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    Home Unlabelled Crypto Currency Markets 5 Reasons why Cardano became the third biggest cryptocurrency while it is still in the development phase

    Crypto Currency Markets 5 Reasons why Cardano became the third biggest cryptocurrency while it is still in the development phase

    August 28, 2021

    Crypto Currency Markets 5 Reasons why Cardano became the third biggest cryptocurrency while it is still in the development phase

    5 Reasons why Cardano became the third biggest cryptocurrency while it is still in the development phase

    Posted: 28 Aug 2021 04:54 AM PDT

    I just spent 20min explaining Polkadot concept and parachain auctions to my wife. After that she just said “so you’re not selling?” I think she gets it..

    Posted: 28 Aug 2021 03:19 PM PDT

    Thoughts on ADA after smart contracts?

    Posted: 28 Aug 2021 04:01 AM PDT

    I sold my ADA a few days ago because I feel once smart contracts are live price will correct in a big way until there's an actual ecosystem and value in the network.

    It's hard for me to conceive the 90 billions dollar market cap with no real usage right, just a promise.

    I will definitely consider buying again in the future, so it's not an ADA hate post or anything like that.

    What are your thoughts or strategy around ADA?

    submitted by /u/miloops
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    Bitcoin generated $2 billion in profits for MicroStrategy

    Posted: 28 Aug 2021 04:23 PM PDT

    My experience in creating the worst coin ever

    Posted: 28 Aug 2021 10:30 AM PDT

    Hi everyone,

    I thought to share my experience in creating an "altcoin" or what is normally called a memecoin. It was rather an adventure worth sharing here for those seeking to start new projects on BSC, mainly the pros and cons and what to expect, worth the read and hope to see what do you think!

    A team was gathered of multiple individuals keen to create a token that would address an issue, solve a problem, and acquire this "top notch" concept of changing the world wherever possible. So we decided that the first thing we needed is to understand what is a smart contract, how can we initiate the token, and based on which blockchain.

    After comparing vast projects it was noticed that memecoins tend to use BSC, and mostly fork a token named "safemoon" for its among the first to use tokenomics. So we decided to proceed in the direction of the vast majority, blindly? - No. We wanted to understand every single step of what is happening.

    After consideration, we noticed that the so called "tokenomics" is only beneficial for top holders aka whales, it doesn't require a genius to see that loosing 32% at buying (20% buy fees + 12% slippage) and 32% at selling is an awful chunk of the investors monies and might not always be profitable (most of the time).

    Back to the story, we hereby decided no tokenomics = no tax fees, going out from the memecoin whole idea aren't we? Regardless, we proceeded to continue what would be the next step, and here it was ladies and gentlemen, searching for the world changing vision. The most valuable task before you start any project; unfortunately, so little developers are putting effort on this nowadays.

    The whole point of creating a token is to actually make impact (as this is our main aim). So what could be the impact done to change a current misunderstood ideology not yet used among tens of thousands of tokens being deployed every minute?

    After thorough consideration, we found out that the most used word in crypto is the word FUD (no applicable reference). Apparently it is a bad word representing Fear, Uncertainty, and Doubt. So we started looking at this word and what it represent for the memecoin market. To do so, we monitored tens of Telegram groups to understand how devs/owners/admins of memecoins are dealing with FUD. We noticed that if an investor raised a question that scratched owners' feelings like "why there is no progress", this investor is warned and banned. It was overwhelming that this happened over 50 times in 13 memecoins groups alone in a time-span of less than 5 days.

    So we started questioning this attitude, why would an investor be banned? I mean, an investor in a memecoin is basically a customer contributing to liquidity, to marketing, and to the overall marketcap. Would Starbucks ever ban a customer for criticizing their employees spelling their wrong name on a morning coffee? We thought this doesn't make any sense. We started researching and found that a connection between "criticism" and "care" in vast situations and academic articles. Which implied that whoever criticize a project, actually care for the project, most of the time (excluding those seeking bad reputation on purpose). In other words, they are banning whoever care most!

    So there it was, addressing FUD is what we are after and embracing negativity among the crypto market. We were so keen to get this going we named it FUDcoin Official.

    After completing the token, finding the world changing ethos, and replacing tokenomics with zero fees, we noticed we are still lagging the marketing strategy.

    How can we market FUD? it is something accompanied with direct ban, even automoderators on subreddits tend to ban the word instantly. And here it was ladies and gentlemen, the idea that made us different from everyone else. "Negative Marketing" was the strategy we chose in an era where negativity is not tolerated. Having said that, we started advertising that FUDcoin Official is the worst coin out there. Guess what? Everyone loved it!

