Did Aleo launch the mainnet in the early morning of September 5? No, it's just a testnet
This morning, Aleo launched the mainnet beta version and launched the genesis block. Many people think that this is the official launch of the Aleo mainnet. In fact, it is not. This is also just a testnet, but its genesis block launch and blockchain operation are in accordance with the standard requirements of the mainnet. But there is no doubt that it is just a testnet, not the mainnet.
Many people think that the current beta version of Aleo will become a real mainnet during testing like Fil, so many people are anxious to start deploying machines to start mining, but I think it is unlikely, because the data of the original Fil testnet launch were all based on real data, and we can see from Aleo's block browser that its data are all messed up, not based on real data.
970 million staked, only 110,000 staked by the validator, and only 52 certifiers. These data are obviously false. You should know that one validator needs to stake 10 million. Aleo is so popular that there can't be only 52 certifiers. I won't say more. You can go and see for yourself. Of course, this is just a personal analysis, not absolute. Maybe it's not impossible to become the main network. It depends on the project party. But I think the probability of directly becoming the main network is very small, but now it's just a test network, not the main network. This is certain.
Now the market is not good, you can take advantage of airdrops. LSP is a node liquidity slicing protocol, which can sell the locked coins in advance on LSP. For example, when the Aleo mainnet is launched, some institutions and other people have to lock up coins for a year before unlocking them. They can be connected to LSP for early sale and cashing. As long as it is lower than the market price, there are people who buy it. The locked coins can be sold in advance for cash, and investors can buy the locked coins at a price lower than the market price. It is a win-win for all parties. This is a brand new market with great value. If you are interested, copy https://app.lsp.network/#/?invite=0x1f562d5b4a5abfa7e5cc3772a4288d8f2f809d93 and open it in the Web3 wallet. You only need a little ETH on the Arb chain to do GAS and sign in every day. The points earned by signing in can be exchanged for tokens when LSP goes online. If you are not satisfied with just signing in to get points, you can read my previous article if you want to get more points and more information about LSP.
3 Reasons Why the Market Slumped, and Why the Crypto Bull Run Isn’t Over
The crypto market has plummeted in recent days, especially yesterday. There are three main reasons for this: the first is Japan's interest rate hike, the second is the poor U.S. non-farm data, and the third is Buffett's reduction of Apple holdings, which has caused speculation that the United States is about to enter a recession, so both the currency market and the stock market have fallen sharply. But I don't think we need to worry. This kind of decline is unsustainable. It will probably end in the next few days. A major recession in the United States is unlikely to happen. After all, Goldman Sachs has only raised the probability of a recession in the United States from 10% to 25%. There is still a 75% probability that there will be no recession. There are also means to cut interest rates when interest rates are high. Moreover, the United States is a superpower and it has many means to divert crises. So I think this round of crypto bull market is not over yet. As long as we hold high-quality currencies, we don't need to worry about a big drop. Just bear it. Don't think about selling at a high price and buying it back at a low price. The more you do, the more mistakes you make. No one knows how much it will fall? When will it fall? Many people who do technology say that the head shape has come out now, but what I want to say is that the technical shape is not worth mentioning in front of the fundamentals.
LSP started internal testing less than a week ago, and today the number of registered users has exceeded 200,000
LSP is a node liquidity slicing protocol. We all know that after staking tokens on a node, there is a lock-up period. During this period, the tokens we stake cannot be withdrawn or sold. The common practice in the market now is to issue a sub-coin, but LSP is not. It directly slices node liquidity, that is, the node needs to be connected to LSP, and the tokens staked on the node can be bought and sold directly like on an exchange without affecting the node's income rights.
In addition to the nodes, we all know that a project is financed in the early stage. The institution gives money to the project party, and the project party gives the institution a certain amount of tokens, but these tokens usually have a certain lock-up period and release regulations. After the lock-up period, they can be released according to the release rules and the institution can sell these tokens. But through LSP, the institution does not need to touch these coins, and can directly connect to LSP and sell the tokens in advance, and realize them in advance without any sound.
