Onboarding the world to BCH
We want the world to be onboarded to Bitcoin Cash but we're probably going about it wrong.
People who invest in crypto need to understand the fundamentals of why the project is stronger not only than it's closest competitors, but also in a league of it's own way above the traditional fiat and banking system.
They need to see this clearly in easy to understand language with plenty of examples; we should never be shy to explain why or how.
For example, we make it clear that Bitcoin Cash is superior to other crypto currencies due to it's larger block size, however, this will not translate well to the average user who isn't familiar with blockchain technology. They only see certain coins dominating the market news and they will naturally assume that those are fundamentally better to buy because everyone is talking about them.
So let's do it differently.
**What is Bitcoin Cash?**
We always say BCH is a peer to peer currency system for the world. We point out that it's simple to use, adaptable, scalable with cheap and fast transactions. But why not mention that it's also a prime contender for a good store of value as it's super scarce, has DEFI capabilities via SmartBCH (and the future Cash Tokens upgrade) and yes, it has all of these capabilities of other coins in one little neat package.
Of course, we should never forget to show people all the social sites using BCH freely; something that 90% of other coins can't do! If they see Read.Cash, Memo.Cash and other implementations that use hundreds of microtransactions they see the power of BCH hands on. Media on the blockchain that cannot be censored, now that alone is worth it's weight in gold if you think about it!
**Why is BCH better than fiat?**
Fiat is created and backed by governments and bankers, and thus it's controlled only by a few centralized organizations thus it exists primarily to serve their needs. It's of unlimited supply and thereby printed according to their whims; it can never serve us the people, nor be used as a hedge against inflation. Saving fiat is the worst investment, as over time it loses most of its value. The legacy financial system lives by fiat and they're making us live by fiat.
Until now!
BCH can and does change this; and the more people that adopt, use and HODL Bitcoin Cash the better it'll be for all of us. That's because Bitcoin Cash on the other hand is of limited supply, recorded on a transparent ledger and completely decentralized. Unlike fiat BCH is a governed by a complicated piece of computer code, that cannot be altered nor side stepped - thus it's not subject to the whims of the governments and bankers.
***In fact, here is the best part of it all: unless these bankers, mega corporations and governments get Bitcoin Cash like the rest of us, they'll be left behind as they can't print more BCH! Even the Elites can only mine it or buy it like the rest of us; making Bitcoin Cash the first great equalizer in our modern society.***
21 Million Coins = 21 Million Coins.
As you stack your BCH you can rest secure because of the scarcity you know that each time the powerful of the world buy other coins and the news talks about other Crypto currencies you'll have more time to accumulate before they ever even become aware of it existing. No major corporation, nor any of the Elites to my knowledge has bought or mined a large amount of BCH. Elon Musk, Bill Gates, Warren Buffet, the countless mega Banks, all of the fortune 500 corporations, the major governments of the world, all of them are BCH - less. Every last one of them do not hold almost any Bitcoin Cash.
How is that for an empowering thought?
*You have BCH, they don't. You can get BCH right now, for so little, by the time they become aware of it they'll scramble and spend thousands, if not tens of thousands to catch up.*
That's why I call Bitcoin Cash the great wealth redistributor, the great equalizer.
**What can large scale BCH adoption do for us?**
You mean all the cool things it can do besides potentially getting a few people a Lambo while turning the elites into a raving pack of FOMO investors at the last minute? That kind of thinking while gratifying is not even scratching the surface of what's really possible with large scale BCH adoption. We're not just talking large scale wealth redistribution here, we're talking REAL freedom here. Freedom to innovate, freedom to have financial inclusion, freedom from corrupt governments, freedom from bankers and yes... even the elites can't counter the mass onboarding of billions of people to Bitcoin Cash as the cat is out of the bag.
We can eventually bring decentralized governance to our lives, which can eventually make elections transparent, fair and un-tamperable. Or introduce fully DAO style governance to our businesses, organizations or even governments down the road. Large scale adoption of Bitcoin Cash can make not only bankers obsolete in the future but with just a bit of additional innovation it can make governments a thing of the past too.
Cheap, fast, transactions for the world. Say goodbye to long lines and expensive fees for your banking, loans and remittance needs. BCH can single handedly put banks and remittance companies out of business, even shake up the mortgage industry, the lending industry and various other sectors so much if not replace them entirely.
Tokenization for everyone! Bitcoin Cash has the underlying infrastructure to bring DEFI to the masses. When we talk about mass usage of tokenization we can make the stock market obsolete, introduce shared ownership of goods and track things across complicated supply lines. Decentralized social media, collaborations across industries, the sky is the limit. What - you thought this was just about making money by buying and selling tokens or pretty pixel pictures like the news said?
These just scratch the surface, and this whole article is just the top few thoughts that come to mind of how Bitcoin Cash can literally turn everything around for all of us!
I accumulate BCH relentlessly and HODL it, while simultaneously planning on onboarding the world to BCH - do you?
~The Empress (who has shoved multiple BCH worth of Liquidity into Konra Liquidity pools smiling knowing that some ELITE is going to have to pay half a fortune cause I tied those BCH up in there)
SmartBCH: Farming as a Service to Boost Adoption of BCH
A quick overview of how we'd use a small SmartBCH resource to boost adoption of SmartBCH:
SmartBCH has had a few issues in the last year but development never stopped. As such there are a number of great resources already available on Chain. Lets' cover a quick and simple example of how we could use a simple Farming as a Service resource to boost adoption for a moment!
Farming as a Service:
BenSwap's Ranches - https://benswap.cash/ranches
It costs about 20 EBEN to begin a ranch; so that's about $1.20 at current prices. That is extremely affordable, allowing heavy use of this tool by anyone and making BenSwap quite decentralized as far as DEX's go. In fact, this service as well as other options for token project leaders make BenSwap one of the most decentralized exchanges on any blockchain. The ranches you can create are very flexible too, so you can set any token to be harvested, can set the emission rate and have several other options such as refilling the ranch to keep it going longer.
The ranch set up process and running them is very simple, so even newbies can easily use it to boost their favorite tokens and projects. The best thing is the creation fee gets burned, thereby making EBEN even more scarce with every new ranch created. No other place (nor blockchain) to my knowledge has such a farm as a service option, making it possible for all projects (and even their community members) to set up bespoke farms.
Even with all of these capabilities and potential only very few are using this awesome game changing service. Only 117 ranches have been created so far in the last year and most of them have been very short term. We alone have almost a dozen ranches ourselves in the Konra Project, so we use the ranches frequently (as you can see most of ours are still active and have ran for multiple months). We love what we've saw and will be scaling it up a lot in coming years as well as encouraging others to scale up it's use too.
Since it's a powerful tool and service that's being undervalued and not used to it's full potential I know that taking a bit of effort to scale up and refine it's use would both make adoption of SmartBCH and Bitcoin Cash easier and potentially could even make EBEN tokens fully deflationary. There aren't that many of them to begin with 28 Million have been minted and the emission rate has greatly been reduced in the last year; whereas now only 2 EBEN are emitted every block. Almost a million have been burned already, even though the number of users on SmartBCH is way down. Even a few Projects and users using the many services BenSwap offers has already had a major impact on the total supply of EBEN tokens; so seriously scaling up the projects and community members using these services can greatly impact SmartBCH and Bitcoin Cash usage. Scaling the use of Ranches up (and other tools) can also seriously positively impact BenSwap and keep them developing more great tools while simutaniously benefitting the whole community in the long run.
Konra Project Future Use and harnessing of it's full potential:
We will not only continue to use this extensively ourselves like we have in 2021 & 2022 but will even scale up it's use ourselves; run a number of tests and then encourage other Projects and investors to use this service to create farms for all types of pairs, increasing the number of farms for various tokens.
A program will even try to encourage whales and well to do sponsors using this service to entice more users to SmartBCH; by creating lucrative farms for them to farm and thus put their foot firmly into SmartBCH.
Imagine if a few people put a few BCH or a few thousand EBEN or LAW into a ranch every month and had people farming a small lesser known pair of great potential; then used their fame and social media reach to bring hundreds of new people into SmartBCH. Or if projects used some of their income to set up and keep a few ranches to redistribute a part of their income to their investors. This will bring people and new investors to SmartBCH and firmly keep them there; which then in turn will bring back additional development and funding for projects to keep innovating.
A simple thing like this can create a powerful network effect and create a loop of value creation that benefits everyone.
Massively upscaling the use of this one tiny tool in SmartBCH can literally change everything especially as many investors will naturally end up holding EBEN and other tokens at the same time this will help boost adoption while increasing the gains made from DEFI.
SmartBCH works smarter not harder
When you've grown up like I did in a working single parent family, living paycheck to paycheck you cannot ever imagine the life of the rich. If you can't imagine their lives you certainly won't know how they make money.
Instead it gets embedded in your head that you find a job, preferably one with a decent rate of pay per hour with enough hours to keep yourself ahead of that never ending avalanche of bills that arrive like a flood every month.
*You work for someone and you get paid, and then you eat.*
*That's the life most of us know.*
*This is how we are told how we will make a living and how we live.*
If we're lucky, we can eventually perhaps move up into management, or maybe even open a business. Whereas then we work, even harder, finding our own customers, and hopefully eventually break even and turn a little profit. If the mega corporations don't crush us first.
These are the only two ways we can make a living, if we're regular people.
Until now with SmartBCH!
SmartBCH is so revolutionary as it gave to us regular working people a way to sample how rich people make their living, to not only see how those who are wealthy do economic endeavors but to participate in it.
*Instead of you working and making money, it's your money that's making the money. Instead of laboring hard you work smart, research projects and invest in those most promising - then as they succeed so do you, gaining a piece of their success.*
Yes, that I found out is the major difference between the 99% and the 1%.
If more people knew this about SmartBCH they'd be lining up at the Blockng Bolivar bridge and taking the hours it takes to learn how to navigate the new SmartBCH DeFi environment. If more developers knew that this is what DEFI can really do on SmartBCH they'd move their projects overnight; and do everything they could to make sure more people discovered the real freedom DEFI can bring.
By bringing DeFi to all of us with cheap fees and fast transactions, all of it decentralized it finally opened up the means for all of us to participate in something that normally was only reserved to the chosen few of the wealthy.
Transactions on SmartBCH usually go through in mere seconds, the fees range from a penny to five cents; in most cases it'll be around 2 cents. This means not only can you provide liquidity and stake your tokens in farms, but you can also harvest and compound regularly. You can buy tokens to sit on them until the bull market, but with the low fees you can take profit, swap into others and otherwise move money around as needed. The Bolivar Bridge from Blockng can let you move from BNB to SmartBCH and back as needed. It can also let you move from DogeChain to SmartBCH and back as well.
*SmartBCH: It's Smarter, it's better, it's the perfect environment to learn to DEFI.*
The hardest part is to get started. To learn how to find good projects and how Liquidity pools, NFT's and staking works. DEFI means Decentralized Finance and due to this decentralization it's still a little like the wild west, not controlled by any one entity. This means there are still bad projects and bad actors around, scams even.
But with education and by sticking to established projects with a track record you can minimize most of these problems. Since it's a bit slow right now due to the bear market, now is the best time to research and learn about SmartBCH and get yourself acclimated; you're going to want to be there once the next Bull run takes off.
I'll outline several innovative projects and as you explore them you can see how their token ecosystems can let you both learn DEFI and see how those who are wealthy let their money make money.
*Blockng Law Ecosystem is practically a fully functioning rudimentary Metaverse*
POPUNK - Proof Of Punk Mining > Lawpunks NFT staking mines Law Tokens
Beam Pools Liquidity Mining
NFT Game Lottery (Punk Fighting)
Loans and Collateral
Stake Law tokens & LawPUNKS for NFT's which grant Governance Rights
Civil Beam Pools - Community voted farms, farming LAW
This is a huge ecosystem with many parts, too many to mention here. However, suffice to say they have Loans and Collateral, NFT's Market & Staking & Lottery, Governance in regards to allocating CIVIL Beam farms, and traditional liquidity mining via their normal Beam farms. Blockng also operates the largest Cross chain bridge in conjunction with MistSwap, where you can bridge assets to BSC (Binance Smart Chain) and DogeChain.
Bridge to DogeChain - bcDC Tokens & bcWDoge
Bridge to Binance Smart Chain: bcBNB, bcBCH, bcETH, bcBTC, bcDAI, bcUSDC, bcBUSD, bcUSDT
Like I stated this is a massive bridge with multiple bridged assets. Due to this you can bridge in assets and then stake them in lucrative SmartBCH pools; or move them back and forth to arbitrage yourself some goodies.
https://blockng.money/?r=CatsNCrypto
The Konra Kingdom has a Civil Beam farm where you can farm Law - Konra Liquidity and harvest Law tokens. Check out the KUDOS section, the farm is on the second page.
JoyStick's Arcade Play to Earn:
This is an online play to earn arcade, it's active on Polygon and SmartBCH. The gem of the project is it's arcade where you can play several SmartBCH themed Arcade games for points tokens that you can then trade into Joy or even NFT's. If you hold certain NFT's you get a higher reward when playing; in addition you can stake the NFT's for earning points as well. A very fun and well thought out project that's constantly innovating and making waves. In addition, Joy tokens can be staked on multiple farms on SmartBCH; even a Konra - Joy farm on BenSwap, in the ranches section.
https://smart.joystick.club/
BenSwap Farming & Ranching
BenSwap is one of a handful of good SmartBCH DEX's. They have many innovative things to play around with as well. From Farming Liquidity in the farms or ranches, to participating in their lottery, there is something for everyone. There are NFT's and simple games with those NFT's. There are ways to create tokens, airdrop tools, token lockers, a way to run ICO's and so much more. BenSwap lets you do everything you can think of and some things that'll surprise you, and they're constantly innovating too.
https://benswap.cash/
Konra Kingdom has almost a dozen Ranches under the BenSwap Ranches tab. They're still paying out a generous harvest, most over 100% APR on the pairs. You can earn Konra, Narath, Rastjn and other tokens there. In fact the Kingdom has them with all types of token pairs (Konra, Narath, Rastjn and even Tolizza based pairs; all farmable). Check under the ranches tab and scroll until you see the aforementioned token pairs.
There are so many more projects on SmartBCH, and so many more DEX's and cool places to explore. Konra, Narath and the Kingdom tokens are all over the place, let me know if you find all of the farms we have scattered around SmartBCH.
Don't forget to stop by Oasis.cash for some NFT's, if you're better at judging art than I am. But most importantly take some time and research; take a few dollars and experiment around. You'll find a dozen gems besides the Konra Kingdom - many of them absolutely awesome and available at bear market prices.
As for me I learned that as a hypothetical wealthy woman of the 1% I should probably focus on Real Estate, investing in start ups, maybe dabble a little in the stock market. I've even done pretty well in gambling and gaming. However, it's become clear to me that I should probably stay away of the art world, as I'm not that well versed in it. I'm the type that will pick art that's pretty amazing in my eyes, that I think will end up priceless but tends to not do too well.
Suffice to say, getting into SmartBCH has encouraged me to learn the truth about money and assets, learn more about things in finance and investing, and to finally understand more about how those who have wealth invest their way into more wealth.
They often find ways to work smarter, not harder.... and invest in innovation.
Crypto works via a network effect
One of the things which makes crypto so powerful is that adoption and growth occurs through a networked effect. This is like an snowball rolling down a hill; at first it's only really small and going very slow. As more people get involved, the more innovation occurs, then more products and services adopt use of the crypto currency and finally more investors and users hold it and use it for the long term. This cycle will then repeat as more people will adopt it the next month; each time the networked effect growing larger and the currency becoming more well known and adopted each time this circle repeats.
Over time this raises the demand, which then often raises the value which then often makes the crypto currency spoke about more in the news and get listed in more market places.
The world saw this with Bitcoin.
And saw it again with Ethereum.
Then again we're seeing it with Bitcoin Cash.
We've even seen it with DogeCoin.
The pattern goes from obscurity, to community growth, to usefulness, to value with time and adoption. Every crypto has to go through these stages, and it matters not how good it is, adoption and innovation always are the catalysts to long term and sustainable growth.
Knowing this pattern can help us significantly understand what makes Crypto valuable and how to help a legit project overcome the start up phase as well as how to make existing crypto currencies and tokens even more valuable and known then they are currently.
By this you can also see which endeavors will give the most results for your efforts in boosting adoption too.
Via this method you can see that news coverage isn't really the best measure of adoption, as the news will cover negative news way before they ever talk about good innovation. While a project getting news and articles written about it (or a tweet from a famous person) is good for a quick boost, if there's no innovation and adoption backing the project then this won't lead to long term growth.
We need innovation and use cases for our favorites!
And this is where Bitcoin Cash thrives and outperforms the rest again.
SmartChains are good once a few dozen or more great projects utilize it regularly as it will use BCH, lock it up in liquidity and sometimes even burn it. Done right SmartBCH could revolutionize decentralization across the board. But it'll slow us down if most of the projects jump ship or go multichain and ignore SmartBCH.
Read Cash and Noise app are awesome for adoption. These type of projects and services get thousands if not tens of thousands of new people onboarded to BCH and let them see it in action. It takes something all of us do (Blogging and Social Media) and allows us to integrate this with Bitcoin Cash.
Rain Cash is now taking the internet by storm, allowing creators to build communities and use BCH to boost their voices across social media. This shows yet again, thousands of people the real power and ease of using BCH!
Small merchants adopting BCH is beyond awesome, even if it occurs in the background. Once an overwhelming amount of small merchants and some large ones accept BCH then the sky is the limit as more people will find good outlets for their Bitcoin Cash holdings.
A few social campaigns would help more; especially if these focused on the above aspects and the fundamentals of why Bitcoin Cash is superior to everything else out there rather than simply the market movements of BCH or some cute memes.
Remember the cycle, the network effect that every crypto must go through in order to thrive! Bitcoin Cash is way above the competition in fundamentals and ease of use - so let us focus on the different aspects of the cycle mentioned. Pick an area to be active in and go boost it further. Each of our efforts will multiply in effect over time, each time bringing BCH to more people.
By then we won't even need a post from a famous person, the news can try to FUD us into obscurity and it will be too late as the market will have decided: Bitcoin Cash is the way!
The world will run from the elites and the fiat currencies - straight to Bitcoin Cash; each little action each of us do will make BCH adoption get stronger.
It's still early: Crypto's AOL
So many people see the news about crypto currency and think they are late to the party, but in reality it is very early still.
Especially for Bitcoin Cash.
Right now we're where Computers and the Internet was at in the mid 90's. Almost everyone has heard of the technology and most people had been online by then - but they didn't really understand it. Nor did they have their own computers. In addition the ecosystem was still clunky enough that the news still considered it a fad.
Everyone had to experience the power and cool uses of the Internet for the first time for themselves, and then, the world fell in love and mass adoption happened. 20 years later we are here; the internet is integrated with everything and everyone is online almost constantly!
***Does that sound familiar?***
Almost everyone has heard of Blockchain technology and most people had bought a little crypto by now - but they don't really understand it. Nor do they have their own coins on their own wallets. In addition the ecosystem is still clunky enough that the news still considers it a fad.
Everyone has to experience the power and cool uses of Crypto Currency for the first time for themselves, and then, the world will fall in love and mass adoption will happen. 20 years later we will be in a new age; Blockchain will be integrated with everything and everyone will use Crypto almost constantly!
***See what I did there?***
While the internet technically existed since 1983 (in a technical crude sense), it didn't become mainstream until the late 90's when AOL made a multi year large scale project to bring the masses to the internet that the rest is history. America Online (AOL) sent billions of user friendly CD's to everyone in the USA, offering a few hours of free internet. This onboarded millions of people to the internet giving it the much needed push from FAD to world wide adoption; while simultaneously shifting it from being accessible only by the technical people to the ability to use it for someone completely non-technical.
We haven't fully had our AOL Moment yet and we're still in the infancy stage as far as crypto is concerned. Of course most people are only going to be getting into buying the main 3 coins from the biggest and most regulated exchanges and not even notice that they can't barely do anything with them other than hope the price goes up. They will be listening to the news and most of the world will still think it's a crazy phase, not seeing the technologies true potential as they never have experienced it yet.
The people of the mainstream are not going to know why Crypto is important and how it works as they never tried to use Crypto for anything other than speculation. We can't fault them for it; but like AOL had to let people see the usefulness of the internet, we have to continue to use Bitcoin Cash for letting people see Crypto in it's fully glory.
However, because Crypto's AOL is already in existence at this point - this is going to change fast in the next three to four years. Those of you who recall the internet's rise; you know the pattern. It will go from obscurity to mainstream use relatively quickly once a certain tipping point is achieved. This tipping point is continuous use by non technical people. So every day people using crypto for things other than speculation.
