March 1, 2021
What is Parachain?
When will Parachain Launch?
· Rollout over Major TestNets
· Slot Auctions for Kusama Roll-out
· Live Offerings of Common-Good Parachains
February 26, 2021
Are you following crypto for quite a while, but afraid to invest? What if I tell you there are ways through which you can start your crypto account, that too for free? Yes, you heard us right. There are several ways through which you can earn free crypto in 2021. All you will need is a little knowledge and that’s pretty much it. This article discusses 5 methods to earn free crypto.
Free crypto is, not something everyone can earn. But if you know the right means that’s another story. So, presenting you 5 ways through which you can get free crypto:
An airdrop is like a free care-package filled with crypto coins. These are then sent to random addresses. Several cryptocurrencies run Airdrop campaigns. They do this to get publicity and it works more like a marketing strategy. Airdrops might be the easiest way to earn quick bucks in crypto. There are tens and hundreds of airdrop campaigns running on various websites. Some require you to put-in KYC or id proofs, while some just want your wallet address. Submitting identity proofs on random websites is not something we recommend. Unless you are sure that Airdrop is legit and it cannot cause you any damages.
Working in a Crypto related Job
Alright, this is another good way to not only get good crypto but also create a passive income stream. Working with crypto does not require you to be a certified programmer. There are many other works you can do and get paid in your favorite cryptocurrencies.
There are jobs like community manager, marketing agent if you are an enthusiast. While you can also be a content writer or a customer care executive. You can fulfill a range of works and get cryptocurrencies in exchange.
Another good way is to start affiliate marketing. Referring to people on community portals, or through social media is a good example. You also refer people to new projects and if they invest in it, you earn a commission, simple. This is almost like any other referral-oriented affiliate job. If you get someone to invest via your affiliation you will get a certain amount of referral fees.
Coinbase Learn & Earn
This might be the most underrated method to earn free crypto. It is also a very good way to start learning about crypto if you have only a little knowledge about it. It is a learning program run by Coinbase. Also, it lets you learn about crypto while you also earn them in the process. So, Coinbase has many videos on its platform. All the videos are about cryptocurrencies. And you can earn free coins in exchange for completing each video. You simply need a Coinbase account. It will also require an invite to Coinbase Earn as it’s an invite-only program.
It is a blockchain technology-driven social media platform. Here you get rewards for sharing content. Every upvote beyond a limit will give you good rewards. Users can get paid in cryptos like STEEM, Seem Dollar, and also Steem Power. What’s more, you can also transfer there to any exchange that supports STEEM.
February 25, 2021
On February 23, CoinEx revealed that it has successfully burned 1.08 billion CoinEx Token (CET). These tokens were actually for allocation to the team that works at CoinEx. Many exchanges started following this team token strategy. It became a means to boost the team’s morale and did wonders in terms of marketing. Sources have revealed that this CET burn is the highest of all time by this exchange.
What is CET?
In 2018, CoinEx launched a privilege & service-oriented token. This token provided extra value to the holders and gave them special recognition. Traders could use it for purchasing cryptocurrencies at discounted trading rates. Soon after CoinEx started burning CET at a rapid pace to increase its scarcity. Which yielded extra returns to CET holders. That’s not all, holders of CET tokens are also given many other trading privileges and discounts.
A person with more than a given CET becomes a VIP on CoinEx. This attracts many benefits. Users get multiple discounts, more withdrawal limits, and also a dedicated customer portal. CoinEx’s motive behind this is to encourage holders to hold their tokens for the long-term.
Why did CoinEx Burn CET?
In the world of cryptocurrencies, the meaning of burning is very different. The term burning means sending a usable token into a sealed account. This not only removes that token from the supply, but it also increases their scarcity. To better understand this concept, you can relate it with “buying back shares.” The effects of both the situation are similar on the company that is buying back its shares.
By burning CET CoinEx will reduce the total number of tokens in supply. This makes the remaining tokens that are in circulation more and more valuable. This results in generating a positive return for holders of CET.
How is it Done?
On July 1, 2018, CoinEx decided to invent the burning of CET. They planned to quarterly re-purchase and burn CET at regular intervals. They use 50% of their daily profits from fees to re-purchase CET from the secondary market every day. Then they burn it each quarter. They plan to repeat this cycle until the circulation reaches 3 billion CET.
Although this plan was not so successful at the early stages. But the burning plan has shown a massive increase in their revenues recently. They also have a public portal where everyone can check the live stats of CET.
