Tag Archives: Crypto

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Lesson 7: How to Sell Your Cryptocurrency

sell cryptocurrency

The best part of learning Cryptocurrency investment is to know how to sell it when it’s profitable, especially when you live in Nigeria, where crypto ban is in enforce.

You need to have options to convert your crypto into cash and receive it into your bank account. You should also apply caution due to the some government regulation when cashing out in country with crypto ban.

But this won’t even beginning to happen until you start making money from your crypto investment and you want to take some profit.

When that time comes, you need to know what you have to do. I strongly advice that you start making such preparations now. The reason being that centralized exchanges require you to do KYC.

This process might take a while to verify and give you proper access to the platform. KYC is required before you can move your crypto earnings to your bank account.

✅ Crypto Lessons Table of Content

Before we continue, if you missed any of the lessons go back and go through it first. Here is the table of content to help you navigate through the entire course from any part of this lesson.

🔹️INTRODUCTION – Learn Cryptocurrency Investment
🔹️Lesson 1: How Cryptocurrency Investment Work
🔹️Lesson 2: How to Setup Token Wallet Address
🔹️Lesson 3: How to Claim Free Cryptocurrency
🔹️Lesson 4: How to Trade Cryptocurrency
🔹️Lesson 5: How to Pick Cryptocurrencies to Buy
🔹️Lesson 6 How to Farm Cryptocurrency
🔹️Lesson 7: How to Sell Cryptocurrency

So, this lesson and the other lessons will focus on teaching you WHAT TO DO. So much theory will be overlooked and the focus would be on practical.

✅ How Selling Cryptocurrency Works

To sell your Cryptocurrency you have to first identify the following:

🔹️Which exchanges works in your country
🔹️What’s the preferred transaction method
🔹️What’s the mode of payment
🔹️What’s the right currency of exchange

Once you can identify the crypto exchanges that works in your country, you go ahead and register with them. It’s best to register with multiple exchanges. You might need them at different times.

Some of these exchanges have services they maybe more better in, or provides cheaper and prompt services than their competitors. If you have these options it would help you switch exchanges when you have to.

Also, if you live in countries like Nigeria, where government is always dabbling with Cryptocurrency transactions for their selfish ambition, the method of transaction for each of the exchanges should be important to you.

A peer to peer (P2P) transaction may be ideal in such situation, protecting you from government prying eyes and sanctions.

✅ Understanding Crypto Exchanges

The first step on how to sell your Cryptocurrency for fiat currency is to signup for an exchange account. These exchanges acts like your normal banks – for your crypto assets.

They provide you with services to enable you buy, sell and exchange Cryptocurrency with fiat currency or transfer fiat currency into your regular bank account.

Here I’m going to make some recommendation for crypto investors in Nigeria:

🔹️The best exchanges to cash out your crypto money
🔹️The exchange that works best by my experience
🔹️How to easily cash out your money

Let’s do this after I have explained the basic KYC requirements. You will need to register first on these exchanges before you can proceed to withdrawal. And KYC is the go-between process that must be completed.

✅ Basic KYC Requirements

KYC (Know Your Customer) is just a legal requirement compelling some crypto exchanges to collect information to help identify customers operating on their platforms.

Although, KYC helps to prevent against fraud and scams, the main reason is government monitoring. However, you need to complete KYC to use any CEX (Centralized Exchange) around the world.

Here are the basic requires to complete a KYC application:

🔹️Personal (non-confidential) details
🔹️Residential or location address
🔹️Picture or/and video recording
🔹️Personal identification document
🔹️Utility bill with proof of address

The process of KYC is to ensure you are really who you claim to be, and you do not have a previous account or plan to have another account with the same exchange.

Contrary to what some Exchanges may tell you, it’s not for the security of your crypto assets. And this process is not always smooth or that simple. Sometimes it can take months before you get a verified KYC application.

✅ How to Cashout With Binance

The first exchange I’m recommending is Binance. It’s the biggest exchange with presence in many countries around the world, including Nigeria.

It also provides P2P services for countries with government regulations against crypto transaction.

Also, most of the tokens are built on its Smart Chain (BSC) Network. You will also find it’s coin BNB as a widely means of exchange for most tokens.

You need to have a verified Binance account to cash out your crypto profit. Follow basic KYC requirement above to verify your Binance exchange account.

If you have a verified Binance account here’s how to proceed:

🔹️Swap the tokens you want to cash out into BNB smart chain or BUSD or USDT preferably.
🔹️You need the correct wallet address copied from Binance for the coin you want to transfer.
🔹️Follow Trustwallet transfer process to move coin from Trustwallet to Binance Exchange.
🔹️Note that you will need BNB Smart chain coin to pay network transfer fees.
🔹️After receiving the transferred coin into your Binance wallet, you can swap it for fiat currency or sell it through P2P marketplace (depending on what works in your country)

✅ How to Cashout With Remitano

Remitano is not also different Binance in the way you can cashout your tokens. However, the exchange is limited to some target markets in Africa, South America and Asia.

Just like Binance it also has P2P marketplace to help customers in challenged markets like Nigeria to cashout their crypto earnings without flaunting government ban.

From my experience, Remitano P2P service is much faster and user friendly than Binance. But you will get less money for your cashout than you would get cashing out on Binance.

If you already have a verified Remitano account here’s how to proceed:

🔹️Swap the tokens you want to cash out into either of BNB smart chain or USDT preferably.
🔹️Copy the correct wallet address from Remitano for the coin you want to transfer.
🔹️Follow Trustwallet transfer process to move coin from Trustwallet to other wallets.
🔹️You will also need BNB Smart chain coin to pay network transfer fees on transactions on Trustwallet.
🔹️After receiving the transferred coin into your Remitano wallet, you can swap it for fiat currency or sell it through P2P marketplace (depending on what works in your country).

✅ Conclusion

The examples I used for cashout are not the only exchanges you can use. You can find others options suitable for you in your country of residence. These two options worked best for countries like Nigeria where there are government restrictions on crypto transactions.

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Lesson 4: How to Trade Cryptocurrency

There’s a difference between buying/swapping Cryptocurrency to trading Cryptocurrency. Sometimes it’s often used interchangeably. But you need to understand the difference. When someone is buying or swapping crypto it’s not the same as when they are trading crypto.

Cryptocurrency trading is usually misunderstood. I’m going to clarify it for you. Although, everyone involved in crypto business can be considered as engaging in crypto trading. But there’s such a thing known as trading cryptocurrency in the crypto ecosystem.

So, I’m going to focus more on just that aspect of crypto trading. These traders are only engaged in buying and selling as quickly they can spot tiny profits or suspect little losses. They can even engage in this using AI (artificial intelligence) called Trading ROBOT or BOT for short.

However, i have also included the explanation on buying/swapping of tokens before I explain on the trading. This would help further clarify them for you. The purpose of this lesson is to give you some knowledge on Cryptocurrency trading.

Below are the content of this lesson:

🔹️How to Buy Tokens
🔹️Payment Currency to Buy Cryptos
🔹️Exchanges to Buy Tokens
🔹️Introduction to Cryptocurrency Trading

✅ Crypto Lessons Table of Content

Before we continue, if you missed any of the lessons go back and go through it first. Here is the table of content to help you navigate through the entire course from any part of this lesson.

🔹️INTRODUCTION – Learn Cryptocurrency Investment
🔹️Lesson 1: How Cryptocurrency Investment Work
🔹️Lesson 2: How to Setup Token Wallet Address
🔹️Lesson 3: How to Claim Free Cryptocurrency
🔹️Lesson 4: How to Trade Cryptocurrency
🔹️Lesson 5: How to Pick Cryptocurrencies to Buy
🔹️Lesson 6 How to Farm Cryptocurrency
🔹️Lesson 7: How to Sell Cryptocurrency

So, this lesson and the other lessons will focus on teaching you WHAT TO DO. So much theory will be overlooked and the focus would be on practical.

✅ How to Buy Tokens

By now you should know that there are two types of cryptocurrencies. They are called coins and tokens. They are the same but with a little difference, which is because one has its own Blockchain, while the other doesn’t.

I made this clarification because we are dealing with tokens here only. That means crypto that doesn’t have their own Blockchain yet.

But before you can start buying tokens there are things you will need to know and probably have. Here are a few lists:

🔹️Crypto wallet (Trustwallet or Metamask)
🔹️Binance Smart chain (BEP20) or Ethereum (Ether)
🔹️Access to decentralized exchanges

For crypto wallet, I strongly recommend Trustwallet and Metamask. But in Crypto Lessons we use only Trustwallet. You should have downloaded one by now.

But note that this recommendation is not made for Cryptocurrency trading. In crypto lessons we focus only on basic lessons for Beginners. It’s a do it yourself lessons. Crypto trading doesn’t fall within a do it yourself class.

✅ Payment Currency to Buy Tokens

When buying tokens you will need some coins to pay or swap for tokens. Depending on the token that you want to buy or swap, there are coins often used as mediums for such exchange. Here are the most popular ones.

