Category: Crypto

Let me share some of the useful Crypto Sites that I have been using.

Airdrop Airdrop Airdrop

Recently this is one of the favourite topic in Crypto after the recent airdrop by Arbitrium. Many people made $X00-$50k+ for the Arbitrum Airdrop recently. Many are hunting for the next airdrop. One of the next hot potential airdrop will be Zksync. Thus, many people are moving their funds from Arbitrium to Zksync Era.

One of key question that came up is how to bridge from Arbitrium to ZKsync Era?

Besides using the official bridge https://portal.zksync.io/bridge, there are other options too. Let me share with you on the options.

(Also see Arbitrum Airdrop – free money! What other airdrops that will give you free money next?)

Option 1

ZKsyn Official Bridge – https://portal.zksync.io/bridge

Connect your wallet and then select the network to bridge. Gas fee not very cheap for this bridge currently.

Option 2:

Use MultiChain – https://app.multichain.org/#/router

Personally, I like to use this bridge for other chains too, one of the more efficent and cheaper option. This is one of the more established bridges in Crypto.

Option 3:

Orbiter Finance – https://www.orbiter.finance/

There is no token for this DeFi yet hence by using this bridge you may get chance to get both Zksync and Orbiter Finance Token. The gas fee is one of the cheapest too. Remember to change to V2 of this bridge, else you won’t see Zksyn Era.

Option 4:

Rhino.fi – https://app.rhino.fi/bridge

I haven’t try this yet but this is one of the bridges that people use. I tried to use one of my burner wallets to test connect the page, what irritate me is there are quite number of pop-ups. Although it’s cheap, but I may not want to use this.

Which options should we use?

Personally, I would go for option 1, 2 or 3.

Option 1 is the official bridge which will give you higher chance of airdrop but relatively more expensive in term of gas fee.

Option 2 is one of the very established bridges that you won’t need to worry your funds gone missing. Gas fee relatively cheap too.

Option 3 is quite new and there are feedbacks in Crypto Twitters that people funds went missing/in limbo for quite some time. Personal it works for me, but in Crypto everything is hard to say. This protocol has no token yet, hence might be another chance for another airdrop.

However, since Zksync Era only launched recently few days ago, good to let things run a while first before entering, especially this is only the “Alpha” version which even the documentation asked user not to go all in yet.

Have fun farming for airdrops!

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

• Simplified Guide to the Key Gist of Grant of Probate and Estate Planning
• Cheapest and best way to trade Singapore Stocks with CDP
• Mastering Dividend Investing: 5 Evergreen Investment Principles
• Unlock Lucrative Returns with IAPD: A High-Yield ETF Providing 7% Annual Yield and Quarterly Payouts
• Unlock Lucrative Returns with SDIV: A High-Yield ETF Providing 11% Annual Yield and Monthly Payouts
• If I am a dividend investor, this is what I would do….
• 7 Things to consider before buy a dividend stock
• 4 Dividend ETFs that can let you sleep well even in the scary bear market
• 5 Best Counters for Passive Dividend Investing
• The Three MOST Important Traits of an Investor
• What is the best investment strategy in the world?
• Ultimate Strategy of buying REITS: XXX instead of X000?
• Ultimate Free 2 Days Reit MasterClass: Exclusive at Careyourpresent.com only!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

• The Best Advice to Parents and Child
• What if Later never come?
• What will you bring with you on your last day on Earth?
• Time is the ultimate currency, not money
• Our Life only have 5 short Days – we should live the best for every day
• Truly understand Living in the Moment now
• 11 Important Unexpected Life and Money lessons to learn from Your Children
• The days are long but the years are short
• Ditch your mobile phone to build real life
• Careyourpresent: Time is the most important
• Careyourpresent: What is your purpose of life?
• Careyourpresent : Greatest Regrets in life
• Careyourpresent : You might not believe it. It’s little unexpected things that make up a real life
• Careyourpresent: Something only happen once in life, if you missed it, it’s gone forever…
• Careyourpresent : Why is Gold useful?
• Careyourpresent: Frozen. Let it go!

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

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You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

• Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
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What is Fundamental analysis of cryptocurrencies?

Fundamental analysis of cryptocurrencies is different than analyzing stocks. Fundamental analysis takes into consideration all the aspects of a coin and its project, from its team to the technology being used. It’s not just about price movements but it also includes things like community engagement and real world use case for a particular cryptocurrency project. In this article we will go over how you can do fundamental analysis of your favorite cryptocurrency or ICO before sending any money into their crowdsale!

Read the Whitepaper

A whitepaper is a document that describes the key elements of a cryptocurrency. The main focus of the document is to provide you with an overview of the project and its goals. It also contains details about how this cryptocurrency works, what it does for users, why it’s different from other cryptocurrencies on the market and so on.

You should read whitepapers carefully because they can help you understand more about an ICO or token sale before investing in them (if you decide to do so). In other words: reading this type of content will give you insights into what makes Cryptocurrencies tick!

