Cryptocurrencies

bitcoin

What is a bitcoin and how does it work?

Bitcoin is a digital asset that was introduced to the world in 2009 which leverages a peer-to-peer network to facilitate the transfer of value without the intermediation of banks or central authority. Where do they come from? Bitcoins are born through the mining and validation of transactions on the blockchain, which is a ledger to which everyone in the world has access and we can see even the first transaction that has been made with this currency. The people who are in charge of this procedure are known in the world as miners. When miners successfully verify a set of transactions, they are awarded several bitcoins, currently, they get 12.5 bitcoins for each completed transaction but this number decreases with each halving, which usually occurs every 4 years. The miners follow a set of cryptographic rules that keep the network stable, safe and secure. Does it has a limit? Currently, there are approximately 17 million bitcoins mined of which there is a maximum number which is 21 million. But not to worry as this number will not be achieved until around the year 2140, so we will have bitcoin for quite a while. How can I get bitcoin? Outside of mining, there are several ways in which we can get bitcoins. By exchanging with other people or through various exchange platforms such as Binance. Our assets will want to be stored in a wallet, in the case of the exchange platforms they are stored in the wallets that they give you but there are also thousands of wallets that you can use, metamask is one of the most popular. What are its uses? Currently, bitcoins can be used as a payment method for goods and services, but the commercial use of bitcoin is still growing. But we can also use it for trading, selling it, or buying it in exchange for fiat money like the US dollar. Bitcoin is the most liquid cryptocurrency and we expect it to become more and more common in society, adopted in the future as a currency like a dollar or a euro.

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What is a cryptocurrency and how does it work?

Cryptocurrency is a digital currency, a currency that does not exist in any physical form and is based on bits. The idea of this type of system came to the world thanks to the user Satoshi Nakamoto, who published an article in which he explained how this currency works, which sought to completely disassociate itself from any banking and governmental institution, thus maintaining the privacy and not being affected by inflation. A few months after publishing the article, Satoshi Nakamoto provided the necessary software to carry out these transactions and disappeared without a trace to this day the identity of this user remains unknown. The first currency of this type and the one we are talking about is Bitcoin. The bitcoin system works with Peer to Peer (P2P). In which there is a global and public record of all transactions that have been made in the history of the currency known as the blockchain, thus tracing in detail the entire journey that has been made from the first user account that had it until the last, and despite this record being public does not affect privacy because all accounts are anonymous and do not know whom it belongs to The Blockchain is a sequence of chained data, each block has a limited number of transactions that are linked to the previous block and so on until the first block that existed the advantage it has is that it is distributed globally, which makes it a system that apart from being public is safe because it is impossible to modify the records of the past and while there are users on the network this record will never disappear. Any person can create a block which is known as miners, these miners register approximately between 2000 and 2200 transactions in a block, which once finished is sent to the registry, where other miners review it and if the majority indicates that it is correct, the block remains in the registry and the miner receives a reward. In this way, security is maintained in the registry. The first currency of this type was the Bitcoin, but today there are many other currencies of this type that have different values, another example of this type of currency that is widely used is the Etherium which works with the same type of system as the bitcoin but with financial contracts that serve for example to buy a house or ask for a loan, These contracts are known as smart contracts, and the Etherium works exclusively to pay these contracts. Other currencies on the market are: ·         Tether ·         Binance coin ·         Cardano ·         USD coin ·         XRP ·         Dogecoin Just to mention a few. The truth is that entering this world is nothing complicated since you can buy cryptocurrencies directly from someone, or use one of the different exchange platforms that exist in the world such as Binance or coinbase with which you get a virtual wallet, and there you have your new coins, it is already your job to learn more about what kind of exchanges or transactions you can do to make this money grow and turn it into something real from which to profit. Apart from the normal transaction already talked about above where one person buys from another and registers on the blockchain, today there are already several companies that accept bitcoin as a form of payment for their services, some examples are: – Real estate – Clothing ·         Pizza Hut – Art – Web services – Video games Today we can see that cryptocurrencies have been included in the world in different ways, they have not been in existence as long as money and the classic exchange that human being has had since the beginning of time, but it has been a currency that has begun to take its place in the world, its popularity and value is something that has not stopped advancing. There are more and more companies that understand its value and security in the exchange of goods and services, so betting on this type of currency can be a good investment wherever you look.

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cryptocurrency-exchange

How do Cryptocurrency Exchanges work?

