CRYPTO | PERRY

$WEST I amass with you constantly, gradually. I'll start writing more actively on it x5-10 from current ones (I don't see the point to do it earlier) It will be interesting 💯 P.S. Buying up to 0.05 is a super conservative entry point P.P.S. I don't see the point in writing obvious things to you, but "Up Only TV" will be on soon, so stay tuned

NFT - part 2 🎨 Now, as promised, a post on main ways to make money with NFTs. There are three main ways to make money with NFTs: 1. Selling Whitelists. Newbies in crypto often start with this method. A whitelist gives you the right to mint an NFT, which can be earned and then either used or sold to someone else who either got unlucky with whitelist alloc, or didn't bother trying, but values the project. Here's an example: Project Memeland was launching its main Captainz collection. A whitelist for this project could be bought for about $600-800. To get a whitelist, you had to be active in Discord, create art, etc. If someone got a whitelist place and sold it to me, I could mint the NFT for 1.069 ETH and sell it the same day for 4 ETH. The breakdown: - Sold for: 4 ETH ($5,600 at the time) - Mint cost: 1.069 ETH ($1,500 at the time) - Whitelist cost: $800 - Net profit: $3,300 Both the original whitelist holder and I could make a profit in that deal. Why couldn't the guy mint an NFT himself? Maybe he just started out and didn't have the funds to spend on minting, or didn't have enough knowledge to understand the instant value in it and it was easier for him to reap guaranteed money from his whitelist place, or he just got to much FUD (fear, uncertainty, doubt) in his head options are plenty Common ways to get a whitelist (even though they may differ from project to project): • Grind: be active in the project's Discord and accumulate messages, helping others to onboard the project • Invites: invite a certain number of 'friends' to the project server • Creativity: create art, songs, tracks, or articles about the project • Participation in mini-games: win mini-games to get a whitelist or some type of future priority • Influencing: if you have an audince, you can post about the project on your social media and get a WL • Raffles: enter raffles on sites like Premint and wait for the results to come (spoiler: they might not come 🤫) To sell a whitelist, you can use OTC (over-the-counter) chats where people trade whitelists and similar items. Basically the concept is that you trade your place with all the necessary data for it to someone with a help of a guarantor. But you need to be careful with this chats, do your own due diligence both for the chat and the admins who act as guarantors in such deals to vet if they are to be trusted for the deal you want to make 2. Mint. Making money on minting involves the difference between the mint price and the selling price on the secondary market. For some projects you don't need a whitelist for minting. The minting process usually has two phases: • Whitelist Mint: reserved for those with a whitelist only, usually covering 50% of the NFTs. The earlier you are - the more chances to make bigger profits, that's why WL minting makes sense • Public Mint: open to everyone, covering the remaining 50% (depends on collection's distribution). However, if the NFT price is high after the whitelist phase, public minting often becomes a bot battle, making it difficult for beginners to participate. Even experienced guys fail at public mints, so it makes sense to prioritize getting WL 3. Investment/Flip. Just the classic of any marketable asset. If you believe a particular NFT collection will grow in value, you can invest in it. This involves buying NFTs with the expectation that their value will increase over time. Flipping is similar but done over a significantly shorter period, from a few minutes to a few days, based on anticipated short-term gains — maybe there is some insider info you read in a private discord and you expect a huge announcement to come out soon that would drive interest into collection And again, again and again — to find a good collection, you've gotta do what? Exactly, DYOR ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

NFT - part 1 🎨 Just three letters, but they hide a lot behind them. As we mentioned earlier in the series, NFTs are non-fungible tokens, usually used for collections of digital images on the blockchain, but the technology is not limited to it. For example, one of the most popular collections is called Pudgy Penguins, featuring 8,888 unique penguins, each with different colors, backgrounds, hats, and accessories One of these penguins can cost around $35,000 with current ETH prices. You might be wondering why anyone would pay that much when you could just download the image (common meme among 'non-believers'. Think of it like real paintings that collectors buy. From my knowledge and experience of my circle, buying these penguins gets you into an exclusive community with builders, project owners, and other influential people. But not all collections are valuable; many are worthless, and that's usually the case especially now, when 'golden age' of NFT is kinda gone (never say never) How are NFT collections created? To understand how to make money from NFTs, you need to know how a typical collection is built: 1. Idea: the creator comes up with a concept for the collection he envisions 2. Building: most NFT collections use the same mechanics. The key is to develop a lore (the story behind the collection), draw traits (parts of the NFTs), and generate the collection. NFTs typically run on Ethereum and Solana, and less often on Avalanche, Binance Smart Chain, and other blockchains 3. Marketing: it's crucial to gather an audience on Twitter, Telegram, and Discord. Without hype, the collection will likely fail 4. Mint:

this is the process of creating an NFT on the blockchain. Minting is done by the community, not the collection owner.

