Elastika: Blog Elastika: Blog https://www.elastika.org/blog/ Copyright by Elastika en Elastika Sat, 03 Jun 2023 19:34:19 -0400 Investing in Cryptocurrencies: Top 5 Popular Choices for Canadians

Cryptocurrencies have taken the world by storm, and Canada is no exception. With the increasing interest in the digital currency market, individuals are increasingly looking to buy crypto in Canada. There are many cryptocurrencies available in the market, but which ones are the best investments for Canadians? In this article, we will explore the top 5 popular cryptocurrencies for Canadians, their features and benefits, and why you should consider investing in them.

Bitcoin - The Leading Cryptocurrency

Bitcoin is the most popular and widely traded cryptocurrency in the world. It was created in 2009 and has since grown to become the leading digital currency. One of the reasons for its popularity is its decentralization, which means that it is not controlled by any central authority. Bitcoin is also a deflationary currency, meaning that there is a limited number of Bitcoins that can be mined, making it a scarce asset.

One of the benefits of investing in Bitcoin is its high liquidity, which makes it easy to buy and sell. Bitcoin is also widely accepted as a form of payment, with many businesses and merchants now accepting it. Another benefit is its high security, which is enhanced by its blockchain technology. This makes it a popular choice when it comes to buying crypto in Canada.

Ethereum - The Smart Contract Platform

Ethereum is a decentralized platform that enables developers to create smart contracts and decentralized applications (DApps). It was created in 2015 and has since grown to become the second-largest cryptocurrency by market capitalization. Ethereum's smart contract technology enables developers to create automated contracts that execute when certain conditions are met.

One of the benefits of investing in Ethereum is its versatility. It can be used for a wide range of applications, from creating DApps to powering decentralized finance (DeFi) platforms. Ethereum is also highly scalable, with ongoing upgrades to its network that aim to increase its transaction speed and capacity. Another benefit is its strong community of developers and supporters, which ensures its continued growth and development when it comes to buying and selling crypto on the market.

Litecoin - The Silver to Bitcoin's Gold

Litecoin is a decentralized cryptocurrency that was created in 2011. Its creator, Charlie Lee, created Litecoin as a lighter and faster version of Bitcoin. Litecoin is often referred to as the silver to Bitcoin's gold, as it shares many similarities with Bitcoin but has some key differences. For example, Litecoin has a faster block time than Bitcoin, which means that transactions can be processed more quickly.

One of the benefits of investing in Litecoin is its low transaction fees. Compared to Bitcoin, Litecoin's transaction fees are much lower, making it a more affordable option for investors. Litecoin is also highly secure, with strong encryption and a decentralized network. Another benefit is its strong community of developers and supporters, which ensures its continued growth and development.

Cardano - The Third-Generation Blockchain

Cardano is a decentralized platform that was created in 2017. It is often referred to as the third-generation blockchain, as it aims to address some of the scalability and sustainability issues faced by previous generations of blockchains. Cardano's blockchain is based on a proof-of-stake consensus algorithm, which is more energy-efficient than the proof-of-work algorithm used by Bitcoin.

One of the benefits of investing in Cardano is its focus on sustainability. Cardano's proof-of-stake algorithm is designed to be more energy-efficient than Bitcoin's proof-of-work algorithm, making it a more environmentally friendly option. Cardano is also highly scalable, with ongoing upgrades to its network that aim to increase its transaction speed and capacity. Another benefit is its strong community of developers and supporters, which ensures its continued growth and development.

Dogecoin - The Meme-Inspired Cryptocurrency

Dogecoin is a decentralized cryptocurrency that was created in 2013. It was originally created as a joke but has since grown to become a popular digital currency. Dogecoin's mascot is a Shiba Inu dog, which has become a popular internet meme. Despite its humorous origins, Dogecoin has a strong and dedicated community of supporters.

One of the benefits of buying Dogecoin in Canada is its low price. Compared to other cryptocurrencies, Dogecoin is relatively inexpensive, making it a more affordable option for investors. Dogecoin is also highly secure, with strong encryption and a decentralized network. Another benefit is its strong community of developers and supporters, which ensures its continued growth and development.

Final Thoughts

In conclusion, there are many cryptocurrencies available in the market, but which ones are the best investments for Canadians? Bitcoin, Ethereum, Litecoin, Cardano, and Dogecoin are some of the top cryptocurrencies for Canadians to consider. Each cryptocurrency has its own unique features and benefits, but they all share a common goal: to provide a decentralized and secure alternative to traditional currencies. Whether you are a seasoned investor or a newcomer to the digital currency market, investing in cryptocurrencies can be a rewarding and exciting experience.

Uncategorized https://www.elastika.org/blog/investing-in-cryptocurrencies-top-5-popular-choices-for-canadians/ https://www.elastika.org/blog/investing-in-cryptocurrencies-top-5-popular-choices-for-canadians/ Editor Mon, 03 Apr 2023 02:55:32 -0400
The Top 5 Benefits of Investing in Cryptocurrency for Long-Term Gains in 2023

Are you intrigued by the idea of investing in something that can potentially provide long-term gains? If so, cryptocurrency may be worth considering. Cryptocurrencies like Bitcoin, Ethereum, and others have been gaining popularity and acceptance over the years. But what exactly is cryptocurrency, and how does it work? In this article, we'll explore the top 5 benefits of investing in cryptocurrency for long-term gains, as well as the potential risks and how to get started.

What Is Cryptocurrency and How Does It Work?

