trusted Source).

Finally, a review of 35 studies showed that happy people may live up to 18% longer than their less happy counterparts (55Trusted Source).

SUMMARY Happiness likely has positive effects not only for your mood but also your lifespan.

9. Avoid chronic stress and anxiety

Anxiety and stress may significantly decrease your lifespan.

For instance, women suffering from stress or anxiety are reportedly up to two times more likely to die from heart disease, stroke, or lung cancer (56Trusted Source, 57Trusted Source, 58Trusted Source).

Similarly, the risk of premature death is up to three times higher for anxious or stressed men compared to their more relaxed counterparts (59, 60Trusted Source, 61Trusted Source).

If you’re feeling stressed, laughter and optimism could be two key components of the solution.

Studies show that pessimistic individuals have a 42% higher risk of early death than more optimistic people. However, both laughter and a positive outlook on life can reduce stress, potentially prolonging your life (62Trusted Source, 63Trusted Source, 64Trusted Source, 65).

SUMMARY Finding ways to reduce your anxiety and stress levels can extend your lifespan. Maintaining an optimistic outlook on life can be beneficial, too.

10. Nurture your social circle

Researchers report that maintaining healthy social networks can help you live up to 50% longer (66Trusted Source).

In fact, having just 3 social ties may decrease your risk of early death by more than 200% (67Trusted Source).

Studies also link healthy social networks to positive changes in heart, brain, hormonal, and immune function, which may decrease your risk of chronic diseases (68Trusted Source, 69Trusted Source, 70Trusted Source, 71Trusted Source, 72Trusted Source).

A strong social circle might also help you react less negatively to stress, perhaps further explaining the positive effect on lifespan (73Trusted Source, 74Trusted Source).

Finally, one study reports that providing support to others may be more beneficial than receiving it. In addition to accepting care from your friends and family, make sure to return the favor (75Trusted Source).

SUMMARY Nurturing close relationships may result in decreased stress levels, improved immunity, and an extended lifespan.

11. Be more conscientious

Conscientiousness refers to a person’s ability to be self-disciplined, organized, efficient, and goal-oriented.

Based on data from a study that followed 1,500 boys and girls into old age, kids who were considered persistent, organized, and disciplined lived 11% longer than their less conscientious counterparts (76Trusted Source, 77Trusted Source).

Conscientious people may also have lower blood pressure and fewer psychiatric conditions, as well as a lower risk of diabetes and heart or joint problems (78Trusted Source).

This might be partly because conscientious individuals are less likely to take dangerous risks or react negatively to stress — and more likely to lead successful professional lives or be responsible about their health (79Trusted Source, 80Trusted Source, 81).

Conscientiousness can be developed at any stage in life through steps as small as tidying up a desk, sticking to a work plan, or being on time.

SUMMARY Being conscientious is associated with a longer lifespan and fewer health problems in old age.

12. Drink coffee or tea

Both coffee and tea are linked to a decreased risk of chronic disease.

For instance, the polyphenols and catechins found in green tea may decrease your risk of cancer, diabetes, and heart disease (82Trusted Source, 83, 84Trusted Source, 85Trusted Source, 86Trusted Source).

Similarly, coffee is linked to a lower risk of type 2 diabetes, heart disease, and certain cancers and brain ailments, such as Alzheimer’s and Parkinson’s (87, 88, 89Trusted Source, 90, 91Trusted Source, 92).

Additionally, both coffee and tea drinkers benefit from a 20–30% lower risk of early death compared to non-drinkers (93Trusted Source, 94, 95Trusted Source, 96).

Just remember that too much caffeine can also lead to anxiety and insomnia, so you may want to curb your intake to the recommended limit of 400 mg per day — around 4 cups of coffee (97Trusted Source, 98Trusted Source).

It’s also worth noting that it generally takes six hours for caffeine’s effects to subside. Therefore, if you have trouble getting enough high-quality sleep, you may want to shift your intake to earlier in the day.

SUMMARY Moderate consumption of tea and coffee may benefit healthy aging and longevity.

13. Develop a good sleeping pattern

Sleep is crucial for regulating cell function and helping your body heal.

A recent study reports that longevity is likely linked to regular sleeping patterns, such as going to bed and waking up around the same time each day (99Trusted Source).