In the early days, the only way to get hold of cryptocurrencies was to mine them or get them from someone else who was willing to sell them directly. But people started to look for a simpler and safer alternative to get cryptocurrencies, so the first Exchanges started to appear. A cryptocurrency exchange or DCE (short for digital currency exchange) is a platform that allows exchanging one cryptocurrency for another, trading and selling coins, and exchanging FIAT for cryptocurrencies. Some are more for traders and others for quick cryptocurrency exchanges between users. Cryptocurrency exchanges are in some ways similar to regular stock exchanges, the difference is the way traders make profits. On a stock exchange, traders buy and sell assets to profit from their variable rates, whereas on cryptocurrency exchanges, traders use cryptocurrencies to profit from the highly volatile exchange rates. The main difference is that on the stock exchange there are business hours, while cryptocurrency exchanges remain active 24 hours a day, 7 days a week, 365 days a year. Cryptocurrency exchanges (especially centralized exchanges) need new users to complete a registration process before they manage to start trading, so we can find more security when making trades within this platform than outside of it. Each exchange calculates the cost in the functionality of its trading volume, as well as the supply and demand of its users. Exchanges earn from different revenue streams, the 4 most recognized are commissions, listing fees, market building, and fundraising for IEO, STO, and ICO.

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NFT Marketing Agency: How to choose the best one

Making an NFT collection known can be complicated, especially in a world where new ones are created every day. And the market and what people are looking for are constantly changing. That’s why we emphasize that we always allocate part of the budget we have in our project to people who are experts in this changing world, to a marketing agency. But how can I choose the best one out there? Here are a few tips: Expertise and experience We will start by reviewing what other collections they have worked on, see how they have worked with the community, their social networks, and if the project did well. Compliance Marketing especially NFT marketing is constantly changing, so the agency we are looking for adapts well to this. Delivering marketing strategies promptly, tasting clear that maybe what worked for one collection may not work for another. Connecting with the crypto and NFT community All projects in this field seek to create a decentralized society, so cross-project support is essential. Marketing agencies have not only worked with their clients and will make collaborations with them, but along the way you build assignments with other communities and with whom you can surely create some collaboration to not only highlight your collection but theirs as well. Relational engagement Agencies in the NFT world are looking to take their assignment further. They look for pride in generating a sold-out and having a completely professional and friendly assignment with the founders of the project. Budget Along with the previous point, sometimes we may think that agencies will charge us dearly and stay at a high cost. But a good marketing agency that sees the future of a project will find a way to adjust to the real needs of your collection and make a budget according to what you can afford and what can be offered. Do not create a false judgment in your head, it is always better to ask. Professionalism and credibility A marketing company by your side can be a confidence builder for investors, future buyers, and members of your community. You will notice the interest and commitment to the project through how involved the founders and the agency behind them are. In The Blue Manakin, we have all the tools to adapt to the constantly changing world of NFT and the most important thing is that we are always there for our clients, so do not doubt that putting your trust in us will be worth it. Ask about our services.

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crypto-animals

Animals in the Crypto world

In the crypto community, you can be categorized as a type of animal depending on the amount you have of a cryptocurrency in your wallet. Being the whale for those who have the largest amounts, or on the contrary a small shrimp if you have less than 0.5. But in between, there are more animals. Each one is used to mark trends or movements in the prices of Bitcoins and altcoins. Below go some of the most common ones: Whales: These are the wallets with the largest number of cryptocurrencies, these users can move significant sums of money in cryptos and cause variations in the market. They are known as Whales because of the representation that we are all investors in a big ocean, where there are fish (all those who have cryptos) and whales (big investors). Usually, these have a minimum of 1000 BTC. Bears: We will associate this animal with the bear market, which usually hibernates when it is cold and food is scarce. In cryptocurrencies, this winter is when prices are low, an example is a current market in which we had a big fall. Normally we associate the price drop of an asset with the action of bears on the market, which many times act influenced by external events. Bulls: When the fear of investing in the cryptocurrency market subsides and people start investing again, that’s when the bulls arrive. Since the Bull figure is associated with the bull market because of the upward angle its body has with its head raised above its neck. Bulls can tangibly encourage the prices of any asset. In the crypto world, we are all an animal but it is up to each person to choose which of these we want to be based on our investor profile or the opportunities we can take. But the important thing is that we all start as shrimp so there is no need to be afraid to take that first big step into this world. At The Blue Manakin, we want to help you on your journey in the world of cryptocurrencies and NFTs so don’t forget to check out our blog posts where we talk about different topics about this world and the latest trends.