Cryptocurrency is a digital or virtual currency that uses cryptography to secure and verify transactions and to control the creation of new units. Unlike traditional currencies, which are issued by central banks, cryptocurrencies operate independently of governments and banking institutions. They rely on a decentralized network of computers to process transactions and maintain the integrity of the currency. The most well-known cryptocurrency to buy is Bitcoin, but there are many others, including Ethereum, Litecoin, and Ripple, to name a few. Cryptocurrencies are created through a process called mining, which involves solving complex mathematical equations to validate transactions and create new blocks of transactions. These blocks are added to the blockchain, which is a public ledger of all transactions that have ever occurred on the network. The blockchain is maintained by a network of computers around the world, and every participant in the network has a copy of the blockchain.

Benefit #1: The Potential For High Returns on Investment

One of the most significant benefits of investing in cryptocurrency is the potential for high returns on investment. Cryptocurrencies have seen significant growth in recent years, with Bitcoin alone increasing in value from less than $1 in 2010 to over $60,000 in 2021. Of course, there are no guarantees in investing, and the value of cryptocurrencies can be volatile. However, many investors believe that the potential rewards outweigh the risks.

Benefit #2: Diversification of Your Investment Portfolio

Another benefit of investing in cryptocurrency is the diversification it can provide for your investment portfolio. Diversification is the practice of spreading your investments across different asset classes to reduce risk. Cryptocurrency can be an excellent addition to a diversified portfolio that includes stocks, bonds, and other assets. This can help reduce your exposure to market fluctuations and protect your investments from significant losses.

Benefit #3: Protection Against Inflation and Economic Downturns

Cryptocurrencies can also provide protection against inflation and economic downturns. Unlike traditional currencies, which can be affected by inflation and other economic factors, cryptocurrencies are not subject to the same regulations and government controls. This means that they can provide a hedge against inflation and a safe haven in times of economic uncertainty.

Benefit #4: The Potential For Anonymity and Privacy

Another benefit of investing in cryptocurrency is the potential for anonymity and privacy. Cryptocurrencies are decentralized, meaning that they operate independently of any government or financial institution. This can provide users with a level of anonymity and privacy that is not possible with traditional currencies. Transactions are recorded on the blockchain, but the identities of the participants are not necessarily revealed.

Benefit #5: The Potential For Social Impact Investing

Finally, investing in cryptocurrency can provide the opportunity for social impact investing. Social impact investing involves investing in companies or organizations that have a positive social or environmental impact. Many cryptocurrency projects are focused on creating a more equitable and sustainable financial system. By investing in these projects, you can support their mission while also potentially earning a return on your investment.

How To Get Started With Investing in Cryptocurrency

If you're interested in learning how to buy and invest in cryptocurrency, there are a few things you should know before getting started. First, you'll need to choose a cryptocurrency exchange, which is a platform that allows you to buy and sell cryptocurrencies. There are many exchanges to choose from, each with its own fees and features. You'll also need to create a digital wallet to store your cryptocurrency. This can be either a software or hardware wallet that allows you to securely store your digital assets. Once you've chosen an exchange and created a wallet, you can start buying and selling cryptocurrencies. It's important to do your research and understand the risks and potential rewards of each investment before making a purchase. You should also consider investing in a diversified portfolio of cryptocurrencies to reduce your risk.

Conclusion: Is Cryptocurrency a Good Investment For You?

In conclusion, cryptocurrency can be an excellent investment for those looking for long-term gains. It offers the potential for high returns on investment, diversification of your portfolio, protection against inflation and economic downturns, the potential for anonymity and privacy, and the opportunity for social impact investing. However, it's important to be aware of the risks and to do your research before investing. By learning how to buy crypto in Canada, and maintaining an educated, cautious approach, cryptocurrency can be a valuable addition to your investment strategy.

Uncategorized https://www.elastika.org/blog/the-top-5-benefits-of-investing-in-cryptocurrency-for-long-term-gains-in-2023/ https://www.elastika.org/blog/the-top-5-benefits-of-investing-in-cryptocurrency-for-long-term-gains-in-2023/ Editor Mon, 03 Apr 2023 02:52:57 -0400
What Are Blockchain Nodes? A Detailed Guide

Blockchain nodes are a hot topic in blockchain right now. And rightly so, because nodes are a vital component of a blockchain's architecture. Data on a blockchain would be inaccessible without nodes. Knowing that, let’s delve into and understand what are nodes in blockchain.


Blockchain is nothing but a series of data that are stored in the form of blocks. These blocks are distributed widely among different nodes. Any device can be defined as nodes such as computers, laptops or even large servers. 

All nodes on the blockchain are linked to each other and continuously exchange the most recent data with one other to keep all the nodes up to date. Therefore due to decentralized and peer-to-peer infrastructure, all the data is stored on nodes rather than on a centralized server which prevents the data integrity and reduces the risk of failure.

If you haven’t the slightest idea about blockchain, the recommendation would be to learn about blockchain first. It’s not too difficult to grasp, we promise. 

The functionality of blockchain nodes

When a miner seeks to add a new block of transactions to the blockchain, the block is broadcast to all network nodes. Nodes can accept or reject a block based on its authenticity (validity of signatures and transactions). 

When a node accepts a new block of transactions, it saves and stores it on top of the existing blocks. In a nutshell, nodes do the following:

  • Nodes determine if a block of transactions is genuine and then accept or reject it.
  • Nodes save and store transaction blocks (storing blockchain transaction history).
  • This transaction history is broadcast and disseminated by nodes to other nodes that may need to synchronize with the blockchain (need to be updated on transaction history).

What are different types of blockchain nodes

Complete Blockchain Nodes

A complete blockchain node, also known as an "archival" node, holds the whole blockchain and saves every transaction in its database. Furthermore, complete nodes validate blocks and maintain network consensus. 