For example, the Murakami Flowers collection has a supply of 11,664 NFTs of cute digital pixel flowers. The community needed to mint these NFTs, but not everyone gets to do it. You must earn the right to mint, known as a whitelist. Each project has different criteria for earning a whitelist. For Murakami Flowers, you had to fill out a form and get randomly selected. Other projects might require you to contribute to the community by creating art, making a Twitter/X thread, etc. Let's say you get a whitelist and now you have a right to mint a Murakami Flower. The mint cost for this collection was 0.108 ETH (~$300 at time) 5. Secondary Market: to make money, you sell your NFT on the secondary market (NFT marketplaces like OpenSea or Blur), which usually opens right after minting begins. Right after minting, you could sell a Murakami Flower for 6 ETH, turning your $300 into about $18,000. And this is a real example! Now items from this collection cost way less, but still above their mint price NFTs were and maybe will be again at some point a thing that can make it or break it for some people in the space. Some would say that it's a scam and useless concept, some would dig in the culture and try to make it 'out of the trenches' with NFTs. It's up to you to choose your path, even the one not mentioned here P.S. A bit on the money-making side of NFTs in part 2 ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Mining and Nodes - part 2 So, to participate in testnet people set up nodes for a not-yet-launched project in its testnet (not mainnet) to qualify for potential airdrops. Sometimes, the rewards are announced prior to testnet participation to drive interest in such an activity Here are some examples of projects' rewards for running nodes on testnet that were already distributed: - Aptos: for running a node and completing an application, they gave 300 tokens, worth about $2100 now - Solana: node operators received almost $100,000 - DYM: node operators were given $100,000 as well - AVAX: each node received 2k AVAX tokens, approximately worth $200k at time - Mina: node operators received 66k MINA tokens, worth about $150k And many other similar projects 🌐 Why do projects need nodes? Projects need nodes for decentralization, even though sometimes they set up most of the nodes themselves. At the initial stage, a project needs to test its network. Renting servers globally is expensive, so they delegate this task to regular users. In return, many projects reward these users with tokens. If the project is successful, the server costs are easily covered, and node operators make a profit too. However, this is not always the case. Sometimes, project creators do not offer any reward, and at best, they might send a T-shirt or cap with the project’s logo 😅 There are two types of testnets: rewarded and unrewarded. Even unrewarded testnets can be valuable. Setting up a node might be one of the criteria for a future airdrop, as you almost never know. For example, Aptos and DYM didn't promise rewards initially but ended up distributing tokens for node running Here are the steps you need to follow to run a node for a project: • Find some great promising projects, for example here • Rent a server: use VPS or VDS services like Vultr, DigitalOcean, Hetzner, or a separate computer. Ensure the machine meets the required specs (RAM, Memory, Cores, etc.). • Follow the project's guide to install the node (software) • Keep the machine running smoothly, update the node, and check its status periodically as the network can be unstable (its testnet after all, it's supposed to break from time to time) • Follow the project's Discord or Twitter for any reward announcements so you don't miss your time to claim what you deserve, if any Node running is often tedious and time-consuming. Some people run nodes for 2-3 years and end up with no rewards. Success depends on the quality of your research and some luck. Projects are usually generous to node runners, especially if launched in a bull market. In a bear market, rewards might be minimal or non-existent, so keep that in mind as well 😬 Which projects to run nodes on? Again, research is the king. As default, look for projects backed by good funds, that don't have extreme competition, look out for announced testnet rewards. It's almost the same as to look for a project to take a part in sale for. As always — DYOR ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Mining and Nodes - part 1 You probably already know what mining is, the chances are you heard about mining farms, electricity consumption involved, money 'appearing from thin air' and everything. Mining is basically a setup where you have some computer hardware in your room, humming loudly and getting as hot as the sun. After a while, you see coins, like BTC, in your cryptocurrency wallet, and you sit back, satisfied 🏝 And, that’s pretty close to the truth To put it in more technical terms, mining involves creating new blocks in the blockchain. This helps ensure the security and proper functioning of the network, protecting it from protocol malfunctions and any accidental or intentional changes. Essentially, miners make the blockchain work, and in return, they earn a commission from the network, which is their profit. The transaction fee you pay in any blockchain is a part of miner's reward Remember earlier in this series we talked about PoW and PoS? Let’s quickly recap: - PoW (Proof-of-Work): the blockchain operates when machines (computers) around the world perform tasks. Bitcoin is an example of such mechanism - PoS (Proof-of-Stake): the blockchain operates with some hardware performing tasks (but the volume of such tasks is way less) and a certain number of coins stored (staked) in wallets. Ethereum is an example Both mechanisms rely on miners (or nodes) A node is a regular computer, sometimes powerful, sometimes not, that is always connected to the Internet and a specific blockchain network. This network can be active or a test network. The main role of a node is decentralization. It holds information about the entire blockchain, such as transactions and balances. So, even if a country like China blocks Internet access, nodes in other countries will still maintain the blockchain's history Remember when graphics card prices skyrocketed 4 years ago? Many even pretty 'old' but still powerful enough GPUs were worth the same or more in 2020 than 2015-2016 when they were issued. It is counterintuitive, as things like this usually loose in value over time, especially considering constant hardware and software progress. This price spike was due to the miners boom and the Ethereum blockchain, which was based on PoW and required a farm of graphics cards for mining. These farms typically paid off in six months to a year. However, two years ago (in 2022), Ethereum switched to PoS, making those GPUs largely obsolete and causing their prices to drop significantly. Currently, you can still mine BTC and some other currencies via PoW. Now, let's talk about node running for testnet. How is this different from regular mining? One could say that node running for testnet is a sub-branch of airdrops in a way Testnet involves testing a project or its version before its official release. Testnet participants work with a test network (where the crypto is essentially fake and worthless, but the underlying technology is legit) to perform basic operations and test the network's capabilities. The mainnet, on the other hand, is the main network where real cryptocurrency transactions occur P.S. More on node running and how to interact with projects that require it in part 2 ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