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Forks

Software development: What are forks?

In software development projects, a fork is the creation of a project from the source code of the main one to reuse code to speed up the development process. Something similar happens in cryptocurrencies since forks are used to clone the code of a cryptocurrency and create a new cryptocurrency from it or, on the other hand, to update the existing code; this can happen voluntarily or accidentally. Remember that the algorithm of a given cryptocurrency establishes parameters to work peculiarly, because these are executed in decentralized networks, all parties must use the same rules and work together correctly to preserve the history of the blockchain. There are different types of forks that are used depending on what we want to do, among which we find: Soft fork or soft forks. They are characterized by small adjustments or changes that are compatible with previous versions so it is not necessary to update all of them since the previous blocks are still readable. Rough forks or hard forks. These occur when developers make mistakes when making a new fork to update or fix bugs. Such an error causes the creation of a second blockchain which causes outdated nodes to reject transactions. In conclusion, forks have a considerable impact on the cryptocurrency ecosystem both positive and negative. Since just as forks create and enhance crypto assets, they can also create drama, increase risks, and fuel uncertainty within the community.

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bagholder

What does it mean BagHolder?

Those investors who have been doing hodl for a long time are known as Bagholders. Many times bagholders reach this level because they bought the coin when its price was high, thus keeping tokens that are worth little or nothing while hoping that it will go up again. Cryptocurrencies being a very volatile market, it happens that there may be large price fluctuations, just as every day new investors arrive eager to generate income at the moment. Even a percentage of Bagholders are people who have forgotten about their investments and have left them where they are. Bag holding is not something negative as it belongs to a term in the crypto world that refers to not selling your coins no matter how bad the market is because there is always the probability that it will go up again, this term is the Holding. We at The Blue Manakin always recommend that before making an investment in the cryptocurrency market we have to do our market analysis and never invest an amount that we cannot afford to lose. The cryptocurrency market has many changes so sometimes future investments are better than short-term ones, but it is up to us to take that risk.

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bitcoin-escasez-programada

What is the Bitcoin Programmed Scarcity?

One of the most curious features of Bitcoin is that the highest number of coins it can produce is predetermined since its creation at 21 million Bitcoin. This may be because the creator of Bitcoin (under the pseudonym Satoshi Nakamoto) determined that he wanted to generate a deflationary currency, like gold. If something is naturally limited it is more likely to have a cost. If Bitcoin could be produced indefinitely and out of control, it would have no cost (or could be quite temporary). Limiting their number increases the possibility that this asset, being limited, could eventually have a larger value. Now, what will happen once the 21 million Bitcoin limit is reached? Currently, about 16 million Bitcoin has already been mined, which is 75% of the final cost. It is believed that by 2032, 99% of the Bitcoin will have been mined. Bitcoin’s Halving is the process where every 4 years the reward that miners of the currency receive, decreases and it is less profit that they get in the long run this will make the costs of mining Bitcoin more expensive and there is a strong possibility that the number of miners that exist will decrease. With this in mind, as the production rate is going to be lower it is expected that this number will not be achieved until 2140 once the last Bitcoin is mined. Finally one of the reasons why Bitcoin has both values is because of its scarcity. This is why Bitcoin is more like a cost pooling asset (like gold) than a means of payment like a currency.

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P2P

What is the P2P system?

A peer-to-peer network is a different way of networking because it does not use a server station, but rather each “server” computer is the people who contribute to this system. A peer-to-peer network, peer-to-peer network, peer-to-peer network or peer-to-peer (P2P) network is a network of computers in which all or some aspects operate without fixed clients or servers, but rather a series of nodes that behave as equal to each other Moreover, they act simultaneously as clients and servers concerning the other nodes in the network. P2P networks allow the direct exchange of information, in any format, between interconnected computers. To participate in this peer-to-peer network, the user has to connect to the network through the software on his computer, which gives him the possibility of participating as a client or as a server; it is a decentralized model because, as already mentioned, there is no central server. Many applications such as Spotify or Napster started this way as a peer-to-peer network, but because offering music or movie services through decentralized servers is considered piracy, the model was changed. It was also due to Spotify’s growth that they decided to create a central server to offer the service. One of the advantages offered by this system is that each user can manage their equipment, without the need for technical knowledge, because everything depends only on the software and the number of users who are using it to have a greater reach. Although everything seems to be good it also has some disadvantages and the main one is that, although you do not have to have technical knowledge about how it works, you have to be very careful because if you do not have an antivirus system on your computer you can introduce the virus to the peer to peer network and have access to the information of all users who are within the network. Cryptocurrencies and blockchain technology use a P2P network so we at The Blue Manakin care to explain how this system works as it is something you will come across many times while browsing the crypto world.

