Zug, Switzerland | ShaktiCoin (SXE) | July 14, 2024
Empowering Everyday Users with Blockchain Technology
When Satoshi Nakamoto envisioned a new financial era for humanity, he imagined a world where financial transactions are democratized, accessible to everyone, and free from unnecessary intermediaries. Drawing inspiration from this vision, the Swiss Shakti Foundation has introduced the Sovereign wallet, a cutting-edge Layer-1 blockchain solution equipped with a native wallet—akin to a Swiss Army knife for future peer-to-peer (P2P) banking. This wallet is not just a tool but a gateway to effortless, instant financial transactions accessible to anyone, anytime, anywhere. With just a tap, users can send payments as easily as sending a text or an email, completing transactions in mere seconds.
ShaktiCoin (SXE), the cornerstone of this initiative, symbolizes everything Satoshi Nakamoto aspired to achieve. Nestled within a Swiss-US ecosystem, SXE is not just about technology; it's a herald of mass adoption. It's not merely aspirational — it's a reality now.
Innovative Mining: A Sustainable Future
Gone are the days of excessive energy consumption for digital mining. The Sovereign SXE wallet introduces a new era where mining is not only efficient but also environmentally friendly, ensuring that the digital world's expansion does not come at the expense of our planet.
Humanity's Innate Potential: Unleashed
This SXE wallet does more than store funds; it rewards the everyday efforts of ordinary people. From young families managing their finances to senior citizens securing their futures, the wallet supports financial activities throughout one's life. Control over personal finance is truly back in the hands of the people, with no intermediaries needed.
Stability and Security: Core Values
Each ShaktiCoin mined is pegged at a steady value of $5.00 USD, offering reliability and security that emanate from the heart of every family. This stable value is not just a number — it's a commitment to each holder's financial well-being.
Legal Compliance and Broad Accessibility
ShaktiCoin mining adheres strictly to every nation's law, much like Bitcoin, ensuring compliance and security for all users. The ecosystem rewards are not limited to personal gains but extend to community involvement — whether parents enrolling their children in school, small business operations, or large enterprises engaging in the global economy.
Education and Empowerment: Foundations of SXE
Influenced by Switzerland's dedication to lifelong learning, the SXE ecosystem is built on principles of education, fairness, and equal opportunity. Compliance with the stringent laws of the United States underscores its commitment to these values, ensuring a fair and just platform for all participants.
Looking Ahead: The Future of Smart Money
With nearly zero transaction costs, ShaktiCoin is breaking barriers, making it possible to transfer funds globally without hefty fees, and tackling one of humanity's most persistent challenges — child poverty. As the Swiss Shakti Foundation continues to unveil more about the Shakti ecosystem, the world watches closely, ready to see how this innovative platform will shape the future of finance, making it smarter, more inclusive, and universally accessible. Stay tuned for more insights into this revolutionary movement!
About ShaktiCoin (SXE)
The SXE project is a community-driven initiative that transcends industries, governments, religions, and political beliefs. To join the ShaktiCoin airdrop program, simply install the ShaktiCoin (SXE) mobile app. For more visit: https://shakticoin.com or https://shakti.swiss.
What Satoshi Envisioned
TOKYO (AP) — Japanese Prime Minister Shigeru Ishiba’s ruling party and its junior partner lost their majority in Sunday’s parliamentary election. The loss, much bigger than expected, is bad news for a leader who's only been in power for a month.
It's largely a reflection of voters' anger at the repeated financial scandals that have hit the Liberal Democratic Party, which has ruled Japan nearly without interruption since 1955.
The big loss throws the nation's politics into turmoil, and will make it difficult for Ishiba to push through the changes he needs to win back voter support.
The Associated Press explains how the election results could weaken Ishiba's hold on power, and what the poor showing means for Japan’s diplomatic, economic and security goals.
The governing Liberal Democratic Party lost its sole majority in the lower house, the more powerful of Japan’s two-chamber parliament.
Even adding the Buddhist-backed Komeito party, which has partnered with the LDP for a quarter century, Sunday's showing failed to meet Ishiba’s goal of retaining a majority in the 465-seat chamber.
The LDP saw a number of veteran lawmakers lose their places in parliament, including current agricultural and justice ministers and other heavyweights who have served in key Cabinet and party posts.
Sunday’s election was also a disaster for Komeito, which was embroiled in scandal; its new leader, veteran Keiichi Ishii, lost his seat.
The main opposition Constitutional Democratic Party of Japan, meanwhile, made huge gains, adding 50 seats, but it doesn’t have enough to take power. To build a big enough coalition to do so, it would have to join forces with the other opposition parties, from communists to conservatives.
For now, Ishiba's election loss does not mean a change of government.
Ishiba said at a news conference Monday that he won't step down and that his task is to work harder to push for political reform, improve the economy and regain people's trust.
“As we face a severe security and economic environment, we cannot let politics stall,” Ishiba said. “I will steadily push forward policies in order to live up to the people’s expectations. That’s how I take my responsibility.”
But the parties he is likely looking to as partners have lots of differences with the LDP, and it will be extremely difficult to form a big enough coalition before the next parliamentary session, which has to happen within 30 days of the election to appoint a prime minister and Cabinet. Ishiba is likely to remain as premier.