Do you see the value of the LSP project? The prospects are broad. Now it has just started the internal test, and participation is only by invitation, but even so, in less than a week, the number of registered people has exceeded 200,000. Many projects have less than 200,000 people, while LSP has more than 200,000 registered people in less than a week, and it is still in the internal test period.
Now the project party will take out 5% of the tokens, that is, 50 million tokens, to reward users who participated in the internal test in the early stage. According to uncertain market news, LSP is likely to be listed on Ouyi, and is striving to be the first to be listed on Binance. 5% of the 50 million tokens are worth 100 million to 500 million. Now you can only participate by invitation. Copy https://app.lsp.network/#/?invite=0x1f562d5b4a5abfa7e5cc3772a4288d8f2f809d93 and open it in the Web3 wallet. TP, imToken, and Ouyi Web3 wallets are all OK. Connect the wallet, click on the points, and sign in every day to participate in the airdrop. Signing in only requires a little bit of ETH on the Arb chain to do GAS to get airdrop points. Points can be exchanged for airdrop tokens later. After a few days, you can also participate in the profit sharing of the LSP platform through the points obtained by staking. All the income of the LSP platform is distributed to those who participate in the points staking.
Action is worse than action. Hurry up and sign in!
The following picture shows the three member information of LSP
The first way: Everyone will be rewarded with 980 points when they connect to the wallet for the first time. This reward is only once. It will be automatically credited to the account after the first connection to the wallet. No other operations are required.
The second way: Check in every day to get points. Check in on the first day to get 100 points, check in on the second day to get 200 points, and after the seventh day to get 700 points. This check-in requires contract interaction with the wallet, using the Arb chain, so our wallet needs to switch to the Arb chain, and the Arb chain requires a little ETH for GAS, which is very little. Check-in is refreshed at 8 am Beijing time every day. You need to check in every day, otherwise the active value will drop, which may affect the ratio of points to tokens.
The third way: Buy a sell order with a token value of more than 100U on the LSP platform, and get 7,000 points. This is only rewarded once a day.
The fourth way: The first sell order with a value of more than 100U on the LSP platform every day will be rewarded with 1,400 points. You will get it when you place an order, and you can withdraw it after placing the order, which will not affect the points.
Fifth: Selling an order with a value of more than 100U on the LSP platform will reward 7,000 points, which is also only rewarded once a day.
Sixth: Entrust tokens on the LSP platform for staking, the value must be more than 10U, and 7,000 points will be rewarded, which is also only rewarded once a day.
Seventh: Recommendation reward points, the recommender can get 10% of the points reward of the recommended person.
LSP has just started internal testing these days, and will be listed in about half a year. The airdrop reward is 5% of the total tokens, 50 million tokens. Now it can only be participated by invitation. Those who are interested can copy https://app.lsp.network/#/?invite=0x1f562d5b4a5abfa7e5cc3772a4288d8f2f809d93 and open it in the Web3 wallet to participate. TP, imToken, and Ouyi Web3 wallets are all OK.
By the way, be careful when you are playing with wool, and you will check witches.
LSP, a project with a market value of 10 billion yuan, simply signs in every day and earns thousands to tens of thousands of U
This project is called LSP. This project has been favored by many project parties and institutions. According to what we learned from the LSP project party, they are at least listed on Ouyi, and are now actively communicating with Binance to strive for the first listing on Binance.
The LSP issuance volume is 1 billion, and 5% is taken out for airdrop, which is 50 million, worth 100 to 500 million US dollars, which is very considerable.
It is very simple to obtain airdrop tokens. Just sign in every day. Signing in will earn points. The points will be exchanged for tokens before the tokens are listed. It has just started internal testing and will be listed in about half a year.
Now start the airdrop tutorial. First, copy the following link and open it in the Web3 wallet. TP, ImToken, Ouyi Web3 wallet are all OK. https://app.lsp.network/#/?invite=0x1f562d5b4a5abfa7e5cc3772a4288d8f2f809d93
By the way, the wallet needs to be switched to the Arb chain. Charge one or two U of ETH on Arb as GAS fee, which is needed for signing in.