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altcoins

What are the Altcoins?

Altcoin is a term used in the crypto community to refer to all currencies other than Bitcoin. These are made using forks of the open source Bitcoin. Each altcoin has its blockchain and its P2P network and uses its mining algorithm such as the classic Prof of Work or the recently applied Prof to Stake. The altcoins find their value in supply and demand, so we can find them in the financial markets. The point is that the vast majority of altcoins we cannot use them to make a transaction or acquire any good or service unless we convert them into Bitcoin or a Fiat currency. What are the advantages and disadvantages of Altcoins? In their advantages we can find: Decentralization: These currencies do not depend on any kind of third-party institution for their realization and distribution. Utility: Each altcoin project is realized with different bases and missions which help to bring more to its value. Innovation: With the experience of what has worked and what has not worked in bitcoin, altcoins have from where to find ways to start strong and with functionalities and specifications that contribute to the community. On their disadvantages we have that: Liquidity: All altcoins have a lower value than bitcoin and many do not leave the pennies on the dollar, so we have to be very careful. Massive failures: There are thousands and thousands of altcoins that we have not even heard of and surely will not hear of since there are very few projects that usually sound or are within the top of cryptocurrencies. In The Blue Manakin, we will always explain the most popular terms in the world of cryptocurrencies, so you can check our glossary if at any time you find yourself in doubt of the meaning of some words that you can find when browsing throughout this community.

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blockchain for babies

Blockchain for babies

Chris Ferrie, a faculty member at the University of Sydney’s 2019 Quantum Software Centre, has written a book to explain from an early age to an infant how blockchain works. Titled Blockchain for Babies, the curious idea became a reality. The book has 12 pages and can be found in hardcover and paperback format. The book uses fairly simple language to be able to describe the necessary details a little person needs to taste about blockchain technology. Ferrie said: “The intention is not for the child to come out of the book and run an ICO.” But this book comes to be part of several books which are made to explain complex topics to young children that likewise have been written by Ferrie, within these books we can find: Quantum Physics for Babies,  General Relativity for Babies,  Rocket Science for Babies y  Newtonian Physics for Babies. Ben Munster, the writer of Decrypt, described his vision of the book, from the position of an adult rather than a newborn. Munster said: “It starts with the image of a ball, which I get. then it says the ball can be bought for a coin, which I also get. then it says the coin is now “invisible,” which I understand to mean it’s on the blockchain, but I only understand it because I write about this stuff every day, unlike most babies. then it explains how the blocks of transactions fit together like jigsaw puzzles, with fraudulent transactions that can’t fit together, which is a nice idea.” The reality is that while this book is for “babies”, it is useful for people who are not in this world to understand how blockchain technology works in a way that is too simple you could apply the saying “I’ll explain it to you with apples” only in this case it is with puzzles. While this can be taken as a joke, any kind of education for this world is welcome and if a book that explains it simply can be the first step for people who want to get into this space, it is quite good for us.

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dApps

What are dApps

dApps are a type of application that is based on a decentralized network because the nodes that interact with the application are used as several servers instead of a central one. DApps is the acronym for Decentralized Applications. Decentralized networks work with a network of computers in which users have full control over the operation of the network. DApps allow people to access different services securely without worrying about being tracked in any way. These applications can use as nodes computers, and smartphones, or can even be accessible from the web. To taste what a dApp looks like, we must think of an ordinary application, in this category we have applications such as YouTube, Facebook, Twitter, and even Instagram. In all these services there is a network of central servers. This allows companies to decide what can be seen or not in these applications according to them to give it more “security” by taking neutrality. The dApp concept is nothing new because there have been several over time, but the most popular applications have been BitTorrent and DC++, both with peer-to-peer systems to share files without worrying about censorship because there is no way to track the server. However, the quintessential dApp that describes exactly how they work on a blockchain is Bitcoin because how its users and structure assign perfectly describes the function of dApps. But with the arrival of Ethereum in 2014, the Solidity language and the ability to create Smart Contracts made dApps massive, so thanks to these 3 things dApps started to become popular in the blockchain, allowing new ways of interaction between users, the real and virtual world. The dApps and traditional Apps have many elements in common, however, the difference lies in how they interact with those elements. Both types of applications have three basic structures: the frontend, the backend, and the data storage layer.

