📈 How to analyze tokenomics and earn even more?
Tokenomics is the economics of tokens and their application in a project. By understanding tokenomics you can predict where the best entry and exit point will be.
There are 2 types of tokenomics: inflationary and deflationary:
✅ Deflationary - the number of tokens in the supply decreases over time. This usually happens by burning (destroying) a fraction of the tokens. Or by redeeming (buyback) tokens from the market and sending them to a non-existent address.
Example: BNB is a deflationary token with limited supply. A total of 200 million BNBs are issued. Once a quarter, a portion of the tokens are burned. This decreases the BNB issue and the value of one coin becomes higher.
🔼 Pros:
+ Increase in token value. If demand goes up and supply goes down, the price goes up.
+ Motivation to hold the token. Decreasing supply encourages holders to keep holding the token because the price will rise in the long run.
+ Stable economy. No one will print an infinite number of tokens by depreciating them.
🔽 Minuses:
- Reduced turnover. The higher the deflation - the more people tend to accumulate rather than spend. This hurts the economy of the project.
- There is no incentive to develop. Destroyed tokens could be distributed among the most active part of the community and stimulate various activities in the project.
✅ Inflationary - the total number of tokens increases over time. New tokens are issued through mining (BTC), stacking (ETH), farming (OSMO) and other activities.
Example: Dogecoin has an inflationary model. New coins are infinitely printed.
✅ Pros:
+ Incentives for project activity. For example, you can earn OP tokens for project activity on Optimism.
+ Rewards for early users.
+ Liquidity poaching. Projects can offer high % on staking through rewards in their tokens.
🔽 Minuses:
- Willingness to sell the token. High inflation can cause the token to be sold all the time.
- Impairment of the asset. Increased supply leads to a decrease in the value of a single coin.
✅ Conclusion
As you can see both models have their advantages and disadvantages. In the long run, deflationary tokens will have more value. In the short term, during a project's HYIP, inflationary tokens will have more value.
💭Ultimately, the success of the project will depend on a combination of factors: tokenomics, team, marketing and market conditions.
Tokenomics is the economics of tokens and their application in a project. By understanding tokenomics you can predict where the best entry and exit point will be.
There are 2 types of tokenomics: inflationary and deflationary:
✅ Deflationary - the number of tokens in the supply decreases over time. This usually happens by burning (destroying) a fraction of the tokens. Or by redeeming (buyback) tokens from the market and sending them to a non-existent address.
Example: BNB is a deflationary token with limited supply. A total of 200 million BNBs are issued. Once a quarter, a portion of the tokens are burned. This decreases the BNB issue and the value of one coin becomes higher.
🔼 Pros:
+ Increase in token value. If demand goes up and supply goes down, the price goes up.
+ Motivation to hold the token. Decreasing supply encourages holders to keep holding the token because the price will rise in the long run.
+ Stable economy. No one will print an infinite number of tokens by depreciating them.
🔽 Minuses:
- Reduced turnover. The higher the deflation - the more people tend to accumulate rather than spend. This hurts the economy of the project.
- There is no incentive to develop. Destroyed tokens could be distributed among the most active part of the community and stimulate various activities in the project.
✅ Inflationary - the total number of tokens increases over time. New tokens are issued through mining (BTC), stacking (ETH), farming (OSMO) and other activities.
Example: Dogecoin has an inflationary model. New coins are infinitely printed.
✅ Pros:
+ Incentives for project activity. For example, you can earn OP tokens for project activity on Optimism.
+ Rewards for early users.
+ Liquidity poaching. Projects can offer high % on staking through rewards in their tokens.
🔽 Minuses:
- Willingness to sell the token. High inflation can cause the token to be sold all the time.
- Impairment of the asset. Increased supply leads to a decrease in the value of a single coin.
✅ Conclusion
As you can see both models have their advantages and disadvantages. In the long run, deflationary tokens will have more value. In the short term, during a project's HYIP, inflationary tokens will have more value.
💭Ultimately, the success of the project will depend on a combination of factors: tokenomics, team, marketing and market conditions.
What is volatility?
Simply put, volatility is the up-and-down “jumps” of an asset; it is a measure of how much the price of a cryptocurrency changes in a short period of time.
In cryptocurrencies, volatility is particularly high, which means sudden and frequent price changes. This can be both an opportunity for high profits and a risk of loss.
It is important to always take this factor into account; however, you’ve probably already realized that =)
Simply put, volatility is the up-and-down “jumps” of an asset; it is a measure of how much the price of a cryptocurrency changes in a short period of time.
In cryptocurrencies, volatility is particularly high, which means sudden and frequent price changes. This can be both an opportunity for high profits and a risk of loss.
It is important to always take this factor into account; however, you’ve probably already realized that =)
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30 WAYS TO MAKE PROGRESS
1. Wake up early
2. Read daily
3. Eat well
4. Love yourself
5. Judge less
6. Be yourself
7. Set goals
8. Plan your day
9. Positive attitude
10. Have purpose
11. Find inspiration
12. Help others
13. Network
14. Save money
15. Automate
16. Delegate
17. Track finances
18. Build a brand
19. Fail fast
20. Interact
21. Learn skills
22. Invest
23. Journal
24. Meditate
25. Get a mentor
26. Think Big
27. Be productive
28. Do more
29. Spend wisely
30. Be ambitious
1. Wake up early
2. Read daily
3. Eat well
4. Love yourself
5. Judge less
6. Be yourself
7. Set goals
8. Plan your day
9. Positive attitude
10. Have purpose
11. Find inspiration
12. Help others
13. Network
14. Save money
15. Automate
16. Delegate
17. Track finances
18. Build a brand
19. Fail fast
20. Interact
21. Learn skills
22. Invest
23. Journal
24. Meditate
25. Get a mentor
26. Think Big
27. Be productive
28. Do more
29. Spend wisely
30. Be ambitious
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When was Bitcoin created, and who is Satoshi Nakamoto?
Bitcoin was created by a person (or a group of people) under the pseudonym Satoshi Nakamoto. Somehow, we still know very little about the father of Bitcoin.
In 2008, Satoshi released Bitcoin’s white paper, a document that describes and explains the principles and inner workings of a blockchain network and its native cryptocurrency. Finally, in 2009, Satoshi mined the genesis block, Bitcoin’s first-ever block.
Satoshi included a message in the inaugural block that perhaps expressed their feelings toward the global financial climate: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”
For the next two years, Satoshi would be an active participant in forming a crypto community, chatting with developers and exchanging opinions and ideas.
However, in 2011, Satoshi announced he would step away from the project and hasn’t been heard from since.
Bitcoin was created by a person (or a group of people) under the pseudonym Satoshi Nakamoto. Somehow, we still know very little about the father of Bitcoin.
In 2008, Satoshi released Bitcoin’s white paper, a document that describes and explains the principles and inner workings of a blockchain network and its native cryptocurrency. Finally, in 2009, Satoshi mined the genesis block, Bitcoin’s first-ever block.
Satoshi included a message in the inaugural block that perhaps expressed their feelings toward the global financial climate: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”
For the next two years, Satoshi would be an active participant in forming a crypto community, chatting with developers and exchanging opinions and ideas.
However, in 2011, Satoshi announced he would step away from the project and hasn’t been heard from since.
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📈The main signs of a scam-project
⠀
Catch information that will help you distinguish worthwhile projects from those on which you are 100% likely to lose money📊
◾️Project team throws around promises they can't deliver. For example, promises guaranteed earnings that cannot be accurately predicted.
◾️An announcement of a super large-scale project with a small team. It's hardly worth trusting a project if there are a few people on the team and they want to become the new Google or Apple without any product.
◾️Low token price. Some may see this as a great potential for growth, but attention should be paid to capitalization.
◾️It is not clear what the project does. If you've studied the information about the project, but still don't understand it, you shouldn't carry money there.
◾️Project hides information about competitors. A good project should not be afraid of competitors. If they are not mentioned in the documentation, that is a reason to think twice.
⠀
Catch information that will help you distinguish worthwhile projects from those on which you are 100% likely to lose money📊
◾️Project team throws around promises they can't deliver. For example, promises guaranteed earnings that cannot be accurately predicted.
◾️An announcement of a super large-scale project with a small team. It's hardly worth trusting a project if there are a few people on the team and they want to become the new Google or Apple without any product.
◾️Low token price. Some may see this as a great potential for growth, but attention should be paid to capitalization.
◾️It is not clear what the project does. If you've studied the information about the project, but still don't understand it, you shouldn't carry money there.
◾️Project hides information about competitors. A good project should not be afraid of competitors. If they are not mentioned in the documentation, that is a reason to think twice.
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Mastering_Blockchain_Unlocking_the_Power_of_Crypto.pdf
16.6 MB
Mastering Blockchain
Lorne Lantz, 2020
Lorne Lantz, 2020
⛏According to Hashlabs, the distribution of mining power in the world is as follows: 40% is concentrated in the USA, primarily due to significant investments in modern and energy-efficient equipment. Despite the cryptocurrency ban in China, it still accounts for 15% of the global Bitcoin mining hashrate. Europe lags behind in this regard due to expensive electricity costs.
Top countries by hashrate distribution:
1. USA: 40%
2. China: 15%
3. Russia: 12%
4. Canada: 5%
5. Kazakhstan: 3.5%
6. UAE: 3%
7. Malaysia: 3%
8. Norway: 1.5%
9. Ethiopia: 0.3%
#Mining
Top countries by hashrate distribution:
1. USA: 40%
2. China: 15%
3. Russia: 12%
4. Canada: 5%
5. Kazakhstan: 3.5%
6. UAE: 3%
7. Malaysia: 3%
8. Norway: 1.5%
9. Ethiopia: 0.3%
#Mining
Google is rolling out an update to its Search Generative Experience (SGE) that will allow users to build travel itineraries and trip ideas using AI.
The new capability — currently only available in English in the U.S. — draws on ideas from sites across the web, along with reviews, photos and other details that people have submitted to Google for places around the world.
Users will get a sample itinerary that includes attractions and restaurants, as well as an overview of options for flights and hotels. When you’re happy with your itinerary, you can export it to Gmail, Docs or Maps.
The new capability — currently only available in English in the U.S. — draws on ideas from sites across the web, along with reviews, photos and other details that people have submitted to Google for places around the world.
Users will get a sample itinerary that includes attractions and restaurants, as well as an overview of options for flights and hotels. When you’re happy with your itinerary, you can export it to Gmail, Docs or Maps.
🥇Robert Kiyosaki is planning to buy 10 BTC by April because of the impending halving
Intentionally or not, he misspelled the word halving ("The Having"), perhaps hinting at something.
Kiyosaki expects BTC to rise to $100k by September and urged subscribers who can't buy a whole bitcoin to consider buying a portion of it, optionally through an ETF.
He cited the looming crisis in the US, China, Japan and Germany as an argument.
Intentionally or not, he misspelled the word halving ("The Having"), perhaps hinting at something.
Kiyosaki expects BTC to rise to $100k by September and urged subscribers who can't buy a whole bitcoin to consider buying a portion of it, optionally through an ETF.
He cited the looming crisis in the US, China, Japan and Germany as an argument.
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What are public and private keys?
Your blockchain wallet has a “private key” and a “public key.”
You shouldn’t show or reveal the private key to anyone because it gives access to your coins.
The public key, however, can be shown to anyone.
Moreover, your public key is your wallet’s address, where coins are sent to you.
In simple terms:
The private key is the key that gives you access to your coins; the public key is the code used to receive cryptocurrency at your address.What are public and private keys?
Your blockchain wallet has a “private key” and a “public key.”
You shouldn’t show or reveal the private key to anyone because it gives access to your coins.
The public key, however, can be shown to anyone.
Moreover, your public key is your wallet’s address, where coins are sent to you.
In simple terms:
The private key is the key that gives you access to your coins; the public key is the code used to receive cryptocurrency at your address.
Your blockchain wallet has a “private key” and a “public key.”
You shouldn’t show or reveal the private key to anyone because it gives access to your coins.
The public key, however, can be shown to anyone.
Moreover, your public key is your wallet’s address, where coins are sent to you.
In simple terms:
The private key is the key that gives you access to your coins; the public key is the code used to receive cryptocurrency at your address.What are public and private keys?
Your blockchain wallet has a “private key” and a “public key.”
You shouldn’t show or reveal the private key to anyone because it gives access to your coins.
The public key, however, can be shown to anyone.
Moreover, your public key is your wallet’s address, where coins are sent to you.
In simple terms:
The private key is the key that gives you access to your coins; the public key is the code used to receive cryptocurrency at your address.
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What determines the price of cryptocurrencies?
“What determines Bitcoin’s price, and what gives it its value?” is a top three question newcomers ask when learning about crypto.
Depending on who you talk to, answers to this question vary from “Bitcoin is a new digital form of gold of the 21st century” to “Bitcoin is backed by nothing and will crash to zero.”
In reality, the value of cryptocurrencies—much like any other asset, good, or service—depends on the dynamics of supply and demand.
The higher the demand for a certain microwave, the higher its price will be. If few people go to a beauty salon or barber shop, the prices for a haircut will be lower.
We’ve written an article explaining in an easy-to-understand way what determines the price of cryptocurrencies.
“What determines Bitcoin’s price, and what gives it its value?” is a top three question newcomers ask when learning about crypto.
Depending on who you talk to, answers to this question vary from “Bitcoin is a new digital form of gold of the 21st century” to “Bitcoin is backed by nothing and will crash to zero.”
In reality, the value of cryptocurrencies—much like any other asset, good, or service—depends on the dynamics of supply and demand.
The higher the demand for a certain microwave, the higher its price will be. If few people go to a beauty salon or barber shop, the prices for a haircut will be lower.
We’ve written an article explaining in an easy-to-understand way what determines the price of cryptocurrencies.
When was Bitcoin created, and who is Satoshi Nakamoto?
Bitcoin was created by a person (or a group of people) under the pseudonym Satoshi Nakamoto. Somehow, we still know very little about the father of Bitcoin.
In 2008, Satoshi released Bitcoin’s white paper, a document that describes and explains the principles and inner workings of a blockchain network and its native cryptocurrency. Finally, in 2009, Satoshi mined the genesis block, Bitcoin’s first block.
Satoshi included a message in the inaugural block that perhaps expressed their feelings toward the global financial climate: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” For the next two years, Satoshi would be an active participant in forming a crypto community, chatting with developers and exchanging opinions and ideas.
However, in 2011, Satoshi announced he would step away from the project and hasn’t been heard from since.
The entity that is Satoshi Nakamoto could be a programming genius or an entire team of people.
Bitcoin was created by a person (or a group of people) under the pseudonym Satoshi Nakamoto. Somehow, we still know very little about the father of Bitcoin.
In 2008, Satoshi released Bitcoin’s white paper, a document that describes and explains the principles and inner workings of a blockchain network and its native cryptocurrency. Finally, in 2009, Satoshi mined the genesis block, Bitcoin’s first block.
Satoshi included a message in the inaugural block that perhaps expressed their feelings toward the global financial climate: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” For the next two years, Satoshi would be an active participant in forming a crypto community, chatting with developers and exchanging opinions and ideas.
However, in 2011, Satoshi announced he would step away from the project and hasn’t been heard from since.
The entity that is Satoshi Nakamoto could be a programming genius or an entire team of people.
Basics of Cryptocurrency for those who are new to this world
Cryptocurrency is a digital form of currency that uses cryptography for security and operates independently of a central authority, such as a government or financial institution. It is decentralized and typically based on blockchain technology, which is a distributed ledger that records all transactions across a network of computers.
Cryptocurrencies can be used for various purposes, including online transactions, investments, and remittances. Some popular cryptocurrencies include Bitcoin, Ethereum, and Ripple. Each cryptocurrency has its own unique features and uses, but they all share the common characteristics of being digital, secure, and decentralized.
Investing in cryptocurrencies carries risks, as their value can be highly volatile. However, many people see them as a promising alternative to traditional currencies and financial systems due to their potential for transparency, security, and accessibility.
Cryptocurrency is a digital form of currency that uses cryptography for security and operates independently of a central authority, such as a government or financial institution. It is decentralized and typically based on blockchain technology, which is a distributed ledger that records all transactions across a network of computers.
Cryptocurrencies can be used for various purposes, including online transactions, investments, and remittances. Some popular cryptocurrencies include Bitcoin, Ethereum, and Ripple. Each cryptocurrency has its own unique features and uses, but they all share the common characteristics of being digital, secure, and decentralized.
Investing in cryptocurrencies carries risks, as their value can be highly volatile. However, many people see them as a promising alternative to traditional currencies and financial systems due to their potential for transparency, security, and accessibility.
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What is volatility?
In the context of crypto, “volatility” describes the ebbs and flows of cryptocurrency prices. High volatility is a hallmark of the crypto market, whereas traditional stock exchanges are relatively stabler.
The following has a profound impact on volatility:
— Market sentiment
— Liquidity
— Speculation
— Regulation
— News.
However, myriad other unpredictable factors may also impact volatility🙂
Therefore, investors of all levels should take into account influencing factors that could sway the markets to reduce risks.
In the context of crypto, “volatility” describes the ebbs and flows of cryptocurrency prices. High volatility is a hallmark of the crypto market, whereas traditional stock exchanges are relatively stabler.
The following has a profound impact on volatility:
— Market sentiment
— Liquidity
— Speculation
— Regulation
— News.
However, myriad other unpredictable factors may also impact volatility🙂
Therefore, investors of all levels should take into account influencing factors that could sway the markets to reduce risks.
Are crypto transactions anonymous?
Crypto transactions on blockchains are “pseudonymous,” meaning they can be traced to wallet addresses (via public keys) but have no direct connection with people’s identities.
Every transaction is open to the public, and anyone with an internet connection can view them. The date, the amount sent and received, the wallet addresses — all of this data is impossible to conceal.
However, if you use a non-custodial wallet, it will be impossible to identify you as the wallet’s owner (unless you deanonymize yourself).
For example, if you send crypto from a centralized exchange to your non-custodial wallet, the exchange now knows who the non-custodial wallet belongs to since you must pass Know Your Customer requirements by showing your ID.
Therefore, if you practice the basics, you can be completely anonymous on the blockchain, and no one will ever know your personal information.
Crypto transactions on blockchains are “pseudonymous,” meaning they can be traced to wallet addresses (via public keys) but have no direct connection with people’s identities.
Every transaction is open to the public, and anyone with an internet connection can view them. The date, the amount sent and received, the wallet addresses — all of this data is impossible to conceal.
However, if you use a non-custodial wallet, it will be impossible to identify you as the wallet’s owner (unless you deanonymize yourself).
For example, if you send crypto from a centralized exchange to your non-custodial wallet, the exchange now knows who the non-custodial wallet belongs to since you must pass Know Your Customer requirements by showing your ID.
Therefore, if you practice the basics, you can be completely anonymous on the blockchain, and no one will ever know your personal information.
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What are crypto cards?
Crypto cards are an ingenious instrument allowing you to pay for goods with crypto anywhere that accepts credit cards: stores, gyms, transportation, and the internet. They work the same way as a traditional credit card issued by banks, but they’re connected to your crypto wallet instead of your bank.
This way, you can hold your assets on an exchange—e.g., USDT on Binance—while having the ability to pay for goods and services. What’s more, there are no network fees for these transactions.
The downside is, however, that crypto cards are only available in certain countries. If you are located in a country that accepts crypto cards, you can get your hands on one of these popular cards: Coinbase Card, Crypto.com Card, or Binance Card.
Always be wary of scammers and never enter your card information on suspicious sites or platforms.
Crypto cards are an ingenious instrument allowing you to pay for goods with crypto anywhere that accepts credit cards: stores, gyms, transportation, and the internet. They work the same way as a traditional credit card issued by banks, but they’re connected to your crypto wallet instead of your bank.
This way, you can hold your assets on an exchange—e.g., USDT on Binance—while having the ability to pay for goods and services. What’s more, there are no network fees for these transactions.
The downside is, however, that crypto cards are only available in certain countries. If you are located in a country that accepts crypto cards, you can get your hands on one of these popular cards: Coinbase Card, Crypto.com Card, or Binance Card.
Always be wary of scammers and never enter your card information on suspicious sites or platforms.
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POV: Trading while using Apple Vision Pro 😳
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