Terra Luna NFT

Terra Luna NFT is an informative and factual blog post about a new hydroponic system for crops called Terra Luna NFT. The system’s goal is to provide water and nutrients precisely that mimic natural conditions without any environmental footprint while also providing machines that can be completely controlled with software. This post will include what Terra Luna is, why it was discontinued and how it works.

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What is Terra Luna?

First of all, Terra Luna is a new hydroponic system for crops. System which includes machines used to grow plants by automatically delivering water and nutrients in precise amounts. Daniel Broda created it, and it was first released in 2014. Over the years, it refined, continuously updated, and expanded. The goal – to provide a system which will use materials from recycled and low-impact components. Unfortunately, it designed for commercial use at a reasonable cost. Which means that hobbyists, non-profits, and educational institutions not encouraged or endorsed.

Today, Terra Luna NFT was discontinued because much of the hardware became obsolete (replaced with newer models) and because it is hard to keep up with the increasing demand for new features. Additionally, Terra Luna has been discontinued because it could not meet the demand of a host of new crop models. Models which created a time crunch to deliver new features and keep up with the rapidly changing market.

A group of scientists at NASA Ames Research Center in Silicon Valley conceived Terra Luna in the early years of this century. These scientists have seen tremendous developments in space exploration and discoveries about Mars from orbiters and rovers on the surface. They thought that we could use Terra Luna as a destination for tourists and as a sustainable surface for humans to live and work on the surface of Mars.

Why was Terra Luna Dropped?

The major contributing factor to why Terra Luna discontinued is that the demand for new crop models outpaced the ability to develop new features. This is due to how quickly the market has changed, so new crop models have become more sophisticated and require more manual effort to develop. For example, carrots comprise many different parts that are all individually detailed; if you wanted them to be listed as separate items in a catalog, it would be difficult and time-consuming.

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Its developer seemingly abandoned terra Luna NFT. The mod did not have enough content; it became obsolete. In addition, terra-Luna had too many elements from ALIEN and PREDATOR that were not original concepts of Terra Luna-NFT, nor were they relevant to either of those franchises.

Communication between Broda and the Terra Luna

Another issue is a lack of communication between Broda and the Terra Luna community. Many members have questions that they or the company did not respond to. Many members began to ask if Terra Luna would come back after such a long time in development. So much so that they created many support nodes as a new subreddit called terra luna. From what I understand, Broda thought development was complete, and it only came back because of the pressure from the community.

However, Terra Luna developed for over two years, with features delayed for up to months at a time. For example, Broda originally planned to release the new batch of Terra Luna machines using spare parts from the original Terra Luna machines. Still, he eventually decided to wait another year because it would take that long to develop new parts. Due to this, many people frustrated with the lack of progress and wanted a more concrete answer as to when they would be getting new models.

NFT Terra Luna – more facts

The NFT Terra Luna blockchain version isn’t the same as the original version. With the new blockchain version, players collect and store their items on the moon instead of in a safe in their colony. Items sent to the blockchain network, where they exist as an ERC 721 token. When players purchase or find an item, they will add it to their collection. Also have full ownership of that item. In addition, if another player finds an item in the game, they will add that item to a shared database of tokens held by other players around the world.

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Terra Luna’s fund

If a player finds an item that isn’t in their collection, they will be given an option to purchase the item. They can choose to purchase the item from the player who owns it or from the public pool of items. If a player chooses to purchase an item from someone else, that person will receive a small percentage of the transaction. And the rest will go into Terra Luna’s fund, which can be withdrawn at any time by players. The game also has a marketplace where players can sell their items and receive cryptocurrency as payment. Currently, only one currency accepted on this marketplace, which is Bitcoin (BTC).

Players should note that they still have their “colony” built out of other NFTs. This is essentially a storefront where they can showcase their assets. You can also set these assets as “Legendary” items if you don’t want them bought or sold. The colony is an aesthetic value and a way to show off your collection and how impressive it is. The Terra Luna NFT is a cool way for players to prove ownership over their items. Also enjoy the game without spending real money. Because all of the items stored on the blockchain, there’s no need for game developers to host the items themselves. And there no fees associated with using the platform.

Conclusions

The game is only available on computers right now, and the version for mobile devices will released later. Terra Luna is no longer being developed, so it will never be updated or improved. I am currently working on Terra Luna NFT, which will be an updated and improved model of Terra Luna. This project aims to provide multiple machines. Machines that are all controlled by software and have documentation that is easy to read. This means that it is more practical for hobbyists and home use. It will also include instructions for people who want to build their machines from recycled parts. Parts which will make it much cheaper than buying everything new.

Crypto Mistakes to Avoid + Tips and Tricks

Cryptocurrency has grown in popularity over the last few years, and it’s becoming more and more accessible to the average person. However, cryptocurrency is still a very new phenomenon that some people are having trouble fully understanding, making mistakes that might make the learning process tricky or confusing for them. You can make plenty of mistakes with cryptocurrency, but luckily, there are also plenty of ways to avoid them and learn from other people’s mistakes, so you don’t repeat them yourself. Let’s talk about crypto mistakes to avoid.

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Investing in Crypto Pros and Cons

As any crypto investor will tell you, this type of investment comes with both pros and cons. Crypto is an exciting new asset class that can generate high returns, but it’s also highly volatile. Investing in Crypto can be a great way to diversify your portfolio and potentially earn a healthy return on your investment. However, it’s essential to understand all the risks involved before diving in headfirst. Here are some pros and cons for investing in crypto assets:

Advantages of investing in crypto

So the main cryptocurrency advantages below:

Personal information privacy

The good thing about Crypto is that you don’t have to disclose your identity. Companies that accept cryptocurrencies for transactions, such as KYC (Know Your Customer), have specific requirements. Still, it’s possible to set up a virtual wallet without disclosing any personal information. If you prefer not to share your contact details with businesses or seek privacy from government agencies to avoid being targeted by hackers or spies, investing in Crypto can be significant.