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Social media

10 Top Crypto Influencers

Cryptocurrencies have become very popular in recent years, this is due to many reasons, but undoubtedly one of the most important has been through famous personalities in the medium that have made the voice of the crypto world. Crypto influencers are people who through their knowledge have been able to vouch for various projects that in some way have been successful. These people can make a project resonate around the world or remain as an idea that was just executed. But who are the most influential people? Now we will show the 10 people who resonate the most in this world: Vitalik Buterin Co-founder of Ethereum, Bitcoin magazine, and is one of the youngest crypto millionaires in the world. By following him you can have the latest on crypto and blockchain as he often shares opinions and articles that help more to understand these topics. Roger Ver  He is one of the first entrepreneurs who started to accept crypto as a form of payment and to adopt blockchain technology and has invested large sums of money in cryptocurrency-related startups. He is known as “Bitcoin Jesus”, Roger Ver was one of the first promoters of Bitcoin in 2011. On his feed, we can find the latest updates about bitcoin and the crypto world, with a touch of words of wisdom Andreas M. Antonopoulos He is the author of books explaining Bitcoin and the blockchain industry, such as Mastering Bitcoin: Unlocking Digital Currencies, Mastering Ethereum, and The Internet of Money. He is also known for being an advocate of Bitcoin and blockchain. Through his posts on his networks, we can learn more in-depth about the bitcoin and blockchain industry, just as he always does in life, and interviews that help educate on this world. Tim Draper Known for his forecasts on the price of Bitcoin, as well as his support for this particular digital currency. He is the founder of the venture capital firm Draper Fisher Jurvetson and Draper University, Tim Draper has invested in Skype, Tesla, SpaceX, Twitter, and Coinbase. With him, we can find opinions about bitcoin and cryptocurrencies, as well as new coin opportunities. Charlie Lee Founder of Litecoin and director of engineering at Coinbase is one of the most trusted sources of information about cryptocurrencies and how they work He also shares many updates about bitcoin and cryptocurrencies, but he also usually does so by sharing memes and comics with topics related to this world more humorously. Anthony Pompliano He is known as one of the pioneering supporters of Bitcoin and is the founder and partner of a hedge fund specializing in blockchain technology and digital assets. He is widely followed on all his channels, not just on Twitter. He shares discussions about bitcoin and cryptocurrencies, he also likes to talk about technology, business, and finance. Erik Voorhees founder and CEO of ShapeShift, one of the world’s leading cryptocurrency exchange platforms He is one of the most important voices, on Twitter, he always shares his ideas and on the medium, he shares articles talking about bitcoin and other topics. John McAfee  Ventured into cryptocurrency territory and has taken to Twitter to impart his analysis on the cryptocurrency industry and its multitude of developments. He is the developer of the famous antivirus and on his Twitter, he shares updates on bitcoin, along with analysis he does on its development. Tone Vays He is a financial and blockchain advisor who runs channels on various platforms and social networks On his networks, he talks about a variety of topics that address Bitcoin, including Bitcoin trading, Bitcoin law, and Bitcoin news. As well as some life lessons on the context of bitcoin and cryptocurrencies. Ivan on Tech Content creator specializing in blockchain technology. In his networks, he shares often with humor, his opinions about cryptocurrencies and Bitcoin and Ethereum updates. At The blue Manakin, we can help you get in touch with the best influencers to help promote your cryptocurrency project since we have a complete database and we can adjust to what your project and budget need.

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The use of NFTs

NFTs have become very popular over the last few years, we all know the story of someone who made the investment and had great returns, or we have all wanted to be part of BAYC. But it is clear that the first thing we assign to NFTs is art, and it is a reality that although there are some very cool art design collections, it is not all about NFTs. NFTs go far beyond being art collections with financial and exclusive benefits, so now we’ll share what else NFTs can be used for other than being a unique art collection. Music: We have heard of several bands and music groups exploring the world of NFTs to release versions of their music albums and some of their songs. Certifications and licensing: Every day the way is being paved for us to be able to have our NFT IDs, carrying them in a digital form and with real validity. Sports Currently, some teams have decided to try selling tickets as NFT, such is the case of the PSG team that has sold tickets for its tour in Japan. Property and real estate With the advent of the metaverse and digital properties such as land or smaller assets, eliminating intermediaries in the operations of buying and selling real estate. It is clear that the destiny of NFTs gives for more and it is just beginning, in this blog we already have some latest news entries of curious ways how some companies have used NFTs in creative ways and to their advantage. We hope to see more and more in the future here at The Blue Manakin.

