😨 Is it more profitable to buy cryptocurrency over the long term than to actively trade?
90% of crypto investors are frightened by strong price drop, downtrend, they want to sell everything and never worry again. But are the downtrend and "high risks" really that scary?
❌ If we consider the value of a cryptocurrency within a day, a week or even a quarter, this asset can really seem high risk. But that would only be true for those who are trying to make a profit as quickly as possible without looking at the fundamentals of the assets.
Many people believe that real estate is a good investment because its value is always going up. Have you ever wondered in what currency?
✅ In cryptocurrency, real estate is getting cheaper every year. Here is an infographic that clearly shows the dynamics of real estate value against the dollar and cryptocurrencies.
Earn|Exchange|Borrow
90% of crypto investors are frightened by strong price drop, downtrend, they want to sell everything and never worry again. But are the downtrend and "high risks" really that scary?
❌ If we consider the value of a cryptocurrency within a day, a week or even a quarter, this asset can really seem high risk. But that would only be true for those who are trying to make a profit as quickly as possible without looking at the fundamentals of the assets.
Many people believe that real estate is a good investment because its value is always going up. Have you ever wondered in what currency?
✅ In cryptocurrency, real estate is getting cheaper every year. Here is an infographic that clearly shows the dynamics of real estate value against the dollar and cryptocurrencies.
Earn|Exchange|Borrow
😶 How to protect your funds in difficult economic times?
Today clearly showed how stock markets can collapse in an instant, currencies become unreliable, and the fear of "lose money" leads to panic. Is cryptocurrency really the high-risk one?
❌ Unfortunately, the standard financial system looks extremely outdated, inconvenient and unprofitable for the average person. Such a system has a number of disadvantages, but one of the most important: your money does not belong to you.
Does the money really belong to you?
In the world of digitalization, everyone is used to keeping money in banks and paying for purchases by card, but how often do people think about the security of their assets? All it takes is one decree "from above" and you can't take your money out of the bank because there is not enough cash, you can't sell your shares because the stock exchanges have stopped trading, and you can't exchange currency.
✅ The world of cryptocurrencies and Defi, on the other hand, fully preserves your right to full ownership of your funds, at any time you can:
- Exchange your funds for any cryptocurrencies and tokens.
- Deposit or withdraw a deposit.
- Fully dispose of your funds.
- Don't worry about having your funds blocked.
If you have full control over your funds, you won't have any reason to panic under any circumstances. The only thing that can cause panic is unstable rate of cryptocurrencies, but there is a solution for this kind of issue too. It is enough to exchange a high-risk asset for stablecoin, such as BAKS, the exchange rate of which is always equal to $1.
✅ BaksDAO also follows all the principles described above. At any moment users of the BaksDAO.finance platform can:
- Make a deposit/withdrawal of interest.
- Make an exchange.
- Take out and repay a loan secured by cryptocurrency.
❓Why do the funds you deposited on the BaksDAO.finance platform always belong to you?
BaksDAO does not use your deposited funds (loan, earn), unlike the banks we are used to. Your funds are on a smart contract, they are not involved in trading or other operations. The smart contract interacts only with your wallet from which the funds were deposited and only your wallet can withdraw funds from the smart deposit contract.
This is how DeFi solves the problem of privatization of funds. Use decentralized platforms and be sure that your funds belong to you.
💰 Deposit in BAKS (15% APY)|Deposit in USDT (10% APR)
Today clearly showed how stock markets can collapse in an instant, currencies become unreliable, and the fear of "lose money" leads to panic. Is cryptocurrency really the high-risk one?
❌ Unfortunately, the standard financial system looks extremely outdated, inconvenient and unprofitable for the average person. Such a system has a number of disadvantages, but one of the most important: your money does not belong to you.
Does the money really belong to you?
In the world of digitalization, everyone is used to keeping money in banks and paying for purchases by card, but how often do people think about the security of their assets? All it takes is one decree "from above" and you can't take your money out of the bank because there is not enough cash, you can't sell your shares because the stock exchanges have stopped trading, and you can't exchange currency.
