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What is OKX? Team Background and History (OKX's most authoritative mystery solving)
1. OKX was founded in 2017 as a cryptocurrency trading services company. The company has since amassed over 20 million users and expanded its digital asset investment portfolio, which includes OKX Earn, a tool for earning passive cryptocurrency income, an NFT trading platform and decentralised app discovery centre, and the recently launched MetaX, OKX's new decentralised model that offers a cross-chain dashboard and self-hosted Web 3.0 wallet for storing (digital assets such as NFT). Wit...
What is pledging
You can think of an equity pledge as a less resource intensive alternative to mining. This option involves placing holdings into cryptocurrency wallets to provide security and operational support for the blockchain network. Simply put, equity pledging is the act of locking up cryptocurrencies for rewards. (1) What is a Pledge of Interest A pledge of interest is a process by which holders of a particular token can receive a reward. Pledges of interest originate from a proof-of-interest mechani...
How to play the perpetual contract (the most authoritative) translation
A perpetual contract is an "innovative" futures contract, pioneered by BitMEX. Traditional contracts have an expiration date, while perpetual contracts do not have a delivery date and can be held forever, so they are called perpetual contracts. (1) What is a perpetual contract? A perpetual contract is an innovative financial derivative that is based on a delivery contract, but has many differences from the previous one. A perpetual contract is similar to a secured asset market in that its pri...
What is OKX? Team Background and History (OKX's most authoritative mystery solving)
1. OKX was founded in 2017 as a cryptocurrency trading services company. The company has since amassed over 20 million users and expanded its digital asset investment portfolio, which includes OKX Earn, a tool for earning passive cryptocurrency income, an NFT trading platform and decentralised app discovery centre, and the recently launched MetaX, OKX's new decentralised model that offers a cross-chain dashboard and self-hosted Web 3.0 wallet for storing (digital assets such as NFT). Wit...
What is pledging
You can think of an equity pledge as a less resource intensive alternative to mining. This option involves placing holdings into cryptocurrency wallets to provide security and operational support for the blockchain network. Simply put, equity pledging is the act of locking up cryptocurrencies for rewards. (1) What is a Pledge of Interest A pledge of interest is a process by which holders of a particular token can receive a reward. Pledges of interest originate from a proof-of-interest mechani...
How to play the perpetual contract (the most authoritative) translation
A perpetual contract is an "innovative" futures contract, pioneered by BitMEX. Traditional contracts have an expiration date, while perpetual contracts do not have a delivery date and can be held forever, so they are called perpetual contracts. (1) What is a perpetual contract? A perpetual contract is an innovative financial derivative that is based on a delivery contract, but has many differences from the previous one. A perpetual contract is similar to a secured asset market in that its pri...
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<100 subscribers
Many people have more or less heard of cryptocurrencies and their benefits, including their decentralised nature and the fact that they offer fast and low-cost international transfers. Another well-known characteristic of cryptocurrencies such as Bitcoin is price volatility. Unlike traditional crypto assets, the value of a stablecoin is tied to a currency or commodity. So far, most stablecoins have been pegged to the US dollar. There are also some stablecoin prices that are pegged to gold or the Euro. Since the value of stablecoins are pegged to real-world assets, they are largely immune to general crypto market fluctuations. Most stablecoins actually operate as tokens on different networks - many of which operate on the ethereum blockchain in the form of ERC20 tokens. (1) What is a stablecoin A stablecoin is essentially a cryptocurrency with "anchoring" properties, the goal of which is to anchor an off-chain asset and maintain the same value as it. To maintain price stability, a stablecoin can be collateralised by an off-chain asset (i.e. a collateralised stablecoin) or an algorithm can be used to regulate supply and demand at a certain point in time (i.e. an algorithmic stablecoin). Two types of stablecoins currently exist, namely centralised and decentralised stablecoins. Centralised stablecoins are usually secured by fiat currency, which is pledged in an off-chain bank account as