Furthermore, certain complete nodes can add transaction blocks to the blockchain. Complete nodes help lightweight nodes by allowing them to broadcast transactions to the network without having to download the whole blockchain.

Pruned Blockchain Nodes

Pruned nodes make disc space available by eliminating or "pruning" blocks, beginning with the oldest. Pruning nodes erase old transactions after downloading the whole blockchain, leaving just the most current ones.

Lightweight/SPV Blockchain Nodes

Lightweight nodes merely download the "block header," which is the block's metadata. These nodes require less storage capacity and purely rely on data from complete nodes to provide simplified payment verification (SPV).

Master Blockchain Nodes

Masternodes are nodes that validate and record transactions on the blockchain. They, unlike full nodes, cannot add blocks to the network. Masternodes, on the other hand, may receive network incentives. Masternodes are also important in some on-chain governance structures.

Mining Blockchain Nodes

Mining nodes are in charge of freshly created cryptocurrency as well as the effort required to create new blocks. These nodes can be either full or light, and they frequently demand significant amounts of energy to "mine" transactions. Depending on the sort of consensus mechanism used by a blockchain network, mining nodes must demonstrate that they have completed particular duties.

Staking Blockchain Nodes

Staking nodes, like mining nodes, validate transactions across a blockchain network to maintain the consensus process. The widely used proof-of-stake (PoS) consensus method allows validators to receive rewards by verifying transactions without incurring the high computational costs of mining nodes.

Lightning Blockchain Nodes

The Lightning node is a network of blockchain nodes that are built on top of the Bitcoin blockchain. The Lightning Network's goal is to minimize congestion on the Bitcoin blockchain and enable quicker, lower-fee transactions. Lightning nodes pull transactional data off the main Bitcoin chain and verify it before re-pushing it. As a result, Lightning nodes relieve some of the loads carried by Bitcoin nodes.

Blockchain Node Responsibilities

Each sort of node on the network has varied needs depending on the blockchain. However, certain critical duties are shared across several networks. Accepting and rejecting transactions based on their legitimacy is one of the most important roles of a blockchain node. 

Nodes also hold blocks of cryptographically connected transactions. Furthermore, nodes serve as a point of contact for anybody in the network, including other nodes, to query the blockchain. Lastly, nodes let people access the blockchain's data.

Why are nodes important in blockchain?

One of the most significant advantages of blockchain technology is its immutable nature that protects data integrity. The replication of the same transaction record on numerous computers across the world, as well as the interweaving of transactions, enables next-generation levels of security, decentralization, and transparency.

Blockchain nodes are critical components of this distributed network of computer devices because they communicate the state of the blockchain throughout the network. If a node broadcasts inaccurate data, the network can immediately detect it and mitigate the problem. 

Blockchain transactions are immutable and essentially unquestioned because of nodes. Blockchains would be nothing more than sophisticated, untrustworthy databases without blockchain nodes. 

Furthermore, nodes enable blockchain networks to function without the need for a central authority or middlemen. A blockchain network may survive the destruction of an entire area or country if only one node remains. All network members may examine on-chain data using a block explorer thanks to nodes. Transactional data on public blockchains would not be visible to the whole network if nodes were not present.


Nodes are essential to the operation of a blockchain network because they ensure data integrity and keep all members honest. Most blockchain networks employ monetary incentives like mining or staking to encourage users to run full nodes. Regardless of the incentives, users voluntarily set up their own full nodes because they believe in the future of a project and want to help and maintain it as much as they can.

However, keep in mind that running a full node incurs costs and risks. While there are various available instructions, the process of creating them may be too difficult for those new with blockchain and programming.

Author and bio: 

Sinwan Zahid 

Content Lead at Metaschool - the best and most efficient web3 learning OS to elevate the future of the web. Linkedin Profile: https://www.linkedin.com/in/sinwan-zahid/ 

Uncategorized https://www.elastika.org/blog/what-are-blockchain-nodes-a-detailed-guide/ https://www.elastika.org/blog/what-are-blockchain-nodes-a-detailed-guide/ Editor Thu, 26 Jan 2023 07:33:37 -0500
Top White-Label NFT Marketplace Solutions To Start Your Business Quickly

Non-Fungible Tokens have been trending in recent years. Many marketplace platforms have been started and run successfully. The foundation of many NFT platforms providing a high-profit margin attracts many business minds to start their business in the NFT world. As many entrepreneurs and business owners want to enter this crypto sphere, the development service companies provide White-Label NFT marketplace solutions. Let's see some of the best white-label NFT marketplace solutions that facilitate one to start their business quickly and easily.

Top 10 White-Label NFT Marketplaces of 2022

1. Opensea Clone

The first NFT marketplace developed on the Ethereum blockchain network is the Opensea. This is one of the famous marketplaces with more active users and the first to cross the billion-dollar business. The success of the Opensea NFT marketplace has made many business minds develop the NFT marketplace to start their business in the crypto world. The first preference one has for their white-label NFT marketplace development is the Opensea Clone. 

2. Rarible Clone

One well-performing NFT marketplace with a huge audience is the Rarible marketplace. This Ethereum blockchain network-built platform has been in the market since 2017. Rarible is an exclusive platform with various domains with more active users next to Opensea. For one who wishes to create an NFT trading platform, Rarible Clone is one of the best choices. 

3. Foundation Clone

Foundation is a community-operated marketplace that executes NFT trading and is built on the Ethereum blockchain network. The Foundation clone script is a replica of the Foundation NFT marketplace that allows one to start their business in the crypto verse and facilitates one to mint and auction their NFTs. The Foundation clone is a result of a customized platform that enables NFT enthusiasts to start their businesses. 

