@xuanling11
⚠️Scam: WAVAX.net Reason scam: fake token airdrop into your wallet, do not spend or transact with Scam types: scam token, rug pull potential, scam smart contract #scam #alert
@xuanling11
@xuanling11 in February 2022
@xuanling11
@xuanling11
⚠️Scam: ADADAO.net Reason scam: fake token airdrop into your wallet, do not spend or transact with Scam types: scam token, rug pull potential, scam smart contract #scam #alert
@xuanling11
Online phishing is a huge problem. Check out my article here to avoid such phishing and to protect yourself from https://leofinance.io/@xuanling11/phishing-attacks
@xuanling11
Published my DAO 3 article about DAO structure. Each DAO in the spectrum can have a DAO. However, each DAO has its own mission. https://leofinance.io/@xuanling11/dao-the-way-part-3
@xuanling11
DAO The Way Part 3 In part 3, I will go deeper into each spectrum of DAO and identify their structure and how such structure will impact their operations and collaboration during their DAOing. TL;DR I examined 5 possible ways that DAO can work within the entity or become an entity. Data Layer There are three layers for an entity to interact as a DAO. The social layer is for the community to build and collaborate. The data layer is where the communication conveys and…
@xuanling11
What Yout May Expect NFTs After 6 Months and Beyond NFTs had the great year of 2021. From Pak’s ‘The Merge’ to Beeple’s ‘Everydays: the First 5000 Days’, many more creators and designers want to join the space to make a fortune. Can they do so? TL;DR I explained the 5 stages of the crypto life cycle and where NFT positions itself at. Crypto Life Cycle Pattern Similar to forming a country, cryptocurrency creates an opportunity to form a new type of organization or maybe even…
@xuanling11
Published my article about NFT stage. Avoiding hype and you can see how crypto evolves into: https://leofinance.io/@xuanling11/what-yout-may-expect-nfts-after-6-months-and-beyond
@xuanling11
⚠️Scam: wonderland.money Reason scam: co-founder of wonderland Oxsifu just rug pulled their users Scam types: scam token, rug pull #scam #alert
@xuanling11
⚠️Scam: USDT-BEP 20 Reason scam: fake stablecoin and possible rug pull potential Scam types: scam token, rug pull potential #scam #alert
@xuanling11
DAO The Way Part 4 In part 4, we will take a break on the DAO spectrum and dissect what makes a DAO. TL;DR Humanity is a trust in DAO and helps DAO to build a sustainable community. DAO = Humanity + Technology DAO has two components, humanity, and technology. Compared to traditional corporations, which are composed of labor and profit, DAO goes one step further. Humanity vs. Labor In DAO, contributors are not a tool. If DAO treats contributors as a tool to reach the goal, it…
@xuanling11
Published my new article about DAO and I think humanity is a trust in DAO and helps DAO to build a sustainable community. https://leofinance.io/@xuanling11/dao-the-way-part-4
@xuanling11
Licensed NFT vs. IP Law If you think you can create NFTs freely without any Intellectual Property Infringement you may want to rethink again. Current news about Nike filing a lawsuit against StockX drops the audience's jaw and opens a new door to what NFT means for the big branding corporations. TL;DR Licensed NFT is Intellectual Property Rights in NFT. Should we still use Intellectual Property Rights to protect our ideas or there is more than just protecting your own…
@xuanling11
Heard about NFT Licensed? It seems intellectual property rights are covering NFTs now. https://leofinance.io/@xuanling11/licensed-nft-vs-ip-law
@xuanling11
Wormhole Hack - It May Not Be a Bad Thing Wormhole got hacked and lost $321 million in the recent hacking incident. Wormhole is a cross-chain message-passing protocol that connects Solana, Ethereum, Terra, and Binance Smart Chain. TL;DR Wormhole got hacked. Solana got its first hacking incident. It is an opportunity for Solana to improve its security. Hacking The hacker was able to mint 120K Wormhole-wrapped Ether on Solana. They then bridged 93,750 of these tokens to…
@xuanling11
