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Airdrops

How to Earn with Airdrops in the Booming DeFi Space

Airdrops have been in the crypto industry for quite a while. Almost right from the start. During the bull runs, not-so-good times, and hypes. In fact, many crypto enthusiasts joined the bandwagon by participating in an airdrop and tasting their first free coins.

So, let’s remind ourselves what airdrops actually are. In a nutshell, an airdrop is a giveaway of coins or tokens to wallet addresses with a goal to promote awareness of a cryptocurrency or blockchain project. In return, users need to perform a (usually) small action such as retweeting a post, writing or translating content, inviting friends to join the airdrop, etc. For users, it’s a great way to earn some additional coins. For companies, it’s an efficient marketing method that will spread awareness of its project.

With the meteoric rise of DeFi, airdrops have also switched to this booming space. In fact, the majority of DeFi projects are distributing their tokens. For instance, the 1INCH Foundation has announced its first airdrop on December 25th, 2020 (Merry Christmas!), while the second one was announced on February 12th, 2021, and has involved distributing 6 million 1INCH tokens. Both airdrops had the same goal—allowing the users to collect some free tokens.

And Uniswap, the leading decentralized exchange, decided to distribute UNI tokens to anyone who used the exchange before a certain date. Everyone who used Uniswap received 400 UNI tokens for free. At the time, these tokens were worth between $2 and $4. However, since the entire market exploded over the past 12 months, each UNI token is now worth around $30. Quite a reward, don’t you agree?

What exactly is DeFi, and why do we have airdrops there?

ethereum earn defi airdrops

DeFi is a hot new thing in the blockchain world. And trust us, it’s quite a big thing. In case you’re not familiar with it, DeFi stands for “decentralized finance,” and it refers to decentralized financial applications that aim to disrupt traditional financial intermediaries. One of the primary benefits of DeFi is that it cuts out intermediaries from transactions, and therefore, increases the efficiency and speed of complex systems. Most of the DeFi applications are built on Ethereum and are powered by smart contracts. The popular DeFi applications today include decentralized exchanges, stablecoins, lending and yield farming platforms, etc.

But why do projects distribute airdrops?

earn defi airdrops

For the same reason that other blockchain projects do that: to attract users and increase engagement. And there is one more important reason: community building. After all, airdrops have proven to be a powerful marketing and community-building tool. Let’s take a look at the two popular DeFi airdrops.

In 2020, Uniswap distributed nearly $1,400 in tokens in order to increase their involvement with the platform and encourage other DeFi enthusiasts to use the protocol. After the initial success, the exchange airdropped a new stash of 1INCH tokens. This new airdrop distributed about 4.8 million tokens to users who interacted with Mooniswap. Finally, Uniswap decided to distribute the whopping 6 million 1INCH tokens to the platform’s most active traders. To be eligible for the airdrop, the traders must have used Uniswap in at least 20 separate days and have made at least three trades in 2021.

According to the official statement by Uniswap, there are around 25,000 traders that are eligible to participate in this airdrop, and each will receive 240 tokens or $1,350 at current prices.

Another famous DeFi airdrop comes from Stake DAO. According to the official announcement of the project, Stake DAO will distribute 1.5% of tokens for “active members” of a long list of popular DeFi projects. Among these, the two largest allocations were reserved for addresses that donated to Gitcoin’s Round 8 and participants in DAO governance.

Ok, this all sounds great, but how do I actually find and collect DeFi airdrops?

So glad that you’ve asked.

How to find and collect DeFi airdrops?

earn defi airdrops

Some good news here: it’s relatively easy since we are doing the work for you. By work, we mean discovering new airdrops, researching the projects behind them, and finding out the requirements for participation. 

And, we dedicated an entire page to DeFi airdrops on our website. There you can see a list of popular and verified airdrops, with their worth, total giveaway amount, entries per referral, KYC requirements, and more. You will also find a description of projects conducting airdrops as well as potential referral options.

As you can see, it’s not so hard to find and collect airdrops. But wait, what if you have already received DeFi airdrop tokens? Wouldn’t it be great to be able to check it with a couple of clicks? Well, you actually can.

A place to find your airdrop tokens

Yes, my friend, we even came up with that. A page that allows you to quickly and easily check if any tokens have been airdropped to your wallet. In other words, a lost and found section of the airdrop world.

Start earning with DeFi airdrops

Participating in DeFi airdrops is a perfect way to enter this booming space. Let’s face it: DeFi is going big, and you should definitely be part of it. And airdrops can be your entry ticket. For starters, they are perfect for both beginners and experienced crypto enthusiasts. And they are less complicated and risky compared to yield farming, liquidity mining, or borrowing and lending. If you want to learn more about earning on DeFi, have a look at our previous blog.

Finally, with DeFi airdrops, you have nothing to lose. And with airdrops, DeFi isn’t so difficult. Now it’s your turn. Try collecting some free tokens and see how things will work for you. Good luck, and don’t forget to stay safe.

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The Rise of Dogecoin: Power to the People

In one of our previous blog posts, we described the origin of the famous Dogecoin cryptocurrency. The cryptocurrency that was supposed to be just a joke. A parody of numerous altcoins flooding the market at the time. Powered by a meme. However, things turned out differently.

