BTC20 harks back to April 2011, a time when Bitcoin’s supply was a modest 6 million units, and the cryptocurrency briefly fetched a price of $1. This historical reference led BTC20 to offer 6.05 million $BTC20 tokens at a price of $1 each. As of Tuesday’s announcement, token staking is started on August 9th, while […]
The post BTC20 “Bitcoin on Ethereum” Continues to Soar first appeared on Lazyboycrypto.
CBDCs, or Central Bank Digital Currencies, are digital currencies issued by a central bank that are designed to function as a digital version of a country’s fiat currency. Unlike cryptocurrencies such as Bitcoin and Ethereum, CBDCs are not decentralized and are instead issued and backed by the central bank of a country. The purpose of […]
The post This is Why Governments Want CBDCs first appeared on Lazyboycrypto.
Crypto technical analysis involves using chart patterns, technical indicators, and other tools to analyze the historical price movements of cryptocurrencies in order to make predictions about their future price movements. Crypto Technical Analysis: Chart patterns Chart patterns are recurring formations on price charts that can provide valuable information about the direction of future price movements. […]
The post Crypto Technical Analysis Terms You Need to Know first appeared on Lazyboycrypto.
Welcome to this beginner’s guide on crypto trading strategies. Technical analysis is a popular trading technique used to predict future price movements based on historical market data. Technical traders use various charting tools and indicators to identify patterns and trends in the market. Charting tools include trend lines, moving averages, and oscillators. Technical analysis is […]
The post Crypto Trading Strategies You Need to Know first appeared on Lazyboycrypto.
Chainge Finance aims to eliminate middlemen and allow everyone to become their own bank. The world of decentralized finance (DeFi) is rapidly evolving, and we are witnessing a paradigm shift in the way financial transactions are conducted. While we may still be a ways off from realizing the full potential of blockchain technology, it is […]
The post This Low Cap Hidden Gem is a Good for Finance first appeared on Lazyboycrypto.
The Matrix AI Network (MAN) is a blockchain that aims to provide an all-in-one infrastructure for machine learning and artificial intelligence (AI) applications. It was founded in 2016 by a team of experts in AI and blockchain technology. The network uses a hybrid consensus algorithm that combines proof-of-work (PoW) and proof-of-stake (PoS) mechanisms to achieve […]
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ZKSync has recently released its mainnet, ZKEra, but no token just yet. Your best bet to get an eventual airdrop if one happens is to interact with the ecosystem as much as possible. Utilize bridges, Dapps, wallets and anything else available within the ZKSync ecosystem. What is ZKSync? ZKSync is a layer-2 scaling solution that […]
The post ZKSync is the Next Big Layer 2 Crypto first appeared on Lazyboycrypto.
What if you could earn money and help the environment at the same time? Now you can with the SDBN2 token. The use of solar power around the world is growing rapidly and SunMoney Solar Group has come up with a solution for its project backers to support renewable energy while earning monthly income. What […]
The post Earn Passive Income from Tokenization of Solar Energy: SDBN2 Token first appeared on Lazyboycrypto.
Here are my top 5 unreleased cryptocurrencies in 2023. It doesn’t mean I will buy them as soon as they are released, nor does it mean that these projects will actually release a token any time soon. But these are projects that don’t yet have a token released that I’m watching closely right now. Layer […]
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AI is exciting but doesn’t always work as you’d expect. This Bing user was called rude by its chatbot because he tried to tell the AI that the year is 2023 and the bot wouldn’t listen to him. The bot accused the user of deceiving it and urged him to apologize. Of course, the user […]
The post Earn Money with AI with Synesis One first appeared on Lazyboycrypto.
Coreum is about to launch its mainnet. It is scheduled for March 23rd, which is great news! Even better, Coreum is doing another Coreum airdrop of CORE and xCore tokens for CORE, SOLO and XRP holders. In this post, I’ll show you how to set up a trustline to get the airdrop. If you don’t know […]
The post How to Get the Coreum Airdrop for XRP, SOLO & CORE Holders! first appeared on Lazyboycrypto.
One type of cryptocurrency that I think will do really well in the next bull run is layer 2 cryptocurrencies for Ethereum scaling. There are five main types of layer 2 cryptocurrencies are: Why We Need Layer 2 Now that Ethereum is proof of stake it doesn’t mean that layer 2 solutions are useless, in […]
The post 5 Types of Layer 2 Cryptocurrencies You Need to Know first appeared on Lazyboycrypto.
