Super Xiaobai learns the practical operation of blockchain, 0 cost investment

Gao Zhuangjian said that to learn new knowledge, rather than starting from scratch and going to the library to find materials, a better way to learn is to actually participate in the operation.

The first contact with the blockchain on Matters started by downloading likerland. Every author who writes on Matters can get likecoins from the applause of readers in return. The more the number, the more likes you get. On traditional writing platforms, it takes a certain amount of accumulation to get the number of followers and click-through rates before getting paid for signing up on the platform. Matters allows users to get immediate rewards.

It is not too difficult to understand likecoin, mainly because I am willing to search for relevant information. After actually obtaining likecoin, I try to understand what likecoin is and how it has become the current model through different channels.

Compared with a deeper understanding of technical content, investing in income is definitely more attractive to Xiaobai.

 Investing in Matters writing as currency market income, without calculating the time cost of writing, is a zero-cost investment method.

Staking

Staking is one of the safest and most stable ways to obtain passive income. As long as the currency does not suddenly plummet and there is no chance of a rebound, staking can always make you profitable.

Compared with doing it in likerland, installing the Keplr wallet and operating it will be more straightforward (you can directly vote on the proposal in it), safe and enjoy lower fees.

Staking refers to holding and staking tokens in the wallet. In this way, it supports and assists in maintaining the blockchain network , and those who participate in Staking can get rewards as compensation for locking tokens. ——from Daily Coin Research

How to Install Keplr Wallet

Is LikeCoin better on Keplr or Liker Land?

Select Validators to pledge

The larger the number of pledges, the more returns you will get with the same rate of return, but if there is more than one validator that I like, I will choose to divide them equally among my limited likes.

Likecoin's validators will choose to publish articles on the proposal or the development of likecoin on Matters. I prefer a concise and orderly expression, which can help me understand a lot of the content of the proposal that I didn't understand.

In the few months I participated in Matters, there were several disputes about management and proposals. For me, I can see which validators are paying attention to the development of likecoin; I can briefly explain the reasons for the disputes, opinions, and future expectations. The validators, on the one hand, let me know that I pledge likecoin to them is reliable, know that they are trying hard to let the public understand their views and what they want to do, and on the other hand let me trust that likecoin has a group of people who understand related technologies People are putting effort into it and expecting it to grow in the long run.

After all, the number of pledges will increase the voting power of validators, giving them greater power to control each proposal, so each pledge is actually quite important, and it is equivalent to taking many proposals that I don’t understand with my trust. The validators vote to represent my opinion.

In addition, paying attention to the movements of validators can ensure that their nodes will not hang up and make them suffer losses, and also pay attention to whether they will change their commissions and cause them to lose returns without knowing it. After all, investment is not about putting money in. Banks will also give notices on a regular basis.

provide liquidity

With Likecoin on Osmosis, I followed the instructional article to register the Keplr wallet, and began to pay attention to other currencies on Osmosis. ATOM and OSMO are familiar to everyone. In order to participate in Likecoin's liquidity pools (to provide liquidity), I also changed some amount Putting it in, the newborn calf is not afraid of tigers. Anyway, there is no cost, and there is nothing to lose by playing new things. Xiaobai has to rush around the bottom line to learn more!

Thanks to this, these two coins were not thrown away in the last wave of upsurge.

The price is getting higher and higher, but it is getting harder and harder to exchange these two coins with like!

The simplest impermanence loss computer , write the price of the currency when you put it in, and automatically calculate the impermanence loss for you!

In addition to staking and providing liquidity, the most interesting thing is actually to learn more new currencies, exchange them when the price is low, and then switch to currencies with relatively stable currency prices to profit from it after it rises.

In the past few months, Osmosis has added a lot of coins, such as chihuahua. After I got the airdrop shortly after the new listing, I changed some amount of stake and got about 400% APR. Less, but the price is still much higher than when it was launched.

Different currency income calculation and recording website

APR and other information of Chihuahua and some other currencies (thanks to the code farmer for sharing)

In addition to looking at the return on investment, I also met some other writing platforms through Matters, such as Potato media, Noise.cash, BBS (I don’t know why I can’t log in now), etc., social platforms because I don’t like social networking very much So soon I don’t know what to write, and I don’t read other people’s content very much, so the frequency of use decreases quickly, so even if they can make money, humans can’t really put energy into every channel, or Putting time and good mood on the things and platforms you like will be happier and the rewards will be better.

NFT craze

I have also participated in a wave of NFTs. When NFTs were just popular, many authors on Matters distributed NFTs for free. I also collected a lot of them, but of course the most important thing is to extract Travelloggers , although I don’t know if I should get them. Write something in so I've left it blank, but it holds a lot of remembrance for those of us who write at Matters.

Other than that is The Space .

In addition to knowing how to make money to make yourself interested in participating in the blockchain, actually participating in the project will increase your sense of participation!

The incentives of this game are different Poaps and NFTs. In addition to satisfying my desire to collect, it is really fun. It tests the participants' strategic thinking and adaptability, and completes the paintings they want to create within the rules.

When you compromise within the rules and compete for profit, it is still very interesting, of course, more importantly, it reveals that different rules can lead to very different results, and guides players to think.

It feels like the game designers are trying to make the players play with applause!

The inviolability of game creators and the winner as king have always been the fundamental rules of playing games. Game designers also believe that the original incentive for players to collect Poap is enough to offset their grievances in the game, right?

I think it is more important to believe that the price you buy/get is worthwhile than the appreciation potential of NFT and Poap collections. Users who blindly follow the craze may be at greater risk of accidentally buying pirated NFTs than facing losses due to the bubble.

I think as a novice who doesn't understand art, it is a more conservative but safe way not to invest in NFTs.

It is naturally difficult to make huge profits in the short term with 0-cost investment. Even if the currency that explodes in the short term will not get a large amount of return with a small investment, but relatively no matter how the currency market rises or falls, I still Did not suffer any losses.

When it comes to investing, you still have to find a way that you can accept.

As a novice, I work hard to learn and discover tools and teaching materials that can help me. I hope this article will be useful to newcomers~!

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Cover image credit: Olya Kobruseva from Pexels