Launched in 2013 as a fork of Bitcoin, Dogecoin is the 13th most valuable cryptocurrency in the world. Elon Musk, Ethereum co-founder Vitalik Buterin, Litecoin creator Charlie Lee, and Metal Payments CEO Marshall Hayner were competing for the CEO position at Dogecoin. Of course, Elon Musk won it. 

Speaking of Elon Musk and Dogecoin… 

Tweets, Dogue, and Shiba Inu

Elon Musk and Dogecoin cryptocurrency have a long love history. In fact, Musk is one of the key factors behind cryptocurrency’s popularity and incredible growth. He even recently stated that he would buy out major Dogecoin holders in order to help make the fringe cryptocurrency the “currency of the Internet”. Ambitious, without a doubt.

Let’s take a look back at some Musk-Dogecoin most precious moments. 

In July 2020, Musk’s Twitter account, along with a number of others, was hacked to promote a crypto scam—giving away around $120,000 worth of Bitcoin. In response to the attack, Musk soon tweeted, “Excuse me, I only sell Doge!” Of course.

dogecoin elon musk

Then, in January 2021, Musk tweeted a hilarious magazine cover showing a “Dogue”, and once again honouring his favorite cryptocurrency. 

dogue elon musk

A couple of weeks after that, Musk posted a series of tweets about Dogecoin, stating, “No highs, no lows, only Doge.”

The same month, Musk and fellow celebrities Snoop Dogg and Gene Simmons tweeted about the coin. Musk posted a YouTube video related to Dogecoin, while Snoop Dogg uploaded a picture of Shiba Inu that inspired Dogecoin with the caption “@elonmusk.”

snoop dogg elon musk dogecoin

And just a couple of hours after he announced that Tesla invested $1.5 billion in Bitcoin, Musk tweeted that he “bought some Dogecoin for Lil X, so he can be a toddler hodler.” It’s best if you keep it in the family, right?

What does Litecoin have to do with Doge?

Just like other cryptocurrencies, Dogecoin can also be mined. However, its mining differs in some areas. In 2014, Dogecoin switched to auxiliary proof-of-work, also known as merge mining. Now, Litecoin and Dogecoin can be mined in the same process, and Litecoin miners can process Doge-related transactions. Yet, mining Dogecoin is much faster compared to Litecoin, and the block reward is also higher. In addition, Dogecoin’s block time is one minute, contrary to Litecoin’s two and a half minutes. 

Wallstreetbets and Dogetoadollar

In January, Dogecoin surged over 600%. The price surge was driven by all the hype that is (still) surrounding the notorious subreddit called WallStreetBets. Apparently, Dogecoin became a popular meme among the r/WallStreetBets members and has been repeatedly spammed in the WallStreetBets Discord server over the past days. As a result, Robinhood has restricted trading in cryptocurrencies for an undetermined period of time. 

Great, but where to actually buy it?

Yes, my friend. What started as a meme-powered joke became one of the most popular cryptocurrencies whose market capitalization just breached a whopping $9 billion. 

What about you? Do you want to become a part of the community? Follow this link, and you can do that by buying your very first Doge. Also, don’t forget to check out some cool Dogecoin shirts in our brand new webshop. And welcome to the Doge club!

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Start Earning Crypto with Yield Farming

DeFi is a hot new topic in the crypto world. In fact, it’s so hot that in November 2020, the total value of locked in the DeFi sector had hit a whopping $13,6 billion.

Recently, AirdropAlert started a series of blog posts dedicated to earning crypto within this emerging industry. We listed some quite lucrative ways to help you out to find a way, and in this blog post, we’ll dive deep into earning crypto with yield farming. But first, let’s explain what it actually is. 

What is yield farming?

Yield farming is one of the most popular, however at the same time highly risky, application of decentralized finance. It is the process of lending cryptocurrencies and, in return, generating high profit or rewards from other cryptocurrencies. In the beginning, the most popular cryptocurrencies for yield farming were stable coins such as USDT and DAI. Over time, DeFi protocols expanded to the Ethereum network and started to reward users with governance tokens for liquidity mining. These tokens can then be traded on crypto exchanges, both centralized and decentralized.

Does this description sound familiar? Maybe something like staking? Yes, the difference between the two can be a bit unclear. Let me explain.

Contrary to staking, yield farming is a more complex process. Staking usually works on the PoS consensus mechanism with a random selection process and staking rewards paid by the investors on the platform. On the other side, yield farming keeps investors’ funds in so-called lending pools, with borrowers lending funds in return for interests.

Now that we know what it is and how it differs from staking let’s take a look at the five most popular platforms where you can start earning crypto. Ready?

