科尔森大大

Preface:
There are always pitfalls in web3, and everyone who helps others to avoid pitfalls deserves respect
With the double gold gains of SHIPB and UNI, plus the early purchases of BTC and ETH, I had about 1.6 million yuan in funds at the time. Since the wealth came so suddenly and unexpectedly, I was simply unable to manage it as I was only three months away from turning 19.
At the beginning, I wanted to use the web3 funds to find a dex or cex to earn interest, and then use a small portion of the funds to participate in some early projects.
At that time, the current financial management of OKX and Binance were about 2%-3%. The returns of some on-chain dex were much greater than those of cex. There were also some first-mining coins that could be participated in, but high returns were accompanied by high risks. For some mining coins, I used a small part of the funds to rush to the first mine, and basically they would collapse in 1-3 days and plummet. You are greedy for its high APY, and it eats up your principal.

Hello, this is Colson. I have been on Binance Square for a while. In the future, I will share more about on-chain interaction, investment research and analysis ideas, as well as some personal views on the future trends of web3! I will update based on my personal experience, my personal views on the future development trends of web3, and on-chain interaction strategies. You can first look at my Twitter signature to get a general idea about me.

Personal experience

I first got to know the web3 industry in 2016

The first time I knew about BTC was when my father heard from relatives that the MMM financial mutual aid platform made money quickly and safely, and needed to use BTC as a transmission medium to complete tasks, similar to passing the parcel, passing BTC to the next person assigned by the platform to obtain the income allocated by the platform. At that time, BTC was only about 450u. Later, I began to learn about BTC through Wikipedia, which opened the door to enter web3.

Article type: Popular science and investment research long articles
Reading time: 5min+

Financing:

Co-incubated by Binance Labs
Layer 1 blockchain Initia has completed a $7.5 million financing round, which was co-led by Delphi Ventures and Hack VC, with participation from Nascent, Figment Capital, Big Brain and A.Capital. Angel investors include pseudonymous crypto trader Cobie, DCF God, Split Capital co-founder Zaheer Ebtikar, Fiskantes, WSB Mod, and Celestia COO.

What is Initia?

Initia is committed to redefining the multi-chain network experience, providing users and developers with a simplified overall solution by seamlessly integrating architecture, products, and economic systems, reducing the complexity of managing multiple chains.

This issue brings you a detailed explanation of what cryptocurrency market makers are. I believe that reading this issue will be of some help to you in trading in the secondary market!

What are market makers in cryptocurrency?

Cryptocurrency market makers are important brokers who introduce tokens to cryptocurrency trading platforms such as Binance, OKX, Bitget, etc. They are like farmers who deliver fresh fruits and vegetables to supermarkets.

Functions of Traditional Market Makers



1. Providing liquidity: Market makers ensure that there is sufficient liquidity in the market by continuously buying and selling assets. This means that at any time, there will always be buy orders and sell orders in the market, and investors can trade conveniently.

Today a friend in a group posted a project and everyone started discussing it. One of them said that this was a "leek plate" and another friend said that it seemed that a certain exchange and a certain celebrity were also following the Twitter account of this project. Can we just follow it?

So the question is, how do we determine whether a project is safe?

And is this project worth participating in? (Preliminary investment research)

Let me give you some identification methods based on my personal experience.

1. First, observe the project’s Twitter registration time to see if it was registered recently or even just this month.