✅ The world of cryptocurrencies and Defi, on the other hand, fully preserves your right to full ownership of your funds, at any time you can:
- Exchange your funds for any cryptocurrencies and tokens.
- Deposit or withdraw a deposit.
- Fully dispose of your funds.
- Don't worry about having your funds blocked.
If you have full control over your funds, you won't have any reason to panic under any circumstances. The only thing that can cause panic is unstable rate of cryptocurrencies, but there is a solution for this kind of issue too. It is enough to exchange a high-risk asset for stablecoin, such as BAKS, the exchange rate of which is always equal to $1.
✅ BaksDAO also follows all the principles described above. At any moment users of the BaksDAO.finance platform can:
- Make a deposit/withdrawal of interest.
- Make an exchange.
- Take out and repay a loan secured by cryptocurrency.
❓Why do the funds you deposited on the BaksDAO.finance platform always belong to you?
BaksDAO does not use your deposited funds (loan, earn), unlike the banks we are used to. Your funds are on a smart contract, they are not involved in trading or other operations. The smart contract interacts only with your wallet from which the funds were deposited and only your wallet can withdraw funds from the smart deposit contract.
This is how DeFi solves the problem of privatization of funds. Use decentralized platforms and be sure that your funds belong to you.
💰 Deposit in BAKS (15% APY)|Deposit in USDT (10% APR)
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☠️ Potentially dangerous stablecoins.☠️
Because of the downtrend in cryptocurrencies and the challenging global environment, people are increasingly thinking about which assets are really safe and which cryptocurrencies are potentially dangerous. Which stablecoins should not be used and why?
There are a total of 2 types of stablecoins by type of management: centralized and decentralized.
1️⃣ Centralized Stablecoins.
Concept: in theory, companies that maintain centralized stablecoins hold a reserve of the underlying asset, issue a corresponding number of blockchain-based tokens, and fully manage the viability of the tokens.
Example: USDT, USDC, BUSD, TUSD.
🚫 Disadvantages:
— In practice, there is no dedicated authority to regulate the number of tokens we issue (unregulated printing press).
— Risk of manipulating their reserves and audits to issue unsecured tokens.
— The risk of your funds being cancelled or blocked by the issuer (the company issuing the tokens).
— You do not actually own your funds.
The obvious disadvantages of centralized stablecoins prompted developers and entrepreneurs to create decentralized stablecoin systems.
2️⃣ Decentralized stablecoins.
Concept: by using algorithms to regulate the price, a stable crypto-asset is created without the involvement of fiat currencies and the need for a connection to the traditional financial system, but at the same time the rate of stablecoin corresponds to the stated rate.
Example: BAKS, DAI, sUSD, USDn.
BAKS is an algorithmic stablecoin. The BaksDAO platform allows issuing BAKS stablecoin only when the user deposits collateral or a deposit on a smart contract. BAKS cannot be "printed" or issued in any other way. At the same time, 1 BAKS is always equal to the value of 1 USD.
✅ Pros of decentralized stablecoins:
— Stable crypto-assets without the involvement of fiat currencies and the need for a link to the traditional financial system.
— Decentralization.
— Not subject to a single issuer and regulators.
In short, your funds cannot be controlled by any authorities, and accordingly, you don't have to worry about blocking, canceling your funds because they are under your control. Use decentralized Stablecoins and be confident about tomorrow!
💵 Purchase or exchange BAKS.
💵 Make a deposit to BAKS with interest (15% APY).
Because of the downtrend in cryptocurrencies and the challenging global environment, people are increasingly thinking about which assets are really safe and which cryptocurrencies are potentially dangerous. Which stablecoins should not be used and why?
There are a total of 2 types of stablecoins by type of management: centralized and decentralized.
1️⃣ Centralized Stablecoins.
Concept: in theory, companies that maintain centralized stablecoins hold a reserve of the underlying asset, issue a corresponding number of blockchain-based tokens, and fully manage the viability of the tokens.
Example: USDT, USDC, BUSD, TUSD.