✈️ Airdrops - part 3 Continuing from the previous post, working with airdrops has its own set of challenges. It might seem simple: do some actions and get your airdrop. But there is always a catch: - Commission costs: transactions within the project are not always free. Many people have spent $30-50 (or more) per account without getting an airdrop - Criteria: you might just not meet the criteria. For example, you might make 20 transactions in 3 months, but to qualify, you needed 50 transactions over 12 months. The commission money you spent is non-refundable - Being excluded: even if you meet the criteria, you could be disqualified as a "sybil" (dishonest player with many wallets/accounts). This can happen if you use multiple wallets linked by transactions or perform identical actions easily visible on the blockchain. Competition for airdrops is fierce, so this is a common fear - No need for token: sometimes, a project doesn’t need a token in its business model. You could engage with a project only to find out they don’t plan to issue tokens at all The project interaction sequence. Understanding the typical cycle of a successful project interaction for airdrop is important: 1. Identify a promising project 2. Engage actively in the project for, let's say, 6 months 3. The project takes a snapshot of all users on the network 4. About a month later, the project announces the airdrop. Only those included in the snapshot will receive it. If you started participating after the snapshot, you won’t get anything 5. The project announces the criteria for the airdrop. Yes, only after the snapshot has been taken and airdrop announced, so all your actions are actually blind shots for an airdrop 6. Check if your account meets the criteria and is eligible for airdrop 7. If eligible, claim your tokens 8. Transfer your tokens to an exchange and sell them or hold, you are free to do whatever you want with them Points 1, 2, and 3 are crucial. Snapshots are taken unexpectedly, so you might start engaging with a project after the snapshot and miss out on the airdrop. Alternatively, you might start before the snapshot but still miss out if you don’t meet all the criteria (e.g., needing 3 active months but only having 2) Again, each project is different, but this cycle gives a general idea of what to expect. Airdrops were very profitable and easy in the early days of crypto, but nowadays the vetting process became more complicated. This is needed to ensure that there are lots of real users exploring and using projects, and not just 'sybils', which is beneficial for community in general ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

✈️ Airdrops - part 2 How to get airdrops. Getting airdrops is pretty straightforward: you just need to use the project. Here are the main actions that can earn you airdrops: - Transactions: simply make transactions and use the project. Depending on the project, this might mean buying a token, creating or buying an NFT, transferring funds through a bridge, or staking a coin Here are the most common related criteria for drops: 1. Number of transactions: the more transactions you make, the better 2. Volume: for example, 10 transactions of 100 USDT each equals a total volume of 1,000 USD 3. Activity over days/weeks/months - Testnets and quests: participate in network testing and complete quests. While quests themselves rarely earn airdrops, the transactions you make during these activities can - Project engagement: become a project tester, participate in calls hosted by projects, become an ambassador, etc. For example, some received 10,000 STRK tokens (~$25,000) just for filling out a form for Starknet - Social media subscriptions: occasionally, joining Discord, Twitter, etc., can earn airdrops, though this is pretty rare - Referral programs: many projects use referral programs to attract users - Early adoption: the earlier you join a project, the better your chances of receiving airdrops - Collecting commemorative NFTs: sometimes projects give away free "badges" that later become a criterion for airdrops Every project freely chooses its own methodology for airdrop distribution, so keep that in mind, no method guarantees success when criteria is unknown Which projects to focus on? Here are tips on choosing projects to engage with for potential airdrops: • No token yet: focus on projects that haven't issued tokens yet • Strong investors: look for projects backed by big investors and reputable funds like a16z, Binance, Coinbase, Sequoia, Polychain (you can check the list of recent funding rounds here) • Manageable competition for you: it doesn't always work, but good to think of it as a rule of thumb. Sometimes, of course, it also makes sense to participate in a project with several mils of users as well Overall a project like LayerZero with $300 million in investment might not be the best target as it has millions of users, whereas a smaller project with $3 million in investment and 100 active participants could be way more promising to interact with The key to getting airdrops is to combine these factors effectively. Remember, it’s not just about which projects you engage with (some with a high likelihood of airdrops like zkSync (already distributed), Zora, Scroll, LayerZero, Linea, and Base), but how you engage with them ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

✈️ Airdrops - part 1 Airdrops caused quite a stir last year, especially with Arbitrum's airdrop, which gave around 600,000 wallets $1,000 or more just for making 2-3 transactions over a couple of months, spending only $1-2. This led to thousands of people starting farming airdrops and testnets. Let's break it down

An airdrop (or retrodrop) is a free token distribution for performing certain actions with a project, usually as a reward for loyalty

