Armani Bins

Armani Bins

I’m a Crypto author and journalist and I have been involved in space since 2012. I have written for a number of publications, including The Wall Street Journal, Forbes, and CoinDesk. I’m a popular speaker and I generally speak on cryptocurrencies and blockchain technology niches respectively.

How does OpenMeta stand out and make a breakthrough in the NFT market?

According to NFTGO, an NFT statistics website, the total market value of NFT has shot up to US$16 billion. Its transaction volume has been fluctuating and hitting new highs, even the bottom daily transaction volume was around US$100 million. With the continuous influx of external funds, brands, and the continuous expansion of NFT application scenarios, the NFT market size is bound to grow further. Almost 90% of the transaction volume comes from OpenSea, a giant in the NFT market, whose daily transaction volume is nearly US$100 million in the past three months. The competitors have been envying OpenSea for not sharing the cake. From the airdrop of SOS to LooksRare and X2Y2 (which have been on every KOL’s lips recently), the cake battle began. Among these competitors, SOS seems to be a fish in troubled waters, while LooksRare and X2Y2 have indeed made many dazzling optimizations in their products.  However, both LooksRare and X2Y2 skipped the cold start and adopt an aggressive way of using incentives to attract users. It seems this method has done more harm than good to their products, because users pay more attention to those incentives instead of their products. OpenMeta, a project incubated by the MDEX Foundation, has adopted a different development strategy. It takes advantage of the market sentiment to gain high attention in a short time. A great strategy indeed. However, its success is also inseparable from its solid foundation. Otherwise, the attention will just come and go quickly, and cause a negative impact. NFT Trading on OpenMeta: Scientific Analysis +Rational Investment OpenMeta is an NFT marketplace on BSC. Therefore, its users have never been troubled by high transaction fees. It also provides creators and projects with the “0 Gas Mint” function, which further reduces the cost of NFT transactions. On OpenMeta, the creator’s work will only be minted into NFT after a transaction is reached. Before that, the work is displayed in a form of picture or audio, which reduces the unnecessary NFT minting fee. There are so many projects in the NFT market that it is difficult for users to choose the one with investment value, or to judge whether the opportunity to enter the market has already gone. NFTs such as collectible artworks and game props are so well designed that investors often forget to analyze the market and only make decisions based on “appearance”. Openmeta visualizes the data and paves the way for users to make scientific investment decisions. On OpenMeta, each series of NFTs will display information like total supply, numbers for sale, floor price, and turnover. With information like the total supply and the number for sale, users can judge the selling pressure of the NFT and even the community cohesion; With information like the floor price and turnover, users can evaluate the market popularity of the NFT. In 2022, OpenMeta will continue to optimize the visualization of data, and add useful tools such as NFT price curve and NFT attribute display. NFT Primary — makes the NFT cake bigger In addition to the investment function, another major feature of OpenMeta is screening projects for users. NFT Primary is the initial sale platform for high-quality NFTs and mystery boxes. The OpenMeta team and the community join hands to select projects that can be listed on NFT Primary. Users can be early buyers of such NFTs and enjoy the future value appreciation to the greatest extent. Such project recommendations after the screening of NFT Primary can better protect investors. Besides, OpenMeta also provides its users with higher returns. Its exclusive NFT staking function makes the NFT held by the user no longer a JPG, but an interest-yielding asset. Since its launch, NFT Primary has launched 5 NFT mystery box sales for 3 projects, including Meta-Elephant NFT, TAP FANTASY METAVERSE, and Wonderful Day. The mystery boxes were all sold out in minutes, and the sales volume all exceeded 20,000 USDT. The NFT mystery boxes issued by MDEX on OpenMeta were priced at 150 MDX, or about $30. Now, this series of NFTs is hard to come by. Of the total of 2,000 NFTs sold by Primary, only 26 users chose to resell them. NFTs that have the ability to capture the project value and be staked on OpenMeta for mining bring more possible value to users. Other NFTs launched by OpenMeta are also very hard to come by. Such screening is also a win-win for NFT projects and OpenMeta. OpenMeta provides targeted, loyal and experienced cryptocurrency users for NFT projects, and NFT projects bring high-quality projects to OpenMeta. The Openmeta team will also participate to make sure that excellent ideas can grow into high-quality projects. Compared with LooksRare and X2Y2, OpenMeta is more prepared and hits the market pain points more directly. In terms of operation strategy, OpenMeta focuses on long-term and sustainable growth, which is more down-to-earth, and aims to make the cake bigger. The NFT market is still an incremental market, is bound to expand its border further!  

