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Messages - Adams-Richard
16
« on: June 26, 2023, 09:49:41 AM »
In today's world, where blockchain technology is reshaping industries and Non-fungible tokens (NFTs) are gaining popularity, it's no surprise that some of the most popular NFTs can be quite expensive. So even though many people want to invest in NFTs like Bored Ape Yacht Club, Cryptopunks, and Azuki, it can be difficult to do so because they cost a lot of money.
But what if I told you there's a way to invest in the NFT market without spending a lot of money upfront? It might sound too good to be true, and it’s totally understandable if you are thinking that way. But with the mix of technology and innovation, anything is truly possible
What Exactly Is an Investment Vehicle and How Does It Relate to the NFT ETF?
An investment vehicle is a product that investors utilize to generate profits.
It provides individuals and businesses with a means to invest and ideally, increase their financial resources. With a range of options available, many investors opt to hold multiple types of investment in their portfolios. This approach of diversifying the portfolio by including different investment types helps minimize risks and can lead to higher long-term returns.
So how does an investment vehicle relate to the NFT ETF? Well, among the various investment vehicles available today, exchange-traded funds (ETFs) have emerged as one of the most popular investment vehicles.
Exploring the Concept of NFT ETFs
Let me start by making it clear that while both crypto ETFs and NFT ETFs are types of exchange-traded funds, they focus on different facets of the universe of digital assets.
Basically, A cryptocurrency ETF mainly compromises a portfolio of various cryptocurrencies. These ETFs track their price movements, allowing investors to get in on the overall performance of the crypto market. On the other hand, the NFT ETF is specifically designed to invest in non-fungible tokens (NFTs). NFTs are unique digital assets that represent ownership or proof of authenticity for digital collectibles, artwork, or other digital stuff. An NFT ETF includes a selection of NFTs, giving investors a chance to ride the potential growth of the NFT market.
As the name implies, an NFT ETF is a collection of stocks from companies that are involved in the world of NFTs, such as NFT marketplaces or exchanges where NFTs are traded. When it comes to NFT ETFs, they only include companies that have publicly disclosed their ownership of NFTs and those that provide NFT-related services, like operating NFT marketplaces.
One significant advantage of investing in an NFT ETF is the exposure it offers. By investing in an NFT ETF, we can gain exposure to companies engaged in NFT-related activities and blockchain technology in general. This gives us the opportunity to create a diversified investment portfolio.
Another benefit is the ease of investing in an NFT ETF compared to investing in individual NFTs. Like, we can simply purchase shares in the ETF through a broker using a straightforward process. In contrast, buying individual NFTs directly can be challenging, as it requires payment with digital currencies using a blockchain wallet.
Final Thoughts
Undeniably, investing in NFT ETFs opens up opportunities to participate in the growing NFT market and benefit from its potential growth, all while mitigating some of the challenges and risks associated with individual NFT purchases. In this ever-evolving world of blockchain technology and groundbreaking ideas, NFT ETFs present an exciting opportunity for investors who want to jump into the NFT scene and make the most of its promising returns.
17
« on: June 14, 2023, 08:17:50 AM »
The highly anticipated unveiling of the latest additions to the KuCoin exchange has finally arrived!
Among the newly listed tokens on KuCoin, there's one project that has caught my attention. It's none other than the Candy Pocket (CANDY), an exciting new initiative that promises to deliver a payment solution that is low-cost and efficient.
In the simplest way possible, Candy Pocket is an easy-to-use web3 wallet that claims that web2 users can use it without even learning. The team behind this project aims to provide a blockchain wallet for the third world and use it to provide them with a new and low-cost payment service system. Additionally, they aspire for Candy Pocket to become a secure and swift online payment service built on blockchain technology, similar to PayPal, ensuring transactions remain untampered with.
The listing of the project’s utility token, CANDY, to a reputable exchange like KuCoin, will surely serve to expand exposure, improve liquidity, establish credibility, access a comprehensive ecosystem, and unlock partnership possibilities, all of which contribute significantly to the project’s advancement and success.
As of the time I'm writing this, KuCoin users can now trade the CANDY token using the CANDY/USDT trading pair. When it comes to deposits, you'll be pleased to know that they take effect right away through the supported MATIC network.
The main event I want to highlight in this blog is the campaign recently launched by the KuCoin exchange to celebrate the listing of CANDY on its platform. This exciting campaign just started yesterday and will run for a week. What's really cool is that there are four different activities to choose from, and as a KuCoin user, you can decide which ones you want to participate in. It's worth noting that each activity comes with its own dedicated prize pool, and I must say, these prize pools are quite generous.
I don't want to give away all the details, so I suggest you check out this link to get all the information from the official announcement page. It's definitely worth exploring, so don't miss out!
Aside from Kucoin, Other Big Exchanges Join Forces with Candy Pocket
Image from Candy Pocket Twitter
Candy Pocket's debut goes beyond just KuCoin. In fact, it has partnered with four other reputable crypto exchanges: Bybit, MEXC, CoinW, and BlingX. I’m pretty sure these exchanges have also recognized the value of Candy Pocket and have listed its token, CANDY, on their respective platforms.
To be honest, It is thrilling to see the widespread support Candy Pocket has garnered from reputable exchanges. This strong backing not only solidifies Candy Pocket's position in the crypto market but also presents exciting opportunities for us, investors.