What is our AOL you might ask?
It's non other than Bitcoin Cash; combined with sites like Read Cash and Noise Cash.
These two platforms bring in a large amount of users and introduce them to the utility and usefulness of Bitcoin Cash in a very short time!
~~-~~
How Noise App and Read Cash does this:
**MicroTransactions**: By our community giving away small amounts of BCH it shows rather than tells people that Bitcoin Cash is the Real Bitcoin; the one that actually works as Sound Money. No one has to tell me that BCH works. I see it for myself. Me getting BCH from Noise Cash showed me what no one in the media could. I was one of those people who had Bitcoin Cash on an exchange for over 2 years before I ever found Noise Cash. In a few minutes the social site showed me that Crypto works, how it works and why it works. There is nothing that proves the robustness; versatility, potential and scalability of a blockchain rather than tens of thousands of micro transactions. Bitcoin Cash can let anyone make really small transactions fast and securely - and thousands of people can do it all at once. This is what has been happening for over a year now; the blockchain itself shows that BCH can scale massively. I saw this and I've been a BCH believer ever since!
**Integration:** Most other blockchains can only dream of being integrated with a social site like Noise App or a blogging platform like Read Cash. By going BCH centric we're ahead of the game; we don't have to beg any social site to integrate because it's already done from the very beginning. This paves the way for others to see that Bitcoin Cash works well in such applications, and in a few short years others will do the same. I mean, just imagine if someone tried to integrate ETH into a social site. It just wouldn't work. But BCH is different, it's real peer to peer money. As such it THRIVES in such an environment, which means Bitcoin Cash can be integrated with anything. Tolls, bus fares, micro payments for information products or songs being listened to, pizza delivery, payments at stores, concerts, etc. BCH can be used for anything, as such it can be integrated with anything. After all a social app is the hardest use case for any Crypto to fulfill; so hard in fact that thousands of Cryptos would be impossible to integrate!
**Community:** Nothing shows how strong and innovative a crypto community is than to see how the community faces bear markets. Through our social communities we can see that the BCH community is a notch above the rest. We innovate! Noise App and Read Cash help with that so much as we can connect and talk with each other. We bring adoption to the world! By inviting others to these sites they too can see what BCH is all about. We keep using Bitcoin Cash even during the worst of the bear markets! Look to other communities and you'll see a lot of emojis and memes; look to Bitcoin Cash and you see real life adoption and every day use of Bitcoin Cash. Even our Whales and large holders are operating on a different level - one of community building, innovation, adoption and compassion for mankind. One must only look to Marc DeMesel to see that our community is the best in the entire Crypto Scene. With everything he has had to go through, he still brought thousands of people (including me) to see Bitcoin Cash's multiple use cases first hand via Noise Cash and Read Cash, especially as Peer to Peer Decentralized Sound Money.
**Overcoming FUD:** We've been dealing with negative press for our entire existence and we barely blink at never getting the respect of the traditional crypto influencers or the media. FUD is a powerful thing to overcome, it makes everyone not want to see what BCH is about. However, we don't just overcome FUD, we build. Noise App is a wonderful example of overcoming FUD, the App was launched during one of the worst bear markets. Between both of these sites, even now with all the negative press we're still seeing hundreds of new people getting into Bitcoin Cash every single day.
~~-~~
This is why I say Bitcoin Cash integrated with sites like Read Cash and Noise App are Crypto's AOL - they'll bring millions of people to crypto. Not just buying and speculating on markets, but actually using Crypto on a day to day basis. Seeing it's real power, imagining the possibilities and wanting to learn more and build / innovate more.
No ELITE can stop this from happening.
No MAXI can change it.
No BANK can prevent it.
Like AOL bringing the internet to millions of people in the 90's, so Noise App and Read Cash will bring Crypto to masses - BCH to the world.
Just sit back, revel in the fact that you're super early and watch history be made again, just like it was in the 1990's. This time it's even sweeter as you have a major part in making it happen and you will reap the benefits of it happening. Look at some early history and see how AOL got the internet to be mass adopted and then get some more BCH when you can. You can then smile as you'll know for sure that soon everyone will use BCH and we won't ever imagine what life was like before we used blockchain technology for everything.
~~-~~
Thank you Marc DeMesel and Simon for everything you've done.
We wouldn't be here without your pioneering spirits!
There is no way we can ever repay you or thank you enough as through you the world will be freed.
Konra Kingdom's Learn as you Go
What Learn as you Go is all about:
***You will get a series of tutorials and activities to guide you through the world of Bitcoin Cash and SmartBCH.***
This is planned to be unlike any other experience anywhere - as you will go from nothing to exploring advanced concepts such as reading blockchain explorers, liquidity mining, borrowing and lending, NFT's and so much more.
The specifics may evolve depending on our capabilities; the innovation of additional resources over time and the prevailing market conditions - but the base idea remains the same that you learn about Crypto and DEFI as you go.
I'm hoping this will be set up not only by myself but that I'll be aided by a group of dedicated Konra Kingdom volunteers over the entire year of 2023. We can build and test and refine this over the next year to be fully ready just in time to bring massive adoption to Bitcoin Cash and SmartBCH right as the next bull market should slowly ramp up too!
Best of all, everything we need to create this is already in existence, we just need to merge resources with concepts and activities to create an experience out of it; a sort of informational based flow letting newbies walk through the needed concepts with the help of guides.
***Level 1:***
***Gain some BCH while learning about Peer to peer currencies and why Blockchain is the future.***
Learn why the money fiat system is unsustainable, and what makes crypto 100 times better. Then you will learn about wallets, keeping your seed phrases safe, CEX versus DEX and all the basic concepts you'll need before you ever look at any markets.
In this section you will learn of a few good resources of where you can gain your first BCH while you learn about all the basics. (Potential Zarali & MintMe ecosystem exploration possible here; but more likely it'll be many people from Zarali project entering the Learn as you Go Experience for learning the basics through here...)
Level 2:
***At level 2 you will use Bitcoin Cash; here is where the fun begins.***
Now you will take some of your newly earned BCH and use it for various things. Sponsorships, purchasing some small things or doing something crowd sourced for charity.
We'll do a number of small projects at level 2 (or collaborate with others in the community) to let you actually use some of the Bitcoin Cash you earned. You'll also learn how to cash a little of it out and how to buy some more using a Centralized exchange or other local options you may have access to at the time.
The basics of trading will be covered on Level 2 as well, dollar cost averaging, how to time the market cycles, and HODL, learn about Blocksizes and why BCH is so much better than the rest.
You'll learn about a few other crypto coins and tokens too; to show how they're different from each other and the basics of how to spot a good project.
The importance of adoption is covered here too, letting you learn about various efforts of bringing adoption to the world and what the Bitcoin Cash community is doing to boost awareness and bring additional use cases to BCH every day. As you learn you'll go out and help in this adoption effort by either talking to a merchant or a few people you know about BCH or creating cool resources to help in this adoption effort.
Level 3:
***Bridging into DEFI:***
While you learn about Decentralized Finance you'll set up your first smart wallet and bridge some of your BCH into SmartBCH. Here is where the real cool stuff occurs.
You'll see what a Decentralized exchange is all about, how to swap tokens, staking and liquidity farming. Here is the first time you'll be using the various Kingdom tokens to explore various Smart chain concepts.
Claim your first Smart Token AirDrop here to get you started; then supplement this with your earned or traded BCH from Level 1!
Level 4:
***NFTs, Decentralized governance and more advanced concepts:***
Will be including some partner projects to let people explore NFT's, staking of NFT's, play to earn, decentralized governance and maybe even some borrowing and lending. These are much more advanced concepts, but they show the true power of SmartChains!
At level 4 you should have a small but residual income stream coming from your activities at Level 1 granting you a small source of BCH as well as your SmartBCH farms and staking that you set up at Level 3 may yield some modest harvests as well.
Here you will also learn about cross chain assets and how to bridge them to other chains, as well as more advanced knowledge about evaluating DEFI projects, reading block address explorers; potentially even find ways to do truly decentralized peer to peer bridging of assets and so much more.
Level 5:
***Building up sustainable Projects and bringing Tokenization to the world:***
At Level 5 we will create resources to allow the community to collaboratively learn about the many things a project will do for creating and building successful tokens.
Here you'd learn why tokenization may become vitally important in the next decade for individuals and small businesses, what resources exist to create and build up tokens, some of the tasks and things a project has to do to launch and build tokens, best practices for projects to follow, etc. You may even get to talk to project owners in a dedicated group chat about building their token projects, what they learned and so much more.
As you learn you will again put the things you learn into action by using the Kingdom Tokens and actually do some development functions for them - from growing liquidity, to locking tokens, setting up trading pairs, creating farms, get the tokens listed on new decentralized exchanges, making and voting on proposals, building the community, hyping them or partner projects, doing airdrops and meme contests and so much more. We may even collaboratively make a road map and white paper for one of the tokens in the Kingdom ecosystem.
Through this you won't only learn a lot of cool things but will actually help make the Kingdom tokens become more decentralized until they're fully community owned and operated.
As you go through level 5 activities you will gain a much better understanding of what projects do to build a successful project and should have the basics covered in case you wish to help a preexisting project, built your own project or help coach someone else to tokenize their own business, idea or resource.
It will take time to set this up, but will be well worth it!
These resources will take a while to set up naturally; and I'm hoping multiple volunteers from the Konra Kingdom will be kind enough to help me create the many write ups and resources needed; as well as have some of the community members volunteer to serve as guides to newbies walking through this modular experience. This way we can make this experience available to everyone via a special dedicated community (and Read Cash / Noise App.)
As I hope we can set up activities and write ups for multiple levels at the same time through decentralization and crowd sourcing it'll allow people to start at any level depending on their available resources and previous crypto education. By making the system modular and flexible it's a bespoke experience unlike any other.
We will also need multiple partner projects to include for our experience as while the Kingdom tokens serve as the backbone of this we don't have all of the resources ourselves. For example we will need to show the experience participants some white papers from other projects, let them farm and trade in other's tokens, utilize different bridges and so much more. In exchange for partnership we hope that the projects let others know about our onboarding experience and also point their newbies to our experience and resources.
Using the whole ecosystem approach gives a very complete experience while also teaching decentralization right away!
The best thing is that this will have a huge network effect, those who learn at the beginning can later on create more materials to teach the newbies of the future.
**Benefits:**
***Just some of the Benefits of this onboarding experience:***
In time this will lead to an out of this world onboarding experience that is challenging, fun and collaboratively built by our entire community.
The experience will boost all Bitcoin Cash and SmartBCH resources and let new people explore and experience the many incredible use cases for BCH while simultaneously showcasing the cutting edge innovation of our community.
Anyone in the community can point any newly interested person to this onboarding experience; no matter where they live.
Best of all many participants may earn a small residual income through this allowing them to gain a little taste of the real freedom granted by Bitcoin Cash and SmartBCH.
Over time it'll bring more investors to SmartBCH, onboard more merchants to BCH and potentially even bring new project teams into our ecosystem.
The marketing boost from doing something like this would counter a lot of FUD as to my knowledge no other crypto currency or token project has anything like this.
We can start small, with a few resources or write ups and then scale up as is needed. Some of this may already exist and can be integrated with ease.
Due to this covering so many aspects, anyone can help out if they wish as their expertise will come in handy. Through utilizing volunteers which serve as guides this becomes a collaborative effort, letting everyone learn by doing rather than just reading an article or how to.
It'll bond our community and make it stronger as everyone can choose to participate in a shared goal.
Great materials may come out from this, from individual articles to challenges that people can do. Just imagine through some of the activities like the multiple airdrops this can spark hundreds of new people coming into the ecosystem every month! If we get really creative over time then we can even make a sort of mini game out of it.
The community where we can do a lot of this is already being set up by me in the background (Konra Kingdom's Crypto World) and we can also easily incorporate existing places like Read Cash, Noise App and so much more into it.
Of course all of this is still flexible, it's just a basic outline of what's possible and how I'm envisioning this :).
21 Million BCH
As someone who completely understands what type of tokenomics make a project great can tell you that Bitcoin Cash has everything we could possibly want in that regards.
21 Million BCH
It may seem like a huge number, because we're accustomed to only having a little bit of everything in our possession. A few hundred dollars or even a few thousand square feet of living space, or a year being 365 days. Your work place likely has less than a few hundred employees, your social media posts get only a few likes, you only have a few thousand followers.
Everything we see around us is made in small numbers!
We're as humans are conditioned to think of anything that's a million or more of being a huge, unattainable and unfathomable number. A million dollars is considered a whole lot of money. And a million people is considered a whole lot of people.
*But is 21 Million for currency supply a real big huge number, is it plentiful?*
*Or is it the opposite, extremely scarce?*
It's not scarce when you think of country's spending bills in the Billions and Trillions, or even of the number of Millionaire's in the world which are currently numbered around 56 Million.
Money in the hands of individuals goes by a different perception than all the money in the hands of everyone in the world. Now when you're talking about ultra sound money like Bitcoin Cash, it's even more true.
21 Million grains of Salt only fill about 21 Cups. That's not a lot of Salt compared to what is sold in the stores on the shelves at any given time, or the tons of salt shipped from one part of the world to the other? There's a whole lot of salt and 21 cups are just a tiny amount when you look at it in proper perspective.
That's what we ultimately need: Perspective!
If you divide 21 Million coins by the total number of people in the world, each person can only have a little over 0.002625 BCH. That is if all coins were already mined (they weren't yet), none would have ever been lost (I'm sure a whole lot of coins are lost and / or inaccessible) and no one would HODL nor any exchange would keep BCH in reserves to sell on their markets.
Obviously lots of people HODL BCH, a whole lot of exchanges keep Bitcoin Cash in their reserves; even Konra and Narath which are tiny Crypto projects on a small side chain have together over a dozen BCH worth locked up in Liquidity pools across SmartBCH.
Once you split the total supply of BCH across thousands of use cases, and a few million community members, then the 21 Million coins are but a drop of water on a hot stone.
The demand will very soon greatly outnumber the supply, the moment people wake up to it's real potential.
Bitcoin Cash has a LOT going for it and from a tokenomics stand point by there being only 21 Million coins it's already set to be in the top of the list of desired assets of the next decade.
Especially since unlike BTC and ETH there really hasn't been *that* much institutional investment in BCH yet, it's mostly been regular people like you and me getting into it despite a lack of decent media coverage.
BCH is still waiting for our equivalent of Elon Musk and MicroStrategy and El Salvador to throw a few billion dollars into Bitcoin Cash.
Believe me, with the amount of adoption and innovation going on in the background no matter how much FUD they want to spread, that day of large scale institutional investment is coming and few of us can even imagine what will happen to the value of BCH at that point!
Let's look at why this is inevitable!
***Bitcoin Cash as Peer to Peer Sound Money:***
Just like Satoshi wrote in his white paper Bitcoin Cash is fulfilling the valuable use case of being peer to peer currency in the truest sense of the word. You can send BCH for less than a penny, to anyone in the world, quickly and safely. It's so good that places like Read and Noise can use BCH for thousands and thousands of micropayments every single day.
*Very few Crypto Currencies can make this claim to even be capable of doing this.*
*And here BCH is actually doing it, and has been doing this for years.*
In addition Bitcoin Cash is easy to get, anywhere in the world. All the large exchanges list it, you can get it via Decentralized exchanges and even by swapping on many wallets directly. Then there are BCH ATM's scattered around the world; sites such as Read and Noise give thousands of people their first taste of having BCH; some projects are hiring and paying people in BCH and due to the constant adoption push as a merchant you can easily start accepting Bitcoin Cash gaining more customers.
All of these are making it even easier than ever to get your hands on some Bitcoin Cash.
It's also easier to use it than ever before either with tens of thousands of merchants accepting it daily and the existence of multiple solid peer to peer networks allowing you to use BCH for multiple things daily.
Both of these are growing daily; giving BCH one of the biggest use cases in the world.
*BCH can fundamentally do everything that Fiat can do, but do it 1000 times better while being completely decentralized!*
For example can you use fiat (or even banks) to pay someone for something using a social network?
No, you can't.
However, you can do that with Bitcoin Cash (and even Konra) via Noise App.
***This multi faceted use case of Peer to Peer Currency will greatly increase the demand for Bitcoin Cash over time as it's Sound Money of the future.***
***SmartBCH:***
Secondly is DEFI capability, like Ethereum and BNB powering DEFI networks Bitcoin Cash can be used to power powerful new use cases in the Decentralized finance space. You can use BCH to create multifaceted token projects such as play to earn gaming, borrowing and lending, decentralized exchanges, NFT market places and decentralized governance.
All of this is possible via SmartBCH - a new BCH powered SmartChain.
However unlike Ethereum the transactions are ultra fast with a new block coming every 6 seconds and the fees are ultra low, again hovering around a penny for most things and going up to a few cents for the most intense transactions.
*This allows anyone in the world to get into DEFI with ease, at any time.*
SmartBCH does a lot more than make DEFI available to the masses; it also locks up lots of BCH as projects almost all hold their liquidity paired with BCH and investors pay for everything with BCH bridged to the smartchain.
That means if even Konra Kingdom becomes even a medium sized project then the effect on BCH will be huge. If multiple projects do this type of scaling up, then SmartBCH will grow to the size of Ethereum naturally and quickly as our transactions go through quicker and the fees are much smaller.
Why do I know this?
Because that's exactly what happened to Ethereum, many tokens on CoinMarketCap are ETH based tokens, that have grown big thus directly translating into the value of ETH increasing. But unlike Ethereum which is of unlimited supply, Bitcoin Cash is of limited supply.
There are over 159 Million BNB right now and over 122 Million ETH; with more minted weekly. In addition you can use neither one of them as a peer to peer currency.
Remember, 21 Million BCH will only ever exist and everything in SmartBCH uses BCH.
A few projects on SmartBCH right now have a few thousand BCH locked in liquidity. This may not seem like it's significant - yet as they grow then there will be tens of thousands if not hundreds of thousands of BCH locked into liquidity. Individual investors also lock thousands of Bitcoin Cash into various staking pools on SmartBCH.
Through this any growth of projects and increase of investors via SmartBCH will greatly affect the value of BCH over time as it will directly make BCH even more scarce.
That's why I know SmartBCH is another huge win for Bitcoin Cash and it is very important to grow the side chain and all good projects on it!
*Locked up BCH on a side chain = less BCH available on the main chain.*
Now look again at the 21 Million Coins in the total supply of Bitcoin Cash.
***DEFI as an use case on a very good side chain will at least eat up a million (or two million) of BCH over time.***
**Store of Value:**
Not often talked about but because of the total supply only being 21 Million Bitcoin Cash also proves to be an excellent long term store of value.
Like gold it's ultra scarce, and the more the community grows, the more scarce it'll become while the innovation increases to find us ever yet more use cases.
It has the same amount of coins as Bitcoin; yet unlike Bitcoin it is fundamentally stronger due to it's bigger block sizes and has a lot more use cases. So any argument or benefit given by Maxis will be more so true for Bitcoin Cash as a store of value. In addition we have a lot more going for us as the transactions are faster, and cheaper allowing anyone in the world to get and HODL BCH as a store of value.
Neither fiat nor Ethereum can be a store of value, but again, Bitcoin Cash can!
*This means unlike any other Crypto Currency it's actually Bitcoin Cash that becomes viable as one of the best store of values over time.*
Due to these three things it's huge as it lets Bitcoin Cash be like Ethereum (powering smart contracts) and be like Bitcoin (a store of value) and also be a sound peer to peer currency (sound Money.)
Three major use cases, fulfilling the same need as multiple other things:
Ethereum, Bitcoin, BNB, Gold, Fiat Money, Governance, Paypal, CreditCards, Banks, etc
Since ONE coin can do all of this, already just five years after it's split and the supply is only 21 Million the question you should be asking is this:
When and how will you get your first BCH?
Do you want to get one now, when the price is only a bit over 100$ or are you going to wait until it's at 1000$ per coin, 3000$ per coin or 10000$ per coin.
Do you want to buy it, earn it, or swap it?
Always remember this: When Elon Musk tweets about BCH it'll be too late to stack your bag full of them; cause then every millionaire will be aware of it! And with 56 Million of them, they'll quickly eat into the total supply of BCH. Once a Country adopts BCH as legal tender it'll be too late too as then every other country will want a piece of the pie too and the amount of BCH available on exchanges will run low quickly. When SmartBCH's Total Value Locked rivals that of Ethereum it'll be too late too as hundreds of projects will have locked most of the BCH up into liquidity pools.
