BaksDAO Blog – Telegram
BaksDAO Blog
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DeFi-platform: deposits, loaning and exchanging cryptocurrencies.

This is the official BaksDAO community.

Telegram Chat: https://news.1rj.ru/str/BaksDAO_INT_COMMUNITY

Official website: baksdao.com

For commercial proposals: @baksdao_qa
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⚠️ Phishing attacks on CoinGecko and Etherscan.

CoinGecko and Etherscan reported a phishing attack on their users. It involves hackers attempting to gain access to victims' funds by requesting the connection of their MetaMask wallets.

Users are asked to connect their wallets to a website called nftapeswin.

🚨 CoinGecko and Etherscan stressed that this should not be done under any circumstances.

Update: It was later revealed that the phishing attack was carried out using a malicious noscript from the Coinzilla ad network.

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☀️ Weekly Digest.

Every day of the BaksDAO project is eventful. Sometimes it's easy to miss news or an interesting event. Let's recap the week.

⚡️ Events:
Get up to 15% APR in stablecoin.
Instagram has revealed details of its testing of NFT support.
The FSB has deemed it necessary to introduce comprehensive rules for the bitcoin market.
Emirates Airlines has announced support for bitcoin.
Phishing attacks on CoinGecko and Etherscan.

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💰 Ways to make money from cryptocurrency.

🟣 Mining is the process of obtaining cryptocurrency by solving cryptographic equations using powerful computers.

Miners are involved in creating new structures - blockchains - to enable cryptocurrency platforms. A miner is rewarded for creating a new structure in the form of new cryptocurrency units and/or commissions.

🟣 Staking is a type of passive income from cryptocurrency. Users hold tokens and keep the blockchain running. For this, they receive a reward.

Staking does not require a lot of technical capacity and is therefore an environmentally friendly way to earn money from cryptocurrencies.

🟣 Deposit is another way of passive cryptocurrency earning that DeFi platforms offer. The user makes a deposit on the platform of their choice and while the money is there, they make a profit.

The main difference between deposit and staking is that the user provides liquidity to the decentralised trading platforms.

😎 You don't need special hardware or software to make deposits — BaksDAO.Finance takes care of all the maintenance.

Make deposit.

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SolidProof.io's auditor recommended BaksDAO for long-term investment.

BaksDAO is a DeFi platform developed on Web3 solutions and provides unlimited time and location access to financial services.

BaksDAO.Finance is the first product of BaksDAO, an intuitive DeFi platform for financial asset management without bureaucracy and restrictions.

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📈 Deposits at high rates.

BaksDAO do not change stablecoin deposit rates regardless of market conditions.

BAKS 15% APY.
USDT 10% APR.

Make deposit.

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📊 Swiss asset manager Julius Baer eyes crypto and DeFi potential.

The 132-year-old Swiss asset management firm, Julius Baer, intends to offer exposure to cryptocurrencies and decentralized finance (DeFi) for its high net-worth clients.

They will transform the financial sector over the next ten years and it is important for us to gain a strong foothold in this area. That’s why it's exactly the right moment to invest in the long-term potential of digital asset technology.

🔥 Despite the downtrend, large funds have not stopped introducing cryptocurrency into circulation. Decentralised finance is the future.

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🔥 Balenciaga boutiques in the US will start accepting bitcoin and Ethereum.

Kering-owned premium brand Balenciaga has announced the ability to pay in cryptocurrencies at its flagship shops in the US and on its online platform, WWD reports.

Initially, the fashion house will start accepting bitcoin and Ethereum. There are plans to expand the list of supported currencies and regions in the future.

🤔 Despite the volatility, well-known brands continue to integrate cryptocurrency. Is this a new phase of cryptocurrency globalisation?

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🙄 BaksDAO.finance is a decentralised platform.

BaksDAO platform cannot use user funds at its own discretion.

🔒 Your funds are safe and secure.
Any funds you contribute to the platform remain in the smart contract. The smart contract only accepts the transfer command from the wallet from which the transaction was made. No one but you can use the deposited funds. This is an unchangeable feature that ensures 100% safety of funds and control over the withdrawal of crypto-assets. And thanks to Etherscan and BscScan services, you can always verify that the funds are on your smart contract.

🟣 Loan | Deposit |Swap
😎 Thailand exempts cryptocurrency transfers from VAT until the end of 2023

The Thai government has exempted transfers of digital assets involving licensed cryptocurrency exchanges from value-added tax. The rule will be effective until the end of 2023, the Bangkok Post writes.

The new ruling is in addition to the decision taken in March not to charge VAT on cryptotransactions. This relaxation also expires at the end of next year.

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⚠️ Dear users! ⚠️

This is not an easy time of downtrend and we hope for your support and understanding. We will definitely survive this fall in the markets and make it to the top DeFi projects, but without your support right now we will not be able to do that.

⚙️ Due to the difficult market conditions, we have taken temporary measures to plan the development of the project:
- to temporarily halt marketing activities;
- reduce the pace of project development for a few months;
- to postpone the public sales round and the listing of the BDV token to the autumn;
- reduce the supported trading volume in the BAKS/USDT pair.

Only the team's funds are in the stacking pools at the moment. No freezing of funds on the platform has been and will never be done.

🔥 Product development will continue without interruption!

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