🔹️Binance Smart chain (BEP20)
🔹️Ether
🔹️Binance USD (BUSD)
🔹️USD Tether (USDT)

In order to be able to buy or swap tokens you would need any of these coins. You have to find out which of the coins is acceptable for the token you want to buy or swap.

✅ Exchanges to Buy Tokens

The best place to buy tokens are on decentralized exchanges (DEX). There are many decentralized exchanges where you can buy tokens. Some of these exchanges may only allow you to buy or swap tokens built on certain Blockchain network.

For example, some Exchange may only allow you to buy or swap tokens built on Ethereum Blockchain. The same way for tokens built on Binance Blockchain network. As you progress you will understand all these more clearly.

Here are some popular decentralized exchanges (DEX) to buy or swap tokens:

🔹️PancakeSwap
🔹️Uniswap Exchange
🔹️Poocoin app
🔹️Dextool app
🔹️Position Exchange
🔹️Bogged finance
🔹️Sushiswap
🔹️1Inch Exchange

✅ Introduction to Cryptocurrency Trading?

Crypto trading is the buying and selling of cryptocurrencies or exchanging of one crypto for another crypto assets or coins. The idea is to buy at a low price and sell at a higher margin.

There are different types of crypto trading strategy you can explore:

🔹️Day trading
🔹️Swing trading
🔹️Scalping
🔹️Position trading

✅ Day Trading:

This is the most popular trading style. Day trading, as its name implies, is the method of buying and selling crypto with in the same day.

✅ Position Trading:

This is to buy and hold strategy. This strategy is suitable for beginners. However, when it’s done by an advanced trader, it can be a form of active trading.

Position trading uses longer term charts, anywhere from daily to weekly to monthly in combination with other methods to determine the trend of the current market direction.

This type of trading may last for several days to several weeks and sometimes longer, depending on the trend.

✅ Swing Trading

Swing traders get in the game when a trend breaks. At the end of the trend, there is usually some price volatility as the new trend tries to establish itself. Swing trades are usually held for more than a day but for a short time than position traders.

✅ Scalping

Scalping is one of the quickest strategies employed by active traders. It includes exploiting various price gaps caused by bid-ask spread order flows.

The strategy generally works by making the spread or buying at the bid price and selling at the ask price to receive the difference between the two price points. Scalpers attempts to hold their positions for a short period.

✅ Crypto Trading Technique

If you want to start trading cryptos, then you need to figure out what type of trader you want to be. You should know the technique you will be using. It’s important for every trader to have their own trading technique that works for them.

Here are two main trading techniques:

🔹️Fundamental analysis
🔹️Technical analysis

You can use any of the techniques or both. It’s important that you discover what works best for you and stick with it.

✅ Crypto Trading Strategies

A trading strategy is a trading fixed plan designed to achieve a profitable return, either going long or short in Crypto market. There are four different types of trading strategy. You will need to decide the method you want to use.

However, for every trading strategy you need to define the crypto to trade, your entry and exit points, and apply your money management rules. A bad money management can make a potentially profitable strategy unprofitable.

Here’s how to formulate a trading game plan? You do it on paper before going into the market. This is where a lot of traders fail.

✅Types of Crypto Trading Analysis

After figuring out the kind of trade that you want to be the next thing you need to put in mind is type of analysis you’ll be using for your trade. We have to type of analysis and they are

✅ Fundamental Analysis

This is a method of measuring a coins intrinsic value by examining related economic and financial factor. The end goal is to arrive at a number that an investor can compare with the coins current price in order to see if the coin is undervalue or overvalued.

✅ Technical Analysis

Technical analysis is just the discipline that is used to evaluate crypto investment, and to identify trading opportunities by analyzing statistical trends gathered from trading activities. Here are the activities that are analyzed, price movements, trade volume, moving average, time frame and etcetera.

✅ Analyzing Coins

You must also know how to be able to analyze a coin, to know the ones that have great potentials for trade; by checking their market capital value, the volume of the coin, the most use of the coin, the team behind the coin, the technology behind the coin and how the coin is currently in demand.

✅ Risk Management

You need to know how to minimize your risk. Crypto trading is risky and the market is volatile. But by setting stop loss, having a plan and sticking to the plan, without allowing greed to control your trading, you will bulletproof your investment from unnecessary losses.

✅ Diversify Your Portfolio

Have a diversified portfolio. Don’t put all your money in one coin. Spread your money in different coins. Even if you have love in one coin, you can also gain in other coins to help cover the loss from one coin.

✅ Conclusion

Generally, Cryptocurrency trading is not for everyone. You need some technical knowledge to trade crypto. Although, you can buy and sell anytime you want. That doesn’t mean you are trading Cryptocurrency.

To really trade Cryptocurrency you have to use platforms that allows you to do so. But first, you have to undergo a training on trading. Because the risk of losing is higher than the gain of winning. And trading risks are permanent, unlike staking and farming that has impermanent loss.

It’s not advisable to engage in Cryptocurrency trading without adequate training on how to trade either of spot, features or even derivatives. If you know very little about Cryptocurrency it’s best to stick with more guaranteed investment options like staking and farming – that has little risk, which is also impermanent in nature.

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Lesson 1: How Cryptocurrency Investment Work

Crypto is money but a different kind of money. Unlike your dollar or naira that’s of stable value, Cryptocurrency can grow or decrease in value. However, the value is depended on factors of commerce like demand and supply – which makes it volatile and at the same time potentially more valuable than normal money.

Since both are money, let’s look at which of the money is better for you. Here are a few list of things to consider:

🔹️Control over your money
🔹️Future of your money
🔹️Value of your money
🔹️Investment of your money
🔹️Security of Your Money

✅ Crypto Lessons Table of Content

Before we continue, if you missed the introduction go back and go through it first. Here is the table of content to help you navigate through the entire course from any part of this lesson.

🔹️INTRODUCTION – Learn Cryptocurrency Investment
🔹️Lesson 1: How Cryptocurrency Investment Work
🔹️Lesson 2: How to Setup Token Wallet Address
🔹️Lesson 3: How to Claim Free Cryptocurrency
🔹️Lesson 4: How to Trade Cryptocurrency
🔹️Lesson 5: How to Pick Cryptocurrencies to Buy
🔹️Lesson 6 How to Farm Cryptocurrency
🔹Lesson 7: How to Sell Cryptocurrency

So, this lesson and the other lessons will focus on teaching you WHAT TO DO. So much theory will be overlooked and the focus would be on practical. This lesson one is just to give you that familiarity as a first timer.

Among the things you will be learning in lesson 1, you will also get to understand the following:

🔹️What’s Coins and tokens
🔹️What’s a Smart contract
🔹️Different types of Blockchain network
🔹️What’s Crypto wallet
🔹️What’s Crypto exchanges

✅ Cryptocurrency Versus Fiat Currency

Let’s start with giving you a clear view on Cryptocurrency as money, different from your normal or fiat currency. Fiat currencies are money issued and controlled by governments. An example is the US dollar and Nigerian naira.

Here’s what you should know about Cryptocurrency in comparison to fiat currency.

✅ Control Over Your Money

Let’s start with control of your money. One of the huge benefits you get with crypto is that you are in control of your money. No government has control over your crypto.

That’s why they don’t like crypto, because they can’t control your money. You don’t have control over your dollar or naira, the government does, and they can change the exchange rates as they want.

✅ Future of Your Money

Crypto is the future of money. As much as governments don’t like it, crypto will eventually take over the monetary systems of the world. The earlier you start growing your crypto money the better for you.

The reason for the high adoption of cryptocurrency, which of course would continue, regardless of government disagreements, is the fact that crypto value grows. If you have 10 crypto today and it’s worth $10, the value have the ability to increase or even decrease in the future. But that’s not possible with your normal or fiat currency.

✅ Value of Your Money

Let’s look at value creation. Your normal money doesn’t just increase in value overtime, it can only increase in value when compared with another currency, like the value of naira to dollar.

For cryptocurrency, it’s value doesn’t rise only in comparison with another crypto. The value is control by demand and supply. The value of another crypto doesn’t necessarily affects it that much, excerpt that what may affect Bitcoin price for example can equally affect Ethereum as well.

For example, Bitcoin price some years back was worth $0.1 per 1 Bitcoin. But today, the value has grown to as much as $60,000 for 1 Bitcoin. If you had bought 1 Bitcoin then, it is worth much more now.

✅ Investment of Your Money

If you have money in the bank, you can invest it into savings to earn more money and the percentage can be so small. But with crypto you can earn as much as 100 percent monthly on your crypto savings.

For example, if you staked (saved) $1,000 worth of some cryptos, in 30 days you could end up with $1,000 return. That’s why many are rushing into crypto Investment. Even if you get 10, 20 or even 50 percent per month, it’s huge compared to anything the bank can ever offer you.

Your money in the bank is actually a waste of investment. The right place to save your money is in crypto.