I'm curious to know what you think about the Candy Pocket project and its utility token. What potential do you hope to see in the future? I'd love to hear your thoughts! Thank you for taking the time to read, and I'll catch you in the next one.[/size]
18
« on: June 06, 2023, 12:05:07 PM »
Okay, so based on what I've been seeing all over social media, it seems like things between Binance, one of the largest cryptocurrency exchanges in the world, and federal officials are really getting intense. The relationship between them has become quite intertwined, and I must say, the tension is running quite high.
On Monday morning, a public announcement was revealed that the Securities and Exchange Commission (SEC) has lodged 13 charges against Binance. While this news may have caused some investors to panic, it is not entirely unexpected, given that it marks the second instance of Federal regulators accusing Binance of circumventing regulations aimed at safeguarding investors within the United States.
I won't go into too much detail because I'm sure you are all well aware of all of the details of the conflict between the two parties. But the reason I am writing today is because I wanted to share my perspective and thoughts on the matter.
Is Binance.US actually made to act as a shield for the main company?
If you've only come across the SEC's accusation, you might momentarily think it makes sense. You may think that CZ or Changpeng Zhao, the founder of the exchange, created Binance.US with the intention of bypassing their own controls, allowing affluent U.S. investors and customers to continue trading on their unregulated international exchange, right?
However, according to CZ, all the allegations made against their crypto trading platform for US residents are completely false.
As we know, security remains one of the biggest challenges and concerns for crypto trading exchanges. It was one of the reasons that affected Binance's business in the United States. That's why they made the decision to launch Binance.US in 2019 in order to comply with US regulations.
From my perspective, it's quite intriguing that the SEC didn't reach out to the company first to discuss the facts, especially considering the significant efforts put in by the team to showcase the safety and security of the Binance.US platforms.
While it's possible that the SEC's allegations hold some truth, it's also possible that their intention here wasn't really about protecting investors, but rather making sensational headlines.
Do the Binance allegations resemble the FTX downfall?
It seems like some of the allegations against Binance actually resemble the actions that caused FTX's downfall, leading to criminal charges against Mr. Bankman-Fried for misusing customer deposits for various business operations and donations.
But will Binance meet the same fate as FTX? I highly doubt it.
Considering Binance's evident disappointment with how the SEC handled the situation and their strong determination to vigorously defend their platform against any accusations, it's unlikely that Binance will face a similar outcome as FTX.
In fact, as stated in their official announcement, Binance plans to collaborate with industry partners to safeguard this crucial technology from baseless lawsuits.
Closing Thoughts
When entering the crypto space, we should always be prepared for situations like this to arise. I mean, Binance isn't the only crypto exchange that has faced such challenges. It's no surprise that the SEC is taking a tough stance on this matter, considering the inherent risks involved in crypto exchanges.
The nature of cryptocurrencies, being constantly evolving, brings unique challenges when it comes to regulation and security. The SEC's strict approach reflects its duty to protect investors and ensure the stability of the market. As cryptocurrencies gain more popularity, regulatory bodies have to keep up with compliance and address potential risks that come with these digital assets.
While it may seem like a tough road for crypto exchanges to navigate through regulations, it's actually a necessary step to establish a safer and more trustworthy crypto ecosystem. By following the rules, not only do investors feel more secure, but it also helps build credibility and legitimacy in the industry. As the crypto space continues to evolve, we can expect regulators to fine-tune their strategies, finding a balance between fostering innovation and safeguarding investors.
19
« on: May 31, 2023, 12:02:27 PM »
I have to admit, when I heard the news about the latest token being added to the KuCoin exchange, it totally took me back to my childhood days. I even remembered getting a video cassette as a birthday present that had the anime version of this project.
In case you're not familiar with the project I'm talking about, it's this awesome blockchain game based on a football manga called Captain Tsubasa - RIVALS (TSUGT).
Even though I'm all grown up and leading a busy life, it's pretty amazing how this old favorite manga and anime of mine still manages to find its way back into my life, but in an unexpected way.
Now that I consider myself a blockchain enthusiast and use my writing platform to share my thoughts and ideas about blockchain, it's incredibly exciting to discover that Captain Tsubasa has its own blockchain game too. According to their website, Captain Tsubasa -RIVALS- is all about enjoying the process of developing and strengthening your one-of-a-kind NFT character, while also competing for valuable items against your formidable "rivals."
A Close Look at Captain Tsubasa -RIVALS
Given how big of a fan I am of not only Captain Tsubasa but also soccer and blockchain games in general, I can hardly contain my excitement to learn more about this initiative.
Shun Fujiyoshi, the mastermind behind "Captain Tsubasa - RIVALS-", was utterly fascinated by the new experience that blockchain games have brought to the table. This fascination fueled his brilliant idea of transforming his love for Captain Tsubasa and its enthralling story into a game using blockchain technology, resulting in an innovative and exciting form of entertainment.
To give you an idea of how the game works, the "player" NFTs work as character cards that are required to play. Each player character has the ability to learn up to three unique Special skills. The first one comes pre-set for each character and is exclusive to them, while the other two can be unlocked by playing the game. Now, when it comes to having an enjoyable experience in the "Captain Tsubasa" world, you've got two game modes to choose from: Rival and PvP. These modes offer different ways to feel the thrill and enjoy the immersive gameplay experience.
