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Uniswap Exchange – Profiting from Liquidity Pools

I would guess that some of you have already heard about Uniswap Exchange by now, if not then you may want to check out this post which explains what Uniswap Exchange is all about.

https://www.mycryptopedia.com/what-is-uniswap-a-detailed-beginners-guide/

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.

https://www.uniswaproi.com/

Long Term Gains not Short Term

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

https://medium.com/@pintail/uniswap-a-good-deal-for-liquidity-providers-104c0b6816f2

Summary

Since DeFi is such a new topic and a lot of people are just getting into it. You’d be surprise on how many ways you are able to earn nicely from scouting around and finding trade opportunities.

I would share more soon and I do hope that you start to get curious as to how DeFi challenges the banks in so many ways and how to take advantage of it to receive some profits.

Lets talk DTube

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.

The announcement can be found here

https://steemit.com/dtube/@dtube/dtube-mainnet-launch-date-and-adjustments


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.

https://www.similarweb.com/website/d.tube

0xa0c0.png

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 :-

  1. 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

https://www.forbes.com/sites/billybambrough/2019/12/26/googles-youtube-goes-to-war-with-bitcoin-and-crypto-update/#5a011efa1b63

  1. No annoying ads which I’m sure you are pretty used to in YouTube or other centralized video hosting sites.
  2. 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.
  3. 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.

81wwgk.jpg

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.

https://token.d.tube/


Cheers guys and hope you are having a brilliant day !

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.

___

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

Brave Publishers Surpasses 400k

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.

http://youtube.com/bitrocker2020

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.

https://brave.com/ste089

Cheers guys and have a brilliant day !

Trade HUNT Tokens to ETH on Uniswap Decentralize Exchange

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

0x9aab071b4129b083b01cb5a0cb513ce7eca26fa5

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.

https://www.mycryptopedia.com/what-is-uniswap-a-detailed-beginners-guide/

How To Earn More by providing Liquidity

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.

Cheers and have a great day

REVIEWHUNT – Results of Creating A Quest

Over the past few days, I’ve been messing around with Reviewhunt as they have just “relaunched” the platform with new UI designs and simplifying it.

Within 24 hours I managed to earn about $7 in total value. Which I had transferred to my ETH wallet without any problems at all. You can sell your HUNT tokens on Daybit exchange. HUNT/BTC

I did a quick video awhile back on how to transfer your HUNT tokens to DAYBIT. https://www.youtube.com/watch?v=sMc2-BzbqkY

What are QUESTS on ReviewHunt ?

Quests are actionable items that you want participants to do. For example, like a social channel ( FB, Twitter, YouTube … etc ). There are countless things you could request a participant to do, for example, Play a game or do an App Store Review of a product.

In my trial, what I did was I created a quest to Subscribe to my YouTube channel and view and like one of my videos. Here is a snapshot of my Quest Brief

The budget’s which I set was only $12 for the entire campaign and anyone who participated would have gotten $0.20 per approved submission.

I paid the about 3,375 HUNT tokens to run the campaign which was about$12 at the time of payment. ( now its a bit cheaper since the price did go up over the past 24 hours )

The Results of Creating a REVIEWHUNT Quest

Ok … here were the results of doing that simple campaign. Literally my budgets ran out within 12 hours of launching the Quest as I could only fit in 60 participants with my budgets.

As the Maker of the Quest, you would require to moderate and approve submissions. And with only 60 participants allowed, it didn’t take much time and it was really simple to do.

In actual fact, I went to sleep and woke up the next morning seeing my YouTube notification just buzzing with messages.

I was getting more views and subscriptions from those who participated in the Quest. But this was expected as its almost like buying ADS from Google Adwords.

The main difference was that I was also getting comments and more engagement than the norm. You would also see that it would have started to show in searches based on the keywords you’ve placed in your video.

I’m pretty much a newb in YouTube videos and I’m not a SEO expert, so apart from using Google Adwords for me, these numbers are big for me.

Is it worthwhile using ReviewHunt to boost your social channel?

The main reason I did this Quest and targeted my YouTube channel was basically to try out how effective it is running a quest and I just wanted to get above 100 subscribers for my YouTube so that I was able to claim my name.

https://youtube.com/bitrocker2020

But the question would be, is it really worthwhile? While there are soo many options out there to buy YouTube views and to buy engagement. Reviewhunt is able to get you better quality results in terms of engagement from this test.

