Strong Coin is not a good investment at all. Full stop. If you are thinking “mmmm…maybe I will become rich. Maybe it’s reached the bottom” smack yourself in the face. “Bu…But …This chick on YouTube says she made so much money”. OK, firstly, YouTubers create content that people want to watch. If the title says […]
What is defi and what are some key projects you should know about in this space?
Defi stands for decentralized finance and refers to projects that aim to democratize financial access and remove central intermediaries such as banks and companies. The vision is similar to that of a cooperative: an entity that people own and operate.
The difference with Defi is that technically no one owns the projects and no one operates it. Defi protocols run on their own. A community of supporters continue to upgrade the code. They do this either on a voluntary basis or in return for a reward that everyone agrees on.
Defi came about as soon as Ethereum emerged. The smart contract functionality that Ethereum offers allows anyone to build a protocol on top of it that acts according to specified rules.
For example, you could create a lending and borrowing protocol such as Compound or a stablecoin protocol such as DAI.
Projects usually start off as projects with central teams. A VC will often invest in and sponsor the project. Sometimes Defi projects bootstrap funding through an ICO or IDO (initial discord offering). Once the project kicks off, the founding team distributes governance tokens to active community members.
Communities of supporters gather on Twitter, Discord and Telegram. At this stage the project is considered decentralized. It is important to cross check this by looking at the governance structure and what proportion of tokens the core team still retains.
The only way to really understand this space is to dive into some of the projects.
Check out key Defi protocols below
You can buy Strong coin on any of the following exchanges. Kucoin Gate.io Uniswap v2 Latoken Bitrue It was super easy to find these. All I did was search for STRONG on coinmarketcap.com. When you scroll down it tells what exchanges a token trades on. It looks like this: All of those exchanges, apart from […]
There are 7 main reasons why Strong coin has been constantly plummeting since November ’21 and they are all interrelated. I don’t see this downward trend breaking unless the StrongBlock team addresses the last 2 of these. So let’s take a look at the main factors driving Strong coin’s cascade. I will list them here […]
In this article I will examine wether Strong Coin is a legitimate protocol. On the one hand you have detractors who claim that Strong coin is a ponzi scheme that has been swindling people’s money. On the other hand you have promoters who believe that Strong Coin is a bona fide project with future upside […]
In this article I will walk you through all there is know about Strong Coin. What strong coin is. How the whole thing works. How Strong is transitioning to Stronger. And why people are so unhappy with it right now. So unhappy to the extent that strongblock.com, the company behind Strong coin, have turned off […]
To mine STRONG coin you need to put your money into a pool of assets. From there on you earn rewards for doing so. As of August 2022 rewards range from 9-40%. Before you start mining STRONG coin there’s a few things I would like to bring you up to speed with. First of all […]
No, DAI crypto is not a good investment. Not in the traditional sense in any case. DAI crypto is a stablecoin whose value is pegged to that of the US dollar. This means that 1 DAI will always equal $1. So if you invest your money in DAI you cannot expect the value of this […]
What is DAI crypto and how does it work you ask? Are you sitting comfortably? Good, let’s start from beginning. Picture this: a Danish dude is sipping a warm cup of green tea while he mentally prepares to give his first English lesson to a class of Chinese students in Beijing. The year is 2009. […]
What is Uniswap? I knew Uniswap was an important component of the whole DeFi story. I just didn’t realize how important it was until I started digging deeper. Uniswap is the Original Gangster of decentralized apps and its story is the story of DeFi. If you want to understand DeFi then you need to understand […]
Watched a bunch of videos but still don’t get Yearn Finance? You have come to the right place my friend. I will walk through what Yearn Finance does and how it works step by step. Read on for an in-depth, but simple, explanation without any of the tech or crypto jargon. 1. What is Yearn […]