Published my article about Wormhole hacking incident. Maybe it is not a bad thing for Solana. https://leofinance.io/@xuanling11/wormhole-hack-it-may-not-be-a-bad-thing
@xuanling11
⚠️Scam: LandtoEmpire.com Reason scam: fake airdrop tokens specifically NEAR wallet, possible rug pull potential and drain out your wallet Scam types: scam token, rug pull potential #scam #alert
@xuanling11
Preventing Rug Pulls Rug pulls are very common in the crypto space. It is a type of exit scam in which creators of such crypto products inflated their price and valuation to attract more buyers and suddenly sold to cash out so that the market will tank into the near-zero valuation. So how to spot rug pulls and prevent them? TL;DR Rull pulls are preventable if you follow these 10 steps. Categories There are 3 categories of rug pulls so far. Liquidity stealing, limiting sell…
@xuanling11
Published the guide to prevent rug pulls. Try these 10 steps and you can prevent rug pulls. https://leofinance.io/@xuanling11/preventing-rug-pulls
@xuanling11
DAO The Way Part 5 In part 5, we will take a deep dive onboarding process for DAOs. The onboarding process is essential to DAOs, and it is the easiest way to go wrong. TL;DR Sharing 5 Dos and Don’ts to help the onboarding process through DAOs. It does not mean there are best practices, but they share some insight into building a sustainable DAO. Onboarding in DAO When new people come into your DAO, it is an opportunity for both sides to learn and understand each perspective…
@xuanling11
Published my article about DAO onboarding process. I think DAO is an experimental organization that helps to engage with people and build something together. https://leofinance.io/@xuanling11/dao-the-way-part-5
@xuanling11
⚠️Scam: Elrond Network Reason scam: fake airdrop tokens into your wallet, possible rug pull potential and drain out your wallet Scam types: scam token, rug pull potential #scam #alert
@xuanling11
Lessons Learned From Wonderland DAO In recent Defi DAO Wonderland collapsed due to 0xSifu who is the co-founder of QuadrigaCX Michael Patryn, a former expert on scamming people, while the founder Gerald Cotten died suddenly in 2018 and took investors’ $250M into his grave. How come a DAO becomes a scam and rug pull investors? https://youtu.be/y26NX0LRKrY TL;DR 0xSifu is an ex-criminal who ran a scam business and was sentenced to 18 months in federal prison for multiple…
@xuanling11
What can we learn from the current rug pull from Wonderland DAO? Maybe DAO is still in the process to develop rather than maturing. https://medium.com/@xuanling11/lessons-learned-from-wonderland-dao-c57edcfbe3e1
@xuanling11
⚠️Scam: $ZKP Reason scam: scam tokens with possible rug pull potential and drain out your money Scam types: scam token, rug pull potential #scam #alert
@xuanling11
DAO The Way Part 6 Here is DAO part 6. I drove myself into the rabbit hole and DAO seems like a huge effort of building and designing from scratch of economy, work, team, technology, management, and many more. TL;DR There is more to learn than to execute in DAO. Compared to traditional corporations, DAO can improve and become its own type of corporation structure in the future. What to Focus DAO is not a solution for all. However, before you dive into DAO, you want to set a…
@xuanling11
Published my DAO article 6. I think creating value is very important in that it lays out what DAO can really apply and help the community to grow. https://leofinance.io/@xuanling11/dao-the-way-part-6
@xuanling11
Learn How To Defi Part 1 Let’s learn Defi together! I researched online and with my understanding about Defi. I put all the resources I gathered and made a Defi Guide in Notion page here. I shared my Defi cheat sheet here with you. https://xuanling11.notion.site/DeFi-Learning-8e04676501e547cba5c09334d866d26c TL;DR I layout questions: What is Defi? Why Defi? What are the risks of Defi? What is Defi? Defi or Decentralized Finance is a peer-to-peer financial system built on the…
@xuanling11
Shared my Defi cheatsheet here. Let's earn Defi together! https://leofinance.io/@xuanling11/learn-how-to-defi-part-1
@xuanling11
without any warning, my newsletter got shut down. lol #memes
@xuanling11
DAO The Way Part 7 Let’s talk about the framework of DAO particularly in the Constitution of DAO. Do we need a governing body for DAOs, what standard does a DAO need to comply to or do we not even need a standard for DAOs? TL;DR Three rules that DAO can follow and enforce to make its community operate more sustainable and resilient. Before the Constitution From Greek Mythology where rights were born to have, to Roman Empires where rights were conquered by military power to…
@xuanling11
Published my DAO part 7 about rules of DAO. I proposed 3 rules that universally can apply to. https://leofinance.io/@xuanling11/dao-the-way-part-7
@xuanling11
Discord Scams Discord is the main channel for Web3. Many people virtually hand out in Discord nowadays and chat through many channels. Scammers are also hidden there and wait for rug-pulling users. TL;DR I will show you 3 common Discord scams and how to avoid them. Common Scams There are 3 common scams in Discord. Ask for the invitation, Provide help, and Promote products. Ask for the Invitation It is a common direct message received from an unknown person. They usually…
@xuanling11
Scams in Discord are everywhere. Here are 3 common scams that you can prevent. https://leofinance.io/@xuanling11/discord-scams
@xuanling11
⚠️Scam: massive scam tokens in BSC Reason scam: scam tokens created massively and deployed in major exchange platforms Scam types: scam token, rug pull potential #scam #alert
@xuanling11
DAO The Way Part 8 In part 8, let’s discuss Barriers to Entry in DAO. TL;DR I show 4 different categories of DAOs and each DAO with their level of Barriers of Entry. Why Barriers to Entry To design your DAO, you have to think about what goal your DAO wants to accomplish. There are 4 general categories to reach the goal through building a DAO: product, project, service, and mission. From these 4 general categories, one can decide barriers of entry to tailor down into DAOs.…
@xuanling11
Here is my thought about DAO Barriers of Entry. How do we categorize DAO can help people to participate in their DAO journey. https://leofinance.io/@xuanling11/dao-the-way-part-8
@xuanling11
My substack newsletter is back! They made an error and mark me as spam. LOL https://xuanling11b80.substack.com/
@xuanling11
⚠️Scam: Let’s Go Brandon Reason scam: scam tokens to rug pull participants Scam types: scam token, rug pull potential #scam #alert
@xuanling11
Learn How To Defi Part 2 Let’s continue learning Defi in part 2 and also reference my Notion page here. https://xuanling11.notion.site/DeFi-Learning-8e04676501e547cba5c09334d866d26c TL;DR Here is the layout: CeFi vs. DeFi How to determine Defi? DeFI Infrastructure Blockchain and Cryptocurrency Before Bitcoin (Pre-2008) Before Defi (Pre - 2013): Proof of Work (PoW) vs. Proof of Stake Defi (2013 - Present) CeFi vs. DeFi CeFi is permission, custodial, centralized trust and…
@xuanling11
Let's learn Defi and check part 2! https://leofinance.io/@xuanling11/learn-how-to-defi-part-2
@xuanling11
Learn How To Defi Part 3 Let’s continue learning Defi in part 3 and also reference my Notion page here for more details. https://xuanling11.notion.site/2-Blockchain-Technology-in-DeFi-cc6e8098c2744865aebb93359ef10f90 TL;DR One of the most popular blockchain applications is the cryptocurrency Smart Contract Ether Gas Fee Ethereum Request for Comments (ERC) Oracles Stablecoins Decentralized Applications (Dapps) Decentralized Autonomous Organization (DAO) How DeFi provide…
@xuanling11
Here is part 3 of the DeFi study note! https://leofinance.io/@xuanling11/learn-how-to-defi-part-3
@xuanling11
⚠️Scam: JP Morgon Token Reason scam: scam tokens to rug pull participants Scam types: scam token, rug pull potential #scam #alert
@xuanling11
DAO The Way Part 9 Let’s talk about leadership in DAOs. What leadership if you decentralized and led by no one? And how can you lead without a title or power that is pre-assigned to you? TL;DR Leadership is tricky and what decentralized leadership is like? Apart from centralized leadership that automatically grants you as a leader, decentralized leadership actually focuses on how to centralize people and gather them together to collaborate. Leadership Dilemma One of the…