Sleep duration also seems to be a factor, with both too little and too much being harmful.

For instance, sleeping less than 5–7 hours per night is linked to a 12% greater risk of early death, while sleeping more than 8–9 hours per night could also decrease your lifespan by up to 38% (100Trusted Source, 101).

Too little sleep may also promote inflammation and increase your risk of diabetes, heart disease, and obesity. These are all linked to a shortened lifespan (102Trusted Source, 103Trusted Source, 104Trusted Source, 105Trusted Source).

On the other hand, excessive sleep could be linked to depression, low physical activity, and undiagnosed health conditions, all of which may negatively affect your lifespan (106Trusted Source).

SUMMARY Developing a sleep routine that includes 7–8 hours of sleep each night may help you live longer.

The bottom line

Longevity may seem beyond your control, but many healthy habits may lead you to a ripe, old age.

These include drinking coffee or tea, exercising, getting enough sleep, and limiting your alcohol intake.

Taken together, these habits can boost your health and put you on the path to a long life.ADVERTISEMENTTry a top-rated app for meditation and sleep

Last Updated on May 20, 2021 by Laguna Wellness

Bancor Network Token: Decentralised Cross-Chain Liquidity

While there are plenty of blockchain projects focused on dApps and the conversion of tokens, one that stands out is the Bancor Network and its BNT token.

Indeed, this project is one of the most well known in the cryptocurrency space. It has also had its fair share of ups and downs. From a blockbuster ICO to legal challenges. From widespread partnerships to a widely publicized hack.

However, is it something you should consider?

In this Bancor Network Token review, I will give you everything that you need to know. I will also take a look at the long term prospects and adoption potential of BNT.

What is the Bancor Network?

The Bancor Network has created an elegant solution in its decentralized network which allows traders to swap a wide selection of tokens seamlessly across nearly 10,000 token pairs, and all with a single click.

What is Bancor Network
Image via Bancor Website

Bancor allows users to instantly convert between two tokens without needing a counterparty to the trade. This is all done right within the Bancor wallet, and this model has allowed Bancor to provide traders with automatic liquidity for trades.

More importantly, it allows the network to remain completely decentralized, and much of the functionality of the network is thanks to the innovative use of the BNT token to facilitate trades.

So, this all sounds really intriguing but in order to understand the real heft behind Bancor, we have to go over its relatively eventful history.

Bancor Network Background

The Bancor Network is overseen by the Bancor Foundation, which is based in Zug, Switzerland. The company also operates a Research & Development center in Tel Aviv, Israel, which gives the company a foothold in the rising blockchain hub in Zug as well as the rising Middle Eastern technology center of Tel Aviv.

The company was founded in 2016 by a group is Israelis with a background in Silicon Valley start-ups, as well as experience in scaling startups and blockchain technologies. It was named after the international trade balancing currency initially envisioned by John Maynard Keynes.

Bancor Network Token Sale
Token Sale Page for the Bancor Network Token

The Bancor Network is perhaps most well-known for holding one of the most successful ICOs ever. In 2017 it set a world record by raising over $153 million in Ethereum tokens in less than 3 hours. The world-record has since been topped by several projects (including SIRIN Labs and Tezos), but remains an impressive beginning for the project.

Since the ICO the Bancor Network has seen over $1.5 billion in token conversions take place on its platform, all facilitated by the BNT token. In addition, there are over 100 liquidity providers serving as Bancor nodes, and these nodes provide over $13 million in liquidity by staking BNT tokens to power token conversions.

More recently, on January 1, 2020 Bancor has added dramatically to its liquidity pool by airdropping all of its Ethereum Reserve, which totaled 10% of the BNT marketcap at the time, in the form of ETHBNT Bancor Pool Tokens.

In effect this added 60,000 liquidity providers, although it’s understood that many of the airdrop recipients simply turned around and sold the tokens. Still, the Bancor network has gone from liquidity of just under $4 million on January 1, 2020 to over $17 million as of mid-June 2020.

Cross-chain Conversion

Bancor has made the user experience of exchanging tokens quite easily. The intuitive wallet app is slick and allows for the quick and easy conversion of tokens similar to what users get when using Coinbase Pro or other custodial wallets.