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Squirreling Squirrels a Community-based NFT Project is Ready to Support the Planet

  February 20, 2022 / Squirreling Squirrels is a community-based NFT project with an initiative to support the planet! Our community will plant trees, as well as create our own Metaverse Park, P2E Game & Token. As they nibble their nuts and climb the trees, squirrels are squirreling around without help, so we wanted to give our Squirrels a place where we know they will thrive: Squirreling Squirrels on the Blockchain! Squirreling Squirrels is an NFT collection riding the Metaverse wave in its own unique way; Launching with beautifully hand-drawn NFTs including 200+ unique traits, ready to squirrel on the Metaverse. Our goal is to impact the world positively through planting trees both virtually on our Metaverse Park and physically through our partnership with Tree Nation! Together, our target goal is planting a million trees in different regions of the world! FUN FACT! Did you know that squirrels are responsible for accidentally planting millions of trees annually? We love that our squirrels take the initiative, but we want to help them out, and we need your help too! By being a part of our experience and a Squirreling Squirrels NFT holder, you automatically contribute to our mission. Oh, and you get a cheeky certificate along with it because you earned it, you Squirreling Squirrel! The idea behind Squirreling Squirrels The crypto sector does not have a good reputation regarding the environment. Thus, we aim to change that by showing that NFT holders really care. We go for making the world a better place, tree by tree, squirrel by squirrel!  Therefore, we invite anyone that believes in us and what we stand for. Join our adventure, where we reward our community. All loyal SS holders will own and gain access to our Squirreling Squirrels Park on The Sandbox, where many exciting events will be held. Our community will be able to enjoy our play-to-earn game on the same platform. Our Token ($ACORN) will be used in-game, as well as on the blockchain marketplace, and can be swapped on a DEX. The team behind Squirreling Squirrels Our team is distributed all over the world! From Asia, Europe, the Middle East & Canada, the core team consists of professional, highly qualified, and innovative business owners, tech experts & more. We all want to give back to society & excel in the wonderful NFT universe. All working hand in hand to create a benevolent and result-oriented environment, strongly committed to our values and mission. You can follow us on Discord to learn more about our team and join our AMAs. The launch The minting launch is still TBA; we’re focused on community building.   About To know more about the Squirreling Squirrels, visit our website: https://squirrelingsquirrels.io/   Visit the Twitter page here:  https://twitter.com/SquirrelingSQRL    or Discord page here:   https://discord.gg/5JgjnY6mUa    Media Contact: Name : Charbel Kairouz Email: charbelkairouz@hotmail.com Location: ,Egypt       

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NFTGamingStars: The Fully Decentralized Binance Smart Chain Platform for Play to Earn Games

The future of play-to-earn games is assured by NFTGamingStars as it enables users to trade cryptocurrency directly from their wallets. They can exchange crypto assets for GS1, BNB, and other cryptocurrencies, and vice versa. Through decentralization, NFT Gaming Stars strives to maintain users’ confidence while allowing them to enjoy games, art, and the Metaverse. NFTGamingStars allows users to earn the maximum cryptocurrency while retaining more security and safety. NFTGamingStars, in this regard, unites NFTs, play-to-earn games, and Metaverse on a decentralized platform.   The Idea Behind NFTGamingStars The worlds of cryptocurrencies and video games are rapidly convergent. This ground-breaking concept has swept the virtual gaming industry, with new initiatives springing up all the time to put it to the test. The Metaverse and the NFT marketplace appear to be attracting a lot of attention. The NFTGamingStars project was started by two co-founders that were in love with the crypto world. This project was founded on the core principles of transparency, fairness, and immutability, which eliminates the possibility of fraud and allows gamers to begin earning crypto while playing games. In view of this, they want to offer a low-cost cryptocurrency trading platform that allows users to earn maximum cryptocurrency while maintaining more security and safety. NFTGamingStars has a defined vision and a strategy that they stick to, and by that the Stars Network brings together fans of NFTs, gaming, decentralized exchanges, and the Metaverse.   The Team Behind NFTGamingStars As stated earlier, this project was the brainchild of two people who have been in the crypto world since as far back as 2015. They are supported by core individuals who have very unique skills when it comes to running a project like this. It is with this knowledge and experience that the NFTGamingStars is run. More information about the team is on their official website for your attention.   The Launch of NFTGamingStars NFTGamingStars had an initial soft launch back in December 2021, which was a fully fair launch, hence there were no presales, ICO, IDO, or IEO, therefore there are no whales to dump. After the soft launch, it finally went full and hard launched on January 20th, 2022. NFTGamingStars got listed on some notable crypto sites such as Coinsbit and Azbit, to name just a few. GS1 which is their token also got listed on CoinMarketCap and CoinGecko. Marketing and promotions are still ongoing as they want to see this project grow stronger every day.   With NFTGamingStars fully launched, users can now buy their GS1 tokens directly from the NFTGamingStars website. Staking is also possible on their platform with an APY of up to 60%. There is also a limited edition of 1000 NFTS that can be purchased on the website. They are working on launching the NFTGamingStars Metaverse (MetaStars) this year. NFTGamingStars will be burning 10 million GS1 tokens every month throughout 2022 starting from March 1st. At the end of the year, it will be announced as to whether burning will continue or not.   Bottom line NFTGamingStars is a Binance Smart Chain platform where you can earn cryptocurrencies by playing games. To improve the collective experiences of customers, they want to combine blockchain and NFT technology and Play-to-earn games. The NFTGamingStars platform is built on blockchain technology, which ensures that digital assets are genuine, traceable, and immutable. If you  are a gaming fan and a lover of NFTs and have not joined the NFTGamingStars platform yet make sure to do so today

