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4 Crypto Question Survey

I have recently developed 4 survey questions’ in order to learn more about cryptocurrency awareness in my community. The responses I receive will assist in the creation of future learning opportunities for all. Please take a minute and complete the survey by clicking the link below:
 
Thank you for your participation! If you are interested in learning more, or have any questions please message me!
– Raine Dawn
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Coinbase Learning

I discovered recently that you can earn crypto while learning about crypto on Coinbase. I am learning how specific cryptocurrencies work — and I get a bit of each currency to try out for myself.

So I have been learning about Stellar Lumen and XLM.  Stellar is a platform that connects banks, payment systems, and people. Stellar unites the world’s financial infrastructure so money can flow quickly and cheaply between banks, businesses, and people. It has some amazing potential.

For people sending money to family members overseas, Stellar offers a cheaper, faster alternative to traditional money transfer services.

Banks, businesses, and people can use Stellar to turn traditional assets, like dollars and euros, into tokens. These tokens can then be transferred and exchanged with any other participant on the Stellar network.

As a Coinbase customer, you can learn how it all works and you’ll earn XLM.  XLM is the Stellar networks own cryptocurrency which facilitates low-cost, universal payments on Stellar.

Digital assets on Stellar are protected by a decentralized global network of computers running Stellar’s open source software. These computers cooperate to confirm legitimate transactions and prevent malicious ones.

Stellar is a cooperation token, that globalizes the marketplace. I can see many benefits from participating in learning and sharing how Stellar works and how it can be applied to businesses as well as personal financial transactions. If you own a small business, Stellar could be a new platform for your business to connect to the digital world.

Click here to get started! Once you have watched the five 1-2 minute videos, you can invite up to 4 friends to earn XLM too! They can be new or existing Coinbase users. You’ll earn $10 in XLM for each eligible friend who completes a lesson.

Happy Learning and Earning!

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What is an ICO?

ICO stands for Initial Coin Offering, which is a fundraising mechanism for new projects. It’s somewhat similar to an Initial Public Offering (IPO) in which investors purchase shares of a company.  Through the process of selling their underlying crypto tokens, via a “presale” in exchange for bitcoin and ether, a company can raise funds for the development of a new application.

 

Legally, ICOs have existed in a gray area, however the Security Exchange Commission has declared: “federal securities laws apply to those who offer and sell securities in the United States, regardless whether the issuing entity is a traditional company or a decentralized autonomous organization, regardless whether those securities are purchased using U.S. dollars or virtual currencies, and regardless whether they are distributed in certificated form or through distributed ledger technology.”

The most important criteria to consider is whether or not the token passes the Howey test. If it does, it must be treated as a security and is subject to certain restrictions imposed by the SEC. In some cases, the token is simply a utility token, meaning it gives the owner access to a specific protocol or network; thus it may not be classified as a financial security. On the other hand, if the token is an equity token, meaning that it’s only purpose is to appreciate in value, then it looks a lot more like a security.

So what do I do with this information?

There are many companies that have created ICOs and more are being created everyday. If you were to find a company and a project that resonates with you and your vision for the future, you could invest in them by participating in their token presale.  This would not only help fund their project, but it would also get you a large amount of their tokens at a very low price.

When a project launches their tokens on the exchange, and it is a success, the price of the tokens rise exponentially. For example, say you participated in a presale for an ICO that gave you 10,000 tokens for $.10, then the token becomes popular and other people start to invest, making the price of each token rise to $1… You would profit from you investment.

The key is in the ICO you choose. There are many people out there promoting their ICO picks based off of knowledge gained through experience in the market, I suggest doing your own research made up of different ICO “pickers” and companies offering ICO presales. There are some ICOs that United States citizens can not purchase, make sure you read the white papers and any information the company has posted.

<3

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BACKUP your Wallet!

There was an issue in my close circle that I need addressed IMMEDIATELY here…
when using any type of wallet to hold your cryptocurrencies you must save your wallets private key, password, and 12 word phrase.

Full node desktop wallets will prompt you immediately to save your 12 word phrase, and will even ask you to re-type it before moving on…. when using an extension wallet you must go and find your phrase and back up your wallet yourself. They will tell you once, make sure you back up your wallet, but they will not show you without you taking the proper steps to find it.

This is the most important thing to realize when we use third party services like Jaxx, Coinbase, Etherdelta and so on…they are still in control of our funds… I realized this week when I moved my BTC from Jaxx, they wouldn’t allow me to take out all of my BTC… they said I needed to keep about $3 in there in order to have gas for transactions.

This has me realizing that by using these 3rd party services…I am allowing them to be the custodian of my $, and I am taking the beneficiary role.

We need to put ourselves into a situation where our finances are SELF-DIRECTED.

Doing so means to download full node desktop wallets like Electrum BTC, Electrum LTC, Ethereum Desktop wallet, or a hardware wallet such as a Trezor, or Ledger. While keeping your information backed up in multiple locations and in multiple ways.

We are learning as we go… we learn from our own mistakes and the mistakes of those around us. That’s what this community is for… we trust each other and are here for each other through it all, learning and growing together.

Do not let the fear hold you back…
We’ve all lost money before, we’ve all made mistakes, we’ve all given our power away… but now is the time for us to get through these trials and learn how to be in total control of ourselves.

 

If you haven’t backed up your wallets and
written down your private key, password and secret phrase…
do so now