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  • Top Cryptocurrency Mistakes to Avoid in 2022

    Top Cryptocurrency Mistakes to Avoid in 2022

    As a newcomer to the crypto space, there are some basic mistakes that you are destined to make if not warned. These are errors that happen for reasons like the nature of the technology versus centralized systems or even simple human errors. In the blockchain sector, your transactions are final on the vast majority of networks. As such, you need to be sure of your actions and confident in your strategy. Here are some of the top crypto trading mistakes to avoid in 2022.

    There are a lot of reasons why someone would enter the blockchain sector. It provides the world with more transparency and an open financial system that can accommodate the billions of unbanked and under-banked individuals in the world. It also empowers users to retake control of their financial destiny.

    The Tortoise Beats the Hair

    Sadly, there are a large number of new traders that get involved in crypto thinking they have found a get-rich-quick scheme. It doesn’t take long before they learn the error in their ways. If you enter the market with this mindset, you will have shaky hands and more than likely lose due to irrational and emotional decisions. 

    You will always see higher success going with a long-term strategy in the crypto market. As part of this approach, you need to focus on securing passive income. Passive income is profits you secure from past efforts. In the traditional fictional sector, you can think of income like royalties, residuals, and rents as the best options. 

    Passive Income

    In the blockchain sector, it’s much easier to gain access to passive income. There are low-risk options available to users such as staking, farming, and high-yield savings accounts. All of these options enable users to generate wealth with minimum risk to their original assets. 

    The best DeFi networks will provide you with compounding returns. This term simply means that you will receive rewards in the same token that you use to generate them. You can then take these rewards and add them to your original passive income strategy to improve wealth generation considerably. 

    Forgetting Your Private Key

    This next warning may seem obvious but it’s still worth mentioning, losing your private keys. Blockchains provide the advantage of direct P2P commerce. However, they are structured to put you directly in charge of holding your tokens. This setup puts you in charge of holding on to your private keys.

    In the event you lose these keys, there is no way to access your crypto. There has been as many as 3 million Bitcoin lost to basic errors like this over the last 13 years. The internet is filled with stories of billions in Bitcoin lost due to a person throwing out or misplacing their private keys.

    You can avoid this threat by following some basic key protection tips. First, never give your private key to anyone. If you do, you gave them your crypto. Also, never take photos of your private key and keep them on your phone or email. You need to write the key down or store it in a fire-safe method to increase your protection against pointless losses.

    Inflation is the Enemy of Savers 

    Anyone who seeks to gain financial freedom needs to understand that inflation is the enemy. Inflation is a loss of buying power from a currency. It’s a real problem today for fiat currencies and many cryptos. There are a few reasons that drive inflationary risks. For one, bad monetary policies like over-printing can increase supply and lower overall demand and value.

    It makes no sense to save an asset that decreases in value over time. As such, you want to stick to crypto projects that have anti-inflationary protection. For example, META 1 leverages a basket of self-appreciating gold-related assets to decouple from the volatility of the crypto market. This reserve drives the project’s value up as the demand for gold increases. 

    Not Understanding the Technology

    Another common mistake that traders make is they start trading projects they don’t understand the technology behind. If you plan to open up your crypto trading app and look at the three-letter abbreviations of projects and make informed trades, you’re in for a big surprise.

    When you take the time to learn the technology behind the tokens you trade, it becomes easier to see what platforms have longevity and profitability. When new traders don’t understand the technology, they are susceptible to scams and thieves. Think of it like there is a pack of crypto scammers circling new traders waiting for them to make a mistake.

    For example, at the very least you need to understand what a blockchain network is and what makes it a better alternative to centralized solutions. You should also understand basic security protocols like, never giving out your private key. 

    Trading More than You Can Afford to Lose

    Another common mistake made by new traders is getting overly confident and trading too much at a time. The crypto market is still new and when you are training, it’s common to rely on third parties and explore new projects. These ventures can prove to be fruitful or catastrophic depending on your approach. 

    Never assume that a new network is 100% safe. Its better to start off trading with a minimal amount of crypto to get used to a network’s features and services first before moving up in scale. The general rule of thumb is to not trade more than you’re ok with losing. This approach will ensure that you never go home empty-handed. 

    Not Learning Trading Tools

    Along the same line of thought is another common error made by new users, not taking the time to learn all of the trading tools. Today’s professional traders have a major advantage over the new user. They have tons of tools, charts, and even trading bots to help them stay ahead of trends and prevent losses.

    You don’t want to remain stagnant in the market. As such, it’s best to take your time and invest in yourself. The more trading tools you master and the higher the chances your ROI improves. Tools like trading bots can help you remain connected and responsible for market movements 24/7 without delays. 

    Sending Crypto to the Wrong Address

    Another major issue for new users is the miss sending of funds. When you send your crypto to another party, it’s a direct peer-to-peer transaction. This design means that there is no middle party to block, censor, alter, or refund your payments. As such, it’s critical that you always triple-check the recipient address on all of your crypto transactions. 

    The internet is filled with stories of people losing thousands in crypto from this simple mistake. In some instances, they sent the funds to a wallet address that was already saved in their previous payments cache. In other instances, the crypto was lost forever because it was sent to an address that was non-withdrawable which burned the tokens. In either case, this is an easy error to avoid. The best way is to use 3d barcodes and recheck the address before you press send.

    Getting Obsessed with One Project

    When the crypto bug gets you, it can be easy to get fixated on one project. The crypto market is a diverse and expanding space. There are all types of new projects, services, and protocols, entering service weekly. You don’t want to limit your exposure to new projects because you are locked into a single platform.

    For example, if you hold Ethereum, it’s ok to hold AVAX, DOT, EOS, META 1, and any of the other smart contract programmable networks. The goal of your crypto strategy should be to secure your financial future. Getting locked into one project could make you miss other awesome opportunities that are available right in front of your eyes.

    Not Factoring in All Costs

    When you decide to become a crypto trader, there are some basic costs that you will need to consider. For one, the main cost will be your time. If you don’t have the time to learn about the market, its history, and the projects that interest you, you shouldn’t start trading yet. Depending on your trading strategy, you will need to devote many hours to learning strategies and market analysis. 

    The next cost to consider is your trading fees. CEXs (centralized exchanges) like Binance and Coinbase provides a familiar and easy onboarding process. Owever, they will have more fees than most DEXs.

    Not Understanding the Local Tax Laws

    Another major issue that should not be overlooked is taxes. If you live in an area that requires you to report your trades, you need to abide by these laws. If you don’t report your earnings you could have the tax man knocking on your door to conduct an audit. 

    Missing Easy Passive Income Streams

    Another mistake made by many new traders is not taking advantage of the growing number of passive income services provided by DeFi platforms. Features like staking and farming enable you to secure passive rewards without giving up ownership of your digital assets. 

    There are entire networks built around wealth generation today such as the META 1 Coin. Users can stake, trade, and even secure 10% APY when they use a META VAULT savings account. The best part about these services is that they are completely open to the public regardless of your country, race, or political affiliation.

    Getting Caught Up in Social Media Hype

    Another major issue for new traders is avoiding all the hype. You need to get involved in the discussion via social media to stay up to date on the latest and greatest, plus market movements and insight. However, you need to always be on guard as there are groups that prey on new crypto traders that they source exclusively from networks like Facebook and Twitter.

    These scammers will use FOMO (fear of missing out) to make you believe that if you don’t join a particular project right now, you are going to miss out on a huge payday. As you could imagine, these paydays only come for scammers as the users are left high and dry. To avoid these issues, you need to take a balanced approach and cross-reference all data you get from social media channels to ensure accuracy,

    Privacy is Another Factor

    It’s impossible to open a bank account using centralized systems without the “proper” documentation. These systems were tightened up considerably following the 9/11 attacks and the restrictions were never lowered. As such, you need to verify your identity to gain access to the most basic financial features such as a savings account.

    The problem with all of these requirements is that they are just not possible for a large percentage of the world. People like refugees, those from underdeveloped regions, and the poor are left out. Reports have shown that there are billions of people around the world who remain unbanked due to reasons like this. This disenfranchised population can avoid these headaches by participating in the digital economy.

    When you open a DeFi account with the META VAULT, you simply need to connect your wallet. Once linked, you gain complete access to the network’s systems. You can monitor all transactions using a blockchain explorer in real time. You can also secure passive rewards to build wealth.

    More Rewards for Everyone

    When you eliminate the central party and replace it with regular users, the entire community can then prosper. DeFi networks like META 1 take a portion of fees and redistribute them to their users in a variety of ways. This structure makes them more profitable for the average user versus centralized options. Additionally, the open nature and overall wealth-generation options provided to users makes META 1 a smart choice for anyone looking to beat inflation and create long-term wealth.

    New Traders Become Pro Traders

    Take these tips and progress your crypto skills to the next level. The market is on the verge of another adoption push. Technologies like DeFi continue to drive blockchain adoption to new heights even as the market corrects. Use this guide to help you avoid the most common mistakes that keep new traders from reaching their goals in 2022.

  • META 1 Remains Stable During FTX Meltdown

    META 1 Remains Stable During FTX Meltdown

    The crypto market continues to suffer massive losses due to FTX filing bankruptcy after locking customers from withdrawals. The news of one of the largest exchanges in operation crumbling has sent shockwaves reverberating through the market with most projects taking major losses. Here’s what is known regarding FTX and how you can protect your wealth during this downturn.

    High Profile Losses

    Notably, the FTX crash can be considered the highest-profile collapses seen in a couple of years. The platform was massive and had recently been valued at $32 billion in January 2022. Despite its excellent valuation, behind the scenes, FTX was falling apart. Sadly, all of this behind-the-scenes chaos is just now coming to light as the exchange appears to be short billions of dollars on its balance sheet.

    The revelations began to surface after the platform spooked its users which caused a run. Suddenly, a flood of clients sought to withdraw their crypto from the exchange in a hurry. This run and subsequent collapse have many analysts calling this crypto’s “Lehman moment”. The reference is meant to correlate the size and effects of such a massive failure across the market.

    Cryptocurrency Exchange

    FTX wasn’t a small fish in the crypto ocean by any means. The exchange was ranked fourth in the entire sector in terms of daily trading volume. Additionally, it was backed by some heavy hitters in the market including BlackRock and Sequoia Capital.

    FTX Exchange

    FTX has been a major player in the crypto market ever since it entered service in 2017. The network found instant success due to its notable developers and backing. Additionally, the system was packed with helpful features that improved the trading experience.

    FTX was founded by Bankman-Fried and Gary Wang. Bankman-Fried was a recognizable figure in the market for many reasons. This 30-year-old entrepreneur now finds himself under the magnifying glass as multiple regulatory agencies are investigating his company for misuse of clients’ funds.

    Despite the heat, when asked about the bankruptcy filing he stated “I was shocked to see things unravel the way they did earlier this week.” His firm is now short billions in client funding with more losses and hacks coming to light since the filing. Here’s what the bankruptcy filing has shown so far.

    Bankruptcy

    Earlier this week FTX’s CEO and founder resigned amid a flurry of allegations. The platform then handed control to John J. Ray III. He is a well-known corporate bankruptcy attorney. Notably, he has handled other high-profile bankruptcies including the Enron Corp fiasco.

    According to the filing this week, FTX has a massive $8bn deficit on its balance sheet. Additionally, further investigation shows that there are still around $1 billion in customer funds that are unable to be located. It’s these missing funds that have regulators pulling out the magnifying glasses with many accusing Bankman-Fried of using clients’ funds to fund other projects and his lavish lifestyle.

    In light of the sheer size of the losses, the Bahamas Securities Commission announced that it has begun a criminal investigation to unearth any potential misconduct on the part of FTX staff. This task falls on the Bahamian government as FTX moved its headquarters from Hong Kong. It’s this move that has some wondering if there was a long-term maneuver at play here.