Falling short of a majority will make it difficult for Ishiba to get his policies approved by parliament.
The short answer is voter outrage over the financial scandals at a time when many people struggle with rising prices and dwindling salaries.
Ishiba's predecessor, Fumio Kishida, resigned after his anti-corruption measures failed to regain public trust, but Ishiba largely adopted those same measures. He tried to appease voters by withdrawing his endorsement for Sunday’s election from a bunch of tainted candidates — out of dozens linked to the scandal. But the LDP was hit by media reports that the party had distributed 20 million yen (about $131,000) to local branches of those denied endorsement.
Experts also say it was voters' disappointment over Ishiba’s backpedaling on earlier policies. He was also seen as underestimating public anger over the corruption, which gave the impression that he was no different from his predecessors.
“It just comes down to the fact that they didn’t deal with it properly. And now they’re facing the consequences,” said Rintaro Nishimura, a political analyst for The Asia Group.
Ishiba pledged to revitalize the rural economy, address Japan’s falling birth rate and bolster defense, but his Cabinet is filled with familiar faces and has only two women.
In an apparent compromise to the party's influential ultra-conservatives, Ishiba quickly retreated from earlier support for a dual surname option for married couples and for legalizing same-sex marriage despite widespread public support.
Ishiba said Monday he would stick with the Komeito party and is not immediately seeking a partnership with the opposition. He also said he was willing to meet with the parties that gained seats in Sunday's vote and discuss their policies.
In order to gain support and strengthen his leadership, Ishiba could also join forces with the Democratic Party of the People, which wants lower taxes and measures to increase net income, or the conservative Japan Innovation Party.
DPP head Yuichiro Tamaki said he was open to “a partial alliance" rather than joining forces with either the ruling or opposition parties.
Tamaki told reporters Tuesday that in a so-called “hung parliament,” where no single party holds a majority, the LDP can no longer push through policies and will need to listen to the people's voices who voted for the opposition, including his party.
“We have to develop a new political culture between ruling and opposition parties, and we will be tested if we can achieve a new decision-making process,” he said.
Innovation Party chief Nobuyuki Baba has denied any intention to collaborate.
The leader of the largest opposition Constitutional Democratic Party of Japan, centrist Yoshihiko Noda, who served as prime minister during a period when the LDP was out of power between 2009-2012, may also be seeking a coalition with the DPP and Innovation. However, experts say it would be difficult to find common ground on controversial issues like nuclear energy.
Noda also expressed a desire to run against Ishiba when the parliament reappoints the prime minister at the beginning of the upcoming session as a formality after the general election to show his determination for a change of government.
“It really comes down to politics to see who can give up more but not give out too much,” Nishimura said. There are “a lot of questions and uncertainty going forward.”
Ishiba needs to focus on political reform and boosting the economy to address voter dissatisfaction and survive as prime minister. There is a push to provide more subsidies for low-income households and others who need support.
But the attention on these issues could distract from a defense buildup, plans to increase the military budget and Japan’s diplomatic ties with the United States.
The political uncertainty and Ishiba’s weakened grip on power could influence Japan's ties with its top ally, the United States, which stations 50,000 troops in Japan. Former President Donald Trump will certainly push for more burden sharing by Japan if reelected, according to Yu Uchiyama, a University of Tokyo political science professor.
“With all the attention on largely domestic issues, Japan’s international profile may weaken,” Uchiyama said.
Japan's Innovation Party chief Nobuyuki Baba speaks during a press conference at a hotel in Osaka, western Japan Sunday, Oct. 27, 2024. (Kyodo News via AP)
Head of the Democratic Party of the People Yuichiro Tamaki speaks during a press conference at the parliament in Tokyo Tuesday, Oct. 29, 2024. (Kyodo News via AP)
Leader of the largest opposition Constitutional Democratic Party of Japan Yoshihiko Noda speaks to journalists after meeting with the head of Rengo, the Japanese Trade Union Confederation Tomoko Yoshino in Tokyo Monday, Oct. 28, 2024. (Kyodo News via AP)
Yoshihiko Noda, leader of Japan's opposition Constitutional Democratic Party, speaks to the media regarding the lower house election, at the party's headquarters Sunday, Oct. 27, 2024 in Tokyo, (Kyodo News via AP)
Japan's Prime Minister and president of the Liberal Democratic Party (LDP) Shigeru Ishiba speaks to the media regarding the lower house election, at the LDP headquarters Sunday, Oct. 27, 2024, in Tokyo, (Kyodo News via AP)
Japan's Prime Minister and president of the Liberal Democratic Party (LDP) Shigeru Ishiba pause as he speaks to the media regarding the early result of lower house election, at the LDP headquarters Sunday, Oct. 27, 2024, in Tokyo, (Kyodo News via AP)
Japan's Prime Minister and president of the Liberal Democratic Party (LDP) Shigeru Ishiba speaks to the media regarding the early result of lower house election, at the LDP headquarters Sunday, Oct. 27, 2024, in Tokyo, (Kyodo News via AP)
Japan's Prime Minister and president of the Liberal Democratic Party (LDP) Shigeru Ishiba pauses as he speaks to the media regarding the lower house election, at the LDP headquarters Sunday, Oct. 27, 2024, in Tokyo, (Kyodo News via AP)