Tag Archives: cryptocurrency

Automate your CRYPTO Trading with Smart contracts using Tokensets

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.

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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.

https://www.tokensets.com/set/ethmacoapy

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

Steemhunt – The hunts going live on Probit and IDCM

The Initial Exchange Offering is going to happen very very soon on both IDCM and Probit exchange !

Its a very bold move for HUNT token a supposingly SMT ( Smart Media Token ) to debut in a global exchange. Hopefully the other SMT candidates will follow suite quickly.

This would give a huge benefit to the STEEM ecosystem and may increase the volume trade of STEEM as well.

Read more about this in this article from STEEMHUNT https://steemit.com/steemhunt/@steemhunt/hunt-token-ieo-live-on-idcm-and-probit-exchange

I’ve been with the STEEMHUNT team as the moderator for about 1 year now and I’m truly impressed with the team behind STEEMHUNT and hope that you would all support Steemhunt ‘s IEO … btw if you become a early investor you will get extra bonuses.

steemhunt IEO details

A little bit more information about HUNT Tokens, its going to go at 0.02 USD per token. Grab it fast as there are numerous projects by these guys which would be released soon increasing the value of those HUNT tokens.

To find out more about HUNT tokens and its roadmap.

Please check HUNT token website, whitepaper, and pitch deck.

The spell checker which could have hacked Coinomi

I came across this article from Coinomi about a statement responding to a Mr Warith Al Maawali who had made a video on how if you used the Desktop Wallet of Coinomi, your restoration of the Coinomi wallet could be jeopardize because of a SPELL CHECKER function which google had.

If you didn’t understand that video, this is what it was explained in the most simplistic manner.

Since restoring a COINOMI wallet requires you to type in a RECOVERY phrase, Google ‘s Spell Checker kicks in and records down all the words you use which is shown in the right hand side of the screen.

This is a large vulnerability which could be exploited by hackers even though Coinomi claims that all information received thru the spell checker does not go anywhere. However its still a vulnerability which is acknowledge by Coinomi.

Here is the full responds from Coinomi in regards to this Spell Checker vulnerability.

https://medium.com/coinomi/official-statement-on-spell-check-findings-547ca348676b

Because of this COINOMI started getting a whole series of allegations about lost money in wallets and etc. etc. and the drama of COINOMI and their reputation is on the line.

Here is a reddit article about someone loosing their entire life savings just after using COINOMI wallets

So be careful as to what you use to keep your precious crypto, as people will always find a way to try to get your $$$ and these vulnerability in softwares & systems are consistently put to the test.

Do take necessary precaution in safe guarding your data and for cryptos, do not place it all in 1 wallet, I do suggest to have a bit of diversity in the method of storing your cryptos. And use only companies which emphasize on security.

Cheers and have a good weekend.