So today I’ve got this really cool Bitcoin Hardware wallet called Ballet Crypto Wallet. It claims to be the very first multi currency physical wallet which is non-electronic.
I must say that when I got it, it has a pretty good packing and its using “recycled” paper which is a good thing. Why I got it ?? Well … its stainless steel and I thought that it would be great to bring around during my presentation and an easier way to explain what Bitcoin and crypto is.
Upon opening you would be able to take out the card which is made out of stainless steel and also you have a hard casing for you to protect the card from unnecessary damage.
Here is the list of all the crypto that you can dump into this wallet. How it works is that you would require to download the mobile app and you can then activate the various coins you want to add to this.
There are a lot of crypto guys who has claimed that this is unsafe due to the nature that both the private key and address are printed on the card.
As for me, I don’t think I’ll place my entire portfolio here however it would be a great way to explain to someone who is new to cryptocurrencies on how crypto works in general and what is a wallet.
It would also be really nice if these guys support STEEM.
Now once we got that out of the way, let’s talk about Liquidity Pools and now you can make a profit out of it.
Liquidity Pools are basically you providing liquidity to the exchange in other words, you become a shareholder of a particular pair for example ETH/wBTC .
To be able to provide the liquidity you would need to place in any amount of liquidity into the pool. The only criteria you would need to comply if that if you place in 1 ETH then you would also need to put in 1 ETH worth of wBTC as well as the image below shows.
The more you put in, the more % of the total liquidity pool you would receive.
Why is the % of total the liquidity Pool important?
Well… basically how much fees you receive as a liquidity provider is really depending on how much of your contribution of the pool fees you provide.
How do I make money?
If you are familiar with exchanges, you would then know that every transaction that you do, you would need to pay a transaction fee. This is normally about 3% or less depending on the exchange.
So instead of giving the money to the exchange, each time someone swaps a token on Uniswap and its the pair which you have provided liquidity for, you will earn a % of that transaction fee. How much would depend on how much share % of the liquidity pool for that particular pair?
For example if you hold a 10% of the liquidity pool for the pair of ETH/wBTC then whenever someone swaps using this pair, 10% of the fees for swapping comes back to you.
The rate for the transaction which is set my Uniswap is currently 0.3% which is meant to encourage more people to use this as a service.
Which Pairs are most profitable at the moment ?
At this current moment, it shows that ETH/wBTC uniswap pools would give you a profit of about 6.55% over the next 30 days.
So how can I monitor my income from Uniswap ?
Here is a really good tool to have just to check the pools which are going to give you a return on your investment and also what your current profits are.
Ok, if you are thinking that you would be a multi millionaire overnight then Uniswap may not be for you. The gains are long term and you would expect a gain of about 4% – 8% APR depending on the pairs you are providing liquidity for.
Those pairs which gets swapped a lot are the ones which will be giving you some of the best profits.
How should I decide to be a liquidity pool shareholder?
If you have ETH which is just sitting down somewhere and not doing much, or even if you have BTC which is just sitting down in your wallets. Why not invest in a pool which will increase your volume gradually.
Once the price goes up, you could just withdraw from the pool together with all your earnings and cash out.
More references of Liquidity Pools can be found here, or you can search YouTube for a lot of videos about this
Just yesterday DTube finally after 4 months gave us an update of when their Mainet is going to launch releasing their new coin called DTC. The official set launched date would be on the 10th May 2020 !!!
They have explained in detail as to why the delay and what they are looking at plus some adjustments of how many DTC Coin would be launched. It has been adjusted from 100 million to 4 million … which is a huge jump down.
For those of you who are thinking of investing, do look at some stats which hopefully would tweak your interest more. Where is http://d.tube at currently and how much views is it getting?
Pulling up the charts from Similar Web you can see that d.tube is currently getting around 303k visits per day.
What is interesting is that the average visit duration is about 5 mins per visit. Now thats HUGE !!!! Can’t compare it to YouTube of course as YouTube has been around way longer.
Some of the advantages of using Decentralized Video Hosting sites are as below :-
There is No Censorship as once the video is uploaded, it practically can’t be removed by a 3rd party unlike YouTube where they can just turn off your video without warning. Here is a news which is related to this
No annoying ads which I’m sure you are pretty used to in YouTube or other centralized video hosting sites.
Great of new vloggers , like myself, I host my videos on both YouTube and DTube, however having a small tight community on DTube at this point of time is beneficial as I feel its giving me a chance even though I’m a nobody in the vlogging world.
Get rewarded in Crypto , now this is also a key element … YouTube pays you for advertising ads and you can catch bigger partnership deals once you made like 1million subscribers i guess, however on DTube, you are valued by the content and there are many kind steemians who support you by upvoting your original content.
So if you want to be part of DTube’s brand new relaunch, do check out details of their Whitepaper and perhaps grab some DTC coins. They plan to make DTube more efficient and easier for mass user adoption.
Cheers guys and hope you are having a brilliant day !
I’m sure that some of you are already trading cryptos on exchanges and some of you just hold your crypto and not so sure when you want to sell as you are sure that the value of that token will go up.
Well, since those crypto assets are yours to handle, no one has the right to tell you what you should do with it. However, let me share to you how I take advantage of increasing my crypto volume which you may want to also explore.
I use a tool called TokenSets. ( http://tokensets.com ). In a breif explanation as stated in the website is this.
In a simple explanation, you buy a Set which could consist of various pairs and different strategies. Like what is listed below.
