It is nice to see that coinmarketcap has the feature to show top defi coins/tokens. Chainlink is on the first position of defi top 10, this is no wonder because chainlink is #5 on the global cryptocurrency rank. I am sure there will be more defi projects created in the future, and thanks because cmc feature, now we can monitor it.
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It is also important to check their whitepaper. Beside fake team, fake whitepaper can be fabricated with some copy pasting. Always remember to conduct intense research when we want to put our money in any crypto project, otherwise we will lose our money.
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We will never know what will occurring on cryptocurrency in the future, the market could turned into bull run anytime. DeFi projects are dominating cryptocurrency projects, making altcoins value more higher in the market now. So, we can have confidence in altcoins because the value of altcoins are not falling.
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It is very important to know the coin specification before we buy the coin, and max supply is one of the crucial information. Another thing to know is the premine amount of the coin, we won't know if the premine is big and this will make the coin price dump in the future. In conclusion, we must know what we buy, coin specification is the information we need first.
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Sometimes i thinks like that too. In Proof of Work coin, the miner need to buy some mining rigs such ASIC or GPU to mine the coin, the capital fund is on the devices. On the other hand, in Proof of Stake coin, the staker only need to buy the coin and stake them using their wallet on the pc, the capital fund is on the coin. So, both of the coins are requiring some capital funds.
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There are many available to use if we talk about Ethereum. Actually you can even use online wallet like myetherwallet to generate infinite eth addresses! Just remember to copy the keys. My recommendation is Metamask wallet. You can use it on your browser extension, create multiple address, no need to save private keys, just lock it with password, no hassle at all.
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Whitepaper of the project does matter, but not the most. The most thing we need to know is about the project and the team. Investors should see the whitepaper before investing their money to the project of course because some scam projects often plagiarize the whitepaper from other projects. Team member is the second, we can avoid scam project if we can detect the team members are fake or real.
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What will happen if every bounty hunters paid the fee and the promised token still end up been worthless after trading starts on exchanges? Isn't that a big loss for the fact that you still pay an extra fee?
lol, we should report such project, it's just a project that try to scam the hunters by asking fee to send the payment. Real project should pay their promoter without additional fee, better just leave that kind of project. Another thing that is important is the guarantee of the payment, like bountydetective, they often guarantee their payment.
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I have seen some crypto insurance project, for example insure project and maybe you want to take a look here : https://coinmarketcap.com/currencies/insure/The crypto insurance projects are not many, maybe if you are a developer, you can build the DeFi platform with insurance system and attract many people.
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My question is, did you able to send your link to the an incomplete address ? I think wallet nowadays cannot processing transaction if you input wrong format address. Try to remember what address that received your link, if possible paste the link to the explorer here.
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It is good to know that there is platform like coinmarketcap when we can learn and earn cryptocurrency. I think the purpose of the feature is to create more awareness about crypto to people outside crypto, and to make people educated about cryptocurrency. Common people outside crypto world are afraid to using crypto because they are afraid and don't have real knowledge about crypto.
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Maybe there are some websites that provides paper wallet for multiple cryptocurrency. But still, it is not too secure to store your coins on it, unless you know who provides you that paper wallet. You must find a reliable and trusty website or other 3rd party to store your coins.
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Well, it is very unfortunately for high value coin like monero to get delisted in several exchanges. The one to blame is the people who using it for criminal, the monero coin itself is not a bad coin. People sometimes need privacy to send money, it doesn't mean they are criminals.
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The market seems OK and im not confused. But we must careful from some DeFi projects because there are several projects make their project from not defi related into a defi project to gain more attention. Some defi projects are good, for example is Corionx, they are the partner of Syscoin and have done AMA in Binance telegram group few days ago.
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I didn't see this thread before but to invest with $50,000 for such a project you can obviously understand that it's not a reliable project.
Why you would waste such amount for that project? be optimistic but not up to the point that you're wasting huge money on it.
We don't know the truth about his 50k investment. A newbie here telling that he invested that amount of money to not popular project? I don't buy it. Maybe he just wants to create noise for this project. Yeah, it sounds like some shilling activities for me, don't know about the $50k investment is real or fake. If i have $50k on my hand and want to investing on crypto, i would choose ethereum and buy with all my funds, and will become the validator of ETH 2.0
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I do not believe in this assessment, they list small projects and say which are the top defi projects in this market? Please go to: https://coinmarketcap.com/defi/You will see which project is the best Coinmarketcap should be the reference, I was shocked when I didn't see Chainlink in the list and see YAM in top, but in coinmarketcap YAM is number 42. There might be a different basis in rankings but not indicated in the website so the title is confusing, I tried to on the basis for new project but only two listed. I agree with you, i don't see any reason to place YAM project on the top 10 in DeFi project. With this DeFi hype, there are many projects suddenly changed their project into a DeFi one. We should not trusting them all unless we really know the about the project.
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Unfortunately you was using the gas fee too low, the network of Ethereum is still crowded now. I see on https://etherscan.io/gasTracker , that tether usd and uniswap project is the most contributor for the gas fee. Unless they using low gas fee, we can't using low gas fee because the miners will prioritize them first.
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Some good projects has been paused due their raised ETH value was falling in bear market. But i think most paused projects unable to revive the project again, because they might have sold their raised ETH or other coins with low price at the time of bear market.
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As you can see now, ethereum coin developers keep updating their blockchain and now we know that ETH going to 2.0. I remember when ETH price was very high, almost hit $2000 few years ago. Now the price ETH is around $400 currently, we should not too late to buy the coin now before it hit $2000 again.
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I think this is because there are problems in the project such as : not enough funds or not enough man power to run the project, lack of adoption, etc. If the project have sufficient resources in their project, they wouldn't pause or even stop the development of the project.
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