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TGE (Token Generation Event) TGE or token generation event is the time when a token is first launched into circulation. Airdrop is one way to launch a token into circulation for the first time, so often the TGE of a token is the same as the time when the token was claimed via airdrop. @phaver $Social Summer
EVM (Ethereum Virtual Machine) EVM or ethereum virtual machine is a virtual machine that runs the Ethereum ecosystem, including scaling or layer-2 solutions built on top of it. Usually in airdrops, the term EVM wallet appears which means wallets that support the Ethereum ecosystem such as Metamask and other examples.
@joonatan Lintala CEO & Co-founder at @phaver – The Gateway to Web3 Social Building a more fair web3 social platform at Phaver, allowing users to actually own their social presence and get rewarded for the value they create for the community $Social Summer
Phaver aims to create easier access to decentralized social platforms. They are in the process of creating a platform that offers an onboarding experience similar to what users typically expect from web2 social platforms. @phaver was eager to overcome the technological challenges of joining the community at Web3. @joonatan Lintala, CEO and co-founder of Phaver, argues that to achieve mass user adoption of Web3 social apps, the user experience must feel like a regular social app, not a high-tech one. According to him, users will not care about the underlying technology, as long as they can use the application easily and comfortably.
Eligible Criteria? Eligible criteria means a collection of conditions that must be met in whole or in part to be entitled to receive a particular airdrop. For example, in the $Social Summer @phaver 2024 airdrop, one of the eligible criteria is every user needs to have a Lens profile, Farcaster profile and at least one Cred item connected on Phaver.
Snapshot ? A snapshot is a record of the number of tokens and activity a wallet has at a certain time. In the context of an airdrop, a snapshot is usually the deadline for a wallet holder to meet given criteria. For example, the $Social Phaver airdrop snapshot occurred on July 6, 2024. So all wallets that meet the eligibility criteria before July 6, 2024 are eligible for the airdrop. $Social Summer @phaver
Vesting? Vesting is a mechanism used in crypto projects to allow the release of a predetermined number of coins/tokens when certain conditions are met within a specified time period. Some airdrops implement a vesting system where airdrop recipients will receive tokens gradually, not once at a time.
Song Underground @phaver $Social Summer
What Are Cold Wallets? Cold wallets are devices or means of storing cryptocurrencies that are not connected to the internet. This makes them extremely secure against online attacks. Unlike hot wallets, which are always connected and therefore more vulnerable, cold wallets ensure that your cryptocurrencies are out of reach of hackers
Holding cryptocurrencies on exchanges requires a proactive approach to security. By implementing these best practices—such as enabling 2FA, accessing your account in incognito mode, and regularly monitoring account activity—you can significantly reduce the risk of unauthorized access and ensure your digital assets remain safe. Stay informed and vigilant, as the security landscape is always evolving.
Bitcoin is a digital currency. So you can understand that different digital devices have to be used for this. But Bitcoin's blockchain also needs to be updated over time. Let me give a simple example. We all run YouTube more or less. As we saw YouTube 3-4 years ago, it is not like that anymore. Many more updates have been added on YouTube. Similarly, the code of Bitcoin has also received various new updates. Which basically happened through hard fork. There were various errors in the smart contract which led to a possibility of the coin being hacked. As a result, there are new updates in Bitcoin. As a result, cryptocurrency still survives. These updates are mainly done by developers and miners together.
Song Phaver Power Up
✅ There are more than 100 thousand users in the queue. If you do not receive your NFT within 6 hours of claiming, you can try again. We will use your initial claim time for reward distribution to ensure no one misses out due to bugs. 🚀🦄 Let's Keep Growing! 🚀🦄 $Social Summer
Bill Miller says bitcoin is significantly undervalued Fiat is going to zero against bitcoin Bitcoin is going to eat fiat's lunch. Bill Miller sees it, and so do a lot of other billionaires. Lately he said that even with bitcoin near all time highs, it should be a lot higher as the fiat money printers are going to keep printing... He's exactly right.