It might sound too good to be true, but here are some notable examples: • Uniswap: For one transaction on this Ethereum DEX, users received 400 UNI tokens, worth about $2,000 at the start of trading • Aptos: A Layer-1 blockchain that gave away 150 APT (around $1,000) for creating a free NFT • Wormhole: An inter-networking protocol for bridges. Accounts with 10-20 transactions totaling $50,000 received W1,000 ($1,500). The cost for such a transactional amount was ~$5 At least 50 other large and medium-sized projects have done similar airdrops. It sounds amazing, but there's always a catch, which we’ll discuss later Why do projects offer Airdrops? From a project’s perspective, why give away tokens for free when selling them is more profitable? Here are four reasons: • Legal Issues: in the U.S., holding public sales is often restricted. The SEC can classify tokens as securities, leading large projects to favor airdrops over public sales • Team profits: despite giving away tokens, the team usually holds some tokens officially. And bringing additional value to the project and token via engaging active users benefits their 'bags' value as well • Community engagement: projects need to maintain community support. Airdrops keep the community happy and engaged, preventing dissatisfaction and negative publicity (FUD) • Hype and reach: successful airdrops can significantly boost a project's visibility and popularity, as seen with Arbitrum and Blur • Market conditions: in a bear market, people are less likely to invest in public sales. Airdrops cater to those hoping to gain significant returns from minimal effort, akin to a casino experience There are more reasons, but these should give you a primary understanding of why airdrops are beneficial for projects and the community alike ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Public sales (ICO, IDO) - part 2 Which public sales to participate in? The key to deciding which public sales to participate in is understanding the current market conditions and whether other sales are generally successful. If the market is favorable and public sales are generating returns, it's worth exploring current opportunities For instance, in early 2021, when Bitcoin reached an all-time high, it was hard to find a losing sale. During such times, the project's quality almost didn't matter, and profits were almost guaranteed. Let's assume the market is decent now, but some research is still needed. Here's a quick guide on how to select projects for public sales: -> Product. The specific nature of the project often doesn't matter much. Even seemingly useless projects can deliver significant returns if they have the right hype, marketing, and low initial capitalization. The main thing is to ensure the project isn’t an obvious scam -> Team. Initially, evaluating the team might be challenging. Ensure there is a team and that it isn't anonymous. If you can find out more about the team members and discover they are some starboys from specific field, have strong backgrounds, or have experience in major companies, that's a huge bonus -> Initial Market Cap. This is crucial and might be a bit complex, but it's important to understand.

Market capitalization (MCAP) is the total value of the project at any given moment, calculated as the number of tokens in circulation multiplied by the token's price