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Different Crypto Currencies And How They Work

Bitcoin alone is not a trendsetter, rather the wave of cryptocurrency also has strongly established a decentralized network for conducting peer-to-peer transactions. Cryptocurrency is the digital form of money that only runs on a decentralized monetary system and is not regulated by a centralized authority. Cryptocurrency transactions are also not raised by any formal institution in finances. Cryptocurrency trading has become infamous now and so are the numbers of new traders. If you want to learn more about cryptocurrency and crypto trading, you would want to find  crypto signals providers that is legit and reliable. What is cryptocurrency? Cryptocurrency refers to an internet-based exchange medium that uses all the cryptographic features to conduct financial transactions safely. Cryptography also leverages blockchain technology in order to gain transparency and decentralization with its functions. Cryptocurrency follows a ledger in which the transactions are made public but with limited visibility. The ledger only focuses on playing transparent and eradicates the risk associated with the spending. Cryptocurrencies are also known as virtual currencies which are developed by some private groups or individuals. Most of the cryptocurrencies do not represent the government bodies and they are considered other than alternate currencies. Its safety measures only use cryptographic protocols for codebases of extremely complex systems which have sensitive data transfer encryption in order to secure the exchange units. Considerable forms of cryptocurrency With the advent of technology and user requirements, cryptocurrency has changed to a greater extent. Present-day cryptocurrency is dependent on the versions of blockchain technology which also powers Bitcoin. Let us go through the major types of cryptocurrency along with their utility which is also designed to work like Fiat currencies. PROOF OF WORK (PoW) PoW is the form of cryptocurrency that entirely depends on blockchain technology and the concept of proof of work is to proceed with the transactions. In order to add transactions in a distributed ledger system, the nodes efficiently resolve the complexity of cryptographic patterns representing the data that has to be added. PoW also refers to a secure or self-balancing form that keeps the records extremely protected. Pros- In PoW, the proof is the follow-up procedure for verifying the remaining network associated with the transaction. Through this process, the ledger is kept valid and agreed upon by the involved parties. Cons- Its significant downside is the sheer computer power which it requires to function. Cryptocurrency relying on Pos- Significant cryptocurrency relies on proof of work including Bitcoin and Ethereum. It secures the market capitalization of $ 150 billion. PROOF OF STAKE (PoS) One of the most problematic concerns with proof of work cryptocurrencies is their lack of scalability. Hence in order to superimpose the problem, an efficient model was developed which can allow the chunks of nodes to validate the transaction. The security of the transactions is validated differently in this cryptocurrency and every note is not required to do the same. The participating nodes can use their own form of cryptocurrency in order to proceed with a transaction validation group. The interesting thing about PoS is the incentive system which performs actively and keeps things protected. Pros- It has dynamic speed which can easily split the participants into smaller groups in order to work on transactions. Cons- It can be concluded that PoS is less secure than PoW cryptocurrency In theoretical terms. Over time they are also becoming less decentralized. Cryptocurrency relying on PoS- Large numbers of cryptocurrencies are dependent on PoS blockchain systems including Eos, Tron, Dash, and so on. However, they are smaller as compared to PoW instances. TOKENS above cryptocurrencies are different because of the technology powering them, but they are not limited to it. Token in the same segment is distinct from cryptocurrency and they do not serve the general purpose of cryptocurrency. Tokens usually represent the value of assets or cash and are usually there only recognized at the places that issued them in the first place. This cryptocurrency is developed on Ethereum blockchain technology. pros- As tokens can represent the value of assets or cash, they are suitable for one-time applications guilt on existing blockchain units serving liquidity. They can also be put to use in real estate or commodity markets. Cons- They are not reliable when used for exchange medium or to convert directly to Fiat currency. Cryptocurrency relying on tokens- The cryptocurrency under the segment includes basic attention tokens (BAT) and Tether. Former is used in the form of the payment system in the recently released browser and later is used solely to value the amount under all time frames. Stablecoin This cryptocurrency is developed to provide table value storage and it does not entertain fluctuation much. They also represent a balance between general cryptocurrencies and tokens and it is built on blockchain but it is quite extended for Fiat currency as well. Pros- Stablecoin is used by the investors to tokenize the Fiat currency. It also effectively checks over the holdings in order to avoid loss. Cons- The only setback of this currency is that the holder must be dependent on the platforms that are working to keep their cash reserves stable in order to guarantee the value. Cryptocurrency relying on stablecoins- The well-known cryptocurrencies here are Paxos, TrueUSD, and Gemini. Conclusion Many cryptocurrencies have disrupted the industry out of which Bitcoin is the most popular. It is certain that cryptocurrency sometimes faces criticism because of a number of reasons including their illegal conduct or volatility. But in order to count maximum profits without indulging much with regulating bodies then cryptocurrency is the best option. Cryptocurrencies can also proceed with the transaction within no time assuring their security.    