    Let’s Look at the Facts

    When you break down the sequence of events that led to this collapse, some contributing factors shouldn’t be ignored. For one, there is a pattern of bad accounting practices that helped FTX officials spend and lend funds without oversight or community knowledge.

    According to company revelations, the developers built special back doors into the operating system to enable executives to transfer funds without raising any attention from the community. Now, the platform claims that anywhere from $1-2B in funding has disappeared.

    Bad Loans

    One of the main reasons why FTX is now down for the count is bad lending practices. It’s becoming all too common to see crypto exchanges take clients’ funding and use it to bolster other projects without consent. In these instances, FTX used its Alameda Hedge Fund to lend billions of dollars to other startups. Specifically, reports show that around $10 billion in funds migrated from FTX to Alameda over the last couple of years.

    Stolen Funds

    Another loss has come to light over the last few days as developers now claim a hacker made off with $473 million in crypto assets. The firm’s CEO, John Ray, took to social media to confirm the attack, losses, and remedies. In a public statement, he said that the firm took “precautionary steps” once they notice the attack which led to the discovery of multiple unauthorized transactions.

    Notably, the developers have patched the attack vector to prevent further losses. Additionally, the platform moved these funds to cold storage. Cold storage is the best option for saving crypto because it keeps your holdings offline. Most crypto exchanges leverage a combination of cold wallets and multi-sig wallets to prevent unauthorized withdrawals.

    FTT

    Another issue that led to FTXs demise that can’t be overlooked is its use of FTT tokens to bolster its balance sheet. It’s becoming an issue for exchanges to use their tokens as part of their reserves. The main complication is that the value of these tokens is that they can drop very quickly upon any negative revelations regarding the exchange. As such, networks that use this accounting structure are subject to massive losses when issues come to light.

    Binance Was Set To Rescue

    The world’s largest CEX (Centralized Exchange) by trading volume, Binance, was set to step in and bail out FTX. The agreement was posted by FTX as a way to calm the nerve of its anxious clientele. However, the rescue deal fell through after Binance’s CEO revealed that his company’s due diligence report showed unexplained missing funds. Interestingly, Binance has said it intends to use the funds intended for FTX’s bailout to help bolster other projects that are affected by the fallout of the bankruptcy.

    Domino Effect

    The sheer size of FTX and its integral part within the crypto market has led to a massive domino effect throughout the market. Nearly all top perfuming coins have seen massive losses. Projects like Bitcoin and Ethereum have seen +20% losses in value. Other sectors, like DeFi, have been hit even harder by the news.

    FOMO and Bad Media

    The combination of a steady decline in crypto values over the last year and the sudden collapse of multiple high-level projects have led to a slew of bad media coverage. The media has used this incident to paint cryptocurrencies as the enemy and unsafe. These allegations are despite the fact that all experienced crypto traders tell users to not leave their crypto on exchanges or use non-custodial options.

    Bad crypto press isn’t good for the community for many reasons. For one, it can lead to miss trust in the technology even though it is more transparent and responsive than centralized systems. Additionally, it fuels anti-crypto sentiment by empowering those who want to keep the centralized financial system as the only option. Lastly, it can lead to heavy regulations.

    Global Regulators

    When crypto traders lose their entire portfolio, the reverberations from the pain are echoed through to regulators’ ears. As such, the massive amount of missing funds and overall circumstances behind the FTX crash are sure to lead to more scrutiny for all crypto platforms.

    The main problem with this approach is that politicians don’t understand the key differences between cryptocurrencies and centralized financial assets. As such, they often overstep their bounds and create technologically restricting laws that nullify the benefits of using these systems.

    Other Exchanges Losing

    The FTX crash has also caused other major platforms to shutter a bit. Recently, it was revealed that another major contender in the CEX market, Crypto.com had made a major mix-up this year. According to the company documents, the error occurred when they accidentally sent $400M in ETH to a competitor’s wallet.

    Luckily, the funding was promptly returned but not before news of the mix-up went viral. The circumstances surrounding the miss transaction led to a flood of clients seeking to withdraw funds from the exchange. Notably, Crypto.com has +70M users currently. However, the CEO pointed out that they don’t lend out clients funding which makes the platform more transparent.

    META 1 Coin Remains Stable During the Storm

    One project that continues to shine even in the darkest of crypto winters is META 1 Coin. This unique safehaven token has managed to retain stability and even grow in value since the start of the year. Projects like BTC are down 65% from their all-time highs with many predicting a fall to lower levels, while META 1 continues to slowly appreciate.

    How Can META 1 Coin Remain Stable During this Crash

    One of the first things to understand about META 1 is that its value is decoupled from the rest of the crypto market. The token derives value from a diverse basket of gold-related assets. The use of gold-related assets is crucial to the token’s self-appreciating formula.

    Gold has been proven to be a solid store of value. The precious metal is agnostic, meaning no nation controls its full supply. Additionally, gold sees growing demand during times of network uncertainty. The main downsides of gold include that it’s not practical for the digital economy and it’s way too expensive to store, transport, or even mold.

    META 1 Coin Combines the Best Aspects of Gold with Blockchain Assets

    META 1 Coin takes the self-appreciating characteristics of gold and combines them with the ease of use and efficiency of blockchain assets. This strategy is better than pegging the token to fiat currency for many reasons. For one, it eliminates inflation.

    Turn on the news and every channel mentions inflation and the damage it’s doing. You don’t need a TV to see prices are on the rise. Everything from food to fuel has risen sharply this year. This loss of buying power is a saver’s worst enemy as it robs them of their future.

    META 1 Coin holders enjoy the same store of value characteristics as gold but with more access and transparency. Unlike gold or paper gold, META 1 Coin holders have custody of their tokens directly. Only you have access to your holdings. Even the developers have no way to access your wallet without your private keys.

    It’s About the Added Protections

    META 1 outshines its predecessors through the use of special smart contracts. These systems were built to protect decentralization and the token’s stability. The first step to this equation was ensuring that META 1 remains a community-led project.

    No Corporations

    To accomplish this task, the developers decided to ban all corporations from holding the token. This approach prevents trading firms and hedge funds from entering the ecosystem and taking control using sheer force. All META 1 Coin holders are individuals seeking finical freedom. This structure falls in line with the project’s founders’ dream of providing people with a fair and more efficient financial system.

    Prevent Dumps

    A dump is a coordinated selling of a project’s tokens by a massive trader or a group of token holders. When a dump occurs, the value of a token can be obliterated in minutes. These trading practices are most commonly associated with whale traders as you need to hold a significant amount of the asset in question to accomplish your goal.

    META 1 Coin users remain protected from dumps thanks to the network’s minimum trade value system. This mechanism ensures that all trades meet the minimum asset value of the token. To accomplish this task, all trades must get approval from an off-chain sensor called an oracle. The main advantage of this strategy is added stability and a more cohesive community.

    Grab the Low Hanging Fruit

    One of the best ways to protect your wealth is to use a high-yield savings account. The META VAULT offers users 10% APY on their holdings. These payouts are paid in META 1 Coins so you can enjoy compounding returns to provide even further profits.

    FTX has Fallen – You Don’t Have to Be Next

    Whenever there is a massive exchange hack or bankruptcy in the crypto market the effects are felt throughout the industry. Sadly, FTX was too large to not take a few others down when it collapsed. However, you don’t have to be one of those casualties. Integrate safehaven assets like META 1 Coin and prevent further losses now.

  • The Top 4 Cryptocurrencies Every Trader Should Hold in 2022

    The Top 4 Cryptocurrencies Every Trader Should Hold in 2022

    The crypto market has gone into overdrive over the last couple of years. What was only a small market that has grown into trillions in a relatively short time? With all of this growth has come to an expansion of trader opportunities. However, along with all of these new platforms, some confusion has crept into the market.

    New traders can find sorting through the endless options in the market stressful. It requires patience, skill, and of course, lots of time. Rather than spend the next month trying to figure out where to begin you’re crypto trading career, you can save yourself the effort and go with four projects that have proved their worth to the market. Here are the top 4 cryptocurrencies every trader should hold in 2022.

    Bitcoin (BTC)

    It’s been 13 years since Satoshi Nakamoto changes the world forever via the introduction of Bitcoin. The world’s first cryptocurrency continues to break records and hit all-time highs. The Bitcoin community is alive and larger than ever.

    Additionally, the coin, despite having technology that’s badly outdated compared to the competition, continues to see expanding capabilities via second-layer protocols like the Lightning Network.Bitcoin has a bright future ahead of it as more countries look towards cryptocurrencies as a way to fight inflation and the weaponization of currencies like the dollar.

    El Salvador started the movement when it adopted Bitcoin as an official tender within the country last year. Less than a few months later, the government has seen considerable gains. Additionally, the project has expanded crypto awareness throughout Latin America.

    Lightning Network Empowers Bitcoiners

    One of the main contributing factors driving crypto users and developers to take another look at Bitcoin is the Lighting Network. This second-layer protocol has helped Bitcoin overcome scaling issues. The system operates by reducing the amount of connection on the Bitcoin mainnet.

    The Lighting Network can reduce congestion through the use of private payment channels. These channels are set up by node operators. They are funded by operators first and they enable users to conduct unlimited low-cost transactions directly.

    This structure is ideal because it reduces the cost and time of Bitcoin transactions. Normal Bitcoin transactions can take anywhere from 20 minutes to hours depending on the network congestion. Additionally, it is expensive to send Bitcoin.

    The Lightning Network provides near-instant payments and much smaller fees. Additionally, you can send Bitcoin internationally for pennies using the Lighting Network. These smaller fees make it possible for users to send micro-payments to each other.

    Smart Contracts are Now on Bitcoin Blockchain

    Another major reason why the Lighting Network has helped Bitcoin remain a contender in 2022 is the addition of smart contract programmability. The Lightning Network enables developers to level the security of the world’s largest and most secure PoW network to improve their Dapps. This feature opens the door for a slew of LN-powered Dapps.

    These Dapps are already gaining steam, making enabled Bitcoin crypto worth watching. Ther are already games, collectibles, and much more thanks to the integration. You can expect to see the coin capture more headlines in the future as more countries and traders make the move. Notably, many analyst point to now as the start of hyper-Bitcoinization. Hyper-Bitcoinization is a term that refers to a sudden shift towards Bitcoin as a daily currency and secure store of value.

    META 1 Coin

    META 1 stablecoin combines a variety of technological advancements made in the crypto market over the last five years. The protocol operates as a next-gen stablecoin that derives value from gold-related assets rather than fiat currency. This approach helps to create a better store of value because it eliminates inflationary concerns.

    Safehaven Token

    The META 1 coin bolsters value further through the integration of smart contracts. These systems work in tandem with the technical structure of the protocol to provide another layer of stability and protection to users. Safehaven tokens are now more popular than ever due to their success to date. META 1 integrates a host of features to keep its community safe and prospering.

    Protection From Whales

    One of the first features to take note of is whale manipulation protection. Whales are massive traders or groups that can control the trajectory of a project by buying up a majority of its tokens. As such, whales are a problem for the average trader because they can use their weight to skew the course of a project.

    Additionally, whales are notorious for shady trading activities. There are many incidents where a whale will enter a community and begin using its positioning to influence the direction of the network. In most instances, whales are looking to start the momentum to get traders moving in a certain direction before switching this momentum and leaving new traders in the dust.

    No More Pump and Dumps

    META 1 traders gain some additional advantages worth discussing. The META 1 ecosystem prevents whales from conducting dumps by requiring all tokens to sell at token value. The system operates through the use of off-chain sensors called oracles.

    These advanced protocols monitor all network trades to ensure that META 1 Coins are only sold at asset value or higher. This strategy brings a huge advantage to the market. In the past, stablecoins could falter and fail if the asset value was lost and never returned. This asset protection mechanism is one of the features that has helped META 1 Coin gain notoriety as a stable and secure option for savers.

