Latest posts of: gwdf1

I still follow NFT projects and apart from just buying and selling pictures (it looks like a lottery), there are some other ways to participate in hype connected with them. First of all, there are different NFT platforms. The most trendy is Open sea, but I decided to look for something less popular and promising and I found some platforms with digital music:Memusic, OPUS and Musicoin.

Quote from: petarda_pavlovna on November 28, 2021, 09:36:32 PM

NFT Gaming and Metaverse is our future, right?

There is a lot of hype around these two spheres so I think that they are ideal for short-term trading riding a wave of hype. So you can consider some projects that are building their own Metaverse: Decentraland, Axie, and sandbox. Talking about less popular options that you can check out, there are Radio caca, star atlas and UFO gaming. If you are interested in gaming, try to play some P2E blockchain games.

I am subscribed to some telegram and youtube channels, but I don't think that they are exactly what you are looking for. I get to know about recent news and about different upcoming projects and ICOs, IDOs, airdrops there.
As for my portfolio, I have some low price coins such as Tron and tokens of some gaming and NFT projects, but I can't say that I made a right choice when I invested in them.

According to some analytics, one of them most undervalued coin is NXM (wNXM). It is a native token of Defi project that is specialised in insurance for defi, Nexus Mutual. It has no actual contests now, so it takes up almost the whole market of insurances in crypto. Nexus Mutual foresaw the need for insurance in the fast-growing Ethereum ecosystem, launching a year before 2020’s DeFi Summer. DeFi summer showed that Nexus has the number one element that all early stage companies and projects must have: Real product-market fit

The thing is that you almost all the time have to pay commissions. Every time when you change something in a blockchain state, you have to pay miners so that they perform it. The only situation when you don't need to pay is when you don't change the state,but just check the information from the blockchain. For example, when you check balances, so actually, it is better to switch to alternative chain such as Polygon or BSC.

That will be wonderful if we get this opportunity to get rid of fiat and use only crypto instead of it. The thing is that we can't consider centralised stablecoins such as tether or BUSD as a good substitution, as this way the government will be just replaced by the company that releases these stablecoins, so there will be no difference. Several companies mustn't take the control over the whole financial system of the world. We will need to use algorithmic stable coins and decentralised cryptocurrencies.

Actually, it is in my head that if the company doesn't reveal information about its work, it is not trust worthy and I shouldn't invest in it. It is not only about crypto. Even while investigating stock market, I always looked through reports of the company. So when the code is open, it is a sign for me, that this project doesn't hide anything crucial and dangerous. So I can also read a smart-contract so as to check hazardous functions.

The most popular tokens connected with metaverse are sandbox, decentraland, axie and shiba. I think that they will gain more and more popularity as well as developing their digital world. Also I want to mention some upcoming projects. Blocktopia, its community will gain early access to sidus heroes IGO. Also there are some upcoming IDOs and IGOs: Souni, Happy Land, Crypto vs Zombies.

Quote from: dlite560 on December 04, 2021, 12:03:53 PM

So please share your experience on how to identify a scam project at or before ICO.

My method is a careful research. I investigate documents, web-sites, partnerships, audits, community, social media. Also I rely on some bloggers that give their own opinion. I know that it is impossible to protect yourself from all scams even if you investigate it carefully as there are some scammers who act very sensibly, so it is difficult to identify their fraud, so the main thing is to comply with risk management and not invest more than you can afford to lose.

Every project is building its own metaverse. Decentraland has its own metaverse, the same in the case of sandbox, even Shiba Inu is building its own metaverse. What comes to Meta, they have not had a metaverse yet. I think that in their context, metaverse will mean a big platform where people will be able to come and communicate, watch advertisment, organise meetings and appointments.

Quote from: indah rezqi on December 04, 2021, 09:30:01 AM

Polygon (MATIC) is a stable coin in the crypto market. Besides being stable, the movement of Polygon is quite interesting because on the coinmarketcap chart, Polygon has appeared since 2020 at a price of $0.0035 and not too long ago, the price of Polygon could reach $1 to $2 and even reach $3 (predicted).
In terms of usage, Polygon is also good with the MATIC network which is considered to be relatively cheap in transaction fees. What will happen to Polygon in the future?