5 most popular platforms for yield farming

There are a variety of DeFi platforms where you can start with yield farming. Each has its own rules for incentivized lending and borrowing from liquidity pools. Each also has its own advantages and drawbacks. So, without further ado, here are the five most popular yield farming platforms:

  1. Compound. A popular platform for lending and borrowing assets with its own governance token called COMP. Compound is an algorithmic, autonomous interest rate protocol aimed at both yield farming beginners and advanced users.
  2. MakerDAO is one of the most and popular and oldest DeFi projects in the crypto industry. It’s a USD-pegged stablecoin run on Ethereum blockchain, allowing users to lock crypto as collateral assets. Interest is paid in the form of a so-called stability fee.
  3. Aave. Formerly known as ETHLend, Aave is one of the first lending and borrowing protocols in the world of DeFi. The platform allows users to obtain loans without collateral, and, at the moment, it has a locked value of more than $1,5 billion.
  4. Uniswap, a popular decentralized exchange, allowing users to swap a wide range of ERC20 tokens without any middlemen. With Uniswap, users can earn a percentage of transaction fees and the UNI governance token.
  5. Balancer. A yield farming platform that allows providers to create customized pools with token ratios that may differ. Balancer differentiates itself from other similar platforms by charging fees to traders, who rebalance their portfolio and follow arbitrage opportunities.

Other popular yield farming platforms worth exploring are Synthetix, Yearn.finance, Curve, Harvest, Ren, and SushiSwap.

Don’t forget to stay safe

yield farming stay safe

If you decide to dive deep into this lucrative sector, bear in mind that although highly lucrative, it also carries a significant risk for both borrowers and lenders. It can even lead to impermanent financial loss, especially during the periods when markets are volatile.

Besides, yield farming is susceptible to various hack attacks and frauds. This often happens due to potential vulnerabilities and bugs in smart contracts. For instance, in October 2020, Harvest.Finance lost over $20 million in a liquidity hack.

Be sure to take care of your funds and stay safe during yield farming.

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Airdrops

How to spot a DeFi scam?

Crypto scams have always been there. From the very early beginnings. And they come in different shapes and sizes, from Ponzi schemes to bogus investments, which makes them pretty hard to spot. In most cases, scammers request you to send money to a certain address or make a payment. The problem is that due to blockchain’s irreversible nature, once you click Send, your money is gone. Most likely forever. 

The year 2020 hasn’t been only a year of the COVID-19 storm. It has also been a year when crypto-related businesses, usually crypto exchanges, have felt the impact of many scams. Vulnerability exploit, social engineering scams, data breaches, and investor losses were all over the crypto industry.

Scammers love industries where it’s easy to confuse people. With DeFi on the rise, the new terms like yield farming, liquidity pools, and all the new swap platforms, create easy playing fields for these crooks. So wheater you’re earning crypto, investing or simply curious about DeFi. It’s important to be aware of the new scams that are coming this year.

So, without further ado, let’s take a look at the most notable incidents throughout 2020. 

Winklevoss twins, CryptoCore hacking group, and Ponzi schemes

crypto scam
Source: Wikipedia

Hacking attacks were quite creative in 2020. Poloniex has revealed a data breach, telling its users to reset their passwords. IOTA Foundation shut down its entire network after a hacker exploited a vulnerability in the wallet app. CryptoCore hacking group apparently stole more than $200 million in crypto from various exchanges. Several hacked YouTube accounts promoted a crypto scam related to Bill Gates. 

And speaking of YouTube scams… 

Winklevoss twins, the founders of the crypto exchange Gemini, were also affected. A hacker took over the exchange’s two YouTube accounts and used them to lure people into sending Bitcoin and Ether. Supposedly, the exchanges organized a giveaway promising to double one’s funds after sending an initial amount to a wallet address via QR code.

But 2020 isn’t the only year when we had some unbelievable crypto scams. In 2018, Bitconnect, an open-source cryptocurrency related to a high-yield investment program, closed down its operations, losing the confidence of users. As a result, regulators from Texas and North Carolina issued a cease and desist order against the cryptocurrency.

Another crypto Ponzi scheme, this time coming from Bulgaria, is OneCoin. The scheme was organized by Ruja Ignatova and Sebastian Greenwood and is described as one of the biggest crypto scams in history. Some regulatory authorities pointed out that the scheme brought in almost $4 billion from people worldwide. Most founders and high-ranking managers, including the infamous Ruja Ignatova, have disappeared or been arrested. 

Yes, unfortunately, crypto scams are all over the industry. And guess what? DeFi is no exception.

How to spot a DeFi scam?

defi scam

Since DeFi is still in quite a development, spotting a scam isn’t that easy. However, there are some red flags you should be aware of. First, there is this hot new trend called yield farming. This means giving away a bunch of tokens to anyone who contributed to the protocol, which can result in price collapse due to hyperinflation. So, don’t forget to do proper research when dealing with stuff like yield farming. The higher the yield, the more research you should do before you get in.

Second, ask yourself whether the code has been audited? Unfortunately, most of the projects are deployed without any proper code audit, which often results in all kinds of bugs. Just take a look at what happened with Yam Finance, a project that gained $500 million in locked value within 24 hours after launching. However, a fatal error in one line of code led to hyperinflation resulting in $750,000 being lost and the price of YAM falling by 90%.  No audit means high risk.

Third, check for buzzwords. Is their website truly explaining the purpose of the projects or is it just stating one buzzword after another? If i read “We built a disruptive, scalable, autonomous, crosschain technology with insanely high returns when yield farming” , I would tread lightly.

Finally, take a look at the team behind a DeFi project. In most cases, at least founders are public, and you can check their profiles on LinkedIn or Twitter. As we have seen over the years, an anonymous team represents a risk of the so-called exit scam.

