Why are CFDs so risky for new traders in Singapore?

Business Finance

Contracts for Difference (CFDs) are a popular investment tool in Singapore, but they can be very risky for new traders. This article will explore the risks involved in CFD trading and why it’s essential to do your research before investing.

What are CFDs?

They are derivative products that allow investors to trade on the price movements of various assets, such as stocks, indices and currencies. They offer a high degree of liquidity and flexibility and can be used to speculate on markets’ movements or hedge against risk. Why are CFDs risky?

CFDs are a high-risk investment and can be especially risky for inexperienced traders. Here are some of the risks involved in CFD trading:

CFDs are a leveraged product.

It means that traders can control a large contract size with a relatively small amount of money. This leverage can work both ways, though, magnifying profits as well as losses.

Lower margins

The margin required to trade CFDs is usually much lower than traditional investments such as stocks and shares. It makes it easier for traders to enter into trades without committing a lot of capital upfront. However, it also means that losses can be incurred more quickly.

Price

The prices of CFDs are based on underlying assets such as stocks, commodities or currencies. These assets can be very volatile, meaning that the prices of CFDs can rush up and down. It makes it difficult for traders to predict where the prices will go, resulting in losses if they are not careful.

No physical delivery

CFDs are a derivative product, which means no physical delivery of the underlying asset. It can be a disadvantage if the trader wants to take delivery of the asset, for example, if they are trading gold CFDs and want to take delivery of gold bullion.

Counterparty risk

CFDs are traded on margin, which means that the trader only has to put up a small amount of money to open a position. When the market moves against them, they may be required to post additional funds to keep their positions open. If they cannot do this, the broker may close their positions and lose their investment.

Limited order types

CFD brokers usually offer a limited number of order types, making it difficult for traders to execute their trades in the way they want. It can lead to frustration and poor trading decisions.

No protection against losses

Unlike traditional investments, there is no protection against losses when trading CFDs. It means that if the trader loses money, they lose all of it. There is no option to claim back any losses from the broker.

High fees

CFD brokers usually charge high fees for trading CFDs. It can eat into profits and be a disadvantage for traders who are not making a lot of money.

Liquid markets

CFDs are traded on margin, which means that the trader only has to put up a small amount of money to open a position. When the market moves against them, they may be required to post additional funds to keep their positions open. If they cannot do this, the broker may close their positions and lose their investment.

No regulation

CFDs are not regulated in Singapore, meaning there is no guarantee that the broker will honour their trades or that the trader will get their money back if the broker goes bankrupt. It can be a considerable risk for traders unfamiliar with how CFDs work.

No Dividends

CFDs do not entitle the trader to any dividends from the underlying asset. It can be a disadvantage for investors looking for income from their investments.

Gamification

Many CFD brokers offer trading platforms that are designed to look like games. It can make trading feel more like gambling than investing, leading to poor trading decisions.

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Exciting Ways to Impress your Significant Other

Love

Let’s face it, guys; it isn’t easy to always be in the good graces of your significant other. Yes, you can earn your keep, wine, dine, take them to the movies, or pay for groceries and stuff, but they also expect you to do household chores. It can be challenging for some because they’re not accustomed to doing it, but they still do it because they want marital bliss, among other things.

Perhaps one of the main points of contention between husbands and their spouses is getting their space as clean and organized as possible. We all know that “organized” chaos can sometimes be comforting for men because it serves as a storage system that they can understand. However, clutter isn’t high on the list of their significant others, who know that cleanliness reflects a good household. If you’re looking to abide by your spouse’s wishes and turn trash into cash, you can look for reputable metal recycling facilities. They can help you quickly by taking away things you don’t need anymore, and you can turn a tidy profit in the process.

If you’re looking at getting in your spouse’s good graces, here are some exciting ways to show them that you care.

Take out the trash

If you want to keep your spouse happy, take out the garbage during their pickup schedule. It doesn’t take much time to park the bins in your front yard and let the waste collectors collect them. Doing this will prevent rodents and other vermin from coming inside your houses, but it will also put a smile on your spouse’s face when they see the bins emptied.

