FLIP (FLP) news

Pi Coin Price Today Falls Below $1—Can PiDaoSwap Save It?

The crypto world is buzzing—but not in the ways Pi Network’s massive community had hoped. After soaring to nearly $3 just a month ago, Pi Coin has plunged below the much-watched $1 level, shaking confidence in the project’s future. For those tracking the Pi Network price, the recent dip has raised big questions. Some wonder, how much Pi Coin is worth now? Others are asking if PiDaoSwap—a new decentralized exchange built by the community—can help stabilize the Pi crypto value and push Pi Coin back on track. Let’s unpack what’s happening and what it could mean for the future of Pi Network. What Happened to Pi Network Value? Pi Coin Value Source: CoinMarketCap In February 2025, Pi Coin was on a roll. After Pi Network’s open mainnet launch, Pi Coin surged to an all-time high of nearly $3, capturing the imagination of over 60 million Pioneers worldwide. The hype was real—and so were the expectations. Fast-forward a few weeks, and the landscape looks dramatically different. The Pi price has slipped below $1, currently trading around $0.90. That’s a significant drop of over 70% from its recent high. Community members are worried, traders are skeptical, and the crypto world is asking many questions. Why the sharp fall? There are a few key factors: Increased supply: As more Pi tokens enter circulation, the growing supply has put downward pressure on Pi coin value in USD terms. The enclosed mainnet: Pi Network’s decision to remain in an enclosed mainnet phase, where only KYC-verified users can transfer Pi, has limited liquidity and slowed broader adoption. All this uncertainty has led to a steep decline in both Pi price and Pi Network value, leaving many to wonder whether Pi Coin has what it takes to recover. The Community Reacts: Frustration and Determination As expected, Pioneers are feeling the heat. Many early adopters who believed in the long-term potential of Pi Coin are frustrated by the drop. But this is no ordinary community. Instead of sitting back, Pi Network’s army of supporters is taking matters into their own hands. Enter PiDaoSwap, a decentralized exchange (DEX) designed to give the power back to the Pioneers and stabilize the Pi Network value. What Is PiDaoSwap? PiDaoSwap is a community-driven DEX built specifically for the Pi Network. Its purpose? To create a decentralized and transparent platform where Pi Coin holders can trade peer-to-peer, without relying on centralized exchanges that might manipulate prices. PiDaoSwap was created by a group of blockchain developers from Canada. Here’s why PiDaoSwap could be a big deal: It enables true price discovery for Pi Coin, based on real trading activity within the Pi Network. It helps prevent price manipulation by cutting out middlemen and bots often found on external platforms. It increases utility and liquidity, making Pi Coin easier to trade and potentially more valuable. PiDaoSwap is not an official project from Pi Network’s Core Team, but it has garnered a lot of support from the community. It’s a project by Pioneers, for Pioneers. Can PiDaoSwap Boost Pi Coin Value? This is the million-dollar question. PiDaoSwap is being positioned as the solution to Pi Coin’s price instability, offering a fair and decentralized alternative to exchanges. Here’s how it could influence Pi price and Pi Network value moving forward: 1. Fair Price Discovery Right now, Pi Coin’s price varies widely across platforms. With PiDaoSwap, prices are set by real users trading real Pi Coins, not speculative IOUs. That could result in a Pi price that better reflects the true demand for Pi Coin. 2. Increased Trust and Confidence If PiDaoSwap delivers on its promises, it could restore confidence in Pi Coin. A trustworthy, community-governed DEX gives Pioneers a reason to believe that the Pi Coin value is being determined fairly and transparently. 3. More Liquidity, More Utility A vibrant DEX makes Pi Coin more useful. Instead of holding Pi with no easy way to exchange it, users can trade directly on PiDaoSwap. This added liquidity could increase the Pi value over time. Challenges Ahead for PiDaoSwap and Pi Coin While PiDaoSwap offers hope, it’s not a silver bullet. Several challenges remain: Adoption: Will enough users trust and use PiDaoSwap to create meaningful liquidity? Regulatory Hurdles: DEXs can attract scrutiny, and PiDaoSwap will need to navigate compliance issues carefully. Core Team Cooperation: PiDaoSwap is awaiting final approvals to launch fully on mainnet. Delays could stall momentum. Despite these challenges, many in the Pi Network community see PiDaoSwap as a necessary step toward realizing the true potential of Pi Coin. What’s Next for Pi Coin and PiDaoSwap? The coming weeks are critical. If PiDaoSwap successfully launches and gains traction, we could see Pi price stabilize—or even rise—back above the $1 mark. Some analysts are cautiously optimistic that Pi Coin could reclaim the $1.20 to $2 range if confidence returns. On the flip side, if PiDaoSwap struggles to gain adoption or if broader issues in the Pi ecosystem aren’t addressed, Pi Coin’s troubles could deepen. The Pi Network value depends not just on tech innovations like PiDaoSwap but also on transparency, community trust, and wider exchange listings. Final Thoughts Pi Coin falling below $1 was a wake-up call for the Pi Network community. But in true Web3 spirit, Pioneers are rallying to create decentralized solutions like PiDaoSwap that return power to the people. Will it work? Time will tell. But if PiDaoSwap lives up to its promise, it could play a key role in stabilizing and boosting Pi Coin value, restoring faith in Pi price, and elevating Pi Network value as a whole. One thing is certain: the Pi Network price will depend on what the community does next. And right now, the community is building. Feeling ready? Register now and trade Pi Network (PI) on Bitget! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Bitcoin And Big Numbers: How Market Trends And Separators Affect Your Investments