Do the research to spot a DeFi scam

DeFi had a shining beginning, and many predict that there is a bright future ahead of it. Some promising projects are being developed, but still, scams proliferate. That’s why it’s utterly important for you to conduct careful research before participating in a DeFi project. Check if the founder is well-known in the space. Explore the project’s roadmap and future plans. Read its copy to see if it uses a vague talk such as “revolutionize” or “maximize.” Once again, do your research!

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Earn Crypto While Playing Games on DeFi—A Match Made in Heaven

In our previous blog post, we tackled different ways to earn with DeFi. Just to remind you, DeFi, which is short for “decentralized finance”, is a term that recently gained a lot of attention. So, in our previous blog post, we showed you different ways to earn with DeFi, including airdrops, yield farming, and video games. 

Oh yes, video games. In this blog post, we’re diving deep into a dream come true—how to earn while playing games on DeFI. Let’s take a look at games you can play. Ready?

Axie Infinity – a digital pet universe on the blockchain

earn games defi

Axie Infinity is a Pokémon-inspired universe where anyone can earn tokens by playing games. The game allows players to battle, collect, raise, and even build a kingdom for their pets. Although still in the early development, Axie Infinity is ranked as the #1 Ethereum game by daily, weekly, and monthly active users. And from recently, the platform presented its play to earn development, backed by DeFi. Last year, the platform even organized competitive tournaments with token rewards for skilled gameplay. If you’re interested in the latest developments around Axie Infinity and how to earn while playing it, make sure to join their Discord.

Cometh game – earn with gamified DeFi platform

earn games defi

Besides being a space game, Cometh is also a gamified DeFi platform. How does it work? In a nutshell, players mine MUST tokens using their spaceships. A share of all NFT sales gets distributed as asteroids back into the game. When other players use your spaceship, you earn the tokens. Moreover, the platform recently announced the launch of its decentralized exchange, ComethSwap, which will serve as a middleman between MUST tokens and the NFTs between Ethereum and the layer2.

Seascape Network

earn games defi

Seascape Platform, powered by Seascape Network, announced the launch of an innovative game ecosystem centered around DeFi and the NTF economy. During the first quarter of 2021, the first of three minigames, titled Profit Circus, will debut. The games’ initial liquidity mining event will provide nearly 50,000 $CWS to the early players. The potential of this innovative project was confirmed when Binance, the world’s largest cryptocurrency exchange, has recently invested in the network.

KingSwap – raffle games

earn games defi

KingSwap, a popular DeFi project, has also joined the bandwagon. At the end of 2020, the platform announced the launch of its NFT staking program and raffle games, with a mission to accelerate the adoption of DeFI through gamification. Founded by a team of experienced professionals in the finance and crypto industry, KingSwap raised more than $20 million in funding and liquidity support in a private fundraising round. 

With the staking program, the players can stake their King, Queen, or Knight NFTs for a certain set period of 3, 6, 12, 24, or 48 months. In addition, KingSwap has also rolled out NFT games inspired by poker and slot machines. 

This game also has an airdrop you can still collect.

Aavegotchi game – collect ghosts and earn with DeFi

The Tamagotchi-inspired decentralized finance game Aavegotchi has a mission to make DeFi more fun. Players can acquire little ghosts, use them to battle other critters, and even dress them up with wearables (NFTs). The ghosts are acquired by staking aTokens, which is a token of the Aave platform. These tokens, underpinned by the deposited crypto assets, can earn interest for the players. Pixelcraft Studios, the Singapore-based company, is the brain behind this cute idea.

Earn crypto with Counter-Strike – Not DeFi, but it still allows you to ‘Play and earn’

Did you know that you can earn Bitcoin by playing Counter-Strike? Yes, my friend, you’ve read it well. Thanks to a new development that rewards players via Lightning Network, the application called Infuse allows players to earn satoshis for each enemy killed. A gaming developer called ZEBEDEE is responsible for this amazing design. So, how does it work? Players can install Infuse on their servers and even organize custom games, tournaments, and competitions while being rewarded with Bitcoin. At the moment, the application is still in the test phase and runs on private servers. However, according to the company, the plan is to launch public servers in the first quarter of 2021. 

Conclusion

So, we made it. We covered four DeFi-powered games that you can play and earn. Plus, a famous Counter Strike that will soon allow you to earn Bitcoin. Now it’s your turn. Tell us in the comments if you’ve already tried out some of these games? What were your impressions?

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Best Football Fan Tokens Powered by Blockchain

Covid-19, along with its worldwide lockdowns, changed the way we interact and live. It also forced many industries to adapt to completely unexpected circumstances. Communication-based on digital solutions has become a new reality for many companies and institutions. The football industry is no exception. With football matches being canceled, the clubs are lacking activity and communication with their loyal fans. And that’s just one reason why many of them are issuing so-called fan tokens.

And this leads us to the topic of our today’s blog post, where we’ll cover the best football fan tokens. But first things first: let’s explain what exactly is a fan token.

What is a fan-token, and how does it work?