✅ Security of Your Money

One of the reasons many are being discouraged about Cryptocurrency is the issue of security. Thieves are everywhere, even in the banks. In fact, the worst thieves are those in the banks who have access to your money.

In crypto you are the only one that has access to your money. Before anyone could steal it, it’s either you let them into your wallet ignorantly as many have been doing or you foolishly handed over the keys to your wallet to them.

✅ How to Get Rich With Cryptocurrency

Apart from Crypto being digital money, it’s also a digital asset. It’s a combination of monetary and value assets. That’s what makes crypto different from normal money.

By holding crypto means you are holding a digital asset which has potential to increase in value overtime. By simple demand and supply principle, any crypto can increase its value overtime.

Let’s use Bitcoin to illustrate this simple fact. The price of one Bitcoin is already in the tens of thousands. But the price started from some fraction of a cent some years ago.

The much longer you hold a crypto the more likely it’s value would increase overtime.

✅ Guide to Crypto Riches

You are going to get Rich if you invest in Cryptocurrency but you have to follow some simple guide. Here is my guide to help you succeed:

🔹️Get more knowledge about crypto investment
🔹️Know how to invest and farm crypto assets
🔹️Buy cryptos early before they become popular
🔹️Understand the crypto you buy before you buy
🔹️Have your own crypto investment strategy
🔹️Avoid buying crypto when it’s pumping
🔹️Buy crypto mostly when the price is in the dip
🔹️Don’t sell in the dip unless you have a better plan of recovering your capital
🔹️Understand crypto impermanent and permanent losses
🔹️Don’t be tempted to buy every Cryptocurrency you see
🔹️Avoid being harmed by crypto speculative rumors and reviews
🔹️Don’t allow greed control your crypto investment strategy

✅ What’s Coins and Tokens?

There’s really nothing much to explain about coins and tokens. So, I’m not going to waste your time with bogus explanations. Coins and tokens are relatives – almost the same but slightly different.

The value of a Cryptocurrency is not improved because it’s either a coin or a token.

But here’s what makes the difference, and that’s all that should matter. A coin is a Cryptocurrency that has its own Blockchain. While a token is a Cryptocurrency that’s built on another Blockchain that’s not its own. However, a token can migrate or upgrade to become a coin.

✅ What’s a Smart Contract?

A smart contract is what defines the trade in a Blockchain or crypto project. It’s a legal agreement that’s electronically programmed to execute the agreement of a binding contract. These programs are set to run or execute an agreed contract when certain conditions are met.

A crypto smart contract helps you understand how a token project would work, what’s possible in the project and who’s responsible for certain functions of the agreement, and what’s the benefit when certain conditions are reached.

In a simple more clear way, a smart contract is what makes Cryptocurrency project possible and trustworthy.

✅ Different Types of Blockchain Network

First, let’s understand Blockchain. The best way to understand Blockchain is to look at what a Blockchain can help you achieve.

🔹️It’s a system that records information
🔹️Makes it difficult to change, hack or cheat the system
🔹️It duplicates and distributes information across the network
🔹️It creates permanent, public and transparent data

However, a Blockchain is simply a digital ledger of transactions. But let’s look at the different types of Blockchain networks, which is more important for an investor. Here’s a few of them:

🔹️Ethereum
🔹️Smart chain
🔹️Ethereum classic
🔹️TomoChain
🔹️Thunder token
🔹️GoChain
🔹️POA network
🔹️Callisto
🔹️Tron
🔹️Vechain
🔹️Waves
🔹️Kava
🔹️Solana
🔹️Wanchain

✅ Difference Between Crypto Wallets & Crypto Exchanges

A wallet and an exchange are not the same. Don’t mix them up. Although both can work together and can be used to store cryptos, but they are not the same.

Let’s look at some of the main difference between them.

✅ What’s Cryptocurrency Wallet?

A wallet can be a physical device, program or service which holds access to your cryptocurrencies.

Crypto wallets don’t technically store your crypto, but they store the public and private keys that’s required to buy cryptos – while also providing digital signatures to authorize the transactions.

There are different types of crypto wallets, but here are a few that I recommend:

🔹️Trustwallet
🔹️Maetamas
🔹️SafePal

However, for this class I’m going to be using Trustwallet as my preferred wallet. So, go download it on Google Playstore or IOS platform.

✅ Understanding Crypto Exchanges

A crypto exchange simply facilitates the transaction of cryptocurrencies with other assets like digital and fiat currencies. They act as intermediaries and marketplace for buyers and sellers of Cryptocurrency assets – while they make money through charging commissions and transaction fees.

There are two main types of crypto exchanges:

🔹️Centralized exchanges and
🔹️Decentralized exchanges

The centralized ones are under the preview of government and requires to follow some business legislative rules like KYC (know your customer) requirement by law. They are also required to register and be legalized in the countries of operation.

But a decentralized exchange is completely the opposite of a centralized exchange. They are simply gateways to access, buy and sell crypto assets. They may not hold your assets or require KYC process.

There are many crypto exchanges in the world, here are a few of them:

🔹️Binance exchange 
🔹️KuCoin exchange
🔹️BitMart exchange
🔹️Crypto.com Exchange
🔹️Gate.io Exchange
🔹️LBank exchange
🔹️PancakeSwap
🔹️Position Exchange 
🔹️Uniswap exchange

✅ Conclusion

Although, this is all there’s to know about crypto investment. But it’s a starting point. As you make progress in this lessons you will learn more. And the more you get involved into Cryptocurrency market you will learn even more by experience.

Don’t limit yourself and don’t stop learning. Cryptocurrency market is very dynamic. Things equally changes regularly. You have to keep learning to keep updated all the time. As long as you stay in the crypto space you will not lack knowledge.

Join Crypto Lessons Groups: You can join our groups on WhatsApp and Telegram.

🔹️Disclaimer: Crypto investment generally is volatile. This post doesn’t encourage a risk-free investment. You have to consider all your options and possibly Do Your Own Research (DYOR) before investing in any crypto project.

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Crypto Lessons – Learn Cryptocurrency Investment for Beginners

Welcome to Crypto Lessons! The Cryptocurrency marketing is growing all around the world, despite government’s efforts to frustrate the currency. These lessons are packaged to help you understand Cryptocurrency Investment from a beginner point of view.

I’m Chinedu David – I’m your Crypto Lessons instructor. My students call me BOSS, because I make them to become bosses with money. If you joined this class to make crypto money then welcome.

So, don’t try to confuse yourself with what they do or teach elsewhere. Ours is different, and you will see as you stay here with us. I advise that you also join the groups on both WhatsApp and Telegram for practical knowledge.

The purpose of this beginner lessons on Cryptocurrency is to help you learn things you should be doing as a beginner. But the best way to benefit from these lessons is to practice what you learn.

Each of the topics have been carefully selected to help you learn what’s more important for a beginner. If after going through the lessons you still can’t do it yourself then you haven’t practiced what you learnt. Keep repeating the lessons until you get it right.

There are 7 lessons in this course. Study and practice at least 1 lesson per day. Don’t rush it. If you spend a day practicing on what you have learnt it will help you get better.

Here’s how to know if this lessons are for you.

🔹️Do you know what is cryptocurrency?
🔹️Do you have any Cryptocurrency?
🔹️Do you know what a crypto wallet is?
🔹️Have you ever purchased Cryptocurrency on your own?
🔹️Do you have most of your money in the bank?
🔹️Do you know what Bitcoin really is?
🔹️Do you know how to invest into Cryptocurrency?

Now, these are just few questions to help you assess yourself and to decide if you need to follow the lessons. After reading the questions, provide answers to all of them and score yourself. If you got anything less than 55 percent, you desperately need to take this lessons.

If you qualify for this basic Cryptocurrency lesson, here’s what you are about to learn. However, if you scored above 55 percent but don’t know much about the content of the lesson described below, you still need to partake in the lessons.

✅ Crypto Lessons Table of Content

Here’s the content of the lessons. Each of the lessons have links to the content of the lessons. To participate in each lesson you have to click on the link of the topic you want to learn.

🔹️Lesson 1: How Cryptocurrency Investment Work
🔹️Lesson 2: How to Setup Token Wallet Address
🔹️Lesson 3: How to Claim Free Cryptocurrency
🔹️Lesson 4: How to Trade Cryptocurrency
🔹️Lesson 5: How to Pick Cryptocurrencies to Buy
🔹️Lesson 6 How to Farm Cryptocurrency
🔹️Lesson 7: How to Sell Cryptocurrency

✅ Lesson 1: How Cryptocurrency Investment Work

The first lesson is an introduction. The idea is to help you understand Cryptocurrency market. It will help to explain how Cryptocurrency Investment work. And many other things as:

🔹️Smart contract
🔹️Blockchain network
🔹️Crypto wallet
🔹️Crypto exchanges
🔹️Coins and tokens

You will also be able to understand the different Blockchain networks. It will just give you the basic crypto Investment knowledge without the fluffs.

