This amount would allow my family to survive a few years in case my wife and I would both lose our jobs and be without income.

Over those 4 years, I have dug deeper and deeper into this exciting world of crypto, tokens, and coins. Along the way, I have also discovered cool and new exciting ways to make yield and make my crypto work for me and my family. This makes it all very attractive in a world where the interest rates are hovering around 0 and in some cases are even negative. But it is also something few people really understand and know how to operate.

Worldwide there are about a million people that have ever used a smart contract or defi project in some way

This stat shows how early this space still is and how hard it is to explain to someone who has only a vague idea about Bitcoin.

But last week my wife asked me to explain to her how to get to all that money if something happened to me.

What if my chain ends but the blockchain goes on?

And it dawned on me that I could not easily explain how to get at the tokens and unlock the money.

I believe that I am not alone in this case, especially now that we are going through the bull market of 2021. I know there are some solutions, like keys.casa, out there but they are subscription based and then the question is raised if there is no home grown solution that works for amounts that are not in the millions.

So how do you share your crypto “estate” with your loved ones without writing down all the keys on a piece a few post it notes and sticking it to the fridge? It is hard to condense a few years of knowledge in a how to guide and my goal is not to teach my wife the whole ins and outs of DEFI and crypto but just to make sure she is able to enjoy the fruits of all the work I put into crypto.

I believe that just thinking about this is a huge step in the good direction for most of us…

I do not want my crypto to sit there on the chain while it could help my family if I should no longer be there…

I am now writing out my process further and might post a bit more but this was a post to at least force me to start thinking about this unpleasant but soarly needed topic

I really believe this is relevant to everyone in crypto even though your portfolio might not be worth a lot at current valuations but might add up to be a fortune or a life changing amount in a few years time…

Have you started looking into passing on your crypto?How have you gone about it?Any feedback is welcome

I decided to try out the project since it looked promising, so invested a small amount of money back in November of 2021. And as in the case with PancakeSwap and Wonderland, I was supposed to make a 1 month result video. But here we are catching up to that.

We’re going to look into what PACOCA is, what the features are, and what results did I get after trying it for 3 months.

Paçoca is a sweet portfolio manager where users can track their DeFi assets, invest in smart vaults with compounding yields, and trade tokens at the best rates using the decentralized exchange aggregator.

According to their documentation,

Pacoca was “born to optimize the experience of Defi users, the goal is to provide a broad and centralized view of the assets staked in different DeFi projects in EVM based blockchains like BSC, Ethereum and Polygon.”

And just a side note, the name intrigued me because it was unusual. When I looked it up, the term “Paçoca” is actually a delicious Brazilian peanut sweet, made using ground peanuts, sugar and salt.

Anyway, $PACOCA is the native token for the platform and will have many use cases, short and long term, including: Governance, Auto-compounding vaults, & Portfolio exclusive features.

Initially, the token had a supply cap of 100,000,000, but a proposal was submitted to increase the supply cap to unlimited. That proposal was voted on and passed back in December 2021, and if we’re talking about the token’s price, you guessed it. It has declined since then.

Since it is a microcap project, there are features that haven’t been released yet. According to their roadmap, NFTs and a liquidation notification feature are plans they haven’t started yet with the platform.

When I saw Pacoca for the first time, I liked the idea that I could aggregate any BSC projects that I would get involved with in the future.

At that time, I still had PancakeSwap, which is a popular DeFi platform in the BSC network. Seeing my PancakeSwap investment, alongside Pacoca’s, in one platform was super helpful.

Pacoca is still a microcap project, with a very nice premise to it. I believed that it would be a good project in the long term, so I decided to invest in November 22 last year.

I started with $168.76, and paid $1.01 on fees — 82 cents for swapping BNB to PACOCA and 19 cents for enabling the auto-compounding feature.

$1 in fees for a DeFi project is a really good deal, considering other ETH-based projects have astronomically high gas.

And after 3 months with Pacoca, my $168 investment turned to $56.47 — a loss of 66.54%!

The biggest reason for this decline in value is due to the price drop of PACOCA. At the beginning of my investment, the token’s price was at 25 cents. After putting my position in Pacoca’s Sweet Vaults, the highest price the token would reach was 30 cents. From there, the price has gone down to 4 cents, which is just so tragic. I only experienced a week of profit until my positions declined in value starting December.

So after 3 months, I decided to close my position on February 22, at a token price of 6 cents. At that point, I believed that it wasn’t worth keeping the investment anymore. I’ll just accept the loss and move on.

Like always, there are a couple of lessons I learned and one thing I realized about myself after my experience with Pacoca for 3 months.