4. SuperRare Clone

The SuperRare clone facilitates one to start their own NFT marketplace with customizable options and resembles the functionalities and structures of the SuperRare marketplace. This Ethereum blockchain-built marketplace enables buying, selling, minting, or bidding NFTs of digital artworks and supports creators, artists, and creative innovations like gaming skins, in-game assets, arts, etc.

5. Enjin Clone

The Enjin clone is a customizable, easy-to-build platform that resembles the Enjin NFT marketplace. This white-label NFT marketplace allows one to trade digital assets with various domains. This multi-chain ecosystem-built marketplace is an Ethereum blockchain network-built platform. 

6. Sorare Clone

The Sorare NFT marketplace entitles and showcases football-based NFTs as collectibles. This platform is built on the Ethereum blockchain network and showcases the collectibles to a particular target audience. The Sorare clone script helps one launch their NFT marketplace platform and allows them to start their business in the NFT world.

7. Solanart Clone

The Solanart NFT marketplace platform focuses on the growth of artists and creators. In this platform, the NFTs are traded or exchanged for Solanart to support and promotes the artworks. This fully-fledged marketplace is built on the Solana blockchain network. The Solanart clone script works almost the same as the Solana NFT marketplace, and one can launch this and join the NFT community.

8. Nifty Gateway Clone

The Nifty Gateway marketplace is built on the Ethereum blockchain and exclusively focuses on the art of NFT. This platform is for the artists and the creators, where they can showcase their works and get the recognition they deserve. The white-label solution for this platform can be built if one focuses on getting their target audience as artists and creators community. One can launch their Nifty Gateway clone and attain a global audience.

9. Solsea Clone

The Solsea NFT marketplace is built on the Solana blockchain network with fast operation performances. The white-label solution allows one to customize the platform according to business requirements. The Solsea clone script will help launch their marketplace platform with the Solsea NFT marketplace's end-to-end functionalities.

10. Binance NFT Marketplace Clone

Binance is an already known, famous platform in the crypto world. The platform has been thriving since its launch and taking big steps in its performance. They recently launched their NFT marketplace developed on the Binance Smart Chain (BSC). Binance is always moving to level up its production with various platforms and domains. The white-label solution to this trending marketplace platform will lift the platform's success.


The clone scripts of the top NFT marketplaces help one to choose the best platform to develop quickly. The customizable, cost-effective, and time-saving White-Label NFT marketplace allows one to start their business in one of the profiting fields. The NFT marketplace platform will enable one to trade non-fungible tokens and has several key features. But for a platform to engage its customers and attain a high range of target audiences, it should possess unique and useful features. The platform should entertain the right audience, attract potential customers, and generate leads for the platform to attain the success it deserves.

Uncategorized https://www.elastika.org/blog/top-white-label-nft-marketplace-solutions-to-start-your-business-quickly/ https://www.elastika.org/blog/top-white-label-nft-marketplace-solutions-to-start-your-business-quickly/ Editor Tue, 13 Sep 2022 04:48:31 -0400
Can Crypto Be Shorted Can Crypto Be Shorted

You’ve probably heard about people making money shorting stocks or other assets. But can the same principles be applied to cryptocurrency? Can crypto be shorted? The answer is yes! Shorting crypto allows you to make a profit when its value drops. However, you should only short cryptocurrency if you understand and accept the risks involved. Keep reading to learn more about shorting crypto and how you can get started shorting some of the top coins right now.

What is Short Selling?

Short selling, also known as shorting, is a way to make money when the price of an asset (stock, bond, cryptocurrency, etc.) goes down. This is different than when you buy and hold an asset, where you earn money when the price goes up. Short selling isn’t for everyone, and it does come with some risks. You could lose money if you short the wrong asset at the wrong time. Short selling is most commonly applied to stocks, but you can also short other assets such as commodities. When you short an asset, you’re borrowing it from a broker, selling it, and promising to buy it back at a lower price. If this price drops, you can buy the asset back at the lower price and return it to the broker to close out the trade. You make money because you bought the asset at a lower price and sold it at a higher one. You can lose money if the price of the asset goes up while you’re shorting it.

Can Crypto Be Shorted?

Is it possible to short cryptocurrency? The answer is yes.

There are a few ways to short crypto, but the most common involves trading crypto derivative products like futures or options. You can also short crypto by selling tokens at a higher price than what you bought them for and then buying them back at a lower price.

Keep in mind that shorting crypto comes with significant risks. Shorting is much riskier than buying because you’re borrowing money to purchase the asset. In order to short crypto, you’ll need to find a broker that lets you trade these products.

Crypto lending platforms are the new way to short crypto. You can lend your crypto on a lending platform and earn interest on it. When the value of the crypto goes down, you can buy it back at the lower price and earn profit. You can lend any type of crypto on these platforms. Shorting crypto through a lending platform is safer than regular shorting because you will get your money even if crypto completely tanks. You only have to pay attention to lending terms because they vary from one platform to another. You can earn anywhere from 8 to even 40 percent interest on your crypto. The risk with these platforms is that if something happens and crypto tanks, you might not be able to buy it back and you will lose your principal.Crypto lending platforms are the new way to short crypto. You can lend your crypto on a lending platform and earn interest on it. When the value of the crypto goes down, you can buy it back at the lower price and earn profit.

How to Short Cryptocurrency: Step by step

Choose an Asset to Short

You can short almost any cryptocurrency or other asset, such as gold, oil, or the S&P 500. However, the best assets to short are those that are highly volatile and have a high daily trading volume. You’ll also want to make sure that you’re comfortable with the liquidity of the asset, which is a measure of how easy it is to buy or sell at a particular time.