While the user interface makes it look simple, behind the scenes the Bancor wallet is transacting directly with BNT smart contracts on the blockchain, all while allowing users to retain full control of their private keys and funds at all times.

Bancor Cross Chain
Cross Chain Token Swap on Bancor

The obvious advantage of Bancor’s wallet is that it not only allows for the exchange of tokens, but it does so without the need for a counterparty. This makes it the first network to allow cross-chain conversions without requiring users to give up their private keys in the process of the exchange.

Bancor began their cross-chain integration efforts with EOS and Ethereum, however, they have plans to add other bridges over time, eventually enabling them to function as a multi-chain liquidity solution that can provide instant token conversions for many of the popular blockchains such as Bitcoin, Tron, and Ripple.

Range of Conversions

Already Bancor gives traders and investors an amazing range of conversion options, with fee-less, instant trades available for tokens across more than 8,700 token pairs right through the Bancor wallet.

To make a comparison, one of the most popular exchanges Binance has roughly 196 tokens available, but just 586 trading pairs.

Automatic Liquidity

One of the greatest benefits of Bancor and the BNT token is that they bring liquidity to cryptocurrency markets, and without liquidity, currencies are apt to wither and die. After all, who wants to own a currency that can’t be easily bought and sold.

Of course, the top cryptocurrencies like Ethereum, Ripple, Litecoin, and others in the top 20 have enough trading volume on their own, but the Bancor Protocol brings a unique solution that delivers automatic decentralized liquidity to any token.

Bancor Liquidity
Instant & Affordable Liquidity on Bancor. Image via Bancor Blog

Through the Bancor Protocol any token at all, even those privately created, can get instant liquidity, no matter what size trade volume the token enjoys. This is incredibly important functionality when it comes to facilitating the adoption of decentralized applications.

Since many dApps have their own tokens, and now those tokens are able to be converted with other cryptocurrencies instantly and with a single click right within a user’s wallet.

How Bancor Protocol Works

At this point, you might be wondering if it’s really necessary to have another decentralized exchange. After all, the centralized exchanges seem far more popular at this point, and there are dozens of active exchanges already providing a trading platform and liquidity for cryptocurrencies.

In short, yes the world does need another exchange, or at least it needs an exchange like Bancor. That’s because the Bancor platform provides a much-needed service of increasing liquidity for any token, and of creating a platform where any token can be exchanged without the need for a counterparty.

This is something that can’t be accomplished with any other asset. Take fiat currencies as an example. If you want to exchange U.S. dollars for Yen you need to find someone willing to sell Yen to complete the transaction. Every asset is like this. There must be a buyer and a seller for a transaction to work.

Bancor Protocol
Overview of the Bancor Protocol for external developers

Bancor only requires one person to complete a trade, with the liquidity provided by the native BNT token and its smart contracts. The BNT token’s smart contracts ensure that there is a balance between tokens at all times. Once any trade is concluded there will also be a total remaining that represents the BNT balance coded into the smart contract.

This structure removes the need for the exchange to act as a third-party to transactions. With Bancor and its BNT token, you are able to continually perform exchanges for Ethereum and EOS compatible tokens right through the Bancor wallet.

You can think of the system as an hourglass. It’s a closed system and it doesn’t matter how you turn the hourglass, it always holds the same quantity of sand. In this analogy, the hourglass represents the BNT smart contract, and the grains of sand are the tokens being traded.

And next up from the team will be a development marketplace for dApps that will also make use of the cross-chain compatibility and balanced smart contracts. Also in the pipeline for the future is staking rewards to incentivize liquidity, and a BancorDAO to add self-governance to the blockchain and fully decentralize.

Bancor Staking Rewards

BNT staking rewards are a future enhancement that is planned to incentivize users to provide liquidity for the network. The basis for adding staking is that Bancor needs liquidity to lower fees for traders, while also increasing trading volume and overall network fees. By providing users with an incentive to add liquidity to the network Bancor is expecting to see its network grow and flourish.