The Role of TSUGT
While $TSUBASAUT acts as the game's utility token, the launch of $TSUGT aims to create greater participation and collaboration between the management and the community and to facilitate collaborative efforts in the project's development.
Unlike $TSUBASAUT, getting hold of the governance token is not accessible to everyone. Instead, it is only accessible if certain requirements are met by players who actively engage with the game and improve the community. Thus, the distribution of $TSUGT is meant to encourage future project development in collaboration with the dedicated core users who make significant contributions.
It's worth noting that earning $TSUGT isn't limited to gameplay alone - you can also get it through exchanges like KuCoin. As I mentioned earlier in this blog, $TSUGT has recently been listed on the People's Exchange. So, if you're interested in being a part of this awesome blockchain game and want to buy player NFTs, you can use $TSUGT to own them, and feel free to grab some TSUGT tokens on the KuCoin Exchange
If that wasn't enough, KuCoin has announced a promotional campaign that offers eligible KuCoin users a TSUGT prize pool totaling $44,000 in celebration of the listing of TSUGT on its platform.
The event is set to kick off later today and will run for a whole week. If you believe this is a fun event you don't want to miss, click this link to find out more information about the three various activities you can choose to participate in. As for me, I really think this is the kind of event that shouldn't be missed, therefore I'll make sure to be ready today and wait for the event to kick off.
How about you guys, What are your thoughts on Captain Tsubasa -RIVALS-? Do you believe that this project has the potential to revolutionize our blockchain gaming experience? Are you also interested in joining the KuCoin campaign? Share your thoughts in the comments section
20
« on: May 02, 2023, 05:36:21 AM »
In today's globalized economy, cross-border payments have become an essential part of doing business. Whether you're sending money to your friend studying abroad, paying for a cool new gadget from an online shop in Japan, or doing business with partners overseas, cross-border payments are crucial. But traditional methods of sending money can be a real hassle. They can be slow, expensive, and sometimes even risky. This is where blockchain comes in. By using decentralized ledgers and smart contracts, blockchain-based cross-border payments offer a faster, more transparent, and cheaper way to move money internationally. Think of it like Venmo but for global payments.
How Blockchain is Helping to Address the Challenges of Cross-Border Payments
1. Speed
You see, with traditional cross-border payment methods, it can take days, or even weeks, for the payment to go through and for the funds to settle. That's because these methods often involve multiple intermediaries, like banks or financial institutions, who all have to process and verify the transaction.
But with blockchain-based cross-border payments, things are different. Because the transaction is verified by a decentralized network of computers, there's no need for intermediaries. This means that the payment can be executed much faster, with fewer delays and complications.
2. Cost-effectiveness
When we use traditional payment methods, we often have to go through all these intermediaries to process our transactions, and they all want a piece of the pie. But with blockchain-based payments, we don't need those guys anymore. The payment is verified by a decentralized network of computers, so there's no need for anyone else to get involved.
And you know what that means? Lower fees for us! That's right, we can save some serious cash by using blockchain-based payments instead of traditional methods. Plus, because the transaction is more secure and transparent, we can have greater peace of mind when we make payments online.
All in all, I think blockchain-based payments are the way to go if you want to save money and make your online transactions smoother and more hassle-free.
3. Security
Apparently, with traditional cross-border payment methods, there’s a lot of room for error. When you send money through multiple intermediaries, there are more opportunities for someone to intercept the payment or manipulate the system. But with blockchain-based payments, everything is verified by a decentralized network of computers. This means that it's much harder for anyone to tamper with the payment or steal your funds.
So if you want to keep your money safe and secure when you make cross-border payments, blockchain-based payments are definitely the way to go. And because the system is more transparent, you can have greater peace of mind knowing that your payment is being processed properly and that your money is in good hands.
4. Transparency
Thanks to the way that blockchain functions, every transaction is documented on a public ledger that anybody can access. This also means that you can easily track your payments and see where your money is going at all times. It's a great way to keep an eye on your finances and make sure that everything is in order.
Plus, because the ledger is public, it's much harder for people to commit fraud or engage in any kind of shady activity. If something fishy is going on, it's much easier to detect and address it quickly.
Final Thoughts
Now, I’m curious. Have any of you ever tried making international payments using blockchain? If you have, what was your experience like? Or if you’re just curious about how this fancy tech works, don’t be shy! Drop a comment below and let’s chat about it. I’m all ears and would love to hear your thoughts. Let’s get talking and share our thoughts.
21
« on: April 11, 2023, 07:36:11 AM »
Image from CryptoNewsZ
The 2nd Metaverse Fashion Week was an incredible collaboration between major brands such as Dundas, Adidas, and HBO. The success of the first event led Decentraland to organize yet another spectacular fashion week. As someone who attended all three days of the event, I'm excited to share a recap of everything that went down during the Metaverse Fashion Week (MVFW) in this blog.
Highlights from the 2nd Metaverse Fashion Week
This year’s Metaverse Fashion Week had a theme that was all about linking up the next wave of fashion creators with traditional designers. They called it “Future Heritage” and it was pretty awesome to see the two worlds come together like that. Some of the big names in the digital fashion game, like Zero10, DressX, and the Fabricant, were back for the second time. Although the total number of brands was a bit less this time around, there were still some standout shows that I have to mention. Dundas totally killed it with their gorgeous avatars (just like last year), and Adidas made their debut as a first-time participant. And let’s not forget about Decentraland and HBO, who both brought their A-game to the event.
