cryptocurrencies

Many of us already have cryptocurrencies in our own wallets, so knowing how to transfer them to real money is something important to know. Cryptocurrencies are digital money that among its properties is the ability to exchange them for other cryptocurrencies or for the paper money that we use  daily. By FIAT money we know the money legally identified by the regime as euros or dollars. Currently in some countries it is already possible that physical establishments accept cryptocurrencies as a payment procedure, but this is not the case in many places, so in this situation we would have to look for the possibilities to transform cryptocurrencies into euros, dollars or the currency we choose. Here we share some ways to change your digital money easily and immediately: Conclusion: It is increasingly common to find ways to change our cryptocurrencies to real money like the euro or the dollar. Although many exchanges give us the facilities to do so, we still recommend that before making this movement you review the legal bases of your country for the conversion of digital money to physical money. We hope that it will not take much longer for all countries to adopt cryptocurrencies as a local payment method.

Currently when we talk about cryptocurrencies there’s already a wide variety of options to generate money with them without spending a lot of time, as with trading. For these ways, it is enough to know what are the market options that provide passive income and choose the one that we like or are most interested in. What are passive incomes? Passive income is a way to make money on a regular basis without having to devote a lot of your attention to it. In other words, they are produced by themselves through an initial investment and there it ends. Basically, instead of the savings being stagnant, it just increases With cryptocurrencies, there is a wide variety of investment options that generate passive income for experts and beginners alike. Let trading work for you Trading is definitely the most well-known way to trade and generate income with cryptocurrencies. The point is that the ones that really generate short-term income through trading are the ones that are aware of currency movements 24 hours a day. There are some platforms that allow you to set automatic values ​​of which when it drops to a certain amount it is bought automatically and when it reaches a high value it is sold in the same way. So this way trading is done for you. Stacking of your cryptocurrencies Staking through proof-of-stake, an activity that allows you to lock up your cryptocurrencies to contribute to the mining process. In exchange for this, you can get rewards. The blocking time is set at the beginning, either flexible or for a determined fixed term, this can be done with different crypto currencies and variable amounts. Conclusion: It is important to remember that all investments are not risk free. That is why we remind you that everyone has to do their complete research before putting money in, above all, never put money that we cannot afford to lose.

This is the situation of cryptocurrencies, a form of payment that almost no one is unfamiliar with, but which was not yet fully regulated. For this reason, the National Securities Market Commission (CNMV) has decided to regulate the advertising of cryptocurrencies once they are shown as an investment object. Cryptocurrencies with the financial system The advertising of cryptocurrencies goes in that the more understanding by the greater part of the population the greater the provocation for various banking entities or organizations to encourage their users to invest in cryptocurrencies. The CNMV estimates that in several of the campaigns the client is invited to invest in a product about which he has hardly any information or knowledge of its dangers. Thus, cryptocurrency advertising will have to use clear and simple language so that users can understand the message clearly, impartially, and with no intention of lying to them. What should cryptocurrency advertising be like? First of all, you should avoid referring to the profitability that can be obtained with your investment. And, in case of doing so, it will be essential to indicate a specific return time, which cannot be less than one year. It will be essential to make it quite clear which product is being advertised, thus avoiding confusion with other more famous ones, such as Bitcoin. Likewise, it will be essential to indicate the entity responsible, the territory in which they will be stored and the legal framework to be used in that case. What are the problems with cryptocurrencies? For the CNMV, crypto-assets are a high-risk investment product. Regarding stability, it is estimated that the process could be susceptible to attacks that attempt to change the data in the chain; although in this sense, varying a blockchain (or blockchain) could be somewhat difficult for the practical integrity of users. But, should they be able to circumvent the process, users could lose all of their crypto assets. Conclusion: Every day we see that many companies are starting to join the world of cryptocurrencies and NFT, these new projects come with different advertising campaigns. But it is important to be careful and before getting fully involved with the project, we must be fully informed of what is going on and as always never put money that we can not afford to lose.

The year 2009 marked the beginning of the cryptocurrency era, starting with the first of them all, Bitcoin. From that date until today, competitors called altcoins to continue to be added. To the point that to date there are more than 3000 different types of digital currencies in the market, which offer us different things and it is important to taste which are the most popular types of cryptocurrencies and which are vital to know before investing. Below, we present the ones that are considered to be the main cryptocurrencies: Bitcoin Bitcoin was created in 2009 by an anonymous personality under the pseudonym Satoshi Nakamoto. Its main goal was to be used as a payment method that is not affected by government oversight, transfer delays, or transaction fees. Currently, its use is mainly as a form of investment, but its high volatility prevents it from being a legal alternative to fiat money. Ethereum Its chain enables it to generate applications based on blockchain technology, as well as its tokens. Ether takes care of granting the primary fuel to process the network’s decentralized applications. And, transaction prices are calculated based on their difficulty, bandwidth, and storage. It is considered the most important after bitcoin, plus the implementation of smart contracts is what put it here. In its network is where we can find most of the NFTs. Dogecoin Currently, 128.2 billion DOGE are in transit, and each coin is divided into 100,000,000 decimal places. The virtue of this cryptocurrency is that it is cheap because one coin costs only $0.05037. Dogecoin mining rewards have decreased from $1,000,000 to $10,000. Cardano Every single transaction is persistently, securely, and transparently recorded on the Cardano blockchain. Each ADA stored in the digital wallet can be ordered in the pool or hypothecated to the same pool to increase the possibility of earning rewards. One of its attractions is that anyone who owns Cardano owns shares in its network, plus this blockchain is considered scientific and one of the most eco-friendly out there. Litecoin The Litecoin virtual currency is an open-source peer-to-peer currency. This means that Litecoin’s source code is public and anyone can access it. It is an open-source, fully decentralized, universal payment network and an administrator-free transaction system. It is a project that has stood out for its transparency in the function of each of its stages. Conclusion: We remind you that in no way this top is this an investment recommendation, it is up to each one to do their research and never invest money that we can not allow ourselves to lose. This top is to publicize the cryptocurrencies that are considered the most important for what they have brought to this decentralized world and because their projects have stood out.

In the world of cryptocurrencies, scammers are always coming up with new ways to attack and scam people who are not careful or who are new to this world. So if you are interested in this world, it is important that you know the risks and the most common scams so that you can detect them in time and easier. There are many types of cryptocurrency scams. The most common ones include the following: Fake websites These websites try to have a name or domain similar to popular or somewhat well-known exchanges but with some small differences, even internally they look very similar. These fake cryptocurrency sites operate in one of two ways: Phishing:The data you enter such as your cryptocurrency wallet password or recovery phrase and other financial information ends up in the scammers’ database. Like outright theft:  A site that tricks you by promising you a large return, but when you later want to withdraw your money, the site may close the application and even disappear at some point. Phishing scams This scam seeks to go straight for the private keys of cryptocurrency wallets. One of the methods that go hand in hand with the one mentioned above is sending an email to capture the recipients and make them enter the fake website and requests your private information, as they have it they steal the cryptocurrencies from the wallets Inflate and sell strategies This happens by promoting a particular coin or token through emails or social media, this way people log in and inflate the price. At this point, the fraudsters sell their holdings, which causes a drop in the asset’s value. Fake applications Another cryptocurrency scam is through fake apps available for download on Google Play and Apple’s App Store, which promise a way to make easy money through cryptocurrencies. Fake celebrities behind the scheme Sometimes, cryptocurrency scammers pose as celebrities to grab attention and sell phantom projects that don’t exist to inexperienced investors. Gift scams They happen when scammers promise to match or multiply the cryptocurrencies sent to them in what is known as a one-time opportunity gift scam. Fraudulent Initial Coin Offerings (ICOs) An initial coin offering or ICO is a way for cryptocurrency startups to raise money from prospective users. Customers are promised one-time profits, exclusive costs, and the opportunity to sell at a higher price at launch. But it ends up being a project that does not exist or has no real basis and after receiving the initial investment they abandon the project. How to Detect Cryptocurrency Scams Now these are some of the things you have to notice about a project to realize that it is a possible scam so it is better to take these precautions Promises of assured returns A mediocre or non-existent technical white paper Excessive and bad marketing Anonymous team members Free money or exaggerated gifts How to protect yourself from cryptocurrency scams We also share with you some extra barriers to being more secure Protect your wallet with well-thought-out passwords Invest in projects you understand Beware of misleading advertising Ignore cold calls Download apps from verified sources Research Conclusion: When navigating this world we recommend you be careful where you put your money, we remind you that it is important regardless of whether it is a scam or not when investing we never have to do it with money we can’t afford to lose.

In the world of cryptocurrencies, an ICO is the initial offering to the public of an asset and, in this case, a crypto asset. The characteristic of this stage is that we can find the price of the token very low which is usually a good investment opportunity for many people. Now we will share some steps with which we can launch our own ICO:  Step 1: Have an idea  Many currencies focus on small industries, creating blockchain solutions in preparation for Web 3.0, in others are simply looking to be a currency for others to invest in and trade. So the first thing is to find out what it is we want to work on or the problem we want to solve.  Step 2: Assemble a project team  Assembling a team allows you to consult with people who are likely to be experts in many of the regions where you need information. A strong team is a team that is prepared for all the adversities that may come in the stages ahead. Step 3: Write a whitepaper A whitepaper should state the currency’s problem, if any, and how it will solve the problem. This is the book that will contain all the complete project information, this will be the first thing that serious investors will look for.  Step 4: Capable contracts  We have to generate our smart contract, in the base blockchain or open source that we will use, if you don’t taste how to do this in The Blue Manakin we can support you.  Step 5: Select a sales model for your coin. Which one you choose may depend on several elements, including the location of your headquarters (as different countries have different rules about ICOs). Fixed-rate offering (Uncapped) It will remain at a fixed price for a certain amount of time, from which time customers of the token will buy it at the market rate. Soft cap The token creator institutes the minimum fundraising amount of the ICO and sets the price accordingly. Hard cap The token creator sets the maximum amount of elementary capital. Hidden cap Would keep key details secret until the public needs to taste them. Dutch auction The price of a coin starts with the highest sale price. Reverse Dutch auction There are a limited number of tokens and the number of tokens sold each day is divided equally over the duration of the ICO. Collect and return There is a fixed price, but customers can bid above this fixed price. Dynamic cap This prevents major investors from taking control of a large number of coins and gives smaller investors a chance. Step 6: Market your ICO and coin Before launching an ICO, the project must have significant interest for investors to buy a new coin. Step 7: Finally, launch your ICO  To launch your ICO, apply to exchanges such as Coinbase, and Binance which are the most popular to integrate your ICO, but there are many more, the important thing is that it is a known exchange to raise the confidence of investors. Conclusion ICOs are the first side of our project so it is important to make sure you move forward with a good action plan, providing potential investors with the information they need and performperforming general due diligence. At The Blue Manakin, we support you to create a whole strategy for your ICO to have the most successful launch possible, consult with us.

The importance of strategies Cryptocurrency projects, as we have discussed in several posts in this blog, need the best marketing strategies to stand out in this world where new projects with different types of proposals are launched every day. That is why we will discuss some of the strategies that we believe could help us to grow our project this year. The planning and execution of the marketing campaign: Any good plan for a successful launch of our cryptocurrency project must be prepared well in advance to reduce as much as possible the number of errors and problems that may arise with the launch of our token. For this reason, we recommend starting between 4 and 6 months before the date of the public sale of the token. The first thing to do to be successful in cryptocurrency marketing is to establish tools for tracking and measuring the results of the campaign. These include: Google Analytics and ADS. Running google ADS is something that can bring quite a few people to the project, nowadays it is more normal to stumble upon a cryptocurrency exchange or crypto project while surfing the internet or while watching a YT video. Hand in hand with ADS, there is Google Analytics with whom we can measure the data and results of the campaigns we do as well as the traffic generated. Management and content of social networks There are different social networks so the strategy to follow varies depending on the ones we are going to use, the same as the content that we will upload to this has to be different, normally if we talk about a cryptocurrency this is usually more serious, but this can also be different for example talking about one that is part of the metaverse. Below are the networks that we recommend along with the strategy that we think: Twitter: Twitter is usually one of the main means with which people are going to know about your project, so here what we will be looking for is to share the most relevant data as well as updates on the project, twitter should be the first place where we warn. The language we use varies with the project, but usually, if it is a cryptocurrency one we will use a more serious language unlike if it is an NFT one where there is usually more partying. Telegram: This social network is where we will have our community, it is the place where we will talk directly with users interested in our project and keep up to date with everything. Instagram: On Instagram, we will have a more personal approach, in which we can publish more about the mission and objectives we have with the project. Same here we will share a lot about events we attend to promote our project, as well as we can do live Q&A events and meet the founders. Community building They say that the best marketing is word of mouth, so building a community that is interested and loves your project is one of the most important tasks to have. For this, we have to always keep them interested in an environment that feels like family and belonging. It also serves to reward the community, this can be through giveaways, airdrops, and different activities that end up giving something to the people who participate the most in our project. In the end, they give life to the project and the people who arrive and see an active community, it is quite certain that they will stay. influencers Influencers are the people who can move our community in quite significant ways, of course as long as they are good, so it is important to look for them not only by the number of followers they have but also by the interactions they manage to have. The advantage of these influencers is that with a single story, a video, or in general any good collaboration achieved with them, many people will reach our project.  Collaborations with other projects. Another of the best ways to make our project grow is through collaborations with other projects, since this generates trust, especially if the project with which we collaborate is already at an advanced stage and has a strong and reliable community. Newsletter It is important to have a newsletter because this way we give priority to a more intimate and private channel with our clients and community, with which we can share accurate information about the status of the project or the things that have been achieved. This helps to build trust and connection, especially since in this space what we are looking for is to get large investors for the project and its future. Conclusion Depending on the focus of our project, some strategies might work more than others as each cryptocurrency community is different. The important thing is to always keep clear about what our goal is and use it most naturally and organically in our content. In The Blue Manakin, we support you to make the marketing strategy that best suits your project because we have experts who are both aware of the market trend. contact us