Comb Financial is just over a year old and they’re still going strong with its successful DeFi products. Their latest offering is something that aims to bring the masses to DeFi through its simplicity. Introducing: Utopia tokens. In a nutshell, you can participate in multiple DeFi yield farms by simply holding their Utopia tokens, which grow […]
The post Utopia Tokens: The Easiest Way to Earn DeFi Yields first appeared on Lazyboycrypto.
Arbitrum is a Layer 2 scaling solution for Ethereum, which aims to increase the transaction processing capacity of the Ethereum network. Like other layer twos, It works by allowing transactions to be processed off-chain, in a separate layer, while still maintaining the security and integrity of the underlying Ethereum network. This results in faster, cheaper, […]
The post Arbitrum Explained first appeared on Lazyboycrypto.
Celestia modular blockchain is the world’s first modular blockchain allowing anyone to deploy their own chain easily. Modular blockchains mean that the network can separate functions. An easy way to visualize this is to think of LEGO. The bricks can be combined in an endless number of ways to build varying creations. Bricks can be […]
The post Deploy Your Own Blockchain Easily with Celestia first appeared on Lazyboycrypto.
Oraichain is a hidden gem of a crypto project that could be big in the next bull cycle. I say this because it’s not just focussing on Web3 and metaverse like many other projects, but rather artificial intelligence (AI) and data. What is Oraichain? It’s a layer-one blockchain that aims to bring AI to smart […]
The post Oraichain: Bringing AI to Smart Contracts first appeared on Lazyboycrypto.
Telos blockchain is a layer one blockchain and one of the fastest EVMs in the world with 10,000 transactions per second and just 0.5 seconds per block. Telos Blockchain Consensus Unlike traditional proof of stake, which means validators are people with the largest amount of tokens, Telos blockchain uses a delegated proof of stake consensus […]
The post Telos Blockchain Could be the Next L1 to Moon first appeared on Lazyboycrypto.
LayerZero is Trustless. One of the main reasons for using blockchain technology is trustlessness. When keeping your funds in a bank you have to trust that the bank will give you access to your funds. It’s the exact same situation with centralized crypto exchanges. Decentralized Exchanges (DEX) involve converting your token you want to trade […]
The post LayerZero: The First Trustless Interoperability Protocol first appeared on Lazyboycrypto.
Built on Avalanche, Arable Protocol is a multi-chain yield farming protocol. Arable lets you farm synthetics so you can take advantage of farming on any chain in one place. This saves you time, money and hassle. Arable Protocol works by using synthetic derivatives that are pegged to their native counterparts. Synths are prefixed with letters […]
The post Earn Rewards Across Multiple Blockchains With Arable Protocol first appeared on Lazyboycrypto.
Most of us would love to find the next Solana. A crypto that shot up the rankings in mid-2021 and became a top-10 crypto. It went from a price of less than $2 in January that year to a high of $259 towards the end of the year. One crypto that has a lot of […]
The post Is Near Protocol the Next Solana? first appeared on Lazyboycrypto.
You may have heard the term crypto staking before, but what actually is it and how do you earn money from it? In this article, we answer the question, what is Crypto Staking? What is Crypto Staking? In the most simple terms, crypto staking is when you receive crypto rewards for holding a certain crypto. […]
The post What is Crypto Staking? first appeared on Lazyboycrypto.
It’s time for a vacation and you hold crypto. Who should you book with? Travala! Why? You’ll receive discounts and crypto rewards. Here’s why you should book Travala with crypto. What is Travala? Travala offers flights, hotels, and travel packages to over 200 countries and has been a popular website for travel bookings since its […]
The post Earn Crypto Rewards With Travala first appeared on Lazyboycrypto.
Strongblock is the king of Nodes-As-A-Service protocols (NAAS) But it’s been facing some (strong) competition lately. Thor nodes are hot on Strongblock’s tail. So, if you’re looking to invest in a node project, which do you choose? In this post, we...
The post Strongblock Vs Thor Nodes first appeared on Lazyboycrypto.
This is the second part to last week’s post. Here is a short explanation of 15 DAOs that you can invest your crypto in. Please remember to do your own research before investing. Deviant DAO DeviantDAO claims their HyperTreasury system...