Alright, let’s talk about some of the not-so-great things that went down at the MVFW this year. First off, attendees were hit with a major problem – neither my iPhone nor my iPad Pro could be used to enter Decentraland. I heard some people had to even cancel a few meetings and stay home. On top of that, the Mac app was a total fail, so I had to resort to playing the browser version of the game, which was super glitchy and required us to clear our browser cache. And let me tell you, the first day was insane - there were so many users trying to get in that it was impossible to visit any of the locations.
On the flip side, I have to say that the Metaverse Fashion Week’s official AR partner, DRESSX, really took things up a notch by hosting a bunch of amazing immersive events throughout Decentraland. They took Web3 to a whole new level with a series of super cool immersive activations all over Decentraland. They kicked off the event with the DUNDAS digital runway show and showcased two cutting-edge 3D designers, Injury and Blade Runway, at their neo-genesis boutique. Plus, they even gave away a special free mint to the community. But that's not all - DRESSX also teamed up with Tommy Hilfiger to release an amazing 3D wearable collection and opened a purely digital pop-up in Metajuku with Original Penguin.
From awesome virtual catwalks to after-parties with no guest list (oh, and let's not forget about the killer tributes to Vivienne Westwood and Cristóbal Balenciaga), MVFW had a jam-packed schedule full of exclusive experiences designed by 63 different fashion houses, including heavy hitters like Coach, DKNY, Tommy Hilfiger, and Dolce&Gabbana.
Overall, the usefulness of metaverse is truly commendable.
As Diego di Tommaso, the founder of Over, pointed out, the goal is to blend digital fashion with the real world, creating a seamless integration of physical and virtual reality that generates a more impactful experience. The metaverse is not a standalone concept, but rather a dynamic and interconnected network that bridges the gap between the physical and digital realms.
22
« on: April 04, 2023, 12:33:39 PM »
NFTs are all the rage these days. It's crazy how they've made such a huge impact across so many industries like tech, music, real estate, and sports. Personally, I'm a big fan of how they allow creators to sell digital art and other unique items. The only downside is that some folks are hesitant to invest in NFTs because they don't own any cryptocurrencies.
Is there a way for people who are nocoiners to own NFT?
So you may think that owning an NFT is out of the question unless you have some crypto stashed away, right? I mean, the two seem pretty intertwined. But the cool thing is that there are actually a few ways you can buy NFTs even if you're not a crypto owner.
Yup, you read it right. If you don’t have any crypto but you are interested in getting yourself an NFT, there are indeed a few ways to make it happen. You could use a credit card, check out third-party services, hop on a peer-to-peer exchange, or if you have a friend who’s already into NFTs, they might be able to help you out too.
But owning an NFT without using crypto may not be as simple as you think it is
From what I know, there are still some pretty big limitations if you’re trying to own an NFT without having any crypto on hand. It’s not as simple as just throwing down some dollars wherever you please –you’ll need to meet specific criteria and shop in particular locations for certain NFTs. For instance, let's say you're browsing the biggest NFT marketplace out there, Open Sea. Even if you want to use a debit or credit card, you might not be able to in every single state or country around the globe.
Also, one more thing to keep in mind: if you want to buy something on Open Sea, you’ll have to jump through a few extra hoops. To pay for your purchase, you’ll have to first verify your identity with a company called Moonpay. It's a separate entity from the marketplace and is responsible for handling payments. They'll want to make sure you are who you say you are, so you'll have to go through some extra security checks.
Would you still want to own an NFT?
After all that we’ve discussed, it’s clear that owning an NFT without using cryptocurrency isn’t as straightforward as you might expect. I'm curious to hear your thoughts, would you still want to own an NFT, despite the potential hurdles and risks involved in buying one without crypto? Or would you prefer to use cryptocurrency to avoid any potential difficulties?
It's a tricky question, and there are no right or wrong answers. Owning an NFT can be an exciting way to invest in unique digital assets and support artists and creators. However, the process of buying an NFT without crypto can be confusing, and there are extra security measures that need to be taken to ensure the legitimacy of the transaction.
On the other hand, using cryptocurrency to purchase an NFT can make the process much smoother and less complicated. Plus, it allows you to participate in the cryptocurrency world and potentially earn a profit in the future.
So, what do you think? Are the benefits of owning an NFT without using crypto worth the potential challenges, or would you rather stick to using cryptocurrency? Let me know in the comments below.
23
« on: March 20, 2023, 06:49:06 AM »
The Onomy Protocol (NOM) has only been listed on KuCoin a few days ago, and the platform is already getting an overwhelming level of support from the token’s community within a short span of time. And guess what? Because of how quickly the NOM token gained support from KuCoin users, the People's Exchange is throwing a super cool event just for us!
If you don't know what NOM is, it's a token that helps keep the Onomy Network Proof-of-Stake secure. You can earn rewards for staking NOM over time by delegating it or becoming a validator for the network. In addition, $NOM can then be used for all of its described utilities, and users may bridge $NOM to various blockchains integrated into the Arc Bridge Hib. It truly makes sense why KuCoin is proud to have this promising token on its trading platform.
