CRYPTO | PERRY

Weekend thoughts 💭 Sometimes people ask about my weekends or what I do in my "free time." That phrase always puzzles me — free from what? From business, from my craft? What I do is my life. It's the first thing I think about when I wake up and the last thing I consider before sleeping. That's how big achievements things are done. I'm always on, always online, answering every message, offering and providing help. Lately, my focus has shifted primarily towards developing BingX as a partner, but I'm still here, always reachable Each day starts with over 20 unread messages from colleagues discussing algorithms, copy trading, building, and brainstorming. Most of my time — 90% of it — is dedicated to planning the future Once, when someone asked, "What do you do?" I responded instinctively: "I search for diamonds for my circle, people with whom I can move forward in life" And here's a little secret about how I manage to meet such remarkable people and grow connections across the crypto space: I always consider my partner's benefit first. In doing so, things naturally align in my favor eventually. I'm not just building a business; I'm fostering genuine, brotherly relationships Everything that's merely quantified on spreadsheets or calculators lacks weight and doesn't hold up long-term. Because there will always be a more attractive offer or better conditions elsewhere ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY

Speaking of timing... Had I just mentioned that we are not that far off the ATH, as we've got some interesting red candles on the charts. And this is a perfect reminder how it will be when we hit the true bull run. It will look greener than freshly cut grass on the bigger timeframes, but occasionally there will be still some drops of spilled blood during minor corrections. You need to keep your cool at some reasonable level even when the euphoria hits the markets and your head I think it's also a great parallel with life, as in your good periods, when you hit personal milestones, reach your goals and whatnot, there are still days when you feel down and want to let everything go. But life is not about letting it go, is it?

It ain’t about how hard you hit. It’s about how hard you can get hit and keep moving forward - Rocky Balboa

There are a lots of narratives around, influencing the market, from Mt.Gox process to US election campaign turbulence, but in general, its just a drop compared to the river we'll see. It will flood, but you gotta know how to swim in order not to drown. I heard bags help you to stay afloat 😏 Keep your eyes, mind and heart open, and don't make rush uneducated decisions if you are not ready to bear the consequences ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY

Importance of timing ⏳ In the grand tapestry of life, timing is a crucial thread that weaves our experiences together, shaping our destinies in profound ways. Recently, especially considering all the recent events, I thought about the importance of catching the correct timing. I'm talking all kinds of it, from epochs that we are graced to live through and experience, to split seconds that decide your fate. Just think about it. All actions, large or small, have its own consequence and birth different opportunities Consider the epoch we live in — a time of a true financial revolution. Being born during such transformative period offers unique opportunities and challenges. Much like the Renaissance or the Industrial Revolution, our era (even though 'eras' are way shorter now) is full of rapid advancements and paradigm shifts, even defined by them. Experiencing these epoch events firsthand drives us towards new frontiers, providing a front-row seat to the rewriting of economic rules. You and I are part of it. The present moment is fluid, and you gotta catch the rhythm There is also an intrinsic need to seize the moment, to act upon an opportunity once it presents itself. We are talking about the opposite of epochs now — split seconds, moments of flash thoughts running through your mind and engaging your neurons, pushing triggers in your body to do something proactively or react. In some cases, such decisions can be a thin line between life and death, making your slight head turn being the differentiator between your skull and a bullet. In the fast-paced world of crypto and finance, split-second decisions can mean the difference between wealth and ruin Amidst the urgency of seizing the moment you think is worth seizing, there lies the equally crucial importance of knowing when to pause. When our blood boils with excitement or fear, our judgment can become clouded. So, in some moments, especially when you are inexperienced and uncertain, it's worth to listen to someone who's been here before. In the volatile landscape of cryptocurrency, where fortunes can be made or lost in an instant, these principles of timing are more relevant than ever. Almost no one saw the market 'bloodbath' that we lived through at the end of June - beginning of July. And look at us now, reborn, not so far from the ATHs again I hope you made it through, kept your bags and are ready to seize the moment that is coming 🤔 P.S. Let us all have the serenity to accept things we cannot change, the courage to change what we can, and the wisdom to know the difference ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY

The Importance of Knowledge 📚 The educational series #welcometocrypto has come to a close for now, but don't worry — I'll continue to share plenty of educational posts on various topics in the future, just in a different format, as I did for years. I noticed that only a few brave warriors managed to absorb all the knowledge and resources we covered, just as I anticipated and told you in the beginning of it. In the long run, it's crucial to invest time in learning new things or refining your existing skills. Our brain is a tool that needs to stay sharp, or we risk losing our edge. And in the world of crypto, maintaining that edge is vital Being an expert, having the right connections, and spotting emerging trends all require significant knowledge. Sure, you might get lucky occasionally, but math and statistics show that consistent success requires more than just luck. That's why continuous learning is so important, and why I devote time to both educating myself and others, mentally and spiritually. Progress doesn't happen on its own or overnight — it's the result of consistent compound effort, so don't neglect even small steps towards improvement This series was timed almost perfectly for the window I told you to get away from charts and zoom out (exactly as I did). Now, you can benefit from this by deepening your understanding or by sharing this knowledge with someone you know who's just making their first steps or is about to make them. This can help avoid serious mistakes down the line and provide some advantage over other people in the industry P.S. I encourage you to be the change you want to see in the world. Offer opportunities, share knowledge, and help others without expecting anything in return. The universe will reward you tenfold. Remember, the market is part of this universe too. You are welcome to draw your own conclusions ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY

