What are Soulbound tokens?

Today, we’re going to talk about a unique type of NFT, the Soulbound token (SBT), which is issued only once and is permanently bound to a single blockchain address.

An SBT token cannot be transferred or sent to another blockchain address, and only the owner of the address has access to it.

The non-transferable token is a prime representative of Web3 technologies. Although there are few real-world examples of SBT use cases, it could theoretically become a popular means for its owner to verify identity and other data.

For now, we can muse about its potential use cases: SBTs can be used as name certificates, passports, diplomas, ownership confirmation, various types of identity verification, and even for credit (for example, your entire credit history can be stored in a single SBT that will never leave your address).

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Not in a day, but definitely one day.

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Passively earn in crypto💰
⠀
Today we will touch on methods of passive earnings in crypto. Let's get started!

We will talk about such methods as farming and steaking.

👀It is worth saying that for proper earnings you should have a good bank and learn to choose reliable sites with good APR/APY. Don't forget about hacks, compare all risks and don't invest all your money.

🧐At first many people may not understand the difference between APR & APY, we will tell you everything in simple language. APR is the annual percentage rate, for example, you invest 1.000$ in an Asset with 15% APR. So in one year you will have $1,150, in two years $1,300, etc.

🟢APY is the annual percentage yield, compound interest, which is immediately added to the body of the investment. With the same 15% you will earn much more, but the interest differs depending on the accrual period.

🟢Also, don't forget about TVL (Total Value Locked). This is a metric that can be used to determine the amount of locked cryptocurrency on the platforms. The more such assets, the higher your returns will be.

⚡️Let's get to the main point.

📉Farming is one of the main advantages of the DeFi sector. In simple words you take one asset, add another one and place them for farming in order to get tokens from the protocol. Typically used to attract and retain users.

🙌Staking is analogous to rewarding miners. You invest coins and get rewarded by the network itself. In simple words, payment for work and maintaining the stability of the network/protocol.

❔Do you use methods for passive earnings in crypto?

👍 - Yes
👎 - No

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Once I was rejected by my looks, now I'm accepted by my status.

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🚀🥇 $779 billion asset manager AB Bernstein says the approval odds for a spot Bitcoin ETF has risen.

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📈What are the most popular cryptocurrencies in the world?

Crypto newcomers are always interested in the answer to this question🤔

The top 5 cryptocurrencies by market capitalization are:

▪️ Bitcoin 💰
▪️ Ethereum 💰
▪️ Tether 💰
▪️ BNB (the native cryptocurrency of BNB Smart Chain)💰
▪️ USD Coin 💰

Bitcon’s market cap is far above those of the next four coins—combined (even more than the top 15 biggest cryptocurrencies in the world)📊

This specific data point reinforces Bitcoin’s importance and why it is considered digital gold.

💭However, these rankings are never set in stone; coins move up and down almost daily. To stay up-to-date with the world’s most popular cryptocurrencies, you can visit CoinMarketCap.

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The main kinds of cryptocurrencies

Depending on how you look at it, cryptocurrencies can be divided into two to 10 categories.

Today, we’ll go over the three most common cryptocurrency categories:

1. Bitcoin 💰

The world’s first-ever cryptocurrency, Bitcoin (BTC) was created by the pseudonymous entity Satoshi Nakamoto. It’s the most popular crypto in the world and has already become a household name. Its market capitalization is higher than its next closest competitor, Ether (ETH), by 2.5 times.

2. Altcoins 💰💰💰💰💰

Traditionally, all cryptocurrencies that were created after Bitcoin are called altcoins. Examples of altcoins include Ether (ETH), Litecoin (LTC), BNB (BNB), and Cardano (ADA). Developers and teams create altcoins to explore their endless possibilities and functions unavailable on the Bitcoin network.

It’s worth noting that Bitcoin’s market capitalization is equal to all other altcoins in the top 20 combined—another aspect showing Bitcoin’s dominance in the crypto market.

3. Stablecoins 💰💰💰💰💰

These are altcoins created to hold a stable value. Stablecoins are usually backed by a fiat currency (or other cryptocurrencies sometimes) to keep their price at $1.  Some of the most popular stablecoins are Tether (USDT), USD Coin (USDC), and Dai (DAI), whose value is always equal to 1 United States dollar.

Stablecoins have become a convenient option for international money transfers, money settlements, and locking in profits among investors and traders.

However, please note that no stablecoin is guaranteed to keep its peg to the U.S. dollar; stablecoins can also crash and lose their value (case in point: TerraUSD). Therefore, stablecoins also carry their own set of risks.

💭Of course, there are many more cryptocurrency categories — e.g., utility tokens, privacy coins, and governance tokens, to name a few. We’ll discuss these in a future post.

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Everybody loves you until you become competition.

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🇪🇺🥇 Europe launches first spot Bitcoin ETF.

In what is certainly an important moment for the industry as a whole, Europe has launched its very first Spot Bitcoin ETF. Called the Jacobi FT Wilshere Bitcoin ETF, the service is in regulatory compliance with the Guernsey Financial Services Commission (GFSC) and has been listed on Euronext Amsterdam two years after its approval.

👉🏻 This is monumental news and is likely to positively impact the case for a US Bitcoin Spot ETF as well ⚡️

It's only a matter of time before the BlackRock Bitcoin Spot ETF gets approved 🚀

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Trust is a dangerous game.

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⛓Tron - is the most used blockchain in the world when looking at networks through the number of active users

Tron has 1.08 million users, bitcoin network is actively used by 917,123 users, Ethereum lags behind almost 3-4 times (319,648 users)

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Be a good person but don't waste your time in proving it.

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