🚫 Disadvantages:
— In practice, there is no dedicated authority to regulate the number of tokens we issue (unregulated printing press).
— Risk of manipulating their reserves and audits to issue unsecured tokens.
— The risk of your funds being cancelled or blocked by the issuer (the company issuing the tokens).
— You do not actually own your funds.
The obvious disadvantages of centralized stablecoins prompted developers and entrepreneurs to create decentralized stablecoin systems.
2️⃣ Decentralized stablecoins.
Concept: by using algorithms to regulate the price, a stable crypto-asset is created without the involvement of fiat currencies and the need for a connection to the traditional financial system, but at the same time the rate of stablecoin corresponds to the stated rate.
Example: BAKS, DAI, sUSD, USDn.
BAKS is an algorithmic stablecoin. The BaksDAO platform allows issuing BAKS stablecoin only when the user deposits collateral or a deposit on a smart contract. BAKS cannot be "printed" or issued in any other way. At the same time, 1 BAKS is always equal to the value of 1 USD.
✅ Pros of decentralized stablecoins:
— Stable crypto-assets without the involvement of fiat currencies and the need for a link to the traditional financial system.
— Decentralization.
— Not subject to a single issuer and regulators.
In short, your funds cannot be controlled by any authorities, and accordingly, you don't have to worry about blocking, canceling your funds because they are under your control. Use decentralized Stablecoins and be confident about tomorrow!
💵 Purchase or exchange BAKS.
💵 Make a deposit to BAKS with interest (15% APY).
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🥸 What happened this week?
Every day of the BaksDAO project is eventful. Sometimes it's very easy to miss news or an interesting event. Let's recap the week.
🧠 Useful Material:
— How to get passive income from cryptocurrencies without risks?
— Is it more profitable to buy cryptocurrency over the long term than to actively trade?
— How to protect your funds in difficult economic times?
— Potentially dangerous stablecoins.
📎 Miscellaneous:
— Endlessly relevant memes about cryptocurrency.
🟣 BaksDAO Int |Website|Platform|Telegram Blog|Telegram Chat|Twitter|Facebook|Reddit|Instagram|Linkedin|Discord|
Every day of the BaksDAO project is eventful. Sometimes it's very easy to miss news or an interesting event. Let's recap the week.
🧠 Useful Material:
— How to get passive income from cryptocurrencies without risks?
— Is it more profitable to buy cryptocurrency over the long term than to actively trade?
— How to protect your funds in difficult economic times?
— Potentially dangerous stablecoins.
📎 Miscellaneous:
— Endlessly relevant memes about cryptocurrency.
🟣 BaksDAO Int |Website|Platform|Telegram Blog|Telegram Chat|Twitter|Facebook|Reddit|Instagram|Linkedin|Discord|
🤩 $187 million for a meta-universe project.
South Korea's Ministry of Science, ICT and Future Planning has allocated 223.7 billion won (~$187 million) to create a meta-universe ecosystem.
👾 The ministry plans to use the meta-universe to develop businesses, education and media in the virtual space.
The project's mission: to promote corporate growth in the country and support the development of digital content.
"It is important to create a world-class ecosystem of the metaworld as a starting point for the intensive development of the hyper-connected industry," Park Yongyu, head of the ministry's communications and policy department.
The ministry expects the virtual world to provide global access to South Korean companies.
✅ BaksDAO also plans to integrate and partner with Metaverse in Q3 2022. Read more in the roadmap.
South Korea's Ministry of Science, ICT and Future Planning has allocated 223.7 billion won (~$187 million) to create a meta-universe ecosystem.
👾 The ministry plans to use the meta-universe to develop businesses, education and media in the virtual space.
The project's mission: to promote corporate growth in the country and support the development of digital content.
"It is important to create a world-class ecosystem of the metaworld as a starting point for the intensive development of the hyper-connected industry," Park Yongyu, head of the ministry's communications and policy department.
The ministry expects the virtual world to provide global access to South Korean companies.
✅ BaksDAO also plans to integrate and partner with Metaverse in Q3 2022. Read more in the roadmap.