Blockchain Tools - part 4 To finish up the non-EVM blockchain tools, we have TON and, of course, Bitcoin -> TON (The Open Network) 💎 TON is natively integrated into Telegram (which I think is the best social platform right now, that's where you read this, so you might thinks this too), with Notcoin and The Open League onboarding users. On 31 October, TON set a world record with 104,715 transactions per second in a public stress test. It uses a unique sharding mechanism where additional blockchains (workchains) are deployed as the network is loaded. With the start of the Open League, ecosystem's TVL and other metrics have grown significantly, so there are lots of projects there that gain traction now Wallets: Tonkeeper, MyTonWallet DEXs: DeDust, STON.Fi NFT Marketplaces: GetGems, TON Diamonds Bridges: TONbridge, Rubic, XP.NETWORK, Orbit Bridge Features: sending crypto (as invoices) using @send and @xrocket -> Bitcoin 🪙 I hope you remember, that Bitcoin started with literally 1 function and objective, so it's primarily known for transfers between wallets. There are no smart contracts involved, just a ledger of transactions. However, some brave warriors decided to expand it and developed Ordinals

This unique system of sorting satoshis (the smallest unit of bitcoin) allows for creating NFTs on the Bitcoin blockchain. Users can add inscriptions on satoshis in form of text or images making it all possible

This has spurred ecosystem development, including L2 solutions being developed and deployed Wallets: Xverse, Unisat DEXs: Thorchain NFT Marketplaces: Magic Eden, OKX NFT Marketplace, Unisat, Ordinals Wallet Bridges: Core Bitcoin Bridge, Rootstock Powpeg Bridge, but in case of BTC it's easier to use CEXs Of course this list in non-exhaustive, as it's impossible to cover all existing blockchains in any reasonable format. So if you need resources for some specific blockchain not from this list, you can use - for bridges - DefiLlama - marketplaces and other tools - DappRadar - monitor market for prices and projects' activities - DropsTab Save these posts, share them when needed and feel free to come back here anytime you need, it was all composed for your benefit and education 🤝 ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Blockchain Tools - part 3 Non-EVM Blockchains. You could notice, that lots of EVM-compatible chains often share the same tools, similar products. Well, it's a whole different story here with non-evm chains, as they are not as standardized, so it adds additional sense to have such a post you can refer to once the occasion arises -> Solana 🧬 Solana is an open-source L1 blockchain created in 2017, known for its very cheap transactions. It became very popular with NFT and meme/shitcoins. Over the last year, SOL, its native token, has shown incredible growth from about $8 to $200 and is being traded at ~$170 at the time of writing. It certainly is one of the most popular chains now Wallets: Phantom, Solflare, Backpack DEXs: Jupiter, Kamino, Raydium, Meteora NFT Marketplaces: Magic Eden, Tensor Bridges: Portal by Wormhole, Allbridge Core Features: SOL-INCINERATOR (burning unwanted coins, nfts, and scammed projects to reclaim some SOL) -> SUI 💧 SUI is an L1 blockchain that is primarily known for gaining attention with everyone expecting their airdrop, which eventually resulted in allocation sales Wallets: Martian Wallet, Sui Wallet (browser extension) DEXs: Cetus, FlowX Finance, Turbos NFT Marketplaces: BlueMove, Clutchy, Hyperspace Bridges: PortalBridge -> Aptos 🌑 Aptos is an L1 blockchain and a direct competitor to SUI. It claims a current max TPS (transactions per second) of 130,000 with potential to 160,000, compared to Bitcoin's ~7 TPS, and the VISA payment system's 24,000. Aptos once gave away a $1000 drop for minimal activity, which was welcomed by the community Wallets: Martian Wallet, Petra DEXs: LiquidSwap, Cellana Finance, PancakeSwap AMM, Sushi Aptos NFT Marketplaces: BlueMove, Topaz, Mercato (now TradePort) Bridges: APTOS BRIDGE, Liquid Swap -> Starknet 🚀 Starknet is an L2 blockchain that is not EVM-compatible, using rollup technology similar to zkSync. It had a controversial token drop, when lots of members were disqualified from it Wallets: Argent, Braavos DEXs: Nostra, Ekubo, mySwap, JediSwap, 10KSwap NFT Marketplaces: Pyramid Market, Flex Bridges: Starkgate, Orbiter Finance P.S. We'll finish up in the next, and last, chapter of blockchain tools. This will mark the end of this long, but necessary, material ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Blockchain Tools - part 2 Continuing on EVM-compatible blockchains and tools you can use with them -> Avalanche 🔺 Avalanche is an open-source blockchain platform for deploying public and private blockchains within a scalable ecosystem, with a well-developed NFT sector. It consists of: - Platform Chain (P-Chain): manages metadata, coordinates validators, and tracks subnets - Contract Chain (C-Chain): allows the creation of Ethereum-compatible smart contracts - Exchange Chain (X-Chain): provides tools for exchanging data between subnets and creating interchangeable tokens and NFTs DEXs: Trader Joe's, Pangolin, Balancer V2, Dexalot NFT Marketplaces: OpenSea, OKX NFT Marketplace, Element Market, NFTrade Bridges: Circle CCTP, Stargate, Avalanche Bridge, Symbiosis -> Polygon 🟣 Polygon is a sidechain for Ethereum, known for its very cheap transactions, making it popular for GameFi where lots of transactions are needed DEXs: Uniswap, Quickswap NFT Marketplaces: OpenSea, Rarible Bridges: Stargate, Polygon PoS Bridge, Circle CCTP -> Optimism 🩸 Optimism is an L2 blockchain that uses Optimistic Rollups technology to reduce transaction fees by tenfold compared to Ethereum’s L1 network. It gained significant attention with its airdrop at the time as well DEXs: Uniswap, Velodrome, Beethoven X NFT Marketplaces: Opensea, Element Market, Vipe Bridges: Stargate, Orbiter Finance, Hop, Optimism Gateway -> Blast Blast is an L2 blockchain that has seen rapid growth due to its founder promising a substantial airdrop for users and builders (up to 50% of the reward pool). This young blockchain offers many farming opportunities DEXs: Thruster, Ambient, Blasterswap, BladeSwap NFT Marketplaces: Opensea, Element Market, Wen Exchange Bridges: rhino.fi -> zkSync Era zkSync Era, as all L2 solution nowadays, is designed to scale Ethereum, featuring zkEVM technology that combines ZK-Rollup validation with the Ethereum Virtual Machine for high-speed block verification. Yeah, lots of new technologies names (with one primary theme - zero knowledge proof) that you are free to explore, as it might be the future DEXs: SyncSwap, Maverick Protocol, PancakeSwap NFT Marketplaces: Element Market, OKX NFT Marketplace, zkMarkets Bridges: zkSync Era Bridge, Orbiter Finance, rhino.fi ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Blockchain Tools - part 1 Here I'll cover basic tools (wallets, DEXs, bridges, NFT marketplaces) for popular blockchains. Of course you can get needed service/instrument from the previous posts based on their utility. But it also makes sense to have them sorted by blockchain, as you sometimes need to work only within specific blockchain, so instead of going through all the services and checking whether they work with your chain, you could just refer to these posts and find exactly what you need for the blockchain you need -> EVM. Not a blockchain itself, but I think it's needed to remind you that a single wallet can be used for all EVM networks. Here are the best EVM wallets: - Metamask (most popular) - TrustWallet (multi-currency) - Rabby (more advanced features) These can be used for any of the following blockchains: Ethereum, BSC, Arbitrum, Base, Avalanche, Polygon, Optimism, Blast, zkSync Era -> Ethereum 🪙 The second-largest blockchain by capitalization and probably the most influential, with numerous projects and hundreds of L2 networks built on it DEXs: Uniswap (largest by volume), 1inch (aggregator, best rates) NFT Marketplaces: Opensea (largest by volume), Blur (more convenient, low commissions) Bridges: Stargate, Connext -> BSC 🪙 A child of Binance, BSC is a fork (copy) of the Ethereum blockchain designed for low fees and fast transactions. It's popular for DeFi farming, P2E, and other projects DEXs: 1inch, Pancakeswap, Bakeryswap, Biswap NFT Marketplaces: Opensea, Element Market, Airnfts, Bakeryswap Bridges: Stargate, PortalBridge, cBridge, Octus Bridge, Synapse, Meson -> Arbitrum 🏧 An L2 blockchain that addresses scaling issues by processing transactions off the main network and sending transaction data to Ethereum in batches, speeding up transactions and reducing costs. Known for the $ARB airdrop to 600,000 wallets. DEXs: Uniswap, Camelot NFT Marketplaces: Opensea, Tofunft Bridges: Stargate, DODO, Synapse, deBridge, Arbitrum Bridge, Connext , Circle CCTP, Orbiter Finance, rhino.fi -> Base An L2 blockchain launched on August 9, 2023, by Coinbase (110 million verified users and over $80bn in assets) in partnership with Optimism. Recently, it has seen many memecoins and NFTs. DEXs: Uniswap, Aerodrome, Sushi, BaseSwap NFT Marketplaces: OpenSea, OKX NFT Marketplace, AlienSwap, Lifeform Bridges: Stargate, BaseBridge, Orbiter Finance, LayerSwap, Rango Exchange ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

