This article aims to dissect Trump's newest NFT collection, explore its implications for the market, and analyze the strategies employed to attract buyers. We'll also check out the successes and challenges from Trump's earlier NFT projects to understand how they shape the future of digital collectables.

Understanding Trump’s "Mugshot Edition":

Trump's "Mugshot Edition" NFTs are minted on the Polygon network, each valued at $99. The collection draws inspiration from Trump's legal woes in Georgia, prominently featuring the controversial mugshot.

These digital trading cards, with their cartoonish depictions, present a unique artistic interpretation of the former president, aimed at engaging his supporters and collectors within the NFT community.

Incentives and Unique Offerings:

A distinct feature of the "Mugshot Edition" is the incentives offered to potential buyers. Purchasers of 47 NFT cards in a single transaction, totalling $4,653 before fees, are promised a physical trading card containing a piece of the suit Trump wore during his mugshot.

This marketing strategy touts the suit remnants as "The Most Historically Significant Artifact in United States History."

Additionally, bulk buyers of 100 cards with cryptocurrency in a single transaction are promised an even more exclusive trading card featuring a piece of Trump's suit and a sliver of his mugshot tie, some also claim that the exclusive card is personally signed by the man himself, Donald Trump.

Market Dynamics and Past Performance of Trump’s NFTs:

Trump's previous NFT collections experienced a mixed reception. While initial sales soared, the secondary market witnessed sharp declines in value.

The Series 2 cards, released earlier, faced a 34% price drop within hours of release, falling substantially from their initial asking price of $99 to just $61.

Current data reveals fluctuations in the prices of previous NFTs, with some rebounding from significant drops. The newest NFTs can't be transferred until December 31, which adds an interesting twist.

This gives creators the chance to shape how valuable people think they are. Approximately 8,000 cards have been minted, leaving uncertainties regarding their potential sell-out before the year-end deadline.

Conclusion:

Donald Trump's venture into NFTs continues to captivate the market and raise questions about the sustainability of his success in the digital collectables space. The "Mugshot Edition" presents both an artistic expression and a marketing strategy that aims to entice buyers. However, the volatile nature of the NFT market and past fluctuations in value signal challenges ahead. As the digital collectables landscape evolves, the future trajectory of Trump's NFT endeavours remains a topic of keen interest, shaping discussions within the broader crypto community.

(Check out our article on What is Friend.Tech?)

But fear not! Our crypto glossary is here to help you decode this digital dialect and empower you with knowledge.

We'll break down complex concepts into bite-sized, easily digestible explanations while maintaining a level of expertise that caters to both beginners and those looking to deepen their understanding.

From Bitcoin to blockchain, wallets to whitepapers, and HODL to FOMO, we've got you covered. Whether you're interested in investing, trading, or simply expanding your crypto vocabulary, our glossary will serve as your trusted companion on this exciting journey.

So, whether you're looking to demystify the buzzwords surrounding cryptocurrencies or you simply want to enhance your crypto knowledge, dive in, and start exploring our crypto glossary. Unravel the mysteries of this dynamic ecosystem, one term at a time!

So, let’s get Started!

51% Attack:

A situation in which a single entity or group of miners controls more than 51% of the network's mining power, potentially enabling them to manipulate transactions and the blockchain.

Airdrop:

A distribution of free cryptocurrency tokens to the holders of a specific blockchain's cryptocurrency, often as a marketing or promotional strategy.

Algorithm:

A set of rules or processes that a computer follows to perform a specific task. Cryptocurrencies use various algorithms for mining and security.

Altcoin (Alt):

Any cryptocurrency other than Bitcoin are called altcoins. Examples include Ethereum (ETH), Ripple (XRP), and Litecoin (LTC).

Alt Season:

A period in the cryptocurrency market when alternative cryptocurrencies (altcoins) experience significant price increases, often following or preceding a Bitcoin bull market.

ATH (All-Time High):

The highest price ever reached by a cryptocurrency.

Bear Market:

A prolonged period of declining cryptocurrency prices and overall negative market sentiment, leading to selling and pessimism.

Bitcoin (BTC):

The first and most well-known cryptocurrency, created by an anonymous entity known as Satoshi Nakamoto in 2009. It serves as both a digital currency and a store of value.

Blockchain:

A distributed and immutable ledger that records all transactions across a network of computers. Each block contains a group of transactions, and they are linked together in a chain.

Bull Market:

A period of rising cryptocurrency prices and positive market sentiment, encouraging buying and investment.

Cold Storage:

A method of storing cryptocurrencies offline, typically on hardware wallets or paper wallets, to enhance security by reducing exposure to online threats.

Crypto Exchange:

Online platforms where users can buy, sell, or trade cryptocurrencies for other digital or fiat currencies.

Decentralization:

The distribution of control and data across a network of nodes (computers) rather than a central authority. Cryptocurrencies are often praised for their decentralized nature.

DEX (Decentralized Exchange):

An exchange platform that operates without a central authority, allowing users to trade cryptocurrencies directly from their wallets.

DeFi (Decentralized Finance):

A category of blockchain-based financial services and applications that aim to recreate traditional financial systems with decentralized technologies.

Distributed Ledger Technology (DLT):

A broader term encompassing technologies like blockchain, which distribute and record data across multiple nodes.

Ethereum (ETH):

The second-largest cryptocurrency by market capitalization, known for its smart contract functionality and role in the development of decentralized applications (DApps).

Ethereum Gas Limit:

The maximum amount of gas units that can be consumed in an Ethereum transaction, which determines the complexity and execution of smart contracts.

Exchange Rate:

The value of one cryptocurrency in terms of another or in relation to fiat currency (e.g., BTC/USD).

Fiat Currency:

Traditional government-issued currency, such as the US dollar (USD), the euro (EUR), or the Japanese yen (JPY).

Fiat On-Ramp/Off-Ramp:

Services or platforms that allow users to convert fiat currency into cryptocurrency (on-ramp) or vice versa (off-ramp).

FOMO (Fear of Missing Out):

The anxiety or fear of missing out on potential profits in the cryptocurrency market, leading to impulsive buying.

FUD (Fear, Uncertainty, Doubt):

Spreading negative information or rumors to create fear and uncertainty in the cryptocurrency market.

Gas Fee:

The fee paid for processing transactions and smart contracts on blockchain networks like Ethereum.

Genesis Block:

The very first block in a blockchain, used as the foundation for the entire chain.

Halving:

An event that reduces the reward given to miners for adding new blocks to the blockchain, typically occurring at regular intervals in cryptocurrencies like Bitcoin.

Hard Wallet:

Another term for hardware wallet, a physical device used for secure storage of cryptocurrencies.

Hashrate:

The computational power or processing speed of a blockchain network, often measured in hashes per second (H/s).

HODL:

A misspelling of "hold," often used in the cryptocurrency community to express a long-term investment strategy rather than selling.

ICO (Initial Coin Offering):

A fundraising method in which new cryptocurrencies or tokens are sold to investors before they are officially launched, similar to an initial public offering (IPO).

Initial Exchange Offering (IEO):

A fundraising method in which a cryptocurrency project launches and sells its tokens on a cryptocurrency exchange.

Jellybean:

Slang term for small, lesser-known cryptocurrencies with low market capitalization.

JOMO (Joy of Missing Out):

A play on FOMO, signifying contentment with not participating in a particular investment or trend.

KYC (Know Your Customer):

Regulatory requirements that obligate cryptocurrency exchanges and businesses to verify the identity of their customers.

Lambo:

Short for Lamborghini, used humorously in the crypto community to describe the dream of making huge profits.

Liquidity:

The ease with which a cryptocurrency can be bought or sold in the market without significantly affecting its price.

Liquidity Pool:

A reserve of cryptocurrency assets locked in a smart contract on a decentralized exchange (DEX) used to facilitate trading.

Margin Trading:

A trading strategy that allows users to borrow funds to trade larger positions than their account balance, increasing both potential profits and losses.

Market Cap (Market Capitalization):

The total value of a cryptocurrency, calculated by multiplying its current price by the total circulating supply.

Market Order:

A type of cryptocurrency trade order in which the trader buys or sells at the current market price.

Mining:

The process by which new cryptocurrency coins are created and transactions are verified on a blockchain network. Miners use powerful computers to solve complex mathematical puzzles.

Nakamoto Consensus:

The consensus mechanism used in Bitcoin and other proof-of-work (PoW) cryptocurrencies, named after Bitcoin's pseudonymous creator, Satoshi Nakamoto.

NFT (Non-Fungible Token):

A unique digital asset that represents ownership or proof of authenticity of a specific item, often used for digital art, collectibles, and virtual real estate.

Node:

A device or computer that participates in the maintenance and validation of a blockchain network.

Orphan Block:

A block that is successfully mined but not included in the main blockchain due to a temporary fork in the network.

OTC (Over-the-Counter):

A method of trading cryptocurrencies directly between buyers and sellers, typically for large quantities or institutional trading.

P2P (Peer-to-Peer):

A direct interaction between individuals or entities without the need for intermediaries, often used to describe cryptocurrency transactions.

Pump and Dump:

An illegal scheme where the price of a cryptocurrency is artificially inflated (pumped) to attract investors, followed by a rapid sale (dump) by the manipulators to profit, causing a sharp price drop.

QR Code:

A quick response code that stores information, often used in cryptocurrency for easy wallet address sharing.

Ransomware:

Malicious software that encrypts a victim's data and demands a cryptocurrency ransom for its release.

Rekt:

A slang term used in the crypto community to describe significant losses or a bad investment outcome.

ROI (Return on Investment):

A measure of the profitability of an investment, calculated as a percentage of the initial investment.

Satoshi:

The smallest unit of Bitcoin, named after its pseudonymous creator, Satoshi Nakamoto. One Bitcoin is equivalent to 100 million Satoshis.

Security Token:

A type of cryptocurrency token that represents ownership in an asset, such as real estate or company shares, and is subject to securities regulations.

Smart Contract:

Self-executing contracts with predefined rules and conditions that automatically execute when specific conditions are met. They run on blockchain platforms like Ethereum.

Staking:

The process of participating in a proof-of-stake (PoS) blockchain by locking up and holding a cryptocurrency to support network operations and earn rewards.

Token:

A unit of value issued by a project or platform built on a blockchain. Tokens can represent assets, access rights, or utility within a specific ecosystem.

Token Swap:

The process of exchanging one cryptocurrency token for another, often during a project

Tokenization:

The process of representing real-world assets or rights as digital tokens on a blockchain, enabling easier trade and transfer.

Uniswap:

A decentralized exchange (DEX) and liquidity pool protocol built on the Ethereum blockchain.

Utility Token:

A cryptocurrency token that has a specific use within a blockchain project's ecosystem, such as accessing services or products.

Unconfirmed Transaction:

A cryptocurrency transaction that has been broadcast to the network but has not yet been included in a confirmed block.

Volatility:

The degree of price fluctuations in the cryptocurrency market, which can be high compared to traditional financial markets.

Vitalik Buterin:

The co-founder of Ethereum, a prominent figure in the cryptocurrency space, and a major contributor to blockchain technology.

Wallet:

A digital tool or software that allows users to store, send, and receive cryptocurrencies. Wallets can be hardware-based, software-based, or even paper wallets.

XRP:

The native cryptocurrency of the Ripple network, used for fast and low-cost cross-border payments.

Yield Farming:

A DeFi strategy in which users provide liquidity to a protocol in exchange for rewards or interest.

Zero Confirmation Transaction:

A transaction that has been broadcast to the network but is not yet included in a confirmed block.

Zero-Knowledge Proof:

A cryptographic method that allows one party to prove the authenticity of information without revealing the information itself.

Conclusion

From Bitcoin to DeFi, our glossary covers a wide range of topics with clarity and expertise. Whether you're an investor, trader, or simply curious, let our glossary be your trusted companion on this exciting journey.

So, dive in and start decoding the crypto language, one term at a time. Knowledge is your key to success in the crypto ecosystem.

Let's get started with Zelta's Community Page which will help you find great cryptocurrency communities on different platforms!

Also, we do have our very own Discord, hop in and say hi and share your stories with us! We would be more than happy to hear it!

Image Credits: Bittrex;

It is the native digital currency of the HAQQ blockchain, a community-driven platform dedicated to fostering a Shariah-compliant financial ecosystem. In this article, we will explore Islamic Coin in detail, addressing key aspects such as its nature, acquisition methods, strategic partnerships, and its ethical mission.

What is Islamic Coin in Crypto?

Islamic Coin, or ISLM, is a cryptocurrency designed to adhere to Shariah principles, making it permissible (halal) in Islam. It operates on the HAQQ blockchain, which is built on the Cosmos SDK.

This cryptocurrency is the brainchild of ICNetwork Ltd, a privately financed technological enterprise founded by blockchain and fintech experts like Andrey Kuznetsov, Alex Malkov, Mohammed AlKaff AlHashmi and Hussein Mohammed Al Meeza.

Is the Islamic Coin Shariah Compliant?

At the heart of Islamic Coin's identity is its unwavering commitment to Shariah compliance.

Unlike many cryptocurrencies that have faced scrutiny for their compatibility with Islamic principles, ISLM Coin has sought validation through a Fatwa – a significant Islamic ruling – from renowned Islamic scholars and professionals in Islamic banking.

This Fatwa serves as a rigorous validation of ISLM Coin's adherence to the core principles of Shariah.

How is the Islamic Coin Shariah Compliant?

Islamic Coin operates on a profit-and-loss sharing system, aligning itself with the prohibition of interest-based lending in Islamic finance.

Every transaction within the HAQQ blockchain is meticulously recorded on a decentralized ledger, ensuring transparency and compliance.

The commitment to these principles makes ISLM Coin a genuinely Shariah-compliant digital asset, bridging modern finance with ethical financial practice.

What are the key features of Islamic Coin (ISLM)?

Let's check out ISLM token's features below:

Philanthropy at Its Core:

Islamic Coin doesn't just stop at being Shariah-compliant; it goes above and beyond by dedicating 10% of each issuance to support philanthropic endeavors.

This aligns with the Islamic principle of zakat, one of the core pillars of Islam, emphasizing charity and community well-being.

Ecosystem Integration:

Unlike traditional cryptocurrencies that cater primarily to crypto-native individuals, Islamic Coin's vision extends to bridging the gap between crypto-native and non-crypto audiences.

It aims to seamlessly integrate into various aspects of daily life, from social media interactions to healthcare services.

Strategic Partnerships:

Islamic Coin has forged a strategic partnership with Republic Crypto, the Web3 advisory branch of digital finance firm Republic. This collaboration is pivotal in refining ISLM Coin's market approach, tokenomics, DAO governance, and long-term value strategies.

It represents a significant step towards making ISLM Coin accessible to a broader audience, including retail investors, which was previously limited to large venture capital funds.

Alpha Blue Ocean and Other Investors:

Islamic Coin's journey towards shaping the ethical finance landscape has been fueled by substantial investments.

The project has raised over $400 million, thanks to the support of prominent investors such as Alpha Blue Ocean's ABO Digital, DF101, Futurecraft Ventures, and Optic Capital.

These investments underscore the confidence and belief in ISLM Coin's innovative approach and potential impact on the digital asset space.

DDCAP Group Integration:

Another feather in Islamic Coin's cap is its exclusive integration with DDCAP Group, along with its extensive network of over 300 Islamic banks.

This strategic partnership further solidifies ISLM Coin's position in the world of Shariah-compliant finance, enhancing its reach and impact.

Is the ISLM Coin token Pre-Sale live?

Yes, the Pre-Sale for ISLM Coin is still live at the time of writing this article. The minimum amount required to buy Islamic Coin in the pre-sale is $50 and the maximum investment one can put is set at $1 Million.

How much is 1 Islamic Coin (ISLM)?

Since the ISLM Coin is not available to the masses as of yet, it’s not possible to get a set price for it. But for the pre-sale, the team has decided to price it at 0.3$ per Islamic Coin. The minimum investment in the pre-sale would get you 166.66 ISLM Tokens.

What is the Deadline of the ISLM Coin Pre-Sale?

The Deadline for the Islamic Coin Pre-Sale is October 3, 2023 at 6:59 AM UTC. Be sure to buy some after DYOR on ISLM token before the deadline.

What is the funding goal for the Islamic Coin Pre-Sale?

ISLM Coin’s goal for this Pre-Sale is $43M, with a maximum of $1M one can put into the pre-sale of ISLM coin. Currently they’re sitting at $981,372 in the current pre-sale.

How Much Did Islamic Coin Raise Overall in funding?

ISLM Coin has previously raised over $400 million in funding, with contributions from notable investors such as ABO Digital, DF101, Futurecraft Ventures, and Optic Capital.