The list above are preset SETS or you could use the Social Trading Sets which are created by other traders. Almost every SET has a different strategy or a different pair.
Here is a list of the current top traders who is sharing their SETS and you can see how many people are holders of their SETS as well.
How to Start ?
Its extremely easy to get started all you have to do is to find a set which you like, and then just click BUY or you could just SELL if you want to get out.
Do I need to do ANYTHING after I buy a TokenSet ?
Nope ! What happens is that whenever a trade happen, the smart contracts will execute the trade for you and all you have to do is to sit back and just monitor it from time to time.
Do I need to buy 1 whole SET or just spend $10 on a SET ?
Yes you buy only a fraction of a SET if you want to try out a variety of SETS. The option is all yours.
Why should I trust TokenSets ?
Well, the important thing that you should know is that your funds are safe in the contracts and since you are still the owner of the private keys, its safer then sending your cryptos to a 3rd party where the keys are not yours.
How much can I make with TokenSets ?
Since its a bull market, you can only see green and all seems to be making a profit. At average depending on the SETS that you choose, you may see about a 5% APR growth on your portfolio. Or you could be lucky and get much higher then that.
Yes, there is a chance that you may even loose in terms of value however it really do depend on which SETS you bought as every SET has its own risk %.
Which One Would You Recommend to start with ?
My favourite SET so far is ETHMACOAPY which trades and rebalances with Compound USDC. Meaning to say that if the trades swap from ETH to USD and stays in USD, I would be earning compounded interest on my USD till it rebalances back to ETH.
But, this is what I am using and a few other SETS, like what I said, do read thru these SETS and see which one you would like to try. I’m a pretty conservative trader so being able to get 5% APR, is pretty much a good deal for me.
Hope you like it as much as I do ! Cheers and have a brilliant day
According to BATGrowth Website ( https://www.batgrowth.com/ ) an independent Brave contributor which compiles the list of all the published websites / content channels which are verified Brave publishers.
How updated it is, I guess there needs to have some validation on this as I can’t find any other sites which has the updated list.
Here it states that there is about 42k websites who are now Brave Verified meaning, if you goto any of these sites using your Brave Browser and you have your auto contribution turned on, you would be helping out these content creators to earn a little bit of BAT for their content.
This works with social channels too like YouTube, Twitch, Twitter, Reddit, Vimeo and even GitHub.
As per BATGrowth website, there is over 250k of YouTubers who are verified and would be earning a little bit of BAT every month.
You do not need to be a famous YouTuber to earn BAT, it does help however even with little subscribers like myself, i was able to earn a few BAT per month. Not something to leave your day job however its great to know that you’ve received some BAT Tokens for the content you create.
Check out my small tiny earnings from my YouTube channel which have about 100 subscribers. Its not much however, I’m pretty much content for now.
So if you do have a social channel or a website, You really should just join in all these Brave Publishers and get verified today. You’ve got absolutely nothing to loose and whats important, You as a user would also be able to reward other content creators just by visiting their website.
To signup for a Brave Publisher account, do click on the link below and sign up.
I’ve been using Uniswap.exchange for a little while now and its a decentralized exchange with a very simple interface that allows you to SWAP your ERC20 tokens extremely fast and easy. You are also able to add in your own ERC20 tokens if you want it tradeable there.
Since I had some HUNT tokens and the only place available for you to trade was in DAYBIT.COM , I’ve created a liquidity pool on UNISWAP.EXCHANGE and placed my HUNT Tokens there to swap out for some ETH or vice versa.
As you are able to see in the image above, HUNT token is now available on https://uniswap.exchange/swap
How to do it ?
Swapping the tokens is very easy. For ease of explanation and since I’m using it already, please install Metamask and use that as its an ERC20 compatible wallet.
Then you can Transfer from ReviewHunt to your ETH wallet.
Once you have done that, you can then head over to https://uniswap.exchange
And connect with your Metamask wallet
Once you are successful in connecting your wallet, you are now ready to swap HUNT for ETH or the other way around ETH – HUNT.
Since the HUNT token has just started trading you would not be able to search HUNT yet .. however, you would need the HUNT token contract address. You could get it off Etherscan or just copy the contract address below
HUNT TOKEN CONTRACT ADDRESS
All you have to do is to enter in the address above in the search bar and you would then be able to locate the HUNT tokens which is now ready for trade.
Depending on if you want HUNT tokens or ETH, you would just need to fill up the appropriate field.
Now please be aware that there is only so much HUNT tokens in circulation and the only pair which is available right now is ETH/HUNT. Do learn more about Uniswap exchange if you have time to understand it better.
So, here comes the interesting part about Uniswap Exchange. Its a decentralized exchange where you are able to add liquidity to the pool, therefore you would be able to earn the transaction fees paid.
There is a lot of videos out there explaining this therefore I shall not get into too much detail about this.
However, you could add to the liquidity pool by adding either more Pairs ( creating an exchange ) or you could just add to the ETH/HUNT pairs.
Once you’ve added to the liquidity it enables more people to exchange or swap ETH for HUNT or whichever pairs you have created. And each time that happens, you get to earn the fees based on the Pool Share % that you hold.
So join me in adding more liquidity to HUNT tokens so that more people are able to use ReviewHunt and are able to exchange HUNT/ETH easily.
Do read more about Uniswap Exchange to understand it better as I found it really interesting and decided to provide liquidity to a few pairs to try these functions out.