a reserve for on-chain pass-throughs. This usually requires a certain level of trust in the custodian, although the custodian does now offer a degree of transparency through solutions such as Chainlink Proof of Reserves. In addition, centralised stablecoins can usually also be over-collateralised with on-chain cryptocurrencies and need to guarantee an adequate collateralisation rate (e.g. requiring the value of the user's collateral assets to exceed 150% of the total loan value). Decentralised stablecoins, on the other hand, are designed to be more flexible and transparent as they are not controlled by any party and anyone can review the collateralisation rate of the agreement on the chain. Another type of stablecoin that is gaining recognition is the central bank digital currency (CBDC). A CBDC has some similarities to a centralised stablecoin, but differs in that it is issued by a central bank and therefore does not need to be linked to the fiat currency of an off-chain bank account. CBDCs are legal tender recognised by the government and can be used for large retail payments between individuals as well as wholesale payments between banks. (2) Advantages of stablecoins ①Trading Firstly, for traders, they may wish to convert their cryptocurrency into a stablecoin if they expect the price to fall. In this case, converting potentially volatile crypto assets into stablecoins can effectively limit the adverse effects of a price crash. Later, they will also be able to exchange these stablecoins for more crypto assets. ② Financial independence Not all players in the crypto world are willing to take the risks that volatility can bring. Some simply want to enjoy the financial independence that comes with crypto assets, which includes decentralisation, control over their own money and complete freedom of choice without regard to price fluctuations. Stablecoins are essentially digital versions of some real assets (e.g. US dollars, gold) and therefore do not carry the risks associated with the volatility of cryptocurrency prices. For this group of participants, stablecoins may be a good option. (3) How do stablecoins work? ① Legal tender collateralised stablecoins This type of stablecoin is backed by an existing government-issued currency, such as US dollars (USD), usually at a ratio of 1:1. This means that for every digital currency issued to you, an equivalent amount of fiat currency is pledged as collateral. A good example of this is TEDA (USDT), where 1 USDT is always worth 1 USD. Stablecoins backed by fiat currency are the most popular and widely used type of stablecoin in the cryptocurrency space today. However, such stablecoins are more susceptible to the risk of fraud as they are issued by central groups and entities with their own rules and protocols. Therefore, it is important to look for an issuer that you can trust. (ii) Commodity-backed stablecoins These are similar to fiat-backed stablecoins, but use other types of fungible assets and items as collateral. This includes precious metals and minerals such as gold, silver and diamonds, precious commodities such as oil and gas, and also unique real estate, to name a few. An example is the Venezuelan cryptocurrency Petromoneda, also known as Petro (PTR), which is backed by oil. (iii) Crypto asset-backed stablecoins This type of stablecoin is backed by cryptocurrencies. As it uses cryptocurrencies as collateral, the whole process runs and operates on the blockchain in a decentralised manner. Typically, cryptocurrency-backed stablecoins are pegged at a 1:2 ratio. As cryptocurrencies are highly volatile, each stablecoin will have a large amount of cryptocurrency as collateral. This way, the supply of stablecoins is not affected by extreme price fluctuations. Dai (DAI), for example, is backed by collateral from the Maker platform. However, due to the complexity of cryptocurrencies, such stablecoins are not as popular as those backed by fiat currencies. In addition, it is often considered "over-collateralised" due to the high amount of reserves it holds. ④ Algorithmic Stablecoins Algorithmic stablecoins are not backed by fiat assets or cryptocurrencies and are therefore also known as uncollateralised stablecoins. This type of coin maintains stability through algorithms and operational mechanisms. A smart contract is responsible for managing the supply and demand scenario to ensure a stable price for the stable coin. If the trading volume of the stablecoin is too high, the algorithmic system generates a new currency. Otherwise, the system buys stablecoins from the market, reducing the supply in circulation. Examples include Primecoin (XPM) and the now-closed Basis. This appears to be the most complex stablecoin of the four approaches, but its algorithmic system is very similar to the process central banks use to manage the money supply.