I have also checked the current market information for Onomy Protocol, and as of now, it is priced at $1.01 with a 24-hour trading volume of $2,213,218. I noticed that the protocol has experienced a 5.92% increase in the last 24 hours. Based on its performance, it is currently ranked at #2701 on CoinMarketCap, with a live market cap that is not available.
The “ONOMY Trading Competition” event started a couple of days ago and is set to end on March 22 at 10:00 (UTC). What's even more exciting about this campaign is that it includes not one but three trading competitions, giving qualified KuCoin users a shot at winning a share of $40,000 worth of NOM tokens!
For the first campaign activity, all you need to do is make a net deposit of at least 100 NOM on KuCoin to be eligible for a chance to win a share of $10,000 NOM. The prize will be awarded in proportion to your total net deposit amount, so the more you deposit, the greater your chances of winning a larger share of the prize pool.
I'm particularly excited about the second campaign activity, as it's even more thrilling than the first! The activity only requires us to trade NOM on KuCoin and the top 30 accounts with the highest trading amounts will qualify for a chance to win a share of the $20,000 NOM prize pool. I'm definitely going to give it my best shot, and I'm already strategizing to try and increase my trading amounts to boost my chances of being one of the top 30 traders.
The final campaign activity is also really interesting. To participate, users need to meet certain requirements, such as having a trading amount of at least 200 NOM and adding the NOM/USDT trading pair to my favorites list. It is also required to pass KYC1 to be eligible to evenly share in the $10,000 NOM prize pool.
If you’re interested in joining all the activities, don’t worry because all KuCoin users like myself are invited to participate. And if you’re not yet a KuCoin user, there might be a reason why you came across this blog. Who knows? You could be one of the lucky participants to take home a share of the $40,000 prize pool.
So if you are considering signing up, you can use my KuCoin affiliate link to save on your trading fees as well. Don’t hesitate, this campaign won’t last forever!
24
« on: March 15, 2023, 08:59:48 AM »
As I sit here in front of my computer, typing away at my keyboard, I can’t help but marvel at how much the world has changed in just a few short decades. When I was a child, smartphones, social media, and virtual currencies were nothing more than science fiction. But now, they’re an integral part of our daily lives, shaping the way we communicate, work, and even think.
Of all the technological advancements that have emerged in recent years, perhaps none is more exciting than virtual currencies. To think that we can now conduct financial transactions using digital tokens, without the need for banks or other intermediaries, is truly mind-boggling. It’s as if we’ve entered a new era of commerce, one in which money can move freely and seamlessly across borders, with no restrictions or barriers to slow it down.
However, I am aware that not everyone shares my excitement about virtual currencies. In fact, some people might not be aware that they exist or understand how they work. If you're reading this and thinking, "what's the big deal about crypto?" then you might still be a nocoiner.
But that’s okay. Everyone has to start somewhere, and I’m here to help. So, let’s get to the good stuff and see how crypto can make my financial life simpler and more convenient. Keep reading to find out!
1. Online Shopping
Personally, when I shop online, I prefer using virtual currencies simply because I don’t have to worry about sharing my sensitive financial info with anyone. And the best part? Crypto transactions are super fast and have low fees, so I can save a ton of time and money compared to traditional payment methods.
2. Micropayments
Oh, and here’s another cool thing about crypto that I love: you can make super tiny transactions, aka micropayments! Since virtual currencies can be divided into many decimal points, you can easily send or receive even the tiniest amounts of money in a jiffy. This is a game-changer for buying stuff online, like music, movies, or subscriptions. No more headaches dealing with old-school payment methods!
3. Financial Freedom
I’m all about that financial freedom, and using crypto is one of the best ways to get it. With crypto, I’m in control of my own wallet and private keys, so I don’t have to worry about third-party institutions messing with my money. This is especially important in places where traditional banks can be sketchy or unreliable.
Using crypto gives me way more control and flexibility over my money, which is super cool. I feel like I'm taking charge of my own financial future and setting myself up for more stability and independence down the line. Plus, it's just way easier and more convenient than dealing with all the red tape and hassle of traditional banking.
Final Thoughts
All in all, I truly believe that using crypto has been a life-changing experience for me. The perks are simply way too many to ignore. From increased privacy and security, to faster and cheaper transactions, to greater financial freedom and independence, crypto has transformed the way I interact with money online.
And the best part? I know that there are still so many more benefits to discover and explore as crypto continues to grow and evolve. Whether it’s new use cases for micropayments or innovative ways to store and manage my digital assets, the possibilities are truly endless. So if you haven’t yet jumped on the crypto bandwagon, I highly recommend giving it a try.
Thanks for reading this blog! I hope you found it interesting and learned something new from it. It has been a pleasure to share my thoughts and ideas with you, and I’ll catch you in the next one!
25
« on: March 09, 2023, 03:56:27 AM »
Have you guys heard about the newest token listed on KuCoin, MINA? This promising new cryptocurrency has been gaining traction in the crypto community, and its recent addition to KuCoin is generating a lot of buzz.
Before I go any further, it is worth noting that MINA trading is now live on KuCoin, and you can start trading using the supported trading pair of MINA/USDT. Withdrawals for MINA will also be available starting today at 10:00:00 (UTC), adding to the convenience of using KuCoin for MINA transactions.
For those who may not be familiar with Mina, it is a decentralized blockchain platform designed to offer fast and lightweight transactions with minimal data storage requirements. The protocol is notably known as being one of the most anticipated projects of the industry to date. The team raised a total of $18.75 million during its token sale in under four hours.