This substantial financial backing has supported the project's growth and development.

How to Purchase ISLM Coin?

Currently, the pre-sale is live and you can go ahead and buy some tokens from the pre-sale. Typically, Pre-sales are a great opportunity to buy a token for cheap. Don’t take our word for it, remember to always Do Your Own Research (DYOR).

Where will Islamic Coin (ISLM) be listed?

Although there has not been any official announcement made the ISLM token would most probably be listed in these exchanges has they have come as potential candidates

Binance: The Titan of Exchanges

Binance, often hailed as the titan of the cryptocurrency sphere, boasts an expansive array of digital coins, fortified security protocols, and a user-friendly interface.

With an extensive and diverse user base, Binance stands tall as one of the foremost cryptocurrency exchanges.

If ISLM were to find a place on Binance, it would open doors to unparalleled exposure before a vast audience of crypto enthusiasts and traders.

Binance's reputation for championing innovative projects perfectly aligns with ISLM's distinctive proposition as a Sharia-compliant digital currency.

The exchange's robust liquidity and substantial trading volume would pave the way for seamless transactions involving ISLM, catalyzing its widespread adoption.

KuCoin: The Booming Exchange

KuCoin, distinguished by its rapid expansion and unwavering commitment to offering a wide spectrum of cryptocurrencies, has carved a niche for itself in the cryptocurrency arena.

KuCoin has found favor among traders seeking diversified digital assets and has garnered a devoted following.

The possibility of ISLM finding its footing on KuCoin holds promise, particularly considering the exchange's focus on serving a multifaceted crypto community.

KuCoin's user-friendly interface and its readiness to embrace innovative projects are in harmony with ISLM's vision of connecting with Muslim communities worldwide.

Moreover, KuCoin's reach across various markets could prove instrumental in establishing ISLM's recognition in regions where other exchanges might struggle to gain a foothold.

Huobi: The Global Impact

Huobi, a prominent entity in the cryptocurrency realm, is renowned for its global outreach and an extensive array of digital assets. Being one of the pioneering cryptocurrency exchanges, Huobi has solidified its reputation and cultivated a substantial user base over time.

For ISLM, securing a listing on Huobi could signify a strategic move toward garnering attention in the MENA region and beyond. Huobi's proficiency in catering to diverse markets positions it as a valuable partner for ISLM, especially in regions with a significant Muslim populace.

Furthermore, Huobi's unwavering commitment to regulatory compliance and security aligns seamlessly with ISLM's adherence to Sharia principles, bestowing users with a sense of assurance during their transactions.

When will ISLM Coin be listed on cryptocurrency exchanges?

Since the ISLM coin is currently at the pre-sale stage, it’s not currently listed anywhere.

But we’ve got good news for you ISLM coin enthusiasts, according to Islamic Coin’s Roadmap, the coin should be listed anytime in the Third Quarter of 2023, which means it could be anytime now, precisely between July and September.

Since the third quarter of 2023 is almost over, many have speculated it could be just as soon as the pre-sale ends or early in the fourth quarter of 2023.

Conclusion

ISLM Coin stands as a beacon of innovation and ethics in the world of cryptocurrencies. Its unwavering commitment to Shariah compliance, dedication to philanthropy, and strategic partnerships make it a transformative force in the global Islamic finance market.

While debates on the permissibility of cryptocurrencies in Islamic law persist, Islamic Coin's journey to bridge the gap between modern finance and ethical financial practice continues to shape the financial landscape for the better.

Trade $BTC and 200+ other assets with 0 fees* on Zelta.io

(Image Credits: Huobi; Binance; Kucoin; dragonfruit5555 (From Medium); Peakd; Hive;)

(Read More: DeFi Portfolio Trackers)

To stay on top of one’s investments, both beginners and experienced crypto enthusiasts turn to DeFi Portfolio trackers. These tools act as financial compasses, offering real-time insights, consolidated views of assets, and profit and loss calculations.

In this comprehensive guide, we'll explore the world of DeFi portfolio trackers, why they are crucial, how they operate, and where you can delve into the portfolios of major investors.

What Is a DeFi Portfolio Tracker?

At its core, a portfolio tracker is a tool designed to simplify the management of your investments.

It provides an all-in-one view of your DeFi assets, offering real-time updates on their performance and value.

These trackers serve as a financial command centre, aggregating data from various wallets, exchanges, and blockchain networks into a single, user-friendly interface.

Why Use a DeFi Portfolio Tracker?

The DeFi ecosystem comprises multiple blockchain protocols, tokens, and decentralized applications (DApps). This diversity means that investors often hold assets across multiple networks, interact with various wallets, and engage with decentralised exchanges (DEXs) on different blockchains.

Even institutions venturing into DeFi require accessible solutions to monitor their crypto assets.

This is where DeFi portfolio trackers shine, addressing several critical needs:

Real-Time Insights:

DeFi portfolio trackers provide users with instant, real-time updates on the performance of their assets. Given the volatility of the crypto market, this feature is indispensable for making informed investment decisions.

Streamlined Analysis:

Without these trackers, investors would need to manually check multiple wallets and DEXs to assess their holdings—a time-consuming and inefficient process. Portfolio trackers streamline this by offering a consolidated view of all assets.

Profit and Loss Monitoring:

Evaluating gains and losses is fundamental to any investment strategy. DeFi portfolio trackers automatically calculate these metrics, offering a clear picture of your investment performance over time.

Where to Find Portfolios of Major Investors?

Wondering where one can peek into the portfolios of significant investors? DeFi portfolio trackers can provide insights into the holdings of prominent figures in the crypto space.

Platforms like Nansen, Zapper, and DeBank offer features that allow one to explore the wallets and investments of key players.

This not only provides valuable insights into market trends but also helps one make informed investment choices by observing the strategies of experienced investors.

How Do DeFi Portfolio Trackers Work?

So, how do these DeFi portfolio trackers work their magic? These tools are designed to connect with a variety of exchanges, wallets, and crypto services where one stores their assets.

They can integrate seamlessly with your preferred platforms, providing a unified view of someone’s entire crypto portfolio on a single screen.

Here are some key functionalities:

Real-Time Tracking:

Users can monitor the value of their investments in real-time, even across multiple networks and wallets.

Record-Keeping:

Portfolio trackers store information about past transactions, including their value and origin or destination.

Profit and Loss Tracking:

These trackers calculate profits and losses, a feature often lacking in popular wallets.

Single View:

DeFi portfolio trackers offer a consolidated view of crypto holdings, making it easier to manage crypto investments.

Compatibility:

Many of these trackers are compatible with hardware wallets, simplifying the tracking of funds stored in cold wallets.

Best DeFi Portfolio Trackers: Navigating the Options

Several DeFi portfolio tracking tools are available to meet various needs. Let's take a look at some of the top options:

Zerion:

Choosing the right DeFi portfolio tracker depends on your specific needs and preferences. Zerion excels in providing a user-friendly experience, robust security, and a wide range of supported networks.

However, its Ethereum-centric approach and limitations in tracking centralized exchange assets may not suit everyone.

Pros:

Multi-Network Support:
Zerion offers the convenience of trading across more than 10 blockchain networks, including Ethereum, Polygon, and Binance Smart Chain. This expansive network support broadens your access to diverse assets.

Unified Wallet:
With the Zerion Wallet, users can effortlessly connect to various decentralized applications (DApps). This single wallet approach streamlines access to the DeFi ecosystem, eliminating the need for multiple wallets.

User-Friendly Interface:
Zerion stands out because of its straightforward and simple interface. Navigating the platform is simple, making it usable by a large audience whether you're an experienced crypto enthusiast or a newcomer.

"Social Crypto" Feature:
Zerion adds a social element to crypto management by allowing users to follow other wallet addresses, ENS handles, and NFT collections. This feature fosters community and collaboration within the platform.

Security Audits:
Zerion has taken security seriously by subjecting itself to independent audits by reputable firms like Trail of Bits and Vulners. These audits enhance user confidence in the platform's safety.

Live Price Updates:
Staying updated with real-time price information is crucial for crypto investors. Zerion provides live price updates, ensuring users have the latest market data at their fingertips.

Non-Custodial Approach:
Zerion uses a non-custodial model, with user security as a top priority. By giving users complete control over their assets, this strategy lowers the risk connected with centralised exchanges.

Cons:

Limited Portfolio Tracking:
Zerion's portfolio tracking is exclusive to non-custodial wallets. Unfortunately, it does not display assets held on centralized exchanges. Users with assets across both types of wallets may find this limitation inconvenient.

Ethereum-Centric:
While Zerion offers multi-network support, it remains primarily centered around the Ethereum ecosystem.

Zapper:

Zapper is a fintech platform based in Canada that aims to simplify DeFi asset management. It allows users to monitor their holdings and perform trades through decentralized exchanges (DEXs). Zapper has garnered significant attention, raising an impressive $17 million in funding for product development.

Pros:

User-Friendly Interface:
Zapper boasts a simple and intuitive user interface, making it accessible to both newcomers and experienced DeFi enthusiasts.

Categorization:
One of Zapper's standout features is the ability to categorize investments into protocols, platforms, and networks.

Wide Network Support:
Zapper supports cryptocurrencies from 11 different networks, including Ethereum, Polygon and BNB Chain.

Bridge Functionality:
Asset transfers between supported chains are simplified with Zapper's bridge feature, streamlining the process for users.

Pool Integration:
Zapper seamlessly integrates with various DeFi pools, including SushiSwap, PancakeSwap, and Curve, allowing users to deposit their assets easily.

Basic Token Swapping:
Zapper offers a straightforward token swapping interface for users looking to make quick exchanges.

Cons:

Limited Blockchain Support:
Zapper's primary limitation, just like Zerion, is its exclusive focus on the Ethereum ecosystem, lacking support for other blockchains.

DeBank

DeBank is a DeFi portfolio tracker that stands out for its comprehensive data offerings, multi-chain support, and asset-swapping capabilities. It empowers users with the tools they need to navigate the complex world of decentralized finance.

If you value extensive data analysis and multi-chain compatibility, DeBank may be a strong contender. Before going ahead with DeBank, check out the pros and cons.

Pros:

Comprehensive Data and Analytics:
DeBank shines in providing data and analytics for a wide range of DeFi protocols, including decentralized lending, stablecoins, margin trading, and decentralized exchanges (DEXes). This feature empowers users with the information they need to make informed investment decisions.

Multi-Chain Support:
DeBank offers compatibility with a variety of blockchain networks, such as Ethereum, Binance Smart Chain, Polygon, Fantom, and more. This extensive multi-chain support ensures that users can track their assets regardless of the blockchain they are on.

Asset Swapping:
DeBank's "DeBank Swap" tool allows users to compare on-chain prices across different DEXes, ensuring that they get the best possible prices for their asset swaps. This feature can potentially save users money and increase their returns.

Flexible Wallet Integration:
Users can conveniently track their portfolios by connecting various wallets, including MetaMask, Rabby wallet, Coinbase wallet, or by entering an Ethereum address supported by the Ethereum Name Service (ENS). This flexibility makes it easy for users to manage their assets.

Cons:

No Demo Available:
DeBank's notable drawback is the absence of a demo version. Without a demo, potential users may find it challenging to explore the platform's features and interface before committing to it.

Limited Resources:
The platform also suffers from a lack of available resources, making it difficult for users to access educational materials and support when needed.

Data Inaccuracy Concerns:
One article raises concerns about the accuracy of data extraction, particularly regarding user statistics. This could impact the reliability of certain data points provided by DeBank.

Coinstats:

CoinStats is a widely recognized platform with over 1.2 million users, positioning itself as the "All-In-One Platform for Managing All Your Crypto and DeFi Assets." Based in Armenia, it has raised $4.4 million in funding.

Pros:

Diverse Portfolio Management:
CoinStats excels at managing extensive and varied portfolios comprising different cryptocurrencies and DeFi assets.

Extensive Platform Support:
The platform boasts compatibility with more than 70 platforms, including popular ones like Binance, Metamask, Coinbase, and many more.

In-Depth Market Insights:
CoinStats provides detailed market insights and tracking tools for Bitcoin and over 8000 other coins, helping users make informed decisions.

Customized Crypto News:
It aggregates crypto news from 40+ sources and personalizes the presentation to match user preferences.

Transaction History Analysis:
Users can gain insights into past transactions, including profit and loss (P&L) analytics.

Fiat-to-Crypto Purchases:
CoinStats facilitates the purchase of cryptocurrencies with fiat currency through credit card transactions.

Multi-Device Accessibility:
It's accessible on laptops, desktops, and mobile devices, offering flexibility and convenience.

Cons:

Subscription Fee:
After a 7-day free trial, CoinStats requires users to subscribe at a cost of $9.99 per month, billed annually unlike the ones shared above which are Free-To-Use.

Delta

Delta, founded in 2017, has evolved into a versatile investment tracker used in over 115 countries, with more than 3 million downloads.

In 2019, it was acquired by eToro, a prominent global investment platform. Real-time access to price changes throughout various asset classes is what makes Delta interesting.

Pros:

All-in-One Solution:
Delta simplifies the lives of investors by offering a unified platform to track stocks, cryptocurrencies, and other investments. No need to switch between apps.

Extensive Cryptocurrency Support:
With Delta, you're not limited to just Bitcoin and Ethereum. It covers over 7000 altcoins, ensuring you stay updated on the entire crypto market.

Wide Exchange Support:
Delta supports more than 300 exchanges, including heavyweights like Binance, Kraken, and Bitstamp. It means you can monitor your investments wherever you trade.

Portfolio Insights:
Stay informed about your investments with Delta's portfolio balance and total Profit and Loss (P&L) metrics. Get a snapshot of your performance over the last 24 hours or since you started investing.

Market Trends:
Delta's market overview and watchlist features help you keep an eye on the latest trends and price changes, allowing you to make informed decisions.

Multiple Portfolios:
Managing different investment portfolios is a breeze with Delta. Whether you're tracking personal holdings or managing portfolios for different clients, Delta accommodates it all.

Cons:

Subscription Cost:
Delta PRO comes at a price, with a monthly cost of $8.99 or an annual subscription of $59.99. While it offers great features, this cost may be a consideration for some users.

No Trading Within the App:
It's essential to note that Delta doesn't support trading within the app. Users must execute their trades on the respective exchanges they are tracking through Delta.

Mobile-Only:
As of now, Delta is exclusively available as a mobile app, lacking a desktop version. This could be a limitation for those who prefer managing investments on a computer.

Conclusion:

In the dynamic world of DeFi, where opportunities abound, DeFi portfolio trackers are your indispensable allies. They offer real-time insights, streamlined analysis, and profit and loss tracking, simplifying your investment journey.

Whether you're an experienced investor or just entering the DeFi landscape, these tools provide the clarity and convenience needed to navigate the complexities of decentralized finance.

So, explore the options, choose the one that aligns with your strategy, and let your DeFi portfolio tracker be your guiding light in the crypto universe.

In Short, DeFi Portfolio Trackers are one of your best DeFi Investment Allies!

Image credits: Zerion; Golden; Publish0x; DeBank; CoinCodex; CryptoSlate; CoinGuides.

(Read More: Killer Whales, Web3's Shark Tank)

In recent years, the world of cryptocurrency and blockchain technology has evolved at an astonishing pace.

From the early days of Bitcoin to the birth of NFTs and DeFi, the crypto landscape has witnessed a remarkable transformation. However, with this growth comes the need for education and awareness.

Enter "Killer Whales," a unique reality show that combines the allure of entertainment with the complexities of Web3 technology.

'Killer Whales' TV Show: The Merging of Crypto and Entertainment

"Killer Whales" represents a groundbreaking collaboration between CoinMarketCap, a renowned cryptocurrency price tracking platform, and Hello Labs, a Web3 entertainment company founded by Paul Caslin, a multi-award-winning Hollywood director and producer.

The companies behind “Killer Whales” is CoinMarketCap and Hello Labs. They seek to bridge the gap between the crypto industry and mainstream entertainment by introducing a captivating reality show.

What is Killer Whales?

The concept behind "Killer Whales" draws inspiration from the widely known TV series called "Shark Tank." In this innovative show, aspiring entrepreneurs in the cryptocurrency and NFT space pitch their groundbreaking projects to a panel of industry experts and judges known as "Whales."

These experts evaluate the projects, offering "Swim" or "Sink" votes, determining the fate of each venture.

What is the Educational Aspect in Killer Whales Crypto TV Show?

Beyond entertainment, "Killer Whales" serves as an educational platform, demystifying the intricacies of the Web3 world.

As contestants present their crypto and NFT ventures, viewers gain valuable insights into blockchain technology, decentralized finance, and the broader cryptocurrency ecosystem.