After entering LSP, it is in English by default. Click the three bars in the upper left corner, and then click the option at the bottom to switch to Traditional Chinese.
Then click Connect Wallet to connect the wallet. After connecting the wallet, click the Points option to sign in.
You must sign in every day, otherwise the activity will decrease, which will affect the ratio of points to tokens. Now it is the internal test base stage, and you must invite a connection to enter. If you have the ability to promote, you can promote and invite others, and you can get 10% of the points reward of the promoter.
Now we have just started internal testing, and it will be launched in half a year. From now on, it is not a problem to sign in every day, and it is not impossible to get a few hundred U. If you are lucky, it is not impossible to get one or two thousand U. If you have the ability to promote, it is not impossible to get thousands or tens of thousands of U by recommending some people.
By the way, as a reminder, don't use multiple accounts to play, one mobile phone and one account are enough. The project will be connected to the anti-witch later, and time will be wasted if you are witched.
Leave a message if you have any questions, I will answer them when I see them. If you have the ability, you can recommend more people, I believe you will not be disappointed. By the way, the 10% point reward is only for the people you recommend, there is no multi-generation reward.
Good coins cannot be held, bad coins are beaten every day
After buying coins, I sell them as soon as they go up a little bit, fearing a pullback. I would lose that little bit of profit and wouldn’t be able to hold on to the coins at all. After buying the currency, the price fell, but you held on to it and refused to sell it, thinking that the price would go back up. You made a wrong decision and did not correct it, and just watched the price fall. These situations have continued since I entered the cryptocurrency circle. It has been slightly better in the past year, but it still happens from time to time. These situations result in us only making small profits when we earn money, but losing money is a big loss. I believe many of my friends have encountered these situations. So what should we do to reverse the situation and make sure we only lose a small amount of money when we lose and make a lot of money when we make money?
Cognitive awakening does not mean that you can make money
Cognitive awakening means being able to think independently. When facing a problem or a matter, you have your own thinking and insights, instead of just following what others say and doing what others arrange without any thinking of your own.
From not thinking about anything to having your own thinking, this is a big breakthrough, which many people cannot break through. Most people just go with the flow and live step by step according to the way others arrange.
Having your own independent thinking, regardless of whether this thinking is right or not, being able to think independently is the most important step to understand the true meaning of this world, and the closer the thinking is to the correct truth, the higher the cognition, and improving cognition is to improve the correctness of thinking about problems and things.
It is very painful to have cognitive awakening but no money. When there is no awakening cognition, it will not be very painful to have no money. At most, you will live numbly, because most people are similar. But when cognition is awakened, you start to think, understand some truths of this society, but you are struggling at the bottom, this pain is really uncomfortable.
Making money is not enough for cognitive awakening, but also requires unity of knowledge and action, plus a little luck. Learn more real knowledge, learn to distinguish and stay away from useless or even harmful knowledge, learn and understand the truly useful knowledge, and practice it to achieve unity of knowledge and action.
Knowing is not easy, doing is even harder, and unity of knowledge and action is even harder. Knowing does not necessarily mean you can do it. Many people know a lot of great principles, but they just don't do it, or they do it at a discount, because most of the truly useful great principles are against human nature, it is not easy to do it, and even if you do it, you may not achieve the expected results, so you need a little luck.
There is also a long way to go from cognitive awakening to making money, which can be as short as two or three years, as long as six or seven years, or even ten or twenty years. This process is long and difficult, and pain is common, but you must persist. It is not easy to find the right path, and it is equally difficult to succeed on the right path.
As of 11:00 on June 4, 2024, the total market value of cryptocurrencies is 2.56 trillion US dollars, of which Bitcoin accounts for 53.17%, more than half of the total market value of cryptocurrencies, Ethereum accounts for 17.68%, and Bitcoin and Ethereum account for 70%. Other cryptocurrencies account for less than 30%. It can be seen that Bitcoin is undoubtedly the leader in cryptocurrency.
