Bill Maher’s comment on crypto was a clarion call for all of use crypto enthusiast to wake up to the direction this is all headed. The real question now is what technology is a viable low-energy alternative to the big names leading crypto today? If it’s on the blockchain would it be Nano, XRP or Cardano? Perhaps it will be a non-blockchain solution like Hedera Hashgraph? I, like so many others can simply speculate on the evolving direction of crypto but an alternative to the energy consumption of the blockchain must be addressed if this is to be a long-term viable solution.

The platform provides decentralized fundraising in the Cronos ecosystem for project at an early development stage at favorable terms for investors and platform creators.

We are helping to new projects in early stages to raise capital from users, by making them into real clients in GameFi

Type: CROD Token on Cronos

Ticker: CROD Total supply: 100 000 000 CROD Initial circulating supply 480 000 CROD

Initial market cap: $86 400

Seed price: $0.10 USD Private sale price: $0.14 USD Strategic sale price $0.16 USD Public sale price: $0.18 USD

· 6% Speed -$600 000 at $0.10 per token, cliff for 6 month 3.7% unlocked each month within 27 months

· 8% Private sale -$1 120 000 at $0.14 per token, cliff for 3 month 3,85% unlocked each month within 26 months · 8% Strategic sale — $1 280 000 at 0.16 per token, cliff for 3 month, 4,17% unlocked each month within 24 months

· 4% Strategic sale — $720 000 at 0.18 per token 12% unlocked, cliff for 3 month, ·17,6% unlocked each month within 5 months

·15% Team- cliff for 17 months, 4% unlocked each month within 25 months

·6% Advisors — cliff for 17 months, 4% unlocked each month within 25 months

·12% Liquidity –Fully unlocked

·20% Strategic Reserve- cliff for 6month 2,85% unlocked each month within 35 months

·21% Community/ Ecosystem -5% unlocked, 2,97% unlocked each month within 33 months

Contacts:

Ambassador program link: https://crodo.io/ambassador?p=2d2979260cf9cfdf084efc65af6de7df

Twitter: https://twitter.com/Crodo_io

GitHub: https://github.com/Crodo-io

Instagram: www.instagram.com/crodo.io

Telegram Channel: https://t.me/+ZIYIOeZvU4dmYjQ6

YouTube: https://www.youtube.com/channel/UCpDC5h1Sb8Kp8LY6mlCci6w

A report named The State of Customer Banking & Payments released by Morning Consult in January found that Millennials are embracing modern technologies to help them make financial decisions more than any other generation.

The writer of the report, financial services expert Charlotte Principato, collected data from 50,000 different participants to monthly surveys performed in the United States and worldwide from July to December 2021.

Principato mentioned in an email to Cointelegraph that the increase in usage of cryptocurrencies in 2021 was an outlier among the statistics that caught her eye when preparing the report.

By December last year, around 48% of Millennial individuals owned cryptocurrency, up from just about 30% in June. During the same period, 20% of all adults in the United States admitted to holding cryptocurrencies.

Source: Morning Consult

Millennials’ use of alternate payment services such as cryptocurrencies may be because they struggled with financial well-being scores that kept standing lower than the nationwide standard since June 2021, the report claims. The global standard by last December was 50.98, but the Millennial generation was standing lower– at 49.54.

Principato told Cointelegraph that lower financial well-being scores were a pattern she observed over the past seven months. She attributes the decline to the new variants of the COVID-19, and increased inflation in the United States, which is yet to be fully recovered.

Source: Morning Consult

Morning Consult’s website says that the financial well-being score is identified by a scale that “includes 10 questions for gauging present and future security and freedom of choice, touching on consumers’ control over their finances, their capacity to absorb financial shocks and their trajectory to meet their financial goals.”

While Millennials, generally, lead the way, crypto holders are disproportionately high-earning Millennial men. 70% of Millennial males use crypto, with 25% of them earning over $100,000 per year.

Remarkably, Hispanic people have a higher rate of crypto usage than their representation in the general adult population. Around 16% of all U.S. adults are Hispanic, however, they make up 24% of all crypto users.

As cryptocurrency became more popular throughout 2021, respondents from every generation– from Baby Boomers, Gen Xers, Millennials, and Gen Z– were increasingly likely to consider purchasing cryptocurrencies from exchanges in the United States.

These findings lead us to conclude that cryptocurrencies will keep blooming in 2022. The further adoption of crypto and onboarding of younger generations will be two major aspects that may lead to a potential boom.