Tokenization enables us to transfer the ownership over an asset to a digital token and provide access to certain services or networks. The token represents a stake in any physical or virtual asset and comes with numerous benefits, including lower transaction costs, higher liquidity, and less administrative burden. So, in a nutshell, fan tokens are the result of tokenization applied to the football industry.

Through tokenization, clubs can monetize their existing fan bases and develop new communication and engagement strategies. Fans can purchase or trade club-branded tokens through the appropriate platforms. One of such platforms is Socios.com.

Socios.com is a mobile-first, globally accessible platform which football clubs can use to access and engage their fan bases and where fans can interact closely with their favorite clubs. More precisely, the platform enables fans “to participate in fan-led decisions through a mobile voting platform, as well as to serve as a ticket into a secure, exclusive inner circle of fans, with shared passions and beliefs.”

The platform is built on the Ethereum blockchain and uses chiliZ ($CHZ) ERC20 utility token as its digital currency.

So, let’s take a look at the four famous football clubs that have already (or plan) to launch their fan-tokens.

Juventus Official Fan Token

football fan tokens juventus

In 2019, Juventus recently announced its partnership with Socios.com to launch the “Juventus Official Fan Token” (JUV) to its global fan base. According to the official announcement, the token will “evolve the club’s global fan engagement strategy and help to expand our global audience by bringing our fans closer together.”

On the other side, the token will allow fans to interact with the club through a mobile voting and polling platform. JUV is a utility token, with a total token supply of 20,000,000.

Paris Saint-Germain Fan Token (PSG)

football fan tokens psg

Another fan-token, this time from, is Paris Saint-Germain Fan Token. This utility token gives fans a tokenized share of the club, and therefore, influence club decisions. PSG uses a Proof-of-Authority sidechain built on Ethereum and has a total token supply of 20,000,000. The tokens provide access to users to compete for various rewards, the power to influence decisions through voting and earn club-specific NFTs. For instance, one of the polls allowed fans to choose an inspirational captain’s armband message that will motivate players during the matches. The club created a shortlist of 3 inspirational messages and invited fans to vote. Cool, right?

Barcelona Fan Tokens (BAR)

football fan tokens barcelona

FC Barcelona has also joined the bandwagon. The club’s supporters can acquire ‘Barça Fan Tokens’ (BAR) and participate in activities such as choosing a new design for a mural that will decorate the team’s locker room. In return, fans can have a chance to meet players before a game or even to attend a match as a VIP guest at the Camp Nou.

These digital tokens are issued by blockchain-powered Chiliz and can be purchased via the platform or its voting site Socios.com. How cool is that?

AS Roma Fan Token (ASR)

francesco totti

AS Roma also launched its blockchain-based fan token that allows fans to vote on the club’s decisions and access exclusive merchandise. In fact, fans can use the utility token to vote on the name of a club facility or even which player will hold a live Q&A. In return for their engagement, the ASR holders can earn various rewards. ASR has a total token supply of 10,000,000, of which 1,666,666 ASR tokens are released per year, starting from June 2020.

Which fan tokens are coming soon?

Actually, some pretty cool fan tokens are already on their way. And the new ones keep coming. For example, AC Milan has announced plans to launch an ACM Fan Token, allowing the club’s supporters to vote on important decisions. İstanbul Başakşehir, a leading Turkish professional football club, has also announced the launch of its fan token, named $IBFK, before the end of 2020.

And these are just some of the popular football clubs that leverage blockchain to communicate, stay connected, and reach their global fan base, especially during these challenging times.

You can find the JUV and PSG token on Binance.

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Dogecoin’s Price Goes to the Moon with WallStreetBets

WallStreetBets is, without doubt, one of a kind subreddit. Why? For starters, it’s one of the rare (if not only) subreddits that managed to move from the front page of Reddit to the front page of the New York Times. Secondly, it’s a subreddit that, at the same time, has attracted the attention of casual investors such as college students trying to improve their financial situation, institutional-level players, and financial regulators. Finally, WallStreetBets is the only subreddit whose members refer to themselves as “autists” and “degenerates.”

Describing itself through the tagline “Like 4chan found a Bloomberg terminal”, the subreddit is also notorious for its aggressive trading strategies, highly speculative leveraged options trading, and, of course, for its role in the 2021 Game short squeeze.

Speaking of that…

GameStop short-squeeze

gamestop wallstreetbets

In January 2021, the subreddit’s short-squeeze of GameStop helped shoot up the video game retailer’s stock price through commission-free trading apps such as Robinhood to a whopping 1,700%. This caused significant financial consequences for certain hedge funds. However, by the end of January, the price had fallen record low, hitting a high of nearly $500 per share and causing large losses for short-sellers.

As a result, renowned politicians, celebrities, and business people, including Tesla CEO Elon Musk, U.S. Senator Ted Cruz as well as rapper Ja Rule accused WallStreetBets and Robinhood of market manipulation. Several official lawsuits were also filed in the United States.

However, these lawsuits aren’t the only consequence of WallStreetBets spree. The other stocks suffered as well. In response to GameStop, short-squeeze platforms such as Robinhood, TD Ameritrade, E-Trade and Webull restricted the trading of heavily shorted stocks of, among others, AMC, BlackBerry Limited, Nokia, and Koss Corporation.

Soon, the WallStreetBets fewer spread to the crypto world as well.