Research the Asset

Before you short an asset, make sure that you understand it, its current value, and its expected value in the near future. You may want to read the white paper or cryptocurrency news related to the asset. You should also pay attention to news about the asset and other cryptocurrencies. Try to identify the factors that might cause the price of the asset to rise or fall.

Open a Trading Account

You can short almost any cryptocurrency on several exchanges, including BitMEX, OKEX, and BitFinex. You can also short other assets, such as gold and oil, on select exchanges. Make sure that you’re comfortable with the exchange’s security and customer support. Many exchanges allow you to short cryptocurrencies with as little as $100.

Place a Short Order

Once your account is funded, you can place a short order and enter the price at which you want to short the asset. Keep in mind that the price is only a minimum price. The price could go even lower.

Cover the Short

You can close out your short position at any time. You’ll want to close out the position when you’re positive that the price has hit the bottom and is expected to rise from there.

Tips Before You Short Crypto

Be Prepared for Price Swings

Shorting is risky, and it’s best to short when the price of an asset has been falling for some time. However, you’ll still want to do your research and determine whether there are any factors that could cause the price of the asset to rise.

Keep Your Eyes on the Prize

Shorting isn’t a get-rich-quick scheme. It’s a way to earn money when a market is falling. You can use shorting as a way to hedge your investment portfolio and protect it from a market downturn.

Use Stop Orders

A stop order is an order that gets triggered when the price of an asset hits a certain level. Shorting an asset with a stop order is a good way to limit your losses if the price starts rising again.

Summing up

Shorting cryptocurrency is a valid investment method and a great way to make money when the price of an asset goes down. Shorting comes with some risk, though, so you want to make sure that you’ve done your research and understand the asset that you’re shorting. And make sure that you use a stop order to limit your losses if the price starts rising again. The best assets to short are those that are highly volatile and have a high daily trading volume. You can short almost any cryptocurrency, but you should be careful with assets that have a fixed supply because the price could go up instead of down.

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What is ASIC mining? Is it worth your capital investment? (ASIC) is an abbreviation for application-specific integrated circuit, which is a chip designed exclusively for a single purpose. ASIC miners are computerized devices or technical devices that solely mine digital currency utilizing ASICs. Each ASIC miner is programmed to mine a certain digital currency. As a consequence, a Bitcoin ASIC miner is restricted to mining bitcoin. Bitcoin ASICs are specialized bitcoin mining processors, often known as "bitcoin generators," that are configured to solve the mining algorithm.

Difference between ASIC mining and GPU Mining:

The purpose of ASIC mining machines is to mine a single cryptocurrency, such as Bitcoin or Litecoin. GPU mining is the method of mining bitcoins with a graphics processing unit (GPU) such as those made by NVIDIA or AMD. The apparent benefits of GPU mining are that the hardware is far less expensive than that necessary for ASIC mining, and the power consumption is significantly lower. GPUs, on the other hand, are substantially less efficient at mining bitcoins than www.bigskyasics.comASIC miners since they have other purposes in gaming and computer display.

What is ASIC mining? Is it worth your capital investment?

What is the use of ASIC miner:

It is the tool required for virtual mining:

The technique by which computers discover valuable virtual money in large volumes of virtual data is known as virtual mining. Because the procedure is time-consuming and requires a certain level of chance, it attracts daring customers from all over the world to participate in virtual mining.

Meet the requirements of the job:

The speed of the computer host is an important issue for all types of designers and users with video rendering processing needs to evaluate if the task can be completed successfully. Furthermore, smooth computer performance helps lessen workplace tension.

To satisfy consumers' desire for gaming amusement:

With the rapid growth of the gaming business, netizens who play computer games have created an emotional bond in the community. As a result, users deserve to purchase high-performance mining equipment for the sake of the gaming experience and the community.

Best Currencies for ASIC Miners:

Bitcoin (BTC):

Bitcoin, the main cryptocurrency, is at the top of the list. The extraordinary price growth per coin over the previous many years has enhanced its profitability. Despite the fact that the return to miners is cut in half every four years, the price has steadily risen after a certain period of time, making it even more profitable, and because it is a PoW-powered platform, all mining rewards go to miners.

Ethereum (ETH):

You may assume that mining ETH is no longer viable since the network is switching to a proof-of-stake (PoS) technique. To some extent, you may be accurate. However, Ethereum 2.0, its PoS upgrade, is a multi-year undertaking, thus it will continue to support PoW for some time.

Litecoin (LTC):

For those looking to mine something new, such as a blockchain with a lower mining difficulty than BTC, LTC is a viable choice. Despite the fact that it is a PoW system, LTC differs from Bitcoin in terms of hashing algorithms, since it uses Scrypt. As a result, unique ASIC Litecoin miners are required.

What is ASIC mining? Is it worth your capital investment?

Steps to mine Cryptocurrency with an ASIC device:

To mine cryptocurrency using an ASIC device, follow these steps:

  • Select an ASIC mining setup.
  • Select your mining software.
  • Join a trustworthy mining pool.
  • To assure that you will benefit, use a mining profitability calculator.
  • Create a new Cryptocurrency wallet or utilize one you already have for your Cryptocurrency rewards. This can be a hardware or software wallet.

The Advantages of ASIC Mining:

ASIC mining is more expensive in terms of hardware than other mining approaches, but it offers some important advantages. As an illustration:

  1. Easy to set up:

Due to the nature of mining a single currency, they provide plug and mine capabilities.

  1. High mining efficiency:

In terms of processing power and efficiency, ASICs exceed GPUs and CPUs.

  1. Relatively high profits:

 With the power of an ASIC, you are almost certain to meet the target and collect your rewards sooner than with any other type of hardware.

