Crypto Ocean

2023-04-17 13:04:01 When holding - earnings in the bull market are more than losses in the bear market

STAY CALM AND HOLD ON

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2023-04-17 00:31:01 NEW - Elon Musk: "Various government agencies effectively had full access to everything that was going on Twitter," including to the users' direct messages.

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2023-04-16 16:04:01 Top-15 Projects by daily active addresses (DAA) growth in the last 30 days

Daily Active Addresses is the number of distinct addresses that participated in a transfer for the given asset in any given day. Each address is counted only once for the day

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2023-04-16 13:34:32 Hillary Clinton warns Bitcoin could "destabilize nations."

Hillary Clinton, one of the most corrupt politicians of all time doesn't like Bitcoin

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2023-04-15 21:51:37 Why are tokens unlocked?
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Today we will analyze an important aspect that directly affects the price of your tokens - unlocking.

Unlocking (unlocking a token) is the "release" of tokens blocked under the terms of the project's investment attraction programs. It works like this: for investments at an early stage, crypto projects give investors their tokens. But at first, these tokens are blocked and have their own unlocking period, called vesting. Thanks to vesting, investors receive their tokens in portions and in stages, which is beneficial to both the team and long-term investors.

The purpose of the gradual unlocking of tokens: long-term maintenance of the stability of the asset price.

Blocking helps to avoid the case in which holders of large "packages" will sharply sell their existing tokens. A sharp exit of all tokens to the market can lead to a rapid collapse of the exchange rate.

Many newcomers may think: "So, big unlocks are a good opportunity to make money on the price drop (short)." But not everything is so simple!

Unlocking has not been an indicator for a long time that the token will be dumped (pulled down). Often the opposite happens:

If investors do not sell tokens in large quantities, then the Market Maker is able to keep the price by buying off the asset. And it often happens like this: before the unlocking occurs, the Market Maker pumps the price of the asset. And already during the unlocking, when investors close their positions (sell tokens to lock in profits), the price returns to the range of initial values. Thus, the project keeps the price at the same level as it was before the unlock.

As you might have guessed, unlocking tokens can lead to a strong increase in volatility. This should be taken into account, especially if you are an intraday trader or plan to conduct any operations with an asset. If you do not have any clear strategy of action, then in the days of separation it is better to "bypass it", wait out the impending storm.

Token unlocks can be tracked on this site.

Have you ever sold your tokens before unlocking to avoid the risk of a price drop?

Yes -
No -

Crypto_Ocean Open / Comment

2023-04-15 17:34:01 Elon Musk aims to disrupt the AI industry with a new start-up set to challenge OpenAI.

With tech giants like Google and Microsoft in the race, it's game on for the next-gen AI

Crypto_Ocean Open / Comment

2023-04-15 14:37:59 A recent study found that most people use cryptocurrency for investing, stealing, and making payments

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2023-04-14 20:10:25 How does staking work?
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This is not the easiest topic in the crypto market, but we advise to understand it (at least for general understanding)!

For many cryptans, staking is a way to earn rewards by holding certain cryptocurrencies. But even if you just want to earn rewards for staking without diving into the technicalities, you need to understand at least a little bit about how it works.

How does staking work?
If a token, from your portfolio, has a stacking feature in its functionality, it means that you can stack/lock it in a contract and get reward/return for it during the "lock-in" time.
The reason your staked token earns a reward is because the blockchain makes it "work," meaning your crypto, becomes part of a larger process. Something similar to your fiat money on deposit in a bank.

Ways of staking

Staking with Voting in DAO
For example, on Uniswap. Let's start with the simplest one - UNI. Staking on Uniswap, which allows you to get voting rights in DAO. In other words, by staking UNI you can vote for/against different proposals in the DAO.

Revenue Sharing
Next, let's look at a bit more complicated types of staking. Revenue Sharing is a mechanism in which a portion of revenue from an activity or product (such as commissions received from users) is distributed among network participants based on their contribution to that activity. The best example is GMX. This protocol provides an opportunity to stake a native GMX token, and get rewarded for it.

Launchpool
Let's take Binance Launchpool as an example, it is a staking program developed by Binance exchange. The program Launchpool gives the participants an opportunity of staking in several projects at the same time. Under this program, users can stake their tokens and receive rewards in new project tokens, which can then be sold on the Binance exchange or left as an investment.

Conclusion
• The average staking yield depends on many factors, such as the chosen protocol, duration of staking, number of staked tokens, and can range from 0.1 to 100 or even more %. You can always see the returns for different blockchains on Staking Rewards.
• If you have been holding tokens on hold for a long time, then staking can be a profitable option for you, as it allows you to get additional yield from your tokens.
• The risks of staking can include loss of investment in the event of protocol failure or other technical issues. It is also worth considering that the cryptocurrency market can be very volatile, which can lead to significant changes in token prices.

Did you manage to figure out what staking is?

- Yes, everything is clear
- There are a couple of questions

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