2021 was the year when Sat.is started. 2022 will be the year when Sat.is takes off.

After a year of development, Sat.is was finally introduced to the public in late 2021. We successfully launched our Alpha Testnet and saw over 6,000 unique wallets interacting with it.

Of course, this is just the starting point.

Going into 2022, we have lots of plans lined up to create and develop the best multichain orderbook DEX for the interoperable future.

Q1

The Building Process Continues…

From the feedback gathered during the Alpha Testnet, we continue to build out and upgrade the Sat.is trading interface. New features will be added to enhance user experience.

User Experience Survey and Research

We will conduct a two-phase survey to examine user experience on the current Sat.is trading platform. Phase 1 involves asking volunteers to complete a comprehension survey. Phase 2 involves A/B testing and multivariate testing where volunteers are given a task-based questionnaire and are asked to screen record their interactions with the Sat.is trading interface. This would greatly boost our understanding on how volunteers intuitively use the Sat.is trading interface. With the survey results, we proceed to conduct deep scientific research to develop the most optimal user interface for Sat.is.

Content-related Activities

We plan to hold several content-related contests throughout Q1 in the community. Faithful supporters and winners will be rewarded.

Strategic Partnerships

While we are building out our roadmap, we will also be seeking out strategic partnerships with investors, projects and protocols that can form synergy with Sat.is.

Q2

Sat.is Private Beta Testnet Launch

We scheduled the launch of Sat.is Private Beta Testnet to be in Q2. The testnet will be equipped with most of the features planned and be on multiple chains including Arbitrum, Optimism and Boba. Instructions and eligibility to participate in the Private Beta Testnet will be disclosed in due course.

Sat.is Public Beta Testnet Launch

The Public Beta Testnet is finally here! Get a feel of the advanced Sat.is trading interface before Mainnet Launch.

Apart from the events listed, we have other plans in mind that will be revealed at the appropriate moment. We aim to under promise and overdeliver!

I want you to remember that these are not investment tips and you have to do your own homework on these Cryptocurrencies and the projects behind them !

Signed Buzurin Daniel

There are three main risks to consider: the massive and illegal capture of money; the commercialization of non-existent products; and the establishment of businesses with extraordinary and inexplicable returns, among others.

All of these risks can be carried out with any type of currency or easily commercialized asset, such as cryptocurrencies or art or cash, or the rights to franchises in collective investments, among others.

When enough money is not received to sustain the profits of those who have invested earlier in the hierarchy of transactions, the pyramid collapses, turning into a scheme of collective fraud. Colombian legislation prohibits the use of this strategy.

Also, See: 5 Cryptos Under $1 Billion Market Cap to Buy in 2022

Ponzi schemes, on the other hand, are constructed through the accumulation of money in which the benefits for all participants initially appear sustainable over time and can usually be hidden behind a legitimate business.

This with the particularity that once sufficient resources have been collected according to the plan of who takes advantage of the Ponzi scheme, the money disappears with that individual.

It is illegal under the Penal Code to use devices or deceit to acquire an economic advantage for oneself or a third party.

This broad definition encompasses a wide range of acts that entail making money by tricking someone else into giving up their money or inheritance.

Also, See: My 2022 Cryptocurrencies Picks You Should Bet On

You put your digital money in danger if you don’t have a virtual wallet that displays you your balance and links directly to the chain of data blocks (Blockchain).

Your digital money is also a danger if you do not have access to the private keys of the virtual wallet.

For now, we’ll focus on the essentials of how to acquire, trade, and profit from cryptocurrencies.

It’s easier to keep track of your digital money if you have a virtual purse (wallet).

Keep your private keys or security words in a secure location in case you need to retrieve your account in another program.

Also, See: 10 Things You should avoid while Investing in Crypto in 2022

If you need to recover your bitcoin balance in the future, provide someone you trust with basic recovery information or leave detailed instructions.

Assume the risk of losing your cryptocurrencies when you hand them over to a third-party service provider.

The bare minimum is to recognize the danger and create confidence with the third-party service provider.

Do you know what you’re getting and how much it’ll cost you?

Keep your private keys safe in a virtual wallet.

Handing over control of an asset to a third party might provide several challenges.

You should take confidence and security precautions when exchanging money for cryptocurrencies.