This educational dimension is particularly vital as it fosters a deeper understanding of the potential and significance of Web3 innovations.

How does Killer Whales help Web3 Entrepreneurs?

"Killer Whales" provides a unique opportunity for both seasoned entrepreneurs and newcomers to the crypto space. Contestants vie for the coveted position at the top of the series leaderboard, aiming to be crowned the series winner.

This recognition not only boosts their credibility but also opens doors to mentorship and support from the "Whales."

What sets Crypto TV Show Killer Whales apart from Shark Tank?

The thing that sets "Killer Whales" apart is its interactive nature. The show encourages active participation from the Web3 community.

Viewers have the power to vote for their favorite projects and NFTs, fostering a sense of community and support within the crypto space.

This collaborative approach amplifies the voices of crypto visionaries, allowing them to shape the future of the industry.

How does one get into Killer Whales Web3 Series?

The journey of "Killer Whales" begins with auditions, where interested candidates submit their applications through Hello.one and CoinMarketCap.

Professional representatives of industry experts review these applications, selecting projects that show promise and innovation.

The chosen projects proceed to rounds of interviews in Los Angeles, setting the stage for the filming of the show, which is scheduled to commence in 2024.

Will Killer Whales focus only on Web3 audience?

"Killer Whales" is not limited to a niche audience. It is poised to reach a global viewership as it gets released across major streaming services.

This accessibility ensures that the show's educational and entertainment value can be enjoyed by audiences worldwide, furthering the mission to introduce Web3 innovations to the masses.

Is Killer Whales The First Web3 TV Show?

The emergence of "Killer Whales" is just one example of the growing influence of Web3 technologies in the entertainment industry.

Previously, "Hold On for Dear Life," the first scripted TV show centered around digital assets, made waves.

Toonstar, a Web3 story studio, has also announced the release of its new adult-animated series, "Space Junk," marking a significant milestone in the realm of Web3 entertainment.

Moreover, "Krapopolis," a Web3 animated TV series by Dan Harmon, co-creator of "Rick and Morty," is slated for release in the near future, further illustrating the transformative potential of Web3 in entertainment.

Who are the Judges in the Crypto Killer Whales Reality TV Show?

The Judges, also known as the “Killer Whales” consists of popular crypto influencers, founders and even some VCs. Let’s take a quick look at them, shall we?

1. Mario Nafwal

Meet Mario, the man who's truly wired into Twitter! He's not just a successful entrepreneur behind the Athena Group, with a reach spanning over 30 countries, but he's also the mastermind behind some cool e-commerce ventures.

And guess what? He's hosting one of the biggest Twitter shows out there!

Mario Nafwal Twitter Handle - (Twitter Link)

2. Illa Da Producer

Illa DaProducer is a big-shot in music, with 12 platinum records and a Grammy nod.

But he's not just about music; he's also the go-to guy for partnerships and community stuff at Yuga Labs, where he's making cool connections and helping things grow and change in exciting ways.

Illa Da Producer Twitter Handle - (Twitter Link)

3. Anthony Scaramucci

Anthony, a finance veteran with over 30 years of experience, is a familiar face on TV, sharing his frank opinions on CNBC and other news shows.

He's been hailed as a big shot in finance by Forbes and Worth magazines, and he doesn't hold back when it comes to speaking his mind.

Anthony Scaramucci Twitter Handle - (Twitter Link)

4. Ran Neuner

Ran Neuner is like a business wizard who's rocked two worlds. First, he built Africa's biggest marketing company, The Creative Counsel Group, and sold it for a cool $150 million.

Now, he's in the crypto game, running Crypto Banter, the place to be for the hottest crypto info and the world's biggest live crypto show.

Ran Neuner Twitter Handle - (Twitter Link)

5. Gracy Chen

Gracy Chen is the boss at Bitget, where they do crypto trading stuff. She's really good at it and helped Bitget become super popular in the crypto world.

She's been into crypto since 2014 and knows all about numbers and data, thanks to her fancy degree from MIT in math.

Gracy Chen Twitter Handle - (Twitter Link)

6. Kevin Sonei

Kevin Sonei, or "kmoney," is a super funny guy from sunny Los Angeles. He's been making hilarious videos for more than a decade and doing stand-up comedy for three years.

With over 420,000 fans on TikTok and a whopping 60,000,000+ views, he's now rocking the Web3 world, with 100,000 Twitter Followers and a cool 20,000,000 monthly peeps checking out his stuff.

Kevin Sonei Twitter Handle - (Twitter Link)

7. Yevheniia Broshevan

Yevheniia Broshevan is like a cybersecurity superhero! She's the co-founder of Hacken.io, where she keeps important projects like Killer Whales safe from online baddies.

She's also the CEO at HackenProof, a cool platform that brings together over 20,000 good-guy hackers to make the internet a safer place. Plus, she's got a Master's Degree in Computer Science and Information System Security – talk about smart!

Yevheniia Broshevan Twitter Handle - (Twitter Link)

8. Alex Finn

Meet NFT God, aka Alex Finn, the tech-savvy guru behind "1% Better."

With a background in computer stuff and lots of tech experience, he's on a mission to help folks in the Web 3 world learn how to make a living in today's digital age. Cool, right?

Alex Finn Twitter Handle - (Twitter Link)

9. Wendy O

Wendy is a cryptocurrency whiz who loves sharing her crypto trading secrets and tech tips at big events.

She's also the go-to gal for a bunch of cool blockchain projects. Plus, don't let her size fool you; her personality is larger than life!

Wendy O Twitter Handle - (Twitter Link)

10. Austin Arnold & Aaron Arnold

Meet Austin and Aaron, the two brothers behind Altcoin Daily, a super popular crypto channel that started in 2018.

They chat about all things crypto, like Bitcoin and Web3, and make it easy to understand for everyone. With over 2 million subscribers, they're like the cool crypto guides you never knew you needed!

Austin Arnold & Aaron Arnold Twitter Handle - (Twitter Link)

11. Cordell Broadus

Cordell, known as the "Fresh Prince of Web3," is making a splash in the world of cryptocurrency and entertainment. With cool investments in Moonpay and Sandbox, he's like the crypto kingpin with a knack for finding hidden treasures in the digital world.

Plus, he's got connections everywhere, especially in the artsy NFT scene. This guy's all about mixing crypto with entertainment, and it's kinda awesome!

Cordell Broadus Twitter Handle - (Twitter Link)

After a thorough scraping of all social media channels, we can confirm that they only have an X (Formerly Twitter) page, check their profile out below 👇https://twitter.com/KillerWhalesTV

Conclusion:

As "Killer Whales" prepares for its debut in 2024 (Source), it represents a significant step in bridging the gap between the crypto industry and mainstream entertainment.

This innovative collaboration between CoinMarketCap and Hello Labs showcases the power of entertainment as a vehicle for education, awareness, and engagement in the world of Web3.

Stay tuned for an exciting blend of crypto and entertainment as "Killer Whales" takes center stage, enriching both crypto enthusiasts and newcomers with its valuable insights and captivating content.

(Image Credits: Twitter; The Handbook; Linkedin; Business Insider; Skybridge; All Hiphop;)

Also Read: What is RollBit?

Its main selling point lies in its unique blend of Ethereum compatibility and cross-chain integrations, offering developers a platform for their decentralized dreams.

Solving Ethereum's Scalability Challenges

Ethereum, the state-of-the-art blockchain that is known for its smart contracts, has not been immune to its own set of challenges. The high surge in gas fees and the growing burden of capacity limitations have cast shadows over Ethereum's otherwise revolutionary potential.

Enter Moonbeam, the good side to these scalability issues.

Moonbeam brings in a promising solution, providing a bridge that connects the Ethereum and Polkadot ecosystems seamlessly. What's even more remarkable is that it empowers developers with the freedom to wield their trusted Ethereum development tools with only minimal adjustments, making the transition effortless and empowering.

The Rising Moonbeam Network

Since its launch, the Moonbeam Network has been on an upward trend, creating a remarkable journey that commands our attention. Let's embark on a data-driven mission to uncover the milestones that mark its progress.

Moonbeam Network Statistics (as of September 17th, 2023):

What is the Number of Unique Users on the Moonbeam Network?

A mind-blowing 18,864,843 unique users have connected to the Moonbeam Network. The highest increase in new addresses on the Moonbeam Network took place on the 28th of April 2023, which was an astonishing 417,653 new users in a single day!

What is the Average of Monthly Active Addresses on the Moonbeam Network?

In the Month of August, on average, 4090.74 addresses were active. As of 17th of September 2023, an impressive 4,049 addresses actively participated in the Moonbeam ecosystem, bringing more attention to this flourishing network.

The highest number of active addresses on the Moonbeam Network was recorded on the 20th of February 2023, which was a stunning 76,093 active users!

What is the Average Gas Price on the Moonbeam Network?

The network had an average gas price of 173.3 Gwei on the 17th of September 2023, ensuring cost-efficient transactions for its users. The average Gas Price for the entirety of August 2023 was 189.84 Gwei.

The highest average gas price ever recorded on the Moonbeam Network was 46,936.38 Gwei which took place on July 18th, 2023. Now isn’t that mind-boggling?

How Many Transactions take place on the Moonbeam Network?

As of August 2023, there were a total of 1,339,929 transactions took place. A dynamic 41,165 transactions took place on Moonbeam on the 17th of September 2023, reflecting its healthy activity and utility.

On August 2nd, 2022, Moonbeam broke their personal record of daily transactions, the new record set was 200,412 transactions/day, which is yet to be beaten.

When were the Least amount of Blocks and Block rewards mined in the Moonbeam Network?

The foundational blocks of Moonbeam's success are forged through 7,126 mined blocks, rewarding participants with 549.136 $GLMR Tokens.

The lowest number of mined blocks and block rewards were on March 12th 2023, the number of mined blocks was 2466 blocks and the rewards were 968.84 $GLMR Tokens.

What is the Average Block Size on the Moonbeam Network?

As of 17th September 2023, Moonbeam's blocks carried an average size of 5,841 Bytes, proving the network's efficiency. Curious to know what was the biggest blog size on the Moonbeam Network? It was 45,801 Bytes which happened to be on the 10th of February 2023.

What is the Average Time Moonbeam Network Takes to Add a Block to the Network?

The network's speed shines through as it took/ an average of approximately 12.14 seconds to add a new block on the 17th of September 2023, ensuring timely confirmation of transactions. The Longest time taken by the Moonbeam Network to add a block to the blockchain was 34.95 secs, this happened on March 12th, 2023. Also, it took an average of 12.11s to add a block in the Moonbeam Network in August 2023

Leading the Token Transactions

The Moonbeam Network's inner workings are highlighted by the insights uncovered within its Block Explorer. Amongst the many transactions, two wallets stand out as beacons of activity between September 11th and 17th, 2023.

Who sent the most GLMR Tokens recently?

A remarkable 8,541,121.48831 GLMR Tokens have flowed from this wallet, constituting an astonishing 16.95% of the total GLMR Tokens sent during September 11th and 17th, 2023. The Wallet Address is 0x0000000000000000000000000000000000001010 which belongs to Binance

Who received the most GLMR Tokens recently?

In return, this wallet received 8,883,578.51726724 GLMR Tokens, commanding an impressive 12.61% of the total GLMR Tokens received during September 11th and 17th, 2023. The Wallet Address is 0xB224228b0Fe71ceBf95EE25339166CD626759b52.

Top Transactions on the Moonbeam Network

Further exploring the network's bustling activity between September 5th and 11th, 2023, we encounter two wallets that have etched their names in the books of Moonbeam's transaction history:

Which Wallet did the most Outbound Transactions in the Moonbeam Network?

Wallet Address 0xe93685f3bBA03016F02bD1828BaDD6195988D950 takes the lead with 10,524 outbound transactions, an impressive feat that accounts for 12.64% of all transactions on the network between 11th and 17th of September 2023.

Which Wallet did the most Inbound Transactions in the Moonbeam Network?

On the flip side, Wallet Address 0xccCDD23E11F3f47C37fC0a7C3BE505901912C6Cc takes the crown for receiving 10,525 inbound transactions, constituting yet another 12.64% of all transactions within the network between 11th and 17th of September 2023.

Which Token on the Moonbeam Network is stored in Most Unique Wallet Addresses?

In the realm of tokens, one reigns supreme on the Moonbeam Network - the XEN Token (mbXEN). An astonishing 337,822 unique wallets have mbXEN stored in them, solidifying it’s status as the top token in terms of unique addresses.

What is the Max Supply Of Moonbeam ($GLMR) Token?

The Max Supply for $GLMR (Moonbeam) is 1,084,329,795 Tokens which is priced at $0.1705 per token at the time of writing.

Conclusion:

The future for Moonbeam Network looks quite promising. With an upward trend in growth and its unique features like Ethereum Compatability, we look forward to Moonbeam Network’s success.

(Trade Moonbeam (GLMR) and 200+ other coins with 0 fees* on Zelta.io)

(Image Credits: Moonscan)

In the world of blockchain technology, staying ahead of the curve is essential. This is where PAAL A.I. steps in as a reliable guide, equipped with an array of tools and features designed to empower you on your crypto journey, in short Paal AI presents itself as the Chat GPT of crypto.

What is PAAL AI?

PAAL A.I. is an innovative platform that harnesses the power of artificial intelligence (AI) to empower users within the dynamic world of blockchain technology.

It offers a suite of tools and features designed to provide comprehensive knowledge, support, and insights tailored to individual users' needs.

PAAL AI is a token based on the Ethereum blockchain. The tokenomics have been explained below.

Tokenomics of $PAAL

The $PAAL token is the utility token for the PAAL AI ecosystem. It offers governance power and staking benefits.

Tokenomics include revenue sharing, with sources of revenue such as whitelisted AI solutions, advertising, trading taxes, and future services.

The allocation of revenue involves the Paal Ecosystem Fund and rewards for stakers. The voting power on governance decisions is proportional to the number of tokens held.

Below are the technical details associated with $PAAL -

Token Name:
PAAL AI
Blockchain Platform:
Ethereum
Total Supply:
1,000,000,000 $PAAL Tokens
Taxes:
4% - buys & sell
1% - Stakers ETH payout [paalecosystemfund.eth]
1% - Marketing [paalmarketing.eth]
1% - Buyback & Burn [paalstaking.eth]
1% - Development [paalteam.eth]

(Source: PAAL AI Whitepaper)

Where to Buy/Swap $PAAL?

$PAAL tokens can be purchased or swapped on several cryptocurrency exchanges. Users are advised to conduct research and choose exchanges that support $PAAL trading.

Who is the founder of PAAL AI?

Although the PAAL AI founders haven’t been specifically outlined, the PAAL AI partners include Google Cloud, OKX and Flooz.

How to Stake PAAL AI?

Staking PAAL AI tokens allows users to contribute towards the platform's stability while also earning rewards.

To stake PAAL AI, follow these steps:

1. Visit the staking platform at rewards.paalai.io.

2. Choose a Staking Pool. Current PAAL AI offer the following pools:
   14 days: 10% of ETH rewards
   28 days: 30% of ETH rewards
   56 days: 60% of ETH rewards

3. Choose the pool of your choice and Stake.

This interest will be paid out in PAAL tokens and unlock advanced features or services. The more tokens staked, the higher the tier of service that becomes available.

Additionally, depending on the revenue generated the rewards can be claimed either weekly or bi-weekly.

(Learn more about: What is Staking?)

What are the uses of PAAL AI?

PAAL AI has a good range of powerful features which include:

Adaptive Chatbot:

Provides tailored responses based on users' unique needs and preferences.

Custom AI Training:

Allows users to train AI models with their datasets for specialised chatbots.

Multimodal AI:

Processes information from text, images, audio, and videos.

Continuous Learning:

The AI algorithms stay updated with developments in the industry.

Regulatory Compliance:

Adheres to data privacy and security standards.

White-label Solutions:

It enables businesses to create customised AI solutions.

Collaborative Platform:

Promotes community that aims at innovating.

PAAL AI also offers some tools for enhancing user experience. These PAAL AI tools include:

MyPaal:

Crypto-focused AI for answering market related questions, summarising charts, and sentiment analysis.

AutoPaal:

Offers autonomous AI research, insights, and analysis capabilities.

AutoPaal X:

Currently under development, Auto PaalX combines features of MyPaal and AutoPaal with added lightning-fast trading, limit order, and private transactions. It will also be used for revenue sharing with $PAAL stakers.

Telegram and Discord enthusiasts, rejoice! PAAL AI is on its way to revolutionise social media interactions by introducing custom AI bots. These bots, powered by advanced AI, provide 24/7 top-notch customer support.