🔗 Useful links in crypto - part 3 Here is last bunch of main links that will prove themselves helpful on your crypto path -> DeFi Analytics. Rarely needed at the beginning, but incredibly helpful down the line, as these analytics services are essential for advanced work in crypto. • defillama: this site aggregates crucial DeFi information like TVL (Total Value Locked) of blockchains and DeFi applications. As I said, you might not need it at the very beginning, but it will become indispensable later. For instance, if you need to find the most liquid DEX on the Aptos blockchain without a token, Defillama will be perfect for the task. Think of it as a CoinMarketCap specifically for DeFi • dune: Provides dashboards with on-chain analytics for major EVM blockchains. Why do you need this? Suppose you want to find out how many active wallets have used DEX Uniswap — Dune is perfect for that. The only catch is that you need to know how to compose dashboards in SQL (this is query language to work with databases, but it's not that hard). However, the beauty of this site is the plethora of public dashboards created by other users. For example, you can easily find the number of users on Uniswap through an existing dashboard like this • dextools and dexscreener: these two sites offer ultimate DEX dashboards where you can conveniently check coin charts, trade them, and more. Why are they necessary? DEXs often lack user-friendly features and decent graphics, but Dextools and Dexscreener provide everything for convenient trading. Plus, they are aggregators of DEXs, allowing you to buy any coin on any network all in one place -> NFT Marketplaces. Yes, the exact place where the infamous NFTs are being traded - opensea: EVM and Solana. It's the most popular NFT marketplace worldwide. Initially, it was exclusive to ETH but now supports 10 EVM networks and Solana - opensea pro: ETH and Polygon. A subsidiary of Opensea, it aggregates 170 NFT marketplaces - blur: ETH. This platform is both a marketplace and an aggregator. It disrupted Opensea's dominance with features like airdrops to users and nearly zero commission - magiceden: Solana, ETH, BTC, and Polygon. It's the largest NFT marketplace on Solana and recently added three new chains - tensor: Solana. It's gaining traction lately, taking market share from MagicEden - tofunft and element market: both support EVM. These marketplaces are relevant for networks considered less popular for NFTs (usually anything but Solana and ETH) -> Handy services. Crypto is vast, and various services have been created by enthusiasts to facilitate work in this space, and make your life easier in some scenarios. Here are some common ones: • disperse: ideal for distributing salaries (real-life example) in crypto or just sending tokens to multiple addresses at once in general. For example, if you are managing 30 employees and need to distribute their pay in crypto, Disperse simplifies the process. Just enter the addresses and amounts needed, and sign the transaction. • revoke cash: when exchanging tokens on a DEX, you typically need to give an approval and do a swap. An approve grants the smart contract permission to use a specified amount of a token. This can pose risks if not managed properly. Revoke Cash allows you to remove these approvals on EVM networks, enhancing security. An alternative service to De.fi that we mentioned in the series • chainlist: enables quick switching between all EVM networks in Metamask. Instead of finding 4-5 different parameters (network ID, RPC, etc.), you can switch networks with one click using Chainlist • etherscan gastracker: essential for tracking gas fees on the Ethereum network. This site provides real-time gas fee information so you can always get this data there P.S. I will also compose some posts on main instruments useful for each blockchain, and we'll be wrapping up the series shortly 🤓 ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