***When the supply runs lower, the only place demand can go is to bring the value per coin up.***
With BCH this will be exponential! Don't wait too long. The world has slept for the last 5 years, being distracted by the FUD, the news and shiny other coins presented as the next best thing.
Bitcoin Cash is better than anything on the market, as such the world can awaken to the real potential of BCH at any moment...
(Of course not investment advice; do your own research)
Zarali Project
I realized that some of the things I learned in the last two years can seriously boost one of my personal projects; while simultaneously bringing lots of new people into Crypto thereby solving one of the biggest problems faced by Crypto today.
Zarali is a personal project I'm working on that will be in close strategic partnership with the Konra Kingdom that will have the side effect of bringing mass adoption of Crypto to realization thereby benefitting everyone.
As an entrepreneur I have a lot of things that I was going to be doing on a personal level, where I realized if I actually integrated it with Crypto and blockchain it would almost automatically help significantly to fulfill many of the goals I had for the Konra Kingdom.
*I figured why should I leave opportunities for mass adoption on the ground, if it's not that hard to integrate everything from the beginning benefitting everyone in the process.*
Zarali is going to be hosted via MintMe, the project was originally envisioned to only be used to create the Millionaire's club. This club is something I have visualized of doing since over a decade but never knew quite how to do it best. So all I've done in all this time was amass information and countless of pages of notes I'd share with the members of this future club and via consulting I was going to set up along side of it. Such as Social Media marketing is a big deal these days, oh wait, I'm pretty good at that, I could write up some cool stuff for helping people gain influencer status and get more engagement on social media. Oh, this crypto stuff I'm doing is cool, it could really help a lot of people gain financial freedom, let me do some notes on it and then have them to share it and some cool resources with people once they join the club. On and on it went; including things that I never shared with anyone before. I envisioned unique new industries we could enter together, cool new ways of networking with each other, whole businesses that could shake up existing industries and so much more.
As I learned more about Crypto I realized that setting it up only via a normal membership website wasn't the best option, I could do a LOT more with a lot less if I utilized blockchain technology and some of the cool resources I found in the last few years. However, seeing that most people didn't understand crypto or blockchain technology I needed to put it in a place where everyone could interact and participate, despite their lack of Crypto knowledge.
Enter MintMe.
MintMe is a place where one can use blockchain technology and tokenization to boost their idea and make it a reality. That sounded perfect for Zarali and the Millionaire's club. As I worked with it and figured out how I wanted it to all be I realized it's actually in the most suitable place to serve as an actual onramp for those who have little or even no crypto knowledge.
It was a powerful tool, yet just like SmartBCH, it has one major problem.
*Most people don't know about it; only a few thousand people did, so they couldn't use the resources to empower themselves. Since I was about to address almost an identical problem with the Konra Project I found it would be better to partner the two projects so the communities could more easily collaborate on this. People would be referred to the tokens on SmartBCH anyhow, why not make it more official, again for maximum benefit. It wouldn't even be hard to accept SmartBCH tokens for the Millionaire's club dues; giving yet another use case to our tokens. The plan formed itself into stone during a couple of sleepless nights this last week.*
From the introduction I listed four areas I will focus on with the Zarali project:
1) Teach about Money, Blockchain and Crypto concepts. This integrated nicely with many of the other concepts I was going to cover with the Millionaire's club; to explain how the system is tilted against our favor and what we need to do to overcome those obstacles...)
2) The second part is the mass onboarding of people into Crypto via using Zarali and MintMe as an onboarding ramp.
*This will involve marketing and crowdsourcing to get everyone to see the benefits of blockchain and crypto technology, then showing them how using it can benefit them personally to build their brands.*
*As more and more people use blockchain technology to boost their own endeavors, and bring their fans and followers it'll create a snowball effect of adoption. This is planned to eventually branch out to include ways to tokenize on other blockchains for those who learn the basics.*
Yes, this will help bring people to Bitcoin Cash, SmartBCH and even other side chains as it's all about onboarding people and then sharing resources with them where they can explore further.
Educated people tend to explore more and do more than just buying a few coins and tokens on Coinbase.
3) Collaborate with others to tokenize their projects and endeavors:
It goes hand in hand with number two, as once people get onboarded and people wanted to boost their own endeavors or get their own ideas off the ground it would be easy enough to show them ways to benefit from doing similar as I'm doing. Again, this would bring massive amounts of adoption into the crypto space, as some would tokenize via MintMe and others would learn the basics to hop straight to SmartBCH, BNB and even other side chains where they could leverage powerful DEFI tools with ease.
4) Set up the Millionaire's club.
Number four was setting up and utilizing the project to facilitate the Millionaire's club. I had it listed on number four as it would take the longest out of the four goals to fulfill completely but if it succeeded it would become one of the most coolest things to be tokenized.
How this will benefit everyone:
More adoption for BCH and SmartBCH. It's easy for me to ask those in BCH and SmartBCH if I can point newbies to the resources they have. At first it would just be a few people, but over time it would be more and more individuals who otherwise might never have found these places on their own.
Benefiting the holders of Kingdom Tokens: Kingdom token holders will get some Zarali tokens once it's deployed on the blockchain. New people exploring SmartBCH will benefit holders of Kingdom tokens, as some may invest into Konra, Narath, etc. In addition, it's easy for me to allow people to pay for the Millionaire's club dues, various smaller info resources and even coaching or services in Konra, Narath, etc. The partnership will also grow our community over time.
SmartBCH Boost: Some of the income from this side project will of course, like all of my endeavors go back into SmartBCH, Bitcoin Cash and the Konra Kingdom. If successful liquidity to our tokens will no longer be an issue as I always put some of what I make into the Kingdom; while the income can also help me focus on my work fulltime.
It may position me as an emerging authority on Crypto and Blockchain technology. This means others will want to hear what I have to say and this will translate directly into more people becoming aware of our ecosystem. How's that for some serious FUD busting.
This is just the initial thoughts about it, some of this may still change over time.
After you comment on this article feel free to hop on over to Zarali to watch the progress!
https://www.mintme.com/token/Zarali/invite
What if Satoshi was an Alien?
Imagine this for a moment, what if you were a visitor from another galaxy far, far away, or at least came from someplace other than Earth. You see humanity struggling under the heels of an oppressive system, practically enslaved by those who run and control everything with the help of the fiat monetary system.
Having transcended all of that, you feel for the people of Earth and want to help but without causing undue chaos because you're not from around these parts and first contact probably wouldn't go over too well.
So what could you do, that's powerful and able to change everything - without revealing yourself or your origin in the process?
Drop a little piece of alien technology on the planet, nurture it long enough into becoming viable and then leave, without telling anyone anything about yourself.
This is just one of the possibilities of what happened, and the one I will explore in my article. Enter the colorful history of Bitcoin and Satoshi. To all of us, we know that Satoshi invented Bitcoin, explained a lot about how it's to function and why, grew the initial community, and then left never to be seen or heard from again leaving his or her billions of dollars worth of Bitcoin untouched.
I'm actually of the belief that this alien - trying - to - help - anonymously scenario isn't so far fetched, it's entirely possible and in this article I'll give a few reasons why I believe this could indeed be so....
*Please note, that I believe that Bitcoin Cash is the continuation of the original intent of Satoshi as described in every communication left behind so I will be focusing a lot on Bitcoin Cash.
**1) Bitcoin Cash is revolutionary, a peer to peer decentralized payment system.**
Mind you, I didn't say as just a store of value, or as merely an object of market speculation, I said the peer to peer payment aspect of the technology is revolutionary. It's the one thing that can actually free humanity. Market speculation and using it as a store of value can grow wealth and increase interest in it among people, both of which can help to free us but ultimately it's the peer to peer payment aspect that will free us. Everything else is just gravy to help speed things along :).
**2) Bitcoin (Cash) uses a powerful network effect to boost over time.**
It's one of those fancy positive loop systems where once even a small community is dedicated to seeing it succeed it'll keep growing and expanding until it thrives. It's why Satoshi could leave and Bitcoin is still around and going strong. That's because opting out of the Fiat System and going over to BCH has a net positive effect on everyone; you're both opting out of something corrupted and building something new and better. The fiat system loses a tiny bit of it's power over humanity with every dollar you put into Bitcoin Cash and Smart BCH tokens while our community gains the power to become more decentralized and free.
What's more is that you're likely to grow more wealthy over time while those who remain in the fiat system grow less wealthy over the same time. Bitcoin Cash (and many SmartBCH tokens) will gain value over time while fiat automatically loses value every year. As more people become empowered others will see the success and want to join where they're more likely to succeed and thrive.
I am convinced Satoshi knew this and counted on humanity to gravitate to the better system.
**3) Those Decimals are otherworldly, the Supply is limited and Halvenings, oh My!**
Those Decimals.... when you look at Bitcoin Cash, you see something that trips up every newbie as it's so... exotic, unusual and...well, almost alien.
1.00000000 BCH
There was nothing saying it had to be like this, after all most currency is very different having only two or three decimals at most.
Having a limited supply is also very different from fiat systems, it's actually directly opposite of them. With only 21 Million coins and a strictly controlled system of emissions for the miners it's got scarcity and timed growth of value programmed into it.
As the community of users grow the emissions become more scarce!
I can just about bet that Satoshi even knew that it would not only be scarce but even be deflationary too, due to lost coins. After all some of those lost coins are Satoshi's and they haven't moved in over a decade along with hundreds of thousands of others.
**4) Bitcoin Cash spurs technological innovation:**
Proof of work requires massive amounts of energy, blockchain technology require our computing systems to become upgraded quickly to handle it and decentralizations which requires us to think of relying on each other, not centralized systems.
All three of those boost parts of our infrastructure and society that we're actually going to need if we ever hope to go past our atmosphere and wander the galaxy. Scaling up BCH and innovating blockchain solutions means we have to boost our technology in these other areas too. And we have to do this decentralized, which is another aspect vital for going beyond our own atmosphere. Out there, centralized systems will quickly fail due to distance and communication's lag.
**5) BCH puts pressure of dealing with a rapidly evolving society onto the Elites and the Governments:**
Bitcoin Cash makes the government embrace powerful change and deal with it head on. And since each government will make different choices they can't defeat it, only decide to either secure their place in the new economy or squander away their chances of remaining relevant.
As the Governments don't have a lot of incentive of embracing Bitcoin Cash, individual users and small communities will make the plunge first. This will lead to a change and great transfer of wealth; the poor will become rich and the rich will become poor.
Bitcoin Cash thereby puts the pressure on governments to change with the times, and quickly deal with decentralized services and blockchain economies as well as people leaving the fiat system in droves to go do their finances on the blockchain and organize themselves in a decentralized manner.
Even by setting up centralized coins and blockchain systems a government cannot stop the progress, all that'll do is onboard more people to the real sound money used by the people. They'll learn about Central Bank coins and then promptly go to BCH the moment they understand it all well enough. It's why everyone gravitated to the internet and social media.
**6) Satoshi left without a trace:**
Very few humans could walk away without seeking fame nor enjoying their fortune; imagine the willpower needed to never say anything to anyone about that you invented Bitcoin nor make a beeline to those wallets to use the coins in them to make your life better.
Unless Satoshi is a monk, human nature would have him or her reveal themselves.
Oh yeah, and even more telling is the fact that the governments can't find Satoshi either. The elites and the governments (or other unsavory types) would want to find Satoshi, and yet no one can.
That should be our number one clue that Satoshi may not be from around these parts!
**7) There's no real way to destroy Bitcoin Cash**
It might be able to be done only if you take out all electricity and the entire internet as if one node survives then it can recover.....
This makes Bitcoin Cash virtually indestructible when one gets down to it. The decentralized global nature makes it extremely difficult to prohibit use of it, and impossible to do more than slow down the spread a bit.
Governments can't agree on anything, so we're safe on that end. We're global and decentralized, they're not.
The SmartBCH bridge debacle also proved that point too, we can innovate our way out of anything if we're determined to have BCH thrive.
As such I know that BCH will still get adopted globally, no matter what anyone does.
**8) Satoshi knew fiat markets would fail and ultimately centralization would fail.**
Due to the notation in the Genesis block referring to bank bailouts from the 2008 crash it was clear that Satoshi knew the Fiat system wouldn't survive past a few more decades.
This means that besides being a smart talented programmer, Satoshi was also very well versed in economics and even a little psychic as far as the future was concerned. And of course everything came to pass to show even us stubborn ones that we need sound money again, not an endlessly printed into oblivion fiat currency that's not backed by anything.
Thankfully Satoshi gave us one thing that could help us out of the future mess that run away inflation will get us into.
***Bitcoin Cash***
With only 21 Million coins, and some of them lost, others not yet mined and many HODL'd strong it's value continuously will go up as the dollar and other fiat currencies will lose their value.
While this doesn't give all of the reasons why I believe Satoshi may have been from another world, it clearly is enough to make any of us think about the possibility.
What do you think?
Do ever wonder what Satoshi is feeling?
Do you ever stop your day to think about what Satoshi must be thinking of the current crypto landscape, the level of adoption and the advancements which have come to the ecosystem since he or she left? Seeing our memes and the scandals as well as the government responses; seeing his or her creation left behind to tackle the many problems of our ailing world.
Even more so can you imagine sitting on Billions of Dollars and being famous for your invention of blockchain technology and yet never telling anyone that you did all that.
As someone who has my own token project I often think about that, the fact that Satoshi must be somewhere watching all of this unfold, day by day. Seeing new tokens and coins pop up, the FUD spread by the media; Bitcoin and Bitcoin Cash going up and down in the markets.
It must be nerve wrecking, there must be days when he or she feels like they can't hold it in anymore.
"*I said peer to peer cash, not another tool of global bankers*!" I can almost hear him or her screaming at the TV seeing BTC in the news again.
Thinking "*Why didn't you take your money off that service, I said, to keep your key yourself*" when he or she overhears a conversation in a store comes on about a centralized company going bankrupt.
"*Come on, that's a total 💩coin. I gave the fundamentals of a good coin over a decade ago so you'd know what to look for...*" Under a grumbled breath when scrolling through Twitter.
"*Inflation is so out of control....*" while reading an online news report, "*my Bitcoin can help with that...as long as they keep up with focusing on adoption and innovation.*"
While I'm not sure if that's exactly what Satoshi would say or think while observing all of this from a distance, the sentiments are likely similar. He or she probably made a commitment a long time ago to never reveal themselves, to let Bitcoin get developed further and owned by the whole community, so it could become true peer to peer cash for the world.
Satoshi likely wanted each of us to be Satoshi. Wanted all of us to take what he or she started, to become advocates for decentralization, blockchain technology and peer to peer cash. Together Satoshi knew we could bring about a massive financial change, to bring about the very thing that can help humanity out of this mess we're finding ourselves in right now.
I know Satoshi, where-ever you are, you described decentralized peer to peer cash when you wrote the White Paper. You're hoping all of us do the right things. You'd never reveal yourself, past that "hello world" moment when you gifted Bitcoin to the world. I know, you're watching everything that's going on. I know these things people are doing are driving you crazy, they put words in your mouth when you so clearly told all of us what you were thinking and wanting out of Bitcoin.
When I see Bitcoin Cash I know you see what I see in it. The continuation of your vision, the bringing of real peer to peer global sound money.
I know you often want to speak up and set the record straight among the Maximalists, or to pull your millions out to help further adoption or do charity projects involving blockchain.
But as you're seeing the world crumble around us you know the only thing you can do is to sit back and let Bitcoin be Bitcoin; to let us advocate for Bitcoin Cash to become the global currency you've wrote about and envisioned. You know if you stand up and declare yourself Satoshi we'd never take the courageous steps needed for each of us to become Satoshi.
I for one want to thank you for that as I know by you walking away and then remaining in the shadows was the hardest thing you've ever done. I could never walk away from Konra and Narath, so I know how hard that must have been for you. But I also know you walking away was the only way for our world to ever be freed from the clutches of the Elites and the Bankers.
Thank you as you've not only been a huge inspiration for me, but also the inspiration for millions of others...and you give hope to Billions that all of us will have financial freedom in a peer to peer system where we all are Satoshi and in control of our own money!
Deep Dive: The Blockng Civil Beam Pools
At first it may seem a little confusing of how the CIVIL Beam pools work on Blockng's DEFI page at : https://blockng.money/#/kudos
Here I'll give a little bit of an overview:
Why this is game changing for Projects & Investors
What it costs & how to create a beam farm pool for project leaders
How to get Law Rights to get voting rights
How to vote for Konra or your favorite farm
How the KONRA Kingdom's CIVIL BEAM FARM can help you gain some Law for your long term HODL bag.
*Yeah, it's actually a deep dive, but since you're here and you really want to get some more Law into your hands you might as well pull up a chair.*
First of all, why the Kingdom went for a CIVIL BEAM pool....
...and why your project should too!
The Law token project by Blockng is one of the most prestigious and long term innovative projects on SmartBCH and other than the Kingdom it has the greatest potential to really change our interactions with Blockchain technology. Any ability to earn LAW tokens is considered something worth to be explored as they have a total supply of only 21 Million and have a real fair distribution among the community. Furthermore being plugged into the Blockng platform is vital for long term success for the rest of our projects as they've been on the forefront of innovation on SmartBCH for the whole time.
*In short in my humble opinion working towards getting a BEAM Farm is currently one of the single best steps a long term project can do to build their future.*
The Kingdom also feels that tokens pegged to LAW are safe from future issues, unlike those who were unfortunately pegged to FLEXUSD when that whole thing went down hill like a roller coaster. As such regardless of what else is going on in the ecosystem LAW is pretty safe and stable aside from the Kingdom currencies and BCH itself.
As such LAW is going to become one of the Kingdom's main holdings aside from BCH.
***Here are some of the benefits for the SAVVY project DEV:***
Community members love earning LAW tokens
To my knowledge a beam farm cannot be taken off the blockchain
The APR rate can grow organically with the project's development & community growth
Getting a BEAM Farm will show a project is long term focused
It's an incentive for the community to vote for and keep locking up LAW tokens to increase a farm's APR; allowing to unify our communities around a common goal.
Increases the value of the collective LAW holdings from all of us!
Beam Farms will give Projects a way to directly be included in Blockng's protocol giving projects additional exposure in the markets and a bit of prestige and Klout along the way.
Project leaders can *responsibly* farm beam pools to help increase their own projects' liquidity and use it to build a real treasury in LAW tokens or even occasionally buy back and burn their own tokens. On the flip side, project leaders can farm like crazy on other project's beam farms and thus increase their own liquidity, boost their treasury and otherwise improve their projects while helping out the whole ecosystem. Win - Win for everyone!
Why you as an investor should farm CIVIL BEAM POOLS:
The APRs are similar if not better than most DEX's farms and all of the pairs are paired with LAW making them very safe and attractive investments for the long term.
All of the CIVIL beam farms let you earn LAW tokens, so they're extremely good for your long term portfolio. Holding LAW is extremely beneficial as if you read more about the LAW project and now see how they're implementing the CIVIL beam pool program it'll let you see why LAW tokens are a clear choice for the future as Blockng is one of the few projects besides the Kingdom which truly understands advanced tokenomics!
Cost of Setting up a CIVIL BEAM Pool:
Setting up the CIVIL BEAM pool was expensive, I won't lie. At approximately 1000 dollars in this slump market it was normally way out of the reach of the Kingdom's budget, but I found it so important for the Kingdom's long term success that I used my own money to make it happen and added a LawPunk to it in order to lower the cost of entry a little.
*May the poor sacrificed Law punk #279 with her blue eye shadow live for all eternity on the blockchain watching over the Kingdom's farm!*
**Total approximate cost to set up a Law CIVIL Beam pool:**
*3.5 BCH & an equivalent amount of LAW tokens*
*(These are in the form of BCH - LAW liquidity provider tokens)*
*1 Law Punk*
Alternatively you can provide the whole thing in Liquidity tokens but that makes the CIVIL BEAM pool even more expensive as you'd have to provide approximately 7 BCH & the equivalent amount of LAW tokens in Liquidity tokens. That's a LOT of LAW, trust me. It's even worse as the market is down right now, so those BCH and LAW tokens are worth more than 1000$ once the market recovers.
Some projects may get lucky and have someone else create their beam FARM for them, but for most of us it'll be up to us to do it ourselves.
So when selling that next NFT collection, consider putting a good amount aside for that BEAM farm.
In the picture the screen shot as I set up the CIVIL BEAM pool for Konra. Shown with adding a LawPUNK option, otherwise it would have cost 131 LPs of LAW - BCH from LawSwap. I picked a low ranking level 0 LAW punk as I don't think the level makes any difference in the process.