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cryptocurrency

How to promote Crypto

Today there are thousands and thousands of cryptocurrencies, so the real differentiator that can exist from one project to another is undoubtedly apart from what it is focused on or the reason why the currency has been created, is its marketing campaign. As we have mentioned in other entries of this blog, we must have marketing specialists who know well the medium of cryptocurrencies in the most popular social networks Sometimes tactics change from project to project, and especially if we are talking about an NFT collection or even an ICO, now we will share some general ways in which we can promote our cryptocurrency on social networks that should be used. The networks and platforms for cryptocurrency promotion are: Twitter:   Twitter will be one of the main means by which you will share everything relevant to your project, here you can share important data and tell what the project is about. Unlike NFTs, the language we should use is a little more serious, since investments in cryptocurrencies are so. For cryptocurrencies, promoters can still be used, but if you have to be more careful since there are usually fewer and since we cannot find so many, we have to select the best ones. Verifying that their engagement is good and not very different from the numbers of followers they have, normally with them you can handle airdrops, Rt, QT, and different tracking dynamics. Twitter ads also work to attract more people, but it is better to first share them through promoters. Instagram: Instagram is still the space where we can have a more personal twist on the project, here we can focus on sharing the mission for which the coin exists through different publications. In the stories, we can share the same as on Twitter different data and statistics about the project and its mission. We can also contact promoters to upload stories and publications, promoters should also verify if they have the turn of cryptocurrencies and not NFT. Newsletter: Unlike with NFTs, with cryptocurrencies, we can manage an email subscription, which we will use mainly to send visual updates on how the project is going. Also, this newsletter can be used as a form of communication to get collaborations with more serious companies and people whom we will see as investors, in the same way, you can share a fairly illustrative newsletter that talks about the project in general and invite you to contact us to talk more in-depth. Linkedin: This social network will help us to promote our project more seriously, also making publications talking about the project, here sharing a little more information as a way of mini-blog. The main thing is to seek to form relationships with people and generate networks of opportunity. Telegram: Cryptocurrency groups on telegram are more common than those of NFT since while they use discord as their main means of communication, with cryptocurrencies it is better to have a direct approach with the people who are buying and investing in our asset, so a telegram group with your loyal investors comes in handy. This is where people will first find out about the latest status of your project and the publications we will make on the different social networks. At The Blue Manakin, we have the tools to support you to make an effective promotion plan for your cryptocurrency project, apart from the fact that we already have a base of influencers and specific promoters of projects with cryptocurrencies, quote us.

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bitcoin pizza day

Fun facts in the crypto world: “Bitcoin Pizza Day”

If you are a crypto enthusiast you probably taste that every May 22 is celebrated Bitcoin Pizza Day. This is the day on which Laszlo Hanyecz, a programmer from Jacksonville, Florida who, considering the historical maximum to which the currency has reached, spent 3.9 billion dollars in bitcoin to buy pizzas. Well over 10 years ago, Hanyecz posted on the Bitcointalk forum that he would pay 10,000 bitcoins for two large pizzas. The man ordered his 2 pizzas from Papa John’s, as promised, and paid with 10,000 bitcoins which at the time cost him about $41. However, the clever programmer is proud to have played a fundamental role in the construction of the universal phenomenon that bitcoin has become over the years. This is one of the first Bitcoin transactions, the man said that his primary goal that night was not so much to buy a pizza as to prove that goods and services could be exchanged for BTC, as with classic fiat money, and to contribute to the adoption of the cryptocurrency, adding that: 9 months after the purchase, Bitcoin achieved parity with the US dollar, making both pizzas worth $10,000 and in 2015, the fifth anniversary of the Bitcoin Pizza Day, both pizzas were valued at $2.4 million. Despite the astronomical increase in his pizzas, and in the cost of Bitcoin, Hanyecz seems unrepentant.

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crypto Whale

Bitcoin Whales who are they?

