Keep calm, Don't Panic!
Here we are going to tell you what to do when you enter the Cryptoverse
If you are starting in the Cryptoverse, Don’t Panic is your section…
Here you will find basic information for beginners, tutorials, tips… everything you need to gradually start in this complex but exciting world. We recommend you to be patient, and even if you don’t understand anything at first, take your time to learn… and little by little you will find your way through the Cryptoverse.
This section is hybrid, half paid content, half content sponsored by brands, exchanges or Protocols that want to help us by providing quality content.
Why crypto & some useful resources
So many are asking, why the hell should I get into crypto? There are a number of reasons, like the inflation produced by Central Banks and the failing of the Modern Monetary Theory and the fiat money… but, for now, let’s focus on your personal finances:
Now, first things first, let’s start by the basics…, here two posts that will help you throught your adventure trip through the Metaverse:
Introduction to Cryptocurrencies & DeFi
In this section we are going to explain the main Cryptocurrencies (do not confuse them with Tokens). We call Cryptocurrencies the native ones from L0/L1 networks, that is, of Blockchains… and we call Tokens the currencies of the Protocols (for example DeFi protocols) that these Blockchains use to host their smart contracts. The two main ones are Bitcoin and Ethereum.
What is Bitcoin and why is it a revolution? This article focuses on the monetary revolution that Bitcoin represents, without going into the technological disruption that Bitcoin represents, which has endless new applications.
What is Ethereum and why is it a revolution? Ethereum is the revolution of Decentralized Organizations, or DAOs, and is the foundation of decentralized finance (DeFi). Today it is the second largest Blockchain in the world, and there is a possibility that it will overtake Bitcoin in the coming months.
Let’s return back to basics, what is blockchain?
Blockchain basics: generally, it is difficult to understand a crypto project without first needing to learn numerous technicalities, protocols and complex terminologies, such as consensus mechanisms, tokenomics, AMMs, wallets, etc. A constant barrage of obscure topics causes potential new crypto investors, entrepreneurs or programmers to be overwhelmed and turn away from this huge emerging sector.
Once we know what Blockchain, Bitcoin and Ethereum are, the next step is to learn the great finance revolution that DeFi represents… the basis of everything that happens in the crypto world (except perhaps Bitcoin).
DeFi fundamentals: here we will explain to you the basis of what is happening in DeFi, which will probably end up replacing the current banking and financial system, especially once CBDCs (the “cryptocurrencies” of central banks) come into play.
DeFi 2.0, the future of liquidity: discover Bonding and Soft Bonding, because when you think you already know everything, suddenly all changes again… We will be attentive to DeFi 3.0 to tell you about it as soon as it happens. In the meantime, don’t miss the great innovation of Bonding.
Another key concept in the crypto world is Staking, a complex but very interesting concept, especially for holders… who still doesn’t know what a holder is?
Here we tell you about it:
Let’s get back to staking, here is an introduction about it:
Introduction to staking: the closest thing to staking in traditional finance would be a fixed-term deposit. Basically, you agree to leave your funds blocked for a while in exchange for an interest. In the crypto world, these interest rates usually range from 4% per year, to spectacular metrics such as 50% per year.
Now you are ready for the next level and start to create your own wallet… but probably still afraid of the volatility of cryptos that you are reading at the newspapers… but in DeFi we have a solution, the stable coins:
If you are wondering if you can actually use stable coins, just read the following:
Now, yes, we are ready to open our crypto-wallet and start having control over our assets…
All about wallets: what are they and how to use them.
Metamask: a tutorial to use one of the most popular crypto wallet.
Be careful however, soft wallets can be hacked… here we bring you info about hard wallets and how to use them, paying special attention to the most popular one:
All about Ledger: all you need to know to navigate safely in your crypto-journey.
An interesting topic that is trending in the crypto ecosystem is Airdrops, to get an idea, as if Apple had given away part of its shares to the first iPhone buyers. There are people who almost dedicate themselves to Airdrops and earn a lot of money, but beware, there are also scams and waste of time:
So far so good, if you have read everything and have started to practice, you are ready for the next post, one of the most interesting we have written, because in the crypto world, transparency is total and that allows you to track what others do, without a doubt Etherscan is one of the most powerful (and free) tools in the cryptoverse:
Web 3.0, GameFi and Metaverse
First things first…
It is important to notice that the revolution that blockchain introduces is not just decentralized finance, it goes beyond and it could represent a change of paradigm…
Probably one of the most important changes being introduced is the concept of DAO, Decentralized Autonomous Organization, where meritocracy and democrazy finally meet. In the post below we also introduce our Tokeners DAO 👇
Tokeners DAO is closely linked to a new and powerful concept:
Learn-to-Earn. A new model to promote the Education while generating robust communities.
No, the revolution that Blockchain introduces is not just in decentralized finance, it will have its impact in other areas, including laws:
One of the most interesting developments brought by DeFi is to discover new models for players (and game developers) to make money and share ownership of the games, welcome to Game Finance:
And finally, we are getting to the Metaverse… you’ve probably heard it several times now…
Metaverse: a second reality to scape.
NFTs
NFTs deserve a section in their own…
NFTs are revolutionizing digital property: they started as collections of avatars, then moved on to become digital art, game skins, spaceships in Star Atlas or lands in Decentraland… we could go on for hours and hours… but it is for the better that you read about them first:
NFTs; guide for beginners: collecting and NFT, two terms that should go hand in hand, the one without the other does not make sense. So much so that this movement could be described as “a new current, which arises as a result of the natural evolution of classic collecting and the fusion of blockchain technologies”.
Where to buy and sell NFTs: your first steps in this exciting world of NFTs… beware and try not to be fooled…
We will be updating this section continuously until it has everything you need to navigate alone, or at least to not get lost in this great and expanding Cryptoverse…
So, Tokener, make the most of your time, enjoy, walk and rest, read, share and don't hesitate a minute longer... 👇👇👇👇👇👇
And if you liked this post… Share it! Help spread the Cryptos!
We love to collect all opinions and points of view. Do you want to collaborate with us?
Disclosure:
The authors may own funds and assets mentioned in this newsletter.
beToken my Friend is a newsletter intended for informational purposes only. It is not intended to serve as investment advice. Consult your investment, tax or legal advisor before making any investment decision.
Advertising and sponsorship do not influence our editorial decisions and content. Third party advertisements and links to other sites where products or services are advertised are not endorsements or recommendations of beToken.
beToken is not responsible for the content of any advertisements, the promises made, or the quality or reliability of the products or services offered in any third party advertisements or content.