A Must-Read Anti-Fraud Checklist for Newbies in the Crypto World (Recommended to Save) In Web3, security is always the first lesson. Many people do not lose due to market conditions but rather due to scams. The following pitfalls are particularly easy for newcomers to fall into 👇 Digital One Agency+3Sumsub+3Ledger+3 1️⃣ Phishing Websites / Fake Apps Links that look exactly like the official website, with just one or two letters different Once you connect your wallet or enter your seed phrase, your assets are directly emptied ✅ Only click links from official channels (official website, official Twitter, official TG/Discord); ✅ Add commonly used websites to your browser favorites and access them from there. 2️⃣ Fake Customer Service / Fake “Unfreeze Account” They proactively add you as a friend, claiming to be platform staff They ask you to “cooperate with operations,” “pay a deposit,” or “provide verification codes/seed phrases” ✅ Officials will not privately ask you for passwords and seed phrases; ✅ Any request that requires you to transfer coins to “unblock/unfreeze” should be directly blacklisted. 3️⃣ Fake Airdrops / Fake Whitelists Randomly sending strange tokens to your wallet Asking you to click on a certain website to “claim airdrop” or “authorize transactions” ✅ Do not casually interact with tokens of unknown origin; ✅ If you don’t recognize the airdrop, treat it as non-existent. 4️⃣ Rug Pull The team pumps the token, shouts orders, creates FOMO After everyone rushes in, the project suddenly crashes, liquidity is pulled, and the token goes to zero ✅ Try to avoid projects that rely solely on “stories and emotions”; ✅ Check if the contract is locked, if liquidity is secured, and if the team is transparent.
Where do airdrops come from? 3 key terms beginners should understand In the community, we often say “grab airdrops, interact, brush the chain,” so what exactly is an airdrop? An airdrop is essentially a way for project teams to attract attention and reward early users by distributing a portion of tokens for free to wallet addresses that meet certain criteria. coinbase.com+1 Common airdrop logic is roughly as follows: You have genuinely used a certain chain or protocol Completed some operations: transferring, trading, providing liquidity, staking, etc. The project team then takes a round of “snapshot + scoring” based on your past behavior, and qualifying addresses can claim tokens. 3 reminders for beginners: 1️⃣ Don’t recklessly participate just for “grabbing airdrops” Some projects won’t distribute at all Some projects do distribute, but the tokens lack liquidity. 2️⃣ Pay attention to interaction costs and security Gas fees and cross-chain bridge fees are real money Be cautious of fake websites, fake contracts, and fake “airdrop claim entrances” Sumsub+1 3️⃣ Treat airdrops as “handy rewards,” not your main business The core is still to learn and truly understand what the protocol is doing The deeper you understand, the easier it is to distinguish what is worth participating in and what is obviously fake.
NFT: Not just images, but a 'certificate of the digital world'. Many people’s first impression of NFTs is: 'Just a few messy JPGs traded at sky-high prices.' But a more accurate understanding is: NFT = a 'unique digital certificate' recorded on the blockchain, used to prove that a certain digital asset or right belongs to you. ChainUp+2Simplex+2 It can correspond not only to profile pictures, but also to: A piece of digital artwork A concert ticket / qualification for offline events A membership card for a private community Weapons, skins, and cards in games Others can right-click and save your profile picture, but they cannot copy: The blockchain record that you are the holder of the NFT The exclusive rights and privileges that come with the NFT So, when you see an NFT project, you can ask yourself three questions: What specific rights does this NFT represent? (Ticket/Identity/Item/Profit Sharing…) Does the project have real products or community support? If no one takes over tomorrow, is this NFT still useful to me? Revisiting NFTs from 'speculative symbols' to 'digital certificates', you will find that Web3 is far more than just trading images.
Liquidity pools and AMMs in DeFi aren't that hard Seeing "DeFi, liquidity pools, AMM" makes you want to close the page? Come, let me explain in simple terms. In traditional finance: When you buy and sell stocks, you need to match buyers and sellers. When no one is placing orders, you can't complete the transaction. In many DeFi protocols, a different logic is used: AMM (Automated Market Maker) + liquidity pool. gemini You can think of it as: A pool of tokens (capital pool) always sitting there, Anyone can directly exchange tokens with this pool, The price is automatically calculated by a formula based on the ratio of the two types of tokens in the pool. Those who provide funds in this pool are called LPs (Liquidity Providers): They deposit two types of tokens in proportion To provide others with the convenience of "instant exchange" In return, they earn a portion of the transaction fees. It looks like "helping others trade to earn fees," but don't forget: When the price of tokens fluctuates significantly, there is a risk of impermanent loss. It's not "just put it in and wait for risk-free profits." So, a summary for beginners in one sentence: First, understand the risks before deciding whether to be an LP, Don't just look at the APR; very few people will explain the four words "impermanent loss" in detail.
Beginners who just entered the circle usually come across two types of "currency exchange": ① CEX: Centralized Exchange (like Binance) Characteristics: Requires account registration and KYC Assets are held in the exchange's wallet User-friendly interface, order placement/depth/K-line are relatively clear Suitable for beginners to deposit funds, fiat currency transactions, regular buying and selling Encyclopedia Britannica Disadvantages: You do not control the private keys; in extreme cases, you must trust the platform's risk control and security.