Dogecoin and WallStreetBets

On Thursday, the “WSB Chairman” Twitter account, which is reportedly associated with the WallStreetBets subreddit, tweeted: “A lot of you are talking about Dogecoin. What’s that? A meme crypto?”

Consequently, the price of the beloved meme-based cryptocurrency shot up as much as 142%, from $0.007 to $0.017 in under two hours. Dogecoin reached an all-time record price of 8 cents, compared to Wednesday evening when the cryptocurrency was trading for less than a penny. That’s quite a jump. The crypto community is now left to wonder if this inspired the WallStreetBets community to jump into the cryptocurrency world.

Dogecoin’s price over the last 24 hours.
Source: CoinDesk 20

Quick tip – If you want to buy Dogecoin, you can do that in three easy steps:

  1. Create an account on a crypto exchange. For example, that can be Binance.
  2. Next, decide whether you want to buy Doge with fiat, Bitcoin, or Ethereum.
  3. Buy Doge. And that’s it. You’re set to go.

WallStreetBets faces with bans

Discord, an American VoIP, instant messaging, and digital distribution platform designed for creating communities, banned the r/WallStreetBets server due to the hate speech. However, although the server was banned, hundreds of thousands of its members formed at least two new servers where they’ve continued to pump stocks. In the meantime, the truce was reached, and the information that Discord is no longer banning WallStreetBets spread quickly. In a statement to The Verge, a Discord spokesperson stated that:

“WallStreetBets members have set up a new server, and we are working with them. We will welcome the group back so long as they improve their moderation practices and follow our Community Guidelines. We have reached out to the moderators to provide them with support and advice like we do for many of our large communities.”

On January 28th, the trading app Robinhood removed stocks promoted by WSB’s reddit. This was worldwide news, and many big influencers, including Mark Cuban, were outraged. This shows how centralized platforms have too much power and can control peoples finances and markets. This problem already has a solution, which is DeFi. Hopefully in time, people will start to investigate how they can earn on the DeFi market.

Share & Win

As you can see, it’s never boring in the crypto world. Especially now with all the havoc around Dogecoin and WallStreetBets. And to spice things up, the AirdropAlert team invites you to participate in our “Share and Win” contest. 

Before you go, I’d like to let you know we’re launching a new webshop. And one of the hottest things out there are super cool WallStreetBets facemasks.

To win one of them, you need to share this blog post on Twitter and tag @airdropalertcom. We’re giving away five of these in the upcoming week. Good luck!

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6 Easy Ways to Earn with DeFi in 2021

Nearly 200,000 readers learned how to earn cryptocurrencies through our popular blog, since 2017. Now that DeFi is poppin’, it’s time to help you earn crypto on DeFi.

If you have been with us throughout the years, you may have noticed that the industry is changing rapidly. New technologies and tokens are being introduced daily, and regulators are trying to keep pace with the growth of the industry. 

DeFi, short for “decentralized finance, is a term that recently gained a lot of attention. Naturally, our readers are interested in making a few bucks from home. So from now on we’ll be focusing on how and where you can earn with DeFi. We’ll show you the best ways to earn with DeFi, how to avoid potential traps along the way.

But first things first: let’s explain what DeFi is and why it’s such a big deal.

What is DeFi?

DeFi stands for decentralized finance and represents a shift from traditional, centralized financial systems to an ecosystem without intermediaries such as banks, brokerages, or exchanges. This ecosystem relies on smart contracts, which are built on blockchain, with Ethereum being the most common. DeFi has increased in recent years. According to Forbes, as of January 2021, approximately $20.5 billion was invested in DeFi. 

But how does DeFi actually work? With the help of so-called DApps (decentralized applications), which perform financial operations on blockchains and through smart contracts. These smart contracts are run by a community of developers and programmers using open-source software.

So, the philosophy behind DeFi sounds excellent. But how can you actually earn with it? In this blog post, we’ll answer that question and show you six ways to earn with DeFi in 2021 safely. Let’s dive in.

1] Earn With DeFi Airdrops

Airdrops have always been popular within the crypto community. Who doesn’t like free tokens rolling into their wallets? The good news for all fans is that DeFi space is rich with airdrops you can start collecting with minimum effort. For instance, a decentralized exchange Uniswap distributed 400 of its newly minted tokens to each address that had used its protocol and announced it would ultimately issue and distribute 4 billion UNI tokens to the community over the next four years.

So, how to find and collect DeFi airdrops? All you need is a wallet, enthusiasm, and a bit of research skills. Or simply keep an eye on the Airdrop Alert website, where you can find the list of current and upcoming airdrops, including the DeFi tokens.

One lucky airdrop hunter earned over $1,500,000 with the 1INCH airdrop. Maybe you missed this one, but the exchange still has an active referral program in which you can participate.

Will you be the next airdrop millionaire?

2] Yield Farming

earn defi yield farming

Do you remember the above-mentioned smart contracts? Well, besides running DApps, these magical computer programs have other functions as well. One of them is yield farming that allows you to lend your funds to others and, in return, earn fees in the form of crypto. Yield farming is typically done using ERC-20 tokens on Ethereum. 