EASE of setting up a CIVIL BEAM POOL:
The process itself was easy, you simply go onto the KUDOS page on the Blockng website, scroll down past the LAW DAO section and click on "CREATE BEAM".
Once there you can choose your LP pair for the farm, choose if you wanted to add a LawPUNK and then pay the fee in LP tokens. Of course you have to approve everything with your wallet and the process is a few steps.
However, once it's done the Beam pool goes live a few minutes later, but as you'll notice it won't have any APR attached to it yet.
*Note: After you complete the creation process it'll take about 3 - 4 minutes for your beam pool to show up and when it does show up it'll be on the bottom of the listing (so you may have to look on page 2 for it). You're on the bottom as you will have a new BEAM POOL with no vote power yet. Those waiting minutes were the most tense 4 minutes of my entire life; let me tell you that as my internet does glitch a few times per day!!*
As you can see in the picture above, the KONRA Civil BEAM Farm is live but there's no APR yet, even after I added vote power to it as it takes about a day or so after you add LAW VOTE POWER to it. And that's of course if I did everything right; I sometimes goof things up and then have to go fix it afterwards....
But the main take away is that just by creating a BEAM pool you can't earn any LAW yet from it until more things are done as I'll explain below.
Getting a New Farm an APR
It's important to note that when someone creates a BEAM farm you only get the farm. It doesn't yet come preloaded with rewards doled out; so it's not a plug and play farm.
*This is like buying the land to put your farm on, now you gotta buy the chickens and convince the towns people that they might like what you're planting there...*
All of the CIVIL BEAM farms on BLOCKNG get reweighted every day for their share of 7692 LAW tokens, and in order to get a share of the rewards the community has to vote for the farm with their LAW RIGHTS vote power. I'm not sure exactly how the reweighing works or if it's exactly every day or if it takes a while to fully get into the system. There's a lot of really complicated stuff going on under the hood, so once you have your farm and some vote power on it, have patience.
However in a nutshell the higher the percentage of the total VOTE POWER your favorite farm has, the better the rewards.
For example:
0.33% = a little over 25 Law per day
1% = 76.95 Law per day
5% = 384.75 Law per day
10% = 769.50 Law per day
25% = 1923.75 Law per day
Keep in mind that if you're farming a farm that the rate is for the whole farm per 24 hours, so your estimated daily reward goes by how much of the total pool you have as a farmer. Either way, the rates are very good for most pools. But they do change as the farms are reweighted, more people join the farm, etc.
If the farm has a 0% APR rate then it either doesn't have any or enough vote rights attached to it or it's younger than 24 (or however many hours it needs) and thus hasn't been updated yet with their votes counted properly in a reweighing.
As the ecosystem changes and more farms come online, the competition will likely become greater and the need for more LAW votes will be vital. This is HIGHLY bullish for LAW token holders as the demand increase for LAW will go up significantly as more LAW are locked up and used to create beam pools.
Not sure how the bribery section will work once it goes live; but given how Blockng does things it's sure to get interesting and add another layer to the system.
*I encourage every community member who supports SmartBCH to use your vote power to upvote the farms of the Konra Kingdom and other projects you like and support.*
Consider focusing on the smaller projects as the big projects often have plenty of farms on most of the DEXs and they will always get theirs, as they have large budgets and plenty of supporters, it's the small projects who need these farms the most and who will benefit the most from your votes. Small projects are often ignored or passed by most of the DEXs and often have to pay for farm rewards from their own tokens or with their own money.
*Why I chose Konra to have the BEAM Farm:*
*Konra is a low supply low cap and extremely scarce token; making a BEAM farm even more powerful for our holders even if our percentage rate isn't that high it can still do wonders.*
Getting LAW RIGHTS VOTE power:
You get VOTE power by getting Law Rights and you get those by locking up your LAW tokens for some time and / or locking up your Lawpunk for the same amount of time.
***Where to get it:***
On the KUDOS page, you'll see the heading with the LAW DAO. There you'll see the option to mint LAW RIGHTS NFTs by locking up your LAW assets.
***Lock up Terms:***
1 Month
6 Months
1 Year
4 Years
100 LAW tokens locked up for 3 months will get you 2.5 Vote Rights (2.5 veLAW)
100 LAW tokens locked for 6 months will give you 12.5 Vote Rights (12.5 veLAW)
100 Law tokens locked for 1 year will grant you 25 Vote Rights (25 veLAW)
100 Law tokens locked up for 4 years will get you 100 Vote Rights (100 veLAW)
Each power level of your LAW punk will give it a little bit more Vote Rights, it's not that big if it's a low level punk, but may be significant enough to matter if it's ranked decently and / or is locked up for longer time periods.
Toggle around with the settings until you like what you're seeing.
As you can see it goes up the longer you lock your LAW tokens and / or your Law PUNK. This may seem cumbersome for us however, it's very useful on the prospect of increasing scarcity of LAW tokens over time and it makes sure there's less cheating as our vote rights cost something tangible. This combination is very useful to project communities.
So see it less of a burden and more of a service you're doing for all LAW holders and our community for the long term. In addition, locked tokens cannot be sold, so it'll take away the temptation of selling your valuable LAW tokens if the market dips turning you into an instant diamond hand. You never risk losing your Law Rights, as you can reallocate your votes at any time.
I took my 4000 long term HODL law tokens and quickly locked them into 4 LAW RIGHTS NFT's to give the KONRA Farm 3985 Votes on our BEAM FARM.
Here is how you can do the same to support the KONRA KINGDOM or your favorite other project:
1: Go to KUDOS page, scroll down to THE LAW DAO section
2: Fill in the relevant places on the LAW RIGHTS MINTING form
Choose if you wish to lock up a law punk too
Choose the amount of Law tokens you wish to lock up
Choose your lock up term
Toggle the options till you like it, then look everything over, then click Create Persona
3: Approve the transaction(s)s, follow the procedure. You'll likely have to approve it once or twice and then do the minting transaction.
Law Rights are sellable on Oasis, however you must exit all beam pools and undo all your votes before you can sell your Law Rights. I know having Law Rights gives you some benefits and share of profits as well, but I don't know the details of it and I think you don't get any of that until you unlock and dissolve your law rights.
Be sure to read additional documentation from Blockng team to get the details of that as they make it available....
Using LAW Rights to VOTE for the KONRA Farm:
Now that you have Law Rights you can vote for the Konra Farm by following these simple steps.
Step 1: Still on the KUDOS page, scroll down to the CIVIL BEAM POOL section where you see all the farms listed. You'll see an option on top left to "Please select your Persona"
Step 2: Choose your LawRights NFT that you wish to vote on the Konra - LAW farm.
Step 3: You'll notice the screen changing revealing up and down thumbs besides all the farms.
Step 4: Scroll down until you find the LAW Konra farm, assign the amount of your vote power you want to allocate to the Konra Farm, then click "Cast Votes." Once you followed the procedure on your wallet, then it'll take 3 minutes or so for your votes to show up on the Konra - Law farm.
Law Rights remain with the farm until you reallocate them, but I heard that after ten days the Law Rights get reset meaning you may have to vote for the Konra farm again. It'll always tell you how much Vote Power of your Law Rights NFT was already used.
Staking Konra - LAW tokens in the Konra Farm to earn LAW tokens:
Here is the step by step process for staking your Konra Law tokens into the Konra CIVIL Beam farm.
Step 1: Get Law Konra Liquidity tokens, go into the farm section and click on "Get LP". Follow the instructions for providing liquidity.
Step 2: Return to the farm on the KUDOS screen.
It'll show the deposit section where you can fill out how many LP tokens you want to stake in the farm, if you wish to stake all of them Click MAX. You can boost your rewards by designating one of your LAW RIGHT personas to the farm. (I believe this boosting ability is separate of the Voting ability, I voted with them first and then split them up between the farms I wanted my farming to be boosted on)
I think that the gained rewards roll over rather than auto harvest if you stake or unstake LP's into or out of the farm, however, to be safe claim your rewards before you do so especially if you have a lot accumulated until we hear from the Blockng team that they definitely roll rewards over or auto harvest them. Better safe then sorry; we're talking about Law tokens here!
You'll see your rewards pool under the "earned LAW" section once the farm gets an APR rate, when you have enough pooled, you can claim it.
So far plenty of really cool projects have set up shop on the CIVIL beam pools besides KONRA. Please note some of them are still in the initial 24 hour time period or have no VOTE Rights yet.
Among them are:
TANGO
CST
LAMBO
HOLY
EVE
BLUE
CATS
ARG
The BOLIVAR BRIDGE TOKENS
And many more!
I have a feeling in the near future Blockng's CIVIL Beam farms will change the way we look at farming. In the meanwhile, I'm sitting here waiting for the LAW - Konra farm to get APR'd.
DEFI: Integration with the Real World
This will be my second article where I will just pen my thoughts which will help us realize the real potential of Blockchain Technology through Bitcoin Cash and SmartBCH.
DEFI is powerful on it's own, so powerful that it can topple the elites and the system as long as we keep growing it's influence making it accessible to everyone while simultaneously fostering global adoption of BCH as the global peer to peer currency. However, once we mix DEFI and Blockchain technology with the real world it becomes an unstoppable force of change that no Government nor Army can stop.
First of all, what is this integration that I'm speaking of here? It's not NFT's but NFT's can be used as a tool to make this a reality. It's not even staking and farms, or DEX's; although again all of these can be used as tools in a varied toolbox of being a tech savvy modern change maker and advocate for humanity. See each innovation being brought forth as a potential new tool we can use to modernize and bring about positive change and you'll see where I'm going with this.
I'm speaking about doing all we can do to fully merge Blockchain technology with the real world to make our processes smoother, more transparent and more decentralized in the process.
From Charity to DAO's and Blockchain Voting, Play to Earn Gaming to Decentralized Finance, every bit of everything we're developing and testing now in our small community will be the tools of the future we will use to change the world and every aspect within it, slowly rooting out Corruption in the process.
NFT's can be used to tokenize multiple assets allowing the seamless transfer and verification of them. Cutting out the Middlemen in so many industries will make things more affordable and lower red tape and corruption in the newly streamlined processes. DAO's can in time replace conventional corporations to be more community centered shared profit machines which can unleash our true potential as everyone will have a real stake in their future. Blockchain Voting can make elections decentralized, fair, secure and transparent giving us back hope in Democracy; the blockchain could even eventually make individuals share in the profits of natural resources or the global information / energy system or decide where the government can and cannot use their tax funds introducing this fine concept called government accountability back into society. Privacy will be restored in the process too! Peer to peer transactions powered by Bitcoin Cash can help us bring the world out of poverty, make remittances easy and safe, as they include billions who are currently unbanked into the world economy allowing them to transact with anyone in the world for pennies. Fundraising can be crowd sourced via the blockchain allowing millions of new Entrepreneurs to bring new innovation to the world every year.
One project development team alone cannot handle all of this, but thousands of projects and tens of thousands of developers collaborating with each other can do all of this and more in the span of less than a decade.
Blockchain, Bitcoin Cash and SmartBCH will allow us to unify, collaborate and innovate on an unprecedented scale. I'd have to write a book just to cover the basics of all of the things we can accomplish if we start thinking today on all the ways we can merge DEFI, Blockchain technology and BCH's Peer to Peer transaction ability with the real world.
Who is with me and the Konra Kingdom to slowly see what we can do to merge the real world with blockchain technology and DEFI tools to free the world?
SmartBCH is Freedom
Despite everything I will still always believe that the key to real freedom is financial inclusion, the ability to "make it" being made accessible to everyone. While having BCH serve as decentralized global peer to peer currency is one part of the puzzle, the real freedom from the system will only come when we focus equally on the giving of opportunity to the billions who are now currently being disenfranchised by the global financial system.
If someone from a developing country cannot plug into a financial system and participate freely then he or she cannot ever become free. They will continue to be harmed by the system and remain stuck in it. Peer to peer cash that's immutable, not censorable and out of the hands of any government or the banks are the beginning - so people can buy, sell and hold without anyone controlling their finances.
But, we need more. If people cannot increase their income to reasonable levels so they and their families can survive then they cannot ever thrive.
If a billion people can't thrive because they're struggling to provide enough food for their families then we can't ever reach our true potential as Humanity. Children need to have food to learn, adults need to have food to innovate. We all need to feel assured in our basic needs to be able to function.
What we need more than anything with a peer to peer money system is DEFI for the masses. Affordable DEFI that we can all use to build our wealth over time independent of the governing authorities, wealth that can provide for our families and help us build more.
THAT is the great equalizer and this equalizer is ...
SmartBCH
Yes, I know we've had some issues due to CoinFlex and the constant FUD. But the side chain is still the best hope for Humanity to progress out of our corrupted current system. If someone can take a few dollars and use them to slowly built their wealth up over time it's more powerful than anything else we can give them. (That's ironically why the Key to the Konra Kingdom has always been our airdrops, farms and auto - staking where anyone can take a little and turn it into a little more over time.) I see this same theme playing out all over SmartBCH, with GameFi, NFT's, Token launches, staking pools and Farming options.
Where else could you have purchased a few Law punks a few months ago and farmed hundreds (if not thousands) of Law Tokens with it over time; while the floor price for the Punk itself more than doubled if not tripled in the same time? In less then a year, during one of the worst market times around; Law is thriving and so are the value of my Punks. I did this with a few Law Punks, so obviously it's really given me great Returns and my small squad "army of Law Punks" is worth more BCH then I ever imagined I'd hold in my life. I spent perhaps 1 BCH on them, maybe 1 and a half... and look where it got me.
Now what about the famed Moon Moon Moon Moon token? It is a meme token on SmartBCH. In two days I jumped on it, bought a bunch of them between 2 - 4 $ and resold them when they went between 40 - 50 $. A quick BCH or two cause I thought quick on my feet.
SmartBCH is full of these kinds of opportunities. I missed a lot of them. Got a few of them and made off well with them. Also got rugged a few times too.
But all in all - SmartBCH is a viable way to take what little scraps we have left over from the hard work we pour into system and change those into BCH to then use those scraps to build our family's future.
I can't even count the amount of people that went from having fragments of BCH to a whole BCH or more from SmartBCH before the whole CoinFlex situation happened. And now that we're moving past it with additional bridges and work arounds, those who stuck around during the bad market month will thrive again to see increases in their portfolios again.
For me all of this equals to my freedom in the future, the freedom to eventually cut down my work hours at my day job so I can spend full time to build a project unlike any the world has seen yet - so I can use my knowledge and wisdom I've learned to empower others so they too can be freed from the system.
That's why SmartBCH is Freedom and that's why I know that there isn't a single amount of anything that could stop SmartBCH from growing. We've got the first real hope for all of humanity, and though time and additional effort more people will find it and more projects will get developed on it.
Best of all there is nothing anyone can do to stop SmartBCH; no Government can Censor or control it in any way, especially once we decentralize everything on it with decentralized bridges and decentralized governance.
It'll free me and it can free you.
Then we can BCH everywhere and free the world.
Konra is governed by Time
Konra is unique as it's scarce, in high demand, existing since before SmartBCH came around and is ultimately controlled a lot by the most finite resource in the world:
Time
We all have a limited amount of time, and everything in life is governed and ruled by time. As such, it's one of the few ways to make a token like Konra fundamentally stronger.
That Konra is ruled by time isn't something that's often talked about but it's the one thing setting it aside from all other currencies and tokens on the market. One way it's governed by time is by the strict minting schedule, which must be adhered to at all times.
Let's talk about that minting schedule for a moment. Normally inflationary currencies and tokens aren't as popular as those who have a closed minting baton and a total supply that's fixed.
While this would have been one way that I could have developed Konra which probably would have done great on the short term I decided against it as with Konra the long term is much more important than the short term.
Ultra low supply tokens with a closed minting baton may raise in value significantly over the short term, but they can often fail on the long term as they can never achieve a significant market cap. (a token with a fixed 1000 supply would have to reach a value of 10000 to get a 10 Million dollar market cap and a value of 100000 to reach a 100 Million dollar valuation.) By looking at what it took for Bitcoin and Ethereum to get to those kind of values shows that this isn't something easy to accomplish for any project. As such, having it be fixed supply at a very low supply may work for a single use token, where as the market cap doesn't matter but wouldn't likely work for any project that's looking to significantly ramp up their community and use cases over time.
Konra has larger shoes to fill in the future than right now and a slow - deliberate and highly controlled increase of supply that corresponds to both time and our community growth was the best option for it on the long term.
For Konra to grow into what it must become, there must be issuance, but this issuance has to be * extremely * slow. Even when it does increase the minted tokens must be used to slowly increase it's reach and built towards it's future.
This means, after minting often it's necessary to create or boost trading pairs that are Konra - centric, creating or getting ranches which reward those who provide Konra pair liquidity; creating avenues how community members can earn / or receive Konra and so forth.
Decentralization and fairness in distribution is the key there. Ideally there should always be a way to trade any token into Konra and trade Konra into any token with ease on most of the major and medium DEX's.
In this way of doing it - minting no more than once every 14 days (and often waiting longer than that to do so) keeps the supply very lean over the long term. The total supply is still well under 2000 Konra, almost 10 months after it was first created.
It is time that's the factor that will determine long term success as Konra has a lot of room to grow, just it'll do it slowly.
The most important take away there is that Konra may be 1$ or it may be 5$ in instances it may even raise above 10 - 15$, but fundamentally it can move seamlessly as the market decides that the project is maturing and growing an in acceptable way. There's not that much standing between single digit value Konra and three or four digit value Konra as the supply is very scarce no matter how you look at it. With the Kingdom being a small project as we are still right now, this isn't much of a deal, but with each step taken to grow the Kingdom and add more use cases to Konra it'll increase it's value and demand -- all while the supply is barely increased as it's strictly controlled by time.
Think about this for a moment. The use cases and demand will go up as we grow, but the supply barely moves meaning the only thing that can move is it's value. If 10 people want some Konra it's not that noticeable, yet what about the day when 1000 people want it or even need it for something?
For instance, lets say the Konra Kingdom becomes a million dollar project in the next year. That's 12 months. Unlike DEX tokens and other mintable currencies, the total amount of Konra would still be insanely crazy low, much lower than 99.5% of other tokens and coins on the market. This means everything you and I and our whole community does to grow the project - no matter how small - will directly increase the demand on Konra and therefore it's value.
And the best news is, due to the recent bear market and coinflex situation Konra is available for only 1.50$ or 0.0138 BCH right now.
Contract Address: 0x4F1480ba79F7477230ec3b2eCc868E8221925072
MarketCap Listing: https://www.marketcap.cash/token/KONRA
Farming and Ranching Options: BenSwap Ranches & TangoSwap 2X Farm
Deep DEFI Dive with Narath
Narath Fundamentals:
Narath is a SmartBCH token which was created by TheEmpress on 12/16/2021, at 12:29:30 PM as the second token of the Konra Kingdom.
The name Narath means Wisdom - Authority - Record; the name symbolizes that you gain authority with being known of having wisdom.
This shows it's main use case of improving the world's knowledge about SmartBCH.
**Contract Address:**
0x0cb20466c0dd6454acf50ec26f3042ccc6362fa0
**MarketCap Cash Link**:
https://www.marketcap.cash/token/NARATH
**TuxPaper SmartBCH Address Scanner Link:**
https://smartbch.tuxpaper.nu/TokenTransferScanner/?c=0x0cb20466c0dd6454acf50ec26f3042ccc6362fa0
Like all Kingdom tokens it's main wallet will have a .bch domain linked to it and will have a future mini website to give all relevant information about it to community members.
Narath Token Supply:
Total Supply is currently 299,621,550,000 (299.6 Billion)
It is deflationary; meaning the supply is gradually decreased through token burns.
Narath TimeLocks:
Five time locks encompass 2/3rds of the supply. That means 200 Billion Narath are locked up at BenSwap. They will be released over 5 years.
**60 Billion to be unlocked on Dec 16th, 2022**: https://benswap.cash/benlock?lock=0x382a93DE3951a85e57b56bFD434D3A10716cef6D
**50 Billion to be released on Dec 16th, 2023** : https://benswap.cash/benlock?lock=0xB8Df8F65661C2b3B22BfACd9595775C227AaE59E
**40 Billion getting unlocked on Dec 16th, 2024**:https://benswap.cash/benlock?lock=0xD1ee7b66512A31754B8b9947A8F0aD2A452A7e01
**30 Billion becoming available on Dec 16th, 2025**: https://benswap.cash/benlock?lock=0x79C4A8D4Ed509A40d69D8b869F085192E31EaA6a
**20 Billion only being accessible on Dec 16th, 2026**: https://benswap.cash/benlock?lock=0x12b152371742C4D1a957510e7dae8eA4E4F68c40
All Narath released from these time locks will get transferred to the main Narath wallet. The timelocks were set up before the Konra & Narath wallets were seperated.