✅ Lesson 2: How to Setup Crypto Wallet Address

This lesson addresses the issue of wallet only. It’s more practical than theory. First it will help differentiate between wallets and exchanges. Then, You will learn:

🔹️How crypto wallets Works
🔹️How to setup new wallet address and
🔹️How to secure your crypto wallet

✅ Lesson 3: How to Claim Free Cryptocurrency

Crypto also offers some free money. This lesson will help explain about this free money, who’s more likely to give away free money and why. So, this lesson will teach you the following:

🔹️Tools you will need to claim free cryptos
🔹️Where to find these free cryptos
🔹️How to protect yourself from scam tokens
🔹️How to create a separate wallet for Airdrops

✅ Lesson 4: How to Trade Cryptocurrency

Here’s the most important aspect of Crypto Lessons. It’s actually the main reason I started this free class. You need to know how to do it yourself. This lesson will teach you:

🔹️How to buy tokens
🔹️Payment currency to buy cryptos
🔹️Different Apps to buy tokens
🔹️Introduction to Cryptocurrency Trading

✅ Lesson 5: How to Pick Cryptocurrencies to Buy

Here you will learn it’s not all crypto that’s worth buying. You must be Strategy on what crypto to invest in. So, you will be learning about:

🔹️Different types of tokens to buy
🔹️What makes each token different
🔹️Benefits of each token for your portfolio

✅ Lesson 6 How to Farm Cryptocurrency

This lesson is the fastest way to earn passive income in crypto now. Learn it and apply it. If you want to make regular income, here’s your key to massive daily earnings from crypto. You will learn:

🔹️What’s digital farming?
🔹️How digital farming works and
🔹️How to start farming digital currency

✅ Lesson 7: How to Sell Cryptocurrency

Here you will learn how to sell your crypto profits and transfer the money into your bank account. It’s one of the most asked questions by Beginners, and it will be answered for you here.

Although you are yet to start earning money from crypto but it’s important that you know how to get your money into your bank account. You will learn the following:

🔹️The best exchanges to cash out your crypto money
🔹️The exchange that works best by my experience
🔹️How to easily cash out your money

✅ CONGRATULATION!

If you have completed this course you should already be making money. If you haven’t started making money then it’s proved positive that you haven’t completed the lessons yet.

If you have gone through lesson 6 and 7 you should have earned some money. Lesson 6 teaches you how to make money the same day you study it. But you won’t even know what to do until you have done lesson 1 to 5.

While lesson 7 shows you how to get the money you have earned into you bank account if you wish to do so. If that’s not yet your experience, repeat the lesson again until that has become your experience.

✅ Comments & Testimonials

Here’s what should pay for this free course. Drop us your own comments about this course, detailing your testimony of how (if any) this course has made you successful in Cryptocurrency investment.

Remember that you got this knowledge for FREE. This comment and testimonial is the only fees you will ever pay for this free crypto knowledge. Pay it with joy.

Also, by sharing your own personal testimony, you inspire someone who may have doubts to quickly resolve any doubt and also take this free course.

THANK YOU!

 

Disclaimer: Crypto investment generally is volatile. This post doesn’t encourage a risk-free investment. You have to consider all your options and possibly Do Your Own Research (DYOR) before investing in any crypto project.

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Lesson 2: How to Setup Token Wallet Address

How do you setup new token wallet address? If you are new in Crypto there’s so much to learn. These are not things you will figure out yourself. You need someone to guide you.

This guide applies to shitcoins. Most new tokens to be launched or even newly launched shitcoins don’t always have their token address setup on Trustwallet.

In case you don’t already know, newly launched tokens are called shitcoins, especially those ones with very high volume of a billion and above.

You don’t get to find those shitcoins on major crypto centralized exchanges (CEX). So, the only places you can find them to buy are from decentralized exchanges (DEX).

Since these tokens are only available on decentralized exchanges, you need to learn how to buy them.

✅ Crypto Lessons Table of Content

Before we continue, if you missed any of the lessons go back and go through it first. Here is the table of content to help you navigate through the entire course from any part of this lesson.

🔹️INTRODUCTION – Learn Cryptocurrency Investment
🔹️Lesson 1: How Cryptocurrency Investment Work
🔹️Lesson 2: How to Setup Token Wallet Address
🔹️Lesson 3: How to Claim Free Cryptocurrency
🔹️Lesson 4: How to Trade Cryptocurrency
🔹️Lesson 5: How to Pick Cryptocurrencies to Buy
🔹️Lesson 6 How to Farm Cryptocurrency
🔹️Lesson 7: How to Sell Cryptocurrency

So, this lesson and the other lessons will focus on teaching you WHAT TO DO. So much theory will be overlooked and the focus would be on practical.

✅ What’s Token Address?

To start creating token address, you need to know what we are actually talking about. What’s a Crypto wallet address?

When buying crypto you need a wallet to store them. These wallets assign address to each individual token you buy. This address also makes it easy to transfer or sell these tokens.

Every token is linked to a unique contract address. No two tokens or coin can share the same contract address, usually abbreviated as CA. Sometimes, it’s referred to as smart contract address.

Each wallet address is linked to this contract address. That’s how any Blockchain network or Exchange would recognize the token you are buying or selling and to identify the wallet to send it to.

✅ How to Setup Wallet Address

The first thing you need to do when setting up a token wallet address on Trustwallet or any other compatible wallet, like Metamask, is to know the parameters required to set it up.

Once you know what you need, the next step would be to know how to set it up.

Here are what you would need below:

🔹️Blockchain network the token is built on (Important)
🔹️Contract address (CA) of the token (Important)
🔹️Name of the token (Optional)
🔹️Token symbol (Optional)
🔹️Token decimal number (Optional)

Just for Example – NFTSEA Contract Aaddress on EtherScan:

🔹️Blockchain Network: Ethereum ERC20
🔹️Contract Address (CA): 0x5b31B8cA1770CF1F817146B4cD2078Bf8629bf8a
🔹️Name: NFTSEA
🔹️Symbol: NS
🔹️Decimal: 18

Those I branded important are a must. If you don’t know them you can’t even setup the address on Trustwallet or any other wallet for that matter. But those I regarded as optional simply means you can bypass them.

Trustwallet can let you pull out these optional parameter if you don’t know them. That’s why I consider them optional. It’s no that they are not required or can be omitted. They are required, if not, the address won’t work.

✅ How to Find Token Contract Address

Among the two important parameters for setting up a token Address, the contract address is very sensitive. You need to have the correct address or nothing would work.

It’s easier to know what Blockchain network a token is built on because it’s usually more publicized than contract address. But you have to ensure the contract address it’s the right and correct one for the token you want to setup.

Like every kind of address, it must be correct. It’s better to COPY it directly from where it’s found than writing them down. The numbers can be tricky and complicated to write down.

Here are two popular places to search for token contract address using the name of the token:

🔹️BSC Network: bscscan.com
🔹️Ether Network: etherscan.com

✅ Steps to Setup Token Address

♦️Step 1: Open Trustwallet & Click On Token Search Button

 

♦️Step 2: Scroll Down And Click On Add Custom Token

♦️Step 3; Select Token Blockchain Network

♦️Step 4: Copy & Paste Contract Address Using Paste Button

♦️Step 5: Click On DONE

Note: If you paste the contract address and the other parameters didn’t populate, you can add them manually. However, be sure that you are using the right contract address, and you selected the right Blockchain network.

✅ Conclusion

If this is your first time of doing this, kindly drop a comment below. It will be appreciated. You can also share briefly your experience in Crypto.

🚀 Start earning over 1,000% in digital farming with POSITION EXCHANGE. Use this link swap, stake or farm POSI Token, click to link account or copy to paste in your TrustWallet or Metamask DAPP to connect to Position Exchange 

🚀 Get a crypto account with Binance Exchange. click link below to register

🔹️Disclaimer: Crypto investment generally is volatile. This post doesn’t encourage a risk-free investment. You have to consider all your options and possibly Do Your Own Research (DYOR) before investing in any crypto project.

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POSI Vault – How to Earn Over 10,000% APY

POSI vault is magic. Until you have tested it you may never understand. It’s the fastest way to earn MILLIONs of dollars in 1 year. And I’m not exaggerating.

If you have never see auto compounding at work, here’s the best form of it in POSI money magic vault. I’m going to show you how it works and help you follow my guide to turn it on for yourself.

The first thing to understand about POSI vault is that it works by compounding your earnings. That’s how the magic starts.

This means if you are harvesting your earnings you won’t benefit from the vault auto compounding power. But if you hold your profit in the vault, it will turn to a million some day. I though I should let you in on this earlier so you don’t get wrong idea and start spending like you won the lottery.

✳️ How POSI Vault Works

The best way to understand how POSI vaults work is to compare it with how the normal farm LP staking works. You start by swapping either BUSD or BNB to POSI. Then, you pair the two tokens to create and LP token.