For instance, if a project called Highstreet has tokens priced at $1.67 and 40.68 million tokens in circulation, its MCAP is $67.79 million Initial MCAP, however, is the project's value at the moment of its listing, calculated as the number of tokens at the start multiplied by the listing price. The lower the initial MCAP, the better the potential for returns. For example, if Project Y, absolutely similar (in team, product, hype level, literally a copy) to Project X with an MCAP of $10 million and proved history in the market, has an initial MCAP of $1 million, Y’s investors might see a 10x return if its MCAP reaches $10 million (chances for which are pretty high due to similarity to the bigger proven project). It would be even better if project Y had initial MCAP of $0.1mil, so investors could see a 100x The lower initial MCAP - the better for investors Sometimes they even make these things called Moonsheets, where they compare the project with similar ones and predict the xs of returns at the start of the project's activities -> Unlocks. Unlocking is the process by which tokens are gradually released to investors. This process is usually described in detail before any investment takes place. For example you can have 25% tokens at TGE (Token Generation Event) and other 75% linearly in the following months. Ideally for you as an investor, projects should have 100% token release at TGE, but sometimes good price conditions justify waiting. For example, if you could buy ETH at $100 (when it’s worth >$3000) but have to wait five years for the tokens, wouldn't you do it? I'd say every sane person would -> Token distribution. Tokenomics, or the distribution of tokens, is also important. Some tokens go to the team, some to investors, and some to active participants. Understanding this helps avoid being the "exit liquidity" for other investors who bought at much lower prices -> Relevance of the project. Even a mediocre project can succeed if it aligns with current trends. For example, projects related to artificial intelligence gained traction when AI was a hot topic, leading those projects to be the only ones bringing significant returns By following these guidelines, you can make more informed decisions about which public sales to participate in, maximizing your chances of finding profitable opportunities ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Public sales (ICO, IDO) - part 1 I hope you're not discouraged by the challenges of trading and investing. Let's dive into another niche: public sales. What are public sales? Essentially, it's an investment in a project before it starts trading on an exchange. These sales go by various names – ICO, IDO, IEO, IFO, etc. – but the goal is the same: to sell tokens before the official listing Here's an example: three years ago, Coinlist was a popular platform for ICOs of new crypto projects. How could you participate in an ICO? - Register an account on Coinlist - Verify your account - Wait for the sale announcement - Enter the drawing for buying slots on the day of the sale (yes, you had to win the opportunity to buy coins) - If you were lucky and your account won, you could buy coins. Typically, one account was given a $500-1000 allocation (the amount of investment for one project was limited) - After 1-2 months, the project would list its tokens on exchanges, and you could sell your tokens to record a profit or loss Coinlist was highly profitable in 2021. But is Coinlist relevant now (June 2024)? Not really. But there are many other platforms offering public sales that can still yield significant returns. How do you find them? Stay informed and engage with the community. Current popular launchpads: - Ape Terminal - DAO Maker - Binance Launchpad - ChainGPT You can find a list of similar platforms here Why are public sales important? 1. For the project: attract investment and gain media coverage (advertising) 2. For investors (including us): potentially multiply their investment 3. For the launchpad: earn commissions or allocations Types of public sales. To understand these, let's revisit a project's life cycle: idea -> building -> raising investment -> TGE. Public sales usually occur between the third and fourth stages. Investment attraction stage can be also considered as a sale, but not a public one, rather aimed at large investors (funds, DAOs, syndicates, guilds). These investors offer more than money: connections, experience, media coverage, etc. They get the best terms for their investments Public sales, however, are for regular investors with a low entry threshold. Here are some types: • ICO (Initial Coin Offering): public sale on platforms like Coinlist or Tokensoft • IDO (Initial DEX Offering): sale exclusively on smart contracts within DeFi • IEO (Initial Exchange Offering): CEX-based sale, e.g., Binance, Huobi, Kucoin, Bybit. Typically requires holding exchange tokens. • IFO, IGO and others: mostly for specific project types. For example IFO is mostly related to sales on PancakeSwap • SHO (Strong Holder Offering): sale type from DAO Maker for holding DAO tokens How to participate in a sale? You can't just invest; you need to offer something in return. Projects won’t let you invest without a contribution. Ways to get allocations: • Win a lottery: fill out forms and hope to be selected • Hold project tokens: for example, hold BNB tokens to participate in Binance Launchpad sales • Influencers: promote the project on your channel to get allocations • Being a big shot: invest in early-stage projects through a fund or be an advisor P.S. Each project is unique in its requirements. Getting an allocation is one thing; properly evaluating the project's potential is another, both crucial to your success. More on that in part 2 ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Investing + Trading Probably 90% of all newcomers to crypto are drawn in by the allure of investing and trading. It seems simple: press a button, buy a coin like BTC, wait a few days, get a 10% profit, withdraw couple hundreds, and keep going 😷 Many beginners have unrealistic expectations because they hear success stories without understanding the complexities. The truth is, if you start investing or trading in crypto without proper knowledge, you will most likely lose your money Newbies often get introduced to crypto through mainstream social media platforms like YouTube, Instagram, and TikTok, where they're sold the dream that success is just a few chart formations and signals away. But even if the trader you're following is successful, you probably won’t be. Success depends on many factors: psychology, correct entry points, risk management, and more -> Investments. There are key differences between investing and trading, mainly the time frame. Investments are typically for the medium to long term (from a few months to years or even indefinitely) The basic idea of investing: you analyze and conclude that a project is undervalued and will grow (or fall) in price over time. You enter the deal, and if your analysis is correct, you record a profit; if not, you take a loss How to invest: successful investing requires analysis based on news, insights, and other factors. For example, you might believe Bitcoin will grow due to its increasing value every four years after halving events. But there's always the risk of a global ban on crypto, which could cause Bitcoin to fall, which can influence it's price as well Everyone has their own trading strategy. Here are a few reasons for investing in any coin: 1. Positive news: if you see news about a project planning to burn 50% of its coins in three months, logically, the price should go up due to decreased supply, assuming market cap remains stable 2. Insider information: if you learn from a reliable source that Binance will list a new coin, it's logical to expect the coin's value to increase because Binance is a top exchange 3. Onchain analysis: by tracking the wallets of big investors and seeing what they buy, you can make profitable moves. For instance, a significant activity on BLUR coin led to a listing on Binance and a subsequent 5-10% profit 4. Market trends: if the entire market is growing, many coins, even less active ones, might also see price increases. Generally, you invest in coins during a bear market and take profits in a bull market. Common investments include top coins like BTC, ETH, ARB, SOL, BNB, etc. For example, if you had bought these coins in September 2023, you might have seen returns of 2-10x In summary, while investing seems simple (buy and sell), it is complex and creative, with many variations. Ultimately, it's up to you to decide if it's the right path for you -> Trading. Trading is similar to investing but with two main differences: 1. Short trades: these can range from a few minutes to a few days 2. Leverage: traders often use leverage to amplify their positions The strategies in trading are similar to those in investing: look for undervalued coins that are expected to move soon. However, trading can be risky, especially with leverage Many traders start with spot trading (without leverage), and some might see initial success. But often, they switch to leveraged trading and end up losing their funds. Personally, I avoid trading with leverage and don't recommend it Trading without understanding the fundamentals of a project is risky. For instance, trading a coin like LINK based solely on chart patterns without considering factors like token unlocks, purchase prices from funds, or circulating supply is not advisable. It's crucial to have a basic understanding of how crypto and its projects work before diving into trading ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Funds: money distribution in crypto From the previous example, you could identify three key players: • Funds - top of the food chain • Projects • Users - bottom of the food chain This hierarchy is typical in almost every crypto project: - Funds provide money to projects for development and receive tokens at the lowest prices in return - Projects use this money to build (covering salaries and other expenses) - Users get opportunities to participate in the activities and project's life cycle (with rewards, of course) Why is this important? It's crucial to know that you can be more than just an ordinary user; you can also build projects and be an investor. Building projects and managing funds is more complex but also more lucrative. It's just something you should keep in mind while thinking where you'd like your journey to take you 📞 Important! There's a common belief that good funds in a project indicate a good project, and this belief is often valid How do you identify a good fund? Analyze its past investments and see if they were successful for retail investors (like us). While we won't delve into this analysis now, you'll become more adept at quickly assessing a project's quality over time, it's an experience thing For now, rely on community experience. There’s a helpful sheet categorizing funds. At top are the best funds, at bottom are the worst. Green and colorful funds: very good. Notable examples include Paradigm, Sequoia, A16Z, DragonFly, Polychain, and Multicoin. You don't need to memorize all the names immediately; this'll come with experience too. Just save this table for future reference In summary: if a top fund invests in a project, consider interacting with that project as well Searching and Analyzing Projects Throughout a project's lifecycle, there are many opportunities to earn money, both obvious and subtle. Approach this creatively – you might apply for a job, enter a raffle, offer help, buy tokens if you believe in their growth, and more. There are plenty of opportunities. The question is, how do you find these projects and opportunities? This topic is so vast that it deserves its own discussion, which won't be covered in this series. Remember, it's time to apply one of the basic principles – DYOR, including learning how to conduct this research effectively, there's plenty of information out there ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Project life cycle - part 2 -> Marketing and Development 👨‍💻 With funding secured, the project focuses on marketing and development. This is where the project enters its most active phase and garners the most attention. A significant amount of money is invested in marketing, and the project gears up for TGE (Token Generation Event) and launch During this phase, you could've participated in a whitelist drawing for allocation to the project. Here’s a breakdown of key terms: - Whitelist: access to buy tokens before public trading begins - Allocation: a strictly specified amount of purchased tokens. For example, you could've had an allocation of $100 for one account, it varies from project to project to prevent big players from owning lots of tokens supply - Whitelist drawing: filling out a form for a chance to win an allocation. Not everyone gets it. You could enter with 100 accounts (projects track sybils now to try to keep their project healthy and prevent this), and get only couple to win or none at all Why would you do this? This project seemed good, and your allocation would yield significant returns. You could turn that $100 into $700 easily, and much more as market showed later At this stage, many official activities (quests, raffles, etc.) appear, along with non-obvious ones that might be missed by newcomers. With experience, you'll learn to spot these opportunities. This stage is rich with activities -> Launch or TGE 🚀 The official launch of the project usually happens during the TGE