Narath has one of the most long term, carefully planned out and comprehensive token release schedules of any SmartBCH token. This staggering release of locked tokens helps show the Project's dedication to long term development.
**Tokenomics:**
The Empress's DEV allocation of Narath is at most going to be 5 %, which will either be gradually released and / or locked in a multi year time lock; while the rest of the future team will get no more than an additional 6% split between them.
The rest of the Narath supply will get distributed in a decentralized manner to the community. For instance the large amount of Narath available each year will all be placed into liquidity, given out in airdrops, given as bounties for completing tasks and rewarded in farms and staking or placed into CatsLuck Betting pool to be won by community members.
At least 80% - 85% of all Narath will end up decentralized or in Liquidity and the rest will either used for vital development work (for instance Newbie Guides or transition) or is locked up or will get locked up.
Furthermore as the project matures Narath will get bought back by the project and earned via providing resources and services. These Narath will end up re-issued as bounties, farm rewards and to continue the Million Wallet Campaign.
Narath does have token burning, but it's still a very slow burn due to needing to boost liquidity and distribute more Narath to the community first.
Narath Market Performance:
MarketCap Cash Listing of Narath: https://www.marketcap.cash/token/NARATH
In the last several months Narath has increased in Market Value as pegged to BCH. The upward movement in May has been nothing short of amazing given the current market situation in the overall Crypto Ecosystem.
*Chart of Narath on Market Cap Cash*
Use Cases of Narath:
- **Farming**:
Multiple pairs are pegged to Narath and Narath can be harvested too. This is slowly making Narath as desirable as any good DEX token. See more detail in the farming section.
- **CatsLuck Gaming**:
You can bet with your Narath at: https://catsluck.com/pool/token/?c=NARATH
35 Billion Narath are sitting in the prize pool waiting to be won.
- **Adoption of SmartBCH**:
The multi-stage Million Wallet AirDrop boosts adoption of SmartBCH
Millions of Narath are dropped to participants of these drops.
Several airdrops will be held each year.
***Million Wallet AirDrop***
Goal: To distribute a million Narath to tens of thousands of Wallets, thus slowly increasing use and growth of SmartBCH.
Million AirDrop Wallet: 0x1d20f7840ae5F4c3Fa6cf18EB50B067D97C12E68
Around 440 Community members received 1000003 Narath in the first Million Wallet Airdrop in the Spring of 2022. They were chosen from over 1600 people who replied to the airdrop thread on Twitter one of the most prolific AirDrop Threads in SmartBCH history.
Wallet Detail from Token Scanner showing the scope of this airdrop!
https://smartbch.tuxpaper.nu/TokenTransferScanner/?c=0x1d20f7840ae5F4c3Fa6cf18EB50B067D97C12E68
Another airdrop was held on May 30th for all holders of Mist Token; this time 5 Million Narath was given to everyone.
These were just the first two of many airdrops from Narath.
The amount of Narath given in these drops is small because it's a long term strategy to encourage collaboration while simultaneously fully decentralizing the Narath supply. As Narath becomes more scarce and more valuable these million Narath will gain in value. We show that we value Narath so much that often we're spending more in Transaction fees than the few Million Narath are worth when they're being sent.
It's supposed to encourage the community to work together to raise Narath to the moon together, so that everyone's airdrop increases in value.
Just think of it, if Narath ever becomes worth a dollar, then everyone who holds these airdrop is an actual Millionaire!
How is that for a moon shot?
**Newbie Resources:**
Narath will be the major token to support creation of Newbie resources for SmartBCH and to encourage community members who are skilled to help guide newbies in various cool things to orientate themselves through the SmartBCH ecosystem.
**Other Use Cases:**
There are other planned use cases for Narath once we develop the project further . NFT's, Business Development, Transition and so much more.
Trading & Liquidity:
It's very easy to trade Narath, but as a developing project liquidity is still being grown organically by our small but growing community.
**Trading**:
You can trade Narath at MistSwap, BenSwap, TangoSwap (etc)
Analytics and Trading Links given below.
*BCH - Narath (MistSwap) :* https://analytics.mistswap.fi/pairs/0x96a47656e7c7758a69b6db74dafecd386484b9e6
*BCH - Narath (BenSwap) :*
https://info.benswap.cash/pair/0xcdb6d85e7fbf9468c755b5de629c11426a49cddb
*BCH - Narath (TangoSwap)*
https://tangoswap.cash/smart-swap?inputCurrency=&outputCurrency=0x0cB20466c0Dd6454ACF50eC26F3042CCC6362fa0
**Liquidity**:
Five to Six BCH worth of Liquidity is available. This isn't too much, nor too little for the size of our community as we hope to grow liquidity over time.
BCH Liquidity is around 1900 Dollars, depending on Market Conditions.
Periodically Liquidity which has been put into primary trading pairs gets locked.
*Narath Liquidity at a glance Tuxpaper SmartBCH Address Scanner, May 27th, 2022*
**Farming Narath:**
There are multiple places to Farm your Narath; making Narath a DEFI power token which can be used to harvest and increase your holdings of multiple other tokens.
Even this early in the project this includes but is not limited to Konra, Rastjn, Eben, Tango and more Narath. There has been many historical farms and sprinklers that rewarded holders of Narath and we hope to greatly increase the amount of Farms and staking for Narath over time as the project matures.
***BenSwap Ranch: Konra - BCH > Harvesting Narath***
https://benswap.cash/ranches?ranch=0x78cC769D8961CD09D891cAAD67ae25BCfC23Ffc6
511% APR
2400 Narath per Block
Long Term Ranch: Will be refilled at least until the end of 2022
***BenSwap Ranch: Narath - BCH > Harvesting Narath***
https://benswap.cash/ranches?ranch=0xD68ab9db2993da17146B06bd0fC4428aBBE6196A
448 % APR
2400 Narath per Block
Long Term Ranch: Will be refilled at least for the rest of 2022
**BenSwap Ranch: Narath - Konra > Harvesting Konra**
https://benswap.cash/ranches?ranch=0x01711E7483fE4bA8780Daed5DB21d97Ed826bb85
381% APR
0.000021 KONRA per Block
Long Term Ranch: Will be refilled at least for the rest of 2022
*Kingdom Ranches as of May 27th, 2022 (on BenSwap)*
***BenSwap Ranch: Narath - Rastjn > Harvesting EBEN***
https://benswap.cash/ranches?ranch=0xf4035Aec7f5d7665E4C8A00d6c25c97aB1C76C31
688% APR
0.00034 EBEN per block
One More Refill, unless Community helps fill it.
Another Ranch will be introduced for the same pair.
***BenSwap Ranch: Narath - Konra > Harvesting Rastjn***
https://benswap.cash/ranches?ranch=0x7696e57846087C05f2f5E4C5233c70a4AB4E79bb
166% APR
0.005 Rastjn per block
Long Term Farm
***BenSwap Ranch: Narath - Cats > Harvesting Rastjn***
https://benswap.cash/ranches?ranch=0xFC755625fDccbcD464d722A25FaC491bF90583dc
1051% APR
0.005 Rastjn per Block
Long term Farm; it will be refilled multiple times in 2022.
This farm has had it's ownership renounced to test out decentralization
***BenSwap Ranch:***
***Narath - EBEN***
***Harvesting Rastjn***
https://benswap.cash/ranches?ranch=0x2275C301b8708F003Ad05618ff25f9373Feb46E5
942 % APR
0.005 Rastjn per Block
Long Term Farm; will get refilled multiple times in 2022.
**TangoSwap 2X Farms**:
Narath - BCH > harvesting Narath & Tango
Go to https://tangoswap.cash/farm?filter=2x
Then scroll down until you see the Narath Farm.
229% APR one of the highest on TangoSwap.
**This is just the beginning of Farming & Ranching for Narath:**
This is just the beginning of our farming and ranching we will make available to our community members.
Multiple Billions of Narath are allocated for farming and ranching. Multiple trading pairs are paired with Narath to increase demand for the token over time.
The slow growing of Ranches and farms make sure that community members can get empowered by Narath for years to come and that the market doesn't get too much sell pressure at any one time.
Auto Staking:
Narath is also Auto - Stakable.
Simply hold more than 100 Million Narath in your wallet to qualify for multiple manual distributions; of Rastjn, occasionally Konra, occasionally more Narath and even other tokens in the future.
I have to wrap this article up now that I've included many different cool things about Narath in it for everyone. It's my hope that now you can see just how special Narath is among Crypto tokens. While sligh
Why I'm bullish on CatsLuck
Why I'm bullish for CLK token:
I'm normally not a big gambler nor keen to spend much on Lotteries and Casinos -- however, CatsLuck project has shown me how much fun it can be to get in a lottery mood.
I've played.
I've lost.
And I've won.
While at first I didn't really see the whole picture as I interacted with the site, researched the project and looked at it from a tokenomics stand point I became more and more bullish on CatsLuck.
Here's the many reasons why:
- Integrated with some strong project communities - such as Cats. CatsLuck is very collaborative; which allows already strong token projects to build pools to boost the overall SmartBCH community.
- Strong use case as many people love lotteries and playing games. Lotteries and gambling are multi million if not multi billion dollar industries. Decentralized lotteries are even more attractive; especially if these are done via algorithm which make them extra fair and transparent. Even those people that don't like to gamble will often try out their luck every now and then to see how they'd fare. After all, everyone loves to win a little!
- CatsLuck Project is supported by multiple large token holders, this keeps the prize pools large. Having the large investors on board helps boost the games, making them even more attractive. These pools have become big enough to get people's attention and keep the games going for a long time. This directly translates to an inherent boost to CatsLuck token's value as there are hundreds of thousands if not a million dollars of value locked into the prize pools.
- Several good token projects are represented in the Prize pools - Cats, Law, Eben, FlexUSD, BCH, Mist. These are tokens people want to win! In addition the prize pool tokens are effectively staked for the long term and out of circulation, thus really benefitting those projects and everyone who holds those tokens as well.
- The games presented are fun to play, the betting is flexible to a players choice of odds. Winning occurs often enough to make it both fun and fair!
- Betting uses Cats and other tokens; thus giving Cats and those other tokens an additional strong use case. There's a lot of Cats and other tokens locked up in the prize pools and a huge trading volume occurs daily involving the relevant tokens because of the CatsLuck Project. Just like with Cats, this translates to consistent activity for CLK tokens; which ultimately benefits the whole SmartBCH ecosystem.
- Almost everyone has a few of these tokens (Cats, Eben, Law, etc) so this makes it even cooler as you can try out your luck with just a few tokens!
- Bet on Events - Though this is a new development this has the potential to seriously redefine betting and gaming. I say give it a few months and this will make a big impact.
- Upgrades to the platform - constantly. They're consistently developing for better things. Soon we will have permissionless creation of new pools; betting on the Cats Pool will be minting a new token and various other great changes are coming soon!
- Playing the games burns CatsLuck tokens; this is bigger than it first appears. CLK is so far the only token project that did something similar to what I'm doing with Konra: Having a determined minting period before going fully deflationary. This from a tokenomics standpoint is something rarely done but one action that's highly bullish. Since the burnings occur from betting fees of people playing the games this is a steady occurrence. So while there may be over 8 Billion CatsLuck tokens in existence now; over time these will decrease as more and more of them get burned.
- CatsLuck Token is farmable on both BenSwap and MistSwap. This means while you're holding your CLK you can earn EBEN and MIST.
CatsLuck project has only been in existence for a few months so far but it's already becoming a strong project in SmartBCH.
Contract Address: 0x659F04F36e90143fCaC202D4BC36C699C078fC98
MarketCap: https://www.marketcap.cash/token/CLK
CatsLuck Website: https://catsluck.com/
You can buy CLK on BenSwap and MistSwap. There are farms on BenSwap and MistSwap for CatsLuck token too!
*Not financial advice, please DYOR.
Interactive Reality Experience
This is such a new concept which is part of the Konra project that may create a whole new industry if successful. Because of this it's quite hard to write about; nonetheless I will attempt to share some basics of it with this article.
We all know the talk surrounding Virtual reality and the Metaverse. It's an exiting concept but Interactive Reality actually will already transcend that in many ways; even in the beginning stages. In Interactive Reality it's not a traditional game or experience where you're limited to what is programmed. You won't need special equipment either. Rather the real world is directly adapted to be used for this by anyone who wishes to step into this adventure.
Here skilled story tellers and game masters will merge the real world with interactive story elements and modular activities thus allowing a participant to "experience" it all in a completely open world setting. While the basics are set up before hand; everything else will be crowd sourced as the experience progresses; as a result of the actions of the community members.
It's kind of like living in a complicated and exiting movie, becoming the elite star and doing cool stuff all rolled up into one package.
As part of the Konra project a lot of things have already been done in the background by myself. I've been setting the foundation and ground work for this up already because I've been planning this for several years as well. So there's already a language, a planned set of Crypto Currencies that will interact with each other to create a new form of Economy (both in the real world and in the Interactive Reality), some characters, a number of cultural and social elements to explore, Interactive Reality goals and proposed system of ranking up etc. These will all be connected by a "story line" for the experience and a diverse amount of other elements which will be blended together.
The availability of activities and richness of the story world will improve over time as Konra becomes more successful. While at the beginning there may only be a few activities and challenges available, in due time it will be expanded upon due to the modular approach of building this up and the increase of community members who will participate in this. I've run tests in some of the elements and know they will be highly popular once all combined and put into action properly.
In addition it's important to note that the Interactive reality isn't just something people can do for fun or for exploring various cool things -- overall it will serve to make the world a better place by solving a number of problems as well as allow us to collectively explore various concepts such as decentralization, tech advancement and other futuristic concepts which may help modernize humanity and propel us into the next stage of advancement.
Of course as the Interactive Reality uses Konra and other project tokens as well as has some goals centered around decentralization and modernization concepts it will automatically help boost Crypto adoption. This will serve to benefit both Bitcoin Cash as well as SmartBCH.
Further write ups will come in the future as I share more of this concept and explain different aspects of it; it is my hope that this short article helps at least convey some of the basics better.
Why get into SmartBCH now
Why it's important to get into SmartBCH right now:
Right now is the best time to get into SmartBCH as it's still early and there are a lot of exiting developments in the ecosystem that will be quite amazing to watch and be involved with early.
However, there are many reasons of why it's the best time right now.
SmartBCH tokens are greatly undervalued still:
Practically 95% of SmartBCH tokens are greatly undervalued. It's so much a thing right now that as long as you diversify even if you make some mistakes you'd still come out above the crowd once they arrive. With a majority of SmartBCH tokens being undervalued your main risk is just rugpulls and scams.
As long as the token is legit your likelihood of winning with it is pretty high. In SmartBCH you also have the unique opportunity of grabbing tokens on the first day. Then give them time to develop over time; which naturally leads to the tokens appreciating in value. This first listing and pre-sale advantage is the unspoken freedom of getting ahead in Crypto.
**It's a great time to learn the basics before the crowd gets there:**
Your success in any Crypto endeavor hinges on knowledge and understanding of both the ecosystem and the project itself. Since SmartBCH is new it's the best time of learning everything there is to know about it. Also since you're early and innovation happens incrementally you'll get to learn easier as you'll be seeing it all in action rather than just reading about it.
Picking the right projects can make you quite rich!
While the overall SmartBCH market will usually trend upwards over time, being early means you have the potential to happen upon a Unicorn. Not only that, but as stated before; you'll get the unicorn projects in the first week.
This means for the first time in your crypto journey you may actually strike virtual gold. Some of those involved with SmartBCH in 2021 will end up getting rich by finding the perfect recipe for success: being early enough and picking the right projects.
*The Odds are ever in your favor!*
You'll get to feel what it's like to be "early" in crypto:
You know how everyone says they wished they had been into Bitcoin in 2010 in Ethereum in 2015? Well now with SmartBCH everyone can feel a part of this "early epic history making" period.
This is actually quite exiting and an awesome time to be involved.
Doing so helps Bitcoin Cash out and help your BCH appreciate in value:
By being early in SmartBCH you help Bitcoin Cash out tremendously. Not only do the transactions boost the network but your direct involvement in SmartBCH locks up value and generates interest in Bitcoin Cash!
This in turn over time will help your BCH grow in value too!
*It's super cool to help BCH take over the world!*
You are your own bank, it gives you ultimate freedom over your life:
With Smart Contracts merged with a real decentralized peer to peer currency like Satoshi envisioned you are literally your own bank. This gives you not only tons of opportunities for thriving financially but it also gives you ultimate freedom over your life.
Additional revenue potentials: Write about SmartBCH, help others, etc.
Since you're early it's easier to get additional revenue with your SmartBCH endeavors. You can write about it, mentor others in it or create resources for the community.
Do DeFI for cheaper than on any other Network:
While the fees on SmartBCH are a little higher than on the main Bitcoin Cash blockchain, they are still much cheaper than on other blockchains. Ten cents for SmartBCH or 400 dollars of Ethereum; it's clear which you'd prefer. Because the fees are so low you can do more with less. Compounding is easier, moving farms to a new DEX and even swaps are so simple and cheap to do that we're all having thousands of transactions under our trading history.
Affordable DEFI means opportunity, more opportunity than we've seen before as you can diversify more and move money more freely around.
Rewards, Superhigh APY's, Airdrops, super cheap presales, free NFTs:
Even if you can't invest a lot being early helps a lot when the ecosystem is just established. From airdrops to reward programs all the way to free NFTs; a brand new ecosystem provides a lot of cool free stuff. In addition there are superhigh APYs and supercheap presales that occur every week.
Just think about it, you could have gotten a rare NFT from an auto mint for really cheap that then sells for 30 BCH a year later. Or win the EBEN jackpot on BenSwap. There are so many potentials for happening upon a windfall.
Do Super COOL things:
I didn't even know it was possible to stake an NFT for mining while boosting them in a game-style rank up like a video game character; yet by being in SmartBCH I got to do this in the first few days.
SmartBCH is full of such extremely creative technical marvels like the above mentioned example. You get to farm, mint, stake, auction and trade your way into some of the coolest stuff around.
See the true power of Bitcoin Cash:
There is nothing that will make you more bullish about BCH is to see the true power of it. So being early in SmartBCH you'll see first hand why it's powerful to merge a global peer to peer currency with the ability for instant cheap DEFI at the same time.
Considerations:
- Do your research. It's ever important to research and not follow hype as rug pulls do exist. If in doubt, wait till the project is at least a month old before investing more than a few dollars in it.
- Use various tools to help you out: Learn the fundamentals, use block explorers, see which tokens are listed on Market Cap cash & on Various DEX's.
- Don't think you have to invest EVERYTHING right now. You're early. Slow and easy does it!
- Diversify. Don't just put all your money into one or two tokens. Pick at least 6 - 7 of them, thus increasing your odds that at least 1 - 2 of them will moon!
- BPad is your friend: BPAD does safe launches. It's safer than usual to invest in projects that are launched through BPAD.
Empress's top Picks: (Not Investment Advice)
Will again ignore KONRA and focus on the many benefits and cool aspects of other projects....
* **LAW:**
Strong project fundamentals
LawPunks NFT's which are very popular, some selling for a hefty price
Liquidity rewards via REBASE
LawPunk NFT Mining; with ability to up rank your LawPunks.
21 Million total token supply
Good Volume
Undervalued market cap compared to mainstream tokens with similar metrics
Multiple Farms
* **BPAD:**
An extremely needed use case to make it safer to invest in new projects.
AirDrops of listed projects for BPAD holders.
50 Million total tokens
High trade volume.
Still VERY cheap to acquire.
Multiple Farms.
* **CATS:**
Listed on a traditional exchange.
Limited supply.
Fair distribution and quite decentralized.
Very high trade volume.
Multiple farms
NFT's
NFT MarketPlace.
* **CELERY:**
Highly unusual use case that will make a difference if pursued successfully.
Better than traditional money instruments: Annuities, Savings Bonds, Retirements.
While inflationary has very strong "HODLER" incentives.
Multiple farms.
Extremely high trade volume.
Long Term Great APY; 100%
Price of entry is very low still.
Great historical market performance; trends upwards.
This can be an industry killer with a multi billion dollar intrinsic value as long as team remains strong and honest.
***KITTENS:**
Price of entry is very low still
Multiple Farms
Unique Kitten Liquidity reward program
***JOY:**
Limited Supply at about 4 Million total
Play to earn Arcade style Game Token
High trade volume
Multiple farms
There are many more projects that are cutting edge and good to look at. They are all listed on MarketCap.Cash; along with the ones I listed above. Do your own research into the ones that interest you.