This is contradicting with the results that I have here. But let me explain. Being a microcap was another reason I invested in the project. And frankly, this might have been the first time you’ve heard of this project. Microcap projects are like penny stocks. They usually have market cap of less than $50 million, and they fly under the radar. They don’t do a lot of marketing, so research is where most of the work is. They have the potential for big rewards, especially if you invested during the development stages of the project. If the project proves to be good, you don’t need a sizable position to profit from it.

Cryptocurrency is already volatile, so the risk is high. And with microcap projects, the risk is even more. Since they’re not too popular, information about them may be little and only limited to what the developers put out and a handful of articles online. If you’re thinking of profiting from the project short term, then timing your investment is essential. For a small investment, you could exponentially grow that as the project continues to show promise and gets attention. Long term, there is no telling how the project would turn out to be. You can do as much research as you can, but that’s it. What the project becomes is still ultimately decided by the developers.

This is a realization of mine. The expectations for returns in DeFi projects have skewed my perspective of long term investing. People gravitated towards DeFi projects last year because many investors saw massive returns in such a short amount of time.

In paper, that looks great. You see your small investment grow in a year, a month, or even a day because of the high APYs these projects are offering. For new crypto investors, 10% per year looks absolutely cool. You couldn’t get that from the stock market on average.

Then, you move on to discover other DeFi projects that offer 100% per year, and you’re blown away. You start investing, see the returns, and convince yourself that it’s going to be like this in the future.

And finally, you’re not looking anymore at projects that offer returns per year, but they tell you returns per day. 1%, 2%, 5%, and even as high as 10% per day for a DeFi project that just started, suddenly becomes a normal thing to you. You start to dismiss projects that offer returns less than that of your new normal because you believe that these projects will stay in the future.

I could be wrong or right. But that doesn’t matter because fundamentally, your view of cryptocurrency is now a cash grab for the short term, rather than for the long term.

While I have nothing against those who do that, since that’s their business, that type of mindset just doesn’t suit me well at the moment. I really believe in crypto and how it can change the way money works, so I’d still like to have some sort of detachment from profits from time to time.

I like profits and money too, but I just don’t want it to change me. Just like they say, “Make the money, but don’t let the money make you.”

Since I have closed my position in Pacoca, I now have BNB tokens. I’ve looked into staking my BNB instead, so I can make passive income out of it. I found two ways to do it, which is through the Binance website and through Trust Wallet.

I looked into the Binance website first, but found out that they have rebranded binance.org to bnbchain.world. I wasn’t too sure about staking in the new website, despite asking other people about it, so I looked into Trust Wallet.

After going through the process, I couldn’t stake yet since my balance wasn’t enough. I needed a full BNB token in order to start staking, so I’m going to wait for now and add more to my position gradually.

And the situation may get worse. It all depends on the behavior of the market. This is the forecast of the Blackrock Investment Institute. It is partly confirmed by commodity indices, which in 2021 rose to the highest level.

To be sure, it is enough to follow the Commodity Spot Index. This commodity index developed by Bloomberg tracks prices for 23 commodities. It is at the highest level in 10 years.

Trillions of dollars (stimulus payments) that have recently been invested in the U.S. economy have become a catalyst for inflation. They caused price increases and a general overheating of the economy.

U.S. authorities do not deny inflation. Janet Yellen, the head of the Ministry of Finance, says that this is a temporary phenomenon. Jerome Powell of the Fed proposes to increase interest rates. However, no decision has yet been made. And this creates ideal conditions for the growth of cryptocurrencies.

If interest rates are at the same level, capital inflows into the economy will not slow down and inflation will rise. Investors will be looking for assets that should grow faster than the economic situation worsens.

Cryptocurrencies are the ideal choice. In particular, Bitcoin. This is the best asset of the last 10 years. It perfectly resists the prevailing economic conditions, can be used for transfers between different countries.

Many institutional investors, payment systems (PayPal, VISA, MasterCard) were interested in this in 2020. Banks are next. In addition to launching CBDC, they have to accept Bitcoins.

It’s going to happen soon. Many people understand that rising prices have a negative impact on the well-being of citizens. A message about this recently appeared on the building of the Bank of England. It’s about a projection with the phrase “Printing money is stealing from the poor.”

The current situation is such that the market is almost ripe for the widespread introduction of cryptocurrencies. As soon as it affects the fat people of Wall Street, we will see how quickly they will transfer their cash to cryptocurrency.

So let’s sum it up. Now there are ideal conditions for the growth of Bitcoin. Go To the Moon!

You can find out the current price of bitcoin on the Poloniex exchange.