Its native token, MINA, serves as the payment medium of the MINA Protocol, incentivizing block producers to create blocks and rewarding snark workers who prove transaction validity.
When MINA was first launched, its initial supply was set at 1 billion tokens. While the total supply will increase over time, the inflation rate is expected to decrease gradually from 12% to 7% over the first five years. Any further adjustments to the inflation rate will be decided by the Mina Protocol's governance mechanism, allowing stakeholders to have a say in the platform's future growth and development.
The listing of MINA on KuCoin represents a significant milestone not only for the MINA Protocol but also for the exchange itself. As a way to celebrate this new milestone, KuCoin has initiated a campaign offering a prize pool of 30,000 USDT to all eligible users.
The promotional event began on March 7th and is set to run until March 15th at 10:00:00 (UTC). The campaign includes three exciting activities that eligible users can participate in for a chance to win a share of the 30,000 USDT prize pool. If you're interested in learning more about the event and its rules, you can visit the announcement page by clicking on this link.
Author’s Note
The listing of MINA on KuCoin is an exciting development for the Mina protocol and the wider crypto community. With its unique approach to scalability and decentralization, Mina has already generated significant interest in the blockchain space. Now, with the support of a major exchange like KuCoin, the project is poised to reach even greater heights.
I hope this article has helped shed some light on what MINA is, its features, and its significance as the newest token listed on KuCoin. As always, I want to thank you for taking the time to read this blog. The crypto landscape is always evolving, and it's just so exciting to be part of a community that is pushing the boundaries of what's possible with blockchain technology.
26
« on: March 03, 2023, 05:17:22 AM »
We all know how volatile traditional cryptocurrencies can be. That may be why most of us were intrigued when we first heard about stablecoins.
Stablecoins are a type of cryptocurrency that is designed to maintain a stable value, often by being pegged to a fiat currency or a commodity like gold. In this blog, I want to share with you what stablecoins are, why they're essential, and what you need to know about them.
What could be the role of stablecoins in the future of crypto?
As someone who's been using stablecoins for a while now, I can tell you that they have some pretty cool advantages. First and foremost, stablecoins are designed to be stable, so you don't have to worry about the wild price swings that other cryptocurrencies are prone to. This makes stablecoins a great option for everyday transactions or long-term holdings.
They're also fast and cheap to use, often with lower fees and faster confirmation times than traditional payment methods. Plus, because they're based on blockchain technology, they allow for decentralized and transparent transactions. And for those who live in countries, with unstable currencies, stablecoins can offer a way to protect their savings and participate in the global economy.
Although stablecoins can be appealing due to their stability and convenience, I believe that it's crucial to be aware of the potential risks and challenges involved before deciding to use or invest in them. Understanding the counterparty risk associated with holding assets backed by a single entity or asset, the regulatory uncertainty, and the technical challenges of maintaining a stablecoin's peg to a fiat currency or asset is essential.
By carefully evaluating the risks and benefits of stablecoins, you and I can make informed decisions about whether or not they are a suitable option for our investments or transactions.
As you delve deeper into the world of stablecoins, you will come to know that some of the most popular ones include Tether (USDT), USD Coin (USDC), and Dai (DAI). Tether is one of the oldest and most well-known stablecoins, with a market cap of over $71 billion. USD Coin, which is backed by Coinbase and Circle, is quickly gaining popularity with a market cap of over $42 billion. Finally, Dai, which is backed by Ethereum and is fully decentralized, has a market cap of over $5 billion.
Being in the crypto space for many years now, I can't help but wonder about the future of stablecoins.
It's clear that stablecoins are becoming increasingly popular as a way to mitigate the volatility of traditional cryptocurrencies. As more people become aware of stablecoins and their benefits, it's likely that we'll see even more innovation in this space.
I believe that we'll see stablecoins become more widely adopted for use in everyday transactions, as well as in the financial sector. However, there are also challenges that need to be addressed, such as regulatory uncertainty and potential market manipulation.
Despite these challenges, I'm excited to see how stablecoins will continue to evolve and transform the cryptocurrency landscape in the coming years.
27
« on: March 01, 2023, 06:26:43 AM »
Have you guys heard of BEANZ NFT? As an enthusiast of all things digital art and blockchain, I was intrigued when I first discovered this unique NFT project. I didn't pay much attention to it back then, but when I heard the announcement that KuCoin Fractional NFT introduced BEANZ as its 26th project, I concluded that now is the time to fully explore it, and might as well share what I've learned about this special NFT project with you guys.
If this is the first time you have heard about KuCoin Fractional NFT, allow me to fill you in on that. The concept is basically about allowing multiple investors to own a portion of a high-value asset, such as a piece of artwork or a rare collectible. In the case of KuCoin Fractional NFT, the assets in question are non-fungible tokens, or NFTs, which are unique digital assets stored on a blockchain.
So what's special about the 26th project from KuCoin Fractional NFT? Well, without giving too much away, let's just say that it involves a highly sought-after NFT from a popular artist, and investors will have the opportunity to own a fractional share of this rare and valuable digital asset.
BEANZ NFT: The Unique Project That's Turning Beans into Art
At its core, BEANZ NFT is a collection of 20,000 algorithmically generated small species that sprout from the dirt to become a sidekick of an Azuki. That’s right, BEANZ is the second NFT project from Azuki, a new brand with a strong anime connection.