The content introduced above is only about the basics of cryptocurrency, which is related to whether we can make money through cryptocurrency. Cryptocurrencies make money not only by scientific methods to increase income, but also by finding ways to save money. The handling fees are small, but they must not be ignored. I have calculated that with frequent transactions and long trading hours, the accumulation of fees can add up to more than 10,000 U a year. Next I will introduce a few common ways to reduce fees on large trading platforms. (1) Lowering Binance's fees Binance is currently the world's largest digital currency exchange, and you must sign up for Binance if you want to speculate on coins. The transaction fee is deducted from the assets received. For example, if you buy Ethereum/USDT, the fee is paid in Ethereum. If you sell Ethereum/USDT, the commission is paid in USDT. Example. You place an order for 10Ethereum at a price of USD3,452.55 per share. Transaction fee = 10Ethereum0.1% = 0.01Ethereum Or you place an order to sell 10Ethereum at 3,452.55 USDT per share. Transaction fee = (10Ethereum3,452.55USDT)*0.1% = 34.5255USDT What many people do not know is that the Binance transaction fee can also be reduced. If you want to reduce your Binance trading fees, you must register using the invitation link below or use the invitation code "Q022W7SC". https://accounts.binance.com/en/register?ref=Q022W7SC

(2) Reducing OKX fees OKX is a professional digital currency trading platform loved by many users, and its transaction fees can be reduced. Depending on the volume of transactions, OKX divides its users into two levels: normal and professional. Ordinary users are graded according to their OKB positions, while professional users are graded according to their trading volume and asset size. The different tiers determine the trading fees for the next trading day. When calculating the fee levels, if the coin trading volume, total trading volume of delivery and perpetual contracts (USDT delivery contract, coin-based delivery contract, USDT perpetual contract, coin-based perpetual contract), option contract trading volume, and asset volume meet the conditions of different fee levels, users will enjoy the fee discount of the highest level. First method: OKX has an official maximum saving of 20%. Use the link below to register with OKX and save 20% on fees. https://www.ouyi.business/join/BTC1ETH Second method: Open the OKX website and enter "BTC1ETH" in the "Invitation Code" on the registration page to see the cashback percentage: 20% at the bottom. Be sure to enter this invitation code, otherwise you can not get 20% cashback percentage. (3) Reduce FTX fees FTX is currently a very fast-growing, contract players more exchange, you must register FTX if you play the contract. if you want to reduce the FTX transaction fees, you must use the following invitation link to register. https://ftx.com/referrals#a=121031692 3, trading road is long, together with forward Want to know more about how to reduce the commission? telegram: btcethcool We have set up a community dedicated to researching trading, add telegram friends to pull you into the community.
Many people have more or less heard of cryptocurrencies and their benefits, including their decentralised nature and the fact that they offer fast and low-cost international transfers. Another well-known characteristic of cryptocurrencies such as Bitcoin is price volatility. Unlike traditional crypto assets, the value of a stablecoin is tied to a currency or commodity. So far, most stablecoins have been pegged to the US dollar. There are also some stablecoin prices that are pegged to gold or the Euro. Since the value of stablecoins are pegged to real-world assets, they are largely immune to general crypto market fluctuations. Most stablecoins actually operate as tokens on different networks - many of which operate on the ethereum blockchain in the form of ERC20 tokens. (1) What is a stablecoin A stablecoin is essentially a cryptocurrency with "anchoring" properties, the goal of which is to anchor an off-chain asset and maintain the same value as it. To maintain price stability, a stablecoin can be collateralised by an off-chain asset (i.e. a collateralised stablecoin) or an algorithm can be used to regulate supply and demand at a certain point in time (i.e. an algorithmic stablecoin). Two types of stablecoins currently exist, namely centralised and decentralised stablecoins. Centralised stablecoins are usually secured by fiat currency, which is pledged in an off-chain bank account as a reserve for on-chain pass-throughs. This usually requires a certain level of trust in the custodian, although the custodian does now offer a degree of transparency through solutions such as Chainlink Proof of Reserves. In addition, centralised stablecoins can usually also be over-collateralised with on-chain cryptocurrencies and need to guarantee an adequate collateralisation rate (e.g. requiring the value of the user's collateral assets to exceed 150% of the total loan value). Decentralised stablecoins, on the other hand, are designed to be more flexible and transparent as they are not controlled by any party and anyone can review the collateralisation rate of the agreement on the chain. Another type of stablecoin that is gaining recognition is the central bank digital currency (CBDC). A CBDC has some similarities to a centralised stablecoin, but differs in that it is issued by a central bank and therefore does not need to be linked to the fiat currency of an off-chain bank account. CBDCs are legal tender recognised by the government and can be used for large retail payments between individuals as well as wholesale payments between banks. (2) Advantages of stablecoins ①Trading Firstly, for traders, they may wish to convert their cryptocurrency into a stablecoin if they expect the price to fall. In this case, converting potentially volatile crypto assets into stablecoins can effectively limit the adverse effects of a price crash. Later, they will also be able to exchange these stablecoins for more crypto assets. ② Financial independence Not all players in the crypto world are willing to take the risks that volatility can bring. Some simply want to enjoy the financial independence that comes with crypto assets, which includes