Instant and Secure Transfer

Cryptocurrencies are transferred through digital wallets, so there is no need for a third party to verify or approve transactions. As soon as funds are sent and received, they appear in your crypto wallet. This transfer method is much quicker than conventional payment methods such as ACH or checks. In addition, crypto transfers have no middlemen who can reverse a transaction or block access. Your money goes directly from you to its intended recipient.

pros-and-cons-of-crypto

Anti-Inflation characteristics

Crypto is a good option for investors who want to hedge against inflation. Crypto prices can fluctuate wildly, but their overall value has increased considerably over time. Even if you invest a small amount of money in crypto assets, your investment will likely be worth more as you exit than when you entered.

No Mediatory

Cryptocurrencies have no third-party mediators. This can be considered a pro or a con, depending on your perspective. When you send money using a credit card, PayPal, or another online payment method, you rely on those companies to complete transactions for you. If there is an error in processing or your funds are frozen due to fraud or other reasons, it can take weeks for issues to be resolved.

More crypto advantages.

Disadvantages of investing in crypto

High loss risk

Investing in Crypto is risky. The price of any crypto asset can fluctuate wildly at any time. This means that you may not get back what you invested or even close to it if prices drop significantly. If your strategy is to buy low and sell high or invest for short-term gains, investing in crypto assets may not be a good option for you because prices change so rapidly.

Highly volatile market

Crypto markets are also highly volatile. While it’s possible that you can make a significant amount of money quickly by investing in crypto assets, it’s just as likely that you will lose money or exit with less than you invested. There is no way to know which direction prices will move until after they have already done so. This makes crypto speculation risky for those who invest their life savings into Crypto because there is a real chance that they could lose everything if prices fall rapidly.

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Risk of cyber hack

Crypto hacking is another risk that comes with crypto investment. Since your crypto assets are stored online on your exchange or wallet provider’s servers, it is always possible that they could be hacked by someone who has gained access to their systems. This means that you could lose all of your money instantly if hackers gain access to your account. As a result, it’s essential to use exchanges and wallets that have good reputations for security to minimize your chances of being hacked. It may also be good to store some of your cryptos offline in a hardware wallet for extra protection.

Critical Crypto mistakes to avoid

There are several critical crypto mistakes that you want to avoid.

Trading without a goal

The first mistake people make is trading without a goal. It would help if you always had a clear idea of what you want out of your investment. Are you trying to make a quick buck? Are you looking for long-term growth? Are you trying to diversify your portfolio? What is it that you’re looking for in Crypto? If you don’t know it, stop trading until you figure it out.

Thinking short-term

The second mistake is thinking short-term. Trading crypto is a marathon, not a sprint. Sure, some people have been able to cash out millions of dollars in months, but those are rare cases that you’re unlikely to be able to reproduce. If you want to make money trading crypto, you need to think long-term.

 

Not learning from your mistakes

If you lose money on an investment, don’t just shrug it off and move on; take time to figure out what went wrong so that you can do better next time around. After all, if we never learned from our past mistakes, we would never get any better at anything!

Not researching

There are hundreds of cryptocurrencies out there, many of which are legitimate. Many are scams. It’s your job as an investor to do your research and figure out which is so that you don’t accidentally invest in a scam. Don’t assume that if it sounds too good to be true, then it is; figure out what makes it good so that you can better evaluate whether or not it is legitimate.

Crypto Tips and tricks to getting started

If you’re interested in getting started with Bitcoin or other cryptocurrencies, here are some easy steps that will help you avoid common pitfalls.

Have a strategy

The first thing you need to do is have a strategy. This means knowing what kind of portfolio you want to build. Do you want a balanced portfolio? Are you going for growth or income? Will your crypto investments be long-term or short-term? What are your time horizons? If you don’t know where you’re going, how will you know when you get there? These are all essential questions that should answer before investing in Crypto.

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Manage risk

Don’t invest more than you can afford to lose. Cryptocurrencies are a high-risk investment; they’re highly volatile and sensitive to secondary activity like speculative trading. If you are not prepared for these risks, it is better not to invest.

Diversify your crypto portfolio

A well-diversified crypto portfolio is one of the most important things you can do to ensure long-term success. It will help if you spread your investments across multiple coins. To achieve maximum diversification, you may even want to invest in a few different assets like stocks and commodities. By doing so, you’ll reduce your risk exposure while enjoying higher potential rewards. This is especially true if you expect prices to go up over time.

Consider long term

Long-term investments will help you ride out short-term volatility. Generally speaking, the longer your investment timeframe, the more desirable long-term investments become. If you only have a few weeks or a few months before you need access to your funds – then it’s best not to invest in Crypto. Cryptocurrencies are still in their infancy and thus subject to extreme price volatility over short periods.

Automate purchases

Once you’ve decided on a portfolio strategy, it’s helpful to automate your purchases. This way, you won’t be tempted to make impulsive buys or sell at a loss. The easiest way is with an algorithm-based platform like ours that can execute trades in real-time based on your pre-programmed instructions. You can also set up recurring orders when investing in cryptocurrencies, scheduling buys weekly or monthly just as you would with a traditional investment.