Bitcoin, the flagship cryptocurrency, has once again found itself at the centre of financial discourse as markets struggle with economic uncertainty, inflationary pressures, and shifting monetary policies. After reaching record highs in early 2025, Bitcoin's price movements have been erratic, leading traders and investors to question the sustainability of its current range. With analysts debating the potential for another bull run or an imminent correction, understanding Bitcoin's pricing mechanisms, market influences, and fundamental concepts such as numerical formatting becomes crucial. Bitcoin Price Movements: Where Are We Now? As of mid-February 2025, Bitcoin has been trading in a volatile range, fluctuating between $90,000 and $105,000. Market sentiment has been wavering between optimism and caution, with factors such as Federal Reserve policies, macroeconomic conditions, and geopolitical tensions influencing price action. Analysts have pointed to three key themes shaping Bitcoin's trajectory: ● Interest rate speculations: The Federal Reserve's decision to halt further rate cuts due to persistent inflation has led to a shift in market expectations. With inflation stubbornly above the 2% target, the likelihood of a prolonged period of high interest rates has made speculative assets like Bitcoin more vulnerable to corrections. ● Institutional demand and accumulation: While some whales have been taking profits, institutional investors continue to accumulate BTC to bet on its long-term appreciation. The growing interest in Bitcoin exchange-traded funds (ETFs) and corporate treasury allocations has provided a foundation for sustained demand. ● Market psychology and retail participation: The Crypto Fear & Greed Index currently sits in a neutral zone, reflecting an indecisive market. Retail traders, who were highly active during Bitcoin’s previous rallies, remain cautious, waiting for a clear breakout before committing fresh capital. Source: Crypto Fear & Greed Index (as of February 17, 2025) Decimal And Thousands Separators Explained If you've ever stared at a Bitcoin price chart and been confused by dots, commas, and weird-looking numbers, you're not alone. Understanding how numbers are formatted in different countries is essential when dealing with Bitcoin prices, especially in an international market. What are Decimal and Thousands Separators? When numbers get big (like Bitcoin prices) or small (like Satoshis, Bitcoin's smallest unit), we need a way to make them readable. This is where decimal separators (to separate whole numbers from fractions) and thousands separators (to break up large numbers into chunks) come in. 1. The British/International system: In the United Kingdom, the United States, Canada, and most English-speaking countries, we use: ● A full stop (.) as the decimal separator – This means that £12.50 means twelve pounds and fifty pence. Likewise, $10,000.50 means ten thousand dollars and fifty cents. ● A comma (,) as the thousands separator – This helps break large numbers into readable chunks. For example, instead of writing 10000, we write $10,000, making it much easier to read. 2. The European/Continental system: Some European and Latin American countries flip this around: ● A comma (,) is used as the decimal separator – So, instead of $10,000.50, they would write $10.000,50. ● A full stop (.) is used as the thousands separator – Instead of $10,000, they write $10.000. 3. The Indian numbering system: India follows a unique system that groups digits differently: ● Lakh (1,00,000) and Crore (1,00,00,000) are used instead of millions and billions. ● Commas are placed differently – For example, ₹10,00,000 represents ten lakh (one million), and ₹1,00,00,000 represents one crore (ten million). 4. The SI (International system of Units) standard: The SI system, commonly used in scientific and financial documents, follows a slightly different approach: ● A thin space is used as the thousands separator – Example: 10 000.50 instead of 10,000.50. ● A full stop is used for decimals, similar to the British/International system. 5. The East Asian numbering system (used in China, Japan, and Korea): China, Japan, and Korea use a different system based on the myriad grouping (every 10,000 instead of every 1,000): ● Instead of grouping by thousands, they group by ten thousand (wan/万 in Chinese and Japanese, 만 in Korean). ● Instead of 100,000, they write 10万 (meaning ten ten-thousands). ● Instead of 1,000,000, they write 100万. ● Decimals are marked with a dot (.), but large numbers are grouped based on ten thousand. ● Examples: ○ 10,000 → 1万 ○ 100,000 → 10万 ○ 1,000,000 → 100万 ○ 10,000,000 → 1,000万 6. Currency symbols and their meaning: The $ symbol is commonly used to represent US dollars (USD) by default, especially in financial markets, trading platforms, and global discussions about Bitcoin. However, several other currencies also use the $ sign, such as Canadian dollars (CAD), Australian dollars (AUD), Singapore dollars (SGD), and Hong Kong dollars (HKD). When referring to these currencies, they are usually specified with their respective abbreviations to avoid confusion (e.g., C$10,000 for Canadian dollars or A$10,000 for Australian dollars). 7. What about Bitcoin exchanges? Crypto trading platforms and financial markets mostly follow the British/American system, meaning you’ll see: ● Bitcoin priced at $96,450.75, meaning ninety-six thousand, four hundred and fifty dollars and seventy-five cents. ● Smaller denominations displayed as $0.000450, meaning four hundred and fifty thousandths of a dollar. Most cryptocurrency exchanges use $ to refer to US dollars (USD) by default as the broader market recognises it as the universal fiat currency for trading pairs, unless explicitly stated otherwise. Source: Bitget Spot Trading Why This Matters When trading or investing in Bitcoin, using the wrong separator can lead to costly mistakes. Imagine wanting to send $10,000 (ten thousand dollars) but mistakenly entering $10.000 (ten point zero dollars) instead—ouch! Quick recap: ● UK/US/International System: $10,000.50 (comma for thousands, full stop for decimals) ● European/Continental System: $10.000,50 (full stop for thousands, comma for decimals) ● Indian System: ₹10,00,000 (comma placement for lakh/crore) ● SI Standard: 10 000.50 (thin space for thousands, full stop for decimals) ● East Asian System: 10万 (grouped in tens of thousands) ● Prices on crypto exchanges are shown with the symbol $ for USD, unless otherwise specified. Now you know! No more excuses. What's Next For Bitcoin? While Bitcoin's price movements remain uncertain, long-term indicators suggest that institutional demand and macroeconomic shifts will continue to shape the market. As inflation concerns persist and central banks navigate economic challenges, Bitcoin could really emerge as a hedge against traditional financial instability. For now, whether Bitcoin is headed for $102,000 or $88,000, the best strategy remains the same: stay informed, think critically, and always double-check your numbers.