What is the Current Circulation of CET?
After CoinEx burned 1.08 Billion CET, 4.34 Billion CET are circulating remaining. This accounts for roughly 115 Million USD in market capitalization. In addition, the current burning by CoinEx far exceeds the total mined output of this token. This means it is already in the state of deflation that can yield high returns for investors.
CoinEx is a Hong Kong-based global crypto exchange which started in late 2017. CoinEx runs on a proprietary trading system. As it helps in providing a fast, secure, and easy-to-understand crypto trading platform. The seed funder for this exchange was a Bitmain-led investor. It is also a subsidiary of the crypto giant ViaBTC group which runs the largest BCH mining setup in the world.
February 16, 2021
About SiGMA Foundation?
Overview of the services covered by SiGMA
February 15, 2021
What does the Blockchain firm aim to achieve?
Will this benefit other people?
a development project that plans to build a smart city and an innovation zone is a better option. This was also what Steve Sisolak had to say in his state address of January. He said economic development needs a revamp. And these innovation-zones and blockchain LLCs are an integral part of that.
How did the Nevada Government react to this?
February 13, 2021
What is the meaning of Maximalism?
Who is a Bitcoin Maximalist?
Why Maximalists Love Bitcoin?
- No need for permission:
- No confiscation required
- Self-sovereign bearer asset
- Capped from inception
Does Maximalist affect the Bitcoin market?
February 10, 2021
How did the Market react to this?
Why did Tesla Invest in Bitcoin?
- The first reason was to create an alternate cash reserve in the form of digital assets. As Tesla announced to hold and acquire more digital currencies like BTC.
- Also, they wanted to accept payments via Bitcoin. So, they bought a certain amount of BTC to create a friendly ecosystem for buyers.
Was this Elon Musk’s Plan all-along?
February 3, 2021
Elon Musk has worn several hats successfully in the entrepreneurial zone. Elon founded several successful companies and has also been the CEO of a few of those. He is the co-founder of SpaceX, Neuralink, The Boring Company and other. Also, he is serving as the CEO and product architect of Tesla. He is also the chairman of SolarCity.
Elon’s Bitcoin Views
Bitcoin soared by 20% on Friday, which is the after-effect. The turning point was Elon’s mention of Bitcoin in this Twitter profile. This turned the tides for the cryptocurrency market. This move established that Musk is extending his support for Bitcoin. Bitcoin price acknowledged the support.
In a recent interview, Musk spoke about his views on Bitcoin and the future of cryptocurrency. The interview was live on a popular chat show. He gave the interview on the Club House app on Sunday. Elon said that Bitcoin is a good thing at the present moment. He mentioned that he supports Bitcoin. Elon also added that many of his friends suggested him and tried to convince him to invest in Bitcoin. After that, he told that his friends are asking for his involvement in Bitcoin since a long time. He thinks that Bitcoin is going to get broader acceptance soon. Moreover, he mentioned how people are now getting used to this form of currency.
His past related to cryptocurrency
He talked about his past stories where people asked him to invest in digital currency. After that, he spoke that one of his friends also offered him Bitcoins back in 2013. He showed his disappointment that he did not expect the offer at that time. Regarding this, he said that he should have at least bought a small amount eight years back. He noted that he is late for the party in this aspect.
Bitcoin status in the financial world
Bitcoin is trending across the globe currently. The peak reached in Jan when it crossed the 40,000 levels. On Monday evening, the price of Bitcoin was more than $33,000. Many investors and businessman see a potential future in Bitcoin and other cryptocurrencies. Many institutions are starting to accept the digital currency. Elon Musk gave his views on the acceptance of digital currency by large institutions. He said large institutions like MassMutual and PayPal are accepting digital currency recently.
Elon’s opinion on other cryptocurrencies
Elon got questions about other cryptocurrencies. He said that he does not hold any strong opinion about cryptocurrency. However, he had tweeted about Dogecoin previously. He also referred to Dogecoin as his favorite digital currency in one of his tweets in 2019. Elon said that he makes fun of Dogecoin some times. However, it is only for jokes and nothing else. He showed his interest in cryptocurrency. In addition, he feels that digital currency is going to take over the future. He said that Dogecoin was there to make fun of cryptocurrencies.
February 2, 2021
India’s stand on Bitcoin and cryptocurrencies
Recently, Bitcoin prices are touching the sky. Many other cryptocurrencies are also flourishing wonderfully. This is a big boon to the crypto world. India never had a proper stand, when it comes to cryptocurrency. The country was neutral for cryptocurrency. India neither supported nor proposed a ban for Bitcoin or cryptocurrency. The state of cryptocurrency is very uncertain in India.