    Token Limits Enhance Decentralization

    It is easy to see that META 1 is built differently. The platform is among the first to introduce a personal token limit. This limit is set at $5 million based on the total circulating supply of the token. This maneuver makes sense because allowing a community member to hold more than $5 million in META 1 Coin could put other traders at risk of pump and dumps.

    The asset value protection mechanism eliminates this problem because there is only the pump. The approach prevents regular traders from becoming a whale which centralizes the community. This strategy is rare to see in the market. It reflects the amount of research and the goal of the project to remain a community-led effort.

    META Exchange

    The METANOMICs protocol integrates a responsive DEX. This peer-to-peer, non-custodial network enables rapid trading. The META Exchange is a high-performance DEX that features a host of advanced features to help you trade. The DEX offers users an easy-to-navigate interface that is packed with helpful features.

    Notably, the META Exchange was designed to be easy enough for a new user to navigate. You can trade your META 1 Coins for a host of other popular projects using this system and save on fees. Additionally, the META Exchange is a high-performance network that leverages the full capabilities of the META blockchain to provide top-notch scalability. 

    It’s Open to All

    Another great reason to check the META 1 Coin out is its simplicity and accessibility. The protocol operates in true DeFi fashion. There are no gatekeepers and anyone is allowed to join. The protocol supports the conversion of fiat currencies using the Onramper portal.

    The Onramper portal was built to be simplistic and effective. Before the integration of the Onramper portal, joining META 1 was like any other DeFi protocol. It required you to first convert your fiat into a utility token to join the network. However, this approach is both confusing to new users and slow. It’s also more expensive.

    The OnRamper portal operates as an alternative in the market. It enables users to convert over 50 different types of fiat currency into META 1 Coins directly and in seconds. The strategy also eliminates the need to register for a large centralized exchange or provide hosts with personal information. As such, this structure is more secure for multiple reasons.

    For one, the META Exchange doesn’t require intrusive data. Anyone can join the exchange simply by connecting their network wallet. As such, it’s much safe from data theft as they don’t hold your information. Additionally, it’s non-custodial. This means that your crypto remains in your wallet until the point the trade executes.

    META VAULT

    You can also stake your META 1 coins or hold them in a META VAULT savings account to secure 10% APY. The META VAULT provides users with a familiar and more festive way to generate wealth. The protocol operates as a decentralized high-yield banking account.

    The META VAULT is open to the public and can help you to beat out inflation thanks to its high returns. Users simply hold their tokens in the account to secure interest returns. These rewards get deposited directly into the META VAULT account. As such, you enjoy compounding returns that can add up over time.

    META VAULT MasterCard

    You can also spend your META 1 Coins like fiat currency thanks to the crypto MasterCard debit card feature. It’s always been difficult to find vendors who are willing to accept cryptocurrencies as payment. Part of this problem is the instability of these tokens. Their volatility can mean any delays in payment result in price fluctuations.

    Vendors are not ok with losing money while a transaction process. To combat this scenario, META 1 integrates a crypto debit MasterCard. This card directly converts your META VAULT tokens into fiat currency when you swipe it.

    These funds get sent to the merchant as fiat which enables you to spend your META 1 Coins at any vendor that accepts MasterCard. The convenience offered by crypto debit cards has made them the hot ticket items for DeFi users in 2022.

    Ethereum 2.0 (ETH)

    Ethereum remains a dominant and pioneering force in the market. The network was the first to introduce token standards such as ERC-20. It’s also responsible for igniting the 2017 ICO craze. This year Ethereum completed its conversion from a Proof-of-Work (PoW) network over to a Proof-of-Stake (PoS) ecosystem.

    The conversion took the world’s largest DeFi and Dapp network and made it more scalable and added new features. Already, the network has started allowing Validators to stake ETH and secure rewards. Currently, you need 32 ETH to qualify directly. You can also join a staking pool if you don’t have 32 ETH sitting around.

    The move to a PoS consensus system improves Ethereum’s sustainability. Notably, PoW networks are seen as wasteful due to their high energy consumption. This consumption comes from the fact that miners must utilize computational power to keep the network secure. In a PoS system, there is no need to purchase expensive mining rigs. Anyone can stake their tokens directly to help secure the network which reduces the protocol’s carbon footprint considerably.

    Chromium (CHR)

    Chromium (CHR) is the first blockchain to integrate a relational database into its core processes. Relational databases are the most common type of database in the world. Chromium is unique in that it can operate as a standalone layer 1 solution that supports full DeFi and Dapp development and it can function as a layer two solution well.

    The protocol was built from day one to streamline developer onboarding. As such, the system enables developers to build faster and use less code. Streamlining these processes enables them to make more immersive and robust applications to serve users.

    Interestingly, Chromium has caught the attention of traders for another reason, its founders and team members are some of the best-known crypto stars. For example, the firm’s CTO, Alex Mizrahi, developed the concept of colored coins in 2012. Additionally, the platform’s co-founder Or Perelman helped develop the first Bitcoin wallets. Consequently, Chromia has access to a treasure trove of resources and experience.

    The Fantastic Four of Crypto

    These four projects all have proven to be worth watching in the future. Each of these coins has the potential to drive crypto adoption to new heights and expand your ROIs. Remember to leave emotion out of your trading experience and to always DYOR (Do Your Own Research). These steps will help you to enjoy a long fruitful trading career and avoid needless losses.

  • Learn How to Save Cryptocurrencies in 2022

    Learn How to Save Cryptocurrencies in 2022

    If you’re like most people, saving isn’t your strong point. It can be boring and create stress when you are trying to slowly build up your fortune over years and years. The savings process may never be fun but the introduction of cryptocurrencies has added at least a little more excitement and options to the market. Here are the best ways to save your crypto

    Set a Goal

    One of the main reasons many crypto traders never achieve their trading strategy is that they don’t have one. It is a very common saying, “If you dont have the plan to get rich, youre planning to be poor“. The same goes for cryptocurrencies, if you don’t have a hard set-in-stone savings strategy, the chances are high that you will spend it or trade it.

    One of the first steps is to create separate wallets for tokens used when trading versus tokens you intend to HODL (hold on for dear life). Splitting up your funds will make it easier for you to keep track of your savings and your trading results accurately. Additionally, splitting up your fund enables you to utilize certain portions for wealth-generation strategies. 

    Be Realistic

    One of the best pieces of advice you can take to heart is to be realistic about your savings goals. Never chase waterfalls. This statement means that if something sounds too good to be true, it probably is and it’s best to avoid it. The same goes for blockchain projects.

    Remember crypto is not a get-rich-quick scheme. It should be thought of as a methodical way to generate wealth over time. Some huge advantages make it ideal for this use case. You just need to be aware of the work and commitment it takes to succeed. Once you accept these challenges, you’re ready to start building your financial future. 

    Security

    Security should be your priority when discussing saving crypto. It does you no good to save up only to have your holdings hacked away or accidentally sent to the wrong address. To avoid these concerns, you need to create a storage and security protocol. This is a process that you follow exactly, every time you send transactions or conduct trades. 

    Open Source Projects

    Open-source projects are considered the best option for traders for a couple of reasons. For one, they enable anyone to check out the core processes of a platform. Users can check to ensure nothing is going on behind the scenes. They can also verify that there are no smart contract programming errors or attack vectors.

    It recommended that traders stick with open-source projects because they demonstrate a desire by the developer to remain transparent. Open-source protocols are the most popular in the market today due to these reasons. Additionally, they have proven to be a safer alternative time and time again. 

    Wallets

    Part of your strategy will include how you intend to store your crypto. There are a variety of options available to users today. The most popular and easiest is on a mobile app. Platforms like Jaxx offer users an excellent selection of projects they can hold and other services such as news updates.

    Non Custodial Wallets

    Non-custodial wallets are the best option for you to consider when thinking of how to protect your assets. Non-custodial refers to the structure of the wallet in terms of your holdings. Custodial wallets are usually found on CEXs (Centralized Exchanges). They require you to send your crypto to their network to use their services. 

    This structure poses some major security flaws. For one, if the network gets hacked your funds are gone. Additionally, there are times when you will be unable to access your funding like during upgrades and other network changes. These occasions can occur during times of market volatility which makes them even worse for the holder. 

    Multi-Sig

    Corporations and blockchain service providers should always use a multi-sig wallet. The term multi-sig refers to the need to provide two or more signatures to approve a transaction. The use of multi-sig wallets could have prevented some of the largest crypto hacks of all time. As such, these wallets are standard on most exchanges today. 

    Hardware Wallets

    If you are seeking to hold lots of cryptos, a hardware wallet is a great option. These devices protect your crypto from all online threats by separating your coins from the internet. When crypto is held in this style of wallet it’s called “cold storage.” Hardware wallets also employ other tactics to keep your crypto safe such as the need to press a button to approve transactions. Even the best hackers in the world are unable to manually press a button on a device.

    2FA

    2-factor authorization is a smart way to add another layer of protection to your wallets and exchanges. These systems require you to retrieve a time-sensitive code from another device to access a platform or authorize transactions. The main advantage is that a hacker would need to access both devices to steal your funding. 

    These systems are a core component of traders’ protection against SIM hacks. In a SIM hack, a person will talk the phone company into copying your SIM by impersonating you. They will then use the duplicate SIM to access your accounts. Using 2FA on a separate device can eliminate this risk as there is no way for them to get the code promptly. 

    Biometrics

    Some of the most advanced networks like META 1 Coin offer support for biometric security protocols. Biometrics makes logging in more secure and easier. Today advanced DeFi networks support both fingerprint and facial recognition software. These systems ensure that hackers will have their work set out for them if they chose to target your holdings. 

    Notably, fingerprint scanners and facial recognition have been a part of Smartphones for years now. As such, they are easily integrated into DeFi networks without the need to purchase additional hardware. This easy integration has helped these technologies to become more popular over the last 2 years. 

    Put Your Savings to Work

    Once you know how to hold your crypto, you’re ready to put your savings to work. Today there are crypto projects that enable anyone to secure passive rewards and thereby grow their wealth. The META 1 project provides users with multiple ways to drive their savings balance upwards.

    Some networks offers low-risk staking services to users. You can stake your tokens by locking up a predetermined amount into a staking pool. The more tokens you participate with and the more rewards you earn.

    Farming pools are like staking systems but they don’t have lock-up periods or pre-set APYs. Instead, farmers must monitor the gas prices and APY of pools to ensure they are achieving the best returns. Another feature that is growing in popularity is crypto bank accounts.

    These systems function like their centralized counterparts in terms of features. However, they eliminate the bank, and instead, the users split the profits. For example, the META VAULT offers users 10% APY on savings accounts. The national average for fiat accounts sits at just 0.03%.

    Easy to Access

    The META VAULT MasterCard enables users to spend their crypto like a credit card at their favorite online and offline retailers. The META VAULT card is attached to your VAULT account. When you swipe the card, the system automatically converts the corresponding value in META 1 into fiat currency for the region.

    The system is ideal because the vendor receives fiat currency. There are no delays and the transaction completes like a regular credit card transcription. Additionally, the card looks and operates just like a MasterCard complete with the logo. This strategy has helped META 1 Coin secure a growing user base due to its convenience and flexibility.

    P2P Lending

    Peer-to-peer lending services are growing in their popularity. These networks enable users to lend out their crypto and in return, they receive repayment plus interest. These systems are hugely popular because they provide lenders with the ability to get repaid on time regardless of the borrower’s actions. 

    These systems leverage large lending pools. Funds go into this pool and generate rewards. Additionally, the pool’s token gains in value as the liquidity pool’s balance rises. Borrowers also gain more flexibility. Some networks enable users to select items such as their repayment dates. The main requirement is that the borrower meets the collateralization requirements. 

    Minimize Transactions

    Another thing to consider when saving crypto is that every time you move your funds it costs you a fee. Depending on the platform or wallet, this fee can be +10%. Worst of all, many networks base their fees on the size of the transaction. This approach means that you will pay more in fees as your savings grow. 