You now go on to stake the LP token into the pool. As you earn, you harvest your earnings and repeat the same prices again to reinvest your earnings in other to compound it.

Now imagine all the above process can be done just by 1 single click. That’s the power of POSI Vault.

✳️ Benefits Of POSI Vault

🔹️The best User friendly interface of vault
🔹️Auto compounding
🔹️Higher annual percentage yield (APY)
🔹️Cost saving in gas fee
🔹️Option to earn the Profit in any of the paired token
🔹️Option to also withdraw in POSI or BUSD or BNB, etcetera

✳️ POSI Vault Reward Currency

Each of the POSI vault is built on a particular Cryptocurrency. The same way the rewards are calculated. For example, BUSD vault calculates your rewards in BUSD, which is shown at the top of each vault display.

POSI currently has 2 vaults:

🔹️BUSD Vault
🔹️BNB Vault

However, to harvest your rewards you will have 2 options of cryptocurrencies to choose from. The BUSD Vault gives you option to harvest in BUSD or POSI. The same with BNB vault – with option to harvest in BNB or POSI.

✳️ What’s POSI Auto Compounding?

Auto compounding is the most important feature of the POSI vault. The vault is not actually different from POSI Farm. They both share the same features – providing liquidity for the POSI ecosystem.

But auto compounding is what separates the POSI vault from POSI Farm. The vault gives you the advantage to compound your earnings automatically. And saves you the high cost of manually compounding your rewards each time you chose to.

The work of POSI auto compounding feature is best described in two ways:

🔹️To help you reinvest your earnings easier, faster and cost effectively
🔹️And to help you earn more money by maximizing your investment

✳️ How Compound Interest Work

POSI Auto compounding interest is easy to understand. Your rewards are compounded and included as part of your vault pool. That means you also earn rewards on your already earned rewards.

That increases your earning in the POSI vaults after each 7 hours compound circle. The compounding power of POSI vault is what makes it truly special.

For a newbie, if you multiply how much you currently have staked in the pool by the monthly APY percent, it will give you the reward for one month.

Compound interest turns a simple percentage Earning into a super charged earnings. In POSI vault you can earn more with $300 invested in a month than with $1,000 invested in the POSI farm.

🔹️Note: Your earning amount is the amount used for compounding. That means once you harvest you won’t gain from compounding those earnings. To earn more from auto compounding, you need to hold your earnings in the vault.

✳️ What’s POSI Annual Percentage Yield (APY)?

Another attractive feature of the vault is the high APY. POSI vault rewards are calculated in APY. Annual Percentage Yield (APY) is often confused with Annual Percentage Return (APR). Although, they are both similar but not exactly the same.

While they are both Percentage earnings calculation, APY calculates with annual compound interest earnings. But APR is only calculated in exact percentage returns without compound interest.

So, POSI vaults earns helps you earn more by auto compounding your rewards to earn you more.

Furthermore, the daily and weekly income is showing in $ while its actually calculated in POSI. So if a $100 amount is giving a daily income of $2.19, its actually 2.19 POSI per day.

✳️ What’s POSI Vault Impermanent Loss?

POSI vaults is not without its risk. The very common one is LP pool impermanent loss. Just like any other liquidity pool, POSI vault suffers the same loss.

You need to understand impermanent loss to know how it affects your Investment in POSI vault. Liquidity pool farming requires a pair of 2 tokens. These pair must constantly remain at the same equivalent value.

But, there’s bound to be price fluctuations. And since both tokens may not have to experience price increase or decrease at the same time, one token must makeup the value of the other when it decreases.

Even if you staked BUSD you still provide liquidity pair with POSI. So, your BUSD (assuming its $1,000), will be split into POSI and BUSD and wrapped into LP tokens automatically by the vault auto mechanism.

When the price of POSI goes down, then you suffer impermanent loss and your overall value of your staked LP (BUSD) will decrease as well. It’s called impermanent loss because it can also be reversed when POSI price goes up.

But at the time POSI price is lower the value of your LP in the vault reduces as well, including your earning. During that time the value of your LP is lower you are suffering some loses.

✳️ How to Use POSI Vault

The vault simplified everything about staking in POSI liquidity pool. In a simple clicks you can perform all the 4 steps, from creating an LP token to depositing it in the pool.

🔹️Step 1. Click on Approve BUSD or BNB (as the case maybe) and confirm
🔹️Step 2. Click on Stake and confirm

Note that Staking LP into the vault requires BUSD for BUSD vault, and BNB for BNB vault. The vault will now automatically buy POSI with half of the deposited funds to pair into an LP token.

This process is done for you automatically. All you are required to do is to deposit the token of the vault you want to stake into and the vault will perform the rest of the task of pairing the token with PODI, creating the LP token and staking it in the pool for you.

✳️How to Migrate Your LP Tokens

If you already have POSI LP tokens you can also migrate them. That would mean that you have the corresponding LP to the vault you want stake into. POSI allows BUSD and BNB vaults. So, you would need POSI-BUSD LP or POSI-BNB LP to migrate to the vault.

Here’s what to do. Go to vaults, click on more (below the vault you want to migrate to), click on migrate then input the amount of the LP. You might need to first withdraw your LP tokens from the current farm before you can migrate.

✳️ How to Harvest From POSI Vault

Your earnings from the vault can be harvested once you have accumulated some earnings. But, the harvest function doesn’t start to work until after the vault has auto compounded your first earning.

That means your first harvest can only be after the first 7 hours of staking LP in the pool. And you also have a choice of which token to harvest.

Each vault would present you the option to harvest your rewards in any of the LP pair. For example, you can harvest in POSI or BUSD from the BUSD vault.

✳️ Vault Harvest Lockup Time

The vault has a feature that locks up your earnings till after the first 7 hours or after the first auto compound. Until this happens you cannot be able to harvest your earnings.

It’s only for 7 hours. So that shouldn’t be a problem. 7 hours is. To a long time to actually have earned so much to be in a hurry to harvest – unless you have a million dollar LP in the vault.

✳️ What’s POSI Bounty?

The auto compounding feature is not really automatic. To auto compound every 7 hours, someone has to trigger the compounding feature manually. The POSI bounty provides that manual trigger.

POSI bounty is a reward for who ever gets to first trigger the auto-compound for the vault by clicking and successfully claiming the bounty. After each claim the bounty restarts the countdown for another 7 hours.

In order to make the auto compound actually working, you have to trigger the function on the smart contract. This function can be triggered every 7h but must be performed manually.

So, the lucky one who manage to claim that bounty triggers the compound function of the contract and gets rewarded with POSI for doing the job.

✳️ POSI Farm Versus Vault – Which 1 is More Profitable?

If you are looking to invest in POSI liquidity pool, which one of the farms is better – POSI farms or POSI vault? This question is growing concern among investors right now. They are confused about which one to go for, especially those who are already in the farming pool but wants to migrate.

Before you move your LP token from the farms to the vaults, you need to know what advantages and disadvantages are there for you. Let’s look at these two opportunities from Position Exchange website to pick the one that’s more profitable for you.

Although both of them are the same product, but certain features differentiates them from each other. The best way to differentiate the farm and the vault is to say the farm is manual and the vault is automatic.

✳️ How POSI Farm Work

POSI Farm allows investors to stake LP token and earn rewards. The pool requires a pair of either POSI-BUSD or POSI-BNB to create LP token to stake in the pool.

The rewards are calculated based on defined percentages and credited to the farm account as being generated per seconds.

✳️ How POSI Vault Work

POSI Vault allows investors to stake LP token to earn rewards. This vault pool can do so much for you than you can get from the normal POSI farm.

Unlike the normal farm, the vault does somethings for you. In normal farm you will need to create the LP token yourself, and if you need to reinvest your earnings, it’s also done manually by you.

✳️ Huge Benefits of POSI Vault

If you have invested in POSI Farm you will find POSI Vault more profitable because of the auto compounding feature. You will be enjoying some automatic services – like do-it-for-you kind of features.

🔹️Create LP token automatically
🔹️Reinvest your rewards to earn more (auto compounding)
🔹️Harvest in multiple tokens

POSI vault does everything for you automatically. Even your rewards are reinvested for you 2 to 3 times in a day. The power of compound interest is multiplied on your vault investment.

If you are wondering between the farm and Vault where to stake your LP token, the vault is the ultimate advantage.

🔹️It’s cost effective to invest and reinvest
🔹️It runs on auto pilot, saving you time
🔹️It’s the best investment option for your LP
🔹️It also has high APY (Annual Percentage Yield)

Conclusion

POSI vault is the real deal for digital Farmers. If you understand the power of compound interest you won’t miss investing in POSI vault. But you have to obey the law of compound interest earnings.

To earn big with POSI auto compound you have to avoid harvesting your rewards for a period of time to accumulate your target earning.

It’s better to set quarterly or annual target. Assuming you want to compound for the next 3 or 6 or 12 months before you harvest. That means you are compounding all your earnings for the period you chose.