    After finalizing everything, we are now bound to choose the best launching date, what would the best date be for launching a token? Searching online for a relevant answer, we noticed that the most hated day in Europe is the Friday being on a 13th which represents badluck. Checking our monthly calendar, there it was, Friday the 13th ladies and gents, a coincidence that nearly acted as a sign for us to proceed! We made the worst coin and launched it on the worst day!

    After finalizing everything, we needed a mascot to represent FUD. What would be the best face to lead this? Again, a quick search of the word FUD we were back to our childhood watching bucks bunny and Mr.Elmer Fudd trying to hunt him with him failing every time. A designer was invited and here we are, ready in all ways possible for takeoff with Mr.FUD as the main character! (mainly a replicate for copyright reasons).

    It was the 13th of August 2021, when one of the worst tokens ever deployed on bsc was initiated! Upon deployment, we reached 5K Marketcap instantly which we thought was a nice start, then things started going up gradually.

    This acts as part 1 of /2 parts sharing our story, stay tuned for part 2 (What happens next, the technicalities, and the angry mob).

    Hope you like it and any advice/comment/opinion is highly appreciated!!

    submitted by /u/AnmarAaluse
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    Top paid cryptocurrency and blockchain courses [2021]

    Posted: 28 Aug 2021 07:11 PM PDT

    Bitcoin returns to $48,000 after FED president speech: no rush to raise interest rates

    Posted: 28 Aug 2021 03:44 PM PDT

    Cuban Central Bank To Recognize Cryptocurrencies

    Posted: 28 Aug 2021 03:29 PM PDT

    Altcoin Daily Host: XRP Is On the Cusp of a Huge Price Break Out

    Posted: 28 Aug 2021 01:11 PM PDT

    How will crypto truly become mainstream if crypto payments and exchanges are still very slow and expensive?

    Posted: 28 Aug 2021 09:18 PM PDT

    Scalability is crypto's greatest flaw. Its the thing mostly keeping it away from mainstream status.
    Transactions take so long and fees are sometimes more expensive than the transaction itself that some transactions simply aren't worth it anymore. And while there are always forks like Bitcoin Latinum and other similar ones that make transactions faster and fees much less expensive, this market is still not accustomed to huge influxes of adoption. It's simply bad at coping with traffic.

    submitted by /u/jesusvsaquaman
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    Lend, Stake, Leverage and Farm on Alpaca Finance! Defi Yield Farm Token Review 2021

    Posted: 28 Aug 2021 08:33 PM PDT

    The Axie Infinity Marketplace is in an amazing spot right now - Crypto NFT Game

    Posted: 28 Aug 2021 08:16 PM PDT

    Noted ☑️

    Posted: 28 Aug 2021 08:09 PM PDT

    1inch Token Gives Bullish Breakout Of A Bearish Pattern

    Posted: 28 Aug 2021 06:05 AM PDT

    SEC Officials Traded XRP?? Ripple's Chess Move in SEC Lawsuit that could lead to Settlement!

    Posted: 28 Aug 2021 07:19 PM PDT

    Bitbns Review 2021: Is it safe & legit?

    Posted: 28 Aug 2021 07:11 PM PDT

    Bitbns Review 2021: Is it safe & legit?

    Posted: 28 Aug 2021 07:08 PM PDT

    Top paid cryptocurrency and blockchain courses [2021]

    Posted: 28 Aug 2021 07:08 PM PDT

    Vechain Video Contest 2021

    Posted: 28 Aug 2021 06:10 PM PDT

    Honest question: Why do some people choose Coinbase when Binance is much cheaper and has almost the same features.

    Posted: 28 Aug 2021 04:34 PM PDT

    I'm currently not using both of them. I'm using one called Bitget which is similar to Binance but is a lot more intuitive. However I am familiar with Binance as I've used it before. I had a good enough experience there. So why would people choose and much more expensive alternative like Coinbase ? For all I know they almost have the same features. Or is there something special and native to Coinbase that I don't know about ?

    submitted by /u/Mandrake_m2
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    5 Best Bitcoin exchange in India [2021]

    Posted: 28 Aug 2021 07:01 AM PDT

    Lolli Review: Earn Bitcoin while Shopping

    Posted: 28 Aug 2021 07:01 AM PDT

    12-Year-Old 'Weird Whales' NFT Creator Set to Rake in $400K Worth of Ether

    Posted: 28 Aug 2021 12:56 AM PDT
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