    To avoid high fees, there are a few things you can do. For one, you need to get your savings to their wallet destination in as few transactions as possible. Most hardware wallets will support direct trading which can help. Also, conducting direct peer-to-peer trades using a DEX saves you on the fees charged by large centralized platforms.

    You will want to utilize any additional protocols that help lower fees. For example, the Lightning Network is an off-chain solution that provides Bitcoiners with lower fees and faster transactions. Immutable X is another second-layer protocol that services the Ethereum network. These networks were built to improve the scalability and functionality of these systems.

    Avoid Inflation

    If you want to save for the future, you need to eliminate inflation from your strategy. Inflation is a loss of buying power by a currency. It can occur for many reasons, including over-printing and supply chain issues. The main problem with inflation is that it disproportionately affects savers. 

    Inflation robs savers of their future spending potential. Additionally, it hurts lenders who now receive less value in return for their loans. As such, inflation is a major concern for all parties in the economy.

    Sadly, inflation has hit 40-year highs in the US and EU. The FED has tried to curb the inflation rate by raising interest rates. However, it had little effect due to the combination of factors reducing the currency’s value.

    Gold Related Assets

    Now is a good time to consider gold-related assets. Unlike in the past, when savers had to buy paper gold and never actually hold their assets, there are no gold-backed stablecoins that enable you to custody your tokens directly. Gold-backed stablecoins provide anti-inflationary characteristics to the market. Additionally, they are ideal as a store of values.

    Multiple Assets are Better than One

    The best projects will use a combination of assets to remain stable. By diversifying their reserves, these networks can buffer against any losses in particular markets. The META 1 Coin leverages a basket of gold-related assets to keep the token stable. This structure means that the token appreciates alongside gold. 

    This appreciation was seen recently when the token spiked 1.35% in value during the last market correction. This spike in value came amidst major losses by most other projects. There were even stablecoins like UST/LUNA that failed during this correction. These tokens are leading the way for savers seeking alternatives that are transparent and anti-inflationary. 

    Safehaven Options

    Safehaven tokens take the benefits of stablecoins and combine them with smart contract protections. For example, the META 1 Coin eliminates whales from the market by blocking all non-humans from the ecosystem. No corporations or trading firms can join the economy. This strategy prevents centralization in the future by eliminating the groups that are most likely to conduct harmful whale trading activities.

    Saving Has Never Been so Exciting

    The DeFi sector has taken what it means to save and flipped it on its head. What used to be you holding on to coins and waiting for time to pass. Now HODLers securing passive rewards while retaining ownership of their assets. This strategy creates an ever-growing wealth creation system that powers your saving strategy in 2022

  • The Top Reasons Traders Love META 1 Coin in 2022

    The Top Reasons Traders Love META 1 Coin in 2022

    Crypto traders have to be ahead of the trends if they want to secure profits in this fast-paced economy. There are lots of new developments that continue to reshape what it means to be a cryptocurrency. Luckily, some projects are gaining notoriety for their options.

    META 1 is a project that continues to raise eyebrows across the market due to its unique combination of features and the fact that it’s the first gold-related, self-appreciating stablecoin to enter service. This structure provides the token with a variety of advantages over its predecessors. Here are some of the top reasons why traders continue to flock to META 1 Coin as part of their long-term saving strategy.

    Easy to Join 

    One of the first things that META 1 Coin developers wanted to ensure was that the onboarding process wasn’t complicated. Anyone who has used earlier DeFi protocols can attest to the learning curve and overall confusion that these networks produce when you’re new. One of the main issues is that DeFi users needed to first convert their fiat currency into cryptocurrency to participate.

    This process took up time and often required the use of a CEX (Centralized Exchange). These large platforms require a host of personal information such as your ID, banking info, and much more. The problem is then your security is compromised as CEXs can and are hacked often for this data. It’s not a good thing to have all this information on the Darkweb.

    META 1 users avoid these risks thanks to the integration of the OnRamper portal. This unique interface operates as an easy way to convert your fiat currency into META 1 Coins directly. Onramper makes it easy for you to convert +50 fiat currencies into META 1 Coins in seconds.

    META 1 Coin is Open to Anyone

    META 1 is an open protocol that has no gatekeepers. In this way, anyone from anywhere can join the network and take advantage of its wealth-generation strategies. There are no KYC requirements or credit checks to prevent you from joining. This strategy is part of the founder’s goals to provide an open and more transparent economy to the world.

    Robert P. Dunlap Founded META 1 Coin after seeing how skewed the centralized financial system had become. The average person was far from profiting in this scenario. He knew that the people wanted a better option. The META 1 Coin encompasses these goals via its unique technical structure and passive income options.

    Easy to Use

    One of the primary reasons why new traders find META 1 so helpful is its simplistic design. The developers wanted to ensure that anyone could use the platform so they made the interface very easy to navigate. You can find all the best features and see important data such as your balance and transaction history at a glance.

    The META 1 Wallet makes it simple to send and receive crypto payments anywhere in the world in seconds. The wallet features an interactive interface. This strategy was extended to all of the METANOMICs’ DeFi economy. For example, the META Exchange has an intuitive trading window that’s packed with charting features and indicators. In this way, new DeFi users can eliminate the learning curve.

    The team even introduced a high-yield savings account that operates just like your local bank account. You deposit funds and receive interest on your holdings. The process is better than your local bank because it pays more and you can monitor everything from a free blockchain explorer making it far more transparent.

    Responsive Experience

    When you’re trading, it’s all about responsiveness. You need to be able to read the market and make trades at the proper moment to profit. Notably, the META Exchange provides users with top-notch performance thanks to the use of the META Blockchain.

    This advanced fourth gen decentralized network improves scalability through the use of a purpose-built DPoS (Delegated Proof-of-Stake) consensus mechanism. DPoS Networks improve performance by eliminating the use of miners. Early networks like Bitcoin required nodes to compete to validate a transaction.

    A Greener Solution

    This process was slow and drove energy consumption. PoS networks replace miners with network stakers. Staking can be done by anyone, which makes these networks more democratic and profitable for the average user. It also reduces carbon consumption considerably.

    DPoS networks take this concept a step further by utilizing network-elected witness nodes to improve finality. This strategy enables the network to scale vertically to meet the needs of its growing community. Additionally, users can stake their tokens and secure passive returns as well.

    Better Security

     The platform operates in a non-custodial manner which means your crypto stays safely in your wallet until your trade executes. Non-custodial exchanges are more secure than CEXs (centralized exchanges) because they don’t hold large wallets with millions in users’ holdings. As such, there is les reason for a hacker to target a DEX.

    META 1 Coin holders enjoy the highest level of security thanks to the integration of 2FA systems. These protocols require users to access another device to retrieve a time-limited code. This approach helps to prevent hackers because they need to have access to both devices.

    Biometrics

    Biometric systems are considered one of the most advanced security systems available to crypto users. META 1 users can leverage biometrics to keep their tokens out of unwanted hands. These systems work together with the 2FA protocols to protect your holdings.

    DeFi Rewards

    Nowadays, if you want to get the most from your trading experience it’s wise to consider DeFi features. DeFi is one of the hottest and fastest growing sectors in the blockchain sector and for good reason. DeFi makes it easy to put your crypto to work earning rewards. META 1 Coin holders have multiple DeFi options to consider.

    META VAULT

    The META VAULT enables you to open digital savings accounts for your META 1 Coins. These high-yield accounts pay out 10% APY which is way more than the average for fiat savings accounts (0.03%). The META VAULT falls in line with the protocol’s open enrollment strategy.

    The META VAULT integrates seamlessly with your META 1 wallet. You can monitor all of your holdings from one easy-to-see location. Best of all, the VAULT provides you with other options such as a convenient MasterCard.

    Spend Your Crypto Like Fiat Currency

    One of the main roadblocks to crypto adoption in the past was a lack of ways to spend your crypto. Vendors have been slow to adopt crypto payments. As such, most crypto users must convert their tokens to fiat currency if they want to spend it. META 1 eliminates this problem with the introduction of a crypto MasterCard Debit card.

    This card enables you to spend your META 1 Coins anywhere that accepts MasterCard. The card is set up to convert the exact amount of your payment from META 1 to the fiat of your choice when you swipe the card. The system accomplishes these actions in seconds and the vendor is unaware of anything different because they receive fiat currency.

    It’s all About Stability

    META 1 is the most advanced stablecoin to hit the market to date. The token takes the concept of stability and improves upon earlier versions such as USDT. Unlike these fiat-backed tokens, META 1 is pegged to a basket of gold-related assets.

    This approach provides the token with some unique attributes which have helped it become a popular option for long-term savers. This strategy provides diversity to protect against fluctuations in the gold market. Also, this structure provides the token with long-term store of value benefits like gold.

    Protect the Asset Value

    META 1 is the first token to integrate asset value protection systems. These mechanisms monitor the asset value of the token and all trades on the network. Trades must meet the minimum asset value to complete. This system ensures that the stablecoin doesn’t experience major fluctuations in value.

    When you look at the history of stablecoins in the market, the main thing you notice is that a stablecoin will fail if it can’t retain its asset value. While all stablecoins fluctuate slightly, if it loses its peg and doesn’t recover quickly, the end is near. This scenario played out with the LUNA/UST crash earlier this year.

    Beat Inflation

    Currently, all the fiat-backed stablecoins are suffering from a loss of buying power due to bad monetary policy. Currently, there are parts of the world like the US and EU that are suffering from 40-year high inflation rates. This scenario is not good for savers who are having their funding stolen from their accounts.

    META 1 users never have these issues because the token is gold based. Additionally, the network features a predictive issuance and limited supply which adds to the long-term ROIs of the project. When you combine these features with the transparent nature of the network, it’s obvious that the network was built to help the average saver succeed.

    HODLers Welcome

    The gold-related assets that back META 1 are self-appreciating. As time goes by, their value is set to increase. As these reserves go up in value, the META 1 Coin also appreciates. On top of the value growth achieved by appreciation, the network employs some value-locking mechanisms. The protocol prevents traders from dumping their bags.

    Keep it Decentralized

    Decentralization was a primary concern for the META 1 development team. The project’s founder, Robert P. Dunlap, wanted to ensure that the protocol was safe from central powers. He decided the best way to accomplish this task was to prevent non-humans from owning META 1 coins.

    No corporations, trading firms, or even governments can hold or trade META 1 Coins. These systems make META 1 one of the most decentralized projects available today. Whales are large traders or groups of traders that work together to alter the value of a project.

    No More Whales

    In most instances, they will enter a platform and use their leverage to drive the tokens price up momentarily. Once the token hits a predetermined amount, they dump their tokens on new users who are just getting hip to the movements. Whale manipulation is a major issue in all markets.

    It makes it harder for the average trader to succeed and it prays on new users specifically. As such, it’s smart to eliminate the groups most likely to participate in these activities. In this way, META 1 intends to remain a community-driven protocol.

    Token Limit

    One of the protections recently added to the network was the token limit. It may seem counterproductive to limit the number of tokens a user can have but when you look at the big picture, it makes perfect sense. This limit is part of the network’s long-term decentralization strategy.

    The developers saw collapses like the LUNA/UST fiasco and realized that centralization can come from within as well. Placing a $5 million token limit on users prevents a single trader from being able to tank the value of the coin. This protects all the users in the economy and provides META 1 Coin holders with more confidence in their long-term saving strategies. Interestingly, the developers may adjust the token limit as the network expands as part of this strategy.

    It’s More than Crypto

    Another major reason why traders have to respect the META 1 project is the fact that it was born out of a desire to empower users. The project took inspiration from freedom fighters. At its core, META 1 intends to create a community of like-minded individuals. These are people that believe financial freedom is a basic human right and that everyone deserves access to the tools to achieve this goal.