So there you have it, the perfect reasons of why to get involved with SmartBCH right now. It's early, it's cool and it can improve your life. None of this is meant as investment advice, it's only an educational overview of the SmartBCH ecosystem.
SmartBCH is Smart Money
The more I get involved in SmartBCH the more I can see that it is indeed the future. Since SmartBCH is based off Bitcoin Cash it automatically has fast transactions and cheap fees - yet it gets even better because it has smart contract capabilities. The most simplest way I can explain how revolutionary SmartBCH is to say this:
Imagine:
***You merge Bitcoin with Ethereum, yet placed it on a Bitcoin Cash blockchain.***
Now you don't have to imagine it anymore as it's already here!
**SmartBCH**
Here are some of the immediate benefits:
**Low fees**: The fees are just a few pennies for both basic functions and smart contract interactions. At most you'll pay 10 cents to do something on Smart Bitcoin Cash -- which is thousands of times better than you doing it with Ethereum. Yes, you can farm, swap, buy NFT's and so much more for just a few pennies.
**Fast transactions**: These are ultra fast, they're nearly instantaneous since a new block is mined every 6 seconds. SmartBCH is not going to get clogged up, even if a million people want a LawPunk right now!
**More transactions**: You have room for a lot of transactions since the fees are cheap and the transactions are settled so quickly. This makes SmartBCH extremely scalable.
**Smart Contracts**: On SmartBCH it's not only possible to do smart contracts but the whole ecosystem is being built to cater to smart contracts. This opens up a lot of possibilities, letting us do some of the things you can do on other blockchains but much faster, for much cheaper and with more possibility of scaling up.
**More Decentralized**: Bitcoin Cash is one of the most decentralized blockchains yet and SmartBCH follows this pattern. There are multiple developers active in the new ecosystem. We don't have Centralized exchanges on SmartBCH, just decentralized ones.
**Burns and Locks up BCH**: It supports Bitcoin Cash completely as every transaction uses BCH. In addition since there is a lot of DEFI projects being built on SmartBCH using it locks up as well as burns BCH regularly. This makes our hard earned BCH much more valuable.
**New yet strongly emerging ecosystem**: SmartBCH is very new, but it's already very strong for only being a few months old. Not many people know about it yet either which means the possibility for exponential future growth is there. We have 4 bridges, 3 DEX's (with a 4th one coming soon), two places for NFT's, several dozen strong token projects, several NFT series and a few other cool things going on there. Every week more cool stuff is created on SmartBCH and there's already a lot of opportunity for investors and crypto fans alike.
**DEFI and NFT's are affordable**: Due to the low fees for the first time ever it's affordable for regular everyday people to get into DEFI and NFT's. This will equate to growth for the future as Ethereum gas fees continue to be very high for doing the same thing. Several other Projects will eventually migrate to SmartBCH.
**Easy to use**: Compared to Ethereum SmartBCH is quite easy to use and everything is pretty intuitive and well set up. With a few tweaks it's possible to use MetaMask, and many of the tools and DEX's are simple too as long as you understand the basics of Crypto. You don't have to estimate gas fees and they don't fluctuate constantly like on Ethereum.
**Lots of innovation**: SmartBCH has the most innovation I have ever seen in an ecosystem for being so small and new still. Problems get solved quickly, solutions get implemented and new tools are created constantly. Since SmartBCH is decentralized there are a lot of development teams helping with creating things on SmartBCH.
There are many more benefits, but these are just the immediate ones that come to mind when you look at everything on SmartBCH.
**SmartBCH is Smarter Money!**
***You keep the peer to peer decentralized currency aspect of Bitcoin Cash, yet merge it with Smart Contract ability of Ethereum.***
Let this last sentence sink in for a moment. THAT is the definition of smart money. That is the future. It's what we need to create the Metaverse and move to world wide adoption. Once people realize exactly what this means, how this can improve their lives and how it can propel all crypto projects to new heights there will be a literal wave of new people coming into SmartBCH.
Some of the cool projects on SmartBCH:
*None of this is investment advice, always do your research.*
**KONRA**: A merit system. It's short term goals are to improve lives while furthering crypto adoption. The long term goals are a collection of incrementally larger projects that will return power back to the people, empower humanity and bring us into the future.
We all know KONRA lives on SmartBCH and is doing very well. However since part of the initial goals of the Konra Project is to highlight and empower other projects, here I'd like to point to some other innovative projects that are active on SmartBCH.
I won't go much into detail here nor cover all great projects as I will do more of that in future articles.
**LAW**: DEFI & LAWPUNKS NFT:
It is the beginning of a blockchain powered economic restructuring including DEFI staking and NFT's. There is so much going into this project that it needs a whole new article, but for now the coolest thing is that you can stake your Lawpunk NFT's to Mine Law. There is also a liquidity provider reward.
**BPAD**: Better Project Launches:
BPAD is all about safe launches. After a series of rug pulls BPAD fulfills the great need to vouch for and provide the tools and mechanisms for projects to launch in a safer manner. Token locking and a series of other requirements projects must go through in order to launch assure that those who do token sales on BPAD are properly vetted.
**MIST**: DEX, DEFI and soon MIST LENDING
Mist is a prominent DEX token swap on SmartBCH. Again, a huge project with large implications. Not only are there farms on MIST and the listing requirements for projects are relatively easy; they will also in the near future go into Lending and expand their decentralized governance via XMist. Mist used to live on SimpleLedger and has greatly expanded their project since they moved to SmartBCH.
**EBEN**: DEX, DEFI, LOTTERY, TOKEN IBO
EBEN is the first DEX we had on SmartBCH. It is also a huge project consisting of a Decentralized Swap exchange, offers DEFI farming for popular tokens. There is a way to do TOKEN Initial Pre Sales and of course the famous EBEN lottery. The Lottery is pricy, but the prizes are sweet and a draw is held about every 3 days.
**MUESLI**: DEX, TOKEN LOCKER, TOKEN LAUNCH
Muesli is the third DEX to come to SmartBCH. It has the usual offerings of Swapping tokens and DEFI farming but it also is building some great tools for token creation and launching. This includes a token locker for Liquidity tokens that's in Beta.
**CELERY**: ANNUITY on SmartBCH
Celery is one of those innovative, creative projects that can only exist on a smart chain. It is basically a blockchain powered annuity. You lock up your Celery for a year or more to earn high interest on it (100% APY) and then can choose to get it paid out over the period of a year when it's fully vested. In addition, Celery has farms on some of the DEX's so you can still get DEFI benefits on any Celery you don't have staked long term. This project can really make a long term difference; as it could revolutionize Retirements, take the place of savings' bonds and other Annuities.
**CATS**: Mascot of Bitcoin Cash, NFTs and Oasis NFT market place
CATS started out as a meme token and is the unofficial Mascot of Bitcoin Cash, but quickly grew to become a project focused on NFT's. The cats developer created an NFT series of the CashCats and has established a great NFT marketplace called Oasis.
**KITTENS**: Cute meme token with a great Liquidity program
Kittens is a cute addition to SmartBCH; one of three meme tokens that live on SmartBCH. Unlike many other Meme tokens though it has one of the best Liquidity provider rewards programs around. And everyone loves Kittens as they're really cute!
**AXIEBCH:** A GAMING GUILD on SmartBCH
AxieBCH is a gaming guild token on SmartBCH. As a guild they mentor players of the Axie Infinity game and team up to succeed in the game. This use case is highly innovative and can show how tokenizing gaming guilds can lead to better gaming.
**JOYSTICK**: Play to earn retro gaming token
We all love retro gaming and when is gaming best? If you can earn with it. This is what Joy is all about and it's absolutely cool! Imagine a blockchain powered arcade where you can earn crypto for gaming. There's a lot more that goes into this amazing project but this is just a sample.
**ORB**: An Innovative game token
Orb is the native token of a blockchain powered game, Enter the Sphere. While I don't know much about it the project is strong and has great potential as the game looks absolutely amazing and the project is developing rapidly.
**SPICE & HONK & Others**: These tokens and others have migrated to SmartBCH
We all know SPICE and HONK from the SLP days. Well those tokens along with MIST, MAZE and HAM moved over to SmartBCH where they're all thriving. Micro payments will thrive on SmartBCH just as they do on Bitcoin Cash, with SPICE and HONK. HAM on the other hand is a token for the HAM radio community; again creative use case and super huge long term potential. Also on SmartBCH lives SHIBABCH, inspired by the many Shiba and Doge meme coins. Let's not forget about UAT, the token of the dev team that created WagonCash one of our bridges or KNUTH that is another development token.
There are so many cool projects on SmartBCH and not being included in this short list doesn't mean that I don't believe in them. A large majority of the tokens currently on SmartBCH will thrive as they're all great projects.
In future articles I'll talk more about SmartBCH as it's really astounding of some of the cool stuff going on there.
Behind the Scenes: The Unique Tokenomics of Konra
A unique look at behind the scenes of Konra development focusing on the unique tokenomics of Konra
When creating a token I both experimented and observed what a lot of other tokens were doing and wanted to completely go outside the mold to explore what's possible to work hand in hand for fulfilling the goals of Konra.
There were a few things I tried, all on the path of inventing the best tokenomics for Konra. While most things of Konra's development consists of trade secrets there's a few things I can talk about.
One of the most interesting topics is Konra's unique tokenomics.
I'm hoping that by this article you'll see just how much goes into the tokenomics of a new project and why how a project sets up their tokenomics is of utmost importance. And here I'm not just talking about initial supply, but also on how you distribute it and a few other things you have keep in mind.
Forget the pretty charts and pie graphs.
In fact, most of a projects early development should go to this beginning phase as ideally their tokenomics must be tailored to the specific project and it's goals. Too many projects don't spend enough focus nor time in this area in the first few months and if they don't take enough time with it you could fail or not thrive as well as you could.
I have a feeling Konra thrived beyond all expectations *only* because I spent a lot of time and effort not only on creating Konra's unique tokenomics but also navigating the hurdles associated with this particular situation.
Makes me wonder if not doing this right is a big reason behind project failure....
**First Step: Overcoming the problem with all new token projects:**
When Konra was first created I knew the community would be small. With a small community it's almost impossible to decentralize it sufficiently while simultaneously instilling into people's minds that Konra had inherent value. You usually get one or the other; but for Konra to work best I needed both from the very beginning.
I knew my immediate problem needing to be solved would be that the supply would be much higher than the demand. By minting millions of tokens at the Genesis it takes a long time to equalize demand and supply. For most projects this works absolutely wonderfully, but for Konra it wouldn't.
With an initial supply of millions the results on the market side would have resulted in a low token price and needing a long time for supporters to see positive results from Konra. That wouldn't work as well as an incentive for onboarding new people into Bitcoin Cash and it would stall development at key points preventing some of the more ambitious future endeavors. Had I minted millions of tokens it also meant my unique airdrop style wouldn't be possible; leaving Konra too centralized in the process. I had been through this as I tried the traditional tokenomics with the SLP version of Konra. Let's just say it really didn't work so well as it was impossible to decentralize when the Dev wallet had 99% of the supply.
So I thought why not go the other way; try something so different that potentially be the only thing that would work for Konra. It would raise eyebrows too, but what doesn't in crypto.
>> ***Mint Low at Genesis, very very low.***
That was a great beginning, but I knew this would only be the first step. With a very low supply token the demand versus supply problem gets solved rather quickly but another few problems take it's place almost immediately after launch.
It's quite difficult to scale up from a low supply token if you make any mistakes and almost impossible to do things like presales and ICO's. In addition boosting liquidity gets interesting too if you do anything wrong after minting a low supply.
Most people won't understand this aspect until they see it in action -- let's just say if you don't do everything completely right you'll fail as it's like threading a needle while jumping out of an airplane. That's not an exaggeration either and this article barely covers the tip of the iceberg of just how many things must align properly to make it work. I've seen several projects struggle with various aspects of this, as having a low supply builds a quick wall that the project has to overcome very quickly in order to thrive.
That's why for most token projects it's still the best idea to do traditional minting so they have time to get everything situated before demand meets supply and so that a simple seeming mistake doesn't throw the whole project into a loop.
This is also why I'm not particularly concerned with copy cat tokens trying to steal Konra's tokenomics. You need to literally do about a dozen things simultaneously at the very beginning in order to do this properly and need a good dose of luck to boot.
I almost messed this up myself as I didn't know this would happen when I first created Konra and I still have a few problems since I didn't do this perfectly.
For instance one of my tiny first mistakes was caused because I didn't have a functional bridge when I created Konra and thus had to have all BCH bridged manually by someone I knew in the community.
As such I didn't have a lot of BCH on the SmartChain when I first launched Konra. I knew I needed to invest in token projects, add initial liquidity and keep a significant amount for sending the first airdrops. All from the same meager bucket of BCH I had on SmartBCH. As such I only added a little liquidity. A week later when I finally had BCH available from earning it from the investments and finding the wagon cash bridge the price of Konra had already shot upwards. It now turned out to be quite expensive to add a lot of liquidity to Konra or to create new pools. Obviously I can't go back and fix it, I can only move forward and adapt. Rather than adding liquidity at will I have to be like any Community member and wait for opportune moments of dips in Konra to add liquidity. And this one thing was the repercussions of just making a tiny mistake.
Mistakes and missteps aside minting by this unique tokenomics was the best move I ever did for Konra. But in retrospect this may have only worked for Konra as my natural skill helped Konra overcome the hurdles and the stars aligned just right at the same time. I know now that the chances of actually replicating this in another project slim enough that even if I consult someone I won't recommend them taking this crazy path as it's inherently risky and can lead to project failure or stalling in the first few weeks if not done exactly right.
**2nd Step: Decentralizing Konra for a strong foundation:**
As Konra was just a few hours old I immediately began decentralizing Konra as that was the sole reason I took this crazy step in the first place. Again, most projects do this by an initial airdrop, pre-sale or both. It's basically a one time sending some of their tokens to the initial people who show interest in the project.
While I loved the airdrop idea I knew doing just one drop at the beginning wouldn't work with the long term plans for the project. Somehow I had to navigate through multiple airdrops over a period of time. I needed to both simulate mining without expensive computer equipment and allowing each minting to shard into multiple pieces to dozens if not hundreds of people. Yet at Genesis only 100 Konra tokens were minted and I knew that airdropping fragments of Konra wouldn't work that early. After all Konra had no value yet; in the first few days.
So I sent a whole Konra token to lots of people to simulate the effect of shard - mining and shoved some of the initial supply into liquidity even though Konra wasn't listed anywhere. All trades had to happen manually; so this of course would prove interesting too. Would people even trade a token they knew almost nothing about and where development would take time?
I literally prayed that this wouldn't bite me later.
First because I knew that I was giving a lot of tokens that would soon have quite a bit of value; and secondly because people would know relatively quickly that it was valuable from a market standpoint. If too many people of the initial supporters all sold at the wrong time it would crater the price and at a value of over 5 dollars per Konra almost from the second week of existence the temptation would always be there to sell. On the flip side if too many people bought a large amount of Konra at the beginning it would create too many whales. The barrier of entry to become a whale in the first week was just a few dollars and I knew the whole thing would happen quick enough that enough people would notice this to take action on it. I went through this expensive and work intensive manual process of sharding the Konra supply. I didn't want to fail due to whales making splashes at the wrong time or dozens of people selling their Konra at once. Konra remained relatively low in price in the first week and the suddenly shot up in value in the second week and all this happened while SmartBCH was still in infancy.
In retrospect it was utterly crazy to create a token without having access to a stable and reliable bridge to SmartBCH but then again I had entered the crypto world by trial of fire after the bull run of 2017 and I was more than used to doing crazy things at the worst times.
Second I feared my brilliant idea would back fire on me in the first month because development would take time and a lot of the places I relied on were untested and unproven. Had the initial DEX's failed I would have lost everything; even after EROS and BeachSwap rug pulled I had lost enough from my personal trading that I used to bankroll the project that it set Konra development back a notch.
In addition with so much focus on decentralization and navigating tokenomics I knew I'd have almost no time for anything else in the beginning. After all I'm still to this day working a day job and decentralization if done right takes a lot of time and effort. To show you what I mean, I'm still airdropping Konra even now and I'll have to continue airdropping Konra for quite some time.
That's because each minting simulates a mining reward and I have to manually send the shards (or pieces of Konra) to people in the community so Konra would be effectively owned by all of us.
Thirdly I was worried that I also wouldn't have much of a development budget at the beginning as a good bit of my own money is tied up into Konra and none of it could be sold or taken out of liquidity for a year (or even more). Building trust takes time and a serious amount of sacrifice; that and Konra is a very long term project. Good thing the transaction fees of Bitcoin Cash and SmartBCH are cheap enough I can bankroll most of it myself as long as I do things in small steps. Also it's good that I'm a pretty decent trader and can make profit through investing and holding tokens of other projects to tide me over letting me cut my work hours and give me a bit of money to put into Konra over time.
I knew the market would have to sustain Konra for all this time while I slowly planned out, tested and developed everything else. In addition I know I will eventually need to hire help or collaborate with others as I scale the project up incrementally. I'm brilliant in a lot of ways, but lack it in other things.
When I did the initial airdrop I was hoping for the best and what happened next took me completely by surprise. People began trading Konra. Even though SmartBCH was new and we weren't officially listed anywhere, all of these trades had to be done manually. Yet trading happened, and in large enough volume which resulted in the price quickly rising. Some sold, others bought and still others added their airdropped Konra to the liquidity pools. We ended up with a couple of whales but not too many of them. The trading activity of the initial community was exactly what was needed to get Konra over the humps and it all balanced perfectly. This is why I mentioned that a fair amount of luck was involved in navigating the unique tokenomics model of Konra and why I don't think it could be replicated.
With the foundation set I had to now focus on the next aspect to make Konra thrive on the long term. Which brings me to the third step....
**Third Step: Slow, low amount, sharded additional Mintings:**
I knew if I wanted to scale up I would have to slowly mint more Konra in small quantities to scale up and this required a large amount of trust of the community that was vested in Konra. There was nothing I could do about this except to just hope that my actions over time showed that I was trustworthy.
Since most token supplies are fixed at the beginning Konra again broke the mold of the expected with this unique style of additional mintings.
Why the mintings you may wonder?
This was done in hopes of providing equality of access to Konra for as many people as possible over a sustained timeframe. How many people missed out on LawPunks and that famous CashCat's airdrop just because they weren't in the right place at the right time? I didn't want this to happen to people with Konra. As such mintings are done incrementally, but they're done slowly to assure that supply and demand remain relatively balanced. Konra should if this is done right move primarily on an upward trajectory; but do so gradually enough that new people don't get priced out of participation.
Slow minting and distribution also helps with continuously increasing community size in an organic fashion. This allows us to grow without having to rely on hype nor on celebrity endorsements. Later on if this model is kept and perfected it won't matter if governments and large businesses don't support Konra. After all if enough people get their hands on Konra they can use it as they see fit. Distributing these mintings manually may seem cumbersome but allows me to decentralize Konra better than a computer program could.
Since all mintings are manually sharded and distributed, each time more new people enter the community it will continuedly grow. At first they'll come primarily from the Bitcoin Cash community but as time goes on and Konra increases in value it'll reach more and more people who have never been in Crypto. Furthermore seeing the uniqueness of Konra and learning about it's history or looking at the market charts will convince anyone new to Crypto to overcome the barriers to learning how to handle their new found valuable token.
I created this unique tokenomics as I simply wanted a token that was:
- already decentralized in the beginning
- growing more decentralized the longer it existed
- gaining good initial value
- increasing in value steadily over time
- resisting whale movements and market manipulation
- growing the supply slowly over time as if it were mined
- spreading each new minting to many people via sharding and distribution
- growing the community of supporters organically without hype
- launching and initially sustaining itself without a presale or ICO
- increasing the actual use of SmartBCH and Bitcoin Cash
- appealing enough to people to bring them into SmartBCH
No small order to be sure and Konra only succeeded in these things because of the unique customized tokenomics I created and implemented for it. All of the things above will greatly benefit Bitcoin Cash, SmartBCH and all projects within it as it fulfills the ultimate goal of Konra: to improve lives.
So there you have it. Some of my reasonings and some behind the scenes look at Konra's tokenomics and why I do the crazy things I do.
Why Bitcoin Cash will be Global Currency
**Tens of thousands of daily users**
Bitcoin Cash isn't the crypto that sits on an exchange wallet and never gets touched. You can actually use it, daily. Yes, you can even *gasp* buy stuff with it. Like a few domains I bought the other day, I paid for them in Bitcoin Cash. There are tens of thousands of businesses and individuals that accept BCH for their goods, resources and services. Many people also earn BCH daily and get rewarded in it for their content on various social platforms.