Ethereum whales add $1B in ETH — Is the accumulation trend hinting at a $5K ETH price?

Numerous cohorts of Ethereum addresses added over 330,000 ETH in the last two weeks. Is this a sign that a $5,000 ETH price is in the making? Ethereum’s native token, Ether , currently ranks as the only cryptocurrency in the top 10 by market capitalization to show a negative return over the past 30 days. With crowd sentiment dropping to a new low each week, the altcoin is desperate for a bullish revival, and onchain data suggests it might come sooner than later. MAXPAIN, a crypto markets analyst, highlighted that Ether addresses holding between 1,000 to 10,000 ETH have accumulated 330,000 ETH since Jan. 7, valued at over $1.08 billion. Previously, ETH accumulation of such size occurred in April, when the same cohort of addresses amassed over 620,000 ETH. The altcoin witnessed a 66% upswing thereafter. The crypto trader also noted the consequent increase in daily active addresses, with network growth rising to 180,000, which may imply a fresh capital inflow. With most of the market moving on from Ether’s lackluster performance over the past month, multiple traders were eyeing the current market setup as a potential bullish opportunity. Jelle, a long-term crypto investor, identified the formation of an inverse head-and-shoulders pattern within another bullish setup of ascending triangles on the weekly chart. The probability of a bullish breakout improves significantly with the price converging within a couple of bullish confluences, as the analyst hinted at the possibility of price discovery for the altcoin. In fact, Alec, a derivative trader, said Ether was developing a tightening on both the 30-minute low time frame (LTF) and 1-day high time frame (HTF). With liquidity present on both sides of the spectrum, the trader said, “A larger move is on the horizon for ETH. Take the liquidity and run the opposite way? But which way??" Lastly, Cold Blooded Shiller, a markets analyst, opined on the dismissive nature of the industry on Ethereum right now and said, “$5k $ETH by March, and this will be the saltiest space on Earth.” While $5,000 is an attainable target for Ether, its immediate hurdle remains at the $4,100 level. Since 2024, Ethereum has managed to break above a descending trendline on two separate occasions, but the overhead resistance at $4,100 has not been breached. Thus, for Ethereum to target $5,000, the immediate condition is to flip $4,100 into support on the daily and weekly chart. Once the price action has been accepted above the aforementioned level, Ether could rally to $5,000, but until then, the altcoin still needs to rally against bearish odds. Source: CoinTelegraph Futures Market Updates Funding rates and Long/Short ratio means markets might be anticipating a significant breakout or breakdown, with a bias toward downside risk. Bitcoin Futures Updates Total BTC Open Interest: $67.32B (-2.23%) BTC Volume (24H): $97.91B (-7.36%) BTC Liquidations (24H): $54.15M (Long)/$10.00M (Short) Long/Short Ratio: 48.73%/51.27% Funding Rate: 0.0100% Ether Futures Updates Total ETH Open Interest: $30.62B (-1.86%) ETH Volume (24H): $32.59B (-7.28%) ETH Liquidations (24H): $23.30M (Long)/$3.65M (Short) Long/Short Ratio: 47.73%/52.27% Funding Rate: 0.0091% Top 3 OI Surges FLOCK: $8.39M (+221.47%) MVL: $14.16M (+210.70%) VTHO: $39.52M (+107.79%)

Ordibank (ORBK): Revolutionizing Borrowing and Lending on Bitcoin

What is Ordibank (ORBK)? Ordibank (ORBK) is a lending protocol on Bitcoin layer 1 that uses the logic of Compound Finance to create an off-chain balance state processing environment. By creating a native money market environment on the Bitcoin blockchain, Ordibank offers users a broader array of financial instruments and yield opportunities for investors. How Ordibank (ORBK) Works Imagine you have some Bitcoin sitting in your digital wallet. With Ordibank, you can put that Bitcoin to work by borrowing and lending it, along with other assets like BRC20 and ARC20. But here's the twist: instead of relying solely on smart contracts executed on the blockchain, Ordibank operates in an off-chain processing environment, combining the security of the Bitcoin blockchain with virtualized smart contract logic. So how does it all come together? Well, let's start with borrowing. Users can borrow assets like BTC, Ordinals, and Atomicals using Ordibank. This means if you need some extra funds, you can put up collateral (such as Bitcoin) and borrow other assets against it. It's like taking out a loan, but in the world of DeFi on the Bitcoin chain. On the flip side, if you have assets sitting idle, you can become a lender on the Ordibank platform. By lending out your assets, you can earn extra income in the form of interest payments. It's a win-win situation: borrowers get access to funds, and lenders earn a return on their idle assets. But what sets Ordibank apart from other borrowing and lending platforms? For starters, it offers competitive pricing. Users can obtain BRC20 and ARC20 at nearly a 1:1 ratio, which means better rates compared to decentralized exchanges or automated market makers. Additionally, Ordibank introduces cBTC1, a token representing Bitcoin on the platform. This tokenization of Bitcoin opens up a whole new world of possibilities. It allows Bitcoin holders to leverage their assets within the Ordibank ecosystem, attracting massive liquidity and expanding the utility of Bitcoin in DeFi. ORBK Goes Live on Bitget Ordibank is a pioneer that brings the power of Compound Finance to the Bitcoin network. By creating a native money market environment, Ordibank offers users a broader array of financial instruments and yield opportunities. The ORBK token is key to Ordibank. It helps control the system, collects fees, and gives users benefits like discounts and rewards. You can discover the potential of the ORBK token and join the growth of Ordibank by trading it on Bitget, one of the industry's premier cryptocurrency exchanges renowned for its top-notch security, user-friendly interface, and exceptional customer service. With its utilities, the ORBK token presents a compelling opportunity for investors seeking to participate in the DeFi ecosystem. How to Trade ORBK on Bitget Step 1: Go to ORBKUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell. Ordibank presents an opportunity to earn extra income in the growing world of DeFi. Whether you're a borrower looking for funds or a lender seeking to earn a return on your assets, Ordibank has something for everyone. But perhaps most importantly, Ordibank represents a step forward in the evolution of Bitcoin finance. By integrating borrowing and lending capabilities directly into the Bitcoin network, Ordibank is paving the way for a more interconnected and efficient financial system. Trade ORBK on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Is Pi Network (PI) a Scam? Unveiling the Truth Behind This Digital Currency

In recent years, the cryptocurrency market has seen the emergence of numerous digital currencies, each promising unique benefits and innovations. Among these, Pi Network has sparked considerable interest and debate. With over 100 million app users as of February 2024, Pi Network claims to democratize cryptocurrency mining, making it accessible to anyone with a smartphone. But with its mainnet still not fully operational and its coin not available for trading on major exchanges, questions about its legitimacy persist. This article delves into the essence of Pi Network, how it operates, its current status in the trading world, and the ongoing debate about its legitimacy. What Is Pi Network (PI)? Pi Network is a digital currency project that aims to simplify cryptocurrency mining and make it accessible to broader users. Unlike traditional cryptocurrencies that require significant computational power to mine, Pi Network allows users to mine coins directly from their mobile devices, promoting a more inclusive approach to cryptocurrency participation. Developed by a team of Stanford graduates, Pi Network was launched with the vision of creating a user-friendly and eco-friendly digital currency. The project began in 2018 and quickly gained traction due to its novel approach to mining, which does not require expensive hardware or consume large amounts of electricity like Bitcoin (BTC). The founding team of Pi Network includes Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, Vincent McPhillip, and Aurelien Schiltz. Their backgrounds in computer science, social computing, and community building have significantly influenced the network's design and ethos, emphasizing user engagement and accessibility. How Pi Network (PI) Works Pi Network's mining mechanism is designed to be lightweight and energy-efficient, enabling users to earn Pi tokens by simply interacting with the app on a daily basis. This process, referred to as "mobile mining," does not perform traditional cryptographic calculations but instead relies on a consensus algorithm to distribute rewards. Users participate in the Pi Network ecosystem through various roles: Pioneers: Regular users who mine Pi by logging into the app and validating their presence. Contributors: Users who contribute to the network's security by forming security circles with other trusted participants. Ambassadors: Individuals who introduce new users to the Pi Network, expanding the network's reach and engagement. Nodes: Tech-savvy users who operate nodes on the network, supporting its infrastructure and stability. Pi Network employs a consensus mechanism based on the Stellar Consensus Protocol (SCP), which is designed to be more efficient and less resource-intensive than the Proof of Work (PoW) system used by Bitcoin. Users can mine Pi coins by participating in the network through the Pi Network app. The mining process is activated by the user's engagement with the app, requiring no technical expertise or active participation. Is Pi Network (PI) Available for Trading? Despite the buzz and anticipation surrounding Pi Network, its native token, Pi, remains officially unavailable for trading on recognized cryptocurrency exchanges. This status quo was highlighted in late December 2022, when excitement surged due to reports of Pi Network being listed on exchanges. Notably, platforms such as Huobi and XT.com were mentioned in discussions, with Huobi even announcing the listing of a PI/USDT trading pair. However, these developments were not what they seemed at first glance. On the morning of December 30, 2022, Pi Network officially confirmed that it remains in the closed mainnet phase and has not authorized any exchange to list its token for trading. This announcement indicates that the PI tokens available on these exchanges do not represent the official Pi Network digital asset. Instead, what is being traded on these platforms is essentially "IOU (I Owe You)," where the exchanges indicate that they owe traders the equivalent amount of PI once the mainnet becomes operational and the token becomes officially tradable. The situation highlighted a significant challenge for the Pi Network community and potential investors. The excitement over the supposed listings led to speculative trading, with the price of PI on Huobi surging to as high as 62 USDT. However, without the ability to deposit or withdraw Pi, and with the mainnet launch date still unannounced, these trading activities were speculative and not grounded in the token's actual utility or market presence. The Great Debate: Pi Network a Scam or a Legitimate Opportunity? Is it too good to be true? In the case of Pi Network, many argue that this might indeed be the case. Critics of the network are quick to highlight the absence of a live mainnet and the unavailability of a tradable token as significant red flags. They express concerns over the project's legitimacy, pointing out that despite a user base of over 100 million, the network has yet to demonstrate any tangible value or utility for its Pi token. The speculative frenzy on exchanges like Huobi and XT.com, where Pi price surged to 62 USDT based on IOU agreements, is often cited as evidence of an unsustainable hype, disconnected from the project's actual progress and raising alarms about its viability. On the flip side, Pi Network's advocates present a different narrative. They emphasize the platform's innovative approach to mining and its strong community engagement as signs of a legitimate endeavor to democratize cryptocurrency. The network's gradual and cautious development strategy is defended as a thoughtful approach to ensure long-term stability and success. Supporters are drawn to the promise of an accessible digital currency and are hopeful that the forthcoming mainnet launch will validate their trust and patience, transforming Pi into a viable and widely accepted form of payment. As debates continue, the future of Pi Network hangs in the balance, hinging on its ability to transition to an open mainnet and to define clear, compelling use cases for its digital currency. Until these critical milestones are reached, the question of whether Pi Network is "too good to be true" will remain open, with the network's ultimate success or failure likely to provide a definitive answer. As of this writing, the network reported significant progress toward these goals, with millions of users having completed KYC verification and a growing number of Pi apps in development. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Decentralized Physical Infrastructure Networks (DePIN): Unlocking Vast Potentials in 2024

Over the past decade, blockchain technology has been revolutionizing a plethora of industries, including finance, fashion, and even gaming. Disruptive as it may be, blockchain’s influence seemed mostly focused on the digital sector. The physical world that we live and breathe in was mostly left unscathed. But things are about to change. Projects in the Decentralized Physical Infrastructure Network (DePIN) sector are building decentralized networks that connect, maintain, and operate physical devices and the very foundation our physical world is built on is about to be renovated. Why put De in DePIN? Our world has seen nothing short of a complete makeover over the past centuries. From railways to undersea optic cables, from gigantic server racks to nuclear power plants, the very fabric of our modern life is weaved into these infrastructures which, unfortunately, were mostly owned by monopolistic corporations who can turn our society upside down with a flip of the switch. With blockchain and Web3 in the ring, however, things are about to change. DePIN is one such attempt at decentralizing and democratizing the ownership of physical infrastructures. As its name suggests, DePIN are projects that tokenize infrastructures such as routers, vehicles, and even solar panels and incentivize those who join and contribute to the network. DePIN offers a number of advantages over traditional centralized infrastructure models, including: Increased efficiency: Decentralized networks can be more efficient than centralized networks, as they can eliminate the need for intermediaries and reduce the costs associated with maintaining and operating physical infrastructure. Improved security: Decentralized networks are more secure than centralized networks, as they are not subject to single points of failure and are more resistant to cyberattacks. Increased scalability: Democratized infrastructures often offer better scalability than centralized networks, as they can be expanded by attracting more nodes to the network instead of going through an arduous process of centralized procurement, engineering, and reviewing process. Reduced costs: Decentralized infrastructures can be more cost-effective than centralized ones, as they can eliminate the need for expensive intermediaries and reduce the costs associated with maintaining and operating physical infrastructure. Major players There are a number of DePIN projects that are currently in development, including: Filecoin (FIL) : Filecoin is an open-source, decentralized file storage network that allows users to store and retrieve files in a secure and reliable way. Filecoin is powered by a blockchain that incentivizes users to provide storage space and bandwidth to the network. Render (RNDR) : Render is a decentralized rendering network that allows users to render 3D graphics and animations on a global network of computers. Render is powered by a blockchain that incentivizes users to provide computing power to the network. Helium (HNT) Helium Mobile (MOBILE) : Helium is a decentralized wireless network that allows users to provide and access wireless internet without the need for a traditional cellular network. Helium is powered by a blockchain that incentivizes users to provide wireless coverage to the network. Its native token, HNT, pays for all services and incentivizes contributors while MOBILE is used to power its decentralized 5G network. Unlocking vast potentials DePIN has the potential to revolutionize a number of industries in 2024 and beyond. These industries include but are not limited to: Decentralized cloud computing: DePIN can be used to create decentralized cloud computing networks that are more efficient, secure, and scalable than traditional centralized cloud computing networks. As artificial intelligence products like ChatGPT take the world by storm, such decentralized computing networks can better power and govern new AI products to propel the blockchain industry and even our society into a brighter future. Decentralized wireless networks: Helium and other projects have already proven that wireless networks can be decentralized. Such networks will be more affordable, accessible, and secure than traditional cellular networks. Your data transfers will no longer be subject to censorship and limitations from your mobile carriers, but will be facilitated by a decentralized network that you can be a meaningful part of. Decentralized energy grids: DePIN can be used to create decentralized energy grids that are more efficient, reliable, and sustainable than traditional centralized energy grids. Closing thoughts DePIN has the potential to revolutionize the way we think about and use physical resources. By creating decentralized networks of physical devices, DePIN can make our infrastructure more efficient, secure, scalable, and affordable. Although a few challenges such as regulations and security still need to be addressed, the very fabric our society is already changing and together, we can create more efficient, secure, scalable, and affordable infrastructures for the future.

Getting Started with Investing: A Beginner's Guide

TL;DR - This article introduces different investment options: Traditional Options: Stocks and Bonds Precious Metals: Gold and Silver Modern Marvel: Cryptocurrency - Then it gives tips on: Beginner-friendly platforms and strategies How to have long-term success Even though you know that the earlier you invest, the better it is for your wallet, the thought of diving into the world of investing might seem like a daunting task with millions of advice and billions of investment options out there. But fear not; we're here to simplify the process and guide you through the beginner-friendly path of starting your investment journey. Understanding Your Investment Options Before taking the plunge, let's familiarize ourselves with the investment tools in our toolkit. Think of it like choosing the right tool for a task—you wouldn't use a hammer for a screw, right? Traditional Options: Stocks and Bonds Stocks offer ownership in a company, akin to having a share of the business. It's like becoming a partner in the journey of a company's success. - Pros: + Potential for high returns: Stocks have the potential for significant returns, making them attractive for those seeking growth in their investments. + Ownership in companies: Buying stocks means owning a piece of the company. As the company succeeds, so does your investment. + Liquidity: Stocks are generally liquid assets, meaning you can buy and sell them relatively easily on the stock market. - Cons: + Volatility: Stock prices can be highly volatile, especially in times of wars or economic upheavals, leading to rapid and unpredictable changes in value. + Risk of loss: Unlike bonds, stocks don't offer a guaranteed return. There's a risk of losing money, especially in the short term. + Requires research: Successful stock investing often requires research and a good understanding of the companies you're investing in, as well as constant vigilance of the current state of the aadb5469-9b40-4156-aade-dda8c403a789. On the flip side, bonds provide a steadier path, offering regular interest payments—think of it as lending money with a guaranteed return. - Pros: + Stability and income: Bonds are generally considered safer than stocks, providing a stable income through regular interest payments. + Fixed returns: Unlike stocks, bonds offer predictable returns. You know how much interest you'll receive and when. + Preservation of capital: In most cases, when you hold a bond until maturity, you're likely to receive your initial investment back. - Cons: + Lower returns: While bonds offer stability, they typically provide lower returns compared to stocks. + Interest rate risk: Bond prices can be affected by changes in interest rates. If rates rise, the value of existing bonds may decrease. + Inflation risk: The fixed interest payments from bonds may not keep pace with inflation, potentially eroding purchasing power over time. For newbie investors, a balanced approach that includes both stocks and bonds can help manage risk while aiming for reasonable returns. It's crucial to align your investment choices with your financial goals, risk tolerance, and timing. Those who are more risk-averse can opt for bonds rather than stocks. Precious Metals: Gold and Silver Precious metals such as gold and silver are timeless additions to your investment portfolio. Like ancient treasures, these metals have a history of preserving value over time. Consider them as a hedge against economic uncertainties, adding a touch of stability to your investment mix. Gold, often revered as the "king of precious metals," has long captivated investors as a timeless store of value. - Pros: + Safe haven asset: Gold is often considered a safe-haven asset, especially during times of economic uncertainty. Investors turn to gold as a store of value when traditional markets are volatile. + Hedge against inflation: Gold has historically served as a hedge against inflation. As the general price level rises, the value of gold tends to increase, preserving purchasing power. + Portfolio diversification: Including gold in a diversified investment portfolio can help reduce overall risk. Gold's performance may not always align with stocks or bonds, providing a level of independence. + Long-term store of value: Gold has been a store of value for centuries. It doesn't corrode or tarnish, and its intrinsic value has stood the test of time. - Cons: + No income generation: Gold does not generate income like dividends or interest. Its value is primarily based on market demand and sentiment. + Storage costs: If you physically own gold, storage costs can be a consideration. Storing large amounts of gold securely may involve additional expenses. Silver offers investors a unique opportunity beyond its lustrous appearance. More affordable than its golden counterpart, silver's industrial applications and potential for substantial returns make it an intriguing addition to the investor's toolkit. - Pros: + Industrial demand: Unlike gold, silver has significant industrial applications. It is used in electronics, solar panels, and various technologies, contributing to its demand beyond investment purposes. + Affordability: Silver is more affordable than gold, making it accessible to a broader range of investors. This affordability allows for smaller transactions and portfolio diversification. + Potential for high returns: Due to its lower price, silver has the potential for higher percentage returns compared to gold. It can be more responsive to changes in market conditions. - Cons: + Volatility: Silver prices can be more volatile than gold, which might be attributed to its smaller market size. While silver is considered a precious metal, it may not be as universally recognized as a store of value compared to gold. This volatility can present both opportunities and risks for investors. + Industrial dependency: Silver's price can be influenced by industrial demand, which may lead to fluctuations based on economic conditions and technological developments. Modern Marvel: Cryptocurrency In recent years, cryptocurrency has emerged as a dynamic and innovative investment option, drawing the attention of investors worldwide. Unlike traditional assets, cryptocurrencies operate on decentralized technology, typically blockchain, offering a novel approach to financial transactions and investments. - Pros: + High potential returns: Cryptocurrencies have shown the potential for high returns, with some experiencing exponential growth over short periods. This potential has attracted investors seeking substantial gains. + Decentralization and accessibility: Cryptocurrencies operate on decentralized networks, providing access to financial services without reliance on traditional banking systems and without high entry barriers like most traditional financial institutions. This accessibility appeals to individuals from all walks of life and partly contributes to the rising popularity of cryptocurrencies in recent years. + Reduced frictions: The fact that cryptocurrencies are on decentralized platforms minimizes the need for intermediaries like banks or brokerage firms. This reduction in institutional involvement translates to fewer bureaucratic hurdles and lower transaction costs. Beginners can navigate the crypto landscape with greater ease, free from the complexities often associated with traditional financial institutions. + Low entry barrier: One of the key advantages for beginners in the crypto realm is the lack of stringent initial investment requirements. Traditional investments often demand a substantial upfront sum, which can be a barrier for those just starting. In contrast, cryptocurrencies allow investors to buy fractional shares, enabling them to enter the market with an amount they are comfortable with. This flexibility fosters inclusivity, making crypto an attractive option for those with limited capital. + Innovation and technological advancement: The underlying technology of cryptocurrencies, blockchain, is praised for its transparency, security, and efficiency. Investing in cryptocurrencies aligns with the broader trend of technological innovation in the financial sector. + Learning as you go: The crypto space provides a hands-on learning experience for beginners. Interacting with blockchain technology and digital assets offers insights into the future of finance. With various cryptocurrencies to explore, each with its unique features and applications, beginners can gradually build their understanding of the market dynamics, technology, and the factors influencing cryptocurrency values. + Diversification: Including cryptocurrencies in a diversified investment portfolio can offer a hedge against traditional market fluctuations. Their performance may not always correlate with traditional assets like stocks and bonds. - Cons: + Volatility: Cryptocurrency markets are known for their high volatility. Prices can experience significant fluctuations in short periods, presenting both opportunities and risks for investors. + Security risks: Cryptocurrencies are susceptible to cybersecurity threats as they operate on networks. Investors need to exercise caution, adopt secure practices, as well as choose trust-worthy platforms to interact with in order to safeguard their digital assets. For novice investors dipping their toes into investments, cryptocurrency stands out as an accessible and educational choice. Unlike traditional investments, crypto offers a low entry barrier, allowing beginners to start with minimal initial investment. This affordability, coupled with a user-friendly landscape, makes it an excellent space for learning and experimenting. That being said, it's crucial for investors to approach the crypto space with a cautious and informed mindset. Choosing Beginner-Friendly Platforms and Strategies Now that you know your options, let's talk about tools. Just as a chef needs the right utensils, you need the right platforms for your investments. User-Friendly Investment Platforms Platforms like Charles Schwab or Bitget act as your financial compass. They offer user-friendly interfaces, great security, educational resources, and the convenience of managing your investments on the go. It's like having a financial advisor in your pocket. Start Small, Learn Big No need to start with a hefty investment. It's like learning to swim—you start in the shallow end. Begin with small amounts, test the waters, and gradually increase as you gain confidence. The goal is to ease into the process without overwhelming yourself. “Buy and Hold” Strategy: A Beginner's Friend For those just stepping into the investment arena, the "buy and hold" strategy aligns perfectly, especially for gold or beginner-friendly cryptocurrencies (e.g., Bitcoin - the one often called “digital gold”). This approach involves purchasing assets and holding onto them for an extended period, irrespective of short-term market fluctuations. This strategy is suitable for beginner because of the following reasons: - Simplicity: The "buy and hold" strategy is straightforward. Beginners can focus on selecting promising cryptocurrencies with real potentials, making an initial investment, and then observing the market over time. - Long-Term perspective: The markets are known for their volatility, but the "buy and hold" strategy encourages a long-term perspective. Beginners can avoid the stress of following the market on a regular basis and can allow their investments the opportunity to grow over time. - Minimized emotional decision-making: Constantly reacting to short-term market movements can be emotionally taxing for beginners. The "buy and hold" strategy promotes a patient approach, reducing the likelihood of making impulsive decisions based on market fluctuations. Potential for compounding: By holding onto investments over an extended period, beginners may benefit from the compounding effect, where returns on the initial investment generate additional returns over time. Tips for Long-Term Success Now that you're equipped with the basics, let's talk about the roadmap to long-term success in the investment game. Adopting a Long-Term Perspective Investing is not a get-rich-quick scheme; it's a marathon. Picture it like planting a tree—the longer it grows, the more it flourishes. Adopt a patient mindset, resist the urge to make impulsive decisions, and focus on the big picture. Consistency Is Your Superpower Regular contributions, no matter how small, are the building blocks of your financial empire. It's like putting money into a piggy bank regularly, ensuring a steady stream of growth. Consistency is your secret weapon against the unpredictable nature of the market. Stay Informed, Stay Empowered Lastly, stay informed about market trends. It's like having a roadmap for your journey. Knowledge is power, and staying aware of financial news and trends helps you make informed decisions. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Why You Need to Start Investing Early: A Guide for Beginners

TL;DR - Investing is making your money work for you and grow, while saving is parking your money in a safe and easily accessible place. - Investing early allows you to: + Combat against inflation + Enjoy greater benefits from compounding interests + Build a safety net and have less financial stress + Make more mistakes with less consequences When we are busy with the hustle and bustle of our daily lives, the concept of investing might seem like a distant realm reserved for financial experts in sharp suits. However, let's take a moment to picture this: imagine two friends, Alice and Bob, both navigating the winding road of adulthood. Now, let's fast forward a few decades. Alice, having wisely invested early in her life, is now savoring the simple joys of retirement, sipping her favorite brew on a beach. Not only does she have the financial independence to enjoy these moments, but she also finds joy in supporting her grandchildren as they go to college. On the flip side, there's Bob. Despite a life of hard work, he didn't start investing early. Now, as the years have gone by, he's still working even when most people his age are enjoying their retirement. For Bob, retirement age is just a number on paper; the idea of being financially independent feels like a dream that keeps slipping away. This scenario isn't just a narrative; it encapsulates a stark reality. The decision to start investing early can have a profound impact on one's financial well-being, especially later on. In this article, we discuss the significance of planting the seeds of investment in the fertile ground of youth and explore the tangible benefits that unfold over time. Understanding Investment What is Investing? Basically, investing is a strategic way to make your money work for you. It's not just about stashing cash under the mattress or keeping it in a savings account; it's about putting your money into vehicles that have the potential to grow over time. Think of it as planting seeds today to reap a more abundant harvest tomorrow. Saving vs. Investing Now, you might wonder: what is the difference between saving and investing? Saving is like tucking away money for a rainy day in a safe, easily accessible place. It's essential for short-term goals or emergencies. Meanwhile, investing is about seeking growth. In essence, saving is parking your money in one place, and investing is sending it on a mission to grow. Why You Need to Start Investing Early Inflation and the Need for Growth There's a silent force called inflation that can quietly erode the purchasing power of our hard-earned money. Picture it like this: the cost of your favorite cup of coffee today might not be the same a few years down the road. Inflation is the sneaky culprit responsible for this rise in prices over time. Now, let's talk about combating this financial nemesis. Enter investing, our trusty shield against the erosive effects of inflation. Unlike stashing cash under the mattress, investing allows your money to grow, aiming not just to keep pace with inflation but to outpace it. Sending your money to savings accounts usually does not help combat inflation as the interest rate is oftentimes lower than inflation rate. Thus, it can be said that investing helps your money stay ahead of the ever-increasing prices and preserve your purchasing power. The Power of Compounding / Compound Interest Compounding is like a financial snowball effect, where your money earns interest not just on the initial amount you put in but also on the interest it accumulates over time. It's the classic case of making money from your money's earnings. Picture it like this: you plant a small seed in your financial garden, and as it grows, it produces not just one, but a multitude of seeds. Imagine you invest $1,000, and it earns an annual interest rate of 5%. In the first year, you'd earn $50 in interest, bringing your total to $1,050. Now, here's where the magic happens. In the second year, you're not just earning 5% on your initial $1,000; you're earning 5% on the $1,050. This cycle continues, and with each passing year, the interest earns interest, compounding your returns. Now, here's the golden nugget: the earlier you start, the more time your money has to dance to the compounding tune. Let's compare two scenarios. If you start investing at 25 years old with $1000 as your initial investment, assuming an annual interest rate of 5%, your money has 40 years to compound before you turn 65. At 65, the $1000 would become approximately $3,869.68. If you wait until 35, you've got only 30 years. Let’s assume you also start with $1000 as your initial investment and the annual interest rate is 5%, you would only have roughly $2,427.56, less than two-thirds of the amount you would possess if you start investing at 25. As you can see, an extra decade makes a colossal difference. This example vividly demonstrates that the earlier you start, the more time your money has to benefit from compounding, which will ultimately result in a substantial difference in the value of your investments. It's a testament to the invaluable asset of time in compounding. Reducing Financial Stress and Building a Safety Net Life can throw unexpected curveballs our way, from a sudden car repair to unforeseen medical expenses. This is where the importance of building a financial safety net comes into play, and early investing is like constructing a sturdy fortress. By starting to invest early, you're laying the foundation for a robust financial safety net. It's not just about growing your money; it's about having a cushion to soften the blows of life's uncertainties. Imagine having the peace of mind that comes with knowing you have a financial safety net to fall back on when huge unexpected expenses arise. Moreover, investing early contributes to reducing financial stress. It's like having a reliable companion on your financial journey. Instead of worrying about every financial hiccup, you can navigate through life's twists and turns with greater confidence, knowing that your investments are there to support you. Learning Early and Taking More Risks Starting on the journey of investing early isn't just about numbers; it's a learning experience that shapes your ability to make good judgments regarding your finances. Think of it as learning to ride a bike—the earlier you start, the more falls you can afford to take, the better you become. Starting early allows for the luxury of learning from mistakes without dire consequences. It's a financial playground where taking risks is not just allowed; it's encouraged. Why? Because at a younger age, you have time on your side and less responsibilities to recover from any missteps. Taking risks now can pave the way for higher returns in the long run, turning financial lessons into valuable assets. Conclusion In this article, we've delved into the concept of investing and demystified its essence for beginners. We have also discussed four reasons why investing early is important to your financial well-being. Now you are ready to step into the practical "how" with our beginner-friendly guide on how to embark on your investment journey with ease and confidence. Read the full article for an easy introduction to investing. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Earning Crypto Staking Rewards with AAVE

Staking in the decentralized finance (DeFi) world, especially with AAVE, is akin to participating in a high-tech savings account. AAVE staking reinforces the platform's economic security, with staked tokens serving functions such as transaction validation, voting power, or collateral. In AAVE's case, tokens are staked in the Safety Module to protect against losses due to smart contract risks or other exploits​. Your Pathway to Stake AAVE To earn crypto staking rewards through AAVE, one must purchase AAVE tokens and use a Web 3.0 digital wallet to interact with the Aave platform. The exclusive avenue to stake AAVE is through its native dApp, a straightforward process that bolsters the network's contingency funds​​. Yield Beyond Staking Apart from staking, AAVE holders can earn crypto staking rewards by providing liquidity to Automated Market Makers (AMMs) on decentralized exchanges (DEXs). This involves depositing AAVE and another cryptocurrency, like ETH, in a liquidity pool to support instant trades and earn a share of trading fees​​. Potential Earnings and Costs The earnings from staking AAVE depend on the number of tokens staked, staking duration, and the total staked in the Safety Module. However, being based on Ethereum, staking AAVE may incur significant gas fees, impacting net rewards​. Understanding the Risks Staking AAVE comes with risks such as illiquidity, slashing, smart contract vulnerabilities, and exchange security breaches. These need to be carefully considered when looking to earn crypto staking rewards​​. Staking AAVE is an efficient, quick process that supports the Aave application's financial security. On the flip side, risks include the potential for a slashing of up to 30% and a 10-day cooldown period for withdrawals, which may affect liquidity during market volatility​​. Feeling ready? Start your trading today with Bitget! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Unveiling the Safety Veil: Is Staking Crypto Safe?

Cryptocurrency staking has become a popular way of generating passive income within the digital asset class. Staking offers a way for holders to earn rewards by participating in the network's operations. However, a pressing question looms large for both novices and veterans alike: "Is staking crypto safe?" This question not only underlines the risk management aspects of crypto staking but also its potential to shape the burgeoning digital economy. The Backbone of Staking: Understanding the Proof of Stake (PoS) Mechanism At the heart of crypto staking lies the Proof of Stake (PoS) consensus mechanism, which contrasts sharply with the energy-intensive Proof of Work (PoW) model used by Bitcoin. In PoS, holders 'stake' their coins by locking them up to validate transactions and maintain network security. The allure of earning staking rewards has driven many to venture into this domain, yet the safety of staking crypto remains a topic of heated discussion. On one side of the spectrum, proponents argue that staking is safe, provided adequate measures are employed. The decentralized nature of blockchain technology, which underpins staking, is hailed for its ability to deter fraudulent activities and safeguard staker's assets. Moreover, reputable staking platforms employ rigorous security protocols to thwart potential threats. These platforms often provide detailed educational resources to help stakers understand the risks involved, promoting a culture of informed participation. Regulatory Overcast: How Legislation Impacts Staking Safety However, the flip side presents a different narrative. The nascent state of the crypto industry implies that regulatory frameworks are still in flux. This regulatory ambiguity can potentially expose stakers to unforeseen risks, such as the debate whether specific coins or assets are classed as securities or not..The technological landscape of staking is dynamic, with new vulnerabilities surfacing alongside advancements. For instance, smart contract bugs or a 51% attack could pose significant risks to staked assets. The community and network effect significantly impacts the safety milieu of staking. A robust community can foster a secure environment by collectively thwarting malicious actors and endorsing transparent governance. Conversely, a lack of community engagement or network effect could leave the staking platform susceptible to various threats. Lastly, the economic implications of staking cannot be overlooked. While staking propels a more stable economic model by incentivizing holding rather than selling, the potential for loss due to market volatility still exists. This economic dynamic necessitates a balanced perspective when evaluating the safety of staking crypto. Feeling ready? Start your trading today with Bitget! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.