    So Many Reasons to Join

    These are just a few of the countless reasons that traders love META 1 Coin. It’s been a while since a project has inspired such a response in the market. The protocol combines the top DeFi features, with a high-performance blockchain, DEX, and self-appreciating stablecoin. Anyone can use these services and further their crypto trading strategy without delay.

  • The Top Reasons Traders Love META 1 Coin in 2022

    The Top Reasons Traders Love META 1 Coin in 2022

    Crypto traders have to be ahead of the trends if they want to secure profits in this fast-paced economy. There are lots of new developments that continue to reshape what it means to be a cryptocurrency. Luckily, some projects are gaining notoriety for their options.

    META 1 is a project that continues to raise eyebrows across the market due to its unique combination of features and the fact that it’s the first gold-related, self-appreciating stablecoin to enter service. This structure provides the token with a variety of advantages over its predecessors. Here are some of the top reasons why traders continue to flock to META 1 Coin as part of their long-term saving strategy.

    Easy to Join 

    One of the first things that META 1 Coin developers wanted to ensure was that the onboarding process wasn’t complicated. Anyone who has used earlier DeFi protocols can attest to the learning curve and overall confusion that these networks produce when you’re new. One of the main issues is that DeFi users needed to first convert their fiat currency into cryptocurrency to participate.

    This process took up time and often required the use of a CEX (Centralized Exchange). These large platforms require a host of personal information such as your ID, banking info, and much more. The problem is then your security is compromised as CEXs can and are hacked often for this data. It’s not a good thing to have all this information on the Darkweb.

    META 1 users avoid these risks thanks to the integration of the OnRamper portal. This unique interface operates as an easy way to convert your fiat currency into META 1 Coins directly. Onramper makes it easy for you to convert +50 fiat currencies into META 1 Coins in seconds.

    META 1 Coin is Open to Anyone

    META 1 is an open protocol that has no gatekeepers. In this way, anyone from anywhere can join the network and take advantage of its wealth-generation strategies. There are no KYC requirements or credit checks to prevent you from joining. This strategy is part of the founder’s goals to provide an open and more transparent economy to the world.

    Robert P. Dunlap Founded META 1 Coin after seeing how skewed the centralized financial system had become. The average person was far from profiting in this scenario. He knew that the people wanted a better option. The META 1 Coin encompasses these goals via its unique technical structure and passive income options.

    Easy to Use

    One of the primary reasons why new traders find META 1 so helpful is its simplistic design. The developers wanted to ensure that anyone could use the platform so they made the interface very easy to navigate. You can find all the best features and see important data such as your balance and transaction history at a glance.

    The META 1 Wallet makes it simple to send and receive crypto payments anywhere in the world in seconds. The wallet features an interactive interface. This strategy was extended to all of the METANOMICs’ DeFi economy. For example, the META Exchange has an intuitive trading window that’s packed with charting features and indicators. In this way, new DeFi users can eliminate the learning curve.

    The team even introduced a high-yield savings account that operates just like your local bank account. You deposit funds and receive interest on your holdings. The process is better than your local bank because it pays more and you can monitor everything from a free blockchain explorer making it far more transparent.

    Responsive Experience

    When you’re trading, it’s all about responsiveness. You need to be able to read the market and make trades at the proper moment to profit. Notably, the META Exchange provides users with top-notch performance thanks to the use of the META Blockchain.

    This advanced fourth gen decentralized network improves scalability through the use of a purpose-built DPoS (Delegated Proof-of-Stake) consensus mechanism. DPoS Networks improve performance by eliminating the use of miners. Early networks like Bitcoin required nodes to compete to validate a transaction.

    A Greener Solution

    This process was slow and drove energy consumption. PoS networks replace miners with network stakers. Staking can be done by anyone, which makes these networks more democratic and profitable for the average user. It also reduces carbon consumption considerably.

    DPoS networks take this concept a step further by utilizing network-elected witness nodes to improve finality. This strategy enables the network to scale vertically to meet the needs of its growing community. Additionally, users can stake their tokens and secure passive returns as well.

    Better Security

     The platform operates in a non-custodial manner which means your crypto stays safely in your wallet until your trade executes. Non-custodial exchanges are more secure than CEXs (centralized exchanges) because they don’t hold large wallets with millions in users’ holdings. As such, there is les reason for a hacker to target a DEX.

    META 1 Coin holders enjoy the highest level of security thanks to the integration of 2FA systems. These protocols require users to access another device to retrieve a time-limited code. This approach helps to prevent hackers because they need to have access to both devices.

    Biometrics

    Biometric systems are considered one of the most advanced security systems available to crypto users. META 1 users can leverage biometrics to keep their tokens out of unwanted hands. These systems work together with the 2FA protocols to protect your holdings.

    DeFi Rewards

    Nowadays, if you want to get the most from your trading experience it’s wise to consider DeFi features. DeFi is one of the hottest and fastest growing sectors in the blockchain sector and for good reason. DeFi makes it easy to put your crypto to work earning rewards. META 1 Coin holders have multiple DeFi options to consider.

    META VAULT

    The META VAULT enables you to open digital savings accounts for your META 1 Coins. These high-yield accounts pay out 10% APY which is way more than the average for fiat savings accounts (0.03%). The META VAULT falls in line with the protocol’s open enrollment strategy.

    The META VAULT integrates seamlessly with your META 1 wallet. You can monitor all of your holdings from one easy-to-see location. Best of all, the VAULT provides you with other options such as a convenient MasterCard.

    Spend Your Crypto Like Fiat Currency

    One of the main roadblocks to crypto adoption in the past was a lack of ways to spend your crypto. Vendors have been slow to adopt crypto payments. As such, most crypto users must convert their tokens to fiat currency if they want to spend it. META 1 eliminates this problem with the introduction of a crypto MasterCard Debit card.

    This card enables you to spend your META 1 Coins anywhere that accepts MasterCard. The card is set up to convert the exact amount of your payment from META 1 to the fiat of your choice when you swipe the card. The system accomplishes these actions in seconds and the vendor is unaware of anything different because they receive fiat currency.

    It’s all About Stability

    META 1 is the most advanced stablecoin to hit the market to date. The token takes the concept of stability and improves upon earlier versions such as USDT. Unlike these fiat-backed tokens, META 1 is pegged to a basket of gold-related assets.

    This approach provides the token with some unique attributes which have helped it become a popular option for long-term savers. This strategy provides diversity to protect against fluctuations in the gold market. Also, this structure provides the token with long-term store of value benefits like gold.

    Protect the Asset Value

    META 1 is the first token to integrate asset value protection systems. These mechanisms monitor the asset value of the token and all trades on the network. Trades must meet the minimum asset value to complete. This system ensures that the stablecoin doesn’t experience major fluctuations in value.

    When you look at the history of stablecoins in the market, the main thing you notice is that a stablecoin will fail if it can’t retain its asset value. While all stablecoins fluctuate slightly, if it loses its peg and doesn’t recover quickly, the end is near. This scenario played out with the LUNA/UST crash earlier this year.

    Beat Inflation

    Currently, all the fiat-backed stablecoins are suffering from a loss of buying power due to bad monetary policy. Currently, there are parts of the world like the US and EU that are suffering from 40-year high inflation rates. This scenario is not good for savers who are having their funding stolen from their accounts.

    META 1 users never have these issues because the token is gold based. Additionally, the network features a predictive issuance and limited supply which adds to the long-term ROIs of the project. When you combine these features with the transparent nature of the network, it’s obvious that the network was built to help the average saver succeed.

    HODLers Welcome

    The gold-related assets that back META 1 are self-appreciating. As time goes by, their value is set to increase. As these reserves go up in value, the META 1 Coin also appreciates. On top of the value growth achieved by appreciation, the network employs some value-locking mechanisms. The protocol prevents traders from dumping their bags.

    Keep it Decentralized

    Decentralization was a primary concern for the META 1 development team. The project’s founder, Robert P. Dunlap, wanted to ensure that the protocol was safe from central powers. He decided the best way to accomplish this task was to prevent non-humans from owning META 1 coins.

    No corporations, trading firms, or even governments can hold or trade META 1 Coins. These systems make META 1 one of the most decentralized projects available today. Whales are large traders or groups of traders that work together to alter the value of a project.

    No More Whales

    In most instances, they will enter a platform and use their leverage to drive the tokens price up momentarily. Once the token hits a predetermined amount, they dump their tokens on new users who are just getting hip to the movements. Whale manipulation is a major issue in all markets.

    It makes it harder for the average trader to succeed and it prays on new users specifically. As such, it’s smart to eliminate the groups most likely to participate in these activities. In this way, META 1 intends to remain a community-driven protocol.

    Token Limit

    One of the protections recently added to the network was the token limit. It may seem counterproductive to limit the number of tokens a user can have but when you look at the big picture, it makes perfect sense. This limit is part of the network’s long-term decentralization strategy.

    The developers saw collapses like the LUNA/UST fiasco and realized that centralization can come from within as well. Placing a $5 million token limit on users prevents a single trader from being able to tank the value of the coin. This protects all the users in the economy and provides META 1 Coin holders with more confidence in their long-term saving strategies. Interestingly, the developers may adjust the token limit as the network expands as part of this strategy.

    It’s More than Crypto

    Another major reason why traders have to respect the META 1 project is the fact that it was born out of a desire to empower users. The project took inspiration from freedom fighters. At its core, META 1 intends to create a community of like-minded individuals. These are people that believe financial freedom is a basic human right and that everyone deserves access to the tools to achieve this goal.

    So Many Reasons to Join

    These are just a few of the countless reasons that traders love META 1 Coin. It’s been a while since a project has inspired such a response in the market. The protocol combines the top DeFi features, with a high-performance blockchain, DEX, and self-appreciating stablecoin. Anyone can use these services and further their crypto trading strategy without delay.

  • Explaining Cryptocurrencies to Your Grandma

    Explaining Cryptocurrencies to Your Grandma

    When it comes to explaining technology to your elders, there is a lot to take into consideration. For one, almost everything you are describing can seem foreign to them. Remember, your grandma can remember a time before TVs were even a thing. While the differences between your 90-year-old grandma’s time and today are great, they aren’t anything that should discourage you from attempting to explain cryptocurrencies if asked.

    Start Slow

    The very first thing to remember is to go slow. You will need to start from the beginning. Most of your grandparents are already using the internet to stay in communication with family via social media channels. As such, they are accustomed to using computers for entertainment and work.

    It will take More than One Session

    One thing to consider is that the intro to cryptocurrencies is like learning a foreign language for many people. For example, you can explain to someone what it means to speak Spanish and its history. However, until they go out and use the language, they are not going to fully understand it. The same goes for cryptocurrencies.

    As such, it’s vital to take your time when explaining this game-changing technology to Nana. Don’t try to force too much information into one sitting. if you do, it can become overwhelming. The last thing you want to do is drone off into blockchainlandia while your grandma sits in confusion. Always take it slow and only move forward when their interest is peaked.

    A Freer Form of Money

    The best place to start is to explain that cryptocurrencies are money without government. In many instances, your elders will have some gripes with the government over economic issues in the past. You can explain to them that the creation of decentralized currency is due to the same issues she has had with these systems back in the day.

    The main goal of this approach is to make her aware that there are now more options to consider. If you’re successful in this endeavor it will spark a candle of interest in Nana’s mind. You can tell when she is prepared for more information when she asks you a question that leads to a more in-depth discussion. This is the sign to proceed.

    Use Examples

    Eventually, you are going to want to start with the underlying technology behind most cryptocurrencies, blockchain. The easiest way to explain blockchain technology is through an analogy using people. For example, you could say, imagine a group of ten people in a room. Now let’s say one of them is designated the banker. It’s their job to process transactions and such.

    Centralization is Outdated

    This person is like the banking system today. That person has all the control over the financial aspects of the group. They can issue more money if they feel like it. They can also block users from conducting transactions that they deem not beneficial to their cause or power structure. Now, explain to them how the same scenario could be improved via decentralization.