Paying $0.20 for a like and comment is considered a very high price for a Social Channel boost however if you are just getting started in your brand new channel, this may be a great solution for you.

Here are some challenges which I found while using Reviewhunt these participants for my quests.

1 – SPAM – With a low entry point of getting started on ReviewHunt, I found that there were multiple spam accounts which had joined the quest and they did do what was required including submitting in a screenshot. However, when you did look thru these accounts, you see that it was created only to gamify Reviewhunt and was there only to grab any hunts available for the $$$

**suggestions to team : create a Rating system for Makers to be able to rate the quality of the submission & also mark spam accounts.

2 – Quest Quality – Just as a participant ( hunters ) are able to signup and spam quest to gamify the platform, Makers are also able to do so by creating quests to promote scams/money games and such

** suggestions to team : create a rating system for Hunters to be able to rate or report a low Quality Quest ( promoting scams / money game )

3 – HUNT Token Liquidity – there is just not enough exchanges in which you are able to trade HUNT tokens, therefore a hunter may find it hard to understand how to liquidate their HUNT tokens. Also for Makers who want to buy HUNT Token to avoid the 20% conversion fee costs may find it harder to buy these Tokens.

**suggestion to team : Since most exchanges charge a fee to list HUNT token, why not create liquidity in DEX such as https://uniswap.exchange where anyone is able to add to the liquidity pool especially those who want to earn more from their HUNT tokens and this would surely push the trade volume up.

Summary

So, in conclusion, ReviewHunt is indeed a brilliant platform to use and to incentify users with getting rewards for just doing simple tasks. However like any other platform, we would surely see the true potential of ReviewHunt if there is a large volume of both Hunters and Makers which is consistently using the platform.

Its still considered early stages for ReviewHunt, however I’m confident that the team would work its magic and make it a really successful project.

Cheers and these are just my personal opinions of ReviewHunt. If you have not participated or login to ReviewHunt , do give it a try and let me know your views of it. Here is my referral link if you care to use it.

https://review.hunt.town/r/74

My very first Basic Attention Token (BAT) Publishers Payment

After many months of trying and testing and watching youtube videos and researching how its done, I’ve finally managed to receive my very first BAT publishers payment.

Its not huge, nor its something you could quit your day job (if you have one), however its just an achievement for me and it made my day.

A TOTAL OF 14.25 BAT !!!!!

If you quickly take a look at the current market price of BAT and see how much its worth .. well thats a total of $3.15. That’s mostly from my WordPress website and also my YouTube channel which I’ve added in my publisher’s account.

And on top of that, since I’ve set BRAVE browser as my default browser like a month ago. I’m also receiving BAT tokens just by browsing sites and also supporting other sites.

I’m still learning the ropes as to using BAT and start to see the value it can bring to websites who are using BAT pluggins.

So ! If you are already on WordPress and using Steempress , why not just install in the plugin and connect your Brave account. Share with me your link … I’ll go visit it and hey lets all earn a little bit more BAT tokens.

You could use this link if you’ve not already have a Brave account and I would get a little bit more BAT tokens.

https://brave.com/ste089

For those of you who are more seasoned in BAT, do share your experience and TIPs as I would love to learn more about this token. Like I said, I’m a complete nub at this and still learning it bit by bit.

BRAVE BROWSER FACTS

After using it as my default browser for a month plus already, here are a few things which you may want to know transitioning from Chrome.

  • You can install and use your web extention wallets such as MetaMask and Keychain . Even though you have a built in crypto wallet, I still choose to use MetaMask as I’m more comfortable with using it and sometimes I do switch over to Chrome and want the seamless ability to do so.
  • The browser does seems faster and some websites which loads slowly on Chrome seems to be way faster on Brave.
  • Brave Browsers blocks all these ads trackers and all sorts of other trackers which Google wants to know about your activities. So personally I do feel way much safer.

And most importantly of all, you are able to support authors with the BAT you earn from surfing to brave verified sites and watching ads ( if you allow it ) All of these are done automatically however you can set who you would like to support more.

So, do try out Brave Browser and if you are having a website of your own, just enable the Brave publisher’s plugin and start receiving some BAT tokens.