decentralisation, control over their own money and complete freedom of choice without regard to price fluctuations. Stablecoins are essentially digital versions of some real assets (e.g. US dollars, gold) and therefore do not carry the risks associated with the volatility of cryptocurrency prices. For this group of participants, stablecoins may be a good option. (3) How do stablecoins work? ① Legal tender collateralised stablecoins This type of stablecoin is backed by an existing government-issued currency, such as US dollars (USD), usually at a ratio of 1:1. This means that for every digital currency issued to you, an equivalent amount of fiat currency is pledged as collateral. A good example of this is TEDA (USDT), where 1 USDT is always worth 1 USD. Stablecoins backed by fiat currency are the most popular and widely used type of stablecoin in the cryptocurrency space today. However, such stablecoins are more susceptible to the risk of fraud as they are issued by central groups and entities with their own rules and protocols. Therefore, it is important to look for an issuer that you can trust. (ii) Commodity-backed stablecoins These are similar to fiat-backed stablecoins, but use other types of fungible assets and items as collateral. This includes precious metals and minerals such as gold, silver and diamonds, precious commodities such as oil and gas, and also unique real estate, to name a few. An example is the Venezuelan cryptocurrency Petromoneda, also known as Petro (PTR), which is backed by oil. (iii) Crypto asset-backed stablecoins This type of stablecoin is backed by cryptocurrencies. As it uses cryptocurrencies as collateral, the whole process runs and operates on the blockchain in a decentralised manner. Typically, cryptocurrency-backed stablecoins are pegged at a 1:2 ratio. As cryptocurrencies are highly volatile, each stablecoin will have a large amount of cryptocurrency as collateral. This way, the supply of stablecoins is not affected by extreme price fluctuations. Dai (DAI), for example, is backed by collateral from the Maker platform. However, due to the complexity of cryptocurrencies, such stablecoins are not as popular as those backed by fiat currencies. In addition, it is often considered "over-collateralised" due to the high amount of reserves it holds. ④ Algorithmic Stablecoins Algorithmic stablecoins are not backed by fiat assets or cryptocurrencies and are therefore also known as uncollateralised stablecoins. This type of coin maintains stability through algorithms and operational mechanisms. A smart contract is responsible for managing the supply and demand scenario to ensure a stable price for the stable coin. If the trading volume of the stablecoin is too high, the algorithmic system generates a new currency. Otherwise, the system buys stablecoins from the market, reducing the supply in circulation. Examples include Primecoin (XPM) and the now-closed Basis. This appears to be the most complex stablecoin of the four approaches, but its algorithmic system is very similar to the process central banks use to manage the money supply.
The content introduced above is only about the basics of cryptocurrency, which is related to whether we can make money through cryptocurrency. Cryptocurrencies make money not only by scientific methods to increase income, but also by finding ways to save money. The handling fees are small, but they must not be ignored. I have calculated that with frequent transactions and long trading hours, the accumulation of fees can add up to more than 10,000 U a year. Next I will introduce a few common ways to reduce fees on large trading platforms. (1) Lowering Binance's fees Binance is currently the world's largest digital currency exchange, and you must sign up for Binance if you want to speculate on coins. The transaction fee is deducted from the assets received. For example, if you buy Ethereum/USDT, the fee is paid in Ethereum. If you sell Ethereum/USDT, the commission is paid in USDT. Example. You place an order for 10Ethereum at a price of USD3,452.55 per share. Transaction fee = 10Ethereum0.1% = 0.01Ethereum Or you place an order to sell 10Ethereum at 3,452.55 USDT per share. Transaction fee = (10Ethereum3,452.55USDT)*0.1% = 34.5255USDT What many people do not know is that the Binance transaction fee can also be reduced. If you want to reduce your Binance trading fees, you must register using the invitation link below or use the invitation code "Q022W7SC". https://accounts.binance.com/en/register?ref=Q022W7SC

(2) Reducing OKX fees OKX is a professional digital currency trading platform loved by many users, and its transaction fees can be reduced. Depending on the volume of transactions, OKX divides its users into two levels: normal and professional. Ordinary users are graded according to their OKB positions, while professional users are graded according to their trading volume and asset size. The different tiers determine the trading fees for the next trading day. When calculating the fee levels, if the coin trading volume, total trading volume of delivery and perpetual contracts (USDT delivery contract, coin-based delivery contract, USDT perpetual contract, coin-based perpetual contract), option contract trading volume, and asset volume meet the conditions of different fee levels, users will enjoy the fee discount of the highest level. First method: OKX has an official maximum saving of 20%. Use the link below to register with OKX and save 20% on fees. https://www.ouyi.business/join/BTC1ETH Second method: Open the OKX website and enter "BTC1ETH" in the "Invitation Code" on the registration page to see the cashback percentage: 20% at the bottom. Be sure to enter this invitation code, otherwise you can not get 20% cashback percentage. (3) Reduce FTX fees FTX is currently a very fast-growing, contract players more exchange, you must register FTX if you play the contract. if you want to reduce the FTX transaction fees, you must use the following invitation link to register. https://ftx.com/referrals#a=121031692 3, trading road is long, together with forward Want to know more about how to reduce the commission? telegram: btcethcool We have set up a community dedicated to researching trading, add telegram friends to pull you into the community.
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