https://accounts.binance.info/register?ref=DNCXY2II
$Social Summer
Mexican billionaire Ricardo Salinas is big on bitcoin Mexican billionaire Ricardo Salinas has 60% of his liquid investment portfolio in bitcoin Salinas is Mexico’s third richest man, and the world’s 154th richest, with a net worth of $12.8B You want guys like this advocating for bitcoin Ricardo Salinas is a businessman, founder, and chairman of Grupo Salinas with interests in telecommunications, media, financial services, and retail
Lets hope this happens again! Everyone gets bitcoin at the price they deserve They say it is overpriced now, but what will they say in 6 months? Probably the same thing... They said it at $2k, at $10k, at $20k, at $40k etc etc etc. Bitcoin has kept going higher the entire time.
Donald Trump declares himself as the crypto president He was recently at a San Francisco Fundraiser The event was hosted by Craft Ventures general partner, David Sacks and tech billionaire Chamath Palihapitiya The event reportedly helped Trump raise $12 million Trump said recently, "our country must be the leader in the field, there is no second place."
Governments starting to cut rates all over the globe Now Denmark cuts rates by 0.25% to 3.35% Does that mean the US Government will be next to give some relief? It will be a big upcoming week with both FOMC and CPI set up for Wednesday Something tells me we won't be cutting rates like many are hoping for We'll have to wait and see how Jerome Powell and company respond to recent data Hoping for the best and preparing for the worst, that's the only thing we can do
ETFs have been on fire lately Yesterday, US ETFs inflows brought in $488M That's null.4B in just over two days Fidelity and BlackRock led the way, doing $220M and $155M respectively Right behind the two giants were ARK and Bitwise, they saw inflows of $71M and $18M Even Grayscale had a $14.6M inflow
Trust Wallet : A Decentralised App Trust wallet is a decentralized wallet meaning it has no ownership. I have previously discussed decentralized blockchain in various posts. trust wallet used by people for nft. In order to trust anything in crypto currency, we must have a good understanding of it. And if not, we may be victims of scams. There are many who do not want to scam. But they are forced to scam without being able to do that. But since decentralized blockchains have no ownership in cryptocurrencies, they can never scam. So I think trust wallet will be the best option for you now. trust wallet is currently very popular for nft. And this wallet will become more popular in the future
Join me on MyLovelyPlanet and complete your quests to be eligible for the airdrop. https://trustwallet.mylovelyplanet.org/?ref=SJ88I14A
Join me on MyLovelyPlanet and complete your quests to be eligible for the airdrop. https://trustwallet.mylovelyplanet.org/?ref=SJ88I14A
Thailand approves its first spot bitcoin ETF The Thailand Securities and Exchange Commission has given the green light to One Asset Management (ONEAM) Another country with an ETF to add to the list Feels like we get a new one almost every day now At this rate the entire world will be able to buy bitcoin through an ETF
Australia launches first bitcoin ETF tomorrow It's great to see more and more countries offering Bitcoin ETF to their citizens It won't do much volume I assume but it's definitely a step in the right direction
The Integration of Cryptocurrency Payments into Forex Trading Enhanced Accessibility: Cryptocurrencies facilitate borderless transactions, allowing traders from various regions to access forex markets without the hassle of currency conversions and related fees. Lower Transaction Costs: Traditional forex trading incurs significant fees for deposits, withdrawals, and currency exchanges. Cryptocurrencies can substantially lower these costs, making trading more economical. Faster Transactions: Cryptocurrency transactions are processed rapidly compared to traditional bank transfers, enabling quick deposits and withdrawals. This speed is crucial in forex trading, where timely fund access can influence trading strategies. Diversified Trading Options: Introducing cryptocurrency pairs alongside traditional fiat pairs diversifies trading options, appealing to traders interested in both markets and enhancing market liquidity. Security and Transparency: Blockchain technology, which underpins cryptocurrencies, ensures secure and transparent transactions, building greater trust in forex platforms.