Matic is obviously not a stable coin. It is just a native token of sidechain Polygon. I invest in this token as I see a good potential in it. Its ecosystem is growing very rapidly. A couple of days ago, Butorin wrote on Reddit that Polygon may become a key solution for scaling Ethereum. Buterin will be speaking at the Polygon conference soon. It is one more sign that Matic has a bright future.

Quote from: Julia205 on December 02, 2021, 10:56:29 AM

Hello everyone, my question is: how often do you invest in new and young projects? Aren't you afraid of losing money if the project closes?

I want to invest in a promising project called Yearnlab. Their token sale starts on 7th Dec and I think this is a good opportunity to successfully invest money.

Share your thoughts on such an investment. Maybe you have some interesting cases on this matter.

If you have investigated this project and you trust it, you should invest. But don't forget to comply with risk-management. Never invest money that you can't afford to lose. Even if you believe in this project and think that it has a good potential, there are still risks that it will not pump from the very beginning so in order not to be in big losses, don't invest too much.

Quote from: Google+ on December 04, 2021, 02:41:47 AM

But so far nothing has stopped and is still running as before, both cryptocurrencies and stocks are still there and running well, but in general almost 80% of people have started to like cryptocurrencies and blockchain so there is no word to stop even though there are efforts to be stopped.

There have been no technologies to stop or hack bitcoin yet, so actually, they still can't stop the process. Nevertheless, if the government ban all exchanges so as people can't exchange fiat for crypto and vise versa, there will be less people who are willing to work with crypto. Nevertheless, those people who have crypto will be able to arrange maybe so as to pay each other with crypto Huh

Quote from: Abiky on December 03, 2021, 01:50:56 PM

Do you think it's a good idea to penalize airdrop hunters? Will this do more harm or good to the adoption of crypto/Blockchain tech? Your input will be greatly appreciated. Thank you.

On the one hand, it is their occupation so they search for airdrops and complete different taks for the whole day, so it is their work, I don't think that it is fair to penalize people for their work. On the other hand, if you don't do it professionally and you have another work, you can't participate in many airdrops using a vast of accounts, so you can't get tokens for free Embarrassed

I don't buy NFTs on my own, but actually they are often distributed during airdrops of different new projects. Also they are required sometimes as a condition to get an airdrop or any other bonuses. For example, I have used domain name in the form of NFT and digital picture to take part in an airdrop. I had to connect picture to the domain name and then I got an opportunity to participate in an airdrop.

Elon Musk does not invest in SHIBA INU. Despite the fact that Elon Musk often posts photos of Shiba Inu dogs on his Twitter, he stated that does not own SHIB tokens. One of the supporters of the Shiba Inu cryptocurrency asked Musk "how much SHIB he holds." "Not at all," replied the head of Tesla. Because of this news the price of meme cryptocurrency has fallen by more than 20%. Elon Musk also denied the statements of the Dogecoin Foundation about the involvement of the head of his family investment firm, Jared Birchall, in it.
Nevertheless, Shiba Inu has recovered after it as shiba inu has built its loyal community.

Quote from: sandymandy on November 29, 2021, 07:19:51 AM

I want to know with what platforms you are working with.

Great Day

The most convenient option for trading is Binance. Although it is a centralised exchange, it has a lot of users and tools. Binance is a really prospering project with many investors and partners. It attracts many investors by different activities such as launchpools where you can stake BNB and then you will get tokens of gamefi and get 80%APY, NFT-market.

Doing research before investing is essential. You should check if this project was audited, maybe it was audited several times, it is more preferable. In terms of staking platforms, you had better check them on rugpull. You can find rating based on security and short comments what you are to pay attention to. One of the best auditors is certik, so you should read its review on this platform.