India’s plan to ban crypto
Recently, news came that India is planning to ban cryptocurrency. Planning is going on to introduce a law for this. So, there will a law in place that bans all the private cryptocurrencies like Bitcoin and others. In the current budget, the lower house published this report. In the report, it says to prohibit all cryptocurrencies in India. However, certain exceptions will be present. With this, they want to promote the blockchain technology of cryptocurrencies. They are planning to exploit the uses of digital currency as well.
It will have an adverse effect on the economy. As crypto is booming recently, people could cash on this opportunity. The panel suggests banning all private cryptocurrencies and proposes punishment for offenders. As per the panel, the punishment will be 10 years of jail imprisonment. As per RBI, this step was necessary to stabilize the financial ecosystem of the country. The central body also told that it does not consider crypto as a currency and provided its reasons. It is not in paper or metal coins, so it does not have any physical existence. Another reason is it is not certified by any government agency. So, the Indians will lose the funds they invested in cryptocurrencies.
New plans to launch its own digital currency
After banning all private cryptocurrencies, the panel proposes a new idea. In the recent budget session, the new idea of creating a digital currency got presented. RBI will own and govern and make laws for this. This will be India’s official digital currency and RBI will issue the currency. So, primarily, India is planning to launch its own currency. Hence, it is creating the path for success for its currency.
CoinDCX is a cryptocurrency exchange established in India. Sumit Gupta is the CEO and co-founder of this crypto exchange. He says that the Government is taking steps to ban crypto in India. However, he believes that the government will listen to the crypto holders’ concerns. Before taking any major decision, the government will consider the stakeholders’ concerns also. He added that they will be talking to other stakeholders in this regard. They will start communicating with the government panel in this context. The target would be to build a better economy that will help in the country’s growth.
January 30, 2021
Recently, there is multiple news on the scams happening across the world. Cryptocurrency is a hot property currently. There are a lot of scams and frauds associated with it. Multiple ways developed to steal the cryptocurrency. They are hacking, phishing, SIM jacking, scams, extortion, and many more. Fake websites, calls from impostors, too good to believe offers are also threats. You need to have an approach to ensure maximum fund security. Check out the below ways for best results:
Your wallets should have a renowned origin
There are a lot of businesses claiming to provide secured crypto wallets. Many companies are providing too good to believe offers for crypto-wallets. So, it is better to choose a crypto wallet from a reputed and well-known company.
Perform some research
There is a range of different wallets available currently. There is a range of benefits too. Some are hardware, some are software and other types are also present. So, you need to check the things that suit you best before going for a wallet. Of course, security is definitely a major concern.
Better to keep your coins in a cold wallet
It is advisable to keep your crypto coins in a hardware wallet. It prevents the risks of getting hacked or stolen by fraudsters and hackers. So, please keep a small number of your coins in the exchange or software wallet. Experts say that online wallets are more susceptible to fraud and scams.
Don’t keep all the funds in one place
It is better to keep your cryptocurrencies in different places. Keep some in a hardware wallet. Keep some amount in the exchange for trading. If any malware attack happens, then you will not lose all your money. So, please don’t keep your funds in one place.
Keep the private keys safely
Private keys are important for cryptocurrency. Moreover, you should not share your private key with anyone. So, make sure to have the private keys in a very safe place.
Create alternative storage for private keys
There should be alternative storage for your private keys. Keep the private keys in a wallet (preferably hardware wallet) or cloud. If anyone’s service does not work, you have a backup in an emergency.
Keep strong passwords
The wallet’s protection is very essential. Your password should be hard to guess. Therefore, lesser chances of hacking. Hackers use sophisticated tools to crack the passwords. Please avoid using common passwords.
Use secured networks
Please use secured and private networks. You should use a secured network while trading with cryptocurrency. Please avoid public networks or Wifi, as hacking is a threat at any point in time. Also, use your personal computer to do such transactions.
Keep your investments private
Keep your investments and private accounts a secret. The information related to your investments should be private. Avoid discussing this information with others.
Don’t get involved in huge trades
Always try to conduct small trades. Avoid doing huge trades at once. Bigger trades means greater risks. So, make it small and simple.
These are the ways to keep it safe and secure. But you have to first choose the right wallet so that you could prevent hackers.