🔗 Useful links in crypto - part 2 Continuing on useful projects to utilize during your crypto journey -> Research - tweetscout: a tool for finding early-stage projects based on Twitter activity. Highly recommended with a free trial version - dropsearn: a service for finding current crypto activities - nodesguru: the best service for setting up nodes, offering guides and support -> Investment Tracking. There is a common belief in the community that if huge funds have invested in the project, it will bring good returns to you as well, if you manage to get in. And this is mostly true. Thus, tracking investments from large funds can be insightful, so here are the best sources for that: - cryptorank: the largest database of venture capital investments in crypto, tracking over 8,000 crypto funds and adding new funding rounds daily. This platform also offers analytical dashboards and other useful crypto analytics features - crunchbase: this is all-in-one tool basically, a comprehensive database for checking project details, useful for both crypto and web2 projects. Try to use it yourself, wander around, and you'll see the amount of value there is -> Decentralised Exchanges (DEX). A DEX specializes in direct transactions between users without depositing coins or trusting a third party, making exchange directly on the blockchain. The process: connect your wallet, choose a pair, swap, confirm two transactions (approval and swap), and voila! You have your desired crypto.

Yes, in addition to the swap itself (buy or sell transaction) you need to make an approve. Roughly speaking, an approve gives the smart contract permission to use a certain amount of coins from your wallet. If I give an approve for 10 USDT and I have 90 USDT on my wallet, then the remaining 80 USDT cannot be used by the smart contract - it has no permission to do so

Here are the most popular DEXs: • uniswap: EVM. The largest DEX by volume, now supporting 14 EVM networks • pancakeswap: EVM + Aptos. Initially for BSC, now supports 8 EVM networks and Aptos • 1inch: EVM. An aggregator of DEXs, finding the best and cheapest paths among all available DEXs, operating on 12 EVM networks • raydium: Solana. The largest DEX on Solana • jupiter: Solana. An aggregator of DEXs on the Solana blockchain Crypto is not limited to EVM's and Solana, so for other networks, look for DEX's here, and aggregators here (you can filter them by needed chain) -> Bridges. How do you transfer money from say an ETH network to a BSC? A novice would most likely turn to a centralized exchange, deposit the coin there and withdraw it using another network. This is certainly a good option, but you trust your funds to exchange in the moments. If you want to avoid it, you can use bridges. Here are the most popular ones: - orbiter: EVM. One of the largest bridges, supporting multiple EVM networks - jumper: EVM. An aggregator of bridges, offering the most favorable routes - bungee: EVM. Analog of jumper, also an aggregator - portalbridge: EVM + Solana. Transfers between Solana and EVM, requires VPN in some regions For other chains, just search for bridges that could provide necessary functionality here or here ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