Take them out to dinner

It would be a great idea to take your spouse out to dinner once in a while. It doesn’t have to be a fancy feast, but you can have them choose the place to dine and indulge them in what they wish to partake of. It’s a great way to show that you appreciate what they’re doing for you and the household. It can also be a few hours’ worth of peace away from the kids, and it’s a time for you to rekindle your relationship.

Cook them breakfast

One good way to surprise your wife or husband is to cook breakfast when they least expect it. It would put a smile on their faces because they’ll know you put enough effort into the preparation. Then, select some food that you know they love and cook them. It’s a surefire way to keep them smiling throughout the day.

Treat them to a “me” day

Sign up your significant other for a well-deserved pampering and relaxation day. Take them to the spa for a good massage and other relaxing activities. You can have their nails and hair done to make them feel beautiful. Remember, your spouses also need such reaffirmation from time to time.

Takeaway

If you want to have a blissful married life, you need to take some steps to ensure that you appreciate your significant other. They may not be grand gestures, but everything counts.

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Earnity’s Domenic Carosa and Dan Schatt on Overcoming the Hurdles of the Mass Adoption of Cryptocurrency

Finance

Before 2021 came to a close, decentralized finance (DeFi) firm Earnity had raised more than $20 million with the intent of developing a marketplace for crypto users to earn, collect, learn about, and gift tokens and portfolios of digital assets. The company hopes to make cryptocurrency available and accessible to a broader audience.

Earnity, led by co-founders Domenic Carosa and Dan Schatt, firmly believes that more people should reap the benefits of cryptocurrency. However, the world is still far from the wide-scale adoption of cryptocurrency that purists, enthusiasts, and early adopters had hoped for.

Earnity’s Domenic Carosa See More Room For Growth for Crypto

It is imperative to keep in mind, though, that the world is still in the early cryptocurrency days. Bitcoin may have been in use starting in 2009, but blockchain as a technology is still relatively young. The market capitalization for the popular cryptocurrency is more than $200 billion. And many others have seen massive valuations over the past years. Still, data suggests that crypto has much more room for growth.

Another roadblock to the mass adoption of cryptocurrency is the lack of education on how it works. Cryptocurrency and blockchain seem like abstract concepts that many people have found difficult to understand. The fear of not fully grasping how cryptocurrency functions have deterred countless users from entering the space.

Ease of use has also hindered the mainstream use of cryptocurrency. After all, not everyone will want to memorize or write down a 64-character seed phrase to access and transact with their funds. Until users can buy, sell, or hold without learning cryptography, the global adoption of cryptocurrency will remain a pipe dream.

Earnity’s Domenic Carosa and Dan Schatt seek to challenge these hurdles by creating a platform that makes transacting and earning crypto and DeFi products and protocols user-friendly yet secure. The company adheres to the notion that DeFi should be about access and not about putting up more barriers.

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Why Crypto is The Future of Finance Using Earnity from Dan Schatt

Finance

Cryptocurrency is a developing ecosystem that is slowly infiltrating the world’s traditional financial systems. According to statistics, the number of crypto users increased by 66 million between 2018 and 2020. Moreover, both private and public sectors are warming to the idea of using cryptocurrencies in their financial transactions, such as making payments, storing value, and investing. Finance legends Domenic Carosa and Dan Schatt have created Earnity to offer people a user-friendly way to transition.

The Dawning of Decentralized Finance

Many people believe that decentralized finance, or DeFi, will soon replace traditional financial processes by providing transparency and better transactional security.

DeFi is rapidly gaining traction in investing, trading, borrowing, and lending, which will spark a revolution in today’s financial services. The increased demand for and accessibility of cryptocurrency exchanges is expanding the global popularity of various DeFi systems. Along with it, cryptocurrency exchanges have grown in popularity among investors. As a result, industry experts expect a cryptocurrency to continue pushing changes to financial systems as you know them today.

Transactional And Banking Advantages

Acceptability and accessibility continue to receive attention as cryptocurrency use grows daily. In addition, the cryptographic technique and technology continue to evolve and advance, resulting in the development of a stronger cryptocurrency financial system.