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How to use cryptocurrency for passive income?

The cryptocurrency market is usually seen as a straightforward one where a trader earns profit from the wild price swings. But trading is an ongoing task, a tedious one, and requires the trader to be highly active.   But what if you knew another way around trading? What if you could simply buy and hodl your digital assets and yet earn more from them, without trading that is precisely what you’ll learn from this article. Apart from the below-mentioned points, you can also find the best crypto signals provider who will help you trade to earn. You can either learn to trade with them or let them handle your account.   Stake Your Coins   It goes like this; you buy crypto coins and hodl them in your online wallet and, in return, receive payouts. The tokens you hodl will be used in critical network security operations like validating the transactions.   Although not all the cryptocurrencies can be staked, only those allow running a PoS algorithm. The coins, when held, act as a value to secure a network similar to mining gears in BTC mining to obtain the coins.   Different staking platforms have different setup processes, and some could be complicated. There might be an incurring cost to stay active on the platform. A few platforms require a user to hold the coins for a fixed time, aka maturity period before they start sending you your earned rewards.   One important thing that should be kept in mind while staking is the type of reward you’re receiving. Sometimes a platform issues a token other than what’s been staked. The other tokens could be less valuable hence reducing your proportionate income. The longer a user stakes and the more is staked, the more the rewards will be.   Become a Masternode It’s like running a server but more like on a decentralized network. Though running a master node demands both time and money. A master node runs on a Proof of Work consensus algorithm that runs a few services miners can’t perform. In other words, think of the master node as a manager while staking is an executive. Reasons why setting up for master node is a tad bit costly but is highly lucrative.   If compared, master nodes reel in more profits/earning than staking. Some cryptocurrency has very high-paying master nodes along with stakes. That said, getting started with the master node is difficult as it may require an investment sometimes worth thousands. There’s one setback. Unlike staking, master nodes are only meant for more experienced and technical users, who know their way around software and codes. Furthermore, you can just set and forget your master node; it’ll require your constant attention and contribution.   Lending your asset Well, it’s probably the easiest way to earn from crypto. It’s like putting all your savings into a bank account. Bank pays interest in exchange for using your money. Similarly, a crypto platform that allows lending will pay you interest.   Such platforms take the help of an integrated AI mechanism on top of a blockchain network to handle and manage lending operations. The amount of earned interest depends on how much you lend. It’s pretty easy math, the more you buy and loan, the more benefit you’ll have in your account.   Usually, a platform has a lending and rewarding process automated for every user. A user, however, can take manual control of the parameters, tweaking settings to suit their needs best.   Margin Trade   Alright, it may not exactly be passive income, but there’s away. You may not get frequent rewards but you’ll make it up for once and for all.   Basically, margin trading allows an investor to trade at a higher amount than the investor deposited. For example, if you have an account at Binance exchange and you deposit $200, you can trade with $400. The exchange lets you open a position with leverage to multiply your gains. Say, you opened a $400 trade position with 4x times leverage advantage. If your assets grow by 10 percent, the open position will earn you 40%.   So if you opened a long-term trade with XYZ leverage, you’re bound to earn decent returns. And it wouldn’t require you to stay online or keep checking prices or the market sentiments.   Conclusion Cryptocurrencies are great modern ways to earn not only mainstream income but passive income. It only needs some research, comparison, and a bit of resources on your hand.

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Envoverse with NFT make the Climate Save

February 10th, 2022 February 10, 2022 / Envoverse is the DAO NFT initiative that wants to support the climate by donating the NFT profits to multiple impactful “save the climate” organizations.   Envoverse, a DAO NFT initiative, rides the Metaverse wave by launching NFTs with fully rigged 3D avatars, ready for Decentraland, TheSandbox, Horizon & more as popular Metaverse virtual reality platforms. These NFTs can also be used in social media, like Twitter Blue. Envoverse NFT holders get voting rights on the green fund DAO, where 90% of the money goes! The goal is to collect an impactful amount of funding via NFT sales to have a serious impact on climate saving initiatives. A five year plan is in place to fundamentally improve the climate (with partners like Plant-for-the-Planet.org, WWF or Greenpeace). The team behind it, Envolabs, is doxxed to make sure the profits go to the right organizations.   Idea behind Envoverse The crypto sector doesn’t have a good reputation concerning the environment. We want to change that by showing that NFT holders really do care, we go for Real World Impact. The carbon impact of the initial NFT minting will be neutralized by planting 500.000 trees to start with (offsetting). Each NFT can be used to walk and talk in VR and AR, importable to games & videos. Envos, as the NFTs are called, will have more and more carbon neutralizing features. It’s one of the first real 3D projects in the NFT space. The end goal is to raise $1 billion in the next years. Envolabs is destined to disrupt the donation industry online with the first NFT that aggregates value over the years with additional functionality   The team behind Envoverse Envolabs, the studio behind it, is distributed all over Europe with main offices in Switzerland and Germany. The core team are climate activists & entrepreneurs, who want to give back to society. The 3D designers of the collection also worked on big projects like Fortnite & Big Farm games, a popular mobile game. The launch The minting launch is foreseen for March 5th. Proceeded with community building, social contest, VIP whitelist & more. About To know more about Envoverse, visit the www.envoverse.com site, visit the Twitter page here: https://twitter.com/envoverse or Discord page here:  https://discord.gg/envoverse. More info on the team behind it is to be found here: https://envolabs.io/   Media Contacts: Name – Ralf Schwoebel Company – Envolabs Email – info@envolabs.io SOURCE: Envoverse