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So there are the main crypto mistakes to avoid. In a nutshell, cryptocurrencies are still in their infancy stage. If you are going to invest in Crypto, make sure you do your research. Don’t be overly greedy or impatient. You will have a better chance of success if you take the time to learn about it before investing. Make sure you understand how it works and that you can trust its developers. It’s also imperative that you don’t put all your eggs in one basket—don’t invest more than what you can afford to lose!

Liquidity Mining Crypto

Liquidity mining crypto, also known as ‘pump-and-dump coins are cryptocurrencies that have what seems to be extremely low trading volume compared to their overall market capitalization.

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Liquidity coin

Once an online coin has been identified as a liquidity coin, the crypto community will sell all of their assets in said currency while simultaneously promoting it through various mediums such as blogs, social media, YouTube videos, etc. The key factor here is to make sure you buy low and sell high. This, of course, only increases the liquidity mining effect as more people become involved in the new cryptocurrency who were not aware it was a “pump-and-dump” coin.

Possible reasons why new coins are chosen for liquidity mining are, but are not limited to:

– New coins have low volume in relation to their market cap

– Coin may seem undervalued

– A new coin with a unique concept, offering an innovative service, etc. announced

– An innovative way of advertising a new coin presented (e.g., Bitcointalk, traditional media, and social media).

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Pump and dump groups

Pump and dump groups buy low and sell high after creating hype around an unknown coin in order to increase the demand while at the same time decreasing supply, thus creating a vacuum that interested parties easily fill.

Once the price of the coin has risen high enough. And once most of the coins have already been bought by the pump and dump group, they sell their coins to interested parties who believe that they’ve entered a rising market.

The result is that these new buyers will be left holding the bag and that the groups behind this scheme have made a profit at the expense of those hosting their miscalculations.

The pump and dump scheme has been around for decades and can be found within popular cultures. Such as movies like Boiler Room or Wolf of Wall Street, and has always been a problem in traditional markets. Therefore, it should come as no surprise that this method will exist in the still-young world of cryptocurrency trading.

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Similar to other pump-and-dump schemes, the pump-and-dump cryptocurrency scheme is perfectly legal despite it being against the best interests of other investors.

The crypto community has come up with a number of ways to attempt to stop these groups from succeeding in their endeavors. By using ‘pump and dump’ filters in popular trading software such as Telegram or Discord and through various Telegram groups that attempt to beat the system. For example by buying into a coin that’s currently being ‘pumped’. And then waiting until it’s finished pumping before selling again.

The best method of preventing any losses from occurring is to invest in coins based on their long-term potential. Thus making sure you’re not caught sinking when the next pump-and-dump coin pops up on your radar.

Liquidity pool meaning

A liquidity pool meaning is a place where many investors put their assets to earn profit. The liquidity pool also called Liquidity Mining (LM). This is a crypto community mining activity that has the objective of increasing the market value of coins. Under the condition that the coin price increases, all investors will gain profit from it. LM could be done with a regular computer, but nowadays, most people use a cloud mining service to increase profit.

LM works by pooling together your assets and using that to buy a single asset. When the price of this single asset increases, each investor will gain profit from it. The more money they have pooled together, the bigger their chance to earn more profit from LM activity.

LM example: A trader has 3 BTC and wants to increase the market value by buying a new coin (assume that this coin is in its Initial Coin Offering phase, and the price of one unit is 0.1 BTC). They then sell all three of their bitcoins into this newly bought coin. Since the coin price increased to 0.2 BTC, they then sold it into bitcoin again. And since the price of this coin is now worth 0.4 BTC. This trader will earn a profit of 2BTC from LM activity.

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Authenticity proof meaning

Authenticity proof means digital evidence that proves the existence of a certain message or file. It’s a method to show that a certain event or message is not a one-time, double spending, or any other type of fraudulence.

Authenticity proof in coin LM activity: Suppose five investors have put their assets together to buy a new asset. This means that investor A has 1 BTC. Secondly, investor B has 2 BTC. Then, investor C has 3 BTC. Investor D has 4 BTC. And investor E has 5 BTC. This LM activity is completed when investors B to E vote the transaction of selling the new asset into bitcoin as ‘true.’ The authenticity proof is a message signed by this group of investors with their private key. It shows that they have put together their assets and support this LM activity.

Crypto liquidity mining is very popular nowadays. Because it’s a way to earn money without having to put in much effort at all. But it can be a hazardous method that should never be attempted by someone who doesn’t know what they’re doing. As always, do your research before investing in anything and only put in as much as you are willing to lose.

Best Crypto 2022

Cryptocurrencies are decentralized digital assets, meaning they function anonymously without relying on banks. They are also not regulated by the central government. You can send or receive digital currencies from any part of the world. Cryptocurrency popularity has increased significantly over the past few years. A recent study estimated that Bitcoin will have over 1 billion users by the end of 2025. This clearly shows that digital currency is the future. But with so many cryptos on the market, it is normal to be confused on which crypto to invest in. Fortunately, today have landed in the right place. In this article, we will discuss the best crypto 2022.

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1. Bitcoin (BTC)

Bitcoin is the top and the first-ever digital currency on the market. Like other digital currencies, Bitcoin runs on a blockchain ledger. Bitcoin is the undisputed champion and is currently the largest and the fastest-growing digital currency with a market cap of more than $641 billion. Bitcoin has high liquidity, thus a great investment for people who want good returns within a short time. Unlike stocks that are quite hard to trade, Bitcoin is incredibly easy to trade and its return is great. Cryptocurrency experts are predicting that Bitcoin will increase to up to $250,000 by the end of 2022. Investing in Bitcoin is a smart choice for those who want to reap big in 2022. As of July 2021, the market price of Bitcoin was $32,000. So, if experts prediction comes true, you can imagine how much return you will get if you invest in Bitcoin.

