Cat New Year's Essay: Matt City and Blockchain ~ My Sharing

Cat's New Year's essay is just related to the blockchain, so I will share it when I think about it. It happens that I have spent a lot of time and thoughts recently to sort out some of my ideas and practices in the blockchain world, and I can just do it myself. Do a simple aggregation. But I want to emphasize first that because I have had some unprofessional (immature) cryptocurrency investment sharing before, some ideas have actually changed during this period. It must be admitted that the water in the currency circle is really too deep, many Information, professionalism, etc. are not easy to achieve overnight, so I think "dynamic adjustment" is also the best strategy for investing in the currency circle, and one should also consider personal conditions (financial resources, personality, etc.), and the previous exploration period is also a very valuable process, slow Slowly, you will shape your own ideas and practices in the currency circle.

Let's talk about Matt City

When it comes to cryptocurrency investing, everyone seems to be inseparable from Matt City. I was no exception. I was looking for something to do because I stayed there, and I discovered the idea of "writing is valuable". I thought it was great, so I joined. There are also several social writing platforms in the middle, such as Potato Media, noise.cash, etc., but they may be lazy by nature and don’t like to take pictures, and prefer pure writing (that is, write whatever you want to write), so in the end, We only continue to operate Matt City, and also do some sharing occasionally with Xiangte City. Of course, we also get the feedback of $LIKE and officially contact cryptocurrency.

Let's talk about the exploration period

Because of my exposure to cryptocurrencies, I started the idea of "investing" in cryptocurrencies. Of course, when I first entered the market, it was around November last year. At that time, Bitcoin was about 60,000 US dollars. It can be seen that the market sentiment is positive. Many of the currency circle novice, of course, can't wait to invest. In the middle, Paiwang, Binance, MAX, Bybit, MEXC and AscendEX exchanges were opened, all of which were "centralized exchanges", and participated in different financial activities. It was considered fun, but later in early January this year because of 10 Chihuahuas ($HUAHUA) officially entered Osmosis and found a good thing like "mining pool", so they made formal adjustments under the three major considerations of "simplification, return first, and optimistic about the ecological development of Cosmos" , It also shows the appearance of the current investment allocation.

Current investment allocation

1. Centralized exchange: Three platforms, MAX, Binance and AscendEX are reserved, each with its own functions. The simple sharing is as follows:

(1) MAX Exchange : For deposit and withdrawal in Taiwan dollars.

(2) Binance Exchange : for buying and selling $ATOM. (At present, only $ATOM has been bought, but not sold); in addition, at that time, there was a slot auction in Polkadot through Binance, and some of the dividends will still be credited in the future.

(3) AscendEX Exchange : Because I don’t want to put all the allocated funds into Osmosis at one time, I want to keep about 25%. I want to say that if there is a sharp drop, I can buy the bottom. Therefore, I am looking for a stablecoin that can participate in financial management activities and gain income. Fund berth, choose him after comparison, because it is useful to use USDT to participate in new currency mining activities, and the participants are not as many as other larger exchanges, so they have a good income.

 In addition, I would like to share that the way I participate in Osmosis is to deposit MAX in Taiwan dollars to buy USDT and transfer it to Binance (currently free of handling fees). BUSD pending order (Maker) to buy $ATOM (free of handling fee), after buying, withdraw and transfer to Kpler wallet (0.005$ATOM), and then transfer from Osmosis operation. In the future, the process of withdrawing money back to Taiwan dollars can be reversed. At present, the fee-free part is within the promotion period, and friends who need to deposit can refer to it.

2. Decentralized transactions , etc.: divided into three parts: liquidity mining, staking, and other airdrops

(1) Liquidity mining : Of course, the main force is Osmosis . In principle, because you have confidence in the listed coins (I heard that Osmosis is going to be listed casually?), so we will refer to the "incentive" rate of return to consider. The ratio of the configuration of each mining pool; recently, there are two platforms that participate in the liquidity provision of Junoswap and Sifchain . The former is because of the opportunity of airdrops because of the reference of @readbigeng . Throw it in, but the proposal 14 has been voted on, and there will be 3 pools that will start to be rewarded. Interested friends can consider allocating some funds to participate; the latter is because Osmosis has recently listed $ROWAN, so I noticed it, and He has several pools every month that will provide 300% guaranteed rewards, and others have 100% guaranteed rewards. I personally think it is very fragrant, and it has a cross-chain currency selection, which may have its development in the future, but At present, the total value of locked positions is much worse than that of Osmosis, which is worth observing.

(2) Pledge: This goes without saying. In addition to providing network security and participating in governance , pledges are three considerations for investors: "future development", "pledge income" and "airdrop opportunities" . Of course, because the pledge must be released after a short period of time. The waiting period is 8 days, and the longer is 28 days. Therefore, to put the pledged coins, the first consideration is of course the development, that is, whether the "previous (money) path" is bright. As for the income and airdrop opportunities, it is the icing on the cake. Currently my main stakes are: $ATOM, $OSMO and $JUNO.

(3) Airdrops : There are many sources and conditions of airdrops, but the main ones are "staking" and "providing liquidity". I joined too late, and many airdrops a while ago could only be viewed and not received. Recently, it has started to fall. The first launch is $NOM (because of the pledge of $ATOM), and recently it is a somewhat inexplicable meme coin $HULC (to pledge $JUNO and participate in the liquidity of any mining pool of Junoswap, a total of 2 times), the airdrop feels a bit Like winning the lottery, you are very happy no matter how much you receive, and it is also another kind of fun!

The simple explanation is almost like this. I finally share the key to my later abandoning the centralized exchange, mainly: the rate of return is too poor . After all, I am an investor, and the measurement between risk and reward is a very critical factor. Centralized exchanges " seem " to be relatively safe, so there are many people who participate and share a lot of profits; in addition, exchanges also need to make money, Therefore, the rate of return provided by wealth management products to everyone is really much lower in comparison. I must say: the currency circle is currently a nascent market with great risks. If you can't provide relatively high returns as a return, why should you participate? Of course, I have confidence in the development of cryptocurrencies and blockchain, but the principle of eliminating the weak and keeping the strong, and the natural selection of things is still there. Therefore, in the early days, there are opportunities and risks everywhere. Therefore, I invest in coins. The circle only accounts for less than 5% of the total funds of individuals, and the allocation is based on the pursuit of relatively high returns. I think it is my current cryptocurrency investment ideas and practices, and I will share them with you.

Finally, I would like to share the turtle in my house, which was taken before. It looked like I wanted to escape, but it got stuck in half, which is super funny.