🎉 Dear users, time to sum up the results of the February review competition.
🥇 1st place - 1500 BDV, @realyy_airdrop_admin
🥈 2nd place - 1200 BDV, @Azeeeditz
🥉 3rd place - 1000 BDV, @ekoawan
🏆 4th place - 500 BDV, @hailong31
🏆 5th-7th place - no winners.
You will receive your awards within 5 business days.
Unfortunately, we can't post links to the reviews because they don't match the expected reviews. Due to the fact that the requirements may not have been clear, we still decided not to take away the awards for the best reviews, but we did change the contest requirements.
👇 Check out the updated contest details below.
🥇 1st place - 1500 BDV, @realyy_airdrop_admin
🥈 2nd place - 1200 BDV, @Azeeeditz
🥉 3rd place - 1000 BDV, @ekoawan
🏆 4th place - 500 BDV, @hailong31
🏆 5th-7th place - no winners.
You will receive your awards within 5 business days.
Unfortunately, we can't post links to the reviews because they don't match the expected reviews. Due to the fact that the requirements may not have been clear, we still decided not to take away the awards for the best reviews, but we did change the contest requirements.
👇 Check out the updated contest details below.
🔊 Dear community members, we're announcing a competition for the best review!
Are you creative, can write interestingly or talk about anything? Then this news is for you!
Competition dates: March 1 to March 31.
⚠️ Conditions:
- Research the requirements.
- Create and post a review of the project and platform on any of the social networks: Medium, YouTube, Facebook, Instagram, Telegram, Reddit, BitcoinTalk or other site (your blog, review site, etc.)
- Fill out the form.
- Look for yourself in the list of winners on March 31st in the community and at baksdao.com.
💰 Prizes:
Total prize pool of 86,400 BDV. At the end of the month, the BaksDAO team will determine the top 10 reviews.
The winners will receive prizes:
🥇1st place - 1500 BDV (video review only);
🥈2nd place - 1200 BDV (video review only);
🥉3 place - 1000 BDV (video review only);
🏆4th-7th place - 500 BDV (text review);
🏆extra BDV prizes for reposts.
Are you creative, can write interestingly or talk about anything? Then this news is for you!
Competition dates: March 1 to March 31.
⚠️ Conditions:
- Research the requirements.
- Create and post a review of the project and platform on any of the social networks: Medium, YouTube, Facebook, Instagram, Telegram, Reddit, BitcoinTalk or other site (your blog, review site, etc.)
- Fill out the form.
- Look for yourself in the list of winners on March 31st in the community and at baksdao.com.
💰 Prizes:
Total prize pool of 86,400 BDV. At the end of the month, the BaksDAO team will determine the top 10 reviews.
The winners will receive prizes:
🥇1st place - 1500 BDV (video review only);
🥈2nd place - 1200 BDV (video review only);
🥉3 place - 1000 BDV (video review only);
🏆4th-7th place - 500 BDV (text review);
🏆extra BDV prizes for reposts.
👍1
🔥 Retroactive Rewards for Baksdao.finance platform users!
All Baksdao.finance platform users who made a loan or deposit between March 1 and March 15 are on the list of potential winners.
Running period: March 1 - March 15.
❗️ Retroactive Rewards conditions:
- Take out a loan or deposit on the platform of at least $50 (equivalent) between March 1 and March 7.
- Retain the deposit until and including March 15.
- Keep the loan until and including March 15.
You can make any number of deposits and borrow at the same time. This will increase your chances of winning!
Retroactive Rewards results.
1. After the deadline, a random aggregator will select 20 wallets of users who have fulfilled the necessary conditions of the contest.
2. Winning users will be rewarded in BDV tokens.
💳 Make a loan
💰Deposit
All Baksdao.finance platform users who made a loan or deposit between March 1 and March 15 are on the list of potential winners.
Running period: March 1 - March 15.
❗️ Retroactive Rewards conditions:
- Take out a loan or deposit on the platform of at least $50 (equivalent) between March 1 and March 7.