🔗 Useful links in crypto - part 1 In the next few posts, I will simply collect useful links from all previously shared educational posts for you so that you always have them at your fingertips and can easily and systematically refer to them depending on your query -> Cryptocurrency ratings and charts - coinmarketcap: one of the most popular sites in crypto, allowing you to check the price, capitalization, trading volume, and other metrics for a particular coin. You can also maintain your own crypto portfolio - coingecko: a direct competitor to CoinMarketCap. It’s not particularly different but seems to be more accurate due to different data acquisition methods - cryptorank: another competitor with two killer features: 1) statistics of many ICO/IDO and launchpads, 2) extensive information about fundraising (investment in projects) - dropstab: similar to the above but includes unique features like a calendar of coin unlocks - tradingview: not a competitor to the sites above. TradingView allows you to build cryptocurrency charts with various tools like squares, triangles, candles, bars — perfect for traders -> Explorers. A blockchain explorer is a tool or website providing detailed information about blocks, transactions, wallet balances, etc. When active, a crypto user will use the explorer almost daily: etherscan: explorer for Ethereum bscscan: Binance Smart Chain arbiscan: Arbitrum solscan: Solana For other networks, just google "blockchain name explorer," but be cautious of scam links that can be promoted via search engines -> Wallet and portfolio trackers. Wallet trackers are essentially explorers but more convenient and user-friendly: - debank: one of the coolest trackers for EVM wallets. Enter your address, and the site shows all your coins and positions in DeFi protocols across almost all EVM networks—a great tool for everyday usage - zapper and zerion: direct competitors to Debank - coinstats: an ultimate tool that connects to CEX exchanges, automatically tracking the assets you buy, and regular wallets (not just EVMs) and more. Indispensable for investors and traders -> Calendars coinmarketcal and coindar: calendars for major crypto events — listings, token burns, AMA sessions, and more vestlab.io: specializes in tracking token unlocks. Very useful for active investors who track and invest into multiple project sales -> Crypto wallets • trustwallet: Multi. A multi-currency wallet for almost all networks and devices (Windows, MacOS, iOS, Android). It’s comprehensive but might not be suitable for specific tasks • metamask: EVM. The basis for EVM. The most popular wallet with extensive settings and possibilities • rabby: EVM. Wallet and direct competitor to Metamask. It’s more complex for beginners but offers many useful features for experienced users • phantom: Solana + EVM. The most popular Solana wallet, also supporting EVM. Convenient but occasionally laggy • solflare: Solana. Solana wallet, more reliable in emergencies • backpack: Solana. A new trendy wallet for Solana, gaining a lot of hype recently For other networks, trust the blockchain's official recommendations. For example, need a wallet for Starknet? Visit the blockchain's official website and go to the Wallets tab to see compatible wallets -> Cold Wallets. Cold wallets are much more reliable as they are not constantly exposed to the Internet and are used for passive storage of large sums of money. Major manufacturers include Ledger, SafePal, Tangem, and Trezor. They typically cost between $50 and $200, a small price for storing large amounts of crypto ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Ambassadorship 🥇 This is an interesting option when you either already have some social capital or you want to dive into the world by actively interacting within the project and representing it in some way — you start doing valuable work for projects and can receive a) a fixed salary or b) rewards in project tokens, depending on the project and their model An ambassador can be someone who: • Promotes the project on social media enthusiastically • Creates content for the project (articles, diagrams, videos, etc.) • Assists the project team with minor organizational tasks (community calls, quizzes, chat moderation, etc.) • Develops the project and its ecosystem (e.g., if you're a programmer contributing useful code) In essence, it’s like free labor fueled by enthusiasm. Projects usually don't promise anything to ambassadors upfront, but it can sometimes lead to substantial rewards. For example, the Moonbeam project allowed to earn $20,000 in 3-4 months by providing allocations from $500 to $2,500 to buy tokens at $0.25, with the possibility of selling them in six months. Another example is the Goldfinch project, which allowed you to earn $3,500+ in a month with about four hours of work each week, mostly writing articles about economics. Their Flight Academy ambassador program became popular due to a dedicated 3% in tokenomics for the community. With $36 million invested in the project, big rewards were predictable and kinda expected there 🤑 How to become an ambassador. There are two main types of ambassador programs: 1. Open programs for everyone, like the Flight Academy from Goldfinch, where clear tasks are available to all participants 2. Closed selection processes, such as the Aleo project, which recruited only those who had shown prior activity — communication, content creation, or team assistance — all before applying. This is a much more common option What does a project ambassador do (we are not talking paid celebrities here)? Being an ambassador is a creative job with no clear-cut tasks; it depends on your ambition and enthusiasm. However, common activities include: - Creating graphics: infographics, animations, branded backgrounds, memes, gifs - Translating articles, news, videos to help project increase reach - Creating video clips - Tweeting, retweeting, and creating Twitter threads - Creating and maintaining social networks for the local project community (if not already done) - Moderating and helping in chat rooms - Proposing and implementing your own ideas for activities or project promotion - Organizing AMA sessions (ask me anything) in other communities Your job/task is to enhance the project and increase its recognition and understanding among crypto enthusiasts to essentially attract new userbase/improve users' experience What kind of profit do ambassadors get? Rewards vary greatly and can be announced upfront or be future-based, depending on the project. Potential rewards include: • Airdrop tokens, which are probably the coolest reward • Allocations for future sales (potential for xs) • Higher positions within the project which essentially leads to better pay • Merchandise, such as clothes or mugs, as a token of appreciation for your work - hardly a profit, but hey, some people like it 😬 P.S. All that was described before in this series sums up the ethical 'earning in crypto' basics part. You might imagine that there are also ways to abuse ecosystem and users, do illegal or highly unethical things, but we ain't going to talk about it here and I don't recommend you doing that as well, as karma is real P.P.S. In the following couple of posts I'll also summarize useful tools for your day-to-day crypto usage so you could always easily get back to them ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

DeFi - part 2 -> DeFi staking. In classical staking the reward is being paid off by the blockchain itself for staking funds in the wallet, there are no 3rd parties, and the funds are always kind of at hand. DeFi staking builds on the concepts of staking and liquid staking but introduces intermediaries — people and organizations that take your coins for a %. The security of the transaction relies on smart contracts and their vulnerabilities DeFi's profitability is significantly higher, and the entry threshold is lower. As a rule, using traditional PoS cannot earn more than 10% annually, especially when considering the need to launch your own validator node or give 5-10% of income to third-party validators. Interest on DeFi staking is accrued daily and is immediately available for reinvestment. Proof-of-Stake guarantees profitability, with risks primarily being a drop in coin value and blockchain hacking. DeFi staking lacks such guarantees and introduces additional risks in return for increased returns ⚖️ There are two main types of DeFi staking: Yield Farming and Liquidity Mining. You can search for differences between them on your own. DeFi staking can be seen as an analogue of a bank deposit — you temporarily block your funds and earn interest. DeFi projects require liquidity, and unlike banks that provide it themselves, DeFi allows anyone to supply liquidity and earn interest Think about why DEXs can facilitate instant transactions. It's because they have a stock of liquidity locked by users, which is utilized by smart contracts. In return, users earn a small commission percentage from each transaction, constituting their income -> Lending. Platforms like MakerDAO and Compound allow issuing loans secured by Ethereum. On second platform, borrowers can also earn as in every lending deal extra tokens are being generated that can be used to pay for exchange services 🤑 This earning method is akin to bank lending: users borrow assets, leaving collateral. DeFi, however, offers a more interesting model without requiring passports or credit history — anyone can lend money at interest, mediated by smart contracts. Essentially, you provide assets on special platforms, and smart contracts lend your funds to other users who have put up collateral, usually more than 100% of the borrowed amount That's a general description of DeFi, there are much more details in this topic, as in any other. And you are always encouraged to learn more on your own ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