Privacy

Because various cryptographic techniques power the systems, it allows for anonymity while transacting. These methods ensure data security, preventing sensitive information from falling into the wrong hands. All data sent is hidden from unauthorized individuals.

Security

Transactions made with cryptocurrency cannot be changed or forged, and the system transmits them over highly secure networks. On the other hand, entities can still trace financial records for proof.

Accessibility and Effectiveness

Cryptocurrency provides a viable and concrete solution in a world where a large population still lacks access to formal financial services. Dan Schatt and Domenic Carosa know that traditional banking is restrictive. People worldwide who do not have bank accounts can now take advantage of this financial model using Earnity, which provides instant access from anywhere, lower transaction costs, and quick transaction processing.

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Why You Must Cover Your Drains with a Grate Cover

Freedom Channel

Correctly dealing with a variety of types of water run-off is essential if you operate an industrial or manufacturing facility while you should also be aware that the drains in your property play an important role in taking different types of waste water away from the property. Furthermore, many industrial businesses require drain covers to be installed for a variety of different reasons, especially preventing accidents and injuries from occurring as well as diverting waste, flood or rain water away from a particular property. If you need to discharge considerable amounts of waste water on a regular basis, you should be aware to make sure your drain covers are in working order at all times. However, if you require replacements for drain grate covers then you should be aware that a specialist supplier in Australia can provide you with exactly what you are looking for.

1. Ensure your drains are clean at all times

One of the reasons that you must cover your drains whenever you are releasing wastewater is so that you can ensure the drains do not get blocked or polluted. Indeed, drain grate covers can prevent organic material from getting into the drainage system, which could potentially stop water from draining away from a facility. As a consequence, if you want to make sure your building is as safe as possible, as well as ensure any waste water run-off is taken away from the property, you must think about installing drain grate covers from a specialist supplier as soon as possible.

2. Prevent contamination

Another important reason to cover your drains with a drain grate cover is that you can potentially protect the environment, as well as stop environmental contamination from occurring. If you want to prevent chemicals or hazardous materials from getting into the drainage system, then you must be aware to cover the drains in your property with a specialist type of cover. If you want more information about the various drain grate covers that are available on the market, then you must think about talking to a specialist company in Australia while you should also check your facility for water leaks to avoid drainage issues.

3. Protect drinking water supplies

Lastly, it is essential to be aware that drain grate covers can provide you with a cost-effective and easy to use solution while you can also protect drinking water supplies in a particular area. In addition, if you are experiencing a chemical or rainwater run-off, then you can stop pollution from entering the water supply as a result of covering the drains on your property. This is especially pertinent if you have to carry out a procedure in which you may have to discharge chemicals or rainwater into the environment. Storm drain covers can also help your business to maintain legal compliance with the relevant environmental legislation that is in operation in your local area.

  • Ensure uncontaminated water enters the drains
  • Prevent contamination of the local environment
  • Protect local drinking water supplies

To conclude, if you operate an industrial, manufacturing or commercial facility, then you may need to release contaminated water into the environment while if you want to prevent serious contamination of the water supplies, you must think about purchasing drain grate covers for your facility.

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Is Your Business Attractive to the Outside World?

Business

Having a business that proves attractive to the world is a thing all owners should strive for.

That said how would you rate your company when it comes to attracting business?

If you are doing all that is necessary to field a good business, the hope is everything falls into place for you.

So, what steps should you be taking if not already doing so to field a more attractive business?

Customer Service Can Never Be Overlooked

One of the big mistakes too many owners overlook is providing top-notch service.

With that thought in mind, is there more you can and should be doing when it comes to the level of service you offer?

By showing your customers how much they mean to you, you’ll stand a better chance of keeping the majority of them.

Make sure if you have employees that they too go out of their way to keep customers happy.

Given many consumers have many options when it comes to their shopping; you want to be their choice.

Also look to your use of technology.

Keep in mind that many consumers use a lot of tech in their daily lives. As such, odds are many of these people will expect you to do the same.

While some businesses manage to get by with little tech, most find it nothing short of essential.