TGE (Token Generation Event): this is a moment token starts trading on the exchange. It’s the process of creating a token on a smart contract for distribution

So, Impossible Finance’s TGE occurred on August 17, 2021, when their token $IDIA started trading. It was initially sold for $0.07, and it went up to 7x pretty fast at the start of trading. Many have exited at ~$0.5, even though the project continued to grow

Token Sale (crypto analog of IPO): this is a pre-sale of a token to early investors before the listing. For instance, you bought tokens for 1 USDT during the token sale but could only sell them at the listing two months later, so these 2 months you can't do nothing with those tokens and you just locked your funds

Why do you need this token? To get allocations for future sales on Impossible Finance’s launchpad. The more tokens you hold, the more allocations you receive. At its peak, the token reached $3.44 (a 50x increase). Holding the token was profitable because of the allocations received -> Project Operation. Once the project is launched, it focuses on its primary objective, such as launching other projects in case of Impossible Finance. Allocations were obtained in two ways: • Winning in raffles • Getting a guaranteed allocation for holding $IDIA Investing in the $IDIA token paid off with 3-4 successful sales. Every project has its own activities that can present opportunities to making money, not only getting early in project's token and selling when it grows -> Decline/Project's death. However, this project couldn’t sustain more than 7-8 successful launches. The bear market set in, reducing purchasing power and causing many projects to underperform, to put it mildly. A project delivering 1-2x returns was already considered successful in that circumstances Gradually, the project declined. The token’s price, which was $0.07 at launch, fell to $0.04 now (even dropping to $0.009 at its lowest point), so it's a 86x drop from its ATH and almost halving from its IDO price Recently, the project showed some signs of life, making a few successful launches, but ultimately, all we can do is to let the market decide, and it did decide fate for many projects, including Impossible Finance, and will decide for many others 📈 P.S. Remember, 95% of all crypto projects die within 2-3 years. These are the realities of the market, and it’s crucial to exit at the right time ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