The post 15 DAOs Explained: Part 2 first appeared on Lazyboycrypto.
There are many DAOs in the crypto world these days. It’s impossible to review every one, so here is a short introduction to 15 DAOs. Some have been running successfully for a few months, while others are yet to launch....
The post 15 DAOs Explained: Part 1 first appeared on Lazyboycrypto.
It’s a new year and time for picking out some cryptocurrencies that I think will do well in the near future. Here are my top 5 cryptocurrencies to invest in for 2022. Not financial advice. Seriously, don’t buy these just because I like them. Do your own research. Top 5 Cryptocurrencies to Invest in for […]
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While there are many ways in Decentralized Finance (DeFi) to earn high interests, sometimes the risk is too much of a risk. There are some DAOs out there offering $1 million+ APY, but can you really trust them? There have been many rug pulls in crypto. Creators of these project run off with people’s money and leave them with worthless tokens. You can’t trust anyone in DeFi. However, a much safer bet to earning a decent interest rate is to lend out stablecoins. Read on for how to get 20% APY with Anchor Protocol.
Anchor Protocol is a decentralized savings platform where you can lend out your stablecoins and other people will borrow them. Both borrowers and lenders will receive an interest rate. Currently, lenders can get about 20% APY. That’s compounded interest by the way. It means you will need to leave your investment in the protocol and reinvest the earnings for a year to receive the full 20%. Basically, if I put in $10,000, in one year I will have $12,000.
A bank might give you something like 0.1% interest per year. It’s quite sickening really. As mentioned, a DAO or yield farming might return you absurdly high APY’s but you have to deal with the risk of the cryptocurrency losing value.
If you are earning additional tokens as interest that’s great, but if the price of those tokens plummets, you might end up with a bunch of worthless tokens.
With stablecoins, they are stable. Most are pegged to a fiat currency. Some stablecoins like DAI remain stable based on smart contracts either buying or selling the token in order to maintain a stable price.
Terra’s stablecoin TerraUSD (UST) is pegged 1:1 with the US dollar. You can read about how the price remains stable here.
Stablecoins offer you the chance to earn interest on your assets without the risk of a drop in value. Since your stablecoin should stay equal to the dollar, your investment should only go up.
Since there is less risk, the APYs on stablecoin lending is lower than some other DeFi protocols. The risk to stablecoins is that they could lose their peg. It has in fact happened to TerraUSD but it was soon rectified.
First, you will need to download Terra Station. You see, Anchor works on the Terra blockchain. So you can only lend out the TerraUSD stablecoin (UST) which is pegged to the US dollar. One UST equals one US dollar.
Download the Terra Station and create a new wallet. You’ll need to enter a name and password for your wallet and write down the randomly generated seed words. Do not store them on your phone or computer.
Next, sign up to a crypto exchange where you can buy Terra LUNA tokens. We recommend using crypto.com. It is available to most people (except people in New York) and there are a number of deposit methods. You can deposit your fiat currency via a bank transfer or you can buy LUNA with a debit or credit card.
Once you have your LUNA tokens, send them to your Terra Station wallet. The wallet address is in the top-right corner. Copy it, or open up the QR code next to it and scan that with your phone.
Once your LUNA is in your Terra Station wallet. Go to the Trade function. Here, you simply swap all of your LUNA for UST.
Now, you can go to Anchor Protocol. Simply connect your Terra Station wallet.
Once connected, you can click “Earn” and then “deposit”. Save some UST for fees, but the fees are small so you needn’t worry too much.
Once you’ve made a deposit, you’re done. You’ll now get that sweet 20% APY.
You can buy LUNA on crypto.com. Sign up to crypto.com and stake $500 worth of CRO for a Ruby card and get $25 USD free.
For a step-by-step video tutorial, watch our video below:
The post Get 20% APY with Anchor Protocol first appeared on Lazyboycrypto.
Taxes are here to stay and if you don’t accurately report your income and gains, the IRS or whoever your tax man is may come knocking on your door. Crypto taxes have a lot of people scratching their heads, so while it may seem daunting to report crypto taxes, unfortunately, you still need to do […]
The post How to Do Your Crypto Taxes first appeared on Lazyboycrypto.