In the world of cryptocurrencies, various scales have become popular, in which most use different animals to pigeonhole the many investor profiles. The largest investors in digital currencies are known as “whales” It is customary to call such players with a minimum of 1,000 BTC. Several of them are known, such as Pantera Capital or Coin Capital Partners, even if other influential addresses are not known. It is complicated to know to whom the addresses belong or whom the entities hold the largest portions of Bitcoin. However, reports provided by analysts and professionals allow speculation as to who might qualify for this set of giant fish. So a whale is an actor that trades vastly more money than the average investor so they possess the power to manipulate it up or down. As an example, when whales begin to hold their bitcoins for extended periods, it indicates a good future for the cryptocurrency and there is speculation of a rise in its cost. The opposite may also happen. Once whales massively sell an asset, other smaller investors tend to continue the trend, and consequently, it can cause a drop in the cost of the currency. Not only can monumental organizations be known as whales, but some have speculated that there are individual investors, popularly known in the crypto world. One example is Satoshi Nakamoto, who is the first to mine and hold this asset and is believed to have around 1 million bitcoins. Other known investors who could receive the title of whales are the Winklevoss twins, who in 2013 mentioned having 1% of all Bitcoin and who could currently collect more than that. The whales as a group have not diminished, but they have increased, so they will continue to accumulate large amounts of bitcoin and act as holders for a great period more. Other denominations to know are as follows: Shrimp: less than 1 BTC Crab: between 1 and 10 Octopus: 10-50 Fish: 50-100 Dolphin: 100-500 Shark: 500-1,000 Whale 1,000-5,000 Humpback whale: more than 5,000 bitcoins Many times while navigating this immense world, we may come across terminology that we don’t know or fail to understand so here at The Blue Manakin we will do our best to help you understand this vocabulary in the crypto world.

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crypto marketing

Crypto Marketing. What is?

A cryptocurrency marketing strategy is something important for companies that are entering or looking to enter this crypto world to grow and prosper. This must be planned consistently, this is crucial for any type of token, ICO, NFT, or cryptocurrency can be effective, because without one are few projects that manage to reach the soft cap. But what is the most important thing to take into account about this industry? The cryptocurrency market has expanded dramatically in recent years. There are thousands of companies with their tokens or coins so if you are a new company or want the one you already have to gain traction in this super-competitive environment it is important to take into account some strategies to take advantage of with digital marketing. Before discussing these strategies, you must first consider the objective of what you are going to market, many people think that ICOs, cryptocurrencies, and NFTs have the same marketing method but the reality is that they are not the same. The strategies are as follows: Create a website (works for all 3): A site designed efficiently and that is pleasant with new users with a logical path helps a lot, besides you have to look to make clear any doubts that may exist. Newsletter (more for ICOs and cryptocurrencies but can also apply to NFTs): Always collect emails when you start encouraging your project, which is going to serve to start creating a list of subscribers to whom you can send the latest news about the project through an easy-to-read and attention-grabbing email. Networking on LinkedIn (ICO): It is a network that works perfectly to establish assignments and reach potential sponsors and influencers since its advantage is that people in this social network are more accustomed to direct messages about business. Social networks ( The 3): The importance now with common networks like Twitter, Facebook and Instagram are good for anyone to get to know you, a tip here is to keep them always updated, uploading eye-catching content and creating interaction with users. Discord (mainly NFT but it can also be applied with cryptocurrencies: It is one of the most important things for projects to have a space where all the people interested in the project can live in the same space together with the creative team. Here you can offer the latest news about the project, segment the community by roles, and help to avoid scams. And so many other things that we at The Blue Manakin can help you set up Airdrops (The 3): Sending free coins or tokens help promote your project, these pitches are popular with investors and get people interested in the project. Podcasts and live interviews (All 3): Podcasts and streams are becoming more and more popular and there are many that talk about the crypto and investment world, having one is a good way to educate people about your product apart from having a high-quality reach. Verify your project (all 3): Let experts analyze your blockchain and ICOS projects and look for positioning on project rating websites. Influencers (All 3): A mutually beneficial assignment is created, where the influencer shares information and product advantage with their loyal audience, with whom they equally consent, giving you equal critique for review and analysis. But you have to keep in mind when getting an influencer that their content is relevant to the brand and what you want to communicate. It is also important to verify what type of content our influencer shares since you will not give an ICOs project to one that only talks about NFT in their channels. Telegram (ICOS and cryptocurrencies): Telegram contrary to many social networks, allows crypto ads, apart from the fact that because of its end-to-end encryption it offers better security to operators. Using it well involves creating a committed community through its groups. Get advice from a crypto marketing agency (all 3): You can look for a marketing agency in your country or prepare your marketing team with some course. Always looking for that you can learn or advise everything about the crypto world. In The Blue Manakin, we have the team to offer you a complete service, consult with us as we always care about helping and educating people who want to launch their projects but have no idea where to start. We hope these strategies will help to improve your project, it is important to always keep up to date on what are the new updates about this marketing and the crypto world. Remember that to reach investors and make them trust you it takes time to create an assignment so staying active and constant means better success.