You get to choose how to train the bots and then these AI bots take charge and follow your set instructions. Who knew crypto could be this user-friendly?

How to setup MyPaal?

Setting up MyPaal involves a few steps:

1. Add the MyPaal bot to your Telegram groupGrant admin permissions to the bot.

2. Set a welcome message using the /addwelcome@MyPaalBot command.

3. Use commands like /welcome@MyPaalBot "on" or "off" to control the welcome message.

4. Preview the current welcome message with /prevwelcome@MyPaalBot.

5. To reset the welcome message, use the /resetwelcome@MyPaalBot command.

In a Nutshell

PAAL AI is more than just a chatbot! It is your guide to navigating the complexities of blockchain and digital assets. With tools like MyPaal, AI bots, and the power of $PAAL tokens, users are armed with a toolkit that empowers them to conquer the crypto world.

If you liked this article, check out our article on AI Crypto Coins

Image Credits: Paalai.io

In the era of digital currencies, investors seek accessible avenues to engage with the potential of cryptocurrencies. One such avenue that has shown potential is Bitcoin ETFs.

In this article we will answer the question what is a Bitcoin Exchange-Traded Fund (ETF) and Bitcoin Futures ETFs, shedding light on their characteristics, benefits, and considerations, to aid investors in making informed choices.

What are Bitcoin ETFs? Is there a Bitcoin ETF?

The answer is Yes. There are Bitcoin ETFs available which are designed to offer exposure to Bitcoin's price dynamics without the complexities of direct ownership.

These ETFs are traded on traditional exchanges, and cater to retail investors. Bitcoin ETFs are also a good option for people who are hesitant about diving into the world of cryptocurrencies.

While Bitcoin ETFs are yet to receive the SEC approval for direct representation of underlying cryptocurrency, Bitcoin Futures ETFs linked to Bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME) have been sanctioned.

Choosing a Bitcoin ETF

Among the various Bitcoin ETFs available, it is always advisable to consult a professional advisor to determine the best fit for your investment goals and also do your own research.

However, notable Bitcoin ETF options include:- Proshares Bitcoin Strategy ETF (BITO)- Valkyrie Bitcoin Strategy ETF (BTF)- VanEck Bitcoin Strategy ETF (XBTF)- Global X Blockchain & Bitcoin Strategy ETF (BITS)

Each of these ETFs offers a unique approach to gauge Bitcoin's price movements, often combining traditional securities and Bitcoin futures contracts within their portfolios.

What are Bitcoin Futures ETFs?

In addition to Bitcoin ETF there also exists Bitcoin Futures ETFs which are instrumental in providing an alternative route to engage with Bitcoin's price dynamics through futures contracts.

These contracts are regulated by the Commodity Futures Trading Commission (CFTC) and traded on CFTC-regulated exchanges.

However, investors must consider the inherent volatility and additional costs associated with futures contracts, such as "roll premiums" and management fees.

Advantages of Bitcoin ETFs

The following are the advantages of Bitcoin ETFs:

Security:

ETFs eliminate the need to manage cryptocurrency keys, reducing the risks associated with theft and hacking.

Affordability:

ETFs provide a means for investors with varied budgets to participate in the market.

Familiarity:

ETFs leverage traditional investment concepts, and cater to those not well-versed in blockchain technology.

Disadvantages of Bitcoin ETFs

While there are many advantages of Bitcoin ETF, one notable drawback it has is its dependency on regulatory approval.

Additionally, while ETFs do mitigate some complexities, they do not grant direct ownership of Bitcoin, potentially limiting participation in certain aspects of the cryptocurrency ecosystem.

Bitcoin ETFs vs. Bitcoin Direct Investment

To answer in the most direct way, investing in Bitcoin directly or through Bitcoin ETFs depends on an individual’s risk appetite, investment strategy, and familiarity with the digital currency landscape. From a safety point of view both have their advantages and disadvantages hence a proper research is must.

The Approval Landscape

While several Bitcoin ETFs are under consideration for approval, at the time of writing, the popular BlackRock's Bitcoin ETF has still not received approval from the SEC. The approval date remains uncertain, underscoring the regulatory challenges faced by certain ETF proposals.

However, Canada has embraced the concept of Bitcoin ETFs, with some being successfully launched in the Canadian market.

These ETFs provide Canadian investors with a local avenue to access Bitcoin's potential without directly owning the cryptocurrency.

In conclusion, navigating the world of Bitcoin investment involves careful consideration of ETFs and futures ETFs.

Each avenue has its merits and challenges, catering to a diverse range of investors seeking exposure to the dynamic cryptocurrency market.

It's essential to consult professionals and conduct thorough research before embarking on your Bitcoin investment journey.

Trade $BTC and 200+ other assets with 0 fees* on Zelta.io

(Check out our article on PEPE's Rug-Pull Story)

Image credits: Decrypt; CoinMarketCap.

What is Rollbit?

Rollbit stands as a unique platform that seamlessly merges the thrill of casino-style games with the exciting possibilities of cryptocurrency trading. This innovative concept offers users a diverse range of games and features, catering to both gaming enthusiasts and crypto traders.

Is Rollbit Legit?

With something as exciting as rollbit coming through, one question arises: Is Rollbit reliable? The answer lies with Rollbit itself which has ensured its legitimacy through provably fair games, transparent algorithms, and a commitment to security.

Rollbit is accessible globally to users across all countries except countries like Australia, Iran, France, etc. (Source)

This widespread availability makes it convenient for individuals from different corners of the world to experience the platform's offerings.

Features of Rollbit:

Rollbit introduces a variety of engaging games, including Roulette, Crash, Flip, Plinko and more. Each game offers a unique experience with its own set of rules and strategies.

Rollbit Casino and Sports Betting Integration:

Rollbit offers an exclusive casino experience with its range of games. Additionally, the integration of Sports as well as E-Sports like CS:GO, Dota 2, League Of Legends, etc. adds a touch of familiarity for gaming and sports enthusiasts, making Rollbit an appealing platform for crypto traders, sports enthusiasts and gamers.

Rollbit's NFT Ecosystem:

Rollbit introduces NFTs in the form of Rollbots, enhancing the gaming experience. Rollbots are unique collectable NFTs that offer special perks and features within the platform. Users can also enjoy NFT loot boxes, adding an element of surprise and excitement.

Rollbit's Crypto Futures and Loaning NFTs:

Rollbit's Crypto Futures offer a thrilling twist to traditional crypto trading. Users can place bets on price movements within short time frames, adding an element of excitement to their trading endeavours. Additionally, the platform allows users to loan NFTs, enabling a unique way to leverage their digital assets.

Provably Fair RLB Lottery:

Rollbit's Provably Fair RLB Lottery adds an extra layer of excitement for users. With 20% of the platform's casino profits shared as prizes, users can stake RLB tokens for a chance to win. This feature uniquely combines gaming and potential rewards.

Sports Rollbots:

Rollbit introduces Sports Rollbots, tapping into the growing popularity of sports and NFTs. These NFTs serve as collectables related to various sports, enabling users to showcase their passion for sports within the crypto ecosystem.

What are the Benefits of Rollbots?

Owning Rollbots NFTs comes with a range of benefits. These include potential rewards, access to exclusive features, and the ability to participate in challenges and promotions within the platform.

How Do You Trade Crypto Futures in Rollbit?

Trading Crypto Futures in Rollbit is easy, here are the steps needed to place your first crypto futures trade in Rollbit Casino.

Step 1. Deposit Money into your Rollbit Account
Step 2. Head on towards the Crypto Futures Tab and Select the Asset
Step 3. Choose which way the chart would move and put in your bet amount as well as the multiplier. Keep in mind, higher the multiplier, faster you make/lose money.
Step 4. Cash out whenever you feel like it.

Bonus Tip: If you keep your bet open for longer than 8 hours, you might incur or receive hourly funding payments, depending on market conditions.(Source : rollbit.com)

What are NFT Lootboxes?

Rollbit has another popular gambling feature/game called NFT Lootboxes. The way loot boxes work is you buy the box for some amount of funds and you get a box which has a chance to contain a rare or a valuable item.

The odds of getting a good item is not good most of the time but lootboxes are unique since this is one of the few games where even if you lose, you get something in return.

The Odds vary from LootBox to LootBox. In the case of the King of the RollBit Loot Box, the odds of getting the NFT is just 0.01% which is 1 NFT per 10,000 Loot Boxes being opened.

What is the Rollbit Coin ($RLB)?

Rollbit Coin ($RLB) serves as the native utility token of the platform. With a maximum supply of 5 billion RLB tokens. Rollbit also employs a token-burning mechanism to enhance scarcity and value.

As of now, 36.06% of the maximum supply has been burned, leading to a reduction in circulation. At the time of writing this article, there are 3,196,923,418 RLB tokens in circulation

At the time of writing, there are about 7,548 wallets that hold Rollbit.

Rollbit's Ongoing Evolution

As the cryptocurrency and gaming landscape continues to evolve, Rollbit remains at the forefront of innovation. The platform's commitment to user experience, fairness, and entertainment sets it apart in the competitive world of crypto gaming and trading.

Conclusion

Rollbit presents an innovative fusion of gaming and crypto trading, catering to a diverse audience of enthusiasts. With its array of games, NFT ecosystem, unique features, and commitment to transparency, Rollbit emerges as a legitimate and exciting platform in the ever-expanding world of cryptocurrencies. Whether you're a seasoned trader or a casual gamer, Rollbit offers a captivating journey where gaming meets crypto trading, making it an appealing choice for those seeking a blend of both worlds.

Image Credits: Watcher Guru; BitcoinChaser; Rollbit

(Check out our article on How to Earn in GameFi)

In the evolving world of cryptocurrency, stablecoins have risen as a groundbreaking innovation, acting as a bridge between volatile cryptocurrencies like Bitcoin, Ethereum and the unwavering stability of conventional fiat currencies. In this article, we'll dive into the world of stablecoins, taking a look into categories of stablecoins, how stablecoins operate, safety measures, and the potential threats hurdles that stablecoins might face.

What are Stablecoins?

Stablecoins, as their name implies, are a distinctive class of cryptocurrencies that are engineered to uphold a consistent value, providing a reliable alternative to the constant fluctuations seen in other digital assets.

Types of Stablecoins

Stablecoins primarily fall into three distinct categories, each employing its unique strategy to achieve stability.

1. Fiat-Backed Stablecoins: Anchored in Tradition

Fiat-backed stablecoins, including familiar names like Tether (USDT) and USD Coin (USDC), are pegged to conventional currencies such as the U.S. dollar. These stablecoins preserve their value by holding an equivalent reserve of the underlying currency, establishing a sense of dependability and assurance. The safeguarded reserve ensures that every unit of the stablecoin in circulation corresponds to a corresponding sum securely held within a conventional financial institution. Recently Paypal’s stablecoin PYUSD has joined this category too.

2. Crypto-Collateralized Stablecoins: Leveraging Cryptocurrency Reserves

Crypto-collateralized stablecoins, represented by MakerDAO's Dai (DAI), lean on a diverse assortment of cryptocurrencies to uphold their value. To counterbalance the inherent volatility associated with cryptocurrencies, these stablecoins necessitate an overcollateralization strategy. This strategy mandates that the cumulative value of the reserve cryptocurrencies exceeds the total value of the issued stablecoins, effectively mitigating the risks tied to sudden market fluctuations.

3. Algorithmic Stablecoins: Stability Through Code

Algorithmic stablecoins, exemplified by Terra (LUNA) and Ampleforth (AMPL), rely on sophisticated algorithms to regulate their supply and sustain a consistent price. In contrast to the traditional collateral-based approach, algorithmic stablecoins dynamically adjust their circulating supply based on market demand and supply shifts. This adaptable equilibrium strives to achieve price stability without leaning on conventional reserves.

Unfortunately for investors the crash of Terra (LUNA) has raised serious concerns about algorithmic stablecoins.

Advantages of Stablecoins

Stablecoins offer a lot of advantages and there are many uses of stablecoins within the cryptocurrency ecosystem:

Medium of Exchange:

Stablecoins furnish a dependable medium for transactions without the worry of market volatility.

Store of Value:

Amidst the market's inherent volatility, stablecoins serve as a steadfast and secure store of value.

Global Transfers:

Stablecoins expedite swift and cost-efficient cross-border transactions, particularly in regions marked by unstable local currencies.

Decentralised Finance (DeFi):

Stablecoins form an important part of DeFi protocols, enabling activities such as lending, borrowing, and yield farming.

Safety and Regulation of Stablecoins: Navigating Ambiguity

The safety of stablecoins depends on their type and underlying mechanisms. Fiat-backed stablecoins, supported by conventional reserves, offer a degree of security. Nevertheless, they have their own challenges linked to transparency, operational credibility, and adherence to regulatory standards. Leading regulatory bodies, including the International Organization of Securities Commissions (IOSCO), advocate robust regulation to ensure the stability of stablecoins and their potential impact on financial systems.

Risks of Stablecoins

While stablecoins do have their advantages there are also some risks associated with them.

Regulatory Scrutiny:

Regulatory authorities are closely monitoring stablecoins due to concerns surrounding potential disruptions and opacity.

Market Trust:

The credibility of certain stablecoins, such as Tether (USDT), has been cast into doubt due to uncertainties about their backing.

Algorithmic Complexity:

Algorithmic stablecoins encounter difficulties in maintaining their peg during market turmoil, evident in the sudden drop of Terra (Luna) or UST.

Conclusion:

In the ever-transforming domain of cryptocurrencies, stablecoins emerge as a promising remedy to market volatility by blending stability and innovation seamlessly.

As the cryptocurrency community continues to navigate regulatory frameworks and refine technological paradigms, stablecoins stand poised to redefine financial transactions, cross-border remittances, and the landscape of decentralised finance (DeFi). Although challenges remain, stablecoins represent an exciting evolution with the potential to modify the future of digital finance.

(If you liked our article, Check out our other article on DCMA's CBDC, UMU.)

Trade Bitcoin, Ethereum and 200+ other coins with 0 fees* on Zelta.io

Image Credits: PYMNTS; Bankrate; WikiMedia; Asia Crypto; BitPay

Join us as we embark on a journey to unravel the mysteries of this stablecoin.

Imagine a digital currency that combines the scale of traditional money with the adaptability of cryptocurrencies. Enter PayPal Stablecoin, or PYUSD. This creation by PayPal, is designed to bring reliability and consistency to the world of digital transactions.

The big question that's been buzzing is – has PayPal entered the world of cryptocurrencies? Indeed, PayPal has taken the plunge by introducing its own cryptocurrency, PYUSD. Designed as a stablecoin, PYUSD is anchored to the value of the U.S. dollar backed by tangible assets.

With the weight of U.S. dollar deposits, short-term U.S. Treasuries, and comparable cash equivalents behind it, PYUSD stands firm in its commitment to maintain a secure and unfluctuating value.

When did PYUSD Launch?

PYUSD made its debut on August 7, 2023, marking a pivotal juncture in the evolution of stablecoins. PayPal's entry into this domain has undoubtedly captured the curiosity of crypto enthusiasts across the globe.

Credits: PayPal

Unveiling the Numbers: PYUSD's Price and Market Cap

For the inquisitive minds seeking digits, PYUSD emerges onto the scene with an initial valuation of $1.00 per unit, maintaining its 1:1 peg with the U.S. dollar. As for the elusive market capitalization of PYUSD, that detail remains under wraps, leaving us intrigued about its performance in the ever-shifting cryptocurrency landscape.

Seamless Transactions: How to Buy and Sell PYUSD?

Buying PYUSD is simple. Eligible U.S. PayPal users can buy PYUSD through their PayPal Balance accounts. This functionality bridges the gap between conventional financial systems and the innovative domain of digital currencies.

Who is the founder of PYUSD?

Unlike some other tokens or currencies, the PYUSD founder is not a single entity rather it emerges as a collective effort. PYUSD is a collaborative effort between PayPal and Paxos Trust Company.

Credits: Paxos

Is PYUSD a scam?

Stablecoins offer stability, but not without acknowledging potential risks. Though not explicitly mentioned, it's prudent to recognize that stablecoins can grapple with regulatory complexities, security vulnerabilities, and market oscillations that might influence their value.

Let's quell any suspicions – there's no hidden agenda in the birth of PYUSD. It is claimed to be a legitimate stablecoin introduced by PayPal to enrich the landscape of digital currencies.

Based on the available information so far, there's no reason to doubt PYUSD's authenticity. It's fortified by PayPal's sterling reputation and adheres to regulatory protocols. But comes with the risk of a centralised body controlling everything.

That being said, only time will tell how stable is the PYUSD Stablecoin.