Cheers guys and have a brilliant day. Use my referral link if you don’t mind me receiving some extra BAT tokens =D =D

https://brave.com/ste089

By the way .. STEEMIT.COM is also a Verified Brave Publisher site

Event : What Bitcoin Is Not

Hey guys, I would like share with you an event which is happening at WeWork Equatorial Plaza next Wednesday from 12pm – 2pm. This event is organized by @bitcoinmalaysia which focuses on bringing more awareness to the general public on what Cryptos and Blockchain is.

It would also cover topics on some use case scenarios as to how it has impact businesses today and how some individuals uses it. So if you are in Kuala Lumpur next week, do come join all of us for this meetup just before the Chinese New Year holidays.

Here is the link to signup and its free at this point of time. However seats are very limited.

https://www.eventbrite.com/e/what-bitcoin-is-not-what-it-actually-is-bitcoinmalaysia-lunch-learn-tickets-89695476585?aff=ebdssbeac

Who Should Come ?

This event is meant for the most beginners level as in those who wants to get to know about the crypto / blockchain space but do not know where to start. Its purely introductory and there is no selling / promotion of any projects done during any of Bitcoin Malaysia ‘s community events.

Hope to see you all there and have a brilliant weekend

TechNovation Talk [UNTIL-Mind the Gap]: Decentralized Finance & Shared Economy

With the Malaysian govt now acknowledging and supporting blockchain and cryptos in Malaysia, there are numerous initiatives and talks starting to ramp up here in the city of Kuala Lumpur.

TECHNOVATION is one of them and looks like 2020 would be a big push for awareness into this space. There is an event happening tomorrow held in Cyberjaya, Malaysia and its featuring Ms Mastura Ishak who has been a strong supporter in the Blockchain space from the very beginning. She is the Program Director of MIGHT ( MALAYSIAN INDUSTRY-GOVERNMENT GROUP FOR HIGH TECHNOLOGY ) who has literally worked behind the scenes of many technology advancement here in Malaysia.

MIGHT Portal

Here is the agenda for Tuesday ‘s event.

If you are here in Kuala Lumpur and would like to attend this talk by blockchain enthusiasts / community drivers and also govt representatives , do sign up.

https://www.eventbrite.co.uk/e/technovation-talk-until-mind-the-gap-decentralized-finance-shared-economy-tickets-87088769855

Jason Chew ( @bitcoinmalaysia ) and also Harpreet ( @harpreetmaan ) would be speaking at this event. Lets all support them and mingle with industry experts here in Malaysia !

Cheers and have a brilliant day.

Bitcoin was named as the best investment of the decade

As I was going through the news today I came across multiple articles that caught my eye. CNN New York had reported that a report issued out by the Bank of America Securities had mentioned that BITCOIN (BTC) was the best investment of the decade.

If you thought about it, if you had invested about $1 in bitcoins at the start of the decade of 2010 and did absolutely nothing … you would literally have about $90,000 worth of BTC at your disposal.

https://edition.cnn.com/2019/12/17/investing/best-worst-investments-decade-bitcoin/index.html

If you looked at other commodities such as gold and silver, it would not have come even close to any of the percentage gains compared to crypto.

I remember buying my ETH at $13 and already considered it expensive, or DASH at $7 without knowing how high it would have gone by the end of 2017. We do wish that we could turn back the clock and bought more BTC, however, this would not be possible unless someone creates a time machine.

So what’s in store for us for this new decade? The 90s was literally the Dot Com era, moving towards 2k where people was focused on web 2.0 and the rise of mobile apps. 2010 onwards was the rise of digital currencies togather with a lot of other great innovations towards Internet of Things.

I think that 2020s would focus a lot on Digital Currencies in terms of stabilization and acceptance. It would also a focus on Machine Learning and also Virtual Reality where perhaps by the end of this decade VR has become so widely used that large virtual cities would actually coexist and the opportunities inside these virtual cities would be a thing by 2030 !

Image result for ready player one

That does sound more like Ready Player One doesn’t it ? Those who were born in the 70s – 80s would have gone thru such rapid changes in technology and we were fortunate to appreciate what it has become today.

I was talking to my kids as to how it was back in the day where we didn’t have handphones. For them .. they just can’t imagine a unconnected world. I wonder how would their world or their kid’s world look like when they grow.

Its a start of a brand new week ! Hope you are having a brilliant one ahead. Cheers