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ICO

What is an ICO (Initial Coin Offering)?

An ICO is the initial offering of a coin and has to do with the financing of a project that aims at the birth of a new cryptocurrency. An Initial Coin Offering is a fairly popular funding process in the crypto world whereby the developers of a project offer an early token sale to the public to raise funds and develop the token project. If we contribute more money to the ICO, more tokens will be given to us. Early investors or people who buy in the ICO phase because they believe in the project or simply because when the project manages to develop with the funds collected, the coin will be in high demand and this will positively impact the price of the asset. What are ICO sales like? Sales can be open to the public so that anyone can invest with any amount of money they wish for They can also be reserved for private sales with investment funds and other major investors in the market. The procedure is a free choice for developers. It is always important to keep in mind that the idea is that you are not selling an investment asset, but you are pre-selling an asset that can be used within a platform. Advantages of ICOs: The authors of the new currency do not have to achieve financing from banks or investors. For individual investor users, it serves to finance highly innovative companies directly. In the end, we can say that ICOs are a new way to start a startup, for the moment it is something that applies mainly to the world of cryptocurrency, but there is the possibility of financing projects outside this world because of its ease and disassociation from third parties such as banks or investment funds. On the other hand, people who want to invest in an idea they like can do it without any problem of being rejected.

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NFT influencers IG

How to Find NFT Influencers

Over the last decade with the increased use of social media the word “Influencer” has become a common word to hear in our day-to-day lives. What is an influencer? We can say in a simple and summarized way that an influencer is a person who stands out in some media, by which he/she expresses opinions on some topic, which is transmitted and generates a great influence through his/her audience Cryptocurrency influencers are now a diverse group. Some earn money by promoting products, while others have no financial motive other than they are interested in the topic and want to promote the cause of cryptocurrencies. Given the breadth of their objectives we can talk about some types of crypto influencers: People involved in the development of cryptocurrencies or services involving the crypto world. · Influencers who invest in one or more innovative projects in the crypto world. Researchers who write about what’s new in cryptocurrencies Analysts who are more focused on price analysis and who publish investment advice. Finally, the job of a crypto influencer is to implant an idea in the minds of their community. And we’ll leave you with some of the advantages they can give us: Information International news ·Scenario analysis, Price forecasts. Now we will go to what we have to look for in the most used social networks in the world of cryptocurrencies such as: Twitter: Twitter is undoubtedly one of the main social networks when it comes to the dissemination of a cryptocurrency, here the influencers we will look for are those who have a good engagement. Many times we can find verified accounts with millions of followers but their publications barely reach 5 likes. So it is always the first thing we have to visualize in the accounts of these influencers. One of the best tactics is to make collaborations with them, use Rt, Qt and giveaways. Discord: In discord is where the community moves, here the influencers are not so present since it is not only one person, in discord, it is better to move through the servers with many people that are active. In them, you can talk to moderators to give better visibility to your project through collaborations and activities within their server. Instagram: On Instagram, we can find specific users that can help us to promote our project through stories or publications. But one of the advantages that we can find in this more visual network is the cryptocurrency and NFT news account Telegram: Telegram is somewhat similar to Discord since we are not looking for a single person but a group dedicated to the dissemination of crypto projects, which can help us with the pinned message and more organic and direct dissemination through the users present in the group. While we have left some tips to make the search for influencers in the most used social networks for crypto and NFT projects. Our main recommendation is to turn to a marketing agency focused on this world for a better diffusion. Here at The Blue Manakin we have contact and agreements with influencers, groups, and servers which we put at your disposal for your crypto project, and best of all is that you do not put yourself at risk of being a victim of a scam because it is not the first time we work with them and we taste that they are the best of the best.

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Telegram