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This has to be the first project to be backed by real silver I suppose, we have seen lots of other projects backed by gold and none has actually done very well or lived up to the hype. Being backed by precious metals isn't really a bad idea but seeing how the crypto market is full of instability and volatility, it might not be the best form of investment for any investors as ultimately, these assets backed by precious metals will be affected greatly by demand and supply which plays a huge role in price instability.
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I think the exchanges, most especially Binance, is trying to cover more markets and trying to see how it can introduce cryptocurrency to hitherto virgin markets and in so doing, maximising the much profits it can get while opening up more potential niches and grounds for cryptocurrency to thrive. As we can see, each of the fiats that have been introduced are mostly emerging markets which gives binance more penetrative reach.
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More reason why projects should always define their goals and work with those goals accordingly. If you don't really have the funds and resources to list on the bigger exchanges, there are lots of class B exchanges a project can list on and still obtain maximum reach with the proper marketing. It makes no sense for any project to outdo themselves in the short term just because they want to list on a top exchange. Listing on a top exchange is no guarantee towards ensuring project growth or price appreciation. Lots of work still need to be put in place before success can be achieved.
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I will like to add that, it is always safe to create a different wallet for every DEX or decentralized exchange you transact on and learn not to expose your private keys to just about any site that asks for it. Another thing worth mentioning is, never download files without first verifying of those files, apps or documents are official. You could just be downloading spywares and malwares into your device unknowingly. It's better to be safe than sorry..
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Considering Binance's BNB all time high of almost 50usd and its enormous use case, I strongly believe buying it at these current prices is a steal and a worthy investment. However, if you can get it at much lower prices, it is even better. Several people failed to take advantage of the price when it fell to below 10usd couple of weeks ago, those who bought in are almost 100% in gains and the price will likely rise even further in the coming months. In my humble opinion, BNB is one of the best coins anyone can invest in at the moment.
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It doesn't look good and has all the attributes of a scam project and organised ponzi structure. My advice is to do a whole lot of YouTube and Google research. What as many videos about the project as possible and also, reach out to users of other forums not just bitcointalk and find out what reviews people have about the site, You most likely will find a lot of experiences shared by others and you can subsequently make informed decisions or conclusions from their experiences.
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Hodling has its advantages and disadvantages and one must learn to balance the two. Before holding any asset, you must be completely certain about the long term goals of such a project and must be ready to follow up on updates and developments from such a project to avoid missing out on important details. If the project isn't serious or doesn't appear like they have a future, it is better to sell off and move on to avoid being left with worthless tokens. This is why doing your research is always an important factor.
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You are very correct. Due to the massive increase in the amount of people using smartphones, hackers have modified their tools and bugs to target users of smartphones since it offers them more opportunities. Recently, there have been multiple cases of spywares and malware implantations on mobile devices through apps, web pages and even third party access. One has to be extremely careful as to how they use their mobile devices.
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The truth is, it's often very difficult to identify scams from fakes and that makes it difficult to know which projects to skip and the ones to engage in. Take for instance Digitalbits. They came with such a charming plan, got hunters to help promote their project and after a successful bounty, made hunters to wait for a year and ultimately refused paying them, same thing happened with deex and the list goes on. It is very hard to say which project will pay and which wouldn't. We all just have to keep doing our bits and best.
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Generally a good list but unfortunately, you can't know if a bounty or project is good enough until you are either paid or the project goes on to achieve great things. We have being in this industry long enough to understand that even projects with the best of Whitepapers, websites and concepts end up dead or as scams. Some projects and bounties that were written off end up being the ones that truly pay or reward participants in the long run. Hopefully, these ones you have listed end up being the real deal.
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Firstly, the wallet has to be top notch in terms of security. Meaning, it has to be fully secured with private keys, mnemonics, keystore and the ability to be locked with biometrics and every other high level security feature. Secondly, wallet must be swift and fluid with the ability to be accessed and used conveniently. Thirdly, wallet should have support for multi chains, meaning, it must not be limited to just a single blockchain but have support for several blockchains. Other secondary features include DEX or inbuilt decentralized exchanges.
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