DeFi - part 1 DeFi stands for decentralized finance, you already know that. If you need a refresher on what it is, get back to this post DeFi is essentially traditional finance implemented in a decentralized world. You can trade on DEXs without creating accounts, borrow without verification, lend coins to earn interest, and much more. All of this is done through smart contracts, making everything super transparent 🤑 In a nutshell and to put it very simply, DeFi offers opportunities for passive earnings. You invest your money into some protocol and watch the interest accrue as protocol does all the job. While I've never farmed in DeFi myself, I have some insights to share with you There are several options to 'grow' your money in DeFi. Here are the main ones: - Staking - Liquid staking - DeFi staking: yield farming + liquidity mining - Lending Although these terms might sound a bit complex, they all share a common theme: you lend your liquidity to someone for a period of time and earn a commission for it -> Staking. Staking is based on the Proof-of-Stake (PoS) consensus mechanism. Remember, unlike Bitcoin's Proof-of-Work (PoW), which requires massive computational power, PoS blockchains like Ethereum and Solana work by temporarily locking up coins (ETH or SOL respectively) on many computers. In return, people who stake their coins earn rewards from the blockchain itself You can explore popular staking opportunities at https://www.stakingrewards.com. For instance, staking 1 ETH might yield about 1.0309 ETH after a year. This is easy money as you don't have to do anything, but the catch is that the price of ETH could fluctuate significantly and you couldn't do anything with your coins while they are staked - locked in the smart contract. But if you believe ETH will be worth much more in 5-10 years, staking is a great option to earn extra coins 'out of thin air' -> Liquid staking. Direct staking has a high entry threshold; for example, Ethereum requires 32 ETH (around $100,000 at the time of the publication). Liquid staking protocols solve this by pooling contributions. Here's how it works: • A pool collects ETH from contributors • Once 32 ETH are gathered, the project handles the technical staking • The project takes a small commission (e.g., if direct staking yields 4% annually, the project might take 0.5%, leaving contributors with 3.5% to split) • The profits are divided among the investors P.S. We'll finish up with DeFi in part 2 tomorrow ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Arbitrage 📈 You might have heard of P2P arbitrage, but today we're diving into a different kind of arbitrage. Cryptocurrency arbitrage, or inter-exchange arbitrage, is the process of taking advantage of market by buying a cryptocurrency at a lower price on one exchange and selling it at a higher price on another. It's straightforward: if Bitcoin (BTC) costs $10,000 on Binance and $11,000 on Huobi, you buy it on Binance, transfer it to Huobi, sell it, and pocket the $1,000 profit or 10% gain (minus commissions, of course) Types of arbitrage situations. To understand why price differences occur, we need to consider a few factors. Cryptocurrency markets and our world are imperfect. It takes time for prices to stabilize during market upheavals, creating a window for arbitrage opportunities, even though we have fast computers and various APIs of data providers to do so, discrepancies still exist. Here are some common causes: 1. Abrupt price changes: a quick price change (both rising and falling) on one exchange can create arbitrage opportunities. For instance, a large market order by a trader can shift the market price significantly 2. Low-liquidity exchange: sometimes, one exchange in the pair is illiquid, causing the asset price to be slightly lower than on another exchange. This situation is pretty rare but does happen 3. Token listings: when a token is newly listed, trading volumes surge, and prices can vary across exchanges. For example, during the launch of the $JUP token in January 2023, you could buy it for about $0.5 on DEX Jupiter and sell it for $0.7 on Bybit. However, listings can come with issues like withdrawal restrictions 4. ⌨️Hacking or scamming: this scenario can be the most lucrative of all opportunities. If a project gets hacked or turns out to be a scam, its token's price can plummet almost instantly. Tokens like Luna, GALA, and CRV have dropped 99% within hours. During these events, tokens can often still be sold at pre-crash prices on some exchanges An Example of an Arbitrage Situation. One notable example involves the GALA project. On November 3rd, 2022, a hacker exploited a vulnerability in GALA’s contract to mint a large number of tokens, which they then dumped on the market, causing a significant price spread between Huobi and PancakeSwap. The GALA token's price dropped to almost zero on PancakeSwap but remained significantly higher on Huobi. Information began to spread that you could obtain GALA token on PancakeSwap for $0.00...02 and those tokens still could be sold at Huobi for $0.02. Arbitrageurs quickly bought the cheap tokens on PancakeSwap and sold them on Huobi for a profit, sometimes earning 10-20 times (or even more) their investment within minutes. The hacker continued dumping coins into market, providing an incredible opportunity for arbitrage, allowing arbitrageurs to keep exploiting the price difference and making substantial profits 📈 In such situations, your main tools are speed and preparedness. You need to a) get an info and b) execute on it. So you need both informational resources/inner circle sources and ready to go accounts on multiple exchanges, if you wish to ride this high wave once it appears and not drown ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Play-to-Earn 🎮 - part 2 Here is a promised 'but' to most of the P2E projects. There is an aspect to consider beyond just farming in-game currency: earning with in-game NFTs. Yeah, the same NFTs we just recently described. You can buy NFTs that provide various boosts and advantages in the game. For example, this beaver NFT might give a 20% boost to wood gathering. Crafting this NFT costs 50 SFL and 200 wood in the game, or you can purchase it directly on OpenSea. The current price of $20 for this beaver is much more attractive than farming SFL tokens time-wise, doesn't it? Moreover, many P2E games have an NFT upgrade system. For instance, you can improve your $20 beaver, make it a better one and potentially sell it for $1200. Thus, in Sunflower Land, crafting and selling NFTs on the market can be more profitable than farming tokens, though this can vary with different P2E games, so it makes sense to see which options there are in a P2E project before going full send on making in-game actions The example I provided illustrated a typical P2E game, where you buy, upgrade, and sell items for profit (or sometimes loss). Most P2E games follow this general mechanic, but there are also other varieties where you perform different actions instead of traditional gameplay. These include Move-to-Earn and Learn-to-Earn games A well-known example of a Move-to-Earn project is Stepn that was overhyped in 2022. The mechanics of Stepn: - You buy an NFT shoe (sneaker) 👟 - You go for a walk or jog with the app turned on for a certain number of hours - You earn tokens While it's still a P2E model, it requires real-world actions rather than just in-game activities. And you can find this type of process gamification in many projects Keep in mind that the players who make the most money from P2E games are usually those who enter the game at the very beginning. Early players benefit from low token prices and valuable NFTs, making it highly advantageous to be among the first to join a new P2E game ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Play-to-Earn 🎮 - part 1 You might see an abbreviation like P2E, which literally means "play to earn," and that's exactly what it is. Unlike regular games like League of legends, CS2, PUBG, Fortnite and others, which are purely for