Should you invest in PYUSD?

The question looms large – should one invest in PYUSD? Just as with any investment decision, a comprehensive study and consideration of financial goals and risk tolerance are crucial. While PYUSD boasts substantial backing and PayPal's credibility, prudent investment choices are rooted in individual circumstances.

PYUSD: A Bridge Connecting Realms

PYUSD isn't merely a stablecoin. It's a bridge fusing conventional and digital currencies seamlessly. Its multifaceted role encompasses enabling payments, facilitating person-to-person transfers, fueling transactions within the PayPal network, and facilitating conversions between cryptocurrencies and PYUSD.

Credits: The Verge

Ethereum: The Chosen Blockchain by PayPal

For the tech-savvy enthusiasts, curiosity might surround the blockchain that underpins PYUSD. The answer lies in Ethereum! PayPal's stablecoin operates on the Ethereum blockchain, utilising the ERC-20 token standard to ensure efficiency and compatibility.

Demystifying Stablecoins: A Brief Insight

For those new to the scene, stablecoins are digital tokens engineered to uphold a consistent value by anchoring themselves to tangible assets like fiat currencies or commodities. PYUSD occupies this category, promising value in a volatile cryptocurrency market.

What are the uses of PYUSD?

The utility of PYUSD knows no bounds. From smoothing payments to enabling seamless transfers between individuals, funding purchases within PayPal's ecosystem, and enabling conversions between cryptocurrencies and PYUSD, this stablecoin emerges as a versatile tool, steering the course of futuristic financial experiences.

With that, we conclude our exploration of PayPal's PYUSD. Remember, the stablecoin narrative continues to evolve, with PayPal spearheading novel possibilities in the sphere of digital transactions. Keep your sights set on our future insights as we journey through the dynamic realm of cryptocurrencies. Until next time, keep savouring knowledge and embracing the digital revolution.

(If you liked this article, check out our article on WorldCoin.)

In addition to being open-sourced and traceable, one of the reasons why this new genre of technology has erupted is because of how secure it is.

Every transaction or an event that occurs on the Blockchain is highly secure, encrypted and fast. While it looks very simple from the outside, the inside of a block is highly complicated, being just a bunch of data put together, a lot of crazy maths and algorithms run to keep it secure, thanks to Blockchain Cryptography.

Let’s understand it in detail.

Cryptography In General

Cryptography comes from the combination of two words: hidden (crypto) + writing (graphy); and its working can further be broken down into two major processes, Encryption and Decryption.

Whenever the data is sent via the P2P (point to point) network, it is first encrypted.

This means that the information is coded in such a way that no one can understand by looking at it.

After this ‘encrypted’ information reaches the other point (or node) it is decrypted, which means the data is decoded and now the data can be interpreted easily by the receiver.

What is Blockchain Cryptography?

The working of a Blockchain relies on three different technologies. Distributed ledger, Peer-to-peer network, and Cryptographic security.

The first and second technologies are important for conducting transactions on the Blockchain from one peer (person) to another and also validating them. It is the third (Cryptographic security) which ensures security.

In short, Cryptography in Blockchain is the method used to secure important data from a third party or access which is not authorised. Cryptography is a mandatory security protocol of any transaction and in the Blockchain network, it always secures the two nodes between whom the transaction is taking place.

Similar to messages sent on WhatsApp, it even encrypts the information so that no third party can identify the actual information.

It is also important to note that every Blockchain transaction has its own certificate and with the use of Cryptography there can be no transaction which takes place without a certificate.

These certificates (generated digitally) are also important in recognising the legitimacy of any transaction. The transaction on the Blockchain network issues a chain of certificates that are used to authenticate an entity.

The transaction chain begins with the certificate of that entity, and each certificate in the chain is signed by the entity and then identified by the next certificate in the chain. Fundamentally it is a chain of trust.

In Cryptography, users can also issue self-signed certificates. These certificates are public key certificates that a user or an entity issues on their own behalf. Even though there is a low trust value, these certificates are free and also easy to make.

The self-signed certificates bind the entity to the transaction and the transaction cannot proceed unless it is first signed by the users themselves.

Cryptographic Hash Functions

Now that we know what Blockchain Cryptography is, it is important to understand its application and how it functions exactly on the Blockchain. Every block in the Blockchain works on a “hash (#)” mechanism.

This mechanism is a function where the input can be anything: an alphabet, a number or any symbol. No matter whatever the input the output is always a hash (#) value.

Moreover, the hash is always of a fixed length no matter what the length of the input value is. Hashing is an important factor for securing the Blockchain and making it impenetrable.

Cryptographic hashing codes the information or data on Blockchain into an unreadable and unhackable text. Bitcoin for example uses the SHA256 (Secure Hash Algorithm 256-bit) for cryptographic security.

The number 256 in SHA256 implies 256 bits which is the number of zeros and ones which the algorithm can contain in the data. Since our computers are designed to read and interpret data in the binary (as ones and zeros) form.

The SHA256 mechanism is designed to provide that ease to our computers. A few characteristics of this algorithm are:

• Message Length: The size of the message should be within the limits of the algorithm for the generation of random values.

• Digest Length: The length of the hash digest should be 256 bits in SHA 256 algorithm. The higher the length value, the more time is taken for calculations along with increased cost.

• Irreversible: SHA 256 is irreversible by design. This means that once implemented the function cannot be reversed.

Working of SHA 256

Even though there is a lot of math happening inside the algorithm, the working of SHA 256 can be divided into five different segments:

• Padding Bits: It is the addition of extra bits to the message, such that the length is exactly 64 bits short of a multiple of 512.

• Padding Length: The 64 bits of data can now be added to make the final plaintext a multiple of 512.

• Initialising the Buffers: It requires the initialisation of default values for eight buffers to be used ahead. Eg. a = 0x6a09e667.

• Compression Functions: This is the breakdown of the complete message into multiple blocks of 512 bits each.

• Output: The final value received after the implementation of all the above steps. This output is then used as the input for the next block in the Blockchain. This also ensures the fact that the next block is always derived from the previous block.

Applications of SHA 256

Now that it is known in simple context how the algorithm functions. Let’s take a look at where we see SHA 256 being used:

• Digital Signature Verification: Digital signatures are required to verify the authenticity of a document or a transaction. SHA 256 has been ensuring such verifications for quite some time now.

• Password Hashing: Websites store user passwords in a hashed format for two reasons. It helps in ensuring a sense of privacy, and it makes the load on the central database lesser as all the data is of similar size.

• SSL Handshake: The SSL handshake consists of web browsers and web servers agreeing on encryption keys and hashing authentication to prepare a secure connection. This entire process is made possible because of SHA 256

• Integrity Checks: SHA 256 helps in maintaining the full value functionality of files and ensures no tampering takes place by an unauthorised entity.

In conclusion, the new technology of Blockchain Cryptography is a revolution under development. It definitely comes with its own risks and as time passes more and more improvements are being made to make the Blockchain faster and even more secure.

While the changes in the already established Blockchains (eg. Bitcoin) are hard to be made due to their extensive usage and a vast number of blocks.

We will definitely be seeing a massive change in the Blockchain Cryptography for all the new cryptocurrencies to come.

Although it is Ethereum which controls the greater share of the NFT Market, there has been a lot of development in other blockchain ecosystems as well. One of which is Solana.

A lot of investors have come forward and shown their interest in this Ecosystem because of the recent action revolving around project expansion on the network.

Solana is a layer one blockchain technology which was built because of the problems faced by the Ethereum NFT network such as High Transaction fees, increasing trading amounts and massive congestion. In 2021, the native cryptocurrency of Solana i.e. “SOL” boomed, resulting in the rising opportunities on the Solana network.

Another reason for Solana’s NFT Ecosystem gaining popularity is because of the low gas fees they have and the strong communities which are formed over the OG NFT Projects on Solana. On the contrary, there have been a lot of gas wars over the Ethereum Network and only whales govern the initial supply of NFTs.

However, due to Solana’s Low gas fees and speed, the distribution has been quite decent across all the major NFT Projects.

Diving Deeper into Solana’s NFT Ecosystem:

Solana has been one of the fastest growing blockchain networks in the NFT domain and to navigate through this fast blockchain ecosystem you would need a very solid wallet to keep all your investments and digital assets safe.

Solflare has been one of those wallets powered by Solana Blockchain which helps you store, buy, and access Solana's Defi from the web or mobile.

Another Wallet powered by Solana which is making its way to people's devices is Phantom. Solana aims to make its way through its users' mobile phones and for this, these two major wallet projects are running simultaneously.

Just like the Traditional Financial Market has been upgrading itself from Paper Cheques to Credit Cards to Cashless Transactions everywhere, many Crypto and web3 developers have been trying to make their projects accessible by mobile phones into their network.

We have been talking a lot about Solana’s NFT network and how it is emerging as the fastest and the most convenient NFT network. If you are one of many people (like me), then let us get to the grounds of how we can buy the famous Solana NFTs.

How to get a Solana NFT:

Solana’s NFT has gained popularity since 2021 and ever since, it has been growing in volume. There are tremendous opportunities in the Solana NFT Ecosystem and if everything goes well, Solana will be the most popular NFT ecosystem very soon.

Networks like Solana ensure that every investor can buy NFTs without any huge transaction fees or conversion costs making it a very popular platform to collect NFTs from. You can also buy a Solana NFT by following the simple steps mentioned below:

1: Setting up your Solana Wallet

To start with the buying process of Solana NFT, you will be needing a Solana Wallet to store your digital assets. The two most popular wallets as explained above are Phantom and Solflare.

Before you invest your funds and start investing in NFTs or any other digital assets you should keep in mind that all the marketplaces supported by Solana have their transaction fees, collections, terms and conditions, etc.

2: Buying SOL for purchasing NFTs

SOL is the native token of Solana and to buy NFTs from the Solana Marketplace you need to buy these tokens and transfer them to your Solana wallet. These tokens are very easily available on exchanges like Binance, Coinbase, FTX, etc.

3: The Final Step

Finally, you can now head over to any of the Solana Marketplaces and buy your desired NFT with the tokens you just transferred to your wallet.

Solana NFT ecosystem is comparatively a new ecosystem and most of its marketplaces are in the “alpha” or “beta” testing phase thus, they are not ready for prime time. But, there are still some trusted marketplaces you can browse and get started with your purchase. Some examples of such marketplaces are, Solanart, Solsea, DigitalEyes, Magic Eden, etc.

Out of these marketplaces, Solanart and Magic Eden are the most popular ones as they offer curated NFTs like Degenerated Ape Academy, Sol Punks, Aurory, and Galactic Geko Space Garage.

We now have a general understanding of how to buy an NFT. Let's gain a clearer understanding of all the current Solana NFTs, the ideal one for investors to invest in, as well as what the Solana NFT's future holds.

Solana NFTs to Watch out For!

Buying NFTs and adding them to your wallet is a quite simple and straightforward process but, the main issue comes into play when looking out for potential NFTs which have a better future and would yield better returns for investors in the future.

1: Shadowy Super Coder:

With a market cap of approximately over a Billion dollars, the Shadowy SuperCoder is one of the most unique and popular Solana NFT projects. The seeds of this project were sown when US Senator Elizabeth Warren called blockchain developers, “A shadowy faceless group of coders''. This motivated GenesysGo to create a collection of 100,000 NFTs as a retort to this statement. This was also done to motivate people to create more NFTs and be a part of this ecosystem.

2: Degenerated Ape Academy:

Another very popular NFT project is not just a project but a community in itself. The degenerated Ape Academy is a collection of about 10,000 “smoothest brain apes” purchasing which gives you exclusive access to the Ape Academy and more utilities on the Solana Network. For the users who own double, triple, or more apes; they can breed them to make new apes and thus, a new and unique NFT as well.

3: The Play-to-earn Aurory:

Play-to-earn games have been very popular on the blockchain network in the recent past and for everyone looking forward to an exciting play-to-earn game at present, Aurory should be your answer. This game comes with various modes and by playing these you can earn $AURY tokens which can be then traded on various exchanges.

Conclusion:

Solana NFT Ecosystem is comparatively a newer Ecosystem and is still improving. Many new NFT projects (ex: Music NFTs) are being incubated in the Solana Network and they are gaining popularity because of the lower transaction fees and gas fees than Ethereum.

The community built around the Solana Ecosystem is also a major reason for its success and with the addition of projects trusted by various popular celebrities, Solana’s NFT Ecosystem is all set to gain volumes in terms of community and investors both.

The usage of a Bitcoin ATM Machine can be in two ways.

The first is unidirectional where people can only buy the crypto asset.

The second is bi-directional where people can both buy and sell their crypto assets. Every transaction that takes place has a certain transaction fee associated with it.

On average, the transaction fees are between 10-20% but they can go as high as 25% and as low as 6.5%. The percentage depends on the network congestion, speed, date and time etc.

If You Want to Learn How to Use a Bitcoin ATM, Follow These Steps:

• Create a personal account with a Bitcoin ATM operator.

• Get a crypto wallet ready. The purpose of the wallet is to store all the Bitcoin transactions for references and verifications.

• Go to a Bitcoin ATM (obviously).

• Enter the Bitcoin wallet address on the machine. Regardless of the kind of transaction (cash or card), this address will be the one credited with Bitcoin.

• Set the transaction limit and enter the equivalent cash amount for transacting. In case of any transaction fees, the amount will be automatically dedicated and the token quantity corresponding to the balance will be credited.

• Once the transaction is done, a receipt will be generated. The transaction can also be verified using the Bitcoin block explorer which will have all the records of a user’s Bitcoin wallet.

Steps to sell Bitcoin using a Bitcoin ATM:

• A user needs to log into the machine, set the quantity of Bitcoin they wish to sell along with the wallet address and then get it verified on the Bitcoin network.

• Post verification, the cash will be dispensed and the user will be notified. As for the time taken, buying a Bitcoin at the ATM takes less time than selling.

Steps to transfer cash to others using a Bitcoin ATM:

• The Bitcoin ATM can also be used to transfer cash to others. All the user needs to do is log in to their Bitcoin account

• Enter the address of the wallet they wish to send the cash to

• Enter the amount and hit send.

Depending upon the laws of a country, the Bitcoin ATM operators are required to adjust the limits on deposits and withdrawals to prevent money laundering. The operators might also require a money transmitter licence in some countries.

But what exactly does SPBD mean and how exactly does one get authorized for it? Why are the big players like Coinbase and Binance not authorized?

Let’s find out the answers to all of these questions and more in this blog.

But before we continue, just remember that this blog is not our opinion and is based on what and how the Crypto Community feels.

Also, don't forget to check out Zelta.io, a trading platform with zero trading fees* and an extensive selection of over 200 cryptocurrencies to trade.

What is a Special Purpose Broker-Dealer (SPBD)?

A Special Purpose Broker-Dealer or SPBD was first introduced in 2020 by the U.S. Securities and Exchange Commission (SEC). While traditional broker-dealers and alternative trading systems require Financial Industry Regulatory Authority or FINRA’s approval to trade crypto asset securities but cannot hold them in custody.

Special Purpose Broker-Dealers (SPBDs) have the unique advantage of being authorized to both hold and trade these assets. However, it's important to note that the SPBD framework comes with strict conditions that must be met.

What are the requirements to become an SPBD?

To become a Special Purpose Broker-Dealer (SPBD), certain requirements must be met:

1. The SPBD should be able to access and transfer the crypto asset securities using distributed ledger technology (DLT).

2. It must not hold traditional securities for speculative purposes, except for capital and hedging needs.

3. If any significant security or operational issues arise with the DLT or associated network, the SPBD should not keep custody of crypto asset securities.

4. Customers must receive written disclosures about the risks involved in crypto asset securities.

5. Each customer must have a written agreement detailing the terms for transacting in crypto asset securities.

6. The SPBD must have policies and procedures to determine if a crypto asset is a registered security or exempt from registration.

7. It should evaluate the DLT and associated network of each crypto asset security.

8. The SPBD must demonstrate exclusive control over the custody of crypto asset securities and have measures in place to prevent theft or loss of private keys.

What is Prometheum?

Prometheum is the World’s First SEC registered broker-dealer and FINRA member firm approved to operate as an SPBD for digital asset securities. Founded in 2017, Prometheum received its SPBD status on the 23rd of May.

Prometheum

@PrometheumInc

Prometheum Ember Capital has made history as the 1st SEC-registered broker-dealer and FINRA member firm approved to operate as a Special Purpose Broker-Dealer (SPBD) for digital asset securities. Learn about how we continue to move the industry forward: bwnews.pr/3MQ9Lzl

31

6:20 PM • May 23, 2023

If you haven’t heard about Prometheum ever before, don’t worry, you’re not alone. Although they have been around since 2017, they till date don’t exactly have a product or a working exchange.