  1. Low energy consumption :

As a consequence of recent mining advancements, these devices have been designed to consume less energy per computing capacity than other mining models.

Is CryptoMining a good Investment? What are the benefits?

Cryptocurrency Mining has the Following Advantages:

Good Revenue:

The amount of money you may make mining bitcoin is immense, and it is always increasing. You may earn extra money without even having to work if you know how to mine bitcoin! Cryptocurrency mining is a high-rewarding pastime that necessitates the purchase of hardware, internet access, and electricity, but it also has a high earning potential for those who want to do it full-time!

It is Flexible:

The exciting aspect of cryptocurrencies is their volatility. If prices rise, a miner can earn extraordinary, once-in-a-lifetime returns, providing him with financial stability. But it doesn't stop there. Cryptocurrencies are censorship-resistant and global in nature, which means they may operate as a store of value during times of uncertainty or financial crisis.

It is Secure:

Mining cryptocurrencies includes employing processing resources to solve complicated math problems that validate blockchain network transactions. It improves security since hackers cannot simply gain access to your computer system if you utilize this approach of making money online rather than other sorts of fraud. A coin cannot be stolen if you control the private keys to it. Private keys are code words that provide the owner the ability to spend money. They function as digital signatures that confirm ownership. There is no feasible way to differentiate between private keys.

They are Immutable:

Cryptocurrencies are digital, and sealed transactions are irreversible. This means that each coin in circulation is tamper-proof and cannot be copied, thereby eradicating fraud. Because private keys guarantee ownership, bitcoin may herald the end of the fractional reserve-induced boom and bust cycles.

Good Potential to Grow:

Because cryptocurrency mining has been there for about a decade and its use is increasing considerably every day, it has high growth potential. Mining for cryptocurrencies has grown at a rapid pace, with bitcoin's value jumping by more than 1,500% since 2016. This implies that if you're prepared to spend money on equipment and energy expenses today, your firm has a strong possibility of growing exponentially over time as long as you keep investing in stronger equipment and power prices year after year!

What is ASIC mining? Is it worth your capital investment?


Mining cryptocurrencies offers several advantages over traditional ways of money production. It is quick, efficient, and eco-friendly. It can make you a lot of money if done correctly with the right ASIC miner.

Uncategorized https://www.elastika.org/blog/what-is-asic-mining-is-it-worth-your-capital-investment/ https://www.elastika.org/blog/what-is-asic-mining-is-it-worth-your-capital-investment/ Editor Fri, 15 Jul 2022 23:30:25 -0400
Are NFTs Here To Stay Since its inception, NFT skeptics have warned rookie art investors and digital creators about the instability inherent in the rapidly developing and largely unregulated crypto NFT market. These stability problems were brought to the fore in the most recent market downturn, with experts connecting the news of higher interest rates announced by the US Federal Reserve and the infamous Luna stable coin de-pegging debacle to the worst crypto market downturns since the tail end of 2021 -- when Bitcoin dropped from a euphoric all-time high of almost $70,000 to a low point of around $30,000.

As the market enters what appears to be a bear market, several NFT projects have been hit with devaluations and value losses that have significantly impacted community morale. However, regardless of the FUD(crypto lingo for Fear, Uncertainty, and Doubt) being thrown around during this crisis, value investors and speculators will be relieved that while transaction volumes were falling, many NFT collections were resilient to hold the line.

How Are Popular NFT Projects Fairing?

To clarify, NFTs do not trade the same way as cryptocurrencies, as their trading volumes are drawn from user interest, network effect, and the availability of coveted NFTs. As a result, each NFT bear market serves as more of a price floor testing period rather than a real fall where you could lose your asset. 

According to data from OpenSea, the leading NFT marketplace, and NFTGO, an NFT analytics site, most of the top projects have not recovered from their three-month market capitalization and trading volume low, but seem to have increased their holding sentiment and average prices. 

In the last three months alone, The Bored Ape Yacht Club collection, an NFT project from Yuga labs, has lost almost 15% of its value, but its trading volume has increased by 16% over the same period. Perhaps more importantly, however, the BAYC project has increased its floor price and average price by 2% and 29%, showing buyers are still very much interested in the BAYC vision. 

In the same vein, Cryptopunks, another NFT project whose IP rights were recently acquired by Yuga labs, is showing signs of resilience. The project’s market cap and trading volume reduced significantly during the worst period of the downturn – which experts believe is now over. In contrast, its number of holders remained the same, meaning the project retained its floor price. In addition, the further market analysis focused on the shorter 7-days time frame shows significant price recovery.

Likewise, other NFT collections in the top 10 show encouraging signs of recovery, and the market sentiment is generally calm. This trend can already be observed in NFT collections like Otherdeed, Art blocks, and Joyworld, which are stable and trading towards the upside. Others like BAYC, MAYC, Meebits, Sandbox, and more are on the verge of price recovery.

Other NFT Projects

Many developers and investors in the NFT space are infamous for shilling and trying to maximize profits on their various projects and collections. As a result, the NFT market is associated with notorious volatility similar to that of cryptocurrencies, making them high-risk assets. Despite this fierce competition amidst legitimate and shady projects alike, several promising collections with unlimited potential continually emerge. For example, new projects like Yuga lab’s Otherdeed, goblintown.wtf, Azuki, Chimpers, rekt guy, and many more have shown investors and speculators that both fresh and established NFTs can thrive even during hard times. A few days ago, renowned rapper Snoop Dogg, and Cozomo de’ Medici, a self-acclaimed grand patron of digital arts, announced their purchase of new rekt guy NFTs on Twitter. 