As such BCH has something very few other crypto currencies have - tens of thousands of active daily users.
**Ultimate Scalability**
Whereas most large crypto projects that are really well known have to include second layer options in order to be scalable BCH already is naturally able to handle larger volumes of transactions than others.
The Development team is always ahead of what's needed, the innovation comes before the necessity for said feature. As such BCH can probably handle thousands and thousands of transactions per second - whereas others can only do a handful of them without 2nd layer solutions. We've seen several times where the network could handle more transactions than usual.
Because BCH can process more transactions than other Cryptos this means there is ultimate scalability on demand. As the users of Bitcoin Cash grow, the network can keep up. Those who remember all those penny microtransactions from Noise in the first few months? What about the whole craze that occurred when SLP tokens and NFT's took over the blockchain and then SmartBCH tossed more transactions on top of the network as people used bridges to swap BCH and SmartBCH back and forth. The Bitcoin Cash blockchain was able to handle ALL of it; quickly and efficiently.
This shows us that even without extra innovation, Bitcoin Cash has Ultimate Scalability on demand. The network can handle the growth to millions of users.
**Constant Innovation**
The constant improvement and innovation in the BCH space is second to none. We now have BCH powered social communities, tipping tools, gig websites, token ecosystems, NFT's, and now even DeFi and SmartContracts. As there are several prominent and capable development teams active in the Bitcoin Cash community there is a constant stream of awesome tools and great resources for the users. We have access to wallets, dividend tools, bridges, decentralized exchanges, NFT Marketplaces; local meet up groups, fundraising platforms; DeFi Farms and so much more! Due to the innovation the community has made it a habit to always pay attention to new projects and resources, as these come around almost every week.
**You can get Bitcoin Cash almost anywhere**
There are many cutting edge coins and tokens, but few that are as readily available for earning or purchase as Bitcoin Cash. There's no exchange that doesn't offer BCH, there is no place you cannot get rewarded with it. It's insane but you can get it in more places than even Dogecoin or Ethereum as there are whole social platforms and gig market places that only use BCH! I can't think any social platforms that use Bitcoin or Ethereum; yet Bitcoin Cash is used on many of them!
**Enormous amount of Adoption**
There is a large emphasis on Adoption and real world use of Bitcoin Cash. This is especially true in places like Venezuela, Nigeria, etc. Places where most other Cryptos can't reach as the fees are too high or they're not able to reach the people there as people there can't get those coins. Bitcoin Cash gets into those communities and is adopted by people and merchants alike in those countries. Whole groups are dedicated to spreading awareness and helping foster adoption of BCH across the world.
Since BCH isn't just a crypto focused on hype and market speculation it is already more valuable than most other coins on the market. Each person that adopts the use of Bitcoin Cash as currency makes it more valuable.
**Bitcoin Cash is young, it forked only 4 years ago.**
This means there hasn't been a lot of hype on the news about it, nor has there been a decade worth of time to grow into the market place. When other well known Cryptos were less than 4 years old, they were barely over 100$ worth, BCH has been multiple times that much before. While the fork is only 4 years old, the community has been around and active as long as Bitcoin itself. Some of the people who develop for BCH have been in Crypto since 2009 and 2010.
Due to both of those factors in a decade BCH will be worth multiple amounts of this, especially with the constant innovation and huge drive for adoption. Since Bitcoin Cash improves upon the original peer to peer Currency invented by Satoshi, it will thrive and surpass all others in the market place.
**Using BCH is simple, like an Email.**
Just like email Bitcoin Cash is so simple to use. There is no real technological barrier as everything is pretty easy to understand. Through the many BCH powered platforms there are methods to send money to anyone for any reason you wish; these platforms make it easy to do so in seconds. Find a profile, click a button and viola, the BCH is sent. There are no complicated gas fees to calculate, it's less like a banking transaction and more like sending an email.
**You can Earn Interest on BCH**
This is a game changer. Through Nexo and some other DeFi services you can actually earn interest while HODLing Bitcoin Cash. The rates go anywhere from 4.5 % to 6 % with absolutely no risk on centralized platforms and even higher when you get into Liquidity pools and DeFi powered by SmartBCH. Quite a few tokens give dividends to holders. Doing your research and paying attention can give quite some yields over time, sometimes it's even enough to catapult you straight into the 1BCH club!
There are at least a dozen more reasons of why Bitcoin Cash will rule the world. The ones given in my article are just a few things that each alone would boost the value of BCH, but together they're going to bring us straight to the moon.
You can enter P2P Economy via BCH
My problem for the longest time in getting projects off the ground was that getting domain names and basic hosting cost a bunch of money and took a long time. I also always had to hand over a lot of personal information or pay a lot extra for privacy services.
I always wished someone would make it much simpler and accept BCH for this purpose which would allow me to grab domains as I needed and scale projects up over time.
Due to the Bitcoin Cash community I found a wonderful merchant that not only accepts BCH but also made everything intuitive and included all the bells and whistles I needed right from the start.
I will use this knowledge to demonstrate how to easily participate in the peer to peer economy of the future using Bitcoin Cash. Or give you the ability to build a simple site to help bring more people to adopt Bitcoin Cash.
You can do all this in very little time, regardless of where you live. Any person in the world can do this easily, quickly and safely. Following the steps of this article you can begin with only o.002 BCH to establish a way to earn more BCH , to start a simple project to support the Bitcoin Cash ecosystem, to blog about your experiences or build a small portfolio linking your different profiles and sites together.
Since I already had a little BCH ready to go I did it several times to get several projects off the ground as today is my last day off work for the next week. This saved me countless of hours for the next few weeks allowing me more time to work on the projects themselves.
****Step 1: (If you have almost no BCH)****
Join Noise.Cash and start posting quality content or make good comments to people's posts there. This is easy and it takes only a few days to get yourself established there as long as you follow the rules and write good posts. You can post in any language and on any topic, yet please always make it quality content.
I'll do a lot more coaching in the future of how you can make the best of Noise.Cash. I wasn't known in the community before coming to Noise and I became very successful in only a few months of time due to continuous effort and giving value back to the platform in the form of great content. For now I have a basic article here to help you out that I will link at the bottom of this one.
In this time of gathering up BCH you can start thinking of what you wish to sell, what service you want to offer down the road or what you wish to do with the blog and site you'll be building on your soon to be new domain.
Anyone can do anything they want, as this is the economy of the future!
Now is also the time to check out which domain you might like to own and to see if it's available. Go to Epik and put in a few name ideas to see what is available. Yeah I stayed up all night last night to do this, but it was worth it as I found the ones I needed.
If you already have a little bit of BCH and know what you want to do with your site then you're good to go and you can proceed immediately to step 2.
****Step 2:****
Get a domain and pay for it with Bitcoin Cash. Via Epik.com you can get a domain cheap and easily with BCH to get yourself out on the web for more people to see what you're about, or to showcase your service or product. It can be done very fast, unlike other hosting companies it doesn't take days for your new Domain to work. With everyone else I had to wait 48 hours for me to do anything with my new domain, with Epik I was up and running in mere minutes!
Almost all domains with the ending with .co and .xyz are only 99 cents for the first year, so that's about 0.002 BCH. That amount of BCH is easy to earn or purchase, even if you don't have a lot of money you can still participate.
They also have the coveted .Cash domains and other cool ones too so you're not limited if you have a little more BCH to use for it. But since this article focuses on starting something with Bitcoin Cash for very cheap I offer the simplest and best options for doing everything on a tight budget.
I picked a couple of .co domains to get started. What better way to show that this works by using it myself. I always test before I recommend something to others.
Paying is very simple, you send them the BCH via the requested method and wait for one confirmation. Then your new domain will be in your account at Epik. This whole process will likely take 10 - 40 minutes depending on how fast the miners mine the next block.
Enter your desired domain name.
Click on "Add to Cart" for the one you want.
Then go to "Checkout."
Next pick "Other Crypto"
Then you'll see Bitcoin, Ethereum and Litecoin listed, click "Show More"
Select "Bitcoin Cash"
It will show you a wallet and a QR code and a cost for your invoice.
**Do not close that window with the code, it may be a one time code**
Go to your wallet and pay the amount, to the address given.
Wait for the confirmation.
Then other invoice window will show "Your Order has been accepted"
Your domain will now be in your Epik account.
****Step 3:****
Host a simple Wordpress blog on your new domain. Use it to explain what you're trying to do. Post your BCH address, contact information (say a Noise.cash account or an email address) and what services you're offering to people. Showcase your NFTs or talk about your experiences with the markets. Or simply blog about any topic you wish. It's your site so have fun with it. The possibilities are endless so feel free to express yourself and use it to benefit the Bitcoin Cash community and spread awareness further.
See the picture below to see how to activate your new blog for free.
Be aware this takes another few minutes and your log in information is sent to your email, so make sure you have a verified email on your Epik account.
****Step 4:****
Start your blog. Your options are limited with the free site but it works for most small projects or blogs. Creativity will get you much further and a little coding ability will make it even better. Remember, you can always scale up if needed.
For instance if you want to be an virtual assistant, offer translation services, or even consulting in something mention this. Give your qualifications and set some rates in BCH. Include your BCH address, your profiles or places where they can read more of your posts and articles. You can also blog about stuff there. Or perhaps you have information products to sell or are planning to sell physical goods that you'll ship to people if you're well known enough.
The options are limitless, yet please make sure you're always honest with people in regards to your qualifications or what stuff you want to do so they know that you're legit as this is the only way how we can succeed in making a true Peer to Peer decentralized economy. You're the bank and the middle man, so be sure to represent everything in a good way and network with people via other social media channels and the BCH community to see who would be interested in what you're posting about.
Through Epik you can create a basic blog site for free; that means to get your foot into the door it's only 0.002 BCH. The site and domain is not fancy if you're used to doing really technical and heavy custom coded site, but it'll do the trick when you're first starting. You can use Pixabay and Unsplash for pictures or take some yourself. If you need to turn them into graphics you can use Canva. All those resources are free too; I use all three regularly. https://pixabay.com https://unsplash.com https://canva.com
****Step 5:****
Answer your communications, keep working on your site, accept BCH for anything you want and it's all completely decentralized. Don't forget to renew when it's due and if you need to upgrade to full hosting you can always do that at any time. I believe it starts at about 10 dollars per month. Yet for most simple things, the free site will work just fine. If you need a full payment processor, Prompt.Cash has a great one that can let you accept BCH and SLP tokens. The community may have more resources I don't know about, so look around.
But with this way and by using Bitcoin Cash there is no long waiting times. There are no middle men and no banks. There's almost no way for anyone to interfere with you being a part of the global economy.
You can post about almost anything you want even if your country isn't completely crypto friendly, as the site is pretty anonymous and the means to earn a basic amount of BCH is possible regardless of where you live.
Here are the relevant links to help you out:
Step 1: Using Noise.Cash - https://read.cash/@TheEmpress/noisecash-for-newbies-46a94946
Step 2: Buying a domain via Epik - includes Pictures https://noise.cash/post/lq742xnp
This isn't of course perfect, but it's a simple way how anyone can enter the global economy or build a site to support Bitcoin Cash adoption. I've used it four times already today to get a few of my projects better off the ground for pennies.
https://konra.co - Konra token blog showcasing BCH usefulness as well as sharing basic information about Konra.
https://bitcoincashinfo.co - A place for newbie information for Bitcoin Cash. Yep, that'll all go here. Including links to my best posts and articles and the cool stuff.
https://cryptoempress.co - Here I can link all my accounts, offer simple consulting and can showcase graphics I make.
https://bchnation.co - This will become a decentralized marketing campaign for Bitcoin Cash.
They're not all fully built yet, but they're all mine and functioning. In the next two weeks I'll add more information to all of them and make them look much more beautiful. Then when I start the relevant projects I'll show them off more.
It'll be super easy to build the sites and keep them up to date even with all the work I'm doing lately as the whole system is so simple and intuitive. And since everything is powered by BCH so I never have to worry about touching fiat to do anything with any of these domains and my privacy is always protected.
**My total cost for getting set up with this all?**
*Money: 0.008 BCH ($4.00)*
*Time: About 3 hours*
***Isn't Bitcoin Cash awesome?***
Imagine, billions of people can use this method to get into the decentralized economy via BCH in just a few hours of time. Send them to my article to learn how to do it with ease.
Thank you for reading and I want to thank all my sponsors.
Noise.Cash for newbies
One of the greatest things I've ever seen is Noise.Cash, which is a social media site using BCH as the basis for rewarding users for good posts. It seems simplistic at first glance but it's absolutely great for introducing Bitcoin Cash to new people as they get their hands on actual crypto and see it being used in a way how relatively few currencies can be used.
Always mention to newbies that Noise.Cash is a place to learn about Crypto and Bitcoin Cash, to network with the awesome community, get informed about new developments and yes, and to perhaps even earn a little Crypto currency for themselves.
So here is my handy Guide for making Noise.Cash one of the best tools for your Crypto immersion.
1: ****Don't make earning your focus.**** Yes, getting hearts and rewarded for posting is awesome, it's one of the best motivations for writing good posts. However, it's not all there is to Noise.Cash and no one owes you anything for being there.
We as the users are there to build up Noise.Cash, to improve the community and to give value to the platform. We need to give our best to the platform, not in expectation of getting anything in return but as a thank you for them building an awesome platform and bringing us all together to talk about Crypto.
After all, when you grow your presence in places like Twitter you don't get one penny, so anything you get as a reward for using Noise.Cash is a bonus to it being hands down one of the best social media platforms in existence.
***Use the platform for expressing yourself, learning about Crypto and building community. Give value to the platform, first and foremost.***
Let the admins see your posts and say: "That's going to bring lots of people here. This is what people want to read about. That's what I want to see here."
When the admins of the site feel good about what's being posted there then they won't feel so bad about all that bandwidth they're using, they know it's all building something of quality and you're helping with it.
Here is my number 1 tip:
***How would Satoshi feel if he read your post?***
If the answer isn't an overwhelmingly positive reaction, then the post could either use some more work or is more suited for twitter. Make every post as if Satoshi himself would come across it in the timeline!
****2: Build Community and create value for the community****:
Getting people to interact with your posts is much easier on Noise.Cash than on traditional platforms and there isn't a single troll around. No censorship either, you can post about Crypto all day long and people actually want to read your thoughts. Gone are the crickets and silence that you'll find on other platforms whenever you talk about Bitcoin Cash or the markets. No arguments either, unlike traditional platforms Noise.Cash is inviting, warm and friendly. Use this to build community, use this to feel good about expressing yourself, it's the basis for being able to put your best material on there.
Realize what good we're getting by the platform existing and stop thinking of it as a way to "make money." Think rather of how you can give value to the community. How you can make the platform better for others.
***You want your posts to inspire other people to want to be on Noise.cash rather than on traditional media platforms. After all, that's what you want to see when you come there to read posts.***
****3: Dedicate time and effort:****
No social platform is plug and go; insta fame. You can't get on there hoping to become famous overnight. As such, you need to be willing to give time and effort to grow your presence on the platform and to make a few friends. Post at least once or twice per day, comment on other people's posts, and make a few friends. The more you browse other's posts, the more you'll learn about Crypto and the more likely you'll make friends with people who have similar interests and whose posts you enjoy coming across your timeline.
***Give yourself 6 months to solidly grow, without any expectations of reward***
That's the same thing I say for Youtube, Twitter, Instagram and even Pet voting sites. It's true of any social community or any community period. You need to make a commitment to be active (not in a post 30 times in an hour way) but more of in a make at least 1 - 2 quality posts per day, no matter what.
If you treat it as a community and you want to see yourself as a valuable part of the community then you're going to take the time and effort necessary to make it happen.
****4: Read, Comment & give hearts too:****
It's a two way street so try to have conversations with people if you can and if you have the time. I may not always have a lot of free time but I literally had whole conversations with people on Noise.Cash!
***If you're not inspired to write one day, then open up the app and start reading.***
Comment quality thoughts on various subjects, follow a few people whose posts you may enjoy seeing again, read the posts in a few chambers that interest you. This is also something you can do in between posting or when you have a few minutes of time and no more in between work, chores, studying or other things you're doing.
****5: Post quality before quantity:****
Of course, always post quality and if you're posting in a chamber or channel, make the post be on topic. If it's a picture you're posting, make sure to let everyone know why the picture is cool, something about how it inspires you.
Naturally copying pictures or posts isn't cool, you are a cool and awesome person with individual experiences and your own thoughts. Share those, not copied quotes or screen captures off your phone for best results. You want to express yourself, not just post random things just for the sake of posting. This brings me to rapid fire posting, you want to avoid doing that.
***It's about quality, not quantity.***
***Give each post time to shine before posting another.***
If you're needing inspiration for posts try some of these:
How did you get into Crypto?
Why does Bitcoin Cash interest you?
Which feature do you like the most and why?
What are some of your experiences with the markets?
Did you make any newbie mistakes, and if so, what did you learn from them?
What would you say to Satoshi and why?
How is life like in your country?
Where would you like to travel and why?
What is the one thing you wished you could do with your life and why?
Talk about your experiences with various crypto things?
Did you ever stake a coin? What was that like? Where did you stake it?
How is crypto adoption going in your country?
What do you wish for the future with Crypto? (Go past the whole, when moon)
Who inspired you in the crypto Space and why?
Explain how certain Crypto News affects you? (Ie. Elon Musk tweeting)
Things you're working on right now, post about them if you think people might like to hear about it.
Look around you for inspiration, it's all around all of us. Look up writing prompts or see what others are talking about and see if your own experience can elaborate on something.
Our families, our pets, our passions, our knowledge, our questions, our market experiences; all of these can help you build a quality post. I could literally build millions of posts with all of that, but only a few hundred will make the cut of being of good enough quality to make it on the platform. Get inspired and run with it, but then pick only the best of the best to post!
****6: Make a list of potential topics for posts when you're inspired****
I call that my future posts list. When I'm really going on a roll and want to rapid fire post a million things at once I bring out the post list. I write the topics and general idea of what I want to say for each on this list instead of posting it right away. I even write down whole posts on there.
That way I know when I'm struggling or I don't have a lot of time I can go back to my list and write about something on there. Even though I have full posts on there I never copy and paste those, I will retype and elaborate on them when I finally post them on Noise.Cash to keep it original and exclusive.
***And most of all.... always remember to have fun and follow the rules!***
I hope my post helps you make the most of Noise.Cash in the long term. When you avoid thinking just of the earnings and make it your community hang out you succeed more. When you focus on giving value back to the admins of Noise.Cash then you'll notice a big difference over time.
Before you know it, there'll be a bunch of BCH in your wallet, without you even trying!
I love writing about Bitcoin Cash
Then again you can't blame me, I love talking about Crypto, reading about the markets, learning about blockchain and seeing the developments in different ecosystems. To me that is interesting and fun as it's an emerging field. One I have a great passion for, so much that I constantly think about Crypto stuff.
Given all of that it's no wonder that I love writing about Bitcoin Cash. When I found Noise.Cash I realized someone had actually merged my two most favorite things - social media and crypto into a neat package and based it on BCH, the best crypto currency of them all. That piped my interest enough for me to sign on and from the minute I got there I was hooked.
***There are people who actually enjoy me talking all day and night about crypto!***
***And they're all in one place, reading my stuff!***
No where else did I ever get that. Most people start to get those glazed over eyes or deer in headlights look when I start going on and on about Crypto currency. If they're online with me they often quickly change the subject. On regular social media the Crypto posts tend to be my most ignored ones. Many people get confused when I start to explain the basics about blockchain technology.
Over time some of my friends warmed up to it; and many are now light to medium investors too - although they don't talk about it nearly as much as me. It took everyone a bit of time to get familiar enough with the concepts to actually enjoy my crypto talks. But even my friends have a limit of how much Crypto talk they like per day. So you can expect me to write about everything I always wanted to say when no one was really listening.
Such as my little write up below, it's just off the top of my head....
***Bitcoin Cash is the best Crypto Currency; hands down!***
To me Bitcoin Cash is the ultimate peer to peer currency, it's basically what Satoshi described in his White Paper back in 2009. You can send as little or as much BCH as you want, unlike banks no one restricts you from using your money as you see fit. So if you want to send a penny, you can send a penny. If you want to send a billion dollars worth, you can do that in one sitting. It'll cost you less then a penny and go through almost instantly. There are never any unauthorized charges, no charge backs, no overdraft fees, no gimmicks, no account fees, no denials by banks, no restrictions by governments, no KYC, no nothing.