🚀 Start earning over 1,000% in digital farming with POSITION EXCHANGE. Use this link swap, stake or farm POSI Token, click to link account or copy to paste in your TrustWallet or Metamask DAPP to connect to Position Exchange

🚀 Also, you can get a crypto account with Binance Exchange. 

🔹️Disclaimer: Crypto investment generally is volatile. This post doesn’t encourage a risk-free investment. You have to consider all your options and possibly Do Your Own Research (DYOR) before investing in any crypto project.

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Lesson 5: How to Pick Best Cryptocurrencies to Buy

If you are looking for how to make money now, invest in crypto. But that’s not all. Even though cryptos are a great store of value for investors now, there are fraudulent cryptos posing to scam investors off their money.

The best crypto tokens are now difficult to spot. One has to look well to see what’s being offered and why it’s worth risking his funds in the project. While many crypto projects don’t prove the identity of the founders or their ability to operate a crypto project, one can find some solace to invest in some project by picking the right ones.

Yes, if I would have to wait for a long while to see value in the crypto project I invested in, I might as well ensure I invest in the right ones. The projects are too many now. So, using your time for only what would work best for your money is the right way to go.

Although, this article doesn’t address the issue of fraudulent token projects, but it does show you what types of tokens can earn you the most value in your Investment. It will help you find which crypto tokens are best investment for you and why you should trust them as a store of value for your money.

✅ Crypto Lessons Table of Content

Before we continue, if you missed the introduction go back and go through it first. Here is the table of content to help you navigate through the entire course from any part of this lesson.

🔹️INTRODUCTION – Learn Cryptocurrency Investment
🔹️Lesson 1: How Cryptocurrency Investment Work
🔹️Lesson 2: How to Setup Token Wallet Address
🔹️Lesson 3: How to Claim Free Cryptocurrency
🔹️Lesson 4: How to Trade Cryptocurrency
🔹️Lesson 5: How to Pick Cryptocurrencies to Buy
🔹️Lesson 6 How to Farm Cryptocurrency
🔹Lesson 7: How to Sell Cryptocurrency

So, this lesson and the other lessons will focus on teaching you WHAT TO DO. So much theory will be overlooked and the focus would be on practical.

✅ How Crypto Tokens Work

Tokens are used as a medium of exchange. They are tradable and can be used to exchange for goods and services, whether online or offline. But more uses for crypto tokens have not yet started. The world will one day wake up to other uses for crypto tokens in the future.

Right now, tokens are created to as a digital replacement for conventional currency. They are built on Blockchain technology, which provides some high level of anonymity. That way users can exchange and transact with tokens without revealing their identity to one another.

Crypto tokens also provides a fast means of payment for goods and services. But the primary reason investors flock the Blockchain to buy tokens is for its store of value. It’s one of the fastest ways of acquiring great wealth with little capital.

Those who bought Bitcoin at the early days can attest to it. Bitcoin price has grown from an insignificant value from its early days to what it’s today. The same applies to many other crypto currencies. It’s also the reason many new tokens are flooding the market, looking for a share of this new found wealth.

✅ Types Of Tokens to Buy

There are different types of tokens investors should always consider before buying. I will show you these tokens and reasons behind each one to help you understand the best tokens you should be buying. Each of them presents some benefits for your Investment.

While you can pick and invest in all the tokens I have explained here, you should use this to find the tokens that provides huge benefits in all the categories.

🔹️Exchange Tokens
🔹️Staking Tokens
🔹️Utility Tokens
🔹️Tokens with Reflections (RFI)
🔹️Meme Token

Note that some tokens may have a combination of two or more of the different token types. That makes them better choice for investors.

✅ EXCHANGE TOKENS

Exchange tokens are native tokens of an exchange. They can serve as utility and staking tokens as well. They are high in value and their price do appreciate faster more than order tokens.

Every exchange token belong to its own exchange where the token is the primary token of transaction. Some exchange tokens are also used as primary tokens outside their exchange. An example is Binance Smart chain token.

There are two major types of exchanges – centralized and decentralized exchanges. You can buy any token as long as it has the native token of an exchange.

The benefits of buying exchange tokens are many:

🔹️The price rises faster thereby increases your return on investment. Example is Pancakeswap, which started in 2020 and by 2021 the value has reached $24 per token.
🔹️You can stake the token to earn more tokens while you wait for price to rise.
🔹️The token is listed on the exchange from day 1 giving it an advantage above other tokens. And it does get opportunity to list with more exchanges as well than other tokens.

✅ Examples of exchange Tokens

There are so many exchange tokens in the market now. I will just give you a few examples. From the explanation you can easily identify a DEX token when you see one.

🔹️PancakeSwap
🔹️Binance Smart chain
🔹️Ekta
🔹️Ethereum
🔹️Crypto.com
🔹️BItMart token
🔹️POSI Token

✅ STAKING TOKENS

These kind of tokens are investors delight. They help you earn money from crypto on daily basis. It’s like fixed deposit investment. You stake your tokens to earn more of the same tokens or of a different tokens.

Every token is stakable. However, while some built their own platform to operate staking, some don’t have their own platform, making it difficult to stake them. Also, some partner with other staking sites to stake their tokens.

This should not really be a way to classify tokens but it’s important when buying into a new crypto project. It’s helps you maximize your investment from inception – at the time nothing much is expected from the token.

The benefits of buying staking tokens are huge:

🔹️You earn more tokens while waiting for token price to rise
🔹️The value of your staking rises as the value of the token rises increasing your return on investment.
🔹️It’s the best way to earn daily income from crypto
🔹️Annual Percentage Returns (APR) are usually higher than you can ever get from any other investment .
🔹️It’s the fastest way to multiply wealth in crypto investment

✅ Examples of Staking Tokens

What really makes the difference for each token is the APY (Annual Percentage Yield). Some tokens yield more than others. However, some new token projects create their own Staking pool, making them stakable as they are launched.

Almost every major Cryptocurrency is stakable. So my examples will explore few new tokens that have established themselves from the beginning, with their own ecosystem for staking.

🔹️POSI Token
🔹️Ekta
🔹️Amor
🔹️WSPP Token
🔹️PancakeSwap
🔹️Fresh Cake Swap

✅ UTILITY TOKENS

Utility tokens are tokens with use-cases. This has been the plan for tokens until Dogecoin changed everything, and added meme token to the list. Every token is designed to have a use case.

That’s what makes tokens valuable and useful as a currency. Although every token project may claim use case just to get users interest, you have to evaluate the present and future uses before buying into any project.

The benefits of buying utility tokens are huge:

🔹️the price appreciates much faster
🔹️It has user case and attracts a lot of investors interest
🔹️You can trade or easily swap it with other tokens
🔹️It’s get easily acceptable to exchanges and increases its speed of listing

✅ Examples of Utility Tokens

🔹️POSI Token
🔹️Ekta Token
🔹️PancakeSwap
🔹️Binance Coin (BNB)

✅ TOKENS WITH REFLECTIONS (RFI)

This kind of auto-staking tokens was made popular by Safemoon. It’s the easiest way to stake your tokens while your tokens are still in your wallet address. This uses the RFi technology that rewards token holders with some percentage of the gas fee.

It works by taking a percentage of every token buy and sell and sharing it among the existing holders. BabyDoge Coin takes 12% when you buy or sell but only 5% of it is shared among holders.

So, this works only when there’s a buy or sell of the token. It’s not a guaranteed way to earn from staking but it does have a huge potential for investors.

The benefits of buying reflection tokens are huge:

🔹️It doesn’t require any staking fees or network charges to earn reflections
🔹️It discourages holders from selling fast and helps to increase token price
🔹️You can earn huge reflections when buying and selling gets high
🔹️It’s the easiest way to stake your token without actually staking it

✅ Examples of Reflection Tokens

🔹️POSI Token
🔹️Babydoge Coin
🔹️CCDOGE
🔹️Safemoon

✅ MEME TOKEN

This one really took the world by joke. Yes, meme tokens are tokens without proper utility or started as a joke like Dogecoin. The concept was started by Dogecoin. But the huge disadvantage is their large token volume and lack of any use case.

The benefits of buying meme tokens are:

🔹️It usually have huge fan base supporting the meme
🔹️It discourages holders from selling fast and helps to increase token price
🔹️It can generate high ROI in a short time with pump and dump

✅ Examples of Meme Tokens

🔹️Dogecoin
🔹️Babydoge Coin
🔹️Akita Inu
🔹️Shiba Inu

✅ Conclusion

You don’t have to keep wasting money to buy any crypto out there just because they promised heaven and earth in their white paper. You should know what you stand to gain from the project if you buy.

There are so many scam token projects out there. They can promise quick return on your investment but that’s just to rip you off. Learn about crypto investment and stop throwing your money away at every seemingly promising project.

If you would like to learn more about crypto investments join my telegram group. Click this LINK to JOIN CRYPTO LESSONS NOW.