Bitcoin is an investment asset. Investment is investment. Don’t confuse it with safe-haven assets. If you really buy Bitcoin just for safe-haven assets, I believe that not only will you not avoid the risk, but you will also lose your money.
Bitcoin has cyclical nature. In the past, the market value of Bitcoin was small, and its rise and fall were mainly affected by emotions. Now the market value of Bitcoin is very large, and its rise and fall are affected by currency liquidity. If there is a lot of money in the market, it will rise, and if there is less money in the market, it will fall.
The only recognized safe-haven asset is gold. Think about it, if there is a major turmoil, the electronic infrastructure will be destroyed, and Bitcoin relies on electronic devices. Electronic devices can no longer be used. I believe that at that time, even if Bitcoin does not return to zero, it will definitely not have much value.
Trump-themed MEME coin MAGA (TRUMP) has risen more than 2,000 times since its launch in 2023
Trump-themed MEME coin MAGA (TRUMP) has risen more than 2,000 times since its launch in 2023, from the lowest point of 0.00779 to the current price of 17.1. To be precise, it has risen by more than 2,000 times, 2,195 times, nearly 2,200 times. This is a miracle completed in 10 months. Of course, the currency circle is not short of miracles, and TRUMP is just one of them.
This miracle makes cryptocurrency extremely desirable. The financial technology company Triple A recently released a report entitled "Global Cryptocurrency Ownership Status in 2024", saying that the number of global cryptocurrency holders reached 562 million, accounting for 6.8% of the total population. The number of cryptocurrency participants has been increasing rapidly. Now the cryptocurrency market is a bull market, and various parties have successively accelerated the inflow of personnel through cryptocurrency ETFs.
The wealth of the cryptocurrency market is desirable, but we cannot lose our way. We must always remember our original intention. We are here to invest and make money. But many people lose their rationality once they come in, invest blindly and buy randomly, and eventually lose all their money. They can only contribute to the development of blockchain and become that GAS. After all, if some people make money in this market, some people will lose money. If some people make a lot of money, some people will lose a lot, or many people will lose money.
My general view on NFT is not to participate. I will just eat melons when I should. I can watch the excitement, but I won't participate. As for the reason, I can't see any value in NFT at this stage. I haven't found any practical applications and I can't grasp it, so I don't participate. This is the best choice in my opinion. Although I can't participate in the wealth feast of NFT to make money, at least I won't lose money.
However, it doesn't mean that NFT is worthless. I can say with certainty that NFT is very valuable, very valuable, but its value cannot be realized at this stage. Now NFT can only rely on copying and playing the game of who runs faster. The faster runners get meat to eat, and the slower runners who take over the baton don't eat soup, and they have to pay for their own bowls. I think I can't be a fast runner, so I don't participate. Of course, this non-participation is just not participating now. When NFT is valuable in the future and there is money to be made, I still have to participate. After all, why not make money if there is money to be made.
[May 31] PEPE has the largest increase in the top 100 cryptocurrencies by market value this month, with a 30-day increase of 142%.
As of 16:00, PEPE has the largest increase in the top 100 cryptocurrencies by market value this month, with a 30-day increase of 142%, ranking 21st in the market value ranking, with a market value of 6.2 billion US dollars.
The second largest increase is JASMY, with a 30-day increase of 98.16%, ranking 62nd in market value, and a market value of 1.5 billion US dollars; the third is FLOKI, with a 30-day increase of 74.75%, ranking 48th in market value, and a market value of 2.4 billion US dollars.
The worst performance is PYTH, with a 30-day drop of 16.27%, ranking 67th in market value, and a market value of 1.4 billion US dollars; the second worst is SUI, with a 30-day drop of 7.66%, ranking 49th in market value, and a market value of 2.3 billion US dollars. The third worst is W, with a 30-day drop of 5.12%, ranking 86th in market value, and a market value of 1 billion US dollars.