***It's just you controlling your own wealth; you being your own bank.***
If you want to send someone Bitcoin Cash, you can do so and no one can stop you from sending nor them from receiving. That is giving power to the people, it's what can topple the elites and counter all corruption. Because you can give micro amounts to anyone, anywhere in the world it can even eliminate poverty without the need for big charities.
With Bitcoin Cash we the people can fund new businesses, help inventors invent the next big thing and actually establish the first real free market place. The things we can do with Bitcoin Cash would amaze us if we actually sat down and thought of everything that can be done with it. We can bypass just about every kind of middle man, and cut down a lot of the bureaucracy.
It's a trust - less system that we all can verify via the blockchain, a blockchain that is ruled by code that defines it's parameters and consensus. We don't have to know each other in order to transact with one another, we just have to trust that the distributed ledger is decentralized enough and functioning properly.
***We can build a decentralized financial system with people all around the world....***
***.... without having to know any of them.***
***How awesome is that?***
You can also build awesome projects with Bitcoin Cash, the ecosystem is versatile, and the community is great. If you want to code a website or a solution, almost everything in the community is open sourced, and shared. Should you need help, oftentimes there are several people willing to help you find your niche and solve a stubborn problem you may have. A friend was having an issue with a faucet and he ended up getting help from another project team, others helped me by getting the word out about my token even though they barely knew me. We are all able to trust each other as we're a part of a trustless decentralized open - sourced system; and we all want BCH to succeed. Collaboration is common and it develops naturally because people genuinely care about the ecosystem and Bitcoin Cash Adoption.
If you wish to create a token it's cheap and any token created automatically inherits every great aspect of Bitcoin Cash. Like children, SLP tokens inherit all the good traits from BCH. Those cheap fees, the quick transactions, the scalability, ability to make micro transactions are all automatically a part of every new token created. All of that and so much more are instantly put into the hands of any developer. That means any Simple Ledger token is infinitely better than almost any other Crypto Currency or token out there. It's also available without having to code a blockchain yourself and to create a token costs less than a penny.
The level of innovation that will bring to the space is unfathomable. We cannot imagine it even if we tried. There are a lot of things that just aren't possible with Token ecosystems where the fees are too high, or where the technical barrier is so high that most people can't try out their projects without an expert at hand.
***Imagine the innovation that came from the Internet.***
***Every person could get online and try out their idea!***
***That's the innovation we're about to get in the Bitcoin Cash ecosystem!***
If you remember the sheer amount of new cool stuff that came from the internet and people getting access to decentralized information and being able to make websites. Millions of people innovated billions of cool new concepts and did so for cheap enough that they could afford to test out lots of ideas. If you made a brick and mortar business on main street, most of the time you failed. Should your one or two ideas not work you failed. It was expensive to start up, and expensive to keep going. Very few tried, even less succeeded. The internet changed that; everyone could participate. The information for anything because accessible to all. This is what's about to happen with Crypto because of Bitcoin Cash! I'm sure if you compare the internet to what is happening in the BCH ecosystem you can see many similarities.
BCH is so cheap to use and with SLP and SMARTBCH a developer is able to do just about everything they could do in other ecosystems. I'm amazed to this day that all these projects would be willing to pay Ethereum's horrible high fees and put themselves in a position unable to scale up properly.
Why are they so stubborn? All they need to do is migrate to Bitcoin Cash; between SLP tokens and Smart BCH it's versatile enough for most projects and everything built on BCH is ultimately scalable to billions of users. We're only limited by how many people adopt Bitcoin Cash - as the technical stuff is always innovated before it's actually needed.
***Bitcoin Cash is built on Innovation and Adoption; not just Hype and Speculation***
We all know a few coins that are driven primarily by Hype and Speculation. This doesn't mean that they don't have their legit fans, or even good use cases - some may have either or both of them. However, it's clear to see that their popularity comes from two main sources: Hype (via social media or celebrity / elite endorsement) and Speculation (99% of People are just investing in it to get rich; most never actually use it).
With Bitcoin Cash we don't have a lot of hype and there's only a limited amount of speculation. Here the focus is innovation, the community innovates solutions to problems that MAY become an issue in the future thus preparing BCH for the growing pains as it gets larger. In addition, the secondary focus is adoption. Since the community developers innovate several years ahead, Bitcoin Cash has unlimited space to grow quickly and scale up efficiently and effortlessly. BCH can handle hundreds of transactions in a second; that upper limit has been pushed on test net often enough that we know it's higher than what we'd need for years to come. Just think of the transaction volumes from Noise.Cash before people could consolidate their money from there; or even more amazingly the stress test the community did on Sep 1, 2018 when over 2 Million transactions came through in one day perfectly, all with the same average fee as before....
***Bitcoin Cash is a scarce, well recognizable crypto currency that's easy to use, affordable by everyone in all countries, can scale effectively and is driven by a desire for innovation by an open sourced, collaborative, decentralized community.***
Surviving a market crash like a future Millionaire
This is something I'm actually very good at since my first exposure to crypto currencies was in December of 2017. I happily bought a few hundred dollars worth that December and watched the market increase my investment every hour, thinking I was so super smart to have found something so utterly awesome to give me such good returns so quickly.
Thankfully in all of this glee and dreams of Lambos I also made sure to study the fundamentals of bitcoin and blockchain, the real meaning of money and the power of decentralization.
Yes, I read Satoshi's White paper, understanding about 1/10th of it but still completely amazed by the utter genius behind all of it. The few currencies I invested in I researched and knew they had strong use cases and awesome fundamentals.
Then I did the unthinkable for a newbie in the midst of a historic bull run.
I promised to make this a long term thing.
***"No matter what, I will hold most of my Crypto for 10 years"***
I said it originally thinking I would surely have millions of dollars by then given my investment of few hundred dollars increased by a couple of dollars every few hours. I wanted that Lamborghini and the fancy house and Crypto was going to provide me that. In additional I was going to learn the markets, to judge good projects from bad ones and to yes to code blockchain too. Cause you had to know how to code a blockchain if you wanted to really be good at this crypto stuff. Didn't all the top people in Crypto code blockchains for a living? After all, all the main folks that talked the smartest about blockchain had a project themselves, or were even starting an exchange.
I was a newbie, please don't fault me for the over enthusiasm and thinking I could go from plopping a few hundred dollars at Coinbase all the way to coding a blockchain in a few months with my non existing coding ability.
The euphoria lasted about two weeks, every day new marvels unveiled themselves before me as the bulls were running in full swing. My meager investment of Bitcoin bought at 11K were already almost at 18 K and I couldn't believe my eyes. Every news seemed to be talking about Bitcoin and I even discovered Ethereum, Bitcoin Cash, LiteCoin and XRP. I couldn't talk about anything else other than Crypto and I stayed awake until 3 AM checking the markets constantly. I was like a mother hen checking her chicks.
Then it came. Blood was in the streets, the market crashed. Hard. Really really hard. My euphoria turned to dread, what had I gotten myself into here? I had just topped off with Ethereum at 2 K and Bitcoin Cash at 4 K and another bit of Bitcoin at 19K. It all tumbled down the mountain like an avalanche. An avalanche of bloody newbie investor tears. Seeing it all in red I was like what now? The news spoke of Bitcoin being dead, people tweeted about Tulips and bubbles.
*"No matter what, I said I'd hold all of this for 10 years. It's been less than a month"*
I sighed looking over the carnage and decided right then and there that I would keep to my commitment. Ten years. Nothing less. As much as it shook me to the core I kept strong the entire crash, and little by little I purchased more crypto both in 2018, 2019 and even some in 2020.
It would take almost 3 years for the next really big bull run; but then I realized that it quickly surpassed the last one by a lot. I wasn't just up a bit in my investment by waiting and being patient, I was way up. Stellar had grown from 8 cents all the way to 53 cents, my 2$ LINKS had turned into almost 40 dollars, everything was so much more than even at the height of the bull run I had came into in 2017.
While I was happy and overjoyed I already prepared myself, as what goes up must come down again. I knew the market would run red again and I was ready. When the market now crashed in 2021, I swear, I didn't even blink. No reaction from me at all. I waited patiently for a bit more fiat to come into my hands and promptly bought up a few dips while hanging out on Noise.Cash.
***How to deal with a Market crash:***
***1: Make a commitment for the long term:*** Set a goal for a certain amount of your crypto holdings, say at least 5 years, 10 years, 15 years. Then stick to it. While you can take some profits before then, maybe even swap one coin for another, keep most of your portfolio as it is for that time. And nothing gets done during a crash except to buy or acquire more crypto.
***2: Check out a few new projects during a crash.*** Everything will be on sale and you'll want to know what to invest in when you get a little extra money. Because there's no FOMO and hype you can quietly and thoroughly check something out without having to worry about if you're gonna miss out on a great thing. It's a crash, there will be no FOMO and you'll have enough time to research and then purchase at will. In fact all the cool coins you wanted that were too expensive during the Bull run will be so tempting at the lower prices. If you took any profits during the up market, now is also a good time to replace anything you took out or exchanged.
***3: Refresh yourself on the fundamentals.*** Go over again what makes blockchain and decentralization so powerful. See where the Space has gone in the last few years with innovation. This will distract you from the markets and help you gain your footing; you'll still see blood in the streets but you will understand why it's just a temporary thing.
***4: Don't get overzealous at the first sign of recovery, it may not be a full recovery.*** Also don't think that a dip is the last dip. Be very careful trading in these times as it's easy to mess things up - that recovery may be a false one and if you sell you may find out missing a bigger recovery later, the dip you're buying may not be the deepest one and you may lose a little more money before the market finally recovers for real. Leave the see - saw weeks to the pros, as it can go up and down like a pendulum. If you buy then buy to hold long term. If you sell be sure you're happy with the price you sold for.
***5: Markets crash, hard. In crypto the streets run red and it hurts.*** 50% losses, 75% losses, even 90% losses can happen. The news that was euphotic and and on top of the world suddenly proclaims "Bitcoin is dead" and the community that was sharing memes of Lambos and moons will suddenly get all quiet and sullen.
Just realize, Bitcoin is not dead, the news claimed it has died over 300 times and every time it got up again. Same goes for Bitcoin Cash or any other Coin out there. If you do listen to market talk, only use it to gauge when might be a good time to pick up some more of your favorite coin or token. I say this because the FUD will be very strong during a crash and most people will talk negatively during a down market.
***6: If you're ever in doubt about anything, zoom out.*** What looks horrible is just a tiny little dip in the grand scheme of things. Can you even still see the huge market crash from 2017? What about the ones that happened before for the coins which existed before 2017? Those crashes were horrible I've been told, yet on the big chart they're not even visible anymore....
***7: Change your views.*** It's not about how many dollars are in your portfolio but how much of your favorite token or currency. If you look it's the same amount of BCH, ETH, LINK, ADA whatever that's sitting in your wallet; only the dollars are changing and decreasing during a crash.
***8: Earn more Crypto:*** In a few places a market crash is a great opportunity to earn more Crypto. Staking rewards remain the same but will be worth more down the road, places like Noise Cash and Read Cash are still just as awesome. Even Coinbase Earn will get you more crypto if you watch their earn videos during a market crash.
***9: If all else fails, walk away for a few weeks or months.*** Close the market app. Back up your seed phrase to your wallet. Mute Crypto Hashtags on social media. Spend some time with your family, pursue a hobby or learn something new. Crypto will still be there in a few months and your sanity may be grateful if you're not subjected to the market swings every hour of every day. I have a friend that absolutely has to walk away for a few weeks when the markets get too crazy and I don't blame him. Not everyone can stomach the growing pains of a new economic revolution.
Hope these tips help you during the next market crash. When you come out the other side of it you'll be like the rest of us, master HODLER extraordinaire. See you on the flip side during the next Bullrun :).
Why Bitcoin Cash will rule the world
There are about a thousand reasons why BCH will rule the world. I have to split this into multiple articles because there is so much to share. Here are just a few of the many benefits of Bitcoin Cash that will enable it to one day be a global peer to peer currency. Some of these you may know about but some may surprise you if you're just a casual observer of Crypto currencies and the markets.
***Low fees***
No mention of Bitcoin Cash ruling the world would be complete if you didn't mention the low transaction fees first. Only very few crypto currencies can actually serve as world wide peer to peer currency as with most of them their fees would prohibit use as a currency for most of the people in the world.
Bitcoin and Ethereum may sound good on paper, but when you're talking about a fee that's more than a billion people make in a few days (or even weeks) of working then it's useless as a global currency. No one is going to spend their weekly paycheck just to pay the fee to use BTC to buy some groceries. It's just not feasible. So while the high and unpredictable fees of many Crypto currencies are a source of frustration for us in Europe and America, they're prohibitively out of reach for most of the planet. In that case it doesn't matter if BTC or Ethereum could theoretically bank the unbanked if none of the unbanked can afford to use the currency in day to day living.
With Bitcoin Cash everyone can use it as the fees are less than a penny for most transactions. Even children could use their pocket money to use BCH. The transaction fees are so small that people regularly use BCH for tips, faucets and dividends. BCH is perfect for all types of micro transactions, but it's also perfectly able to handle large transactions. Want to purchase a house or land with Bitcoin Cash, no problem. It still only costs less than a penny. Only very few Coins and tokens can claim this benefit!
***SLP tokens***
There are many benefits to SLP tokens and most of them aren't even immediately visible. Because Simple Ledger tokens are created on the Bitcoin Cash blockchain they automatically inherit all of the benefits of Bitcoin Cash. Low fees, fast transactions, an awesome ecosystem, versatility, scalability just to mention a few.
With so many benefits automatically transferred to all Simple Ledger tokens it's easy to innovate and experiment around with new project ideas or even use the tokens to teach others about crypto currency. The sky is really the limit and this potential is mostly still untapped. Since each token has it's own block explorer and their own specific attributes they can each thrive without being cookie cutter versions of each other. Minting new tokens, burning tokens, airdrops, giving dividends and so many more options are easy and accessible to everyone, even those with no coding experience. All of these including creating a currency costs the same as a regular transaction, less than a penny.
For all the simplicity and versatility of SLP tokens another side is rarely mentioned. Simple Ledger tokens bring more people to Bitcoin Cash while helping both directly and indirectly in furthering the adoption of BCH. No matter if it's a meme token, a tipping token, a new currency for a city or any other project they all help. No matter if the token is serious or silly, each transaction uses BCH and locks up a small amount of Satoshis. This alone can seriously impact the value of Bitcoin Cash; in addition these tokens can help the network scale over time.
Remember, each Satoshi locked up with tokens is effectively mostly out of circulation, making the rest of the ones still around worth more. While this locking up of BCH isn't permanent like a burning, it is pretty long term if people don't burn the tokens. Again, it's not so visible with only Spice and Honk Honk tying up a couple of BCH each, but multiply this over a period of time with thousands and thousands of successful tokens and NFTs (which people don't tend to burn) and we're talking a massive amount of BCH locked up in these SLP tokens.
***Own Platforms***
Bitcoin Cash has it's own social media platforms. Not just one either, but several of them. This is because of the low transaction fees it's easy to give incentives for social communities with BCH. We have at least two microblogging social sites (Memo.Cash and Noise.Cash) and of course our own Article Platform (Read.Cash). I also heard of a few others but I don't know much about them. The point remains, anytime a crypto currency can encourage the creation of social communities that currency can indeed find world wide adoption over time. Here the social communities aren't the main use case of BCH, they're just complements to the peer to peer use of Bitcoin Cash.
***Ecosystem and Community lets people earn & get BCH for free***
The importance of this cannot be overstated. When you're a part of the Bitcoin or Ethereum community you're hyping only that which you can buy or maybe slowly mine or get from a faucet.
BCH is the only place where the community empowers people with nothing to start and get Bitcoin Cash and acquire it by various means through multiple sites. While the individual amounts you get are often smallish (a few pennies) they are higher rewards than faucets or even staking rewards in some cases. Unlike staking for many of them you don't have to invest or pay anything.
The fact that so many of these "gathering Satoshi for the average person" avenues exist are staggering to say the least and they all help in the adoption of Bitcoin Cash. There are games, social communities, task sites, remote worker sites, NFT market places, regular market places, content creation sites, and yes even gambling sites and much more to help you gain access to BCH. In addition there are several prominent community members who give BCH as tips on various other mainstream communities and there are often various giveaways that reward BCH and many SLP tokens have Dividends paid in BCH.
Case in point is that there is an abundance of ways of getting your hands on plenty of Satoshis, the whales and leaders of the community make sure of that.
***The Community!***
The BCH community are some of the most awesome and best people I have ever met in my life. They are kind, giving, compassionate, cooperative and just awesome. They all want BCH to take over the world, so that more people can experience the freedom and opportunity that Bitcoin Cash can bring to humanity.
I'll try to post part 2 of this next week sometime.
World Wide Adoption
We all know about the people crying Moon and Lambo every few days. It's the hype of the hopes of investing in the right coin or token, to find the Unicorn Project and get insanely rich. Yet, as much as we all like picking a good project as an investment that's not really what it's about when you get down to it. We all enjoy seeing a bull market in action and watching our bag increase in value, but the profits should come secondary. In reality it shouldn't be about Lambo's but rather about World Wide Adoption of Crypto and Blockchain in general.
Most of us are doing it wrong:
As long as we're watching the price, we're not doing it right. A coin where you're watching the price you're not only subconsciously comparing it to fiat but also in essence you're trying to get rid of it.
"How many dollars is it worth now? What can I get for it? Should I sell it for dollars?" are often the wrong questions to ask.
By most of us thinking like this shows us that we're far away from world wide adoption and that the space has a lot of room for growth.
When we stop caring about the price movements of the market, but focus on adoption, learning more about the project and ecosystem, building community then we're getting closer.
The project leads and developers are sometimes doing this too. They think of making profit or having a high market cap rather than of how many people use their token or coin consistently. They go after hype and the markets, rather than the community.
Here are some tips each of us can do to shift our thinking:
Focus on bursts of accumulation rather than price action.
Rather than watching for bull and bear markets in regards to how much your crypto portfolio is worth, try to focus on times of accumulation for your favorite projects whenever there's a bear market or dip in the market. Even if you start by looking at your portfolio's worth in regards to dollars, train your mind each time to take a moment to appreciate each time you can accumulate more of your favorite Crypto. So rather than "this market just lost me 100$" focus on "***I accumulated an additional 1 million BCH Satoshi***"
X amount of Crypto rather than Y amount of dollars:
This one is difficult as most exchanges and other places show the dollar price of everything you own in Crypto. Yet let your eyes scan past the big $ number in your Bitcoin Cash holdings and focus on the amount of Satoshi you hold. It's not $128.67, but rather ***0.19229754 BCH*** or ***19,229,754 BCH Satoshi.*** Once you learn to focus like that you'll get your mind trained to look at the crypto currency as it's own currency rather than as just something to invest in to get Fiat in return. When you do take profits see what resources you gain from spending your crypto or how much additional crypto you can acquire in the next dip instead of seeing how many dollars you got out of the trade.
Learn about the fundamentals and crypto technology in general:
Markets and investing may seem the more exiting part of being in Crypto, but if you want to be involved in the long term and actually really get hyped up about it all then take some time to learn at least the basics of Blockchain, decentralized systems, how money works, what makes the current fiat system so bad, inflation versus deflation, smart contracts, etc. I say this as once you understand what makes Crypto so awesome and game changing the market will never phase you again.
Learn about the history of various Crypto Coins and tokens:
A bull run may be the greatest thing you've ever seen. And opposite that bear market may seem like the worst thing you've ever seen or heard of, especially if you're new. However, those who have been here a few years know that both insane bull runs and horrible market corrections is just a natural part of the market cycle. Crypto dips may seem sudden, unexpected and horrible - but they're very normal. During any dips in your favorite coins or tokens refer to my number one rule:
***When in doubt, zoom out on the chart!***
Often times you'll notice the big dips of the past are just tiny little drops in a much larger market trend that's in an upward trajectory. Overall in many solid projects the overall movement is upwards when you factor in time.
Also remember on the flip side a coin suddenly doubling in value may be dizzying but this is also perfectly normal.
Spend time building community:
Spending time to build community, maintaining your social profiles and talking to people about your favorite projects help with adoption. Always spend more time doing that then trading the aforementioned coins on the market places or checking their prices.
Adoption brings solid long term growth in any of your favorite projects. If you had your choice of "market hype from the news or an influencer like Elon Musk" or "***solid innovation / improvement on the protocol and growth in adoption***" you always want the latter one. Often growing the worth of the coin or token through the adoption method is slower than quick media hype - but innovation and adoption always wins out in the long term.
Hope my few tips helped you out a little. It's my first article here so please come back soon :).
@TheEmpress