Altcoins 2022

Let’s talk about altcoins 2022 below:

ethereum

2. Ethereum

Ethereum is one of the best crypto 2022. Since its launch, Ethereum’s popularity has been on the rise, thanks to its stability. Ethereum has its own Cryptocurrency known as ether (ETH) that can be used to buy goods, send or receive money, and power any products on the Ethereum network. ETH was the first crypto to use technologies such as smart contracts, ERC-20 Tokens, smart contracts, and Dapps. Ethereum is also a great investment because it allows staking. You can stake your ETH holding and earn money even while sleeping. And when Ethereum 2.0 which is currently under development is fully implemented, Ethereum will be unstoppable and could replace Bitcoin as the top Cryptocurrency.

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3. Polkadot

Polkadot is a Cryptocurrency Platform that connects various blockchains allowing them to work in sync. This Cryptocurrency allows designers to build smart contracts and apps. Transferring assets on Polkadot is incredibly easy, thanks to its interoperability. Polkadot is a great Ethereum competitor and many programmers are switching to it because it is much safer. It also allows developers to build their own blockchain. Polkadot relay chains and parachains that allow Dapps to communicate with other networks on the blockchain. Parachains runs transaction on their own thus reducing strain on the network. The current market price of Polkadot is 13.77 but experts predict that the price of Polkadot will rise to $108 by mid-2022, making it great best crypto 2022.

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4. Binance Coin

Binance Coin is one of the best altcoins to invest in 2022. Since its launch, its popularity has been on a steady rise. Its increased popularity is mainly attributed to its ease of use and great features. Binance coin is one of the few cryptocurrencies that can be used for paying fees and trading. This digital currency can also be traded for other digital currencies such as Ethereum and Bitcoin. You can also use Binance coin to pay for goods and services on the Binance smart chain. Binance is among the best performing cryptocurrencies in the market with a market cap of more than $51.08. It is also secure and has a wide range of applications thus worth investing in 2022. The current market price of Binance is $309 but experts predict that its price will go up to $593 in 2022.

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5. Uniswap

Uniswap is the 4th largest Cryptocurrency exchange. This decentralized platform is built on Ethereum and it allows the exchange of ERC-20 tokens via smart contracts. One of the reasons why Uniswap is very popular is that it allows uses to add taken without paying a fee as is the case with other similar platforms. This makes it easy for investors to access and trade other digital currencies. Uniswap also allows investors to have full control of their personal wallets. This means that your hard-earned money will be safe if your exchange is hacked. Uniswap was launched in 2020 with a starting price of 0.48, However, experts predict that its price will reach $24.60 by 2022.

Reddcoin Wallet, Zcoin Wallet and more

If you are investing in cryptocurrency, you will certainly need a place to store your money and a way to send, receive, and exchange cryptocurrencies. Non-custodial cryptocurrency wallets, for example, Reddcoin Wallet, provide users with a digital solution for securely storing and managing cryptocurrencies and blockchain assets.

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That said, it is worth noting that crypto wallets do not actually store the blockchain assets; instead, they store a collection of private keys. This is very true, considering that crypto coins never leave the blockchain. Technically, a crypto wallet is like a password that its owner solely controls.

In this article, you will find a handpicked list of cryptocurrency wallets that you may want to use to safeguard your blockchain assets.

Reddcoin wallet

The Reddcoin core wallet is a desktop crypto wallet that allows users to store, send, and receive Reddcoin. Cryptocurrency proponents can also use the wallet to donate to content creators, pay for stickers, and support social networks.

Notably, the Reddcoin wallet is the official wallet supported by the project to hold and stake RDD. It is easy to use, which makes it an excellent option for beginners.

Despite having a dated interface, this wallet has plenty of advanced features for advanced users. The major downside of the Reddcoin wallet is that it is not compatible with mobile phone devices.

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Zcoin wallet

XZC wallet is the official and native crypto wallet to use when managing your Zcoin assets. This hardware wallet is user-friendly and features state-of-the-art security, which promises an extra layer of security against evolving cyber-crime threats. With the promising security features and private keys encryption, the Zcoin wallet promises the best user experience.

Other secure crypto wallets that you may consider using include;

  • Ledger Nano S
  • Trezor Model T
  • Trust wallet
  • Coimoni
  • QT Zcoin wallet

They all come with different features to meet different user needs, so the right Zcoin wallet for you will depend on preferences, the devices you use, and the features you want.

Zcoin-wallet

Reddit crypto wallets

With so many crypto wallets, it is apparent for many investors to ask for referrals or simply look at wallets that get more upvotes.

Reddit is a discussion, social news aggregation, and web content rating website where many people get recommendations or make decisions based on members’ discussions. With that in mind, the members in communities dedicated to cryptocurrencies recommend several wallets, depending on user experience or online reviews.

Here are the various Reddit crypto wallets.

  • Ledger Nano S walletsTrezor One wallet
  • Trezo Model T w
  • ColdCard Hardware wallet
  • Electrum
  • Exodus
  • Coinbase wallet
  • Metamask
  • Binance
  • Samourai

When selecting your preferred Reddit crypto wallet, it is always good to do your own research to know which option is perfect for you. Some wallets are dedicated to one coin, while others are multi-currency. Again, although crypto wallets serve the same purpose, they offer varying features, with some offering a great deal of security at reasonable prices.

The best Reddit crypto wallet for you is the one that serves your needs best and works best on your device.

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Syscoin wallet

Syscoin wallet is a decentralized and open-source project with two dedicated desktop wallets and a blockchain explorer. The wallets are Syscoin Fusion and Syscoin Spark. They all incorporate Syscoin ecosystem functionality to allow users to store, send, receive and exchange their Syscoin securely.

  • Syscoin Fusion: This is an open-source desktop wallet that allows SYScoin Platform Token (SPT) creators to provide a customized wallet for their SPTs. Changing a single file fusion configuration results in moderate customizations, but you can achieve more significant layout customizations by modifying CSS.

  • Syscoin Spark: Syscoin Spark is a closed-source desktop client allowing SPT creators to build their own bespoke wallets. It features an extensible branding framework that enables developers to customize the look and functionality to suit client use cases. Syscoin Spark users can easily and quickly send and receive Syscoin and SPTs. They can also create and distribute brand new SPTs for their projects.

Other wallets supporting Syscoin are Cainomi, Hebe wallet, and QT wallet.

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Peercoin wallet

The Peercoin wallet is a desktop wallet that allows you to send, receive, and store Peercoin. As the official wallet supported by the project, it allows for the minting of blocks while keeping the network secure.

Notably, there is a Peercoin wallet for Android that is in development. Even with the constant performance upgrades, the app may be unstable. You can give it a try but at your own risk.

There are also plenty of unofficial wallets that support Peercoin. Some of them include;

  • Coinomi
  • Coinspot
  • Abra
  • Gemmer
  • UberPay
  • CoinVault
  • HolyTransaction

SpectroCoin-card

SpectroCoin card

If you are looking for a truly hardware crypto wallet that you can use at any shop or ATM outlet, the SpectroCoin card gets you covered. It is a VISA card ready to take your everyday payments to the next level.

SpectroCoin card allows you to exchange supported cryptocurrencies and load your debit card instantly so that you can complete payments. It is an exciting card hooked into SpectroCoin’s own exchange and wallet system.

You can easily access the platform using the mobile app or web browser, which allows you to manage your digital currencies anywhere, anytime. SpectroCoin card users also get a dedicated IBAN account, allowing them to make deposits and withdrawals directly to and from their SpectroCoin account.

SpectroCoin wallet supports over 20 cryptocurrencies, allowing you to make payments for services that accept cryptocurrencies and withdraw cash in over 30 million ATMs worldwide.

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Best crypto wallet 2021 Reddit

The new decade has brought a solid number of cryptocurrency users, which has spiked the volume of crypto trading. For this reason, it is important to choose the most secure and convenient crypto wallet to store your cryptocurrencies and blockchain assets safely. That said, the best crypto wallet 2021 Reddit are:

  • Exodus
  • Trezor
  • Ledger
  • Electrum
  • KeepKey

You can’t get far on Reddit without encountering one of these crypto wallets. They offer a vast array of features and enhanced security. Although they are not entirely immune, they are almost impossible to hack.

As crypto trading continues to soar, choosing a secure and convenient crypto wallet is very crucial. These wallets allow you to send, receive, and store your blockchain assets securely. Hot wallets like Exodus are an ideal solution if you want immediate access to your deposits at any time. They are user-friendly and in line with the fast-paced modern life. On the other hand, hardware wallets offer excellent security needed by those dealing with the large amount because they can’t be hacked without physical access to the device.

How do you cash out cryptocurrency?

How do you cash out cryptocurrency? There are several ways you can convert cryptocurrency to cash. It is essential to compare the several methods available and ensure you go for less risk and save you money. Remember, you will have to pay transaction fees to convert the cryptocurrency to cash.

how do you cash out your cryptocurrency

The time is taken to convert the cryptocurrency to cash also matters. There are times you may like to convert the crypto coins to cash as fast as possible. Under such a case, it will be necessary to look for a way to allow quick conversion. Nowadays, many people are using cryptocurrency. You should not worry on how to convert it into paper currency. There are several methods you can follow as outlined below:

How do you cash out cryptocurrency?

Peer to peer exchanges

You can use crypto to fiat exchanges to convert the cryptocurrency to cash. You will have to rely on apps such as local cryptos, and it will be easy for you to accommodate your sale or purchase. The apps allow buyers and sellers of cryptocurrency to remain anonymous. If you would like to get quick cash out of your cryptocurrency, you can apply the Apps, and they will make it easy for you to remain anonymous and get fast cash. They have escrow systems that eliminate fraud. You can be sure of the high level of safety using the system.

Find a cash buyer for crypto.

Some people will buy your crypto coins and give you cash. It is a risky transaction, but it is swift. If you have a few crypto coins you would like to exchange for cash fast; then you can search for buyers and sellers online. Join cryptocurrency trading platforms, and you will get to interact with many people on the forums who are ready to buy the crypto coins, and they will later convert them to cash. Always be careful because there are few to no security measures in such cases.

Utilize cryptocurrency exchange

There are set up systems that handle cryptocurrency exchanges. You can use the platforms to exchange your cryptocurrency for cash. Some of the reputable cryptocurrency exchanges where you can convert your cryptocurrency to currency include Kraken, Bitfinex, and Binance. They are easy to follow processes, but they will require you to wait for up to 5 days before getting your cash. The systems are secure, and they will take several days to eliminate fraud. If you have carried a lot of money in the form of cryptocurrency, you can opt for the system, and it will make it easy for you to convert the cryptocurrency to cash. Reliable exchanges adhere to anti-money laundering regulations. You may have to explain where the money is coming from in some cases. If your country prohibits the use of cryptocurrency, then you may have to avoid the system.

How to withdraw bitcoins to cash

How do you cash out your cryptocurrency?

Cryoptocurrency ATMs

Some cryptocurrency trading platforms offer ATM cards. It will be easy to exchange your money for cash after you decide to utilize such systems. They are quick, but they are not available in all parts of the world. If you stay in a city where you can readily access the ATMs, you will easily access your money from cryptocurrencies.