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How to Save Hawaiian Geese and Get Wealth with Grand Goose Mansion?

GRAND GOOSE MANSION is a very cozy home for cute Hawaiian geese. Each of you can release one goose or several, you just need to buy (mint) an NFT pegged to the image of the Hawaiian goose or nene. Obviously, the Grand goose mansion is a unique project of the geese metaverse, the geeseverse. In fact, it is created for people who share a love for wildlife and technology, who mint NFTs and get fabulous bonuses at first, and healthy profits later. With this project, you can not only save very beautiful birds from extinction but also get a decent reward. How about being one of the first inhabitants of one of the most unusual metaverses? With this project, you can ! How it works? Grand goose mansion is where NFTs are minted pegged to very nice and, moreover, unique images of a rare, useful, and cute bird – nene or Hawaiian goose. In total, there are 7777 birds in this flock. The magic number, right? But this is only the beginning of the charm. All geese are unique and have a cheap and most amazing design. However, geese #1111, #2222, #3333, #4444, #5555, #6666, #7777 are special. If you are lucky to purchase a token with one of these numbers, you will immediately get an additional 1 ETH. The historical maximum of this coin is over $4800. You become an investor in the most promising cryptocurrency! But there are five more Money Geese. They appeared in a vault in the Grand Mansion, where $100,000 is stored, and divided the money equally among themselves. If you are lucky and mint a Money Goose, then you will get $20,000 on the reveal day. Not bad for a start, right? And this is just the beginning. In the next couple of months, before the end of Q1 2022, the following events will take place: – airdrop for NFT holders; – metaverse (geeseverse) creation; – game and token development with utility in the game. The co-founders of the Grand goose mansion are not just having fun but are inviting us to come on this fun ride. They say: ride with us as we build a community that will stand against all odds. GEESEPAPPY and POLO23 are both successful entrepreneurs, and with the help of GGM, they are ready to be among the first to develop the metaverses technology. Building a community is the main goal of the project. And the financial framework for the community is as follows. $100k will be donated to the community DAO. And immediately within the DAO, a vote is held on how to use these funds. It is assumed that over time, the geese from the geeseverse will have a special character and utilities. Early project participants who are whitelisted and get access to the presale stage will get the maximum benefit. Presale is an early NFT sale, for which a maximum of 1000 tokens will be minted. Lucky early whitelisted investors can buy one NFT at a lesser price.The remaining 6777 NFTs will be sold during the public launch. And you can buy as much as you want and on fair terms. Don’t forget – the more tokens you have, the more influence you have in the DAO, not to mention, the more NFTs you have, the bigger your income will be if you want to sell them on OpenSea later when the community has already been created. Usually, the price after reveal increases x-times. But perhaps there is no need to sell these NFTs in the short term. The founders promise a fun and exciting journey. And not only in the geeseverse. Each GGM token gives you an option to get one free Gorilla NFT. And this is a ticket to another metaverse! And of course, every goose owner gets a ticket to the annual Grand Mansion Party. A bit more about real life and real nene, Hawaiian geese. It is, unfortunately, an endangered species. 200 years ago there were 25 thousand of them, and now – 10 times less. These cute birds may disappear altogether and remain only in zoos. But if you settle in the geeseverse Grand goose mansion, you can help the geese in real life. Immediately after the launch of the project, $10,000 will go to a zoo in Hawaii to help keep geese alive and not out of extinction. It remains only to decide how to become whitelisted, because this is a sure chance to profitably buy NFT and become a member of the community. It’s easy if you follow the Discord. You will need to have a Goose profile picture, add GGM to your discord, invite active people to the server, or complete the bounty task. Details will be announced there on Discord too. Discord is the best way to follow the progress of a project. And it always pays off, no doubt about it: on Discord you can get money and free tokens, $15,500 plus 10 free NFTs, to be precise. And for those who want to keep the process under control: go to the site https://www.ggmnft.com/, follow Instagram https://www.instagram.com/ggmnft/ and Twitter https://twitter.com/ggmnft.