These include making the exchange promptly and personally; initiating the sale in many transactions, and utilizing an established, trustworthy third party to guarantee the transaction.

Blockchain’s trustworthiness is adequate to guarantee the existence of currency units it acquires; its value, however, is something else entirely; it is market-dependent and now in ascendance.

Also, See: The Best Way to Recognize Your Strengths in 2022

It is not the fact that it can be used to commit crimes that make a cryptocurrency an illegal intangible asset, and so the rule that guarantees individuals the right to do anything that is not expressly prohibited by law applies.

Every cryptocurrency is an intangible asset whose value is determined by market forces rather than by the state or central banks.

While the effects on the economy, tax, accounting, and equity may vary from case to case, the conclusion, for now, is that cryptocurrencies as intangible assets have no restrictions or controls on commercialization and therefore do not fall under the illegal because they are decentralized, we will elaborate on this further in future publications.

Also, See:What You Should Know About Taxes and Your Online Business in 2022

It’s good taking risks, but in the conventional currency market or stock market operations, we trust a broker or intermediary, some are regulated and others are not; in some the regulation is not enough to avoid catastrophic losses; it’s vital to study the market and receive guidance.

This form of borrowing is possible with the use of smart contracts in DeFi Transactions. Smart contracts set out the rules for flash loans. It usually requires the borrower to pay back the full loan amount before the transaction is completed.

If this rule is broken, the smart contract automatically reverses the transaction and the loan is cancelled as if it never happened.

Flash loans happen usually in a few seconds or minutes. This is how they can offer unsecured loans as the borrower must return the full amount borrowed almost immediately.

Put this in relatable terms, imagine taking a loan from a bank to make an buy an asset and you are required to repay the entire loan in a few minutes.

Sound impractical, even impossible.

However, Flash loans are very useful in DeFi. It has three major uses cases: Arbitrage, Collateral Swap and Self-Liquidation.

Arbitrage

Arbitrage refers to an immediate trade of an asset in different markets to make a profit from tiny differences in the asset’s listed price. Traders tend to move between various crypto exchanges in search of little differences in the prices of various crypto assets.

For instance, imagine BTC/USDT is trading on Binance at $39,131.26, while the same BTC/USDT is trading on Bitfinex at $39,120.00. That’s an $11.26 difference. A trader can buy BTC on Bitfinex and sell on Binance to make a profit of $11.26 per BTC sold. This example uses centralized crypto exchanges, however, the same applies to decentralized exchanges (DEx) like dYdX, UniSwap, PanCakeSwap etc. Flash loans are used to take advantage of a price arbitrage on DExs, this is because of their instant nature and their applicability across the blockchain.

Here is an example of a person exploiting the price arbitrage on Curve and UniSwap.

Here the DAI/USDC is trading on Curve at $1, while DAI/USDC is trading on UniSwap at $0.99.

A trader can exploit this opportunity using a flash loan by doing the following (as shown above):

Collateral Swap

This involves a quick swap of the collateral used to back a user’s loan from one asset to another.

This helps DeFi users swap the collateral they initially provided on a DeFi lending platform.

In this example, a person used their ETH as collateral for a loan taken in DAI on the Compound lending platform and they want to swap the ETH for BAT.

A user can swap the ETH for BAT using a flash loan by doing the following (as shown above):

Self-Liquidation

In DeFi, there are liquidation penalties or fees for loans, it currently ranges around 3% to 15% depending on the platform.

DeFi liquidation occurs when the price of the asset used as collateral falls below a certain pre-determined point. This is usually to prevent a situation whereby the value of the collateral is too low to cover the loan borrowed.

In a situation where the value of the collateral reaches the liquidation point, the smart contract sells the crypto asset to cover the debt. The user loses the asset and is charged the fee.

DeFi users can use flash loans to self-liquidate to repay the loan and recover the asset used as collateral to avoid getting liquidated and paying the fee.

In this example, the user took a loan in DAI with ETH as collateral from Compound. The price of ETH is decreasing and is approaching the level of liquidation, the a take a flash loan to avoid getting liquidated by the smart contract by doing the following:

These are the most common use case of flash loans and there are more that are yet to be discovered. These use cases should how useful flash loans are in DeFi. However, flash loans are often subject to attack. These are called Flash Loan Attacks.

This occurs when a borrower is able to trick the lender into thinking that the loan has been repaid even when it has not. DeFi systems are beginning to develop methods and technology to protect against these attacks.

Sources and References: