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CRYPTO UNIVERSITY
in this guide:
1. How to protect your investment using the security scanner results
2. UNDERSTAND BLOCKCHAIN TECHNOLOGY
3. IMPORTANCE OF token address
4. GLOSSARY: COMMON CRYPTO TERMS
5. PROs AND CONs OF CRYPTO investment
6. HOW TO BUY NEW CRYPTO TOKEN EARLY TO MAXIMIZE PROFIT
7. more to come...🚀
TOKEN SECURITY SCANNER RESULT
Sometimes you can buy a crypto token but cannot sell it; other times the token creator just takes all liquidity and run, leaving investors holding a bag of crypto token that worth nothing. It happens to newbies and seasoned crypto investors alike. That is why we offer you the Token Security Scanner to help reduce your risk of being scammed out of your money. This section explains what information you need to verify from the Token Security Scanner results before buying a newly-released crypto token. Â Use the rest of this guide for instruction how to use it.Â
In general, before you start investing in Crypto, we suggest reading the full guide including the sections titled Understand Blockchain, Token Address, Pros and Cons of Crypto Investment, etc.Â
đź”’In the screenshot below, we highlight the top 10 items to verify from the token security results. The first one is the Security Score. A token with a high security Click Here to Read the Full Guide…
UNDERSTAND BLOCKCHAIN TECHNOLOGY
You may be telling yourself “Why should I even know about Blockchain…I just want to buy some crypto.” Well, if you are going to buy and sell cryptocurrency which you cannot even touch or hold in your hand, it’s fair to say that you have to know where it will be stored once you buy it, how to protect it, how to use it, how to send it to other people for payment, how to move it around, and so on, correct? Right! So, you must understand Blockchain Technology Click Here to Read the Full Guide…
IMPORTANCE OF TOKEN ADDRESS
When someone creates a token, the blockchain automatically assign an address to that token. For instance, Shiba Inu (SHIB) Token was created under the Ethereum Blockchain, the blockchain automatically assigned the following address to SHIB: 0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce. That address is called Token Address and it is unique to SHIB. Think of the Click Here to Read the Full Guide…
GLOSSARY: COMMON CRYPTO TERMS
A
- Altcoin: Any cryptocurrency other than Bitcoin (e.g., Ethereum, Litecoin, Solana).
- ATH (All-Time High): The highest price a cryptocurrency has ever reached.
- ATL (All-Time Low): The lowest price a cryptocurrency has ever reached.
- Airdrop: The distribution of free cryptocurrency tokens to wallet holders, often for promotional purposes.
- Arbitrage: Taking advantage of price differences for the same asset across different exchanges to make a profit.
B
- Bear Market: A market condition where prices are declining over a prolonged period.
- BEP-20: A technical standard for fungible tokens on the Binance blockchain.
- Blockchain: A decentralized, digital ledger that records transactions in a secure, transparent, and immutable manner.
- Bull Market: A market condition where prices are increasing over a prolonged period.
- Burn: The process of permanently removing Click Here to Read the Full Guide…
PROs AND CONs OF CRYPTOCURRENCY: WHAT TO KNOW
The following are some of the pro and cons of investing Cryptocurrency:
1. Extreme Volatility
- Expansion: Cryptocurrency prices can fluctuate by double-digit percentages within hours, driven by factors like market sentiment, news, or whale activity (large holders moving coins). For instance, Bitcoin has seen price swings of over 10% in a single day.
- Mitigation Strategies:
- Use stop-loss orders to automatically sell at a predetermined price to minimize losses.
- Avoid over-leveraging in trades. High leverage can amplify losses in volatile markets.
- Diversify your portfolio to spread risk across multiple Click Here to Read the Full Guide…
BUYING XLAB COIN OR ANY CRYPTO TOKEN ON DECENTRALIZED EXCHANGES (DEX) Â
In this guide, we explain the general steps to buy crypto token early to maximize your investment. Further down, we also provide a specific step by step guide to help you buy your first token on DEX: The XLab Coin. Â
IMPORTANCE OF BUYING CRYPTO TOKEN EARLY ON DEXÂ
In cryptocurrency investment, 3 minutes can be the difference between making $100 profit and making $1000000 profit on your investment. Keep these two things in mind as we move forward: 1. Price of merchandizes always increases as demand increases. 2. The key to make profit in any investment is to buy low and sell high. For Crypto, that also means buy early before more people get in; then sell when the price goes up as more people are buying the token. The one and only way to buy crypto tokens early is to buy on Decentralized Exchanges (DEX). For example, let’s say you decide to invest $500 in the XLab Coin today on a DEX before it is listed on every big exchange where more people have access to buy it. Let’s say XLab’s current price is $0.0007 per coin. So, you will receive approximately 714,286 XLab coins. Then let’s say you hold XLab Coin in your wallet waiting for opportunities. A week later you look up and see that XLab coin is being traded at $0.007 per coin because it is listed on a Centralized exchanges (CEX) where more people now access to buy the coin, and more people are buying it. That means you will turn $500 into $5000 in one week. Here is another example: Â
An investor bought $1000 worth of SHIB token in 2020, then watched his money going up and down but did not sell. Between January 2021 and November 2021, SHIB’s price increased by about 14467432% as more and more centralized exchanges are listing the token, making it widely available for purchase. As a result, that investor turned $1000 into over 145 Million dollars in about a year. That is the importance of knowing how to buy Crypto token on Decentralized Exchange (DEX) before they get listed on big Centralized Exchanges (CEX). Â
But know this before you start investing in crypto: The price of a crypto token can drop as quick as it can increase. So, the rule of thumb is” Do not invest more than you can afford to lose.” Â
DISCLAIMER: Our services are not financial/investment advice. Invest at your own risk!Â
To read the full article about how to buy and sell XLab Coin on DEX, continue reading below or click here to open the PDFÂ
Credits:Â
By Jerome J: Â
Electronics Engineer, Cybersecurity Engineer, also specialized in Blockchain Technology, Smart Contract Development, Web Development, and so on. Use our services by visiting:
Website: https://cryptotoolkits.com/Â
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