Simulated Staking Returns
Simulated Staking APRs. Image via Bancor Blog

While plans for adding staking rewards are in the early stages the basics are that users will receive rewards of BNT for holding their BNT in an existing liquidity pool such as MKR/BNT or ETH/BNT. The amount of new BNT that will be created as staking rewards and the distribution of staking rewards to different pools on the network will be decided by users voting in the BancorDAO.

This type of reward system is expected to pull new users into the ecosystem thanks to the APR generated by fees and staking rewards. Bancor is carefully designing their staking rewards system to avoid concentrating the rewards in a small number of pools, choosing instead to provide an even distribution across dozens of network pools.

Bancor Vortex

Vortex is the solution implemented in February 2021 which allows users to provide liquidity in BNT to borrow funds while continuing to obtain yield from swap fees.

Vortex reworked the existing vBNT mechanism, which gave the token more uitility aside from providing governance. As you’ll see later this turned out to be very good when Bancor moved to gasless voting, otherwise the vBNT token would have lost all utility.

vBNT is received when staking BNT into a liquidity pool making it the pool token for the Bancor network. Vortex adds additional functionality to vBNT such that user are able to sell vBNT for actual BNT tokens. That means once vBNT is converted the resulting BNT can be exchanged for any other token.

The addition of this functionality makes Vortex a no-liquidation lending platform, which is pretty cool since it allows a liquidity provider the ability to receive future rewards immediately. And because the principal will continue accruing swap fees the loan eventually repays itself.

The no-liquidation aspect of Vortex arises because vBNT and BNT are essentially the same token. Thus any change in the price of BNT is closely mirrored by vBNT. And while vBNT is created in a 1:1 ratio when staking, the price relationship between the two is not that simple.

vBNT Burner Contract

Originally Bancor Vortex was envisioned with a token supply management solution that would capture a portion of trade revenue and use it to buy and burn vBNT. That original model was dynamic and complex, however in March 2021 the DAO voted to replace the dynamic model with a flat-fee model.

Under that flat-fee model 5% of the total protocol swap revenue is shifted to the vBNT Burner Smart Contract, and the addition of this will turn vBNT into a scarcer asset. That is long-term deflationary and positive for the Bancor ecosystem.

The flat burn rate will be incrementally adjusted over the course of 18 months, with the final target being 15%. The theory is that as trade volumes increase the burning of vBNT will also accelerate. In the coming years this vBNT burn mechanism is expected to be a critical part of the flexible monetary policy employed by the DAO.

In the vBNT burn mechanism the burning of tokens is not automatic. Tokens are moved to the burned smart contract and users are then offered the chance to  interact with that contract, also paying the necessary gas fees associated with the burn.

Each vBNT token burned represents a BNT token that is locked into the network forever. That increases the scarcity of BNT and supports the growth in total locked value over time.

The Bancor team also envisions new gamified DeFi strategies coming from this model. In addition to direct incentives to activate the burn mechanism, a new type of transparent and equal-opportunity game becomes available for vBNT.

Speculators will have ample capacity to observe each other’s activities on-chain, and may choose to simultaneously create and seize arbitrage opportunities on the vBNT pool at their leisure.

Bancor Team

The Bancor Network was founded in 2016 by Israeli siblings Guy and Galia Benartzi. Both remain active with the project, with Guy on the Foundation Council, while Galia is in charge of business development. She is also a strong proponent of women in blockchain and crypto.

Other board members include Olivier Nathan Cohen, who is also the founder and COO of Altcoinomy, a crypto KYC operator- facilitating cash out in Swiss private banks, AML screening of ICO investors, and institutional crypto/fiat transactions.

Bancor Team
Galia & Guy Benartzi & Yudi Levi. Images via Bancor & Twitter

The CTO of Bancor is Yudi Levi, and he’s held that position since the start of Bancor in 2016. Prior to that, he was co-founder and CTO of AppCoin. He also spent over a decade as a chief architect of several mobile projects, including Real Dice, Mytopia, and Particle Code.

The team also has an impressive list of advisors, including Brock Pierce, the Chairman of the Board at the Bitcoin Foundation, and venture capitalist Tim Draper.

The BNT Token

As was mentioned earlier, Bancor held an ICO on June 12, 2017 that raised $153 million in just three hours. That ICO sold roughly 40 million BNT tokens at an average price of $3.92 each. Currently, there’s a circulating supply of BNT of nearly 70 million tokens.

