A total of $7.21B has been lost to hacks and rug pull in #DeFi Here is everything you need to know about rug pull and its signs🧵 Rug pool is a common kind of crypto scam where developers or individuals intentionally manipulate the price of a token or coin in order to deceive investors and make sudden profit at their expense. Rug pools often take place on DEXes where there are fewer regulatory safeguards in place to protect investors.There are two forms of rug pool▪️HARD RUG POOLA hard rug pull is a form of rug pool in which the developers deliberately program the code of their token so that they can steal all of the invested funds.It's as if they've built a trap door into the token's code that they can open at any time to take investor's funds.▪️SOFT RUG POOLA soft rug pull is a form of rug pool in which the developers abandon the project and take investors’ funds.Types of Rug PoolThere are three main types of rug pool ▪️Liquidity stealing is a type of rug-pull where the token creator withdraws all the coins from the liquidity poolThis removes the value that investors added causing the price of the token to crash drastically Liquidity stealing is common in DefiSometimes this is not done by the developer or teamIt could be an attack or hack, the attacker would drain the liquidity in the liquidity pool, I will be sharing the solution to this at the end of the thread▪️Limiting sell orders is a type of rug poll in which developers code the token in such a way that they would be the only party that could sell themDevelopers wait for retail investors to buy into their new crypto using paired currencies. Paired currencies are two currencies that are used for trading. After there's enough positive price action, the developers sell their positions and leave a worthless token in their wake.▪️Dumping is a type of rug pool where the token creator and team quickly sell their own large supply of the tokens, which will lead to the token crash in price and this also leaves the remaining investors with worthless tokensMost times dumping is done after a massive promotion on social mediaThis cycle of a quick price spike followed by a rapid sell-off is known as a Pump-and-Dump Scheme.▪️Signs and signals of a potential rug pool1/Lack of transparency in project details/anonymous creatorMost of the time rug pulls are done by projects with unknown owners/anonymous developers because nobody will hold them accountable if anything goes leftMeanwhile, the owner of the first Crypto $BTC , Satoshi Nakamoto hid his identity 2/ Sudden skyrocket in token priceThis can be a sign of pump before dumpBe cautious of sudden price spikes in new coins,Especially if there is no liquidity locked. Small numbers of coin holders also indicate a higher risk of price manipulation.3/ Limit on sell orderAlways purchase a small amount of the token first.A token creator can decide to restrict the selling ability of certain investorsSelling restrictions are hard to notice unless you buy the token 4/ No TVLInvestors should take TVL into consideration before investingWithout some liquidity-locked, The project creator could easily run off with the entire liquidity in the poolAlways DYOR before investing
MPC involves a private key being broken up into three parts called key shares, with two of the three key shares being controlled by the wallet owner.
MPC stands for Multi-Party Computation, and a web3 MPC wallet is a type of digital wallet that utilizes this technology to enhance security and privacy. 🛡️✨
In a nutshell, a web3 MPC wallet uses cryptographic protocols and distributed computing to ensure that private keys are securely generated, stored, and used. Unlike traditional wallets, which may store private keys in a single location, a web3 MPC wallet distributes the key across multiple parties, preventing any single party from gaining access to it. 🤝🔐
The idea behind this approach is to eliminate the risk of a single point of failure and increase resistance against hacking attempts. It adds an extra layer of protection to your digital assets and transactions in the decentralized world of web3.
Bene, torniamo alla realtà. Tuttavia, considerando il recente aumento del 20%, potremmo non dover aspettare ancora a lungo. Ora, esploriamo i SEI fattori che potenzialmente guidano il trend rialzista
Molti di noi nel mercato ribassista potrebbero aver dimenticato come si presenta un mercato in crescita. Ma l'impennata dei prezzi di ieri è servita da promemoria e ha indotto molte persone a chiedersi: si tratta di un'inversione o solo di un'altra correzione in un trend al ribasso? Credo che questo potrebbe essere l’inizio di un nuovo ciclo, ed ecco perché: Innanzitutto, se 16k non fosse il minimo e il prezzo scendesse ulteriormente, questo mercato ribassista potrebbe diventare il più lungo della storia (oltre due anni; in precedenza, ogni mercato ribassista durava circa un anno). Tuttavia, se il mercato segue i suoi cicli tipici, allora 16.000 sarà effettivamente il minimo, e attualmente ci troviamo in una fase di correzione, che sarà probabilmente seguita da un’impennata.
Tokenization of Assets on the Blockchain is a 4-step process: Authentication, Provenance, Fractionalization, and Trading.