🚀 To swap, stake or farm POSI Token, click or copy Link , paste in your TrustWallet or Metamask DAPP to connect to Position Exchange

🔹️Disclaimer: Crypto or any other investment generally is volatile. This post doesn’t encourage a risk-free investment. You have to consider all your options and possibly Do Your Own Research (DYOR) before investing in any investment project.

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Lesson 6: How to Farm Digital Currency for Beginners

Farming now has a new baby – digital farming. It’s even more lucrative than farming food crops. Unlike food farming, digital farming yields returns daily. And the percentage yield is huge and can make you a million dollars faster than you can imagine.

Digital farming is the easiest way to earn quick returns on crypto investment. This post is to show you all about it – how it works, all you need to know about farming crypto, and how you can start farming immediately.

The best way to explain what really happens in digital farming is to give you this explanation using one of the examples of digital farming returns. In this case scenario, a $1,000 can yield over 1,000 percent annually without compounding returns.

That’s if you invested $1,000 now in the next 12 months you can earn $10,000. But, if you compound your earnings monthly here’s the kind of returns you can expect. This example is for estimates only. Your earning will depend on prevailing percentage at the time of investing.

Startup Capital – $1,000 on monthly compounding:

🔹️Month 1 approximate earning – $830 ($1,830 compound invested fund)
🔹️Month 2 approximate earning – $1,500 ($3,348 compound invested fund)
🔹️Month 3 approximate earning – $2,779 ($6,127 compound invested fund)
🔹️Month 4 approximate earning – $5,085 ($11,212 compound invested fund)
🔹️Month 5 approximate earning – $9,305 ($20,517 compound invested fund)
🔹️Month 6 approximate earning – $17,029 ($37,546 compound invested fund)
🔹️Month 7 approximate earning – $31,163 ($68,709 compound invested fund)
🔹️Month 8 approximate earning – $57,029 ($125,738 compound invested fund)
🔹️Month 9 approximate earning – $104,362 ($230,100 compound invested fund)
🔹️Month 10 approximate earning – $190,983 ($421,083 compound invested fund)
🔹️Month 11 approximate earning – $349,499 ($770,582 compound invested fund)
🔹️Month 12 approximate earning – $639,583 ($1,410,165 compound invested fund)

How much you can start with may depend on you or the minimum allowed by each farm. I used $1,000 as startup for the calculation just to give you an idea of the earnings. I strongly recommend investing more or as much as you are willing to risk.

✅ Crypto Lessons Table of Content

Before we continue, if you missed any of the lessons go back and go through it first. Here is the table of content to help you navigate through the entire course from any part of this lesson.

🔹️INTRODUCTION – Learn Cryptocurrency Investment
🔹️Lesson 1: How Cryptocurrency Investment Work
🔹️Lesson 2: How to Setup Token Wallet Address
🔹️Lesson 3: How to Claim Free Cryptocurrency
🔹️Lesson 4: How to Trade Cryptocurrency
🔹️Lesson 5: How to Pick Cryptocurrencies to Buy
🔹️Lesson 6 How to Farm Cryptocurrency
🔹️Lesson 7: How to Sell Cryptocurrency

So, this lesson and the other lessons will focus on teaching you WHAT TO DO. So much theory will be overlooked and the focus would be on practical.

✅ Understanding Digital Farming

If you know about Cryptocurrency it’s a lot easier to understand digital farming. But I know that everyone understands what farming is. Your knowledge of farming will make it easier for you as well.

In the context of farming, you require SEED and FARM LAND. In digital farming you also need CRYPTO (the seed) and CRYPTO PLATFORM (the farm land). The crypto or seed will be planted on the platform or farm – and that’s how digital farming works.

However, unlike the food farming, this one can start earning you harvest immediately. The moment you planted your token or coin to farm, you start seeing your earnings immediately.

And you can start harvesting too. Although, some farms may lock harvest for a certain period of time – like first 10 hours or 24 hours or even more. But once the lockup time elapses you can start harvesting your earnings anytime you choose.

✅ Who’s A Digital Farmer?

It’s someone who’s farming cryptocurrencies. That’s the simple way to explain it. Digital currencies provides investors opportunity to earn more cryptos while holding a particular token or coin.

A holder of a token or coin that can be farmed and utilizes the platforms provided to Farm those cryptos is a digital farmer. In return you earn either more of the same token or coin that you staked (planted) or you could earn another token or coin depending on the offer from the farm.

A digital farmer earns from digital farms. That’s not to imply there are no risk. A good farmer must understand the risks involved, and ways to mitigate against it.

✅ Different Types of Digital Farming

In farming crypto you may encounter these different types of farming. Sometimes, it may be described as staking or liquidity pool. Whatever name it’s called, they are all farms. You are required to plant tokens or coins to harvest more tokens or coins.

Let me further explain the common types of crypto farming you are going to be encountering.

🔹️Single Pool Farming
🔹️Liquidity Pool Farming
🔹️NFT Pool Farming

✅ Single Pool Farming

Crypto offers rewarding single pool farming. This option is the farming of a particular token or coin to earn the same token or coin or a different token or coin. It usually involves the staking of a particular token or coin.

Simple pools are one of the most risk free digital farming in crypto investment. The only risk there is, could be the risk of the token price fall. If the price falls, the value of the token or coin earned through farming equally depreciates.

✅ NFT Pool Farming

NFT means Non-Fungible Tokens. A unique digital asset that represents ownership of real items like music, videos, clips, arts and more.

NFT staking is a new way of farming digital assets and it’s gaining more grounds lately. It involves the casting of NFTs in Staking pools to earn tokens or coins.

The process involves the purchase of NFTs from either NFT marketplace or from NFTs provided in the particular project, and staking it in the pool to earn more tokens or coins.

✅ Liquidity Pool Farming

A liquidity pool is one of the most useful type of digital farming that contributes to the overall activities of the Blockchain. Every token or coin project needs a liquidity pool to help facilitate buying and selling transactions.

Crypto platforms gives investors the opportunity to provide this liquidity to enable efficient transactions and equally earns them rewards for doing so.

Liquidity pool (LP) farming involves the pairing of two approved tokens or coins into an LP token and staking it in a pool to earn rewards. You can earn as much as 3% daily from your investment in a liquidity pool. That makes it one of the most profitable investment in Cryptocurrency.

But liquidity pool is not without its risk. Although, this risk is so described that most people get terrified of it.

✅ Liquidity Pool (LP) Impermanent Loss

In all of crypto investment it’s only in liquidity pool staking that its loss is so identified and also so described. Impermanent loss may be confusing to many crypto investors. But it’s important that you truly understand how this loss accrues to your farming assets.

Impermanent loss simply means a loss that can be short lived. Some of the best synonyms are uncertainty, fluctuation, hesitation, inconsistency, insecurity, etcetera.

In order words, impermanent loss may not become a loss until you pull out your LP token from the pool. An understanding of some vAMM Blockchain technology would give more clarity to how LP pool farming works.

✅ How Impermanent Loss Occurs

A liquidity pool requires the staking of two paired tokens or coins. The pairing requires the tokens or coins must be in equally monetary value.

But since crypto prices fluctuates, these values change regularly, and affecting the paired value of the two coins. If the price of one or both tokens depreciates it leads to impermanent loss, if LP is pulled out of the pool. This loss can be recovered over time if LP is still staked in the pool.

To maintain this paired value, the Blockchain vAMM would help to balance the pair values by automatically selling any excess value of one pair to buy back equal value of the other pair to keep them both at par on equal monetary values.

This maintenance can cause impermanent loss for one or both of the tokens.

✅ How Much Can Digital Farmers Earn?

Farming pool earnings are calculated in annual percentage returns (APR) or yield (APY). I have also done a simple calculation above using an approximate monthly compound investment plan. That should give you an idea and help you calculate your earnings as well.

However, there are other things you may need to consider when calculating your farm earnings. What you can earn from a farm would depend on the following:

🔹️How much percentage the farm offers
🔹️How much you invested
🔹️How much you can compound
🔹️How many times you can compound (daily, weekly or monthly)
🔹️How long you can stay in the farm

Note that there may be cost implications as well. The cost of buying the token or coin to farm maybe constantly increasing, thereby increasing your cost of investment. Also, there will be network charges for things like:

🔹️Staking fee per staking processed
🔹️Harvest fee per harvest processed
🔹️Network fees to pair LP tokens
🔹️Network fees to unlock LP tokens
🔹️Network fees to un-stake your tokens

These different costs depends on the Blockchain network and the farm you are using. No cost is fixed. The time and traffic can also affect the cost – either increase it or reduce it.

✅ How to Find Good Farms Early

As a digital farmer, your advantage lies in finding good digital farms early enough. Finding new farms early is a huge advantage you should explore. It’s not everyday you find farms with 1,000% APR.

Finding a new farm early means you have the advantage to buy the tokens at a pretty cheaper rate. Having the opportunity to buy in early is the number one advantage in digital farming.