The BNT token hit its all-time high of $10.00 on January 10, 2018 and its all-time low of $0.117415 on March 13, 2020. As of mid-June 2020 it recovered remarkably from its March all-time low and traded at $1.17 just three months after for an amazing gain of 1,500%! That gain was primarily powered by news of the July 2020 release of Bancor V2.

Bancor’s BNT did not experience quite the same rally as many other altcoins in 2021, although it did see some upside as it reached $9.15 on March 7, 2021. Since then it has cooled significantly and as of May 22, 2021 it is trading at $4.36.

BNT Chart

BNT price movements over time. Image via Coinmarketcap.com

The circulating supply can change however since BNT is created as needed to initiate exchanges. The Bancor protocol will create as much BNT as needed to match the value of currencies held within the smart contract. Once staking rewards are added the circulating supply will necessarily increase more rapidly and regularly.

Trading & Storing BNT

You’ll find that most of the trading volume in the BNT token is at Bancor, naturally. It is also offered at a number of other platforms, including Binance and Coinbase, although trade volumes are pretty low.

Moreover, if we were to take a look at the order books on an individual exchange such as Binance it is clear that there is a lack of liquidity there. You will need to be very careful when placing an order there as if reasonable sized orders are likely to lead to slippage.

Once you have your BNT tokens you are going to want to store them in a secure offline wallet. Given that these are ERC20 tokens it means that you can store it any Ethereum compatible wallet.

If you’re trading or staking then storing BNT in the native Bancor Wallet will make sense.

Bancor V2

Late in April 2020, with the BNT token languishing around the $0.20 level the team announced that they would soon be releasing Bancor V2. The token didn’t immediately respond, but by mid-May it had began a serious rally, and a month later is trading at $1.17. That’s especially amazing given that the token was at its all-time low just a short time before in mid-March 2020.

Bancor Version 2
Bancor V2 Announcement. Image via Bancor Blog

The Bancor Protocol V2 is expected to add several important features that will put Bancor at the front of the pack of decentralized finance projects. The changes are meant to address four key issues commonly cited as obstacles to the widespread adoption of Automated Market Makers (AMMs):

  1. Exposure to “impermanent loss”
  2. Exposure to multiple assets
  3. Capital inefficiency (i.e., high slippage)
  4. Opportunity cost of providing liquidity

It’s interesting to see that the new features were created as opt-in and users are able to create and fund new AMMs with some, all, or none of the new features.

Bancor V2 features:

  • A new automated market maker (AMM) liquidity pool integrated with Chainlink price oracles that mitigates the risk of impermanent loss for both stable and volatile tokens.
  • Provide liquidity with 100% exposure to a single token
  • A more efficient bonding curve that reduces slippage
  • Support for lending protocols

Bancor V2.1

Even before Bancor V2 was fully launched the Bancor team was already discussing the necessary changes for Bancor V2.1. This next level update was designed to take the AMM model to the next level and it differs from Bancor V2 by finally offering solutions to two problems that have plagued AMMs ever since they were created. Those problems are:

  • Involuntary Token Exposure
  • Impermanent Loss

Unlike other AMM protocols, Bancor uses its native BNT protocol token as the counterpart asset in every Bancor pool. Through the use of an elastic BNT supply, the v2.1 protocol co-invests in pools alongside LPs to support single-sided AMM exposure and to cover the cost of impermanent loss with swap fees earned from its co-investments.

Single-Sided Exposure

In the majority of 1st generation AMMs it’s necessary for liquidity providers to contribute equal amounts of each asset represented in the pool.

Obviously this is not only inconvenient, but it can also be a liability when an LP is only interested in providing liquidity for one asset, or possibly even holds just one asset. Bancor v2.1 breaks this by allowing LPs to provide a single token rather than and even or determinate pair.

Using Bancor v2.1 LPs are able to provide single-sided liquidity exposure using either ERC-20 tokens, or the Bancor BNT token.

Impermanent Loss Insurance

It’s well known that AMMs which are subject to arbitrage opportunities also suffer impermanent loss as a side effect. Any time there are two assets paired in a constant product AMM the product of those two assets must remain constant.