OTC trading projects

Some exchanges offer over-the-counter desks where you can trade in cryptocurrency. You can opt for such systems, and it will be easy for you to get the best deals. You may have to wait for the best deals, but the system is very fast.

How to withdraw bitcoins to cash

How to withdraw bitcoins to cash below:

Prepaid cryptocurrency card

There are some cryptocurrency wallets and exchanges that offer a prepaid visa card. You can apply for such cards, and it will be easy to convert the cryptocurrency into cash. Some of the cards you can apply to convert cryptocurrency to card easily include BitPay, Wirex crypto debit card, among others. They employ the highest level of security, making it easy to take advantage of several benefits associated with cryptocurrencies. The cards support significant coins such as LTC, ETH, and BTC.

There are several methods you can apply to convert cryptocurrency to cash. Ensure you invest in a method that is easy and fast. The method should employ the highest level of security to allow you to convert cryptocurrencies to cash fast.

All You Need To Know About The Oil Backed Crypto

Petro a hard asset-backed crypto introduced in February 2018. This crypto was first announced in December 2017 by the Venezuelan president. He stated that its aim was to make the country advance on money sovereignty issues and tap into international financing easily. Petro billed as the first sovereign currency introduced in the crypto space. The crypto built on the NEM blockchain and backed by oil, gasoline reserves and mineral reserves of gold and diamonds. It called oil backed crypto.

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In this post, we will explore what this asset-backed sovereign crypto offers in this arena. Also discuss crucial details such as its price, exchange process and platforms, market cap and value. Find out more about one more oil backed crypto – OilCoin.

Petro crypto price

The current petro price is $0.0225 with a price change of around 3.08%. The confidence in this crypto price is currently high and investors have higher stakes of making returns from investing in this crypto as long as they keep tabs on the price charts.

Even with this, it is important to note that most traders do not treat petro as a very stable coin considering that its price partially depends on the value of the hard asset (mostly oil) it is backed with. Also, not many exchanges will abide by the Venezuelan government’s price as the official price. In this regard, you should also consider comparing the prices on various exchanges and pick the one that offers the best value for your money.

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Here, it good to first note that 38.4% of Petro sold in a pre-sale private auction at a 60% discount before the official launch date. The pre-sale was made in cryptocurrencies and hard currencies and not local currencies, which are now accepted as a viable exchange medium.

Today, Ptr coins exchanged through various virtual exchange houses. A perfect example here is the state-sanctioned Cryptolago. More and more merchants providing goods and services also accepting Petro as a medium of payment and it is speculated that most Petro will be exchanged through this path.

Citizens, private and state companies can visit any virtual exchange selling Petro and purchase it using Yuans, Rubles, Euros, Turkish Liras and the major cryptos such as Bitcoin and Ethereum.

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Ptr current coin market cap $1,432,905 with a fully diluted market cap of $1,435,863. Its current circulating supply is 63,993,275XPD. According to coinmarketcap.com, Petro’s market rank is currently at 1502.

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Petro cryptocurrency value

The average value of a barrel of oil is $62. Which is exactly what one petro backed with and sold at. This simply means that if Venezuela sells around 100 million Petro, they can raise more than $6 billion. With this kind of cryptocurrency value, there is no doubt that petro crypto is very crucial in improving Venezuela’s economy. It is a perfect example of what digital assets can do in improving a country’s economy, if supported by both the government and the citizens.

The Venezuelan government initially allocated 5 billion barrels of Venezuelan oil to back the petro crypto. How stable this petro value is, depends on the existing value of oil, gasoline and other related minerals such as gold. Since petro entirely pre-mined, its value also depends on what the government dictates.

The petro crypto’s value is helping Venezuela greatly in foreign trade. The country is, for example, able to pay for imports with this asset-backed cryptocurrency. An excellent example here is the Venezuela-Brazil trades where several Brazilian companies accept to export food to Venezuela and get paid with Petro.

As people continue accepting this crypto, more businesses and shops recognize it as a viable payment mode; its value will definitely rise. The speculation and trading volume around it will also contribute to value rise.

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Conclusion

So that’s all about oil backed crypto. Although the Petro crypto not fully developed, its future is bright. The government has great plans for this crypto and wishes that it will create an open, independent and transparent digital economy where all Venezuelans will have equal participation. In the international economic realm, this crypto focuses on creating a fairer financial system that will support and develop emerging economies. Investing in this crypto will definitely be a rewarding decision in the future as long as there will be no political influence on its market and usefulness.

Overview of Global Coin Market

Do you know that all the world’s crypto is now worth more than $1 trillion? And Bitcoin hits $1 trillion in market value as cryptocurrency surge continues? In a previous article, we talked about crypto you should invest in 2021. So what’s more in the global coin market?

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Volatility and Dominance of Leading Cryptocurrencies

Despite the surging popularity and recognition of the multi-billion dollar digital currencies, their volatility in recent months has been significant and is highly likely to continue. This volatility is attributable to a number of factors. Principal among them being lack of liquidity, governmental restrictions and bans on ICOs.  Digital currency transfers and exchanges, and various protocol battles pitting miners and others with significant sunk infrastructure investments against individuals pushing for more function-oriented, rapid and scalable solutions. It is reasonable to assume that increased government regulation and protocol wars will persist over the coming months and years. that the currency, platform or protocol that succeeds in today’s global coin market will be replaced by competitive technologies or hard forks in the future.