Analyzing the founder Team

The founder team of a cryptocurrency is one of its most important aspects, as it affects how a coin will perform in the long run. If you’re interested in buying a new cryptocurrency, you should first look at its founder team and see if they have experience in this field. You can also check their social media presence and reputation as many people like to follow well-known personalities who do good work for society.

You can also check out their network by searching for their LinkedIn profiles or even looking at their GitHub repositories if available. This way you can get an idea about who these people are and where they come from before investing your money into something that could potentially fail miserably due to lack of knowledge on how things work with cryptocurrencies!

Analyzing the Venture Capitalist

Venture capitalists (VCs) are interested in long-term value. They will be looking for a high potential for growth and well-funded projects, with a team that can execute on their vision. In other words, VCs want to see a project that has what it takes to succeed in the future so they can invest their money into it and make money from their investment as well. Of course some VCs also failed badly in 2021. Hence please do you own due diligence.

Analyzing the Roadmap

The roadmap is a detailed plan of the future of a company. It’s important to update it regularly and keep it realistic, achievable and with a timeline that you can meet in your business. It should also include an estimated budget for each stage of development.

The roadmap should include:

• A clear vision for where the founder team want to go in the future (e.g., “We will build an app that makes buying cryptocurrencies easier”)
• A focus on what needs improvement before moving onto something new (e.g., “Our current app has lots of bugs so we need more time.”)

Assessing the Utility of the coin – real world use case

Now that you’ve identified a coin, it’s time to assess the utility of this coin. What is its real world use case? How does it work? Is there a real world application for this coin?

This is where fundamental analysis comes in handy. Fundamental analysis looks at intrinsic value (the price) versus extrinsic value (the purpose of the coin). This can be done by comparing two similar coins or analyzing how well they fit into the ecosystem as a whole. If your crypto has no intrinsic value, then it might not be worth investing in because you won’t see any return on your investment if there are better alternatives out there with better potential returns and less risk involved.

Analyzing Community size and engagement

You can also use this data to determine the overall community size and engagement. For example, if you look at the number of followers on social media and find that there are a lot of people who are talking about cryptocurrency, then it is likely that there would be a healthy community with many developers working on projects. The same goes for developers using their coins as well as users trying out new features or applications built on top of them.

Assessing the Technology

Assessing the technology behind a project is one of the most important factors in fundamental analysis.

The blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.

The technology behind a crypto coin is the blockchain, which is a ledger that records every transaction. Transactions are grouped into blocks, which are linked together in a chain. Each block contains information about the previous block, as well as all the transactions made on the network since its creation.

Bitcoin, Ethereum and other cryptocurrencies use Proof of Work (PoW) as a consensus mechanism where miners solve complex mathematical problems to validate transactions in the blockchain. This requires significant computing power and energy to perform but miners receive new coins for their work.

For whatever coin that you are interested it, do look at the technology behind it.

Analyzing the Tokenomics

Tokenomics is the most basic foundation of every project. It simply means Token + Economics which is the understanding of the supply and demand characteristics of cryptocurrency. These are some of the key things that you should look at before investing:

Supply Metrics

How many of these tokens exist right now? How many will ever exist? How quickly are new ones being released? Some terms to learn below:

• Maximum Supply – A hard cap on the total number of coins.
• Disinflationary Or Inflationary – this where you get your high APY from for some inflationary projects.
• Circulating Supply – The total number of coins in circulation now.
• Fully Diluted Market Capitalization – The maximum supply multiplied by current price.

Distribution schedule

Distribution schedule tells you what the currently circulating supply is and the rate at which coins are being created. Distribution takes into consideration how coins are spread among addresses (especially the core team which can have a big influence on value of the token.

A vesting period is a time when a token can’t be sold by the investor or team. It is important to understand how tokens are unlocked. Sometimes high APY may not be good if the core team has no vested interest.

One good place which you can do a good initial research will be https://messari.io/

Analyzing cryptocurrency is different than analyzing stocks

If you’re looking to invest in cryptocurrencies, it’s important to understand the differences between them and stocks. While there are some similarities, they are still distinct assets that have different goals, uses and risks involved.

The first thing you should know about investing in cryptocurrency is that it’s a new asset class—a type of investment that doesn’t exist yet! It’s also not regulated by the SEC like stocks or bonds are; instead, cryptocurrencies operate on their own rules set by their developers (or miners). This means they can change over time without anyone’s approval or input from outside parties like regulators or investors who might want them to stay as-is forevermore—but more on this later…

Cryptocurrencies aren’t backed by real world assets like gold or silver either! Instead they rely solely upon technology such as blockchain technology which provides security for users when making payments using digital currencies such as Bitcoin (BTC), Ethereum (ETH) etc. That’s why many people said that Crypto is Ponzi. But isn’t fiat not backed by anything (perhaps govt who issue it)?

Conclusion

There are many different ways to analyze cryptocurrency and we have only covered a few of them. This is not an exhaustive list, but it should help you get started on your own analysis.