What are NFTs used for? The hype around NFTs isn’t over. While people get excited for the next NFT drop I’m waiting for the real use cases of NFTs to happen. Think certificates and diplomas, ticketing, proof of ownership for cars, real estate etc. That’s where I see the real benefit and the real world […]
The post What Are NFTs Used For? first appeared on Lazyboycrypto.
You may have heard about another DeFi project called Titano Finance. This project claims to be the first automatic staking cryptocurrency. Titano is about a month old at the time of this writing and there are some unique things about it. First, it is not a fork of OlympusDAO. So what is Titano Finance (TITANO)? What […]
The post $1M in a Year with Titano Finance: Scam or Legit? first appeared on Lazyboycrypto.
RomeDAO is a relatively new DeFi project with a twist. It’s gamified governance. It’s the first APYRPG. So what is RomeDAO exactly?
ROME is the reserve currency of Kusama and Polkadot but is deployed to the Moonriver network, a parachain of Kusama.
With RomeDAO, you simply stake your Rome tokens to receive Rome tokens. It’s the same as OlympusDAO and all of the Olympus forks that have popped up recently.
But there is something that makes RomeDAO stand out. You see, they’ve implemented a gaming aspect to the staking to make things a little more interesting and a little more fun.
Now, you can stake Rome and earn the high compounding interest rate and just leave it there. You can also bond Rome for a discount.
But if you’d like to make things a little bit more interesting, you can take part in the campaigns.
These campaigns will require you to lock some of your Rome tokens in order to participate. In each campaign there will be quests, so like a game, you will have to complete the quests in order to receive a special reward and advance through the campaign.
The first campaign will require you to lock 0.33 Rome and keep it staked for the duration of the campaign which will last 3 months. It’s worth mentioning that when you lock your Rome for the campaign, it will still earn compounding interest, so you won’t miss out on that.
The next quest is to bond Rome. When you bond, you effectively buy Rome at a discount. You can bond Rome now, or wait until you’ve started the campaign to do it. The minimum you can bond to complete this quest is $1,000 worth of Rome. There are several tiers of bonding, so you can bond either $1,000, $5,000, $10,000, $25,000, $50,000 or $100,000 worth of Rome and you will receive the rewards for your corresponding tier.
Now, you don’t have to bond any Rome at all in order to get a reward. You could lock your 0.33 Rome for the first quest and then be done and you will still receive the reward for that quest. But if you bond you will get an additional reward.
So what are the rewards? Well, they are NFTs. Right now they are purely an in-game item and a collectible. More utility for the NFTs will come in the future. These NFTs will be in the form of weapons, armour, aesthetics and other in-game items. Each campaign will have a distinct set of NFTs as rewards that you have to earn by completing quests.
Like I said, if you want to just simply stake Rome and receive the compounding interest, you can do that. But if you decide to take part in these campaigns, the first thing you will need to do is choose a username, choose a class such as foot soldier, archer, cavalry and so on. Then, you choose a house.
Rome has five different houses that you can choose to associate yourself with. The house you choose will be locked for the duration of the campaign so make sure you’re happy with your choice because you can’t change your mind.
Since RomeDAO is a community project, the houses each represent a different part of the project.
So you can choose to align yourself with whichever house you like the look of. The houses each have their own Twitter and Discord so members can become friends and talk to each other. The idea is that house members will self-organize and perform internal governance.
This is what RomeDAO says about what the houses will do:
So whichever house you feel your talents lie, that’s probably the house you should join. For example, if you’re a developer perhaps you’d want to join House of Sempronia, or if you love making memes then maybe House of Kek is the one for you.
The RomeDAO team is working on a part of the website that will show the proposals each house has out forward, which has the most backing and so on, making it all transparent.
In the future, you will be able to create your own house. So you could form a new house with other people.
RomeDAO will also release a war map where you can keep up with the campaign and your quests. So just like any video game you’ll be able to see quests that you’ve completed, new ones that appear, side quests and so on.
The war map will show the actions of each house. Proposals, how many troops, and campaign progress will be shown on the map so you’ll be able to see how each house is progressing.
I think RomeDAO looks like an interesting project. It’s certainly different from the other DAOs I’ve seen. I have not looked into all of the details yet, but it’s clear that a lot of time and creativity has gone into this project. It’s not simply a copy of Olympus. It could have great potential as a fun way to earn staking rewards and NFTs.