The tax implications for NFTs and Crypto are complex and confusing. Be sure to seek the services of a qualified Crypto tax accountant to stay in compliance with tax obligations.


The NFTGO Blue Chip Index shows incremental signs of reversal since hitting a three-month price bottom, confirming that the worst is already behind. In sum, regardless of the threat of future crisis or pressing IP concerns, such as the theft of Seth Green's Bored Ape NFT, the NFT market has proved sustainable resilience and the robust capacity required of any financial asset. Thus, proving critics wrong yet again.

Uncategorized https://www.elastika.org/blog/are-nfts-here-to-stay/ https://www.elastika.org/blog/are-nfts-here-to-stay/ Editor Fri, 24 Jun 2022 04:59:41 -0400
Will Mining Damage Your GPU? Your Options in the World of Graphic Cards Crypto mining is widely recognized for using a large number of graphics cards and rapidly burning them. When many people think about cryptocurrency mining, they see warehouses full of graphics cards running at their maximum, fastest performance settings — yet many others do it on a smaller scale in their homes.

If you're thinking about utilizing your GPU to mine cryptocurrency, assess if the strain on the equipment and the power cost is worth the profit.

GPU Mining:

GPU mining is a popular mining technique. It necessitates the use of high-performance graphics cards. These allow you to optimize and improve the computing capabilities of the machines on which they are installed. That is why we are here today to talk about GPU mining. GPUs were mostly meant for use in video games; nonetheless, they were helpful for mining cryptocurrencies such as Bitcoin mining. In terms of computing capability, these GPUs exceed ordinary CPUs. A graphics card, a CPU, a motherboard, a platform frame, and a cooling system are all included in a GPU kit. They can total up to $3,000 in price. As a result, there are lower-cost options to begin with, such as CPU mining.

Will Mining Damage Your GPU? Your Options in the World of Graphic Cards

How Mining Damages GPU:

This is determined by how you configure and optimize your GPU. You have nothing to worry about if you utilize the proper settings!

A graphics card, like any other electrical component, will use power when in use, with the bulk of this electricity being converted to heat. These components become hotter than typical while under demand (gaming, rendering, mining, etc). This heat must be removed from the heated graphics card core. In certain circumstances, consistent GPU mining may be more secure than gaming. Because the demand is properly dispersed over time while mining with a GPU, there are no heat spikes or rapid decreases that might harm the GPU. When gaming, there are loading periods, various graphics, and maps that place a varied demand on your GPU at different moments. This causes the GPU's temperature to rise to 70°C or even 80°C before falling down to 50°C.

When mining with the proper settings, your GPU's thermal burden should be rather equally spread across time; for example, a GPU may run at 65°C all the time.

How to Keep Your GPU Safe While Crypto Mining:

Keep it Clean:

You don't want dust or filth on your graphics card. Instead, you want the fans to be clean and the card to be clear of junk. Dust not only clogs the fans and prevents them from operating properly, but it also raises the temperature of the card. If your system is dirty in any way, make sure you open it up and dust it on a regular basis. It should not be left on your components.

You should also keep your system somewhere somewhat cold so that it does not have to work against the ambient temperature of the room to keep the GPU temperature stable.

Make use of the Cooling System:

Consider utilizing a higher-end air cooler with a larger air moving capacity. You may also seek an all-in-one liquid cooler or a bespoke liquid cooler. These may keep it cooler than just the standard fans.

Make sure your case has adequate fan management and lots of locations for cold air to enter in and heated air to get out.

Use Right Settings:

When configuring your computer for mining, don't dive in without first knowing how to accomplish it. Experienced crypto miners believe that with the right settings, you can keep the temperature reasonably low rather than hitting near the maximum temperatures that it is capable of. This should allow it to work for a longer period of time.

Crypto mining is a complicated world to enter. Before you join a mining pool, understand everything you can about mining. You may be able to protect a larger portion of your investment this way.

Lower the Power Limit:

You can keep the GPU cooler by limiting the amount of electricity it can draw. Each graphics card comes with software that allows you to choose how much power it needs, the clock speed, and the maximum temperature. This will help it live longer.

Reduce the power restriction to 70 or 80 percent of the maximum and see the effect on your temps. You'd be shocked at how much cooler things can run. You may also set a maximum temperature or reduce the voltage.

Thermal Paste:

Thermal paste or pads are used on all GPUs to keep their components cool. These serve as a lubricant as well as a means of transferring heat away from sensitive sections.

The longer a graphics card is used, the more probable the thermal paste has dried up. When the paste or pads on a GPU need to be changed, you may notice that the temperatures rise more often. If you're mining and the GPU is active on a regular basis, keep an eye on the temperatures to determine whether to replace the thermal paste or pads.

Graphic Cards for Mining:

A time-consuming activity like bitcoin mining needs a significant amount of processing power and memory. You'd need a graphics card that meets the optimal performance level while staying within your budget. When looking for graphics cards for bitcoin mining, you should look for alternatives that can handle a heavy load. You would also need a longer processing time, which implies the CPU would have to run continuously. Special standards or characteristics are required for speedier processing and high-speed applications. When shopping for a graphics card, you should examine parameters such as capacity, memory, speed, and overclocking potential.

Your options in the world of Graphic cards:

Nvidia GeForce RTX 3060 Ti:

This graphics card is among the top in terms of overall performance. It is an amazing card with impressive potential. It is built on Nvidia's newest Nvidia architecture and is suitable for both gaming and mining. In terms of performance and efficiency, it comfortably outperforms the RTX 2080 Super.