How to make money from crypto Project life cycle - part 1 Finally, let's dive into what you've all been waiting for: making money with crypto. How does it work? In these posts, we'll cover the main areas of crypto earnings, including mining, trading, investments, and airdrops. But first, it's crucial to understand the foundation of these earnings by looking at the life cycle of a typical crypto project Our main goal is to understand the project cycle and how we can profit during each stage. Afterward, I'll share some tips on finding and analyzing promising projects Life Cycle of a Typical Crypto Project. Crypto projects vary — some have large investments, while others are created for fun in just a few days. We'll focus on an average project that has investments, a team of 5-10 people, and ambitions for development. Here's the typical life cycle of such a project: • Idea • Building • Attracting investments • Marketing and development • Launch or TGE (token generation event) • Project operation • Death (no matter how grim that may sound) These stages don't always occur in this exact order. For instance, investments might be attracted as soon as the idea forms, or marketing might not be necessary for some projects or start pretty early. This is just an approximate life cycle of a crypto project As to see it in practice, we'll describe stages on the example of Impossible Finance project. It's an IDO-launchpad that kinda peaked in 2022, but still continues to do some things, which highlights the typical project cycle pretty well -> Idea. Calvin Chu, the project's founder, was sitting with his friends one evening and had a thought: "I'm tired of working here (he worked at Binance at that moment). Let me create my own launchpad, one that helps everyone make money, while I earn a commission too." Calvin had the vision and decided to make it a reality. He started building instantly, but we as users couldn't do anything with this project yet. The idea is in the head of the founder and his inner circle that he shared it with. And even if we could know about it, wouldn't give us much room still, since there is nothing to interact with -> Building. This stage involves turning ideas into a real product. The team is assembled, the website is created, and initial tests on the mechanism are conducted. The result is called an MVP (Minimum Viable Product), a basic version of the product that functions but isn't fully developed, like Schrodinger cat, the project is 'alive' and not really at the same time As a user you still have no instruments on directly making money here (apart from going to work for the project, I guess), but you can start gathering info on project's plans, roadmap, overall potential and impact, by following their socials, if any, checking website, etc. That could help you to be very early once the opportunity presents itself -> Attracting Investments. With the MVP in place, Calvin realizes more funds are needed to continue development. He reaches out to investors, securing funding from sources like True Ventures, CMS Holdings, Alameda Research (this fund was involved in the FTX collapse and is now dead), and Hashed, raising $7 million for further development and marketing Announcements about these investments are typically made on social media, giving the project credibility and attracting attention, as this is basically their first 'win' since their idea and MVP caught real world interest. The presence of reputable investors signals that the project has potential. Once the investments from solid players are secured, project usually starts getting some traction among other people in crypto space, who'd also start learning about it and engaging in first project's activities ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Types of scams in crypto - part 2 -> Rug Pulls. Probably the most famous one, as there are lots of stories of hyped tokens that did exactly this. And it's especially relevant in the times of memecoins that go to the moon in 24 hours only to crash immediately after getting some traction. The scam is similar to honeypots, but here the sell function isn’t blocked. The project looks legitimate, and the token price rises. Near peak values, the project owners withdraw all liquidity from the pool (exactly this moment is called Rug Pull), causing the token price to plummet, leaving everyone apart from owners/insiders with nothing -> Approvals. Sometimes you can participate in some project, and to transact with a token, you need to give permission (approval), so the project can perform actions with it. Scammers can exploit this in several ways: - Hacked projects: if a project you approved is hacked, the attackers can access the smart contract. I once participated in a project that was hacked, and two years later, some minor amount was stolen from me. If you find yourself in some similar situation or 'smell something shady', you can revoke approvals on sites like de.fi - Scam sites: some scam sites embed hidden approvals in your signature, allowing them to instantly steal any token or all your funds. The Pocket Universe extension, mentioned in previous post, can help prevent this -> Scam Software. Accidentally downloading malicious software can be disastrous. Examples include: - Stealer: gives access to your files. - Keylogger: records all your keyboard actions (so it is easy to extract your passwords from this data). - Clipper: intercepts your clipboard content (including addresses, passwords, etc.) So avoid downloading anything suspicious and always use antivirus software to prevent these things These are on-chain scams, but don't forget there is also such thing as a social engineering and people can scam you by pretending someone you know, so be careful with that. Remember, in most scenarios you are the person responsible for the outcome, so learn and implement things that would help you stay safe out there P.S. Also take a look at this list of hygiene rules, it'll be a great addition to the recent posts -> https://t.me/cryptperry/18 ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Types of scams in crypto 🔤🔤🔤🔤 - part 1 In this post, we'll explore the main types of scams that can cause you to lose money. Remember, scammers are creative and constantly evolving their schemes -> Fake Links in Ads or Ad Phishing. When searching online, especially on Google or Yandex (due to their developed ads network), you might encounter links to fake sites disguised as official ads (like here). These links lead to exact replicas of legitimate sites. If you enter your data on these fake sites, you'll lose access to your account and funds. Even 2FA won't help. Some schemes trick you by "accidentally reloading" the page after you enter the first code, prompting you to enter it again. The second code might be used for withdrawal or changing your password/2FA settings. Your best friend in avoiding these scams is https://coinmarketcap.com, where you can find legitimate links to crypto projects -> Email Phishing. Similar to ad phishing, but even more dangerous. Scammers use leaked email databases to send convincing phishing emails. For example, after the FTX and BlockFi incidents, scammers sent emails pretending to be from these companies, tricking victims into losing ~$5 million These emails often create a sense of urgency, such as "Your account will be blocked in 10 hours if you don't ***". Always double-check the domains from which the emails come, or contact the project's official support -> Scam Tokens in Wallets. Eventually, you'll start receiving various dubious tokens in your wallet. These tokens often have the same ticker as popular projects (e.g., ARB, OP, MKR, DAO). If you try to approve or transfer these tokens, you risk losing all other crypto in your wallet -> Honeypots. Imagine a Telegram channel called "John Ferrari Trader," where the owner flaunts a lavish lifestyle. Subscribers are enticed by this content and want to emulate it. John then shares a "secret-insider" coin that’s supposed to explode in value However, the coin is a honeypot scam. The price rises artificially, and people start buying, but it's technically impossible to sell the token. Eventually, the scammer withdraws all liquidity, leaving investors with worthless tokens Check tokens for honeypots using sites like tokensniffer.com, poocoin.app/rugcheck, and honeypot.is P.S. We'll finish with scams in part 2 tomorrow ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Security in Crypto 🛡 ⚠️This is extremely important topic as security in crypto is crucial, especially for newcomers. Many beginners overlook security at the start. They might earn good money but end up losing all their earnings due to simple mistakes. We're talking about substantial amounts — thousands, tens of thousands, even millions of dollars, depending on your success Basic Tips. Security is a vast area that requires constant improvement, but here are some basic tips you MUST follow: 1. Never store seed phrases and private keys on your computer. Write them down on paper, etch them on a metal plate (seriously, there are physical devices for that), or store them on a password-protected flash drive. Never keep them on a device with constant internet access 2. Don't download unknown files. Avoid untrusted software, random files, and even seemingly harmless txt or PDF files. Don’t skimp on licenses. Separate your regular and work environments (ideally, use different devices) 3. Connect your wallet only to verified sites. Scam smart contracts can gain access to your assets if you choose the wrong resource to connect your wallet to 4. Always double-check links. Even links from trusted search engines or your favorite Telegram channel. Don't trust anyone blindly 🙅‍♂️ 5. Use complex passwords for your wallets. Even if a scammer gains access to your computer, a strong password can protect your wallet. Avoid simple passwords like "12345678." Use at least 14-16 characters, including uppercase and lowercase letters, special characters, and numbers. Here’s a quick reference for password strength: "12345678901" can be cracked instantly "35Gk4fkDkes((@)" would take ~1 million years to crack via brute force attack 6. Install antivirus software. It’s not a cure-all, but it adds an extra layer of security. Don't be too cheap to spend a little money on it 7. Use Pocket Universe. This browser extension prevents you from making scam transactions. It emulates the transaction and shows you the result — if something is being sent from your wallet, it's red-flagged These are the essential rules you simply must follow. You might be tempted to ignore these rules, think they are too basic to even consider, but trust me — many tears have been shed by people who lost access to dozens, hundreds, or even thousands of wallets. All because they didn't take their time to understand and implement security. Crypto does not forgive mistakes P.S. I'll cover main scam types in the next post to give you a perspective on things to look out for and avoid ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

