Educational Post
What is crypto faucets?
The earliest crypto faucet may be a bitcoin faucet created in 2010 by the then-lead developer of the Bitcoin network named Gavin Andresen. It gave 5 BTC for free to each user who completed a simple captcha. This bitcoin faucet eventually gave out 19,715 BTC in total, helping to distribute early BTC ownership widely. It was instrumental in educating the initial network of bitcoin users, leading to the cryptocurrency’s healthy growth later on.
Naturally, no crypto faucets would deliver such massive payouts today as bitcoin and other cryptocurrencies’ prices have increased significantly. But emerging crypto projects still need to attract new users, and there are many people out there who want to learn about crypto. Crypto faucets play a role in connecting the supply and demand.
How do crypto faucets work?
Crypto faucets are generally made to be simple and user-friendly. Users usually need to register an account with the digital asset service first. There are also dedicated crypto faucet sites and apps that specialize in offering free crypto to users who complete simple tasks. In both cases, users should have their crypto wallets to receive the rewards and may sometimes be asked to verify their identity.
Users are offered to complete tasks that can include watching videos, reading articles, watching ads, playing games, and taking quizzes or surveys. The service can also ask users to refer friends to it. These tasks are relatively straightforward, and most people would have no problem completing them. But, in some cases, the tasks can be rather time-consuming.
What is crypto faucets?
The earliest crypto faucet may be a bitcoin faucet created in 2010 by the then-lead developer of the Bitcoin network named Gavin Andresen. It gave 5 BTC for free to each user who completed a simple captcha. This bitcoin faucet eventually gave out 19,715 BTC in total, helping to distribute early BTC ownership widely. It was instrumental in educating the initial network of bitcoin users, leading to the cryptocurrency’s healthy growth later on.
Naturally, no crypto faucets would deliver such massive payouts today as bitcoin and other cryptocurrencies’ prices have increased significantly. But emerging crypto projects still need to attract new users, and there are many people out there who want to learn about crypto. Crypto faucets play a role in connecting the supply and demand.
How do crypto faucets work?
Crypto faucets are generally made to be simple and user-friendly. Users usually need to register an account with the digital asset service first. There are also dedicated crypto faucet sites and apps that specialize in offering free crypto to users who complete simple tasks. In both cases, users should have their crypto wallets to receive the rewards and may sometimes be asked to verify their identity.
Users are offered to complete tasks that can include watching videos, reading articles, watching ads, playing games, and taking quizzes or surveys. The service can also ask users to refer friends to it. These tasks are relatively straightforward, and most people would have no problem completing them. But, in some cases, the tasks can be rather time-consuming.
Crypto Chart Alerts
#BTC.D rejected from the major resistance level of 48.01% - 48.93%, which makes slightly relief in #altcoins. Right now, still this is not much to cover the pain, as #Bitcoin is still volatile at the moment, so price me moves either side aggresively. Wait…
#BTC.D now reached a build-up support zone or breaker level, where it can again take a bounce. Alts will strongly crash it this build-up support hodls around 44.50%. Use tight stops in all running trade as expecting some aggresive moves in the market.
TKO/BTC
Tokocrypto was launched in September 2018 and became the first entity registered under Indonesia's Commodities Futures Trading Regulatory Agency (BAPPEBTI) by November of that year.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 1469-1750-2125-2575 satoshi
Tokocrypto was launched in September 2018 and became the first entity registered under Indonesia's Commodities Futures Trading Regulatory Agency (BAPPEBTI) by November of that year.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 1469-1750-2125-2575 satoshi
Crypto Chart Alerts
Bitcoin rejected from the $23,000 level and now again testing the major support level of $20,000. There is also a falling wedge pattern that is near breakout. We will see a range trading between $20,000-$23,000 for this weekend. Use tight stop loss in all…
BTC breaks the falling wedge pattern but there is no sign of strength yet. The weekend is here and we might see some spikes on both sides due to low volume. Let's see how global markets open on Monday. Trade with tight stop loss.
Educational Post:
What Are Decentralized Applications (DApps)?
Decentralized applications (DApps) are smart contract-powered digital applications or programs that run on blockchains rather than centralized servers. They look and feel similar to regular mobile apps on your smartphone and offer a wide variety of services and functions from gaming to finance, social media, and much more. As the name suggests, DApps run on decentralized peer-to-peer networks.
A smart contract works as a set of predefined rules enforced by computer code. When and if certain conditions are met, all network nodes will execute the tasks that the contract specifies.
Once a smart contract is deployed on the blockchain, it is hard to change the code or destroy it. Therefore, even if the team behind the DApp has disbanded, users can still access the DApp.
While the interfaces of DApps and traditional applications can look similar, DApps offer multiple benefits compared to their centralized counterparts. Web apps store data on centralized servers. A single compromised server may take down the entire network of the app, making it temporarily or permanently unusable. Centralized systems may also suffer from data leakages or theft, putting the companies and individual users at risk.
DApps, in contrast, are built on distributed networks with no central authority. With no single point of failure, DApps are less vulnerable to attacks, making it very difficult for malicious actors to hijack the network. The P2P network can also ensure the DApp continues to work with minimal downtime, even if individual computers or parts of the network malfunction.
The decentralized nature of DApps also means that users can have more control over the information they share. With no companies controlling users’ personal data, they don’t need to provide real-world identity to interact with a DApp. Instead, they can use a crypto wallet to connect to DApps and fully control what information they share.
What Are Decentralized Applications (DApps)?
Decentralized applications (DApps) are smart contract-powered digital applications or programs that run on blockchains rather than centralized servers. They look and feel similar to regular mobile apps on your smartphone and offer a wide variety of services and functions from gaming to finance, social media, and much more. As the name suggests, DApps run on decentralized peer-to-peer networks.
A smart contract works as a set of predefined rules enforced by computer code. When and if certain conditions are met, all network nodes will execute the tasks that the contract specifies.
Once a smart contract is deployed on the blockchain, it is hard to change the code or destroy it. Therefore, even if the team behind the DApp has disbanded, users can still access the DApp.
While the interfaces of DApps and traditional applications can look similar, DApps offer multiple benefits compared to their centralized counterparts. Web apps store data on centralized servers. A single compromised server may take down the entire network of the app, making it temporarily or permanently unusable. Centralized systems may also suffer from data leakages or theft, putting the companies and individual users at risk.
DApps, in contrast, are built on distributed networks with no central authority. With no single point of failure, DApps are less vulnerable to attacks, making it very difficult for malicious actors to hijack the network. The P2P network can also ensure the DApp continues to work with minimal downtime, even if individual computers or parts of the network malfunction.
The decentralized nature of DApps also means that users can have more control over the information they share. With no companies controlling users’ personal data, they don’t need to provide real-world identity to interact with a DApp. Instead, they can use a crypto wallet to connect to DApps and fully control what information they share.
Crypto Chart Alerts
ETH analysis: ETH broke the key level of $1350-$1450 and dumped hard. This is the high of the previous bull run and the key level to flip. ETH is bearish below this level. The next major support is $900-$950 on the weekly chart. If ETH is able to flip the…
ETH broke the $1000 area and we see a test of major support of $900-$950 on the weekly chart. This is the last support level and a break below this level will lead to panic sell-off and liquidations. You can build your position with tight stop loss.
Crypto Chart Alerts
The TOTAL2 (altcoin marketcap) has reached the support of a $430-$465 billion area. Altcoins are trying to hold this level and bounce from here. We will see some sideways movement or accumulation near this support level. The resistance is $600-$650 billion…
The TOTAL2 is now testing the support zone and this is must hold point. Altcoins are trying to hold their prices in this crash. If this zone is broken then we see a heavy sell-off in all altcoins. Keep tight stop loss in all open positions. Sideways movement is expected in the coming days.
A descending triangle on the hourly chart broke in a downward direction. The target of this triangle breakdown is the $16,700-$17,000 area. There is no strength in the market yet and big liquidations are going on. BTC needs to go above $20,000 to bring some positive momentum. Wait for Monday for the global market opening.
#Bitcoin’s price sits at the lower bound of its production cost for the first time since the March 2020 #liquidity crisis as well.
Moreover, We can see that whenever price hits the lower bound or upper bound of the #Bitcoin Production Cost Ribbon, we see a mid-term reveral in the market. Simply, this inidcates a relief rally coming soon ✌️🏻.
Moreover, We can see that whenever price hits the lower bound or upper bound of the #Bitcoin Production Cost Ribbon, we see a mid-term reveral in the market. Simply, this inidcates a relief rally coming soon ✌️🏻.
Crypto Chart Alerts
DOT broke the triangle and dumped from there. The resistance is $8.60-$8.80 area and a break above this will send us towards a $9.80-$10.00 resistance area. The major weekly support is $6.50-$6.80 area. You can buy some DOT with tight stop loss near this support…
DOT tested the major support of $6.50 and bounced from there. If you opened a long position then increase your stop loss and hold this trade. You can book some profit near the resistance area. Keep your stop loss below the $6.50 area.
FIO/BTC
FIO Protocol (FIO) is a blockchain protocol that aims to enable a better way of sending/receiving coins and tokens.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 229-275-325-385 satoshi
FIO Protocol (FIO) is a blockchain protocol that aims to enable a better way of sending/receiving coins and tokens.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 229-275-325-385 satoshi
Crypto Chart Alerts
FIO/BTC FIO Protocol (FIO) is a blockchain protocol that aims to enable a better way of sending/receiving coins and tokens. Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here.…
$FIO Hit Exactly Our 1st Target🎯
Price Reached 229 SATs
Hope You Guys Making Insane Profits from $FIO
Price Reached 229 SATs
Hope You Guys Making Insane Profits from $FIO
All three #Bitcoin MVRV cohort ratios are now underwater:
🟧 Aggregate market is underwater
🟦 Long-Term Holders are underwater
🟥 Short-Term Holders are underwater
Market low things.
🟧 Aggregate market is underwater
🟦 Long-Term Holders are underwater
🟥 Short-Term Holders are underwater
Market low things.
MITH/BTC
Mithril (MITH) is a decentralized social media platform on the Ethereum Blockchain that rewards users for creating content.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 77-95-125-155 satoshi
Mithril (MITH) is a decentralized social media platform on the Ethereum Blockchain that rewards users for creating content.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 77-95-125-155 satoshi