There are several platforms where you could find new digital farms as they are launched, but there are many scams out there as well. You need to be guided as a beginner.

🚀 To swap, stake or farm POSI Token, click or copy Link , paste in your TrustWallet or Metamask DAPP to connect to Position Exchange.

✅ Follow A Mentor

You will be needing a mentor, if you are new to cryoto. A mentor is just a guide who can help you learn how to Start farming. It’s not a complicated process but it can seem so for a beginner.

Following someone who is already farming with success could be your fastest route to start farming cryptos.

Since you are reading this post now, I assume I can be your mentor in this regard. If you feel the need to follow me, then connect with me on telegram. This Link Adds You To My Group Of Others Like You Who I’m Mentoring.

Please note that I don’t take spamming lightly, and will remove and block you on telegram without warning if you spam the group. Be there to learn only and I will help you on how to start earning from digital farming.

✅ Time to Invest In Digital Farms

I will have to show you to start your first farm. I may also be updating this place to add more additional options or update on changes in any farm I may have introduced here. You must know that in investment things change with time.

Here are list of first farms I will encourage you to start with:

🔹️POSI Farm: earn over 1,000% APR. CLICK HERE TO START
🔹️Amor Farm: earn over 900% APR. CLICK HERE TO START
🔹️Ekta Farm: earn over 400% APY. CLICK HERE TO START

There are many other crypto farms out there. But be guided to make the best decision. The decision to invest in any of the farms is up to you. If you have limited funds and looking for the right farm to guarantee the best Return on your Investment, I will recommend POSI FARM for a start.

However, if you have large funds and wants to explore every opportunity to earn more, you can invest in all of them or as many as your funds can take. But make sure you truly understand the costs, return on investment, and attendant risks.

✅ Conclusion

If you are smart, here are some videos to get you started. In farming crypto, learning is important. Don’t assume anything. Ask questions and find out why, rather than working on assumptions.

Watch this Video on POSI:

When you are done, click on the link to link POSI with your Trustwallet or Metamask to buy and start farming POSI. You can also READ MORE ABOUT POSI FARMING HERE.

🔹️Disclaimer: Crypto investment generally is volatile. This post doesn’t encourage a risk-free investment. You have to consider all your options and possibly Do Your Own Research (DYOR) before investing in any crypto project.

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Grow Your Money

How Much You Can Earn With $1,000 In POSI Farm

Welcome to Crypto Lessons on MyBlog TV. I recommend you hit the subscribe button right now and also activate the notification bell to get new videos once I post them. If you are the first to know you will also be the first to earn.

The link to start earning with POSI is in the description box. If you find this helpful, Give this post a thumbs up, write us a good comment to help encourage more of our viewers and share it with your friends.

I want to show you how much you can earn with POSI Farm with $1,000 investment. So, let’s go…

POSI is a native token from Position Exchange – a decentralized derivatives trading protocol. POSI has two LP farms currently. It hopes to increase the number of farms soon. But I’m going to analyze the current 2 farms for you.

I want to show you how much is possible with $1,000 in POSI Farm. The $1,000 is not a limit, and not a minimum either. If you want to earn better with POSI farm, the more you invest the better.

 POSI Overview

You can see total locked value. This is huge. Also, POSI currently has more than 300,000 holders. They are currently targeting 5 million by December. The current token price is around $5.5 per POSI.

Although POSI has 100 million total Supply, the circulating Supply is still around 6 million. For those who just buy and hold, the RFI will still give you some POSI tokens from 1% of all transactions.

 POSI-BUSD Pool

The first POSI pool I will talk about is the POSI-BUSD pool.

️The speed is times 2
️The reward is in POSI
️APR is currently at (884.83) – expect it to fluctuate. But that’s the highest APR you can get from any solid project like POSI.
️No deposit fee required
️Harvest lock up is only for the first 8 hours

 1 Day Earning – is about 2.42% or 4.35 POSI per day without compounding. Note that the percentage and earning fluctuates as well with the APR rate. If APR goes up the earning percentage goes up. If it goes down, the pay go down as well.

 7 Days Earning – is about 18.25% or 32.78 POSI per week with compounding.

 30 Days Earning – is about 105% or 189.30 POSI per month. Note that this calculation is done with compounding earnings. If you are not compounding your earnings will be a little less than this.

 365 Days Earning – is about 638,523.63% or 1,124,913.84 POSI per year with compounding interest. At the current POSI rate that’s $6,384,417.67

 POSI-BNB Pool

The second POSI pool I will talk about is the POSI-BNB pool.

️The speed is times 1.4
️The reward is in POSI
️APR is currently at (873.2 ) – expect it to fluctuate. But that’s the highest APR you can get from any solid project like POSI.
️No deposit fee required
️Harvest lock up is only for the first 10 hours

 1 Day Earning – is about 2.39% or 4.36POSI per day without compounding. Note that the percentage and earning fluctuates as well with the APR rate. If APR goes up the earning percentage goes up. If it goes down, the pay go down as well.

 7 Days Earning – is about 18% or 32.34 POSI per week with compounding.

 30 Days Earning – is about 103.24% or 185.54 POSI per month. Note that this calculation is done with compounding earnings. If you are not compounding.

 365 Days Earning – is about 559,138.45% or 1,004,828.78 POSI per year with compounding interest. At the current POSI rate that’s $5,591,420.43

 Finally, you have to do you own research (DYOR). Okay guys thanks for watching, and join me and invest in POSI farms. If you have any question drop it in the comment box.

To swap, stake or farm POSI Token, copy Link below, paste in your TrustWallet or Metamask DAPP to connect to Position Exchange:

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How Do You Earn With Position Exchange?

If you are new in crypto, you may not fully know the huge potential of opportunities as presented by Position Exchange. But let me explain it briefly for you.

✅ What’s Position Exchange?

It’s simply a decentralized exchange. Which means you can trade any type of crypto on Position Exchange. You can see it as Binance of decentralized exchange. That means you don’t need to buy your cryptos from other exchanges like PancakeSwap anymore.

✅ What’s POSI Token?

POSI is a native token of Position Exchange ecosystem. You start your investment in Position Exchange by owing some POSI token. There’s no minimum of POSI you can own. Buy as much as you can afford.

✅ Brief Facts About POSI Token

🔹️It has only 100 million tokens in total
🔹️Less than 15% of it is currently in circulation (in September 5th, 2021)
🔹️The current price is around $7.4 (in September 5th, 2021)
🔹️It’s just 5 weeks old (in September 5th, 2021)

✅ How Do You Buy POSI?

POSI is available option buy on Position Exchange app. You can use the link provided here to buy POSI token with either your Traustwallet or Metamask wallet. You can also buy POSI on Lbank exchange and other exchanges that will soon be listing POSI.
POSI is also available from PancakeSwap. But the best place I recommend you buy POSI is on Position ex hanger app. Use link.

✅ Steps to Buy POSI Token On Position Exchange

🔹️Click on the POSI link to connect with your wallet, or copy and paste into your DApp browser
🔹️Select bsc Smart chain network
🔹️Connect your wallet address with the App
🔹️Click on the Menu icon
🔹️Select “Exchnage”
🔹️Enter the number of POSI you want to buy below
🔹️Above select the token you want to use in payment
🔹️Click on swap
🔹️Verify your order and confirm
🔹️Confirm to Make network payment

✅ How Do You Earn Money With POSI?

Position Exchange provides several products in its ecosystem that can earn you more POSI. Here are a few operational ones.

🔹️POSI Staking Pool
🔹️POSI LP Farm
🔹️POSI NFT Pool
🔹️POSI NFT Marketplace
🔹️POSI Derivatives Trading Protocol

Each of the products has daily earning power for your POSI. You can earn up to 1,000% APR from your POSI token depending on the pool you choose to invest your POSI.

Once you follow the process to stake your POSI in any of the pools available on the App you will start earning more POSI immediately. And you can harvest your earnings, sell it and send the money to your bank account.

✅ Steps to Earn More POSI

🔹️click on the menu icon
🔹️Select the pool you want to invest your POSI token
🔹️options to choose from (Pool, Farm, NFT and Trading)
🔹️For single Pool, select pool, approve POSI Staking, enter POSI to stake and stake it
🔹️For Farm, select Farm, approve POSI farm, create LP token pair (see how to create LP token), add your LP and start farming
🔹️For NFT Pool, buy your NFT, approve POSI NFT, select NFT and stake

✅ Conclusion

You can watch the following videos to help you understand some of the processes to invest your POSI in the pools.

🔹️Watch how to buy POSI
🔹️Watch how to stake POSI in single pool
🔹️Watch how to Farm POSI LP token

👇 POSI contract on BscScan:
0x5CA42204cDaa70d5c773946e69dE942b85CA6706
🔹 Name: Position Token
🔹 Symbol: POSI
🔹 Decimal: 18

🚀 To swap, stake or farm POSI copy Link below paste in your Trust Wallet DAPP to connect to Position Exchange

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