@xuanling11
If DAO is decentralized, how be leadership can carry out in the decentralized organization? Check out my article https://leofinance.io/@xuanling11/dao-the-way-part-9
@xuanling11
Learn How To Defi Part 4 Here is part 4 of the Defi guide and you can reference the detail here. https://xuanling11.notion.site/3-TradFi-Traditional-Finance-or-CeFi-a7aa893124054a05831489c8e2e2127c TL;DR What is TradFi or CeFi Problem of TradFi Traditional Finance Vehicles Stock Stock is rigged Bonds Bond is rigged Mutual Funds/Index Funds/ETF Mutual fund is rigged Index fund is rigged Bank Products Savings Accounts/Money Market Accounts/Certificates of Deposit (CDs)/Federal…
@xuanling11
Defi guide part 4 is coming! You like CeFi, maybe you want to rethink again. https://leofinance.io/@xuanling11/learn-how-to-defi-part-4
@xuanling11
DAO The Way Part 10 In part 10, let’s talk about DAO toolings. TL;DR Tools are important but under or over tools are a disaster to DAOs. Your team will go through a process to filter the one you want to work on and add along with the one to increase its capacity. Work in Agile The key difference between Agile and other delivery methods is that Agile is a trial and error process while rolling out products at the same time. The most effective team is a small team size that…
@xuanling11
DAO Tooling is a hot topic, but too many tools are just as bad as too few tools. After all, it is a process of trial and error. https://leofinance.io/@xuanling11/dao-the-way-part-10
@xuanling11
⚠️Scam: MTK Token marketing scam Reason scam: marketing scam to ask for a contribution and suspicious swap Scam types: scam token, rug pull potential #scam #alert
@xuanling11
⚠️Scam: Disney Token Reason scam: there are many scammers with companies’ names and to ride with hype to try to rug pull people Scam types: scam token, rug pull potential #scam #alert
@xuanling11
DAO The Way Part 11 In part 11, let’s talk about the DAO journey. Of course, every journey will be a different one, here is just my opinion about what the DAO journey will be like. TL;DR I think there are 4 different steps on the DAO journey: Play to Learn, Learn to Create, Create to Earn, and Earn to Teach. Play to Learn It starts with a play. Yes, just like a game. To familiarize yourself with DAOs, you need to just try and play with them. Don’t worry about making mistakes…
@xuanling11
Here is my own experience in the DAO journey. What do you think? https://leofinance.io/@xuanling11/dao-the-way-part-11
@xuanling11
OpenSea Phishing OpenSea has experienced a phishing scam. Such an attack hooked over 640 ETH in assets from 32 users with the label Fake_Phishing5169. TL;DR The OpenSea phishing attack has a lesson learned to us. Should we still want a company to provide free service for us or should we find another alternative who can really provide free service in Web3 vision? Phishing Attack It appears that Wyvern contract is a loophole for attackers to enter previously saved transfer…
@xuanling11
Published my article about OpenSea handles hack incidents. Denial in Web3 will not go to work and the reputation will go down with it. https://leofinance.io/@xuanling11/opensea-phishing
@xuanling11
⚠️Scam: #Raptor2 Reason scam: 0xdaa5e5692f24b0284cbd9fb6fbe2ddc78bf4d34a has dumped $Raptor2 and deposited 855 BNB to TornadoCash. Scam types: scammer, rug pull #scam #alert
@xuanling11
Learn How To Defi Part 5 Here is part 5 of the Defi guide and you can reference the detail here. https://xuanling11.notion.site/3-TradFi-Traditional-Finance-or-CeFi-a7aa893124054a05831489c8e2e2127c TL;DR Commodity Futures Commodity Futures are rigged Insurance Insurance is rigged Housing Market Housing Market is rigged Crypto vs. Shadow Banks Commodity Futures The commodity price is stable to the general public but it fluctuates daily due to future markets with buying and…
@xuanling11
Here is part 5 of Defi guide here: https://leofinance.io/@xuanling11/learn-how-to-defi-part-5
@xuanling11
⚠️Scam: $KASTA Reason scam: Scam token that founder just rugged pull people. Scam types: scammer, rug pull #scam #alert
@xuanling11