    Decentralization for All

    Using the same example, tell them to envision the scenario but rather than just one person in charge of the financial system, everyone plays a part in it. Through a vote, the network ensures that it remains secure and valid. Unlike the centralized version, everyone is aware of the health and transactions on the network. Additionally, there is no way for anyone to scam the system or create more currency which unbalances the network.

    Next, you should go over the history of fiat currencies in terms of inflation. The best way to do this is to ask your grandparents how much stuff used to cost back in the day. They will be more than happy to explain to you that they bought a house for like $30,000 when they were your age. They will also let you in on the fact that you could buy a soda for 10c and more. These days seem like a millennia ago.

    Inflation is a Problem

    The main thing you want them to realize is that inflation is a very real concern, especially for the elderly and those on a fixed income. Inflation is a loss of buying power of a currency. Fiat currency is subject to inflation as part of its core processes. Over time all fiat currencies lose value as governments print more into the market.

    This problem has reached new heights as the current Covid-19 pandemic has created a scenario that is ripe for hyperinflation. Government officials have issued trillions in fiat currencies which has done little more than drop the value of these assets significantly. For example, studies have shown that 30% of all USD in circulation was printed over the last year. It’s no coincidence that inflation is at a 40-year high. The price of everything from food to energy is up.

    Discuss Transparency

    Another excellent aspect to bring about blockchain technology is how it improves transparency. When everyone can see the entire network, no funny business goes unnoticed. The same can’t be said for centralized currencies. The average person has no way of monitoring these systems in a trustless manner like cryptocurrencies.

    Another point that can help stir Nana up is the fact that the bank lends your currency out to other people and makes profits. You have no control over where that money is lent and for what services. The bank could be lending these funds out to people that support many of the groups your granny doesn’t support. A better option is to retain control over your funds using a blockchain network.

    The Best Options go to the Richest

    Now is also a good time to point out that the best options in the market are only available to a select few traders. The average citizen gets left out of the most profitable maneuvers due to restrictions such as the need to be an accredited trader. The term accredited trader means that you must possess at least one million in liquid capital. It’s hard to deny that this structure isn’t good for the average person or their grandchildren.

    Global Currencies for a Global Economy

    The world is much smaller than when your grandma was growing up. It used to take time to send messages to people and now we enjoy 24/7 live communication across multiple platforms and the metaverse. While all of this tech jargon can seem like gibberish to your granny, she will be able to relate to the fact that times have changed.

    You should ask her about how she used to communicate in her day. How did they bank? What financial mishaps did she live through? Every grandma alive today has lived through many recessions in her lifetime. She can understand that avoiding these issues is paramount to success.

    It’s vital to let her know that blockchain assets are international. They can be sent across the planet in seconds. This makes them ideal for relatives that want to send funds to their family, especially grandmas seeking to provide grandchildren with holiday and birthday gifts. In these scenarios, Nana can save a ton and learn a new skill that is sure to come in handy later.

    Why The US went off the Gold Standard

    Most grandparents can remember a time when the US was still on the gold standard. For those individuals, it would be wise to discuss how and why the US and others went off the gold standard.  For the EU, the gold standard was dropped after WWII as the countries had spent all of their gold reserves fighting each other.

    This situation left the US as the sole gold-pegged currency in the world. Consequently, the European powers chose to peg their currencies to the USD as it was at that time the world’s superpower. Notably, the US went off the dollar standard for the same reasons as the EU, to pay for a war.

    The Vietnam War cost the US so much money that they needed to free up the printing press to keep up. Sadly, this resulted in the US dropping its currency’s backing and instead, going with a system of printing when desired.

    It Wasn’t That Great

    It’s also a good time to mention some of the shortcomings of the gold standard. For example, gold wasn’t great for micro-transactions. Additionally, the sheer size of today’s economy was far more than the gold standard permitted to exist. These factors showcase how a new type of currency was needed. The world needed something that was like gold and cash, but digital, and harder to fake, like cryptocurrencies.

    Explain How Cryptos Build Wealth

    Another great point to explain to nana is that cryptocurrencies provide much more wealth-generation strategies. Generating wealth through passive income is the best way to achieve financial freedom. This strategy is proven to be effective. However, in your Nana’s day, it was much more difficult to secure passive income streams.

    The most popular forms of passive income were royalties, residuals, and rental properties. All of these methods of passive income are available today but they have been outdone by today’s advanced DeFi (Decentralized Finance) networks. These systems remove the bank from the financial ecosystem and replace it with users.

    DeFi is For Everyone

    The DeFi sector introduced a variety of ways for users to grow wealth via low-risk passive income streams. There are even features that are designed to mimic familiar features like high-yield savings accounts. Rather than bogging grandma down with how and what DeFi is, you should just do some simple comparison.

    High Yield Savings Accounts

    The best one to start with is your local bank savings account. The average APY for a US savings account sits at a ridiculously low 0.03%. This rate doesn’t even keep up with inflation. In the end, savers are losing for keeping their money in the bank. Point out how networks like META 1 offer 10% APY to all users regardless of their location, age, or financial history.

    Another vital thing to mention is that many crypto projects are community ran and feature capped total supplies. Coins like Bitcoin possess great store of value characteristics due to their capped supply. There is only 21 million Bitcoin that will ever see the market.  This scarcity is verifiable via the blockchain by anyone. As such, it’s easy to see, how over time, these digital assets appreciate.

    Explain to them that Not Every Cryptocurrency is the Same

    If you have gotten this far with Nana, she is getting interested in the blockchain space. Now is a good time to let her know that not every cryptocurrency is the same. They are thousands of different cryptocurrencies and many are designed for a very specific task. Others operate as a form of digital currency like Bitcoin.

    META 1 Coin

    The META 1 Coin is the first safehaven token to gain success in the market. META 1 eliminates many of the most pressing issues faced by crypto traders today. It’s stable thanks to the use of multi-gold-related assets as its backing. Additionally, the project introduces a host of special smart contracts to protect decentralization and prevent whale manipulation.

    It’s easy to join the META 1 Coin network using the Onramper portal. This interface accepts over 50 different types of fiat currency and can convert the funds into META 1 Coin directly. The process is simple and quick. It requires no previous crypto experience and can save you on fees from other networks.

    Granny Needs Some Satoshis

    Now that you got your granny all hype about the crypto revolution, you should do her a solid and get her a couple of bucks in crypto. Projects like META 1 make it easy to convert your fiat to crypto in seconds. You may find that granny takes her spare time to become a trading expert. At the very least, she will appreciate your passion for these projects and the fact that you care enough to bring her into the decentralized economy with you.

  • Dr. Doom Predicts Stagflationary Debt Crisis for Global Economy

    Dr. Doom Predicts Stagflationary Debt Crisis for Global Economy

    Things are not looking good for the global economy according to the world-renowned professor of economics at New York University’s Stern School of Business and the founder and chairman of Roubini Global Economics, Nouriel Roubini. In a series of recent interviews, the economist, often referred to as Dr. Doom, predicts a stagflation debt crisis that will combine the worst aspects of past meltdowns.

    Notably, Dr. Doom earned his nickname after successfully calling the housing and finical crisis of 2008. Since that time he has continued his teaching career and published numerous books to help educate people and prevent future economic problems. He has once again stepped into the limelight to ring the alarm bells which has many people worried.

    Troubling predictions

    Dr. Doom points to several economic indicators to demonstrate a path toward serious economic “Pain” as he put it. He has described the current trajectory of the market as heading towards a combination of stagflation and massive unsustainable debt. He has also pointed out that the market is already exhibiting signs of shock as the beginning of the global economic woes.

    End era of Great Moderation over

    One concept that many economists talk about is the theory of the Great Moderation. The great moderation was a time of decoupled debt from inflationary risks in the US. Many factors drove this phenomenon over the last 40 years. For one, there was an increase in potential growth and reduced production costs. These factors helped the US economy maintain single-digit inflation while the debt ceiling rose by trillions.

    This era may be over as analysts have pointed out that inflation has been on the rise since 2021. They also have plenty of statistics to support that multiple bubbles are deflating across the market. Specifically, there is a cooling down in equity, real estate, housing, stocks, bonds, and credit instruments. These factors have made it harder for the FED to curb inflation successfully.

     

    Jerome Powell Admits Issues

    Recently, Fed Chair Jerome Powell commented on the possibility of a recession.  He went as far as to dismiss the idea of a soft landing. Instead, he admitted that the chances of a short economic decline were “very challenging.” Dr. Doom chimed in on the current state of the economy by comparing it to previous crashes.

    Specifically, there are a lot of characteristics surrounding this scenario that echoes market woes in both the 1970s and 2008 recessions. These moments in economic history had major economic decline. However, the current market situation resembles a combination of the two scenarios. Many are labeling the current crisis a stagflation debt crisis.

    How Fed Fights Recession

    This scenario will be much more difficult for the FED to control with interest rate hikes without causing a multi-year recession. The main goal of the FED is to reduce inflation and prevent it from spiraling out of control. Raising interest rates accomplishes this task if done promptly.

    As prices rise, the lack of funding results in lower demand for goods and services. The lower demand means that prices begin to drop. If done correctly, interest rates may help buffer inflation and create stability. History has shown that in many instances, raising interest rates can result in the economy worsening and sliding into recession.

    Recession

    A recession is a prolonged period of economic decline. It’s been a serious concern for economists lately as the market’s destiny seems to be heading in that direction. Notably, inflation can lead to a recession in many ways. Technically, a recession is considered two consecutive quarters of negative economic growth, which the US has already experienced this year.

    However, other factors such as rising employment and home prices have left some hesitant to place the recession label on the economy. On the other hand, Dr. Doom has slapped the “will be coming soon” sticker on the markets. He points to growing levels of private and public debt as obvious indicators.

    These debts dwarf earlier recessions. Reports have put the public debts up 350% versus 200% in 1999. These debts can cause a cascade effect in recession as the rising interest rates will make them unsustainable for many debtors. The combination of massive insolvencies and higher prices could result in a cascading finical crisis predicts Dr. Doom.

    Synchronized Global Recession

    Another vital factor to consider is that the global economy is far tighter than it was in the past. The market depends on all economies to continue growth. As such, any failure can create supply chain woes and other issues in the market driving prices higher. Additionally, higher interest rates can mean that governments are unable to reduce high debts and deficits adding to austerity issues and civil unrest.

    Stagflation

    Interestingly, Stagflation appears to be at the top of Dr. Dooms’ concerns. Stagflation occurs when you have a sharp increase in pricing and no economic growth. One of the main factors that drive stagflation is supply chain disruptions. The global logistics sector is a trillion-dollar sector that is interwoven throughout the globe. Supply chain disruptions can cause years of issues as restarting these massive networks takes many months or years.

    The last time stagflation wreaked havoc on the US economy was in the 70s. The situation was similar in that the main cause was oil prices. The oil prices shot up in the 70s due to two political actions. First, the western powers and the US were subject to an oil embargo in 1973. The embargo was a response to the Israel-Arab wars.

    Again in 1979, an embargo was installed during the Islamic revolution in Iran. In both instances, higher oil prices led the economy into quick disarray. Additionally, the economic downturn quickly ended the political careers of two presidents at that time.

     

    How to Prevent these Issues in 2022

    Economists have taken many decades examining these scenarios to see if there was a better alternative. They concluded that the only thing that could have improved the situation was a harsher response from the central banks. They needed to turn the interest rates up faster and higher than they did.

    It’s exactly these actions that have made Dr. Doom so vocal about his concerns. He has gone on record stating that he believes the Central Banks will not do what it takes and raise interest rates to double digits. He has stated that they may “wimp out” when it comes time to make this difficult decision. Some other factors that have led the economy to its current state include:

    Supply Chain Woes

    The number of supply-side shocks has hit record heights due to war and the pandemic. The effects of these negative supply shocks can be felt across the board with many grocery stores left with empty shelves. Already, there has been an increase in the cost of energy, food, fertilizers, industrial metals, and other commodities due to these issues.