Bitcoin's 30-day increase is 19.35%, and Ethereum's 30-day increase is 30.75%. Because the Ethereum spot ETF in the United States has been approved, although it has not yet started trading, Ethereum has also ushered in a good wave of growth. BNB's 30-day increase is 8.72%, and SOL's 30-day increase is 38.85%, which is very impressive.
Overall, the cryptocurrency market performed well this month. Although there was no overall surge, most currencies had a good increase, which is much better than April. What do you think?
It's the 31st, the last day of May, and tomorrow will enter June. I feel that I haven't accomplished anything and have gained nothing. A month has passed in a daze. It's another time-wasting and meaningless month. Does life need meaning?
Binance Megadrop Phase 2 Lista Web3 Task Detailed Completion Tutorial
The second phase of Binance Megadrop project Lista officially started at 8 am this morning. Below is a detailed completion tutorial for its Web3 tasks. 1. Enter Binance Megadrop and click Lista
2. Click Lista to enter and scroll down to the bottom. Click on the task to complete the Web3 task.
3. After entering, click the button in the lower right corner to start
4. After entering Lista DAO, click Connect Wallet, or click Connect in the upper right corner.
5. Click to select Binance Web3 wallet
6. After connecting your wallet, click on pledge
7. After the jump, enter the amount 0.01 in KuangKuang, and then click Stake in the second step
Mt.Gox, once the largest cryptocurrency exchange, transferred more than $9.6 billion worth of Bitcoin in one day
Mt.Gox transferred 141,604 Bitcoins in one day, with a price of more than $9.6 billion. Many people are worried that Mt.Gox will dump the market, causing Bitcoin to plummet, but the former CEO of Mt.Gox assured that Bitcoin will not be sold in the near future. Although Bitcoin has fallen, it is not much.
Mt.Gox was once the largest cryptocurrency exchange. It went bankrupt due to a hacker attack in 2014. In October 2022, it opened creditors to register claims. In January 2024, it announced that it would begin to unlock Bitcoin to repay creditors. These more than 140,000 Bitcoins transferred are part of Mt.Gox's compensation plan. The custodian is transferring Bitcoin to different wallets to prepare for possible distribution this year.
My opinion on this matter is that there is no need to worry at all. If so many coins are to be sold, they should either be sold in bulk or slowly in the market, so as to maximize the benefits. If they are all sold quickly in the market, the price of Bitcoin will plummet, and the money that can be sold will be less. This does not conform to objective logic. Of course, it is not ruled out that Mt.Gox is out of its mind and sells directly in the market. In this case, if there is still money when the price plummets, just buy Bitcoin boldly.
My opinion on the Bitcoins currently held is to continue to hold them. If there is still spare money, it is okay to buy some Bitcoins now. There is no problem at all. Don't think about buying high and selling low, and don't think too highly of yourself, otherwise it is easy to fall into a big trap. #MtGox钱包动态 $BTC
Can reading investment books help us invest and make money?
Can reading investment books help us invest and make money? The answer is: No. Even if you read all the investment books in the world, I believe you will still be a loser. Making money through investment is not something you can learn by reading books, but you have to figure it out on your own. Take me for example. When I first started investing, I was obsessed with reading investment books. I read one after another. When I read, I thought: Wow, this book is great, wow, this paragraph is so right, wow, this chapter is so well written. When I read, I felt that I gained a lot. I felt that I could make money soon, be financially free, and become the god of investment.
I am only optimistic about MANTA among Ethereum's second-layer projects
Among all Ethereum's second-layer projects, MANTA is the only second-layer token I have bought and have been holding, although it is losing money now.
Why do I only like MANTA and only buy it among the second-layer tokens? This is because it uses zero-knowledge proof technology, that is, ZK technology. Some people may say that STRK also uses zero-knowledge proof technology, and it is better than MANTA in all aspects. Why don't you choose to buy it instead of MANTA?
That's because MANTA is the only second-layer project with zero-knowledge proof architecture that has enabled POS verification node mining. This is also the difference between it and other second-layer projects. Its zero-knowledge proof technology is more advanced and is more widely used.