Crypto Comics I tried to find a better way to learn new things since the crypto space has evolved so much faster than ever! TL;DR Knowledge is evolving faster than ever in the crypto space. Finding a better way to capture knowledge is a way to help people stay informed. The comic is one way that can help to capture the knowledge. Rapidly Changing Crypto World Standing still is the fastest way of moving backwards in a rapidly changing world. - Lauren Bacall Crypto space…
@xuanling11
Here is my idea about crypto comics. https://leofinance.io/@xuanling11/crypto-comics
@xuanling11
Crypto Comics - PoW I tried to explain Proof of Work in comic strips. TL;DR I explained my thought process of how I create a Proof of Work comic. Limited Space I found it difficult at first to explain such a complex idea in a few pictures with limited sentences. By selecting the core idea about Proof of Work, I may be able to explain the concept in a very simple way while I reach the core idea. Proof of Work The idea is a decentralized way to meet consensus through working…
@xuanling11
Check out my first issue of the crypto comic! https://leofinance.io/@xuanling11/crypto-comics-pow
@xuanling11
⚠️Scam: $MEANCARROT Reason scam: Scam token just rugged pull people. Scam types: scammer, rug pull #scam #alert
@xuanling11
⚠️Scam: ETH Fan Token Reason scam: Scam token will rug pull people. Scam types: scammer, rug pull potential #scam #alert
@xuanling11
Crypto Comics - Who is Satoshi I tried to explain Who Satoshi is in comic strips. TL;DR I explained my thought process of how I create a Satoshi in a comic. Some Takeaway What we know is that Satoshi is the Bitcoin white paper creator and possibly a creator of Bitcoin. He or she or a group of people were actively prioritized in 2012 after releasing Bitcoin in 2009. We knew that Dorina Nakamoto is not the real Satoshi after the real Satoshi posted a claim in 2014 about…
@xuanling11
Another comic is coming. Who is Satoshi? It is an ongoing debate. https://leofinance.io/@xuanling11/crypto-comics-who-is-satoshi
@xuanling11
Crypto Comics - What is Token I tried to explain what Token is in comic strips. TL;DR I explained what the token is and how the comic can present the idea in such a way. Some Takeaway The idea of a token is similar to cryptocurrency or cryptoasset. Only the difference is that the token refers to Bitcoin and Ethereum. They are more toward cryptocurrency that particularly runs on the top of the Ethereum blockchain. Altcoin and token may be interchangeable depending on if such…
@xuanling11
The new comic is out. What is Token then? Altcoin or token or coin?! https://leofinance.io/@xuanling11/crypto-comics-what-is-token
@xuanling11
⚠️Scam: SUP Token Reason scam: Scam airdrop token will rug pull people. Scam types: scammer, rug pull potential #scam #alert
@xuanling11
Crypto Comics - What is DeFi I tried to explain what DeFi is in comic strips. TL;DR I explained what DeFi can do and what the drawback of DeFi is. Some Takeaway The idea of a DeFi is contrary to traditional finance which is decentralized, transparent, pseudonymous, flexible and open to all. It is a financial service that runs on the top of blockchain. The technology helps the financial system run without third parties and it forces the system to become more efficient or it…
@xuanling11
Another comic is out, What is DeFi? https://leofinance.io/@xuanling11/crypto-comics-what-is-defi
@xuanling11
⚠️Scam: Multiple airdrop tokens Reason scam: Scam airdrop token will rug pull people. Scam types: scammer, rug pull potential #scam #alert
@xuanling11
Here is the new comic about what the wallet is. https://leofinance.io/@xuanling11/crypto-comics-what-is-wallet
@xuanling11
Crypto Comics - What is Wallet I tried to explain what Wallet is in comic strips. TL;DR I explained what Wallet can do and what the drawback of Wallet is. Some Takeaway The crypto wallet is software to connect blockchain to users. The wallet contains public and private keys. Public keys are similar to bank accounts, and private keys are similar to passwords. The wallet does not actually hold your crypto assets within the software. Instead, it is a browser to show where your…