    On top of these problems remains the coronavirus pandemic and the war in Ukraine. Both of these problems have made it more difficult to get specific products to the global markets in time. The grain from Ukraine has been tied up due to sanctions. The same goes for Russian oil. Sadly, the EU depended on Russian oil for 40% of its energy needs. As such, the continent is now paying more for lower quality products from other regions.

    Environmental issues

    When you follow the root cause of some of the other supply chain shocks, you can see that environmental problems are a major issue that can’t be ignored any longer. The combination of droughts, heat waves, hurricanes, and other disasters has led to a decimation of food in many regions. The problem has become dire in areas like Africa where the IMF continues to warn of food shortages that could lead to famine.

    Political tensions

    Another factor making it more difficult for some products to find consumers is political tensions. The introduction of sanctions and distrust between nations has led to technical and security limitations set in place. Security concerns continue to make it more difficult for countries to source high-tech chips and other vital electronics.

    Weaponized Money

    There is also the fact that the US dollar has been weaponized recently. The US dollar enjoyed relative dominance as the global reserve currency since the end of WWII. However, all of that is set to change as politicians have chosen to weaponize the dollar recently.

    The recent use of economic warfare to combat enemies has led countries to seek out alternatives to the dollar in droves. Today, there are other options for countries to consider like cryptocurrencies and gold. Notably, every time the US dollar is weaponized another country seeks out alternatives to prevent being the victim in the future.

    Wage-Price Inflation

    Wage price inflation is a problem that is seldom spoken about. The cost of goods will always rise when it cost more to make them. These costs can be from more expensive materials but they can also arise from more expensive workers, as is the case today.

    There has also been a strong push toward nationalism and anti-immigration sentiment that has created a scenario in which companies must pay workers more. These prices get then handed down to consumers, which further drives the wealth inequalities that started the cycle.

    Aging Economy

    It’s also important to take note of the age of the economy. Baby boomers are now getting older and spending their retirement. As the median age of the average person continues to get higher, there becomes more strain on the economy.

    Young people are the workers and savers that drive an economy. The elderly spend their savings which help to fuel wages but doesn’t do as much as its young workers filling factories, buying cars and homes, and saving. When you combine this fact with the lack of generational wealth transfer this generation experienced, it’s easy to see economic issues are coming.

    Major Failures on the Horizon

    The global economy could face a cascading effect of failing institutions globally which would exasperate the issue further. Think of the bankruptcy of Lehman Brothers and other financial institutions but on a larger scale and globally. For example, the European bank Credit Suisse is already experiencing major economic problems with their stocks down 50% for the year.

    The problem is when a major institution fails like this, it can cause the entire economy to collapse and make the FED’s job more difficult. Raising interest rates during an economic downturn brought on by institutional system failures is not a great scenario and it often leads to recession.

    Protecting Your Savings During the Stagflationary Debt Crisis

    Dr. Doom may have predicted the global economic recession in the works but that doesn’t mean that you have to suffer. You can take his advice and make the necessary preparations to avoid the storm. Thankfully, you have enough time and there are new options that make defeating inflation a reality. Here are some tips for protecting your wealth during the upcoming stagflation debt crisis.

    Safehaven Assets

    Safehaven assets are the most advanced blockchain assets out. They combine years of stablecoin research and development with new smart contract protection mechanisms. These systems eliminate volatility, defeat inflation, and protect decentralization. Among the safehaven assets at your disposal, META 1Coin is the most popular option in the market currently.

    META 1 Coin

    The META 1 Coin project was developed by Robert P Dunlap to take Satoshi Nakamoto’s dream of a transparent and democratic economy to new heights. The token features some unique aspects that make it ideal for savers and crypto users alike. For one, it’s backed by multiple gold-related assets.

    This structure enables the token to experience appreciation over time rather than inflation. The structure and gold backing also means that the token will sees demand during market volatility. This theory was tested in the recent market correction where META 1 gained 1.35% in value.

    META 1 Coin Features

    META 1 Coin holders enjoy access to a variety of low-risk passive income options. The META VAULT provides 10% APY on your holdings and can be a great way to beat out inflation and secure appreciation. The protocol integrates a powerful MasterCard Debit that enables you to spend your tokens anywhere that accepts MasterCard.

    Community Protections

    The META 1 Coin also introduces some decentralization protections including anti-whale mechanisms. These systems require users to prove they are not trading firms or corporations. There is also a token limit set at $5 to prevent a single trader from taking too much control over the market.

    Dr. Doom Could Help You Become Dr. Boom

    The dismal views of Dr. Doom could be exactly the wake-up call you needed to position for the upcoming recession. Users who are smart enough to avoid inflation will see growing savings and less stress compared to those who will have their savings stolen from their accounts. As such, it’s vital to remember that currencies don’t disappear, they simply move to those who were prepared.

  • Things to Consider Before You Make an NFT in 2022

    Things to Consider Before You Make an NFT in 2022

    Your news feed has been filled with stories regarding high-value sales of NFTs (non-fungible tokens). These blockchain assets are changing the game for millions around the world. From gaming to art, the NFT revolution is underway.  

    Joining the NFT movement is a smart decision, especially since the market is still in its infancy. In the past, creating blockchain assets was a difficult and expensive task. At the very minimum, it required a developer with experience and resources. Luckily, all of that has changed over the last year with the introduction of NFT creation portals and protocols.

    Creating your NFT is a lot more than just pressing a few buttons and paying some gas fees. There are a variety of steps you should take before the process to ensure you get the most out of your NFTs. Here is how to make an NFT the right way.

    Select the Type of NFT You Want to Make

    The first thing you need to do is consider is the type of NFT you want to create. There are a lot of different styles of NFTs in the market today. Depending on the type you wish to issue, you may find a certain network more conducive to your strategy. Here are some of the different types of NFTs in circulation today 

    In-Game NFTs

    In-game NFTs are collectibles or other items that hold value to a gaming ecosystem. Projects like Cryptokitties changed everything by enabling users to breed their cats and create new NFTs. These new NFTs contained a mix of a 256-bit DNA code from their parents. This code holds the token’s rare features and characteristics.

    Cryptokitties was the first NFT game to gain traction in the market. However, it was by no means the only type of NFT in use. The play-to-earn sector is on the rise. There are in-game NFTs of all varieties. These tokens range from weapons and vehicles, all the way to custom-built avatars.

    There are two main types of in-game NFTs in the market, game relevant and user-relevant. Game-relevant NFTs hold value because of their scarcity and in-game characteristics. These tokens will increase in value alongside the growth of the gaming ecosystem. They offer different features versus user-relevant options.

    User-Relevant NFTs

    User-relevant NFTs are different in their functionality. Like game-relevant NFTs they can be tracked and the platforms they operate in can determine their overall value. However, the main difference between the two types of NFTs comes down to the effect the player can have on the token. User-relevant tokens gain value based on the actions of the user.

    When you think of user-relevant NFTs, you should think of items like avatars or upgradeable vehicles and weapons. All of these items can gain functionalities and style based on our performance. User-relevant NFTs are changing the game atmosphere as avatars and other user-built items can take thousands of man-hours to develop. Now gamers can unlock these efforts and profit.

    Metaverse NFTs

    The metaverse is a 3D virtual environment that operates 24 hours a day. There are multiple Metaverses in use today with some already worth billions. The metaverse provides a host of opportunities for NFT collectors and developers alike. This digital landscape is the perfect place to showcase your NFT collection.

    Already, there are huge virtual mansions that showcase rare NFTs as part of their décor. Notably, the rapper Snoop Dogg has an NFT gracing his digital home in the metaverse Decentraland. Like in real life, if you want to be Snoop’s neighbor, you are going to have to fork out some serious pay. Currently, there are Decentraland NFT properties that cost more than real-world properties.

    User Created NFTs

    Another popular option that continues to gain steam in the market is user-created NFTs in games. These protocols enable gamers to bring virtual items into existence. These tokens can be art, collectibles, or in-game items to help you complete a quest or mission. There are a lot of different ways user-created NFTs can be integrated into gaming titles.

    In many instances, the NFT generation engine will leverage advanced AI (artificial intelligence) to ensure the NFT is both original and created quickly. AI has been a game changer in the digital art movement. Combining these aspects with NFTs can be a smart way to ensure each creation is uniquely trackable and valuable.

    ART NFTs

    ART NFTs consist of images, music, and videos. These are the most expensive NFTs in the market in terms of the highest sold value. There are art NFTs that have sold for over +$50 million. Art NFTs help to improve the experience for both collectors and creators. These tokens provide blockchain-verifiable scarcity and authentication.

    The art sector is one of the biggest areas in which NFTs have upended the market. There are a variety of NFT marketplaces and art galleries available to users. There’s also a growing number of artists and celebrities using these tokens to provide memorabilia to their fans.

    Imagine receiving a custom art NFT with a special unreleased song from your favorite band. Now, imagine if that same NFT showed that the lead singer of our favorite band was the previous owner. All of these factors improve the collector’s experience and provide more value to the entire market.

    Business NFTs

    NFTs are making a splash in the business sector as well. There are already firms using NFT technology to provide added security and identification to the sector. Businesses are using NFTs in a variety of different ways. They can leverage the tech to make their products more trackable.

    ID NFTs

    NFTs are ideal for identification purposes due to their unique nature. The use of NFTs as a form of digital ID is on the rise. The current login process for the majority of centralized protocols is highly flawed. These networks require you to input too much personal information to gain access to their platforms. Sadly, it’s these extensive requirements that put you at risk.

    It’s not wise to provide a third party with all of your personal information such as name, email, and address. The reason this scenario is an issue is that these firms are not particularly great at keeping your data safe. There are endless tales of firms becoming victims of data breaches and users losing all of their information to hackers.

    Prevent Data Loss

    Once your data makes it to the dark web and other underground marketplaces, there is no way to get it back. You can become a victim of identity theft or worse. To avoid this scenario, businesses have begun exploring the concept of blockchain identifications. Blockchain-powered ID systems leverage special ID tokens to prevent unauthorized use.

    One of the best things about these systems is that they make it easy to see if a data breach has occurred. Unlike traditional systems where it can be weeks before a company is aware anyone has breached their systems. Blockchain systems provide real-time updates on the situation and validity of your data.

    Digital Credentials

    Another major advantage of digital IDs is that they can attach a massive amount of information to your ID. Your token ID could have a plethora of vital information including health records, past tasks, and much more. Best of all, these systems are being set up to provide the token holder with complete control over who has access to this information. As such, these protocols can often leverage technologies like zero-knowledge proofs to remain valid.

    Real Estate NFTs

    Notably, NFTs enable firms to sell off large ticket items like real estate more efficiently. NFTs lower the entry bar for these actions which, in turn, opens up more opportunities to users. For example, imagine you were selling your million-dollar home.

    In a traditional setting, you would need to find a buyer that qualifies for a loan or has all the funding gathered already. The process can be time-consuming.  The introduction of FNFTs (fractional non-fungible tokens) sparks new opportunities.

    Through the use of FNFTs, the same property could be broken down into smaller ownership tokens. These tokens could be sold at a much lower price like $100. Additionally, since the property is tokenized, it can be sold to international clientele in a streamlined manner compared to traditional real estate sales. The same goes for all big-ticket items. Tokenization is a better option that helps businesses access more funding securely.

    Ticket/Lotto NFTs

    NFTs can also be used as tickets for events or competitions. The unique nature of each token makes them easy to validate. This approach eliminates fraud and helps to keep events and competitions more transparent. The cool thing about NFT tickets is that they gain value from both scarcity and usability. Notably, when you combine NFT ticketing services with the metaverse, you get interesting results.

    One of the most recent uses of NFT ticketing systems is in the hosting of metaverse concerns. These massive digital gatherings continue to make headlines for their sheer size and growing list of talent. Recently, the metaverse Decentraland hosted a festival that saw millions of participants in October 2021.