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Five Unique and Great Ways to Use Your Bitcoin Cash-Out

In the modern age of the Internet, various new methods of investing are being invented. One of the most popular new-age investments is cryptocurrency. Crypto refers to virtually operated currency generated on the Internet. People use real-world money, buy cryptocurrencies, store them in wallets, and invest in them. After that, the customer sells the previously bought cryptos based on the ever-changing inflation rates. There are many types of cryptocurrencies in the current market, and, out of all of them, Bitcoin is the most famous. Seasoned investors are jumping left and right at the slightest chance of mining Bitcoin. Even newbie customers are also figuring out how to buy Bitcoin on any crypto trading platform. This virtual currency has taken the world by storm. Valuing at about $50,000 a piece, the demand for Bitcoin is rising day by day, and any Bitcoin cash-out has a huge profit for the investor. With the withdrawn cash, one can do a lot of great and unique activities. It never hurts to have some extra cash to do all the things you always wanted. So, here are five distinctive ways to use your Bitcoin cash-out: Invest in a Roth IRA An Individual Retirement Account, or IRA for short, allows tax-free withdrawals. A Roth IRA is slightly different from the traditional IRAs. In these IRAs, there is a fee on deposits, but the withdrawals after retirement are all exempted from any kind of tax. The extra money earned from investing in Bitcoin can be deposited in a Roth IRA account. This will be a huge advantage for the future. Savings and funding that can secure a person’s future are great financing options. A Roth IRA can also aid in securing food and healthcare costs. So, it is a great way to spend the Bitcoin withdrawal. Gift Some to Charity (and Claim on Your Taxes) One generous use of the extra Bitcoin cash is to donate some of it to one or more charities. Any activity related to charity is a kind one. Doing that would bring a lot of happiness to a lot of underprivileged children around the world. In addition to charity, you can also repay debts and taxes that have stacked up for some time. Excess taxes can cause a lot of problems for working-class citizens. Therefore, having some extra Bitcoin cash can resolve tax-related issues. Set up a Fund for a Future Generation You all earn money so that the future generation can live a comfortable life. Similar to setting up a Roth IRA (as mentioned previously in this list), you can set up a specific fund catering to your future family. Saving a good amount for the well-being of your children will be incredibly helpful in the future. That fund can be used for both educational and medical purposes. Saving money for the future is always a constructive idea, and providing those funds for the future generation will go a long way. As today’s children are tomorrow’s future, investing the withdrawn Bitcoin cash in their name would be fruitful in the long run. Put Down a Payment on a House or Vehicle It’s everyone’s dream to own their own house, property, and vehicle. Acquiring properties is one of the main reasons for people learning how to buy Bitcoin. A profit on Bitcoin cash-out can be immense. Use this extra cash to put a down payment on a house or vehicle you’ve had your eyes on for a while. There is no feeling better than owning your domain. This also pushes you to become independent. Currently, many people are using their invested cryptocurrency cash to buy properties. Go on Vacation to Somewhere You’ve Never Been Recreation and rejuvenation in luxurious locations aren’t out of the question any more now that you have withdrawn your Bitcoin cash. Now, with this additional cash, you can visit all the places you’ve always wanted to visit. In the holiday seasons, take a trip to whatever exotic location caught your eyes. You can rent a condo now. You can visit the beach. You can experience the thrill of visiting tropical areas in your free time. Financial problems aren’t an issue any more. Five Unique and Great Ways to use Your Bitcoin Cash- Out — Woke (@agupta25197) February 15, 2022  

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Ethereum Just Saw Key Technical Correction, But 100 SMA Is Still Strong

Ethereum failed to clear the $3,350 resistance and corrected lower against the US Dollar. ETH price is still above the 100 hourly SMA and it could rise again to $3,350. Ethereum seems to be facing a strong resistance near $3,350 and $3,380. The price is now trading above $3,200 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $3,180 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase as long as it is above the $3,150 support zone. Ethereum Price Rally Fades Ethereum made another attempt to gain strength above $3,300 and $3,320. However, ETH price failed to continue higher above $3,350 and started a fresh decline, similar to bitcoin. The price broke the $3,300 and $3,250 support levels. Ether traded below the 50% Fib retracement level of the upward move from the $3,142 swing low to $3,348 high. The price even spiked below the $3,200 support and the 100 hourly simple moving average, but the bulls were active. The price found support near the 61.8% Fib retracement level of the upward move from the $3,142 swing low to $3,348 high. There is also a crucial bullish trend line forming with support near $3,180 on the hourly chart of ETH/USD. It is now trading above $3,200 and the 100 hourly simple moving average. An immediate resistance is near the $3,250 level. The first key resistance is near the $3,285 level, above which the price could accelerate higher. Source: ETHUSD on TradingView.com The main resistance is now forming near the $3,350 level. A clear break above the $3,350 resistance might open the doors for a steady increase. In the stated case, ether may possibly rise towards the $3,420 level. Downside Break in ETH? If ethereum fails to continue higher above the $3,250 and $3,285 resistance levels, it could extend its decline. An immediate support on the downside is near the $3,200 level. The next major support is now forming near the $3,150 zone. A downside break below the $3,150 support zone could spark a sharp decline. In the stated scenario, ether price could revisit the $3,065 support region. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now just below the 50 level. Major Support Level – $3,150 Major Resistance Level – $3,285