entertainment, Play-to-Earn games are designed to make money. The process typically looks like this: - Buy in-game assets: purchase NFTs and in-game coins with real money. For example, an NFT could be a knight's sword, and a coin could be gold used to upgrade your character - Level up: play the game and improve your character or assets - Earn rewards: receive tokens as rewards for your progress - Sell tokens: convert your tokens to regular cryptocurrency - Profit: enjoy your earnings 🥇 A prime example of P2E is the legendary Plants vs. Undead game (don't confuse with regular Plants vs Zombies), where players earned rewards by maintaining a virtual farm. Many people made significant money through this game, sometimes exploiting bugs to maximize their rewards P2E mechanics by example. Let's take the game Sunflower Land as an example. This game operates on the Polygon blockchain (native coin: Matic). Entry costs only 1.5 MATIC, roughly equivalent to $1 USDT. In all P2E games, you need to link your wallet to the within a correct network (blockchain). Typically, the game will request access to your wallet when you visit the site, but you can also connect manually via the "Connect Wallet" option. Once your wallet is connected, you can enter the game and see your farm The primary goal here is to grow crops and sell them. The main currency is the SFL token, displayed in the upper right corner, and all buying and selling actions are conducted with this token. At the start of the game, you are given 1 SFL. You have beds to plant seeds, which you can buy from a shop. The shop offers 10 different seed types, each with varying prices, growth times, and selling prices. The more effort required to grow an item, the higher its selling price. Therefore, the more frequently you play, the more profit you can earn by choosing the most lucrative options. These are the basic mechanics, but many P2E games, including Sunflower Land, have deeper economic strategies that affect the overall gameplay and economy Profitability, is it even worth it? The most interesting aspect is how long it takes to recoup your investment - your time also has a value, so it makes sense to consider it, even if there are no monetary inputs being made upfront. Checking CoinMarketCap, the SFL token price is approximately 0.05 USDT (at the time of writing, when altcoins are in a significant price drawdown). Considering the game's mathematics, it becomes clear that playing solely for SFL token farming is unprofitable, potentially requiring thousands of days to earn just $500. However, there is a significant 'BUT' - due to post length limits, it will be in part 2 😅 ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Memecoins/Shitcoins 🐕 - part 3 -> Buying at Listing. If you don’t have a whitelist and don't want to flip, you can buy the token at the listing time. How listing works: - A token smart contract is created - This contract then posted on the shitcoin's social networks (tg/twitter) - At listing moment, nowadays it's almost guaranteed, bots buy the shitcoin at the lowest price. The purchase happens in the block at the start of the auction (this block contains buy/sell transactions). So, the listing starts in the BLOCK around 12:00 for example, not exactly at 12:00 since it's not always possible technically to do so at sharp time - Those who managed to get in the block and buy with bots' help, get out using those who buy manually via some DEX - profit 😅 How to search for shitcoins you ask? Opportunities can be found in three main places: 1. Influencers: A coin might buy ads from some internet personality, or the influencer might even create their own token. Your task is to buy it quickly at the announcement and sell to the crowd 2. Private channels: private channels supposedly have private information. People there can share interesting shitcoins to keep an eye on. They might first share with the private channel and then with the public. Private channel participants profit, while the public channel users get in later and lose. It doesn't mean that being in some random private channel guarantees that you'll get good calls or opportunities, but you should aware that some coordinated efforts exist in crypto world 3. New pairs tracking: there are bots and platforms that can track all newly created tokens. For example, if someone creates a token named JOHN, it appears in all new coin trackers. These trackers check the token for scams, liquidity, etc., so they do provide instant value to you by helping you either get in early or to avoid scams And you should be aware, as there's a lot of scam in the world of shitcoins. Some shitcoins can be bought but not sold due to smart contract restrictions. Many such scams exist, making shitcoins a literal minefield for you, and you'd certainly need some knowledge to navigate it. You could hear about celeb coins rug pulls, some devs pulling out coins liquidity when the price reaches desired limits, etc. Always DOYR, even when you are gambling and degening with memecoins ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Memecoins/Shitcoins 🐕 - part 2 Types of earning on shitcoins. It's actually very simple. All the earning comes from buying cheap and selling high. That's it, stupidly easy 😁 Our task is to find a token and buy it before it sinks. Basically, we aim to exit before others. Such is life -> Flip. A flip is a quick transaction (a few seconds to a few days). Long-term investment in shitcoins? That's just foolish in 99% cases. Our goal is to buy low and sell high, remember, and when you expose yourself to longer timeframe you might end up on the losing end of the deal Why do shitcoins grow at all? Shitcoins are very volatile, making it easy to pump — increase their price. This is done in the following ways: - Posts in multiple social media: when a token is posted in some tg channel/twitter acc, your task is to buy before everyone else to make several xs. The ones who are slow and late to the party are used as the exit liquidity for those who jumped in early (for us, ideally) - Private channels: sometimes tokens are initially posted in a private channel/chat for 50-100 people. These tokens usually later appear in public channels (Telegram, Twitter, etc.) as well, but you see where the value is to get to know about this stuff as early as possible Our goal in such a situation is to buy the shitcoin as early as possible and exit before others do. Growth is often purely related to social impact. For example, if Elon Musk tweets "PERRY," some 24/7 onliners will quickly create a shitcoin named "PERRY" and it will pump, just like the $GROK token after Musk's AI announcement Some flips happen through bots. For example, a bot might buy a token immediately after a signal to buy is posted in a specific channel. Then, you can sell a few minutes later to those who buy manually, basically making a difference in the time spent for order execution -> Participation in presales. Remember NFTs and whitelists? Whitelists allow you to mint an NFT early, often guaranteeing it. Some memecoins have similar whitelists as well, can you believe that? They allow you to buy a token before its official launch at a slightly reduced price, called a presale. When the token lists publicly, you sell to the crowd. But usually it's not for the general public, so you gotta know the guy who knows the guy P.S. We'll finish with memecoins in part 3 ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Memecoins/Shitcoins 🐕 - part 1 Oh, this is going to be fun, especially now with all the ongoing celeb rug pulls. We’re all kinda responsible for this if you think... In 2009, cryptocurrency was seen as the new frontier for the global economy, emphasizing decentralization and smart money. By 2023-24, cryptocurrency evolved to include tokens honoring dogs, other animals, and more, often reaching billion-dollar capitalizations. In short, cryptocurrency technology isn’t just for innovation; it's also used for fun. Tokens are created in honor of anything, often without any practical use. Why? Because it’s fun!