Bitcoin and Ethereum

Bitcoin has resoundingly proved this point as its dominance as recently at 2016 was broadly accepted and few expected the more robust and useful Ethereum protocol would take significant market share as quickly as it did. In late Q2 2017, Ethereum seemed well positioned to overtake Bitcoin in terms of total market cap during the course of 2017, especially with Bitcoin’s hard fork and SegWit events which occurred in the summer of 2017. However, Bitcoin saw a remarkable, record setting recovery in the second half of 2017 suggesting the ultimate emergence of Ethereum as the dominant digital currency may either be delayed or never occur.

Also remarkable was emergence of Bitcoin Cash which has seen a fivefold increase in token price and total value in the last month alone. Very few investors, traders or even digital currency experts have proven adept at anticipating future moves and values for existing digital currencies. Bitcoin, Ethereum, Ripple and virtually all digital currencies have continued their upward surge throughout 2017 despite the imposition of restrictions on digital currencies by China, South Korea and Russia among others.

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Extreme volatility

The extreme volatility and surging prices displayed by leading digital currencies as they vie for global platform and protocol dominance has provided a compelling way to speculate as new digital currencies continue to emerge. Certainly, one can expect more disruptive currencies to emerge in coming years.

However, extreme volatility is a strongly negative factor in global coin market environments with declining values or if the goal for an investor, merchant or institutional or individual holder is price stability or value preservation. As a result, the role and importance of a currency like OilCoin – which is fully digital and blockchain supported but is also directly linked to and supported by reserve value derived from the most liquid and actively traded asset in the world – may be an increasingly critical one in future years.

Comparison to Fiat Currency Ties or Tethers

The volatility associated with Bitcoin and other leading digital currencies has led many holders of digital currency assets to seek to diversify their holdings into different digital currencies 20 that allow them to link to external, real-world asset value not directly correlated with fluctuations in the broader digital currency, global coin market. Tokens such as the USD Tether have increased in popularity as investors seek a relative safe haven within a blockchain, digital currency-based medium. However, existing tokens that seek to tether directly to fiat currencies have faced a host of issues, particularly in instances where their implementation requires token holders to convert between fiat currency and digital currency, or where the tethered assets are subject to uncertain regulatory regimes or are under the control of a hostile custodian.

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OilCoin designed to mitigate the risks of other tethered digital tokens in two principle ways. First, users of OilCoin may but never need to convert between OilCoin and fiat currency. At all times, OilCoin may be bought or sold for other digital currencies. Other than in very limited circumstances resulting from regulatory compliance, a purchaser of OilCoin will not receive fiat currency upon redemption of OilCoin. Secondly, unlike a tethered digital currency which holds its fiat currency as deposits in one or just a few banks or other financial institutions, OilCoin’s assets will be spread across a variety of reserve assets including physical oil, oil futures and interests in oil producing assets. These assets will be in multiple locations and with multiple custodians and counterparties thereby insulating OilCoin from heavily concentrated risk resulting from the failure of any one of them.

Emerging Regulatory Landscape

The substantial growth in digital currencies over the past few years has received significant attention from national regulators the world over. Notwithstanding, most countries at present affirmatively permit participation in ICOs and the purchase, sale and exchange of digital currencies without government registration or mandated disclosure.

Several countries, however (notably China, Russia and South Korea), have enacted legislation prohibiting participation in ICOs or transacting in digital currencies, including transactions on exchanges. The U.S. and Abu Dhabi have published guidance effectively limiting participation in unregistered ICOs to persons holding accredited investor status.

Many countries have long-standing laws regarding the issuance of securities. Which clearly implicated by the issuance and sale of many digital currencies. Though we not aware of any country which has sought to actively enforce these laws to restrict ICOs except in cases involving fraud.

Currencies all over the world

Similarly, many countries have laws restricting the cross-border transfer of currency, which would be implicated by digital currency transfer – though enforcement is often lax or sporadic. A number of countries have taken positions hostile to digital currency and it appears that digital currency transactions by nationals could result in adverse legal consequence:
these include Bangladesh, Bolivia, Dominican Republic, Ecuador, India, Iceland, Jordan, Thailand and Vietnam (again, enforcement may be sporadic – though severe).

Going forward, it seems likely that the trend toward increased regulatory scrutiny will continue. Though it does not seem likely that most countries will enact laws seeking to eliminate digital currencies altogether. It is far more likely that regulatory regimes will emerge that seek to create a fair. And efficient eco-system for an increasingly relevant developing technology.

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These regulations will likely focus on:

(i) Enhanced disclosure of issuer information to reduce incidents of fraud. Also provide investors with trustworthy information upon which to make reasoned investment decisions.

(ii) Increased registration with governmental agencies and securities regulatory authorities to track and monitor the conduct of issuers, exchanges and purchasers/sellers of digital currencies.

(iii) Enforcement of laws against persons using digital currencies as
instruments in criminal activities. With a particular focus on money laundering, illegal currency transfers and use of digital currencies to pay for illicit goods and services,

(iv) Disclosure of transactions involving digital currencies for purpose of levying taxes.

Recognizing the ever-changing regulatory landscape from country to country, OilCoin 22 committed to developing a fully legally compliant digital currency to the maximum extent possible.

Cryptocurrency Risks

In a previous article, we talked about advantages of digital currency. Now let’s talk about cryptocurrency risks. Cryptocurrency is not an issue of the central authority theoretically rendering its immune to manipulate or interfere with the government. For you to understand cryptocurrency risks, you must, first, understand the blockchain or the platform’s features basing it. Blockchain is a decentralized, digitized, public ledger to transactions of the cryptocurrency.

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Constant growth as blocks completes recorded and in a chronological order adds to it. This helps in marketing participants to retain digital transactions of currency with no central keeping of records. Each node acquires a blockchain copy automatically downloaded.