Tokenization of Assets on the Blockchain= Authentication+ Provenance+ Fractionalization+ Trading Tokenization of Assets on the #Blockchain is a 4-step process: Authentication, Provenance, Fractionalization, and Trading. Step 1: Authentication Authentication ensures the legitimacy of the asset being tokenized. This involves: Verification of the Asset: Depending on the asset type, experts ensure its legitimacy e.g. Artwork requires expert validation, while real estate relies on property title verifications.Digital Identity Creation: A unique digital identity for the asset is crafted.Immutable Recording: The asset's digital identity is permanently stored on the blockchain, ensuring a verifiable authentication trail. 2. Provenance Provenance is the detailed history of the asset—its origins, previous ownership, significant alterations, and other critical events. For many assets, like artwork or collectibles, provenance adds immense value and is a measure of authenticity and trust. This involves: History Documentation: Each significant event or change in the asset's life is documented. For artworks, this might include exhibitions, restorations, or sales.Integration with Token: The asset's provenance is encoded into the token, ensuring that its entire history is always linked with it.Immutable Recording: Once recorded on the blockchain, the asset's provenance cannot be altered, ensuring a permanent, tamper-proof record. This offers potential buyers or stakeholders greater trust in the asset's history. 3. Fractionalization This phase democratizes asset ownership by breaking the asset's value into smaller, purchasable tokens. This involves: Dividing the Asset: The asset's total value is fractionalized into individual tokens, each representing a portion of the asset's worth.Issuance of Tokens: These tokens, each bearing a share of the asset's value and rights, are issued on the blockchain.Legal and Regulatory Compliance: Ensuring token issuance and management adhere to legal standards is crucial. 4. Trading Trading boosts the asset's liquidity. This involves: Creation of a Marketplace: A platform, be it a decentralized exchange or a bespoke platform, is necessary for trading asset-backed tokens.Peer-to-Peer Transactions: Direct transactions via blockchain bypass intermediaries, reducing cost and transaction speed.Price Discovery and Liquidity: The easily traded tokens enable better price discovery and enhanced asset liquidity.Redemption and Rights Execution: Token holders can exercise their token-associated rights, such as benefiting from dividends or claiming a portion of the physical asset. Suitable Asset Classes The Asset Classes best suited for Tokenization are: Art & CollectiblesBonds & other Debt instrumentsCarbon CreditsIntellectual Property LicensesLuxury LiquorsPrivate Equity & Venture CapitalReal EstateStressed Assets
L'oro presto supererà i $ 2.100 e poi decollerà. Ti pentirai di aver comprato oro sotto i $ 2.000. Prossima fermata oro $ 3.700. #Bitcoin testa $ 30.000. Prossima fermata Bitcoin $ 135.000. Argento da $ 23 a $ 68 l'oncia. I risparmiatori di dollari falsi hanno fatto un casino. Per favore, di' ai tuoi amici di "svegliarsi". Abbi cura di te. - Robert Kiyosaki
It has been several months since De.Fi SocialFi - the most comprehensive Social Platform of #Web3 . With HUNDREDS of thousands of users already onboard.
With De.Fi #SocialFi, it was possible for anyone to embrace access to an exclusive community, and become a part of it.
De.Fi SocialFi was a place that united everyone: founders of the largest web3 protocols were connecting with the most simple degens, and were getting along to chat, compete for XP, and share some alpha.
The noteworthy aspect of this endeavor is that every member of De.Fi SocialFi has acquired the esteemed "Early Adopter" badge, symbolizing their INVOLVEMENT and proactive CONTRIBUTION to De.Fi during its initial stages.
And this commitment is deeply appreciated.
However, it is imperative to take the next step, advancing our development to attain greater heights.
Therefore, on Friday 27th, De.Fi will STOP the "Early Adopter" program.
Following this date, acquiring this badge will become IMPOSSIBLE.
If you haven't yet claimed your Early Adopter Badge, it's not the most advantageous situation, but there might still be a chance.
Get the code & Claim your Early Adopter Badge!
1) Simply go to https://de.fi/claim/?invite=DEFI-da73a055
THE WORLD IS increasingly designed to depress us. Happiness isn’t very good for the economy. If we were happy with what we had, why would we need more? How do you sell an anti-ageing moisturiser?
You make someone worry about ageing. How do you get people to vote for a political party? You make them worry about immigration. How do you get them to buy insurance?
By making them worry about everything. How do you get them to have plastic surgery? By highlighting their physical flaws. How do you get them to watch a TV show?
By making them worry about missing out. How do you get them to buy a new smartphone? By making them feel like they are being left behind. To be calm becomes a kind of revolutionary act.
To be happy with your own non-upgraded existence. To be comfortable with our messy, human selves, would not be good for business.
Today, let's dive into the relationship between liquidity and market caps in the world of cryptocurrencies. 📈💰
Liquidity refers to the ease with which an asset can be bought or sold without causing significant price movements. In simpler terms, it's about how quickly you can convert your crypto holdings into cash or other assets. Higher liquidity means there are more buyers and sellers in the market, resulting in smoother transactions and narrower bid-ask spreads.
Now, let's talk about market caps. Market cap, short for market capitalization, is the total value of a cryptocurrency. It's calculated by multiplying the current price of a coin/token by the total number of coins/tokens in circulation. Market cap is often used to gauge the size and popularity of a cryptocurrency.
Here's an example to illustrate the relationship: Imagine two cryptocurrencies, CryptoA and CryptoB. Both have the same market cap of $1 million. However, CryptoA has higher liquidity compared to CryptoB. This means that CryptoA has a larger number of active buyers and sellers, making it easier to trade and convert into cash.
Due to its higher liquidity, CryptoA will likely experience smaller price fluctuations and tighter bid-ask spreads. On the other hand, CryptoB, with lower liquidity, may have wider bid-ask spreads and potentially larger price swings when buying or selling.
So, in summary, higher liquidity generally leads to smoother trading experiences and more stable prices, while lower liquidity can result in higher volatility and potentially less favorable trading conditions. It's important for investors to consider both liquidity and market caps when assessing the attractiveness of a cryptocurrency.