That means any price variations in either asset leads to changes in the amount of each asset held. So, assets that rise in value are liquidated, while assets that fall in value are purchased to maintain the constant product.

In some cases swap fees are used to offset impermanent losses, however these losses can easily exceed any swap fees earned by the LPs. In this case the LP experiences a negative return when they eventually withdraw their assets.

Bancor v2.1 was designed to avoid this situation and ensure that every LP gets back the same value deposited plus trading fees. This is accomplished through a unique concept called Impermanent Loss Insurance.

Impermanent Loss Insurance isn’t automatic, however. It accrues by 1% each day over time, and after 100% it achieves 100% protection on funds in the pool.

There is also a 30-day cliff used, which means any LP who withdraws their capital before it’s been in the pool for 30 days will incur the same impermanent loss as if there was no insurance protection. Once 100 days has passed the insurance protection is full and the LP can receive 100% compensation for any loss incurred within the first 100 days or any time thereafter.

When the pool does not contain enough tokens to cover the losses fully with the staked tokens the insurance can be paid out in an equivalent value of BNT tokens.

Limitations

Bancor v2.1 has some very special features, but to allow for the positive features there are also three notable limitations in the platform:‌

  1. Bancor v2.1 will only work with two-asset pools. For pools with more than two assets and custom weights. Developers need to deploy legacy v1 pools.
  2. Bancor v2.1 does not support dynamically adjusting supply tokens (“rebase” tokens) that can control and adjust token balances in users’ wallets.
  3. When withdrawn from the system, BNTs are locked for a pre-set time (default 24 hr) to prevent panic liquidation.

Roadmap

Bancor does not have a formal roadmap, but they do have a focus and continue improving the platform and adding new features. As of May 2021 Bancor has announced three pillars of development that they are working on:

  1. Token Onboarding: Open Bancor’s doors to as many assets as possible by lowering the barrier to whitelisting, and making bootstrapping and incentivizing liquidity easier and cheaper for token projects.
  2. Financial Access & Control: Design powerful financial tools for LPs to earn high yield on their idle assets and manage returns in a stress-free, user-friendly environment.
  3. World-Class Trading Venue: Capture a growing share of total crypto trading volume by offering the best prices on a broad range of assets, a world-class trading experience including advanced charting & analytics, and novel tools for professional and retail traders.

Gasless Voting

Gasless voting via the Snapshot governance platform was added in April 2021. The popularity of the proposal to move to Snapshot was apparent as the Bancor community not only passed the proposal with a 98.4% majority, it was also the largest voter turnout for any DAO decision thus far, with 84 unique address participating.

The implementation of Snapshot makes it far easier for community members to participate in governance, and this has been borne out in the real world, with over two dozen proposals added to Snapshot in the month following the addition of gasless voting.

If there is ever a problem found with Snapshot there is a quick-release mechanism that will revert governance back to the Ethereum blockchain. This will serve to protect the DAO in the case of emergency.

Conclusion

One of the major roadblocks in mass adoption is the lack of liquidity, and difficulty in exchanging various tokens for each other. The Bancor Protocol has done away with this problem through the automation of liquidity.

It’s true that complete beginners will face a small learning curve, but the UI of the wallet is as simple as they come. Anyone new to cryptocurrencies should have no problem learning how to make exchanges using the Bancor wallet.

And the newest update to the online platform is making things even easier for users as the team is now focusing its efforts more on creating a powerful and easy to use platform rather than building liquidity.

Moreover, the Bancor Protocol is making it easier for developers to build a seamless exchange application between a plethora of tokens. There are also a host of updates that have been planned for the next 6 to 12 months. This is part of the ongoing upgrades to the protocol and applications involved in the Bancor ecosystem.

Of course, there are still questions linger around the project including the issues of regulations in the U.S. and beyond. Potential centralisation of control in the three year transition period may deter some who fear the potential for arbitrary frozen accounts.

You also have the really paltry token performance of BNT especially over the past year. While the majority of tokens were soaring 500% or more in early 2021 the gains for BNT were relatively tame. It was one of the few tokens that did not reach a new all-time high in 2021.

Either way, Bancor does have some great technology, use cases and a strong team powering it forward.

Featured Image via Shutterstock