So, this means you want to be sure your employees have all the tech they need to get their jobs done.

From being productive in the office to when they are out on the road, supply your team with whatever tech they need.

Speaking of needs, imagine for a moment if your business was not very good at managing money. Could you expect to be in business for very long?

Not only do your customers want a prosperous business to deal with, investors look to this in a company too.

So, you’re not going to attract too much interest in your business from investors or buyers if finances are a mess.

Do your best to not only keep adding revenue, but to think about what your business looks like should you opt to sell.

There can be one or myriad of reasons why you look to sell your business at some point.

That said you want an attractive business to put out in front of potential buyers.

You also want to know how to value a startup, namely yours should you decide to sell.

By knowing the true value of your company before you put it on the market, you’ll be in a much better spot. That is to get what you want for it.

Finally, you want to be sure your company’s reputation and your own for that matter are as good as they can be.

Whether you stay with your current business for years or move on, your reputation must stand out. That is stand out for all the right reasons.

In looking at how others may view your business, will you be happy with what you see?

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Why is Rolex expensive?

Fashion

Rolex has always been viewed as the “most prestigious brand” among luxury watches. The following article will explain why Rolex is so expensive in detail, including its unique design and excellent workmanship.

What is Rolex?

Rolex is a Swiss watch manufacturing company headquartered in Geneva. It is the largest luxury watch manufacturer globally by revenue and the most prestigious one. They are famous for their quality, accuracy, precision, and timeless design.

Rolex has a long history of more than 100 years since 1905. Nearly a century of manufacturing experience makes it a massive advantage over other watch brands, and its core design philosophy never changes.

Below are reasons why Rolex is expensive:

1. Unique design 

Rolex watches have a unique round case and bezel, and this design does not belong to any watch brands. Rolex has a perfect blend of modern and classic elements in its appearance, which provides a long-lasting charm for the wearer.

2. Excellent workmanship 

Rolex uses only the best materials to make its watches, the quality of genuine Rolex materials ensures that Rolex watches are resistant to skidding and corrosion.

3. Excellent movement 

Rolex uses self-developed Swiss movements in its watches, ensuring precise timekeeping and stable performance.

4. Top-level watch material 

All components inside a Rolex watch, including the movement, dial, and case, are made of the finest materials.

5. Strict quality control 

Rolex has the most stringent quality control system of any luxury watch brand, ensuring that every Rolex watch can meet its high standards for precise timekeeping and durability before leaving the factory.

6. Best after-sale service 

Rolex offers the most reliable after-sale service, with its dedicated staff to ensure that you can enjoy your Rolex watch’s excellent performance for many years.

7. Rolex has a long history 

Rolex was founded in 1905. As the first enterprise that started the modern watchmaking industry, Rolex has enjoyed its dominant position since then. With over 100 years of accumulation, Rolex always adheres to its original concept of “the best quality watches” and uses advanced technology to create perfect functional masterpieces.

Advantages of buying the Rolex brand

A. The world’s largest watch factory

Rolex is the largest watch manufacturer in the world, and it has over 2000 employees and more than 70 subsidiaries located in various countries. Every year Rolex produces about 1 million watches.

B. Cheap spare parts 

The large-scale production of brand products ensures that Rolex can provide a wide range of replacement parts for its watches.

C. Strict quality control 

Rolex only produces high-quality watches, so you don’t have to worry about purchasing a fake Rolex watch, which can save you a lot of trouble.

D. Top-level service 

Rolex has the most professional after-sale service team of all luxury watch brands. All Rolex staff are trained to provide the best service, and its repair center has a computerized record of all genuine parts and models, which makes it convenient for you to replace or repair your watch.

In conclusion, Rolex watches offer good value for money because their excellent design guarantees that the watch will not become obsolete in a very short time. Rolex watches are designed to last for many years, if not decades. Therefore, the consumer does not need to make any significant investment in new technology when buying a modern Rolex watch.

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Enjoy Sleep Music Therapy with Earfree Nitebuds

Health & Fitness

If you wake up a bunch in the middle of the night, this is the product for you. The sleep music therapy product, Earfree Nitebuds, is a two-in-one speaker and pillow that plays calming music, improving your quality of sleep.