At the same time, MANTA's current valuation and price are far underestimated in my opinion. Looking at the prices and valuations of other Ethereum second-layer projects, in my opinion, MANTA is not worse than them, or even better. It has technology and experience. The project team has done very successful projects, but it is not known to everyone and has deliberately not been promoted. It has financial strength and background. Not to mention that the project team has done two very successful projects invested by Binance, you can say that it lacks funds and background; publicity and work, just look at the announcements that are constantly issued to know that it is very good.
The newly launched CeDeFi product further demonstrates MANTA's outstanding innovation. This CEFI+DeFi (CeDeFi) combination strategy originally only served VIP customers of exchanges, and Manta Network brought these advanced strategies to the chain through cooperation with these institutions. In the bull market, through the CeDeFi ecosystem, users can not only increase the number of tokens in their hands, but also obtain multiplied U-based returns when the token price rises. Manta CeDeFi products have therefore become one of the few products on the market that can earn real currency-based returns, providing users with unique investment opportunities.
I am very optimistic about zero-knowledge proof technology. I believe that the next advancement of blockchain technology will be brought about by zero-knowledge proof technology. The second half of this bull market will definitely be a bull market driven by the narrative of zero-knowledge proof technology. #MantaRWA生态 $MANTA
For investment, it is recommended to do medium and long-term investment instead of short-term investment.
When it comes to investment, many people are obsessed with short-term trading, obsessed with short-term trading techniques, and even more so, they admire people who are good at short-term trading. However, there are only a few people who succeed in short-term trading, only one in a thousand, or even one in ten thousand, and all of these few who succeed in short-term trading are outstanding and talented people. However, even such people cannot always maintain success, and most of them also end up in tragedy. Only a few of them retire in time after their success, or change their strategies in time to do medium- and long-term investment, or directly use the money earned from short-term trading to start a business, open a financial company, and let themselves leave the short-term market.
What is the reALT token of AltLayer (ALT)? How will the price of ALT go in the future?
First of all, reALT is a re-staked ALT token. It is an automatically compounded ERC20 shared token that captures the user's ALT staking contribution and accumulates the compound rewards obtained. It is issued to users who stake ALT in the main staking pool.
With reALT, you can participate in multiple pools at the same time to maximize exposure and selection rate, and benefit from automatic compounding. Always keep reALT in your wallet, and you may receive official rewards in the future.
That's all for a brief introduction to reALT. If you want to know more, you can go to the official announcement for a detailed introduction. Let's talk about the price of ALT.
After ALT was listed on Binance, the price performance was very good. I believe everyone has experienced it, but the recent performance is quite bad. It is falling every day and setting new lows. From its daily chart, ALT is now in a downward trend and there is no sign of stopping the decline. $ALT #ALT再质押生态
Value investing: the symphony of price, actual value and time
Many people say that value investing is useless because they do not grasp the three core elements of value investing - price, actual value, and time, which together weave the colorful investment picture of value investing. First of all, price is the starting point of value investment and the factor that investors pay the most attention to. Price is a reflection of the market and is affected by multiple factors such as supply and demand, market sentiment, and macroeconomic policies. However, no matter how the price fluctuates, it always revolves around the actual value. The actual value is the intrinsic value of the investment target, which reflects fundamental factors such as the growth potential of the investment target. Investors can estimate the actual value of the investment target by deeply studying the business model and market prospects of the investment target.
Detailed tutorial on redeeming BTCB pledged by BounceBit (BB)
Many people asked me today how to redeem BTCB pledged by BounceBit (BB)? It’s very simple, just start the tutorial: ① Enter BounceBit and click Connect Wallet to connect your wallet.
②Click to connect Binance Web3 wallet
③ Select Request, then click Max for the amount, which is the total amount we pledge, for example 0.0001, and finally click Request Withdrawal
④Click to confirm the authorization contract interaction
Wait for the following success notification to appear
Then we have to wait for 4 to 18 days before we can enter BounceBit and click Claim to redeem the pledged BTCB.