Japanese Exchange loses massive amount of bitcoin Japanese Exchange DMM suffers hack Over $ 300M worth of bitcoin stolen from their primary wallet This incident marks one of the largest hacks in the digital asset industry in recent years
The Integration of Cryptocurrency Payments into Forex Trading Enhanced Accessibility: Cryptocurrencies facilitate borderless transactions, allowing traders from various regions to access forex markets without the hassle of currency conversions and related fees. Lower Transaction Costs: Traditional forex trading incurs significant fees for deposits, withdrawals, and currency exchanges. Cryptocurrencies can substantially lower these costs, making trading more economical. Faster Transactions: Cryptocurrency transactions are processed rapidly compared to traditional bank transfers, enabling quick deposits and withdrawals. This speed is crucial in forex trading, where timely fund access can influence trading strategies. Diversified Trading Options: Introducing cryptocurrency pairs alongside traditional fiat pairs diversifies trading options, appealing to traders interested in both markets and enhancing market liquidity. Security and Transparency: Blockchain technology, which underpins cryptocurrencies, ensures secure and transparent transactions, building greater trust in forex platforms.
Crypto Price Prediction
Understanding DeFi The benefits of DeFi include greater financial inclusion, as anyone with an internet connection can access these services. It also promises lower costs by removing intermediaries and increases privacy and security through cryptographic techniques. Users have full control over their assets, fostering a more transparent and trustless financial environment. However, DeFi is not without its challenges. The reliance on smart contracts introduces risks related to code vulnerabilities and potential exploits. Furthermore, the regulatory landscape is still evolving, which could impact the growth and adoption of DeFi services. Despite these risks, DeFi continues to expand rapidly, driving innovation and offering new possibilities in the financial world, challenging traditional systems and reshaping the future of finance.
Public vs. Private Blockchains Understanding the Different Permission Models Public Blockchain: Permissionless: Anyone with an internet connection can join the network, read data, and participate in activities such as mining (for proof-of-work blockchains) or staking (for proof-of-stake blockchains). Examples include Bitcoin and Ethereum. Decentralized: No single entity controls the network. Decisions are made through a consensus process ensuring transparency and security. Slow transaction speed: Due to the large number of participants and complex validation process, public blockchains can handle fewer transactions per second than private ones. Private Blockchain: Authorized: Access is restricted to authorized participants, usually controlled by a single organization or consortium of organizations Centralized or partially decentralized: A central authority manages the network, grants access, and potentially the ability to edit or delete data. Fast transaction speeds: With a limited number of pre-approved participants and a streamlined validation process, private blockchains can achieve significantly faster transaction speeds.
Phaver Power Up $Social
Crypto credentials and p2p Cryptographic credentials and peer-to-peer (P2P) networks play crucial roles in enhancing digital security and privacy. Cryptographic credentials, such as public-private key pairs and digital certificates, are fundamental to establishing secure communication channels. These credentials ensure authentication, confidentiality, and integrity of data exchanged between parties. Public-key infrastructure (PKI) is commonly used to manage these credentials, enabling secure transactions and communications over the internet. In P2P networks, cryptographic credentials are vital for verifying the identities of nodes and securing data exchanges. Unlike traditional client-server models, P2P networks distribute data and tasks among multiple nodes, enhancing resilience and reducing the risk of single points of failure. Cryptographic techniques like end-to-end encryption ensure that only intended recipients can access the transmitted data, bolstering privacy and security.
$SOCIAL SUMER A song Phaver Power Up In the realm of Web3, where possibilities bloom, Phaver's the beacon, dispelling the gloom. Social media reimagined, where users unite, Share and earn tokens, under Web3's light. Phaver, the gateway to Web3's embrace, Share your moments, earn tokens with grace. Join the revolution, let your voice be heard, In the digital landscape, let Phaver be your word. No more algorithms, no more hidden chains, Transparency reigns, as freedom gains. Content creators, your time has begun, On Phaver's platform, your journey's just begun. Phaver, the gateway to Web3's embrace, Share your moments, earn tokens with grace. Join the revolution, let your voice be heard, In the digital landscape, let Phaver be your word. Tokens of appreciation, for every share, Community-driven, with everyone's flair. Phaver's the future, where value's defined, In the decentralized world, where we all shine. Phaver, the gateway to Web3's embrace, Share your moments, earn tokens with grace. Join the revolution, let your voice be heard, In the digital landscape, let Phaver be your word. #Phairdrop @dollowen @phaver @joonatan @uangdatang @poolboy
Phaver Power Up $Social
Song Phaver Power Up
$SOCIAL SUMER A song Phaver Power Up In the realm of Web3, where possibilities bloom, Phaver's the beacon, dispelling the gloom. Social media reimagined, where users unite, Share and earn tokens, under Web3's light. Phaver, the gateway to Web3's embrace, Share your moments, earn tokens with grace. Join the revolution, let your voice be heard, In the digital landscape, let Phaver be your word. No more algorithms, no more hidden chains, Transparency reigns, as freedom gains. Content creators, your time has begun, On Phaver's platform, your journey's just begun. Phaver, the gateway to Web3's embrace, Share your moments, earn tokens with grace. Join the revolution, let your voice be heard, In the digital landscape, let Phaver be your word. Tokens of appreciation, for every share, Community-driven, with everyone's flair. Phaver's the future, where value's defined, In the decentralized world, where we all shine. Phaver, the gateway to Web3's embrace, Share your moments, earn tokens with grace. Join the revolution, let your voice be heard, In the digital landscape, let Phaver be your word. #Phairdrop @dollowen @phaver @joonatan @uangdatang @poolboy
Risk Management in cryptocurrency Risk management in cryptocurrency is basically a technique, through which we manage the risk involved in any trade we make, how much risk there is, where the risk is, and how we manage that risk. save and take whatever investment or trade you have in profit and not in loose.Risk management is also called a systematic approach in cryptocurrency by which we analyze all the things and identify all the risks as insignificant , and then we adjust our trade and investment from all these risks.So, that we can make profit in cryptocurrency and avoid loss.
Is web 3 a hype? Web 3, often referred to as the decentralized web, represents a vision of the internet where users have greater control over their data and online interactions. It is built on blockchain technology, which enables decentralized protocols and applications (dApps) that operate without central authorities. Key components of Web 3 include decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs). These innovations aim to democratize the internet by allowing individuals to own and monetize their data, assets, and online contributions. Proponents of Web 3 argue that it addresses many of the flaws of Web 2.0, such as data breaches, surveillance, and monopolistic control by tech giants. By leveraging cryptographic techniques and consensus mechanisms, Web 3 promises enhanced security, privacy, and transparency. For example, smart contracts on blockchain platforms can automate and enforce agreements without the need for intermediaries, reducing costs and increasing efficiency.
What is Flat Coin? Flatcoins are cryptocurrencies that has it value pegged to the cost of living instead of the the usual fiat or commodity like that of a stable coin. The goal of flat coin it to maintain a steady and constant purchasing power. Hence the name flat. The First notable flat coin is called Nuon which uses an unusual algorithm that tracks inflation via Truflation. Truflation is a oracle network. I hope you know what an Oracle does. Well oracle is a technology that helps a blockchain networks get information from the realm outside it, it's like a link or bridge between the blockchain world and the outside world. Truflation is used to track the prices of the goods we have in the real world and the information gotten from it can help gauge what the standard of living is like, if it's changing positively or negatively, I mean increase or decrease. This then helps the algorithm adjust the coin supply in such a way that it maintains the $ 1 peg it has been designed to function with. Flatcoins seem to have an edge over stable coin in that stablecoins seem to be affected when inflation hits the underlying assets it's pegged to.