Research shows that, when listening to calming music, we get increased levels of dopamine – the happy hormone – from our feel-good activities. Earfree Nitebuds took this concept and ran with it, developing this new product that uses music to help you fall asleep easy and continue to listen to music while you sleep.

Many of us who have trouble sleeping at night use earphones to listen to calming sleep music, but sleeping with earphones in is just too uncomfortable. Using earphones while you sleep can cause pain and inflammation in the ear; plus, earphones tend to fall out in the middle of the night. But the adverse effects of earphones on ear health is undoubtedly the most critical of these issues.

Earfree Nitebuds puts music IN the pillow to solve the problems caused by conventional earbuds. All you have to do is lay your head down on the pillow to be serenated with lovely music. There’s no earbuds involved – so you can roll around in bed all you like without having to worry about damage to your ears or earbuds falling out.

Earfree Nitebuds are simple to use. Just place the speakers in the special sleep-aid pillow, then use Bluetooth to pair your smartphone and begin your music therapy. Once your music is playing, Nitebuds’ crater-shaped design enhances the acoustics, making you feel like you’re listening in on a concert hall performance. This design also prevents the sound from leaking out, giving you the same quality of sound at a 30% lower volume, so as not to bother whoever’s sleeping next to you.

The Nitebuds app also provides free ASMR music and ambience, soothing the brain and easing any anxiety. This white noise works has great benefits on mental health and attentiveness, making the sleep music from the Nitebuds app particularly effective at inducing a natural sleep.

Earfree Nitebuds uses 3D mesh material for full, fluffy comfort. The mesh also helps the music play through the pillow without getting muffled, plus high-quality microfiber cotton is also used to give the perfect amount of depth and coziness. The microfiber cotton is also a renewable, biodegradable material, which means Nitebuds is eco-friendly, too.

Even though Nitebuds is electronic, the speaker and pillow are fully separable, meaning the pillow can be washed without issue. If you want, you can even use the pillow by itself without the speakers, or even place other items inside the pillow to help you sleep.

For instance, if you find yourself sweating a lot in those hot summer nights, you can place ice-packs in the pillow to help cool off. Or, when you’re stressed out and in the mood for aromatherapy, the CYPRESS insert can be used for some phytoncide healing.

Also, if you have a preference for a specific pillow height, just use the COTTON insert to adjust the pillow’s height to your preference.

Currently, you can find Earfree Nitebuds – the high-tech pillow that serenades you to sleep – on Indiegogo at an up to 41% discount.

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How To Invest In Cryptocurrency – Kavan Choksi

Money

Cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and control new units. Cryptocurrency is a decentralized currency, meaning that it is not subject to government or financial institution control Kavan Choksi.

What is Cryptocurrency?

Cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and control new units. Cryptocurrency is a decentralized currency, meaning that it is not subject to government or financial institution control.

What is the history of Cryptocurrency?

The first Cryptocurrency, Bitcoin, was created in 2009 by a pseudonymous person or group of people known as Satoshi Nakamoto. Litecoin followed Bitcoin in 2011, Namecoin in 2011, Peercoin in 2012, and Primecoin in 2013. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services. There are a few ways to invest in Cryptocurrency. You can buy cryptocurrencies on decentralized exchanges, you can purchase goods and services with cryptocurrencies, or you can mine cryptocurrencies.

How Does Cryptocurrency Work?

Cryptocurrency transactions are secured by cryptography. Cryptocurrency units are created by a process called mining. Miners are rewarded with cryptocurrency units for verifying and committing transactions to the blockchain.

What are the Advantages of Cryptocurrency?

The advantages of Cryptocurrency include:

– Decentralization: Cryptocurrency is not subject to government or financial institution control.

– Security: Cryptocurrency transactions are secured by cryptography.

– Anonymity: Cryptocurrency units are created by a process called mining. Miners are rewarded with cryptocurrency units for verifying and committing transactions to the blockchain. This process is anonymous, meaning that the names of the miners are not revealed.

– Fractional Reserve Banking: Cryptocurrency does not rely on fractional reserve banking.

– Low Fees: Cryptocurrency transactions are typically much cheaper than traditional currency transactions.

What are the risks of investing in Cryptocurrency?

The risks of investing in Cryptocurrency include:

– Volatility: The value of Cryptocurrency can be extremely volatile.

– Lack of Regulation: Cryptocurrency is not currently regulated by any government or financial institution. This could lead to fraud and scamming.

– Lack of Liquidity: The liquidity of Cryptocurrency is relatively low compared to traditional currency. This could lead to difficulty in exchanging Cryptocurrency for traditional currency.

– Fraud: There have been a number of cases of fraud involving cryptocurrencies.

How to Invest in Cryptocurrency?

There are a few different ways that you can invest in Cryptocurrency:

– Buy Cryptocurrency: You can buy Cryptocurrency directly from exchanges or through a broker.

Use a Cryptocurrency Wallet: A cryptocurrency wallet is a software program that stores your cryptocurrency units’ public and private keys.

– Mine Cryptocurrency: Miners are people who use a computer to generate Cryptocurrency

– Invest in a Cryptocurrency Fund: You can also invest in a cryptocurrency fund, which will pool your money with other investors and invest in various cryptocurrencies.

What are the most popular Cryptocurrencies?

The most popular cryptocurrencies are Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Conclusion

Cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and control new units. Cryptocurrency is a decentralized currency, meaning that it is not subject to government or financial institution control. As a result, it is a new investment opportunity with some risks and can be a highly lucrative investment.

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How To Use An Accessibility Overlay On Your Blog

Tech

One of the best ways to improve web accessibility is to ensure that all images have an alt text or caption. This article looks at image alt text and what you should consider when writing it for your website. It also explains how to implement an accessibility overlay to enable screen reader users to access your images.

What Is An Alt Text?

Alt text, or alternative text, is a non-visible piece of information that tells a user what the image represents. It’s added to an image so screen reader users can get a sense of what each image on your website represents. Just like when you search Google, all the pictures have been given text by the webmaster, which describes them in some way or another – this is known as alt text. For instance, “alt=elephant” means that the elephant picture has been described with this particular alt text. All alt tags should be concise and relevant to give maximum accessibility benefit.

What Should An Alt Tag Include?

A good alt tag will include:

The topic of the image, or what it is about

What the image shows

An accurate description of the image – this should be kept short and concise for screen reader users. Try describing an image in eight words or less.

Alt tags should also be unique to each image so that if there are two images on your page with similar content, each one will have a different alt tag. You can use words like “the” “a,” “above,” “below,” and “side by side” once per page only, instead of overusing them in every alt tag.

A good test is to ask yourself whether you would get confused looking at your alt text (for example, would you mistake one elephant for another?) If the answer is yes, then your alt text probably needs revising.

An example of an alt tag is “Flowers in a vase. A woman holds flowers in front of her.” This text provides all the relevant information needed to understand what the image is about, describes it accurately, and can be used for multiple images with similar content even if the user enters different search terms.

How To Implement An Alternative Text Field

There are three ways you can implement alternative text on your website, depending on how much time you want to spend adding alt tags.

1. Implementing Alt Tags

If you want to improve web accessibility but don’t want to spend time implementing an alternative text field, then you can use the HTML5 figure and fig-caption elements to add alternative text directly into your document. The code for this looks like this:

2. The WordPress Plugin Way

An effortless way to implement alt tags is with a plugin. There are many plugins available for this purpose, such as WP Alt Caption. All you need to do is install and activate the plugin, edit your images in the media library, select an area to use as your alternative text field, and save changes. You can also use Google Docs and other image editing tools like Adobe Photoshop and GIMP to add alt text.

3. The DIY Way – Adding Alt Tags Manually

If you want to save time by not implementing a plugin but still want alt tags, then consider adding them manually in your media library or uploading the images again with alternative text (this is done in Flickr, for example). If you use WordPress, make sure you edit all your media files, including those embedded on other websites such as forums and guestbooks that might be hosted on your domain.

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