- Retain the deposit until and including March 15.
- Keep the loan until and including March 15.
You can make any number of deposits and borrow at the same time. This will increase your chances of winning!
Retroactive Rewards results.
1. After the deadline, a random aggregator will select 20 wallets of users who have fulfilled the necessary conditions of the contest.
2. Winning users will be rewarded in BDV tokens.
💳 Make a loan
💰Deposit
👍1
☝️ The number of bitcoin whale has increased.
1️⃣ The number of bitcoin addresses with balances over 1,000 BTC (~$43.63 million) increased by more than 6%, reaching 2,226. The figure has not reached such a level since March 2021, Glassnode data shows.
2️⃣ The number of bitcoin addresses with balance more than 100 BTC also increased on February 28, though not so noticeably. During the day the index increased by 1.3% to 15,929.
🤑 Over the lasts 7 days Bitcoin at its peak reached a maximum growth of 32%, worth $45,300.
🔥 Meanwhile, Bank of America says it doesn't see a crypto-winter, given the increase in user and developer activity.
💰 BTCB Interest Deposit
1️⃣ The number of bitcoin addresses with balances over 1,000 BTC (~$43.63 million) increased by more than 6%, reaching 2,226. The figure has not reached such a level since March 2021, Glassnode data shows.
2️⃣ The number of bitcoin addresses with balance more than 100 BTC also increased on February 28, though not so noticeably. During the day the index increased by 1.3% to 15,929.
🤑 Over the lasts 7 days Bitcoin at its peak reached a maximum growth of 32%, worth $45,300.
🔥 Meanwhile, Bank of America says it doesn't see a crypto-winter, given the increase in user and developer activity.
💰 BTCB Interest Deposit
👍2
😌 Crypto loans are simple and convenient.
The process of taking a loan, a loan is extremely complicated in the regular financial system. A huge number of documents are required:
- personal information;
- proof of income;
- references about real estate;
- information about past loans.
And this is not the end of the list. However, no one guarantees that the bank will approve the loan.
Sometimes there are situations when there is no time for paperwork, waiting for approval, and collecting documents. A loan is needed here and now.
There are fast loans, it's a fact, but they have huge disadvantages:
- Very high interest rates;
- very high interest rate; a document requirement;
- real estate to be pledged as collateral;
- Short repayment period.
What to do if you require a short term loan without high interest?
Take out a loan secured by cryptocurrency.
✅ The BaksDAO platform provides loans secured by cryptocurrency:
- The loan is issued in Stablecoin.
- Full decentralization - no data requests.
- Perpetual loans and no minimum monthly payment - repay the loan in comfortable payments.
- Interest rate on the loan is no more than 11% per annum.
- Complete lack of bureaucracy.
✅ BaksDAO is fully compliant with all DeFi standards - deposited collateral is not used by the project in any way and does not go into possession:
- Funds are on a smart contract:
- Funds are not involved in trading or other transactions.
- The smart contract interacts only with your wallet.
- Only your wallet can withdraw funds from the smart deposit contract (refund the deposit).
🖥 Video instructions:
How to get a loan❓
What is LTV and how does it work❓
How to repay the loan or increase the collateral❓
💰Take a loan
The process of taking a loan, a loan is extremely complicated in the regular financial system. A huge number of documents are required:
- personal information;
- proof of income;
- references about real estate;
- information about past loans.
And this is not the end of the list. However, no one guarantees that the bank will approve the loan.
Sometimes there are situations when there is no time for paperwork, waiting for approval, and collecting documents. A loan is needed here and now.
There are fast loans, it's a fact, but they have huge disadvantages:
- Very high interest rates;
- very high interest rate; a document requirement;
- real estate to be pledged as collateral;
- Short repayment period.
What to do if you require a short term loan without high interest?
Take out a loan secured by cryptocurrency.
✅ The BaksDAO platform provides loans secured by cryptocurrency:
- The loan is issued in Stablecoin.
- Full decentralization - no data requests.
- Perpetual loans and no minimum monthly payment - repay the loan in comfortable payments.