    4-day Festival

    The four-day event required users to hold a special NFT to enter the digital premises. Once you gained entry, you were privy to a host of cool options. Notably, +80 different performers graced the digital stage. Additionally, there were five stages to keep you entertained.

    The event created an enormous amount of revenue for artists, vendors, gaming booths, and merchandise creators. Among these vendors were NFT artists who offered real-time creations to users. Also, every concert participant was issued a rare NFT collectible as part of their entry.  Notably, the event was headlined by Dj Deadmauu5, 3LAU, Nina Nesbitt, Paris Hilton, and many more.

    Collectibles

    NFT collectibles are one of the fastest sectors of growth for these powerful digital assets. NFTs are perfect for use as collectibles. Collectible NFTs can be issued in a couple of different ways. The most popular is a direct collectible, meaning it’s a work of art, photo, or gif.

    The sports memorabilia market has been upended by the introduction of NFTs as well. The NFT collector’s marketplace NBA Top Shot is one of the most successful NFT marketplaces to date. The network enables users to purchase short NFT video clips of NBA moments. Already the network has sold video clips of Lebron James dunking for +$130,000.

    NBA Top Shot

    NFT top spot was an early entry into the sports memorabilia collectors market. The platform was unique in that it leveraged a custom-built blockchain called FLO to avoid any Ethereum-related congestion issues. The reasons why developers went this route was due to their experience with the first NFT collector title to gain popularity, Cryptokitties.

    They learned early on that network congestion will kill gameplay. As such, they created FLO to be scalable and secure. Today, NBA Top Shot remains the most popular sports-related NFT marketplace. However, other sports leagues have taken notice and made platforms to support NFT collectors. Soon, you could see NFT collectors become a crucial part of the sports experience.  

    Select the Network You Want to Use

    Now that you understand the type of NFT you want to use, you should consider what blockchain to use. There are a variety of NFT-capable blockchains to meet your needs. For the vast majority of users’ projects, protocols like Ethereum will function great.

    Ethereum is the largest and most popular NFT launch network. However, it currently is the most expensive due to high fees brought on by congestion issues. The Binance Smart Chain and Polkadot offer low-cost alternatives to Ethereum. Both of these networks are much cheaper than Ethereum to issue assets on and conduct transactions.

    However, both networks have far less liquidity than Ethereum. For those seeking to create regulatory-friendly NFTs, Avalanche offers solutions as well.

    Start Building Today

    The NFT market is going into overdrive in 2022. Those who get in on this ground floor will, at the very least, gain a valuable understanding of a technology that is destined to change so many aspects of life. The good news is the market is filled with easy one-step NFT-building protocols. This way, you don’t need to mess with code and can get your crypto ambitions started without delay.

  • The Pros and Cons of Community Governance Systems

    The Pros and Cons of Community Governance Systems

    Community governance systems have seen considerable adoption over the last few years. Interestingly, these systems have been in use within the crypto space with great success. Now, they are more common than ever with the DeFi revolution in full swing. Here are some key things to understand about these unique governance protocols. 

    Why Community Governance Became Popular

    When you research the history of the crypto market, there are some instances where you can see major projects suffer due to a lack of cohesion within the ecosystem. Whenever a community is split on a major issue it can cause serious issues. The issues can be exasperated when the community and the developers see things differently as well.

    Decentralized governance systems were designed to give communities a way to express their opinions and have their voices heard. Community governance systems are much more effective at keeping communities together than previous setups because they put the community in charge. 

    Unlike traditional projects, there is no centralized group that makes the final approval of community governance upgrades. Instead, users can put forth their proposals for the community to vote on. If approved, the network treasury will automatically issue the corresponding funding to begin the project. This level of automation has made community governance systems the new norm. 

    Community Governance Keeps Communities Together

    Despite their early use, it wasn’t until the introduction of DeFi (decentralized finance) systems that community governance took off. DeFi systems eliminate the bank from finance. They replace centralized systems with decentralized protocols known as smart contracts.

    These contracts are designed to operate transparently and securely. They can be triggered upon the completion of certain parameters and can be programmed to meet certain requirements before transfer.  One of the main things that DeFi did was drive home the need for new community governance systems.

    For a DeFi network to be truly decentralized, it needed to have a way for the average users to participate in the larger decision-making process. This desire has led to the introduction of a couple of different community governance systems.

    DAOs

    The first style of community governance was the DAO (decentralized autonomous organization). These systems accomplished all the goals of developers. Regular users gain the ability to stake their tokens and enter the protocol. They could put forth proposals regarding any of the platform’s technical or financial aspects. Notably, DAOs are still very popular today. 

    The concept for a DAO began during a conversation between developers and Ethereum founder Vitalik Buterin. He discussed how a community government system could be plausible using Ethereum and how it would improve transparency. He also advocated for an open-source governance system as part of this strategy. In 2016, the first DAO was launched on the Ethereum network.

    Notably, this code was written by Christoph Jentzsch, an open-source coder, and early crypto supporter. The project saw participation from his brother Simon Jentzsch as well. Bth are credited as the creators of the first operational public DAO. Best of all, the entire project was shared on GitHub as open source with others contributing to its development. 

    Gamechanger

    The DAO was a game changer with all managerial roles replaced with smart contracts. This approach eliminated inefficiencies and enabled all parties to monitor the progress via blockchain explorers. Smart contracts are wise maneuvers because they are devoid of human emotion, bias, or errors. In theory, this approach had many advantages.

    Since there were no employees, the cost of running the DAO was a fraction of the cost of having real people manage the project. Consequently, there wasn’t even a physical address associated with his management mechanism. These savings continued to add up as it became evident that this strategy was far more efficient. 

    First DAO – Rise and Fall

    The first DAO went live in 2016 as part of the Ethereum ecosystem. However, its success was short-lived. Only a few days later in June 2016, the DAO was hacked. The hackers were able to exploit a vulnerability in the coding that enabled them to duplicate certain aspects of the process and redirect funds. 

    The hackers were able to redirect nearly $50 million in ETH from the DAO’s crowdfunding wallet. The hacker tricked the software into thinking that a duplicate address was correct. The loss was so major that Ethereum went into panic mode. For days, Buterin and a team of Ethereum developers pondered how the hack occurred and what to do next. 

    The Hack Reveals 

    The hacker’s strategy was figured out and the team went into overdrive to try and do damage control. The first thing they noticed was that the hacker didn’t have access to his stolen ETH just yet. Because he had to create a duplicate command to trick the system, he was locked into the same 28-day hold period as the original contract.

    This hold period gave Buterin and the community some time to decide how to react. Buterin reached out to the Ethereum community asking for advice on the issue. However, the time sensitivity and overall potential loss made the Ethereum team get desperate. 

    Fearing Losses

    Fearing the tokens would create devastating losses for the project, Buterin and his team made the controversial decision to roll back the blockchain right before the hack took place. This maneuver was met with severe pushback from the crypto community. Blockchains were meant to be immutable and rolling one back would have far-reaching effects on the project.

    Even the Hacker Questions the Move

    Even the hacker took to Twitter to question the decision. The attacker stated that if you want to have a DAO then you need to stand by its decision. They even went as far as to offer bonuses to miners who were against the rollback strategy. The rollback strategy was a major decision that would split Ethereum into two separate coins.

    All transactions before the rollback would remain on the Ethereum chain which would now be referred to as Ethereum classic. Any transactions after the hack would go to the new Ethereum blockchain. The decision to roll back the network created a lot of stress, disrupted the community, and added to new users’ confusion in the market. 

    Worst of all, it made Ethereum ineligible for security token services. It would be impossible to get an asset that’s finality is legally binding to issue on a network that developers could roll back to prevent losses. Even today, Ethereum has not been able to recover in the security token department. However, the rise of DeFi has added new DAO opportunities to the market 

    Governance Tokens

    Another popular community governance method is the use of governance tokens. DeFi governance tokens are specially created digital assets that enable users to access the voting and proposal aspects of the network. The cool thing about this approach is that it permits developers to incentivize governance systems rather than just provide access

    No Accident

    The popularity of community governance systems is no accident. These networks continue to thrive for multiple reasons. For one, their user base stays cohesive. Additionally, community governance systems provide developers and the community with more ways to control the value of a token.

    It’s common for community governance networks to order token burns or buybacks to drive value. These strategies and more are just some of the ways community governance systems help. Here are some other benefits these protocols introduce to the market. 

    Pros of Community Governance

    Transparency is the main benefit of community governance systems. When you provide the user base with the final say, there is always a feeling of community. Additionally, these systems make it easier for developers to measure their user’s sentiments toward certain upgrades and changes. If the community votes in favor of a concept, the project can automatically release funds from the community chest. 

    Average Users Heard

    There are a lot of reasons why developers would want to listen to their users more. Users are the best way for a project to measure its options and features against competitors. If there is a constant drum of people asking for a certain feature, like staking, it can be time to put forth a proposal to the vote. 

    Community governance systems also make cryptocurrencies a better option than stocks. When a user trades stocks, it’s seldom that they have any of their input heard by the firm. The reality is they sign on for whatever the company decides to do until they sell their shares. Community governance in DeFi addresses this issue and makes participation profitable.

    Incentivizes Participation

    Community governance systems are popular for another reason, they incentivize users. Users can often stake or farm their governance tokens to earn profits. These profits are on top of any improvements to the value of the project’s utility token and ecosystem. 

    Many DeFi networks enable users to stake their governance tokens and secure profits. Incentivizing community governance drives more users to join. The higher participation level means that developers get a better consensus during votes. It also improves the innovative nature of the market as more users can mean more proposals and concepts come forth. 

    Network Safty

    Community-governed networks are generally safer for users than centralized networks. The main reason for the added safety is the fact that the developers have less control over the project. In many instances, the developers don’t have access to the community funds unless authorized by a vote. 

    This approach provides another layer of user-confidence against rug pulls. A rug pull occurs when developers suddenly remove funding from a project and leave token holders with major losses. DAOs protect users from these incidents because the treasury is not under the control of developers but rather a vote is needed to unlock funds. 

    Cons of Community Governance

    Not everything is improved by the introduction of community governance to a network. There are still many issues and concerns that you should be aware of when joining one of these networks. As you now know, a DAO is only as good as its coding, but there are some other risks to consider. Here are some of the most common pitfalls these networks face. 

    Centralization

    The main drawback to these systems is that they can become centralized very quickly. Unless you are participating in a fourth-generation network like META 1 that eliminates whale manipulation via a human-only requirement, there is always the risk that someone may just buy up the most tokens and take control of the network. 

    It can be a real bummer when a whale trader hijacks a DAO. Whales control significant funding and can use that to buy up governance tokens on a scale that the average user can’t compete against. Once they have the majority vote in the community, it’s very difficult for regular traders to regain control and retain a democratic environment. 

    Developers

    There is also a risk that developers maintained most of their tokens from the launch. When developers keep control over their tokens, they retain control over the project. If the system provides more weight to those who hold more tokens, this can lead to an illusion of community governance. However, if the developers always have the final say, it’s just a farce that usually ends badly for traders. 

    Security Concerns

    Another major issue that has plagued community governance systems since day one is security concerns. You now know how the very first Ethereum DAO was hacked for $50 million which led to the creation of Ethereum Classic and today’s ETH. DAOs require significant coding. As such, it’s recommended you stick to only open-source community-governed projects.

    Additionally, you need to ensure the project has undergone security audits. As you learned from the tragic first Ethereum DAO events, a community governance system can be hacked when the coding lacks review. Thankfully, today DAOs have taken some cues from their predecessors in terms of security. Despite the upgrades, there are still incidents today of DAOs being hacked and users suffering major losses. 

    Community Governance is the Way of the Future

    Despite some drawbacks, it appears that community governance systems are here to stay. These unique mechanisms provide a new level of transparency and enable projects to finally become community led. For these reasons, you can expect to see more platforms introduce community governance into their core functionalities moving forward.