Shitcoin (or memecoin) – these are coins created for fun with no real prospects beyond hype. The term "shitcoin" literally is a "garbage coin," which gives you a pretty good idea of what it means

Why are shitcoins even created then? For fun and to capitalize on trends. Usually, newcomers buy at the highest price and sell at the lowest, providing exit liquidity for others. Shitcoins are very volatile due to their small capitalization, and some can yield returns of 10, 100, or even 1,000xs. This makes trading shitcoins similar to gambling or investing in NFTs – both areas don’t make much practical sense. And shitcoins usually have a short life timespan - they are created, gain some initial traction and hype through algos/shilling and die once big holders dump their bags/hype fades off Types of shitcoins. Shitcoins often have a minimal idea behind them to differentiate themselves, leading to different types: 1. Infocoins (e.g., GTA6, TRUMP2024) – these are highly news-dependent. Any significant news event can send their prices soaring. Investing in these makes sense prior to events like presidential elections or game releases. But its very akin to the simple gambling via betting providers 2. Memecoins (e.g., Pepe 😊, Dogecoin 🐶) – these tokens often surge based on tweets from influencers like Elon Musk. If Elon mentions Dogecoin or anything related, the price can spike dramatically. An example is the $GROK token, which surged after Elon Musk mentioned they were working on an AI named GROK 3. No-Name Coins – These are created to pump and dump, often lacking any substantial backing. I call them “musical chair coins.” You know that game where you have to get a sit once the music is over? The idea here is everyone tries to profit quickly before the music stops, and someone is always left without a seat (or holding a worthless coin with no demand). Some 'KOLs' make such coins, snipe initial supply, then post about it in their Twitter/TG luring people in and dumping sniped supply on them once it hits 3x-5x or any other number they seem reasonable. But they can always retract and say 'guys, it was multiple xs from my call, not my fault you've missed out' 😕 Be careful of stuff like this What networks do shitcoins use? Currently, there are two main networks for shitcoins: - 🪙Ethereum: an expensive network with historically big fees sometimes, even though now with PoS mechanism gas prices (fees) are pretty low (like $0.2/trx) - 🪙Solana: a cheaper network with transaction costs of less than a cent, making it way more accessible for beginners. The biggest hype for shitcoins is currently on Solana, especially with some platforms that allow to create a memecoin in a very short time for literally anything, which leads to people creating coins for already hyped events, even when they have nothing to do with it However, shitcoins can be created on almost any network. For instance, the Base network is gaining hype now, and a year ago, the Arbitrum network was popular for shitcoins. P.S. A bit on how to play this game with memecoins in part 2 ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto