Criptomarketing

Cryptocurrencies since their inception have had several problems of trust, this is clearly due to misinformation and little knowledge that people have of this world, however, we must indeed be very careful and investigate well before investing our money in any cryptocurrency project because as in everything there will always be people who seek to take advantage of others especially those who are not very well informed. As we mentioned if there have been scams within this world, but take an example one of the most notorious was the OneCoin scam, an organization that managed to persuade investors from 175 different countries to get up to 4 billion dollars. Investors fell into the trap of Dr. Ruja Ignatova the ringleader behind OneCoin. A bit of context At London’s Wembley Arena in 2016, Ignatova claimed that OneCoin was on track to overtake Bitcoin. But in 2017, Dr. Ruja Ignatova disappeared and has not been heard from since. This and other cryptocurrency-related scandals are easily recognizable to anyone who has covered financial information for any length of time: it’s the same old tricks but disguised with high tech. But Dr. Ruja Ignatova managed to convince people that OneCoin was going to be “secure, easy to use, and borderless.” But nothing was further from the truth as Onecoin did not have a blockchain of its own nor was it the token of any blockchain and there was no wallet either. How did this scam happen? This organization started with headquarters in Bulgaria and then spread ramifications throughout the world. They sold people a package with the promise of million-dollar profits. This package cost a minimum of about 140 euros and if you brought someone else you got a percentage of it. It was all a flower of plenty or a pyramid scheme. The seduction to participate began with the invitation to be part of this venture. These ways of convincing were carried out in meetings, congresses, talks, dinners, and mega events that took place in luxurious hotels. The ultimate goal was to make people believe that the currency did have a life. But the digital currency never arrived, in this way, they managed to capture the attention of thousands of investors, and therefore the scam was a millionaire. Conclusion What we can take from this is that it is important to know things well before getting into them. In The Blue Manakin, we always encourage you to take care when you are navigating in this world, especially always inform yourself well before putting money into a project, and above all never invest money that you can not afford to lose.

Although the cryptocurrency market had a big collapse a few months ago and many projects ended up disappearing, it was not an impediment for new ones to be born. Therefore, below we will comment on some of the coins that we consider to have had good growth: Tamadoge (TAMA): This is one of the most novel and interesting projects. Everything revolves around its TAMA token and its roadmap is completely focused on the development of the Metaverse, NFTs and ARs. TAMA will have a use in its platform to grant rewards to Tamaverse participants. This token is on Ethereum’s ERC-20 network and is characterized by its deflationary nature. One feature is that for every transaction in the Tamadoge store it will burn 5%. Battle Infinity (IBAT): This project has gained the attention of investors because of the P2E features that make it easy for users to generate interesting profits. The BEP-20 token native to the Battle Infinity ecosystem, IBAT is what will be used for all transactions within the system and this can be achieved in different ways such as staking or NFT trading, the most prominent way being its unique blockchain-based fantasy sports league in which we can get different rewards. Battle Infinity has all the looks of being one of the most successful metaverse currencies. And yet another feature is that IBAT holders can also acquire virtual land parcels, which has become a popular investment in the crypto world. Lucky Block (LBLOCK): Given its novel and unique proposition with its crypto gaming platform, its price increased by more than 3,000% in assignment to the pre-sale price, which determined that LBLOCK achieves a market capitalization of more than $750 million. LBLOCK carries out different sweepstakes in which anyone can participate for only 5 dls, and its attraction is that the more people participate, the better the prizes. In addition, people who have LBLOCK in their wallets and are connected to the platform get a free ticket daily. Another feature if you have your wallet connected to the platform is that you receive passive income at the end of each draw. DeFi Coin (DEFC): This token supports multiple possibilities for use in financial services, performance farming, cryptocurrency staking, token exchange, and more, making it a very attractive asset for investors. DEFC incorporates a “static reward” mechanism based on a 10% tax on token transactions, of which 50% is shared among individuals who own one and the remainder is placed in Defi Swap liquidity funds. Cardano (ADA): It is known as the “Internet of blockchains” and is of the most scalable, interoperable, and sustainable currencies of the main networks operating today. When it came out it had a very large increase reaching 3 dls, then it has fallen but the important thing is how it has remained very stable and in the face of the great fall it was able to maintain itself. Cardano uses a ‘Proof of Stake (PoS) consensus mechanism that drastically reduces energy expenditure when creating new blocks, which differentiates it from Bitcoin and Ethereum. This gives it an advantage because it makes it the most appreciated by the crypto community and investors. Ripple (XRP): RippleNet is the decentralized payment mechanism that facilitates fast and reduced-cost transactions between different currencies through the use of its Ripple token. By making use of this system RippleNet has become a de facto upgrade replacing the already very inefficient SWIFT network that accumulates delays of up to five business days in payment processing. Cryptocurrencies, despite the obstacles that have been put in their way, always find a way to have a step and innovate, these are the cryptocurrencies that we see as something special and that is why we place them on this list. However, as always we remind you that this is not an investment suggestion and it is up to each person to make their analysis and never invest money that we cannot afford to lose.

Cryptocurrencies are a digital asset that uses cryptographic encryption to guarantee their ownership and ensure the integrity of transactions. But where do cryptocurrencies come from or what is their origin? It all begins in 2008 when the United States was going through a financial crisis that caused the devaluation of the dollar, which in turn affected the rest of the world. Due to the low value of the currency and the cut in interest rates, central banks manipulated and devalued currencies around the world. Eventually, with low-interest rates and taxpayer bailouts, the banks responsible for the financial problems were the ones who benefited from the “collapse”, this was the trigger for a man known as Satoshi Nakamoto whose identity remains unknown to this day to decide that there was a need to invest with a disruptive force, with something that could change the way we think about money. In 2008 he first published his paper on Bitcoin technology detailing the peer-to-peer system that runs Bitcoin transactions and months later provided the software to perform these transactions. Bitcoin would thus be the first completely decentralized currency open to all, without a central bank controlling it. This means that we are all part of the Bitcoin economy, instead of a bank defining how much it is worth and how much of it we have available in our economy. However this was not simple since it was necessary to have a global ledger of transactions in which transaction information is stored, normally a bank would be responsible for performing this procedure but being a decentralized system there is no associated bank this allows anyone to send a transaction request to the decentralized network and this makes the decentralized ledger very vulnerable to attacks. This was the main impediment to the creation of a functional cryptocurrency. So Satoshi needed to innovate and create the technology we now call “Blockchain“, which allows keeping the ledger secure using timestamps, a lot of decentralized computational processing power, and cryptography. Because of this, we can say that Bitcoin (BTC) is the origin and maximum representative of cryptocurrencies, which went from having a practically worthless value has achieved figures never imagined.

As we get deeper into the world of cryptocurrencies you can see how versatile they are and the number of operations that can be performed with them. International currency transfers, loans between individuals, investment projects, or even buying and selling of products and services, are some of the facilities they offer. Cryptocurrencies represent a completely different concept concerning fiat money, i.e. the currencies that you normally handle in your day-to-day life (euros, dollars, etc.). The way to manage them is different, although they are quite simple processes. Knowing the particularities of how they work is important to avoid any possible problems. Buying and selling coins: This is one of the operations to master; in fact, it is essential. Without this function, it would not be possible to make transactions with the cryptocurrency, because it would not have a value. Making transfers between individuals: Cryptocurrencies are an ideal way to transfer money from one place to another in the world, thanks to their immediacy, their total digitalization, their decentralization, or their absolute security derived from blockchain technology. And all these transactions can be divided as follows: Inputs: Inputs are references to an output of a past transaction that has not been used in any other transaction. They allow us to confirm the origin of the assets to be used in a transaction. Outputs: These contain the address to which the transfer has been made and the amount that has been sent. It also contains the exchange or returns addresses where the transaction returns are sent. Identifier (TXid): Each transaction will have its hash. This hash is generated from the inputs and outputs. This value is the one that allows identifying a transaction in a unique and unrepeatable way within a blockchain. Commission rate (fee): The commission is the small payment that miners receive for processing a transaction. Thus, the miner who generates a new block will receive a commission for each transaction processed within that block. The commission does not come explicitly in the content of a transaction, i.e. it is not associated with any output, since the miner who will receive that commission is not tasted. At The Blue Manakin, we are interested in educating people to learn more about the medium they are entering. Normally we might enter this diverse world thinking that the only thing we can do with our cryptos simply boils down to buying and selling. When really in a transaction we can find other concepts.