Who are the members and founders of Prometheum?

There are at least 3 members from their team who were a part of the SEC and the FINRA and many believe that this is not a coincidence.

Prometheum’s CTO is Rosemarie Fanelli who worked for the FINRA as well as NYSE.

John Tornatore who is Prometheum’s Head of Business Development was previously working for the CBOE.

And lastly, we have their CCO Joseph Zangri who used to work for the SEC.

What is the story behind Prometheum?

Ever since Prometheum was founded in 2017, there has been no product of theirs launched to date but have already done a Reg A+ filing to issue their token. They also have hired former SEC and FINRA staff.

During the ongoing battle of lawsuits between the SEC and crypto exchanges like Coinbase and Binance, Prometheum gets an approval from the SEC for the SPBD on the 23rd of May. This information is gathered by Twitter user @adamscochran.

Adam Cochran (adamscochran.eth)

@adamscochran

5/23

-Around since 2017
-Did a Reg A+ filing to issue a token in 2017.
-Have not launched their product since 2017.
-Have a bunch of former SEC and FINRA staff
-Suddenly appear at a hearing parroting political talking points favoring the SEC.

516

6:11 AM • Jun 15, 2023

Also, the three main founders behind Prometheum, namely Martin Kaplan, Aaron Kaplan and Benjamin Kaplan are lawyers from Gusrae Kaplan, where Martin Kaplan is the Managing Member.

This information was also gathered from a Twitter thread by @MattWalshInBos

Matt Walsh

@MattWalshInBos

Who look alot like these guys:
gusraekaplan.com/attorneys/

873

12:48 AM • Jun 15, 2023

Back in 2022, Prometheum proudly unveiled its ATS, which supposedly supports digital asset securities like Flow, Filecoin, The Graph, Compound, and Celo.

Interestingly, these are the same unregulated securities that they have taken action against Binance and Coinbase.

For Prometheum's ATS to work effectively, projects need to register their tokens with the SEC. Unfortunately, the current system isn't designed to accommodate public blockchain networks, resulting in no registered tokens as of now.

According to a recent Bloomberg article in May 2023, Prometheum faces hurdles in clearing and settling, and they don't currently have an offering. Nevertheless, they maintain optimism about listing assets in the future.

It's perplexing to see them discussing plans and expressing limitations despite launching their ATS in 2022. One can't help but wonder about the reasons behind the delays and constraints, considering their initial progress.

Relations between Prometheum and China:

As per a Twitter thread by @adamscochran, it has been found out that Prometheum raised a total of $48M from Wanxiang, a company formed by Lu Guanqiu, a former Communist Party official.

The funding rounds were made possible through the assistance of "Network 1 Financial Services," a broker that is suspected to have ties to the CCP and possesses a questionable regulatory history.

Adam Cochran (adamscochran.eth)

@adamscochran

12/23

Who is Network 1 Financial?

A shady broker with a Chinese affiliated firm and a horrible compliance track record of more than 20 regulatory or civil actions against them.

(h/t @MattWalshInBos)

386

6:11 AM • Jun 15, 2023

Back in 2017, Network 1 Financial Services played a deceptive move with the Long Island Ice Tea company, using it as a cover to promote a blockchain project that turned out to be a scam.

In addition to that, they also had another offering called Longfin Corp. which involved a shift towards blockchain technology. However, the SEC filed charges against them for fraudulent activities related to Longfin Corp.

Why is the SEC behind Binance and Coinbase?

Well, the main reason for the SEC chasing behind crypto exchanges like Coinbase, Binance, Kraken and others for trading digital asset securities.

Surprisingly, Prometheum has permission from the SEC to trade but there is nothing to trade as of now since crypto protocols have not registered with the SEC.

With well-known exchanges like Coinbase have being very compliant with the SEC, the chances of Prometheum getting approval seem quite “shady”

The SEC is against Binance and Coinbase for selling unregulated securities like Flow, Filecoin, The Graph and Compound but gave a pass to Prometheum. (Source)

Prometheum CEO and the Congress Hearing:

During the congress hearing, there were no members of the SEC except Prometheum’s CEO Aaron Kaplan who was there for the defence of the SEC.

Aaron Kaplan claims that the Federal securities laws from the SEC and FINRA is the most effective system that protects investors.

CEO Aaron Kaplan, whose company has maintained that the SEC does indeed offer a “clear path to regulatory compliance,” could not answer why his platform does not offer BTC or ETH trading

Conclusion:

Prometheum might be the world’s first SEC-approved exchange but is definitely seeing some pushback from the Crypto Community. So far it seems like Prometheum got its way up through its connections through the SEC rather than playing it fair and square like other exchanges which the SEC refused to comply with.

There have been speculations made by the crypto community like this one by Adam Cochran on Twitter which claim that it could be one of the three scenarios:

Adam Cochran (adamscochran.eth)

@adamscochran

20/23

2) These guys are using their SEC and FINRA connections to push an agenda to get certain assets deemed securities and for them to be the only approved player to capture the market.

463

6:11 AM • Jun 15, 2023

Trade Bitcoin, Ethereum and 200+ other coins with 0 fees* on Zelta.io.

This comprehensive guide delves into the world of crypto mining, covering key factors, types, profitability, and potential risks and rewards.

Before we get started, don't forget to check out Zelta.io, a trading platform with zero trading fees* and an extensive selection of over 200 cryptocurrencies to trade.

What is Bitcoin Mining?

Bitcoin mining is the procedure in which new bitcoins are introduced into the transaction cycle. Moreover, it plays a crucial role in upkeeping and advancing the blockchain ledger.

Mining operates through a decentralized network of computers across the globe, working round-the-clock to verify and record transactions in a public ledger, known as the blockchain.

This process involves solving complex mathematical puzzles that require a high amount of computing power, thus the need for specialized hardware.

Once this “puzzle” is solved, the miner adds the 'block' of transactions to the blockchain, which is subsequently rewarded with bitcoin.

How does Bitcoin mining work?

So, here's how Bitcoin mining works, step by step:

Verification:

When someone sends bitcoins to someone else, the first thing miners do is check the transaction details to make sure it's legitimate. This involves making sure the sender actually owns the bitcoins they're trying to send.

Block Creation:

Once transactions are verified, they are grouped into a 'block.' This is like a super complex math puzzle.

Solving the Puzzle:

Miners are currently in a race to resolve this intricate problem. The one who manages to crack it first receives a prize. This 'solving' part of the mining process is actually guessing a 64-digit hexadecimal number (also known as a "hash") that needs to be less than or equal to the target hash. It's basically a race to find a number that fits the current puzzle.

Adding to the Blockchain:

The miner who guesses the right number gets their block added to the blockchain. Once added, this block of transactions is visible to everyone who participates in the network.

(Click here to learn about blockchain)

Reward:

The lucky miner who guessed the right number is rewarded with some new bitcoins (this is called the "block reward") plus any transaction fees from the transactions included in their block.

It's important to note that the process consumes high energy due to the computational power required, particularly in the 'proof-of-work' stage.

Also, as the Bitcoin network grows and more transactions are processed, the mathematical problems that miners need to solve become more and more complex, requiring even more computational power.

What are the different types of crypto mining?

Cryptocurrency mining can be conducted in several ways. The method chosen typically depends on factors like cost, efficiency, and the miner's technical ability.

Here are the most common types of crypto mining:

1. CPU Mining

2. GPU Mining

3. ASIC Mining

4. Cloud Mining

5. Mobile Mining

6. Mining Pools

Let’s learn a bit more in detail about all of them individually.

What is CPU mining?

If you're wondering how to mine cryptocurrency on a PC without a GPU, CPU mining is the answer. CPU mining involves using the central processing unit (CPU) of a computer to mine cryptocurrencies.

The process involves downloading a cryptocurrency client onto a computer and then using the CPU's processing power to solve complex mathematical problems, which validate transactions and secure the network.

CPU mining may not be as efficient as other forms of mining like GPU or ASIC mining because CPUs are designed to handle a wide variety of computer tasks and are not specialized for the kind of number crunching required in crypto mining.

However, CPU mining can still be profitable for some lesser-known altcoins, and it remains a feasible entry point for individuals who want to get started with mining but do not have the resources for more advanced mining hardware.

What are the best CPU Mining coins?

According to an article written by PCGuide, Monero (XMR) is the most profitable coin to mine on a CPU mining setup.

What are the best cpu mining softwares?

EasyMiner, MultiMiner and CGMiner are quite popular options amongst crypto miners.

What is GPU mining?

GPU mining involves using the processing power of a Graphics Processing Unit (GPU) found in a computer's graphics card to mine cryptocurrencies. GPUs are efficient at performing parallel computations, making them ideal for the complex calculations required in mining.

Miners use specialized software to utilize multiple GPUs simultaneously, achieving higher hash rates and computational performance compared to CPU mining. GPUs are more powerful and versatile, allowing miners to switch between different coins based on profitability.

However, GPU mining requires a significant investment in high-performance GPUs and consumes substantial electricity. It faces increased competition as more miners enter the space, making profitability more challenging.

Despite challenges, GPU mining remains popular due to its efficiency and flexibility. It is favoured for coins resistant to ASIC mining or those suitable for GPU mining algorithms.

In summary, GPU mining harnesses graphics card power for cryptocurrency mining, offering higher performance than CPUs. It demands investment and energy consumption but provides efficiency and versatility.

Remember, mining can negatively impact your GPU as it generates significant heat, a side effect of the process. If you consistently operate your mining system around the clock at elevated temperatures - exceeding 80C or 90C - this could cause harm to the GPU, substantially reducing its operational life as per this article from gfinity. It is safe to mine with GPU as long as you know what you’re doing.

What are some of the most profitable GPUs for mining?

Profitability of GPU mining depends on various factors like location, cost of GPUs, etc. So here are our top 5 picks for the most profitable GPUs for mining.

(P.S. all of the price data have been noted down from amazon.com)

1. Nvidia GeForce RTX 3080
Power Consumption: 350 Watts
Hashrate: 125 MH/s
The cheapest non-LHR (Low Hash Rate) variant we found on Amazon at the time of writing was for USD $999

2. AMD Radeon RX 5700 XT
Power Consumption: 225 Watts
Hashrate: 54 MH/s
The cheapest 5700 XT we found on Amazon at the time of writing was for USD $399

3. Nvidia GeForce GTX 1080 Ti
Power Consumption: 213 Watts
Hashrate: 34 MH/s
The cheapest 1080Ti we found on Amazon at the time of writing was for USD $275

4. AMD RX 6800
Power Consumption: 145 Watts
Hashrate: 32 MH/s
The cheapest RX 6800 we found on Amazon at the time of writing was for USD $510

5. Nvidia GeForce RTX 2070
Power Consumption: 225 Watts
Hashrate: 36 MH/s
The cheapest RTX 2070 we found on Amazon at the time of writing was for USD $499

What is ASIC mining?

ASIC mining refers to the use of specialized hardware called Application-Specific Integrated Circuits (ASICs) to mine cryptocurrencies. ASICs are designed solely for mining specific cryptocurrencies and are highly optimized for efficiency.

Unlike general-purpose CPUs or GPUs, ASICs offer significantly higher hash rates and computational power. They are specifically tailored to handle the hashing algorithms used by certain cryptocurrencies, such as Bitcoin and Litecoin.

However, ASIC mining has limitations. ASICs are not versatile and cannot be easily reprogrammed for different coins or algorithms.

They can become obsolete if the targeted cryptocurrency changes its algorithm or if newer, more advanced ASIC models are introduced.

ASIC mining hardware tends to be expensive and is often dominated by large-scale mining operations due to the specialized nature and high competition.

How do ASIC miners work?

ASIC miners work by utilizing specialized hardware called Application-Specific Integrated Circuits (ASICs) to perform the computational tasks required for cryptocurrency mining. Here's a brief explanation of how ASIC miners operate:

ASIC Design:
ASIC miners are custom-built integrated circuits designed specifically for mining cryptocurrencies. The design process involves optimizing the hardware architecture to efficiently perform the specific hashing algorithms used by the targeted cryptocurrency.

Efficiency and Performance:
ASIC miners are highly efficient and powerful due to their specialized design. They are capable of performing a massive number of hash calculations per second, significantly surpassing the computational capabilities of general-purpose CPUs or GPUs.

Hashing Algorithms:
Each cryptocurrency utilizes its own hashing algorithm, such as SHA-256 for Bitcoin. ASIC miners are engineered to execute these specific algorithms with exceptional speed and efficiency, maximizing their mining potential.

Dedicated Hardware:
ASIC miners consist of dedicated hardware components, including the ASIC chips, power management systems, cooling mechanisms, and interfaces for connectivity and control.

Mining Software Integration:
ASIC miners require compatible mining software to configure and control their operations. The software allows miners to connect to mining pools, track performance, and adjust mining parameters.

Network Participation:
Once set up and connected to the mining software, ASIC miners join the cryptocurrency network. They receive mining jobs from the mining pool or directly from the network, including a list of transactions to verify and a target value to find a hash that meets the required criteria.

Hashing Process:
ASIC miners perform repeated calculations, using their immense computational power to find a specific hash value that fulfils the mining requirements. This process involves iterating through various combinations until a valid hash is discovered, which results in the successful mining of a new block.

Is ASIC mining profitable?

When power is inexpensive and the equipment is effective, mining bitcoins can be profitable. While shifts in mining hash rates are unquestionably driven by demand and pricing, the profitability of mining is also contingent on the value of a particular cryptocurrency.

It may or may not be lucrative depending on the economics of a particular blockchain and coin. It may be mined profitably using a mining pool. You can simply assess the profitability of ASIC mining for a certain cryptocurrency using online calculators.

What is Crypto Cloud Mining?

Cloud mining refers to a mining method where individuals or organizations rent mining resources from third-party providers. Instead of purchasing and maintaining physical mining hardware, users pay for a share of the mining power provided by the cloud mining service.

How does cloud mining work?

Here is how cloud mining works:

Service Provider:
Cloud mining involves partnering with a cloud mining service provider. These companies own and maintain mining hardware in their data centers. They handle the setup, maintenance, and operation of the mining equipment.

Contract Selection:
You choose a cloud mining contract that suits your needs. Contracts typically vary in duration and the amount of hashing power allocated to you. The hashing power determines your mining output.

Mining Allocation:
Once you've purchased a contract, the service provider allocates a portion of their mining hardware's computational power to your account. This allows you to participate in the mining process without physically owning the hardware.

Remote Mining:
The mining equipment in the data center, which may include ASIC miners or GPUs, is connected to the mining pool or the blockchain network. It performs the necessary calculations to validate transactions and mine new blocks.

Mining Rewards:
As a cloud mining customer, you receive a share of the mining rewards proportional to the amount of hashing power you've allocated. The service provider handles the distribution of rewards.

Maintenance and Fees:
The cloud mining service provider takes care of hardware maintenance, electricity costs, cooling, and other operational expenses. They deduct fees from your mining earnings to cover these costs.

Here are some of the popular cloud mining sites

1. IQ Mining
2. HashShiny
3. Hashing24
4. ECOS
5. Crypto Universe

How to avoid cloud mining scams?

While cloud mining seems like a convenient way to crypto mining, it is important to be aware of potential scams and fraudulent operations. Here are some common scams associated with cloud mining:

Fake Cloud Mining Providers:
Scammers may set up websites posing as legitimate cloud mining providers. They entice users with attractive offers, promising high returns and low fees. However, once users invest and purchase mining contracts, the scammers disappear, leaving victims with no mining services or returns.

Ponzi Schemes:
Ponzi schemes operate by using the money gathered from recent participants to provide payouts to those who invested earlier. Some cloud mining operations operate as Ponzi schemes, promising high returns but relying on a constant influx of new investors to sustain payouts. Eventually, the scheme collapses when new investors dwindle, resulting in financial losses for participants.

(Click here to learn more about Ponzi Schemes)

Unverifiable Mining Operations:
Some cloud mining providers claim to have vast mining facilities but do not provide any verifiable proof of their mining operations. They may offer limited transparency and lack evidence to support their claims of mining activity, making it difficult to determine if the service is legitimate.

Hidden Fees and Unfair Terms:
Scammers may include hidden fees or unfair terms in their mining contracts. They might impose exorbitant maintenance fees or charge high withdrawal fees, significantly reducing the profitability of the mining operation.

Difficulty Adjustments and Lack of Transparency:
In genuine cloud mining, mining rewards are influenced by the difficulty of the cryptocurrency network. Scammers may manipulate difficulty levels or lack transparency in sharing mining statistics and details, making it difficult for users to verify the legitimacy of the operation.

To avoid falling victim to cloud mining scams, it is crucial to conduct thorough research and due diligence:

1. Research the cloud mining provider and check for reviews and user experiences.

2. Look for proofs, such as photos or videos of the mining facility.

3. Evaluate the terms and conditions of the mining contracts, including fees and payout structures.

4. Be cautious of unrealistic promises and overly high returns.

5. Use reputable and established cloud mining providers with a track record of reliability.

By being vigilant and taking necessary precautions, individuals can minimize the risks associated with cloud mining and avoid falling prey to scams.

Is Cloud Mining actually profitable?

Cloud mining might be profitable, but the profitability depends on a variety of factors, and it's important to approach it with caution due to the associated risks.

It is possible to make a profit from cloud mining under the right circumstances. If you're thinking about trying out cloud mining, here are some factors to keep in mind:

Cryptocurrency Value:
If the price of the cryptocurrency you're mining increases, your profits can also increase, assuming all other variables stay the same.

Mining Difficulty:
Cryptocurrency mining tends to get more difficult over time as more miners join the network. This can decrease the amount of cryptocurrency earned from mining, reducing profitability.

Contract Terms:
Cloud mining companies often sell contracts that dictate how much computing power you're leasing and for how long. These contracts also stipulate fees for maintenance and electricity. Make sure you fully understand these terms and calculate whether you can still make a profit after these costs.

Legitimacy of the Cloud Mining Operation:
There are many fraudulent companies in the cloud mining industry. Do your research to ensure the company is legitimate before investing.

Market Volatility:
Cryptocurrency prices are highly volatile. If the price drops significantly, your mining operation could become unprofitable.

Remember, although it's possible for cloud mining to be profitable, it can also involve significant risk. It's important to do thorough research and consider whether you're comfortable with the potential for losing your investment before you proceed.

What is a Mining Pool?

Cryptocurrency mining can be a tough challenge for solo miners due to its energy-intensive nature and the high level of computational power required. This is where mining pools shine.

A mining pool is essentially a collective of cryptocurrency miners who amalgamate their computing power over a network.

Instead of mining individually, they work together to solve complex mathematical problems involved in validating transactions and creating new blocks in the blockchain.

When a miner from the pool successfully mines a block, the reward is shared among all miners in the pool proportional to their contributed computing power.

ASIC vs GPU mining

ASIC and GPU are two types of hardware commonly used for cryptocurrency mining. They have some key differences

ASIC Mining:

Purpose-Built:
ASICs are designed for a specific use case - in this case, mining a specific cryptocurrency. They are incredibly efficient at performing the calculations required to mine that particular currency.

High Performance:
ASIC miners are much faster and more power-efficient when mining the specific cryptocurrency they were designed to mine.

Less Flexibility:
ASICs can only mine cryptocurrencies that use the same mining algorithm for which the ASIC was designed. If a cryptocurrency changes its mining algorithm, or if you want to switch to a different coin that uses a different algorithm, the ASIC could become useless.

Centralization Concerns:
Since ASICs are expensive and not universally accessible, their use can lead to centralization, with a small number of entities controlling a large proportion of the mining power.

GPU Mining:

General Purpose:
GPUs are designed for visual rendering purposes, such as video gaming and graphics design, but they can also be used for mining cryptocurrencies which makes them more flexible than ASICs.

Lower Performance:
For the specific task of mining cryptocurrencies, GPUs are generally slower and less power-efficient than ASICs. However, they can still be profitable, especially when mining coins that are not yet supported by ASICs or are resistant to ASIC mining.

More Flexibility:
GPUs can mine any cryptocurrency that is mineable, providing more flexibility if a miner decides to switch the cryptocurrency they are mining.

Decentralization:
GPUs are more widely available and affordable than ASICs, leading to greater decentralization in mining.

CPU vs GPU Mining:

Cryptocurrency mining involves performing complex calculations to validate transactions and add them to a blockchain. Different hardwares can be used for this process, with the two most common types being CPUs and GPUs. Here's how they compare:

CPU Mining:

Versatility:
CPUs are extremely versatile and can handle a variety of tasks. They are capable of mining any coin, although the rate at which they mine might not be efficient.

Less Power:
CPUs typically have fewer cores and operate at slower speeds than GPUs. This means they are less powerful when it comes to mining cryptocurrencies, which requires a lot of processing power.

More Energy Use per Computation:
Because CPUs are less efficient at performing the types of calculations required for cryptocurrency mining, they tend to use more energy per hash (unit of mining computation) than GPUs or ASICs.

Accessibility:
CPUs are a component of every computer, meaning anyone with a computer can start CPU mining without making any additional investment in hardware.

GPU Mining:

Specialization:
GPUs are designed to be amazing at performing certain types of calculations. Specifically, they are excellent at the type of repetitive, parallelizable calculations required for both rendering graphics (their primary design use) and mining cryptocurrencies.

More Power:
GPUs typically have more cores and can handle more calculations per second than a CPU. This makes them much more effective at mining cryptocurrencies.

Efficiency:
GPUs are more power-efficient for mining purposes than CPUs. They can perform more calculations for the same amount of power, which can lead to lower electricity costs and better overall profitability.

Versatility:
GPUs are not as versatile as CPUs in terms of the overall variety of tasks they can handle. However, they can mine a broader range of coins efficiently compared to ASIC miners, which are another type of mining hardware that's even more specialized than GPUs.

In summary, while it's technically possible to mine with both CPUs and GPUs, GPUs are generally much more effective and efficient for mining purposes.

CPUs have largely been rendered obsolete for most popular cryptocurrencies due to their lower computational capability and higher energy usage per hash.

However, they might still be used for certain less computationally-intensive cryptocurrencies.

Now let’s get started on how one starts crypto mining.

How to start crypto mining?

Before you start your crypto mining journey, these are 3 things that you will need to start the crypto mining process:

1. Crypto wallet
2. Mining Software
3. Mining Hardware

Crypto wallet:

You will need a crypto wallet to store all of your mined coins which also supports storing your specific mined coin.

There are a lot of wallets available online, and there are also some that even exist in the form of "cold storage" wallets, which function offline. It's crucial to determine the type of wallet that best suits your requirements prior to initiating your mining process.

Mining Software:

You'll need to download mining software compatible with your hardware and the cryptocurrency you've chosen. While most mining softwares are free, here are some of the popular mining software:

1.CGMiner
2.EasyMiner
3.HoneyMiner.

Mining Hardware:

Now comes the most- pocket-burning part of crypto mining, deciding on the hardware. Based on your budget, you’ll need to build a powerful crypto-mining rig.

How much does a Crypto Mining Rig cost?

Whenever you buy or build a crypto mining rig, just remember that more hash rate means more profitability or more mining rewards.

Just like we discussed above about the different types of mining, your most money-draining part of crypto mining would be a hardware, you could decide between getting an ASIC as discussed above or you could get a home computer with a powerful CPU and a GPU.

The Bitmain Decred Miner DR5 which is an ASIC costs roughly $5,600 which would mine around 35 terahashes per second (TH/s). You could also go for the Bitcoin Miner S10 Pro which mines at 110TH/s.

If you decide on going the home computer route, your main focus would ideally be towards the GPU and a good GPU for mining would be an RTX 3090 Ti which costs about $1,700 and mines at 133 mega hashes per second (MH/s). You could also have multiple GPUs in your Home Computer turned crypto mining rig.

What is Bitcoin Hashrate?

The hashrate is the speed at which a miner's hardware is making operations in the Bitcoin code, aiming to solve a complex mathematical problem that leads to block creation in the Bitcoin blockchain.

It's a measure of the miner's computational power. Higher hash rates mean more hashes a miner can perform per second, and the higher the chances of solving the mathematical problem, thus mining a new block and receiving the Bitcoin reward.

How long does it take to mine 1 Bitcoin?

According to this article by Techslang, it can take about 10 minutes to even 30 days to mine a single bitcoin.

Can I mine Bitcoin on my phone?

Yes, it is possible to mine Bitcoin and other cryptocurrencies on your phone, here are some of the popular crypto mining apps for both Android phones and iPhones:

1. Storm Gain

2. Crypto Tab

3. BitDeer

4. ECOS

5. CoinX

What are the disadvantages of crypto mining apps?

Limited Processing Power:
Mining cryptocurrencies requires a lot of processing power. Smartphones, while powerful for everyday tasks, are not designed for the kind of computational work required in mining.

Battery Life:
Mining uses a lot of energy and can drain a smartphone's battery quickly, reducing its lifespan.

Overheating:
The continuous heavy processing load put on the smartphone by mining can lead to overheating, which could damage the phone.

Economic Feasibility:
The amount of cryptocurrency you can mine with a smartphone is usually very small and likely won't cover the costs of electricity used, let alone the wear and tear on your device.

Can Crypto Mining be Taxed?

Yes, your rewards from crypto mining can be taxed and the interest and process vary from country to country.

If you are a US citizen, you will be taxed twice:1. Income tax on the mining rewards when mined2. Capital gains taxes when you sell the mining rewards

In case the value of your mining rewards drops, you can take the benefit of loss harvesting to lower capital gains taxes.

If you are from Australia, you don’t need to pay taxes on your mined coins if you’re mining as a hobby, you will only be liable to pay taxes on capital gains when you sell/trade them.

But if you are a business miner, you are liable to pay taxes on your income rewards from mining as well as capital gains when you decide to sell your mining rewards.

Canadian miners are liable to pay capital gains and not income tax from mining rewards if they are doing it as a part of their hobby as same as that in Australia,

If you use a home computer to mine in the UK, you’re quite likely to be a hobby miner. As a hobby crypto-miner in the UK, you’ll pay income tax on your mined rewards in GBP as well as pay capital gains tax when you sell your mining rewards.

But if your crypto mining operations are classified as business, mining rewards will be added to your trading profits and be considered capital gains. You will also pay capital gains tax when you decide to sell/trade them.

If you are from India, you’ll pay 30% tax on your profits from trading crypto as well as 1% TDS if the sale exceeds Rs 50,000 in a single financial year. You are also liable to pay income tax on your mining rewards.

Conclusion:

Crypto mining has grown exponentially, attracting both enthusiasts & professionals to this decentralised ecosystem.

As the mining industry becomes more competitive and resource-intensive, miners must adopt sustainable practices that reduce energy consumption, promote environmentally friendly alternatives, and remain profitable in doing so.

All future participants in this space must conduct extensive research and understand the risks associated with cryptocurrency mining. With careful consideration, one can choose to stay away from this exciting field or participate in it and potentially reap the benefits it provides.

If you liked our article, Check out our other article on Perpetual Contracts.

Also, check out our article on Prometheus and how it got approved by the SEC.

Trade Bitcoin and 200+ other coins with 0 fees* on Zelta.io.

What is the technology that backs this decentralised network??

This technology is called Blockchain and it is often referred to as the backbone of various decentralised networks. It is said that in the near future blockchain itself is capable of changing the way business is done today and blockchain hosting is just one of its uses. Before diving deeper into the topic, let us cover a brief about blockchain for those who are new to this concept or might have just started.

What is Blockchain?

Blockchain is simply a distributed database or digital ledger that is used to store any kind of information online. This electronic data and information storage system is most recognised for its work in the storage of cryptocurrencies like Bitcoin, Ethereum etc. It assists in making transactions encrypted and safe and creates groups of data called blocks for storing this information. But where can a regular person locate a place to employ or make use of this technology?

You don’t have to worry since you will have a strong understanding of where and how to save and handle all of your transactions by the time you finish reading this article.

Diving Into Blockchain Hosting

Blockchain hosting is a method for quickly storing and managing data. It refers to hosting data in a decentralised fashion. This hosting service is peer-to-peer, making it more dependable, secure, and challenging to hack into or change. It is neither a service provided by a third party nor one that is derived from a single company.

The most desirable service is that of storing data and information in nodes, linking them, and creating chains of such nodes. The ease of saving and retrieving makes it simple for users to utilise and offers a wonderful user experience. Since many businesses now provide this type of hosting service and are moving toward a more effective and safe method of information organisation, you may discover a variety of hosting platforms for your blockchain organising needs. Some of the well-known blockchain service providers are Ethereum and NEO. These platforms offer a variety of functionalities, such as Ethereum's Ethereum Virtual Machine (EVM), which may be run on the Ethereum Network.

Because nodes are essential to hosting, this kind of service is also commonly referred to as "blockchain node hosting."

What is the need for storing transactions using nodes if we can store the data on the server as well? From where & how did the concept of Nodes come into the technology?

More about the Blockchain Nodes:

That’s because the technology of blockchains doesn’t have a central server for storing and organising all the transactions as it is decentralised in nature. So, to cover up the use of the server for managing transactions or ledger, the concept of storing data on your local computers or systems all over the world came in, and these local systems or computers are known as Nodes.

But what exactly are these Nodes?

These Blockchain Nodes are a very quick and effective component of blockchains since they can relay information about the data being stored as well as all the other concurrent operations taking place. They are used for storing the exact copy of the ledger & information about it. The user can view and retrieve digitally stored transactions more easily thanks to these nodes. Due to their decentralised mode of operation, these nodes, in addition to being quick providers, also assist users in saving time and money. There are two types of the node -

Light Node

Used for storing only the headers of the blockchain & these nodes do not carry the whole weight of the ledger.

Full Node

As the name suggests, these nodes are bound to carry the whole weight of the transactions & are also used for verification of all the transactions on the network.

Before choosing the type of node you require for your blockchain network, you must ascertain your needs. Then, you must get in touch with a preferred blockchain node provider that will take care of managing and storing your transaction data on the node. Because it will be difficult for you to construct and manage these nodes on your local server, these node providers are well known for their creation and maintenance of nodes. These node providers come in two varieties: those that are blockchain-specific or those that enable communication with several blockchains.

Till this point, you must have understood about nodes & their hosting in blockchain technology. Such hosting services are provided by many companies, one of them being Applied Blockchain.

Applied Blockchain(APLD) is famous for providing next-generations data centres & work with the focus of providing a boost to the infrastructural support to the Blockchain Industry. As the name suggests it works with the motive of making the application of blockchain technology smooth and efficient.

The firm of Applied Blockchain also promises the consumers a service of Hosting, which is readily known as Applied Blockchain Hosting in the market. This hosting service provided by APLD is very famous among the consumers as it works with the concept of hosting or controlling an individual node for your network, and it takes care and looks after any kind of fraudulent activity or if the transactions are being reordered, which ultimately provides you with better security and risk management. Even though a lot of such hosting services are present around the globe, still a lot of people think why pay a service provider for the same, why don't we create something of our own? Why don't we create our server & manage it?

Building Your Own Blockchain Server:

Yes, you can build your server, but there are a lot of things to consider before you do, such as the cost of hiring the developer who will work on it, the cost of designing the server, the cost of deploying the product locally before pushing it to a production site, and the cost of maintaining the entire server. Things don’t limit till here, the cost of making such servers is large as they also involve a third-party system for hosting them. This sums up to a million dollars. Hence, people usually prefer using Web3 providers rather than their own network.

Conclusion:

As the opportunities and demands for Web3 node providers are increasing day by day, it is also increasing the percentage of revenue this industry is generating annually. One such major source of income for the providers is the generation of Node. The node here we are talking about is the ‘Lighting Node’ as they are known for carrying out the most efficient way of providing or holding transactions. People are generating huge sums of profit using this method, where they are keeping the cost of their nodes menial, but their nodes are highly efficient enough on the network.

These nodes are promising in terms of service as well as a great source of passive income generators, but that doesn’t mean that you can just start creating your own Nodes. As the cost of generation & running these nodes is very expensive, such a massive amount of investment is not very easy for everyone to make but it can be afforded by companies working on a larger scale.

While perpetual futures bring numerous advantages, they also come with considerations and risks, such as funding rates and potential market manipulation.
In this blog, we shall cover everything, right from what are perpetual contracts to what is a perpetual swap to what is a funding rate and how are funding rates calculated.

We will also be comparing the pros and cons of perpetual future contracts as well as how they compare to spot trading and a standard futures contract.

Before we get started, don't forget to check out Zelta.io, a trading platform with zero trading fees* and an extensive selection of over 200 cryptocurrencies to trade.

What is a Perpetual Futures Contract?

Perpetual futures contracts in cryptocurrency are a form of derivative product that allows traders to speculate on the future price of a cryptocurrency without the need to own the underlying asset.

Unlike traditional futures contracts that have a set expiry or settlement date, perpetual futures contracts do not expire, hence the term "perpetual".

Perpetual futures contracts work by mimicking the spot trading market while offering leverage, which means traders can multiply their profits (or losses) without needing to commit the full cost upfront.

(Click here to read more about spot trading.)

Perpetual futures contracts offer greater flexibility for traders looking to speculate on price movements of cryptocurrencies.

However, they also involve a higher level of risk due to the leverage involved, and thus, require a good understanding of the market and risk management techniques.

How does a Perpetual Futures Contract work?

Perpetual futures contracts in cryptocurrency work through a system of mechanics and features that allow traders to speculate on the price of an underlying crypto asset. Let's break down the main components of how they work:

Buying and Selling:

In a perpetual futures contract, you can take a "long" position or a "short" position. Unlike the traditional spot market where you buy low and sell high, in futures trading, you can also sell high and buy low.

This feature allows traders to profit from both rising and falling markets.

(Click here to learn about what longing or shorting means)

Leverage:

Perpetual futures contracts in cryptocurrency trading often come with the advantage of leverage. Leverage allows traders to borrow funds to increase their trading position beyond what their current account balance would allow.

It's a way to multiply potential profits, but at the same time, it also multiplies the potential losses, making trades riskier.

Funding Rate:

To keep the price of the perpetual contract close to the spot price of the underlying asset, a mechanism known as the "funding rate" is used. If the price of the perpetual contract is higher than the spot price, those in long positions have to pay those in short positions.

This payment incentivizes closing long positions and opening short ones, driving the perpetual contract price down. The opposite occurs if the perpetual contract price is below the spot price.

Auto-Rollover:

Unlike traditional futures contracts that have a set expiry or delivery date, perpetual futures contracts do not expire. This is because they automatically roll over at the end of each funding period, which is typically every 8 hours.

Margin and Liquidation:

Depending on the platform, traders may need to post a margin. If a trader's account balance falls below the maintenance margin requirement due to adverse price movements, their position may be liquidated by the exchange.

Settlement:

There's no physical settlement of the underlying asset in a perpetual futures contract. Instead, the profits or losses are reflected in the trader's account balance, typically in the form of the quote currency.

Keep in mind, while these contracts can be a powerful tool for speculation and hedging, they can also be risky due to the leverage involved, the possibility of forced liquidation, and the volatility of the crypto market.

Therefore, it's important to understand how they work and the risks involved before engaging in perpetual futures trading.

Here is an example of how Bitcoin Perpetual Futures Contract works:

Imagine you, a crypto trader, explore perpetual futures contracts to speculate on Bitcoin's price. These contracts have no expiry date, offering flexibility. With $1,000 in your account, leverage allows you to control a $10,000 investment.

A 1% price increase could yield a 10% gain. In the same way, a 1% decrease could yield a devastating 10% loss.

Now that we know how Bitcoin Perpetual Future Contracts work, let’s learn about Funding Rate

What is Perpetual Future Funding Rate?

The funding rate in perpetual futures contracts is a mechanism used to maintain the price of the contract in line with the underlying spot price of the cryptocurrency.

It is calculated and exchanged between long and short position holders at regular intervals, usually every 8 hours.

The funding rate is determined based on the difference between the perpetual contract price and the spot price of the cryptocurrency.

If the perpetual contract price is higher than the spot price, indicating more long positions, long traders pay short traders.

Conversely, if the perpetual contract price is lower than the spot price, indicating more short positions, short traders pay long traders.

The funding rate helps incentivize traders to keep the perpetual contract price close to the spot price.

What happens when Funding Rate is positive?

If the funding rate is positive, it encourages traders to open short positions.

What happens when Funding Rate is negative?

If the funding rate is negative, it encourages traders to open long positions.

This mechanism aims to prevent the perpetual contract price from deviating significantly from the actual market price of the cryptocurrency.

How is Funding Rate calculated for Perpetual Future Contracts?

The formula to calculate the funding rate is:

Funding Rate = Clamp((Mark Price - Index Price) / Funding Interval, -0.05%, 0.05%) + Interest Rate

Where,
Mark Price is the estimated fair market value of the perpetual contract,
Index price is the reference spot price of the cryptocurrency,
Funding Interval is the time period between funding rate payments,
Interest rate is an additional fee, usually a small percentage, added to the funding rate.

What are the Advantages and Disadvantages of Perpetual Future Contracts?

Advantages of Perpetual Futures Contracts:

No Expiry Date:

Perpetual contracts have no fixed expiration, providing flexibility in managing positions.

Leverage:

Traders can control larger positions with less capital, amplifying potential profits.

Access to Multiple Assets:

Contracts are available for various cryptocurrencies, allowing for diversification.

Profit in Bull and Bear Markets:

Traders can benefit from both rising and falling markets.

Liquidity and Trading Volume:

Contracts are traded on liquid exchanges with high trading volumes.

Hedging and Risk Management:

Contracts can be used to hedge positions and manage risk.

Market Efficiency and Price Discovery:

The perpetual futures market aids price discovery and reflects real-time sentiment.

Disadvantages of Perpetual Future Contracts:

Here are the risks involved with Perpetual Future Contracts:

Leverage-Related Risk:

Leverage can amplify losses and lead to account liquidation.

Price Volatility:

High volatility increases the risk of significant gains or losses.

Funding Rate Considerations:

Traders need to account for funding costs, impacting profitability.

Complexity:

Perpetual futures trading involves understanding various concepts and strategies.

Market Manipulation:

Cryptocurrency markets can be susceptible to manipulation.

Counterparty Risk:

Trading on centralized exchanges exposes traders to counterparty risks.

Limited Use for Physical Ownership:

Perpetual futures contracts do not provide actual ownership of cryptocurrencies.

Now let’s learn what Perpetual Swaps are.

What are Perpetual Swaps?

Perpetual swaps function similarly to perpetual futures contracts, but with a few key differences. Unlike traditional futures contracts, perpetual swaps do not have a fixed maturity or settlement date.

Instead, they are designed to replicate the price of the underlying asset through a funding mechanism.

In a perpetual swap, traders can take long or short positions, speculating on the price movement of the underlying asset. Long positions benefit from price increases, while short positions profit from price declines.

How do Perpetual Swaps work?

Perpetual swaps are derivative contracts that track the price of an underlying asset, such as a cryptocurrency, without an expiration date. They allow traders to speculate on the price movement of the asset using leverage.

Here's an overview of how perpetual swaps work:

Traders can take long or short positions on the perpetual swap contract.

The perpetual swap contract is designed to closely mirror the price of the underlying asset, usually through a price index or an oracle mechanism.

Leverage is often available, enabling traders to control a larger position with a smaller amount of capital, potentially amplifying profits or losses.

The perpetual swap contract's price is continuously updated and reflects the real-time price movement of the underlying asset.

A funding mechanism is employed to maintain price alignment with the spot price. Funding payments are exchanged between long and short position holders periodically, incentivizing traders to keep the contract price in line with the underlying asset's value.

Traders can enter and exit positions at any time, as perpetual swaps do not have an expiration or settlement date, providing flexibility for trading strategies and risk management.

What is Funding Rate in Perpetual Swaps?

The funding rate in perpetual swaps is a periodic fee or payment exchanged between long and short position holders.

It helps maintain price alignment with the spot price. When the perpetual swap price deviates from the spot price, the funding mechanism incentivizes traders to rebalance their positions. Long position holders pay fees to short position holders if the perpetual swap price is higher than the spot price, and vice versa.

The funding rate is calculated regularly, typically every 8 hours, and impacts the trader's account balance. Traders should consider the funding rate when holding positions for longer durations, as it affects profitability and costs.

Now that we’ve learnt what Perpetual Swaps are, let’s see the differences between perpetual swaps and perpetual futures

Perpetual Swaps vs Futures

Perpetual swaps and perpetual futures are both derivative contracts used in cryptocurrency trading. The main differences are:

Structure:

Perpetual swaps have no expiry or settlement date, while perpetual futures have a settlement process.

Settlement:

Perpetual swaps don't require physical delivery, settling profits/losses in the quote currency. Perpetual futures involve settlement at a predetermined time.

Funding Mechanism:

Both use funding to align prices, but perpetual swaps exchange rates between long and short holders, while perpetual futures settle gains/losses between buyers and sellers.

Availability:

Perpetual swaps are found on margin trading platforms, while perpetual futures are traded on dedicated futures exchanges.

Contract Specifications:

Specifications, such as tick size and fees, can vary between perpetual swaps and futures.


Understanding these differences is essential for traders when deciding which instrument suits their needs and risk appetite.

Now, let’s compare Perpetual Futures with margin and spot trading

Perpetual Futures vs Spot Trading

Perpetual futures trading and spot trading differ in several ways:

Expiry and Settlement:

Perpetual futures contracts have no expiry date, while spot trading involves immediate settlement.

Leverage and Margin:

Perpetual futures contracts allow leverage, amplifying potential gains or losses. Spot trading typically does not involve leverage.

Price Tracking:

Perpetual futures contracts track the underlying asset's price but may deviate due to factors like funding rates. Spot trading involves buying or selling the actual asset at the current market price.

Short Positions:

Perpetual futures contracts enable short positions, allowing traders to profit from price declines. Spot trading only allows long positions.

Funding Rate and Costs:

Perpetual futures contracts involve funding rates and fees, impacting profitability. Spot trading does not have such costs.

Market Access and Liquidity:

Spot trading is widely accessible, while perpetual futures contracts may be limited to specific exchanges, potentially affecting liquidity.

Ownership and Delivery:

Spot trading offers direct ownership and delivery of the asset, while perpetual futures contracts represent derivative contracts without physical ownership.

Traders should consider factors such as flexibility, leverage, immediate settlement and funding costs when deciding between the two approaches.

What is the difference between Margin and Perpetual Futures?

Margin trading and perpetual futures differ in the following ways:

Structure:

Margin trading involves borrowing funds to leverage trading positions, while perpetual futures are derivative contracts without an expiry date.

Expiry and Rollover:

Margin trading positions have no expiry and can be held indefinitely, while perpetual futures do not have an expiration or need for rollover.

Funding and Fees:

Margin trading involves borrowing funds and paying interest, while perpetual futures use a funding rate mechanism for periodic payments between long and short positions.

Price Tracking:

Margin trading directly speculates on the asset's price, while perpetual futures aim to replicate the underlying asset's value through a funding mechanism.

(Click here to learn more about Margin/Leverage Trading.)

Traders should assess their risk tolerance and objectives when choosing between margin trading and perpetual futures.

FAQ on Perpetual Futures:

Is funding rate a good indicator?

No, funding rates alone are not considered a reliable indicator for crypto trading. While they provide insights into market sentiment and price alignment, they should be used alongside other indicators and factors for comprehensive analysis.

Traders should consider a broader range of information and conduct thorough research before making trading decisions.

Do stocks have Perpetual Futures?

No, we haven’t come across any broker that offers perpetual futures for stocks, but they do offer Futures and Options.

What is a good risk percentage in futures?

There is no set rule on what is a good risk percentage, but according to this article by CMEGroup, 2% is a good risk percentage.

Conclusion:

Perpetual future contracts have revolutionized derivatives trading by eliminating fixed expiry dates and providing flexibility to investors. These contracts allow traders to speculate on asset price movements without owning the assets.

Perpetual futures offer advantages such as no expiration date, leverage for potential profits, access to multiple assets, and the ability to profit in bullish and bearish markets.

However, they also come with risks including leverage-related risks, price volatility, funding rate considerations, complexity, market manipulation, and counterparty risks.

Perpetual futures differ from spot trading and standard futures by offering continuous trading, leverage options, and short positions, but they don't provide physical ownership.

Traders must understand the workings of these contracts, associated risks, and funding mechanisms before engaging in perpetual futures trading.

Remember to always DYOR (Do Your Own Research) and focus on farming greens!

If you liked our article, Check out our other article on Stocks vs Cryptocurrency.

Trade Bitcoin and 200+ other coins with 0 fees* on Zelta.io.

Banks and financial exchanges are black boxes. We know what utility they have but have NO clue what happens in the backend.

DeFi’s goal is to create a more accessible and transparent financial system that puts control back in the hands of regular people.

So, let’s compare DeFi (Decentralized Finance) and TradFi (Traditional Finance).

DeFi vs. TradFi

When it comes to finance, the biggest difference between traditional finance (TradFi) and decentralized finance (DeFi) is who controls the financial system.

With traditional finance, central authorities such as governments and central banks control the financial system.

On the other hand, with decentralized finance, there is no central authority. DeFi relies on code. You can send money, earn interest, and get a loan from users directly through smart contracts that enforce the rules.

Let’s compare TradFi to DeFi in more detail:

Trust

• TradFi: Middlemen like banks hold your money.

• DeFi: You hold your money and trust smart contracts to handle it.

Transparency

• TradFi: Financial transactions are often opaque.

• DeFi: Many DeFi protocols are open source.

Identity and access

• TradFi: You must apply for a bank account with your identity and credentials. Banks and markets are only open during business hours.

• DeFi: You can use DeFi protocols without revealing your identity as long as you have a crypto wallet. DeFi protocols work 24 7.

Returns

• TradFi: Middlemen take a large cut of your returns (e.g., banks only offer 0.5% savings).

• DeFi: Returns are often higher due to more risk and fewer middlemen taking a cut.

Risk

• TradFi: Banks are federally insured and heavily regulated.

• DeFi: DeFi protocols are usually not insured or regulated (for now). Risks include volatile token prices, smart contract bugs, and scam projects.

As you can see, while DeFi has considerable advantages, it also has disadvantages:

• Advantages include more transparency, greater access, and higher potential returns.

• Disadvantages include higher risk associated with a nascent, unregulated industry.

It’s important to understand what you’re dealing with here. As investors, you need to understand the risk-reward equation. Always think carefully about the money you’re going to put to use.

The best approach right now is to use both systems for things they’re better suited for. Use TradFi for everyday money dealings and use DeFi for sending money internationally or earning interest on your cryptocurrencies by lending them.

Next week, we’ll understand how can you make your Crypto earn interest for you.

Till then, keep learning, keep building.

Zelta out.

These tokens are stored and issued on the Bitcoin blockchain itself.

BRC20 Token standards are not similar to the token standards we have seen in the past that run with EVM Chains.

BRC Tokens can only store script files in Bitcoin and which are used to assign tokens to Sats (Satoshi) which enables these files to move from one user to the other.

What is Ordinals Protocol?

The Ordinals Protocol is what brought BRC20 Tokens into existence. The Bitcoin Taproot upgrade in November 2021 brought about this layer 1 protocol to the crypto world.

The protocol enabled Sats to carry additional data over the blockchain, with a data size of approximately 3.9MB per Satoshi.

The method used to add data to Sats is called ‘inscription’. People can use Ordinal Inscriptions of JSON data to deploy token contracts, mint tokens, write messages, digital art, images & videos to Bitcoin.

However, smart contracts are a feature that is yet to come to this layer 1 protocol.

What is the BRC 20 Blockchain?

The BRC20 token’s blockchain is basically the Bitcoin blockchain. BRC tokens are issued on the Bitcoin blockchain that’s secured by a proof of work mechanism, unlike the ERC20 Tokens that are issued on the Ethereum blockchain and secured by proof of stake mechanism.

(Click here to learn more about Blockchains)

Who created BRC 20 tokens?

BRC-20 Token was launched in March 2023 by a developer named ‘Domo’ who decided to stay anonymous.

Here is the Twitter handle of this revolutionary Dev @domodata for those who would like to drop in an early follow.

What are Bitcoin NFTs?

Bitcoin NFTs are simply ‘ordinal inscriptions’. These Ordinals are similar to NFTs as they are digital assets that are inscribed on the lowest denomination of a BTC (bitcoin) called Sats (satoshi). Named after the creator of Bitcoin, Satoshi Nakamoto.

Difference between Bitcoin NFTs (Ordinals) vs NFTs

Even though both share a similar name these are not even close to being similar.

Bitcoin NFTs only exist on-chain and are immutable, which means they can not be altered in any way.

As for NFTs, they are not always immutable and can exist off-chain as well.

Another difference between the two is concerning their metadata.

Ordinals store metadata with the witness signature field of the Sat transaction, unlike NFTs which store the metadata separately.

This being said the two main similarities shared by Ordinals and NFTs are that they both are associated with digital art and they are both Non-fungible.

Is 1000X BRC 20 token a possibility?

Only time will tell if this new stir in the Bitcoin world will go to the moon or not.

Even though most of the OG Bitcoin believers are not in favour of any changes being made to the vision and concept of how Satoshi Nakamoto envisioned Bitcoin to be, the newer generation believes that Bitcoin needs to evolve and this could be just the right spin needed to wheel in Bitcoin evolution.

Trade Bitcoin and 200+ other coins with 0 fees* on Zelta.io.