Tether Invests $ 150 Million in Bitdeer, a Leading Bitcoin Mining Company In a significant move, Tether, the issuer of the popular stablecoin USDT, has announced a $ 150 million investment in Bitdeer, a Nasdaq-listed Bitcoin mining company. This strategic investment will accelerate the expansion of Bitdeer's data centers and the development of its ASIC-based mining rigs. According to a statement on the X platform, Tether is thrilled to announce the private financing of up to $ 150 million in Bitdeer. The investment will enable Bitdeer to scale its operations and further develop its cutting-edge technologies. The investment will be used to expand Bitdeer's data centers and acquire new ASICs (Application-Specific Integrated Circuits), which are designed specifically for Bitcoin mining. The news sent Bitdeer's stock soaring in pre-market trading, with a 11.68% increase. The partnership between Tether and Bitdeer marks a significant milestone in the development of the cryptocurrency industry, highlighting the growing importance of stablecoins and their role in supporting the growth of the broader crypto market.
Bitcoin ETFs explode and exceed $ 13 billion in inflows! BlackRock's iShares Bitcoin Trust, one of the top ETFs, just overthrew the Grayscale Bitcoin Trust (GBTC) to take the title of biggest Bitcoin fund globally, managing close to $ 20 billion in assets. In addition, withdrawals from the Grayscale fund, which has $ 17.7 billion after switching to an ETF, have been very modest, despite early worries. This ETF craze is no longer limited to Bitcoin's advantages. Indeed, 19 Ethereum ETF applications have received approval from the US regulator. A significant development that might quickly spark a new, intense competition for alternative cryptocurrencies. Without a doubt, in 2024, Ethereum and Bitcoin ETFs will set a new benchmark for cryptocurrency investment. This new generation of funds further positions this asset class at the forefront of the financial landscape by demonstrating the extensive institutional adoption of these two massive players.
Crypto Assets Diversification Crypto asset diversification refers to the practice of spreading investments across different types of cryptocurrencies or digital assets. It is a risk management strategy that aims to reduce the potential impact of volatility and market fluctuations on a portfolio. Diversification can be achieved by investing in a mix of cryptocurrencies with different market capitalizations, sectors, and underlying technologies. This approach helps to mitigate risks associated with individual assets by spreading them across a broader range of options. Key benefits of crypto asset diversification include: Capitalize on opportunities in different market segments, reducing the risk of significant losses from a single investment. Improving potential long-term income. However, it is important to note that diversification does not guarantee profits or protect against all types of risk.
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What is Blockchain? At its core, blockchain is a decentralized ledger that records transactions across multiple computers, ensuring data integrity and security. Unlike traditional centralized databases, blockchain's decentralized nature makes it inherently secure and transparent. Each transaction is recorded in a block and linked to previous transactions, forming a secure chain that is immutable and tamper-proof. Why Choose a Blockchain Development Company? A blockchain development company offers specialized services to help businesses implement and integrate blockchain solutions. These companies bring expertise in blockchain technology, smart contract development, decentralized application (dApp) creation, and system integration. By collaborating with a blockchain development company, businesses can ensure the successful deployment and scalability of their blockchain projects.
Exploring NFTs’ use-cases About 80% of NFT owners today are simply in custody of an immutable representation of their ownership rights of a digital media. A character art or photography; a couple of musicians have released their songs and albums as NFTs, this makes up another popular kind of NFTs owned by collectors. Albeit these notable and diverse applications of digital signatures, the potentials of NFTs are still underutilized…grossly. NFT critics’ constant slander of non-fungible tokens as just a “photo vending technology” is in fact justified to some extent. The buzzing technology have since been adopted by a handful of cryptocurrency and mainstream institutions for different purposes but again, most of these are basically digital media ownership rights.
Bitcoin: The Hashrate reaches its all-time high! Alarmist statements were wrong, and Bitcoin once again shows how strong it is. In fact, the most recent data shows that the main cryptocurrency's mining hashrate has recently set a historic high point, putting an end to worries about the recent halving. This event shows that miners have restored faith in Bitcoin. The Bitcoin hashrate, which shows how much computing power miners are using, has just hit a new all-time high. So, this important indicator's 7-day moving average just recently broke through its previous all-time high. Just two months ago, the fourth Bitcoin Halving cut miner rewards in half. This amazing success comes right after that