So, how can you earn with yield farming? There are various platforms and protocols that you can explore. One of the most popular is Compound, where anyone with an Ethereum wallet can lend and borrow assets. Maker DAO is another one. You can simply open a Maker Vault and lock collateral assets. And we have to mention Uniswap once again. This decentralized exchange protocol allows trustless token swaps.

3] Liquidity Mining

liquidity mining

Liquidity mining represents a direct result of yield farming. The difference is that with liquidity mining, you get tokens as a bonus besides the usual returns. Let’s explain in more detail. Here is a great example provided by Hackernoon

“Imagine that yield farming is the reward you are getting from providing your service (lending your tokens for a period of time), and the newly generated tokens are the result of your mining (participation on the platform). These newly generated tokens are usually native tokens of the DeFi platform you are using, and it can be the governance token of that platform. Platforms are trying to stimulate users to use their services and, as a token of appreciation, they are giving you a seat at the table. Each governance token counts up as a vote for deciding the future of the platform. Of course, most tokens hold value in themselves, and they can be sold on the open market at any given time. Your decision is always yours.”

4] Earn With DeFi Loans

earn defi loan

DeFi loans are one of the most popular sectors of the crypto ecosystem. They allow users to lend their assets to others and, in return, earn interest on these assets. A user can quickly take a loan without disclosing its identity to a third party, thus skipping all complicated procedures and checks. 

So, what are some of the platforms where you can lend your assets? There are a couple of them. If you’re interested, check out Aave, Cream Finance, and Notional. 

5] DeFi Trading

earn defi trading

Calling all avid traders of the crypto ecosystem. Trading on decentralized exchanges (DEX) has a range of benefits, and it’s worth checking out. For instance, did you know that when trading on a decentralized exchange, the entire control of the wallet remains in your hands? That’s why DEX is far more secure than centralized ones. Another advantage is that you don’t have to provide confidential information such as passport, ID, or driving license. This will save you the headache of losing confidential data. Lastly, a decentralized exchange carries no infrastructure risk when executing trade orders.

6] Play Games & Earn

earn defi game

Have you heard about CryptoKitties? Unless you’ve been hiding under a rock somewhere, you should know about it. To remind you, it’s a mega-popular game on Ethereum that allows players to purchase, collect, breed, and sell virtual cats. The main purpose of the game is recreation and leisure. But with DeFi, such games can become more than that. They can become a way to earn as well. For example, DeFi Social is an art gaming platform backed by the first gaming token called DFSocial. The platform merges the services of DeFi protocols such as staking and farming with gaming. Cool, don’t you agree?

We did some research and found atleast 5 games you can play & earn with on DeFi.

Curious which ones? Just click here.

Let’s stay in touch

There you go, six easy ways to start earning with DeFi in 2021. Interested in finding out more about these topics? We have good news. In the upcoming weeks, we’ll cover each topic individually and more comprehensive. We’ll show you the platforms, best practices, and traps to avoid

Just don’t forget to subscribe to our newsletter to stay up-to-date.

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Airdrops

Best Crypto Traders to Follow (+ some additional tips)

In December 2020, Bitcoin price hit a new all-time high above the $23,000 level, building on a massive and wild 2020 rally. Was this a surprise? Not really. Bitcoin price is known for its highly volatile patterns. It seems that the beginning of 2021 is profitable for traders who, of course, are taking their chances. 

Speaking of the crypto traders…

If you’re willing to learn more about trading with cryptocurrencies, following some of the industry’s best traders is a great way to start. There are a plethora of resources throughout the online world: YouTube videos, Q&A sessions, how-to guides, etc. And in this blog post, we did the research for you and picked the best crypto traders, blogs, and relevant Telegram groups for you to follow.

So, without further ado, let’s get started. 

Best crypto traders to follow on YouTube

Ivan on Tech

ivan on tech crypto trader

Ivan Lijeqvist runs one of the most popular crypto-related YouTube channels called Ivan on Tech. He is an international speaker, educator, developer, and data scientist based in Sweden. In his videos, Ivan covers crypto market changes, conducts thought-provoking interviews with industry leaders such as Roger Ver and Richard Heart, and educates his subscribers about various blockchain topics. Over the years, the channel, with more than 250,000 subscribers, has become an international phenomenon.

Boxmining

crypto trader boxmining

Micheal Gu has turned its passion for cryptocurrencies into a popular YouTube channel that has over 215,000 subscribers. Michael has been involved in the crypto world since 2012, and one of the first things he noticed is that accurate factual information is difficult to find in this space. As a result, he created a YouTube channel covering all the latest news and trends in the crypto industry and simplifying, often complicated, crypto jargon. Thanks, Micheal.

The Modern Investor

The Modern Investor YouTube channel managed to gain popularity and amass over 160,000 subscribers in a very short time. The channel provides diverse resources to help traders learn trading methods and make more profit. The videos are very much like tutorials with screen sharing that guides traders through actual steps. Also, the channel offers fresh daily info on the latest news in the crypto space.

Crypto Lark

crypto trader lark davis

Crypto Lark is a well-known YouTube channel dedicated to tech disruption and various blockchain use cases. The channel, which has nearly 150K subscribers, is run by New Zealand-based Lark Davis. The channel helps traders to increase their skills, make passive income, and get paid in crypto. Lark also organizes in-depth Q&A sessions with famous crypto personalities and shares relevant market news.