- Interest rate on the loan is no more than 11% per annum.
- Complete lack of bureaucracy.
✅ BaksDAO is fully compliant with all DeFi standards - deposited collateral is not used by the project in any way and does not go into possession:
- Funds are on a smart contract:
- Funds are not involved in trading or other transactions.
- The smart contract interacts only with your wallet.
- Only your wallet can withdraw funds from the smart deposit contract (refund the deposit).
🖥 Video instructions:
How to get a loan❓
What is LTV and how does it work❓
How to repay the loan or increase the collateral❓
💰Take a loan
🔥2
😍 AMA session with Eduard Kim, co-founder of the BaksDAO project.
It was incredible and highly entertaining!
💥 The AMA session covers the following topics:
- The project development plan, important milestones to expect.
- Measures taken to minimize the loss of the BaksDAO community.
- Will there be stacking pools for token holders?
- Strategies for project development during a bear market.
- What makes the project promising?
- Privileges for the first participants of the project, deposits for management companies.
- Features of the platform that are available now and that are planned.
- Information about the project team.
The full content of the AMA session can be read 👉 HERE
🎉 TOP-3 most interesting questions:
🥇1st place @Em_OG will receive 500 BDV
🥈2nd place @PetroGurskyi will receive 350 BDV
🥉3rd place @AssssAss1 will receive 200 BDV
Thank you to the BaksBAO community for participating!
It was incredible and highly entertaining!
💥 The AMA session covers the following topics:
- The project development plan, important milestones to expect.
- Measures taken to minimize the loss of the BaksDAO community.
- Will there be stacking pools for token holders?
- Strategies for project development during a bear market.
- What makes the project promising?
- Privileges for the first participants of the project, deposits for management companies.
- Features of the platform that are available now and that are planned.
- Information about the project team.
The full content of the AMA session can be read 👉 HERE
🎉 TOP-3 most interesting questions:
🥇1st place @Em_OG will receive 500 BDV
🥈2nd place @PetroGurskyi will receive 350 BDV
🥉3rd place @AssssAss1 will receive 200 BDV
Thank you to the BaksBAO community for participating!
🔥5👍3
🥸 What is a wrapped token, and why is it needed?
A wrapped token is a token tied to the price of a cryptocurrency at a 1:1 ratio.
☝️ A wrapped token is called because it is encapsulated in a shell that allows you to create a wrapped version of the original cryptocurrency based on another blockchain. An example of a wrapped token is BTCB. BTCB is a wrapped version of bitcoin in the BNB Chain (BEP-20) blockchain.
✅ A wrapped token enables interaction between different blockchains, such as Bitcoin, Ethereum, Polkadot, BNB Chain, etc. With Binance Bridge you can convert BTC to BTCB for use on the BNB Chain in the form of BEP-20 tokens.
⚠️ On the BaksDAO platform, you can make a deposit into BTCB and earn passive income.
🧠 Learn more:
What is a wrapped token in the crypto industry?
How to earn passive income with BTCB?
How to exchange BTC to BTCB?
How to make a deposit?
💰 Exchange BTC to BTCB|Deposit BTCB
A wrapped token is a token tied to the price of a cryptocurrency at a 1:1 ratio.
☝️ A wrapped token is called because it is encapsulated in a shell that allows you to create a wrapped version of the original cryptocurrency based on another blockchain. An example of a wrapped token is BTCB. BTCB is a wrapped version of bitcoin in the BNB Chain (BEP-20) blockchain.
✅ A wrapped token enables interaction between different blockchains, such as Bitcoin, Ethereum, Polkadot, BNB Chain, etc. With Binance Bridge you can convert BTC to BTCB for use on the BNB Chain in the form of BEP-20 tokens.
⚠️ On the BaksDAO platform, you can make a deposit into BTCB and earn passive income.
🧠 Learn more:
What is a wrapped token in the crypto industry?
How to earn passive income with BTCB?
How to exchange BTC to BTCB?
How to make a deposit?
💰 Exchange BTC to BTCB|Deposit BTCB
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