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Bitcoin

Bitcoin Fails Again, Why BTC Remains At Risk of a Larger Decline

Bitcoin price failed to surpass the $49,000 resistance against the US Dollar. BTC is sliding and it could even break the $46,500 support zone. Bitcoin is slowly moving lower from the $49,000 resistance zone. The price is now trading well below $48,000 and the 100 hourly simple moving average. There was a break below a key declining channel with support near $47,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate further lower if there is a break below the $46,500 support zone. Bitcoin Price Breaks Support Bitcoin price struggled to clear the $49,000 resistance zone and started a fresh decline. BTC traded below the $48,500 and $48,000 support levels to move into a short-term bearish zone. There was also a break below a key declining channel with support near $47,500 on the hourly chart of the BTC/USD pair. The pair is now trading well below $48,000 and the 100 hourly simple moving average. It tested the $46,700 zone and it currently consolidating losses. An immediate resistance is near the $47,150 level. It is near the 23.6% Fib retracement level of the recent decline from the $48,736 swing high to $46,697 swing low. On the downside, the price is finding bids near the $46,700 level. Source: BTCUSD on TradingView.com The next key support is near the $46,500 zone. If there is a downside break below the $46,500 support zone, the price might continue to move down. The next major support is near the $46,200 level, below which the bears might even aim a test of $45,000. Fresh Increase In BTC? If bitcoin stays above the $46,500 support zone, it could start a fresh increase. An immediate resistance on the upside is near the $47,150 level. The first major resistance is near the $47,750 level. It is close to the 50% Fib retracement level of the recent decline from the $48,736 swing high to $46,697 swing low. The main resistance is near the $48,250 level and the 100 hourly simple moving average. A clear break above the $48,250 level could set the pace for more gains. Technical indicators: Hourly MACD – The MACD is gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is well below the 50 level. Major Support Levels – $46,500, followed by $45,000. Major Resistance Levels – $47,750, $48,250 and $49,000.

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coinedict

Daikokuten: A Crypto To Help With Financial Crisis In This Pandemic

What is Daikokuten Sama Finance?  Daikokuten Sama Finance is an initiative supporting global financial growth and wellbeing with a community-driven approach. It has aimed to empower each and everyone associated with it to be in control of their money and make progressive decisions for their future. With the context of focus being financial independence by What is Daikokuten Sama Finance?  Daikokuten Sama Finance is an initiative supporting global financial growth and wellbeing with a community-driven approach. It has aimed to empower each and everyone associated with it to be in control of their money and make progressive decisions for their future. With the context of focus being financial independence by paving ways to create wealth opportunities.  The $DKKS is a deflationary token that has a 10% tax on every sale.  The problems in today’s finance The pandemic has robbed people of their jobs and many are receiving pay cuts without incentives. As we are in the middle of an economic crisis, we have to look forward to a proactive solution that will sustain the technology of the future. There is a need to bring in passive income streams and dynamically invest for the future.  The solution by Daikokuten Sama  Daikokten Sama ($DKKS) was launched in August 2021, with an intention to provide people with passive income to get them through this financial dip. This project will help people be financially independent and will help them exercise self-control. Being a symbolism of the God of Luck who is also the leader of the 7 Japanese Gods, Daikokuten Sama finance is set to do something really good.  Features of Daikokuten Finance Marketplace In the inbuilt marketplace of Daikokuten Finance, people can use $DKKS to purchase goods and services.  Education  The community will also get free educational content with high quality.  Finance  The finance platform of Daikokuten Finance is a place to trade and swap coins and tokens. There are also flash loans, staking and NFTs.  It also rewards weekly and monthly with the Daikokuten lottery. The company has also partnered with sports and music channels. There is a built-in platform to play games and earn NFTs.  To know more about Daikokuten, visit: https://www.daikokuten.finance/ Join their Telegram Community – https://t.me/dkks_news 

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What Is MEV? Ethereum's Invisible Tax Explained