If you would like to stake Rome and participate in the campaigns then let me watch this video:
The post RomeDAO: Stake & Play to Earn Crypto first appeared on Lazyboycrypto.
Strongblock continues to come under fire from people who are skeptical of the project. Why would networks pay node rewards? How is Strongblock sustainable?
The price has dropped 50% from its all time high, which makes people nervous. It’s natural to be scared when you see your investment plummet. But the thing with Strongblock is, you get daily rewards, so as long as the price is not zero, you’ll still be making something each day.
Most of us are concerned about how sustainable this project is due to the way that rewards are distributed. If you didn’t know, 60% of the 10 STRONG tokens you use to buy a node go into the rewards pool. That means that you have to make sure that people continue to buy nodes so that people can still receive their rewards. Yes, this is concerning. How can it be sustainable?
Yes, and here’s why. Remember, none of this is financial advice.
Well, the reason I’m still bullish on strongblock is because of the team’s plans. I should point out that the Strongblock team are public and conduct regular AMAs and are active in the community. If Strongblock was intended to be a scam it’s unlikely the team would be so public and actively answer questions on a weekly basis. They’re also very transparent about the rewards model and don’t hide anything.
Strongblock has talked about a few things to help sustain the project and encourage people to keep buying nodes. Let’s take a look.
First is Polygon nodes.
You will be able to buy nodes to support the Polygon network. NFT holders can create them right now. You will need 10 STRONG to buy a Polygon node and you will receive rewards in STRONG as well. It is the exact same process as getting an Ethereum node. You still need ETH for gas. So nothing changes with this, but it’s bullish because Strongblock has started to expand to other networks. Fantom will be next.
The second reason is the stalk of Strongblock’s own chain, which would have a huge impact on the gas fees you pay. A Strongblock chain could mean super low fees making the project far more enticing to other investors. The chain would also be powered by the Strong token, which should hopefully give it more power and value. Strongblock says they are in talks with external partners and will have a big announcement about a potential chain soon.
The third reason I’m still bullish on strongblock is fractional nodes. This might not happen for quite some time, but essentially it means you can buy a partial node. This means you won’t have to buy 10 STRONG to create a node. Instead, you might only need one STRONG token.
When the price of STRONG climbs, it prices out too many people. I bought my first node at almost $8,000 and that’s a lot of money. Most people can’t afford that. But with fractional nodes you reduce the upfront cost significantly meaning far more people can benefit from creating nodes.
That means more nodes created, which means STRONG keeps going into the rewards pool. With more people buying, the higher the price should go. When the price goes higher people will start to claim their rewards. While the circulating supply of strong is small at just over 500,000, when people will claim their rewards and sell them, this puts STRONG back into the supply and the cycle can continue.
Strongblock also launched a staking pool. For Ethereum 2.0 validator nodes, Strongblock has created a pool for the rewards generated from these nodes. So you can stake STRONG and receive rewards in Ethereum.
I will mention that service two nodes will have a decaying rewards model. No one knows any details of this yet. No one knows when service two nodes will be available for us to create, what the rewards will be, what the incentives will be for migrating to service two.
However, while no investor wants their rewards to decay over time, it came across to me in one of the AMAs that the rewards would not go to zero, so you will also receive something for your node even if you might get fewer rewards over time.
Additionally, if Strongblock wants us to migrate our service 1 nodes over to service 2 with the decay model, then they must incentivize us to do that. Perhaps service 2 nodes will be more profitable in the beginning before they start to decay. But all future nodes created once service 2 is released will have the decay model.
Next year, Strongblock aims to add more NFTs and collectibles, more validators and node opportunities and partnerships beyond node and validator partnerships. Service two has the ability to pay rewards in different cryptocurrencies and stablecoins, so it will be interesting to see future reward models for creating nodes on service 2.
If you’re thinking of getting a node, then consider if the price of STRONG right now is a good price point for you. It could go up or down – no one knows. It is a risk no matter what, so only invest what you can afford to lose. Don’t stretch yourself to get two nodes if you can really only afford one. You will receive daily rewards so if you want a second node you can eventually use your rewards to create another one.
So those are just a few reasons why I’m still bullish on Strongblock. The fact that so many people are talking about this project now, even people who don’t usually buy crypto, shows the impact this project is making. If nodes can become more affordable then we could see this project really take off.
The post Why I’m Still Bullish on Strongblock first appeared on Lazyboycrypto.
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