The BEANZ collection was an airdrop for Azuki holders that landed on March 31 and was revealed to the world a little over a month later. And as I learned more about the project, I was impressed by the thought and care that goes into every aspect of BEANZ NFT. Each Azuki bean comprises 12 traits (483 in total), ranging from the background, clothing, eyes, face, and headgear to offhand, shoe, and type. There are also some special characteristics of these NFTs that give them unique personalities.
BEANZ NFT Makes Its Debut on KuCoin Fractional NFT
If you are an avid fan of both digital art and cryptocurrency and you are currently on the lookout for new projects that combine the two, Kucoin's hiBEANZ project might be worth checking out.
Starting tomorrow at 9:00 (UTC), the subscription period will be open for two hours, divided into two rounds. During the first round of the hiBEANZ token sale, the available cap is set at 10,000,000, the individual hard cap is set at 15,000 hiBEANZ and for the second round of the hiBEANZ token sale, the available cap has been set at 5,154,000, while the individual hard cap has been set at 4,300 hiBEANZ.
Furthermore, It is worth noting that hiBEANZ will soon be listed on the KuCoin exchange. Although there hasn't been an official announcement yet, be sure to follow them on Twitter to stay up to date.
Final Thoughts
Much like the earlier projects that were introduced, I’m pretty sure that the hiBEANZ project on KuCoin's fractional NFT platform also represents an exciting opportunity for both art collectors and crypto investors.
As the world continues to embrace the potential of NFTs and decentralized finance, I believe that projects like this will generate significant interest and attention in the years to come. Thank you for reading!
28
« on: February 22, 2023, 07:05:26 AM »
Have you ever felt hesitant to invest in cryptocurrency because of all the negative news and rumors surrounding it? Well, as someone who has been in the crypto industry for a while now, I can understand why you might be feeling that way. There's a lot of fear, uncertainty, and doubt (FUD) being spread around, and it can be difficult to separate fact from fiction.
But here's the thing: not all FUD is created equal. Some of it is based on legitimate concerns or events, while others are simply meant to manipulate the market or discredit a particular cryptocurrency or project. In order to make informed decisions about your investments, it's important to learn how to analyze FUD from different perspectives and determine its potential impact.
In this article, I'll walk you through some common FUD analysis techniques in the crypto industry from a few specific perspectives. I hope that once you reached the end of this blog, you'll be better equipped to recognize and eliminate the potential effects of intentional FUD spread and make informed decisions about your investments. So let's dive in!
- The Motivation Behind the FUD
In my experience, the motivation behind FUD in the crypto industry is often a good indicator of its accuracy. When someone spreads FUD about a project or cryptocurrency, it's usually because they have a vested interest in seeing its value decrease or because they want to promote their own project as a better alternative.
For example, if a competitor spreads FUD about a project's security or scalability, it's likely that they are trying to undermine the project's credibility and drive down its value. Similarly, if someone spreads FUD about a certain cryptocurrency, it could be because they hold a competing cryptocurrency or have a short position in the one they are attacking.
On the other hand, if someone is spreading FUD because they genuinely believe there is a problem or issue with a project or cryptocurrency, their motivation may be more helpful.
- The Evidence Supporting the FUD
Another factor that I consider when evaluating FUD in the crypto industry is the evidence supporting it. FUD claims that are backed up by concrete evidence are more likely to be accurate than those that are not.
For example, if someone spreads FUD about a cryptocurrency's security and provides evidence of a recent hack or exploit, it's important to take this seriously and consider the potential risks associated with the cryptocurrency. On the other hand, FUD claims that are not backed up by evidence should be treated with skepticism. For example, if someone spreads FUD about a cryptocurrency's scalability without providing any evidence or technical analysis, it's important to question the validity of their claims.
- The Context of the FUD
I also take into account the context in which FUD is being spread when I interpret it in the crypto space. The accuracy and relevance of FUD statements can be significantly impacted by context.
For example, FUD claims that are spread during times of market volatility or uncertainty may be more likely to be exaggerated or sensationalized. Similarly, FUD claims that are spread by anonymous sources or individuals with a history of spreading false information should be viewed with skepticism.
FUD claims, however, that are supported by reliable sources and relevant to current affairs or business trends may have greater validity. For example, if a well-known security researcher identifies a vulnerability in a popular cryptocurrency and shares their findings, this FUD claim should be taken seriously and evaluated carefully.
The Takeaway
As the crypto industry continues to evolve and mature, we can expect to see new forms of FUD emerge, along with new strategies for analyzing and neutralizing it. However, by developing a critical mindset and staying vigilant, we can navigate the crypto landscape with confidence and ensure that our investments are protected from the effects of intentional misinformation.
I hope this article has provided you with a useful guide to FUD analysis in the crypto space. Remember to stay informed and curious, and I bet you'll be well-prepared to navigate the ever-changing world of cryptocurrency. You've got this.
29
« on: February 17, 2023, 11:54:42 AM »
I can’t count the number of times I've highlighted KuCoin on my platform to update you guys on their most recent release of promotional campaigns like listing initiatives and trading competitions. And for the nth time, I'll be writing an article about the People's Exchange and their most recent trading competitions for well-known tokens, Concordium (CCD) and Aurigami (PLY).