What Is MEV? Ethereum’s Invisible Tax Explained

Key Takeaways MEV stands for “Miner Extractable Value” or “Maximal Extractable Value.” It refers to the extraction of value from Ethereum users by reordering, inserting, and censoring transactions within blocks. MEV is one of Ethereum’s biggest issues, with more than $689 million extracted from users of the network year-to-date. Share this article By leveraging their discretionary power to sequence transactions within blocks, miners can extract value from decentralized application users on Ethereum, greatly diminishing the user experience and threatening the stability of the network. MEV, The Invisible Tax On Ethereum Users MEV is an abbreviation of “Miner Extractable Value” or “Maximal Extractable Value.” It refers to profits that can be made by extracting value from Ethereum users by reordering, inserting or censoring transactions within blocks being produced. It typically affects DeFi users interacting with automated market makers and other apps.  Interestingly, the problem of MEV in Ethereum was first identified in 2014—a year before Ethereum launched—by an analyst coder and long-time algorithmic trader operating under the pseudonym Pmcgoohan.  Horrified by what happened in 2008 and the outfall of the global financial crisis, when Pmcgoohan first heard about Ethereum and the idea of a programmable blockchain promising distributed and equitable markets, he became enamored. To use his own words, it “blew his mind,” and he was “so excited about it,” but when he looked at Ethereum’s pre-Genesis draft documents, he was taken aback to find a critical flaw. Pcgoohan recognized that miners had total control of the transaction inclusion and ordering process, which meant that they could leverage this power to extract value from unsuspecting users of the protocol went it went live.  While some instantly recognized the shortfalls of Ethereum’s proposed design, Pmcgoohan was, unfortunately, ahead of his time, and his warning fell largely on deaf ears. That is until, in 2019, a group of researchers highlighted the issue by publishing a paper called Flash Boys 2.0, where the “MEV” term was first coined to describe the problem Pmcgoohan had referenced years earlier. Subsequently, Georgios Konstantopoulos’ and Dan Robinson’s Ethereum is a Dark Forest, and Samczsun’s Escaping the Dark Forest articles, published in Aug. and Sep. 2020 respectively, cemented MEV as a fundamental concept in crypto-economics and highlighted its importance as one of the most challenging and pressing issues the Ethereum research community faces today.  These texts revealed that MEV was not merely a theoretical issue, but a real phenomenon already occurring at a significant scale with concerning consequences for Ethereum users. Why MEV Occurs In Ethereum, miners are responsible for selecting and aggregating transactions into blocks. Crucially, they have full autonomy in deciding which transactions from the mempool—an off-chain space where pending transactions await confirmation—they’ll include in the blocks they mine.  As miners, validators, and sequencers optimize for profit, they tend to select and order transactions by the highest gas price or transaction fees. However, the protocol does not require transactions to be ordered according to fees. Miners can leverage their discretionary ability to reorder transactions to extract additional profits from users. This “irregular” stream of revenue is MEV.  Although MEV is most frequently associated with miners, it is neither a Proof-of-Work nor an Ethereum-exclusive issue. Moreover, “miner extractable value” is a somewhat misleading term. In reality, the majority of MEV extraction today comes from so-called “searchers”—usually arbitrage traders and bot operators—actively seeking and identifying MEV opportunities on-chain and capturing them in different ways, whereas miners only indirectly profit from these traders’ transaction fees. MEV exists on all smart contract-enabled blockchains with a party responsible for transaction ordering, including validators in Proof-of-Stake-based systems like Ethereum 2.0 and rollup providers on Optimistic Rollups. Understanding the MEV Game  The best way to understand the MEV game is to look at it through the lens of the key players, including miners, searchers, users, decentralized applications, and protocol developers. The miners or block producers are responsible for sequencing transactions and deciding which transactions to include in blocks and in what order. Miners can profit from the MEV game in two ways: first, by selling scarce block space to non-miner MEV extractors through so-called Priority Gas Auctions (PGA) in exchange for exorbitant transaction fees, and by capturing MEV directly through reordering, including, or censoring transactions to profit from on-chain liquidation or arbitrage opportunities for themselves. MEV also involves the end-users, such as people taking out on-chain loans or trading on decentralized exchanges. Users are the most exploited party in this game as they emit some amount of value that can be captured by miners and non-miner MEV extractors. Decentralized applications and protocol developers play an auxiliary role. The former create MEV opportunities through their design and the incentives they produce, while the latter establishes the game’s base rules such as giving block producers power to sequence transactions, which is what makes MEV possible.  Finally, central to the MEV game are the searchers or the DeFi traders and bot operators who seek to identify MEV opportunities and capture them in different ways. The two primary ways searchers participate in the MEV game are by bidding exorbitant gas prices in on-chain PGAs to have their transactions strategically placed at specific positions within blocks by miners, and by expressing transaction ordering preferences to miners off-chain using novel MEV extraction tools like Flashbots. The Searchers’ Typical MEV Extraction Process Searchers start their MEV journey by monitoring the Ethereum blockchain using bots and automation tools for potential profit extraction opportunities. When they spot an opportunity, searchers analyze the logic behind the trade, conceptualize the attack vector, and create a bundle—one or more transactions grouped and executed in the order they’re provided—designed to materialize its MEV extraction goal when mined. Searchers’ transaction bundles can refer to other users’ pending transactions in the mempool and target specific blocks for inclusion. Once a bundle is created, a searcher will usually send it to a miner using off-chain networks like Flashbots’ MEV-Geth. This allows them to avoid the public transaction pool and express their transaction ordering preferences fast and risk-free (they save on gas…

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