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This review is not an advertisement or a recommendation to action, but merely an informational one. The publisher and the author are not responsible for your decisions.

DeFi, otherwise known as Decentralized Finance, is set to leave a serious mark on existing banking systems. Unregulated by any organization or government, the aim of DeFi is to build a more efficient and globally accessible financial ecosystem. In the last couple of years, DeFi has opened up an infinite amount of opportunities to accrue wealth across the globe.

One of the best ways to measure the performance of the DeFi space is by taking a look at the TVL figures. Also known as Total Value Locked, TVL represents the sum of all funds present on a DeFi app: the transactional capacity, the borrowing, and the lending possibilities. To calculate the TVL of the DeFi space as a whole, all you need to do is add the TVLs held by individual DeFi apps together. Simple, right?

DeFi’s explosive growth kicked off in 2020 — the year in which COVID-19 emerged. It’s safe to say that the instability caused by the pandemic challenged our perspectives about a lot of things, including our notions about the way finance can and should work. In 2020, DeFi’s TVL expanded from $700 million to $15 billion — a massive 2,100% increase. Despite vaccine developments and more opportunities for people to return to the office, this figure only increased the following year. As measured by DeFi Pulse, the TVL of the DeFi space reached an all time high in 2021. The TVL crossed the $100 billion mark multiple times throughout the year, with figures as lofty as $111.27 billion in November.

The fact that the total value locked in 2021 has almost quadrupled in comparison to 2020 demonstrates just how quickly the DeFi space is expanding. In the last six months, more people than ever before have engaged with DeFi applications — a trend which many people believe is going to continue.

With the rise of DeFi, there are unprecedented opportunities to make money through investments. DeFi Prime currently reports a list of 237 DeFi projects on their website, 214 of which are built on the Ethereum blockchain. Varying in both scope and purpose, these projects are paving the way for the future of finance with their innovative nature. There are a few of these projects that we think could be indicative of the road DeFi is headed in the next five to ten years.

PoolTogether, for example, is an audited savings game powered by blockchain technology. The protocol incentivizes users to deposit money by offering them the chance to win a prize. Considering that the prize itself is funded by the interest that accrues on all of the money deposited, users can keep their money even if they don’t win. Being in with the chance of winning a jackpot every week sounds a lot more appealing than putting money into your average savings account, right? For all those feeling lucky, it might seem like a great idea. However, volatility is nothing new when it comes to the DeFi space. If you decide to invest into a project like PoolTogether, this is something you should be comfortable with, regardless of whether or not you win the jackpot.

To gain an even better understanding of what the future of DeFi might look like, let’s take a moment to compare it to the traditional financial systems that we have today.

Depositing money into traditional financial systems has some benefits over DeFi. The process is mainstream, easy to navigate, and getting started requires a very limited amount of financial literacy. Not only do banks protect transactional journeys and keep financial information private, but they do so without asking users to bat an eyelid.

Although DeFi aims to replicate the services offered by these traditional systems in many ways, privacy is not one of them. For better or for worse, transparency is at the very heart of DeFi ecosystems. Every single transaction made by users is documented on the public ledger and the system’s smart contract code is available for anyone who wants to view it. On top of that, anyone with access to your digital wallet address has the ability to see the moment you trade, buy, and sell.

As DeFi continues to grow in popularity, some users are left feeling vulnerable about the exposure of their financial transactions. Although there are a number of privacy protocols on the market that have been built to combat this problem, they all require users to convert their assets to a separate trading platform before they can achieve privacy. This is a deal breaker for traders who want to hold their current assets without losing money in transaction fees. If the privacy problem continues to persist, then the future of DeFi might be negatively impacted.

Here at Sahara, we believe that you shouldn’t have to choose between on-platform trading and maintaining your privacy, which is why we’ve developed a one-of-a-kind ecosystem that lets you do both. Sahara lets you keep the benefits of blockchain technology and continue trading without restrictions, simply by integrating our protocol onto the Polygon, Ethereum, and Binance Smart Chain blockchains (to mention a few of the chains we’re building on).

For beginners, the world of DeFi can seem daunting and ever-changing. Trading DeFi is a complicated process in itself, which is why it’s important to invest in an easy-to-use platform like Sahara. Instead of asking you to convert your assets to a separate chain and then activate that chain’s privacy protocols, we’ll do all of the work for you. Pretty convenient, right?

Tighten your seatbelts and prepare yourself for an exciting road ahead, because the Sahara test platform is already live and we’re getting closer towards launching our protocol for everyone to use.

Over $2.2 trillion has been invested in the crypto industry.

Some of the world’s top investment funds are actively investing in a wide variety of crypto assets.