Phases of crypto market cycle and Bitcoin halving 📈 In this topic I'll avoid giving any personal opinions. However, one thing that's hard to remain completely objective about is market phases. The crypto market operates similarly to traditional financial markets. It has two main phases that you probably heard of: - Bull market - Bear market Understanding the difference between these phases is crucial. The crypto market phases can be summarized as (see the image attached): • Accumulation + run-up + distribution = Bull market • Distribution + run-down = Bear market These phases constantly alternate 🐂 A bull market is characterized by rising prices across almost all coins. During this time, many projects are highly profitable, and there’s an influx of money from all sides. For example, in November-December 2021 people made crazy amounts almost daily. Let's say an ICO on Coinlist, for example IMX, brought a 50x return on investments of $500-$1,000, resulting in $25,000-$50,000 per account 🐻 Conversely, a bear market is marked by falling prices and a lack of profitable activities from projects. For instance, in September 2023, there was a noticeable absence of profitable opportunities or any other activities worth spending time on. If any activities were available, they were far from being rewarding What’s the point? Typically, a complete crypto market cycle (a full bear and full bull phase) lasts about four years. The reason behind this is often attributed to Bitcoin halving, although the exact cause is not universally agreed upon Bitcoin Halving. Halving, very roughly speaking, means reducing the reward for Bitcoin miners by half, and it happens approximately every four years. Every four years, less Bitcoin enters the market, making it an increasingly scarce commodity. And what typically happens to scarce commodities? They go up in value. This makes sense, right? By the year ~2140, the last Bitcoin is expected to be mined. Does it seem logical that buying Bitcoin now and holding it for 20 years without selling might be a good idea? It does, but the decision is ultimately up to you. The most recent Bitcoin halving occurred on April 19, 2024. And historically you can see that both bull and bear cycle phases almost perfectly fit into each halving. You are welcome to draw your own conclusions ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY #welcometocrypto

up to 0.05, I plan to additionally buy myself as I get more available USDT I see you've been gripped by fear and doubt again The die has been cast, the rest... it's all your choice, Gentlemen P.S. At x's from the current ones don't write in pm eternal: where can I buy? When will the correction be? etc.

WEST/USDT 1W https://www.tradingview.com/x/kHmbK013/ I'd like to begin by sharing a fascinating story that blends the material world with metaphysics and esotericism which left me and some friends of mine with our hair standing on end couple of weeks ago. However, I'm not sure if it's something that should be written for general review — actually, I'm quite certain it shouldn't be. But it was definitely an encounter that changed our understanding of the concept of time itself From just a technical standpoint — there is a formed inverse head and shoulders pattern, indicating a minimum potential for a 10x in the shortest possible time. The ATH and subsequent price performance of WEST are just a matter of time and patience. However, for those who stick around, the most persistent ones, something extraordinary and beyond comprehension awaits P.S. I assure you, I once was on the other side of the screen and denied the potential for a thousand-fold growth when ETH was < $0.50, despite being told directly. So, the question is: what will you do with your opportunity? WEST has potential and makings of changing the history in a separate region and beyond. The question: - Do you have it? Make purchases only with limit orders. Keep an eye on and control the cent values both on KuCoin and Gate simultaneously. Be wise and prudent. WEST is all about patience, which you will desperately need when you feel the urge to hit the 'SELL' button at 10x, 20x, or 30x ❗️Wishing everyone all the best. Everything you'll see going forward over the next six months is just the first seeds of the full potential. Remember, the best entry point was always 'yesterday' ➡️ bingx.com/partner/1 Trading 🔀 BingX In-app code - 1 CRYPTO | PERRY