These kinds of initiatives genuinely give us, as traders, a competitive edge. With its innovative approach to trading competitions, KuCoin has quickly become not just my favorite but also among crypto enthusiasts who love to compete for rewards and recognition. Whether you’re a seasoned trader or a newcomer to the world of cryptocurrency, KuCoin’s trading competitions provide a unique opportunity to test your skills, win prizes, and become a part of the vibrant crypto community.
In this blog, we’ll take a closer look at how KuCoin is shaking up the world of crypto trading with its dynamic and engaging trading competitions for popular tokens. From the mechanics of the competition to the rewards on offer, we’ll explore everything you need to know to get started and be ready enough to join the KuCoin trading competition.
Image from KuCoin
Before we dive into the details of the competition, let’s take a quick look at Concordium, the cryptocurrency that’s at the heart of this event. Concordium is a fast, secure, and scalable blockchain that’s designed for enterprise-level use. It combines privacy, transparency, and compliance features to provide a robust and trustworthy platform for businesses to build upon.
Now, let’s get back to the competition. The Concordium (CCD) Trading Competition on KuCoin will run from February 17 to February 24, 2023, and is open to all users of the exchange. During this period, you can trade CCD against any other cryptocurrency on KuCoin to accumulate trading volume. To view the rest of the information, click here.
So how can you increase your chances of winning? The key is to trade as much CCD as possible during the competition period. The more you trade, the higher your ranking will be on the leaderboard. It’s important to note that only trades made on the KuCoin spot market will be counted toward your trading volume.
To participate in the competition, all you need to do is sign up for a KuCoin account (if you don’t have one already) and start trading CCD. You can also monitor your ranking on the leaderboard in real-time on the competition page on KuCoin’s website.
Image from KuCoin
Now, before we get into the specifics of the Aurigami Trading Competition, let's pause to appreciate the meaning of the word "Aurigami." It’s like origami, but with an “Auriga” twist. Anyways, I won't go into much detail because this competition's mechanics are actually quite similar to the Concordium Trade Competition.
But just to highlight, the Aurigami Trading Competition will run from February 16 to February 23, 2023, and is open to all KuCoin users. The top 50 traders by trading volume at the end of the competition will share the prize pool of 30,000 PLY. For more information, go here.
In conclusion, the Concordium and Aurigami Trading Competition on KuCoin is a great opportunity to win big rewards while trading on one of the most trusted and reliable cryptocurrency exchanges. With a total prize pool of 40,000 CCD and 30,000 PLY up for grabs, the competition is sure to be fierce. So why wait? Sign up for a KuCoin account and start trading PLY and CCD today.
30
« on: February 15, 2023, 03:58:15 AM »
When I first started to become increasingly interested in finance and how to make money, I initially assume that investing and trading refer to the same process given how frequently they are used interchangeably. However, I soon realized that trading cryptocurrency and investing in it are two different things.
While traders can invest and trade in cryptocurrencies, the sort of approach will be the main factor in determining which technique is best to enter the market. Raising the value of an investment is a common objective shared by traders and investors. Despite considerable overlap, trading, and investing use completely different approaches. In general, investors purchase cryptocurrencies with solid fundamentals with the expectation that their value would rise in the future. On the other side, traders hold onto cryptocurrencies for a certain period of time and profit from market volatility.
We'll go over the major distinctions between buying and selling cryptocurrencies to help you in determining which approach is best for you.
What is Crypto Trading?
Crypto trading involves actively buying and selling cryptocurrencies with the aim of making profits from short-term price fluctuations. This requires a high level of knowledge and experience, as well as an ability to handle the risks and volatility of the market.
Market timing is the practice of transferring investment funds between asset classes or into or out of a financial market based on predictions. If investors are able to forecast when the market will rise and fall, they can place trades to profit from that market movement. It's similar to thinking you have a crystal ball that can predict which direction the market will move. With that level of assurance, you would be ready to wait for lower entry levels into an investment or higher selling levels.
What is Investing?
Long-term investors are also known as "HODLers" in the cryptocurrency markets, a moniker that derives from a well-known and widely-used misuse of the word "holding."
Crypto investing involves holding cryptocurrencies for the long term with the expectation of generating returns from the overall growth of the market. This strategy calls for a solid grasp of the underlying principles governing cryptocurrencies and the market as a whole, as well as the ability to resist market volatility.
The reasoning for investing in cryptocurrencies is similar to Warren Buffet's value investing approach, which is a well-known investor. The strategy mainly looks for assets that are trading at a discount to their intrinsic worth.
An investor might, for instance, notice that a coin is now trading at a low price and predict, based on fundamentals, that its price will increase in the future. As a result, they buy the coin and hold onto it despite the current impression because they believe the price will rise in the future.
The Takeaway
It’s important to note that both trading and investing carry risks, and it’s essential to have a good understanding of the market and the underlying cryptocurrencies before making any decisions. Whether you choose to trade or invest, it’s important to have a solid strategy in place and to manage your risks carefully.
Ultimately, the decision to trade or invest in cryptocurrencies comes down to your investment goals, risk tolerance, and level of experience. By understanding the differences between those two approaches, you can make an informed decision and potentially benefit from the growth of the cryptocurrency market.
Kudos to you for reading my blog. I hope the insights were relevant and useful. If you have any ideas, feel free to reach out to me anytime. I would love to hear from you!
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