As a result of these variables, the sector seems to be on a long-term upward trajectory.

Consider reading, observing, comparing, and staying up to speed on the newest crypto news if you’re just getting started.

If you’re considering making a cryptocurrency investment, the following hints might assist you in selecting the ideal digital asset for your holdings.

A project with a fundamental character and definite prospects is often preferable to an investment.

Also, See: What Is a Crypto Custodial Wallet?

A pressing issue in the crypto ecosystem should be addressed, or new technology and mechanisms should be provided.

In addition, the previous performance of the asset must be considered.

If you’re like most investors, you’d like to put your money into a venture that has shown steady growth over the last six months or even a year.

This, after all, underlines the steadiness of its progress.

It’s also important to consider the cryptocurrency’s market size and its popularity among both crypto specialists and beginners before deciding on an investment asset.

Cryptocurrency projects must be tailored to match customer expectations.

With the introduction of new technology and creative solutions, the initiatives that have the potential to succeed are separated from the others.

Furthermore, promising initiatives are simple and inexpensive, operational, and versatile.

Non-fundamental initiatives with little capitalization and poor popularity should also be avoided since the chance of losing your money is quite significant.

Also, See: Why are investors purchasing stablecoins to protect against future Fed rate hikes?

So, what exactly is Telcoin, and why should you keep an eye on it?

Telcoin just hit a new all-time high of $0.59 in the cryptocurrency market.

Because it hasn’t traded for more than one penny since January 2018, this is critical information.

This is despite Telcoin’s announcement of a money transfer service between Canada and the Philippines last year.

These are the kinds of ventures that can help the currency get a wider audience.

The fact that so many venues operate as a Telcoin exchange has made investing in the currency quite straightforward for a while.

Also, See: 5 Hottest NFT Cryptos for 2022

The second meme cryptocurrency, Dogecoin, should be included on this list. By far, it’s the most popular meme currency, and its founders are doing all they can to keep it strong.

There is a blockchain and network for Dogecoin. Also, engineers at Dogecoin have been working with none other than Elon Musk to ensure that the network is always running at its best.

Also, it’s one of the most extensively utilized forms of transactional money in the global economy.

Also, See: 3 Reasons Cardano has an Upper Hand

Throughout the year 2021, Zilliqa showed that its progress is worth keeping an eye on. A

s a decentralized application, Zilliqa is an excellent choice for scalability and security; it is permissionless and opens distributed network.

Zilliqa has a bright future in terms of adoption and usefulness thanks to the steady stream of strong dApps and tech advancements from the dev team.

Zilliqa’s appeal may also be attributed to its almost costless idea. The ZIL community, meanwhile, is a helpful and creative group of people who share ideas.

Also, See: 4 Web 3.0 Technologies you Need to Know

Shiba Inu has gotten a lot of attention lately, but what exactly is it?

Dogecoin (the world’s first and biggest meme currency) served as an inspiration for this endeavor. Since its inception in 2013, Dogecoin has become a wildly popular virtual currency.

Token burning by Shiba Inu, the company behind SHIB, is expected to cause it to surpass DOGE in market value again shortly.

SHIB crypto is no longer the exclusive focus of the Shiba Ecosystem.

Some more coins include LEASH and BINE, a proposal to establish its blockchain called Shibarium, as well as a wide area for NFT and gaming metaverses called the Shiboshis and the Oshiverse.

Also, See: 5 Rescue Meme Coins for the Bear Markets

For those who are unfamiliar with this currency, here is an explanation of what Terra Luna is.

Its stable coin-based economic environment, Terra Luna, was another top-performing cryptocurrency in 2021.

The LUNA token supports a variety of stablecoins linked to different currencies on the cryptocurrency’s blockchain.

Swapzone and Injective, a Luna-friendly exchange, are two options for trading Terra Luna coins.

In the next years, Terra Luna’s gradual development and diversification might make it a valuable crypto asset.

Also, See: 7 Solid Ways to Evaluate a Crypto Project?

It is important to keep in mind that the cryptocurrency market is incredibly volatile, and even the most popular cryptocurrencies may quickly depreciate.

Some of those digital currencies and tokens, on the other hand, have managed to hold their ground.

A rising cryptocurrency is always sought for by investors, no matter where it ends up after making its journey up to the heavens.

On this list, you’ll discover some of the best high-risk and high-reward digital assets that can help you diversify your portfolio and locate the next big thing in cryptocurrency in 2022.

Financial Disclaimer

The Content in this article is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments.

Investing in Cryptos constitutes a considerable amount of risk, Do your own research before investing in Cryptocurrencies.