Signal groups in Telegram to help you with trading

Signal groups in Telegram are groups with (usually) thousands of members dedicated to alarming traders about which cryptocurrency to buy, profit targets, should you go short or long, and how to prevent potential loss. In short, signal groups can help you to make a profitable return on your investment. The two groups worth checking out are MYC Signals and Klondike (Crypto Rush).

Popular blogs on crypto trading

Blogs can also be a valuable resource if you decide to try our crypto trading or just up your game. Here are the two that we at Airdrop Alert recommend:

  1. Crypto Income, which offers tips on various categories of crypto trade and investing, guides regarding wallet and investment handling, as well as risk management.
  2. The Cryptocurrency Investor, where Ari Paul, who is, by the way, a crypto investor himself, shares his daily trading and investment tips. This blog is perfectly suitable for all crypto trading enthusiasts who prefer insights into the market from a personal perspective. 

Quick reminder: What is actually margin trading?

Margin trading allows traders to trade assets using funds provided by a third party. Compared with regular crypto trading, margin trading enables traders to access higher amounts of capital, and therefore, leverage their positions. So, it’s not surprising that margin trading is quite popular in low-volatility markets. In the crypto world, margin trading is not that common, although some exchanges also provide this type of service to their users.

Margin trading is closely related to so-called leverage. Leverage represents the increased trading power available during the margin trading. With leverage, a trader can trade positions that are larger than the amount he/she has in a trading account. In other words, leverage is the ratio between the amount of money you actually have and the amount of money you can invest.

Final words

There you go. The list of best crypto traders you can start following on YouTube (already today), plus some good old advice on crypto trading and investing. Now, it’s your turn; tell us in the comments about your favorite crypto trader and trading tips.

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Airdrops Blockchain

What is happening with XRP and Spark?

Since December 22nd, when the Securities and Exchange Commission (SEC) announced that it was filing an action against Ripple Labs and its founders, many have been closely following the newest developments around the popular cryptocurrency. The questions started to raise: How will this event impact the XRP price? Why are the prominent exchanges delisting the Spark airdrop, which was one of the most popular airdrops of 2020? Has this event shown us a regulatory risk of centralized cryptocurrencies?

In this blog post, we’ll answer some of the most burning questions. Let’s dive in.

What does Spark airdrop have to do with XRP?

Spark is the native token of the Flare Network. The network is designed to offer smart contract functionality to XRP but on a separate blockchain. Spark tokens were set to be distributed by airdrop on December 12th, 2020. Who was eligible for the airdrop? In short, anyone holding XRP in their accounts was automatically qualified to participate. The amount of received tokens depended on the amount of XRP in wallets.

Many prominent exchanges, including names such as Coinbase, Binance, Huobi, and Kraken, announced that they would support the airdrop. The initial plan was to distribute Spark tokens over a minimum of 25 and a maximum of 34 months. However, things got complicated.

Ripple Labs and its founders face charges from the SEC

Ripple XRP

On December 22nd of 2020, SEC, the primary federal regulator responsible for enforcing federal securities laws in the United States, announced that it had filed an action against Ripple Labs and its two founders. According to the announcement, the company has raised over $1.3 billion through an unregistered, ongoing digital asset securities offering. In addition, the complaint states that two executives, Bradley Garlinghouse and Chris Larsen, also affected unregistered personal sales of XRP, totaling approximately $600 million. Several notable companies, including major crypto exchanges, asset managers, and market makers, stopped their XRP-related operation after the complaint.

Does this affect XRP and Spark price?

Actually, it has already started to affect. When the Spark airdrop was announced, we witnessed a surge in XRP’s price, which rose from $0.30 to $0.73 within a couple of days. Besides, XRP saw an increase of 1,000% in its trading volume on eToro just before the airdrop.

However, after the SEC filed a complaint, XRP’s started to decline. After the news broke, the price of XRP dipped 2.1% to a 24-hour low of $0.199910. According to CoinMarketCap, XRP has stabilized at about $0.50, down 27.5% from its November (before the airdrop) high and more than 16% over the past days. And that wasn’t the only consequence that Ripple and XRP need to face.

Delisting on exchanges 

XRP Coinbase

In the wake of the SEC lawsuit, crypto exchanges suspended the use of XRP. For instance, Coinbase announced on January 19th that it would fully suspend XRP trading but will continue to provide custodial services for customers. Binance US also announced suspending XRP trading for its customers, while Bitstamp already delisted the token. Other exchanges to delist or suspend XRP trading include names such as OKCoin, Bittrex, and Bitwise.

Final words

After the news about the SEC lawsuit, Ripple has lost about $2bn worth of value. However, another long-term effect has surfaced: the regulatory control of decentralized and centralized cryptocurrencies. You see, contrary to Bitcoin, XRP is a centralized cryptocurrency with a CEO and an executive body. This gives regulators the power to pursue civil charges, which is something that is not possible with a decentralized cryptocurrency like Bitcoin. And now pops up the question: does this represent a competitive advantage of decentralized cryptocurrencies? As usual, there is no yes or no answer.

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