Cryptocurrency Risks and Problems

So what is the main cryptocurrency risks and problems?

Business Risk

Confidence is lost in digital currencies due to currencies’ nascent nature, thus subjecting currency to a high uncertainty level. Online platforms have currently generated broad trading activity through speculators seeking long or short-term profit holding the digital currency. Cryptocurrency supported by the international or national organization, central bank, assets, or any other credit.

Their values determine strictly by the value placed by the participants in that market through participants’ transactions. This indicates that confidence loss may cause trading activities to collapse and thus the value to drop abruptly.

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Fraud or Cyber Risk

Cryptocurrency has attracted a large set of community criminals (cyber risk) because it deals with cash currency. These criminals break into the crypto exchanges, drain the wallets of the and individually infect with malware used to steal cryptocurrency. As internet transaction takes place, hackers target the handling of the service, the people, and the storage areas through such means as phishing or spoofing and malware.

Investors have to rely on their computer securities’ strength systems and systems of the third party’s protection to protect cryptocurrency purchased from theft. Cryptocurrency highly depends upon companies unregulated. Some of these companies may lack internal control that is very appropriate. This makes it susceptible to theft and fraud than regulated institutions of finances.

The software requires regular update suspecting at times. Blockchain source of technology vendor results in exposing the third party to significant risk. Minimal way of recovery provided. Stealing the user the keys of the wallet leads to fair impersonation of the original account owner. This allows access to the monies the original owner has in the wallet. Once the bitcoins are transferred from the account and the transaction be committed to the blockchain, monies are forever lost from the one who owned it initially.

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Dangers of Cryptocurrency

Let’s talk about the dangers of cryptocurrency:

Irreversibility
The transaction is not reversible after the confirmation, and thus net is not safe.

Anonymous
Accounts and transactions not connected to the identities of the real world. This indicates that internet access digitalizes everything.

Speed of the Globe
The network transactions are instant and confirmed in a few minutes. They are very indifferent to your location physically. This is because they happen in a computer’s network globally. Also, third parties are not involved in validation and verification.

Security
For example, firm cryptography and the significant number’s magic make the scheme impossible to be broken.

No Gatekeeper
Everybody can download this software for free. After installation, one can either send or receive bitcoins or any other cryptocurrency.

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Disadvantages of Cryptocurrency

Some disadvantages of cryptocurrency below:

Peer To Peer
For example, user controls their digital wallet other than using a bank. Access loss of your wallet, however, can make you encounter major challenges.

Access
Anyone having internet access and an account can freely use cryptocurrency. This is because they unrestricted to a given country and thus decentralized. Finally, they usually operate in twenty-four-seven across the world.

Privacy and Security
Blockchain technology, in which most of the platform runs, has proven to be entirely secure over time. Moreover, you can also remain anonymous. It is minor if any government report is inolved in making the aspects most controversial to cryptocurrencies.

Uncertainty
The pricing volatility of cryptocurrencies threatens and intimidates acceptance of widespread. Also, a currency should be reliable and stable to earn more trust and used widely.

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Acceptance
Cryptocurrency can be widely used in the whole world in theory, like bitcoin. Many vendors, however, are not ready to educate or accept them because of their potential importance.

In conclusion…

To sum up, cryptocurrency risks contains a few things. Also, the growing secrecy and popularity aspects of cryptocurrency are attacking wide attention worldwide to all sorts of people. Features allowing for money secrecy and laundering attracts criminals. Investors, however, see significant gains of the opportunities going unreported. Likewise, many banks and governments have started to be cautious.

Oil Coin Crypto Use in Commercial and Consumer Transactions

OilCoin appears capable of widespread utility and adoption for use in cross-border commercial transactions in oil and oil-related assets. Prior to the creation of Oil Coin crypto, no currency has been denominated in barrels of oil. As a consequence, parties to a forward or future purchase and sale of oil assets outside of the same country (or currency zone) must record their transaction in a national fiat currency with one or both parties forced to bear or hedge the risk of cross-currency volatility as well as fluctuations in the price of oil.

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A cross-border, future market-price, forward purchase transaction settled in OilCoin cryptocurrency is one example where this risk may be avoided.

Oilcoin price

Since the price of one Oil Coin price of one barrel of oil, pricing a future purchase contract in OilCoin enables the purchaser of oil to purchase OilCoin on the date on which the contract take effect. Also pay those Oil Coin crypto at a future date in exchange for a fixed quantity of oil.

In the absence of OilCoin, the purchaser would force it to hedge or bear the risk of changes in both crosses. Yes, currency rates and the price of oil. Similarly, to the extent that changes in oil price quoted in a national fiat currency are expecting to track changes in that national fiat currency relative to other fiat currencies, pricing transactions in OilCoin will be an effective means to avoid currency risk in ordinary commercial transactions even for goods and services unrelated to oil.

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Oilcoin in consumer transactions

At present, ordinary consumer transactions in digital currencies have had a significant appeal but limited adoption. This is due to a variety of factors, the most significant of which is the absence of a practical and ubiquitous solution which enables a consumer to pay for goods and services in digital currency and allow a vendor to receive immediate and guaranteed payment for a fixed amount of local fiat currency.

OilCoin has developed a partial but workable and highly effective solution to this problem through the use of branded debit cards supported by OilCoin’s valuable oil reserve assets. Under the OilCoin debit card program, a holder of OilCoin may reserve a portion of their OilCoin to support their crypto card issuance and use. From the vantage point of an OilCoin debit cardholder, their holdings of OilCoin will reduce as they make purchases. From the vantage point of the vendor, they receive immediate payment in full in local currency without making any modification to their ordinary business practices.