② DEX: Decentralized Exchange (like Uniswap, Pancake, etc.) Characteristics: No account registration is needed, no real-name verification required You use your own custody wallet and manage the private keys yourself Buying and selling are completed through on-chain smart contracts and liquidity pools MoonPay Disadvantages: Not very user-friendly for beginners: the interface is simple, you have to select the network, Gas fees, etc. You are responsible for operational errors (wrong chain transfer, wrong contract click) 👉 Practical advice for beginners: Initially: Focus on CEX, understand the basic concepts and risk control Once you have a basic understanding of wallets, chains, and Gas, try to practice with a small amount of funds on DEX
Always remember: whoever controls the private keys truly controls the assets.
Many beginners stumble at the very first step on the words "wallet". First, remember this concept: Exchange accounts ≠ your wallet, What truly belongs to you is the wallet where you control the private keys/mnemonic phrases. Reuters Wallets are generally divided into two types: 1️⃣ Hot Wallet Mobile app, browser extension Always online, suitable for daily small operations, interactions, and airdrops Risk: Connected to the internet, easily targeted by phishing links and malicious authorizations 2️⃣ Cold Wallet Similar to a USB drive small hardware, usually offline Suitable for long-term, large storage A bit more complicated to operate, but with higher security A simple principle for beginners: Play around & practice: use a hot wallet Real big money: store in a cold wallet All money: never send a screenshot of your mnemonic phrase to anyone I will write a separate article later, focusing solely on "mnemonic phrase security" and common pitfalls.🔐
What is Web3? Let me explain it in simple terms. Many people get confused when they hear Web3, but it can be remembered like this: Web1: You can only "view content" Web2: You can "view + publish content" (like Weibo, short videos) Web3: Building on the first two, it adds one more thing — "you can truly own your assets and data" McKinsey & Company+2PwC+2 In the Web2 era, your accounts, data, and content are all on the servers of large platforms, and they can block you at any time; In Web3, assets and identities exist more on the blockchain and in your own wallet, using encryption technology to ensure who owns what and who has permission. Amazon Web Services, Inc.+1 You can understand Web3 in one sentence: Evolving from "platform ownership" to "user ownership," transitioning from the account era to the wallet era. In the following posts, I will guide you step by step through this new world, covering wallets, exchanges, NFTs, and DeFi.
【Significant Positive News】 At the latest congressional hearing, Federal Reserve Chairman Jerome Powell clearly stated that the Federal Reserve does not oppose U.S. banks providing services to cryptocurrency companies and investors, as long as they comply with existing risk management and consumer protection requirements. At the same time, the Federal Reserve has removed "reputational risk" from the bank regulatory manual, reducing the space for a blanket refusal of cryptocurrency business due to "image issues." This means: Compliant banks can more boldly offer accounts, clearing, and custody services for exchanges, custodians, funds, etc.; The long-standing pressure of "de-banking" in the cryptocurrency industry is expected to ease, further breaking down the barriers between traditional finance and the crypto world; The compliant channels for institutional funds entering the cryptocurrency market are being officially confirmed, which is a medium to long-term positive for the adoption and liquidity of mainstream assets like Bitcoin. The regulatory authorities have not raised a "red flag" for cryptocurrency but have instead provided a signal of "what can be done" after clarifying the rules. Do you think this is one of the key catalysts for the next market cycle?
From the hourly Bollinger Band trends, the three bands show a state of downward divergence, with the opening amplitude continuously expanding. The lower band of the Bollinger Band is also being pulled down and continuously extended, and the overall trend exhibits a more pronounced downward characteristic. Big Pie: Around 91000-92300, target looking towards around 89000 Second Pie: Around 3050-3120, target looking towards around 2900 $BTC
$ASTER's recent performance is simply a leading indicator of a bull market! The project team is continuously buying back chips with real money, coupled with an unprecedented unlocking mechanism delay, which undoubtedly builds a solid barrier for circulation, greatly alleviating long-term selling pressure. Some compare it to the successful path of BNX in previous years, believing it is replicating the explosive growth of early leading platform tokens. Currently, ASTER is oscillating near a key position, with intense short-term long and short battles, but every market correction is seen as a golden opportunity for whales to accumulate. Don't be deceived by short-term fluctuations; the substantial investment from the project team has laid a solid foundation for ASTER's future.
Alpha Airdrop Calendar📅 Today a brand new warm-up airdrop, the project background looks pretty good at the moment. Tomorrow, the Pre-TGET scheduled for the end of October is about to launch, and there is a high probability it will be a big gain! ✅ November 13 (PLANCK) is a project focused on decentralized AI computing infrastructure + blockchain network, another classic AI project paired with Web3. AI projects have really become a major narrative in the past two years; as long as they have an AI background, they develop quite well, just like in 2021 when adding the metaverse and Gamefi narratives led to good returns for many projects! Other important information about this project is unclear (not publicly verifiable), expected to be first come, first served, with an expected score line of 225 points. The Alpha airdrop goes live at 20:00, and half an hour later at 20:30, Binance contracts will go live, with an expected gain of around 50U! We will assess the market cap at the launch and make decisions accordingly, be adaptable! ✅ November 14 (PLAYSOLANA) is a Gamefi (play to earn) project on the SOL chain; the name is quite interesting. The project is expected to be average, expected to be first come, first served, with an expected score line of 230 points, expected small gains! #New on Binance Alpha ✅ (PIEVERSE) Pre-TGE scheduled for the end of October, if you stake 3 BNB, you should receive 255 tokens. Go check if you have them in your wallet! The Booster task will also be available for collection tomorrow, so hurry and check if you completed it. Hopefully, we can get a big gain of 100U. The Pre-TGE has not had small gains yet, and it is highly likely to go live simultaneously. Waiting for the announcement! Score boosting recommendation AIO, boost at 66000 level, stable range to boost, wear and tear controlled at 3.3-3.5U!