Another outstanding characteristic is the low energy cost. It features a HashRate of 60MH/s and an 8GB GDDR6 VRAM memory. The composition is made up of 4,864 CUDA cores. It performs well in various criteria as a cheap RTX 30 GPU.

GTX 1050 Ti:

This graphic card is the least powerful on this list, yet it is popular owing to its modest price - at $140–$170. These cards come with 4 GB of RAM. The suggested overclocking levels for the core are 150 MHz and 500 MHz for the memory.

Despite its inexpensive price, this model may not be appropriate for everyone. The best coins for this card are not well recognized. The card is also unsuitable for Ether. Furthermore, because of its price, the GTX 1050 Ti is well suited for those who need to put together several systems.

AMD Radeon RX Vega 56:

The Vega 56 is one of the finest value graphics cards available today for gaming and mining.

Like other AMD cards, it might be difficult to get a new one, and buying one second-hand can be problematic because the card has most certainly been used extensively for mining and may not be in the finest shape.

RTX 2080 Ti:

Nvidia's flagship graphics card. This graphics card, according to its designers, is six times faster than its predecessors and boasts 11 GB of memory. However, when mining directly, the payback period for the RTX 2080 is determined by its price and the volatility of the cryptocurrency market.

The card is most effective in extracting ZHash, Ethash, and Equihash. Despite better features and a price that exceeds $1,200, it offers several advantages.

Radeon RX 5600 XT:

AMD's previous generation Navi GPUs are excellent at mining, and the 5600 XT can achieve over 40MH/s while using just approximately 115W. Depending on the pricing, the RX 5500 XT 8GB may possibly be worth considering. Mining performance is lower, but efficiency and break-even time are nearly the same as those of the 5600 XT.

Which is the Best Card?

It is difficult to provide an impartial response to the topic of which graphics card to use for mining. The crypto mining industry is vast, with thousands of algorithms constantly evolving. Although new video card models are constantly being released, there are special drivers for certain sorts of cards, and mining clients have been upgraded and modernized. Top cryptocurrency values are similarly erratic, and this is only the tip of the iceberg. It is simply difficult to choose the ideal video card for each situation due to the existence of such a large number of parameters. As a result, customers should select a package of cards that will meet their mining requirements.

Uncategorized https://www.elastika.org/blog/will-mining-damage-your-gpu-your-options-in-the-world-of-graphic-cards/ https://www.elastika.org/blog/will-mining-damage-your-gpu-your-options-in-the-world-of-graphic-cards/ Editor Thu, 23 Jun 2022 08:26:41 -0400
Different Crypto Storage Options & How to Use them In the world of cryptocurrency, there is a growing threat from scams, hackers and thieves. With this in mind, keeping your funds safe is paramount. To do this effectively, blockchains use crypto wallets to store the private keys needed to access your funds. To make it even clearer, if you lose access to your crypto it’s likely gone forever, as there is no protection from a bank account of brokers. It’s estimated that over 3 million Bitcoins alone have been lost forever. 

You have many different options on the market for storing cryptocurrency, so let’s take a look at these options and the pros and cons of each. 

What is a Crypto Wallet? 

Crypto wallets allow users of a blockchain to undertake actions with their digital assets such as sending, trading, and storing. Although cryptocurrency usually remains on the blockchain, crypto wallets are a form of storage like a real-life wallet. The overall function of these wallets is to keep your private keys (the passwords that give you access to your cryptocurrencies) safe and easily accessible. 

The overall goal of your wallet is to not lose your private keys, as you don’t store the live crypto in the wallet, but only the way to access them. With this in mind, it’s important to choose the right hardware for your crypto wallet, for peace of mind, safety and usability.

How Does a Crypto Wallet Work? 

Each crypto wallet has a unique address that is a long string of alphanumeric characters. There are 3 forms of crypto wallets on the market currently, and these are software wallets, hardware wallets and paper wallets. Each different option has its own benefits and downsides in regard to convenience and security.

Each crypto wallet additionally is comprised of 3 key elements: 

Public Key: Similar to a bank account number.

Private Key: A way of verifying access to transactions, like a pin number or passcode.

Wallet Address: A hashed version of your public key that can be shared when you need to receive or exchange assets.

Once you create a crypto wallet, you will be issued a seed phrase, and this is a human-readable version of your private key, typically this can be a 12-word phrase that must be inputted in the correct order to gain access to a wallet. These seed phrases need to be kept private and secure to ensure you can always access your wallet and its contents.

The other important distinction to be aware of is between hot and cold crypto wallets. Hot wallets have access to the internet and are often used for exchanges. Cold wallets aren’t connected to the internet and store private keys on a device or medium, these are considered safer but reduce convenience. 

The Different Types of Wallets

Software Wallets

Generally considered a ‘hot’ wallet, software wallets are always connected to the internet in some shape or form. This is considered to be less secure, but more convenient to use.  There are some key types of software wallets to be aware of, and each one suits a different type of user. 

Mobile wallet:

These are designed specifically for mobile phones and allow for sending and receiving crypto a lot more convenient making use of mobile-friendly technology such as QR codes.

Desktop wallet:

This is when software is installed on a computer, offering more control over funds.

Hosted web wallets: used to interact with blockchains through a browser with keys and assets stored by a third party. 

Non-custodial web wallet: you can interact with blockchains through a browser or plugin, with users retaining full control of their assets.

Paper Wallet

Paper wallets are by far the most basic, but also, likely to be the most secure crypto wallet option. Paper wallets involve storing your seed phrases, private keys, QR codes and vital information on a physical medium, such as a piece of paper. 

Paper wallets can be highly secure as they never access the internet, and thus cannot be hacked, but are also vulnerable to destruction if they get lost, or are destroyed through events such as house fires. That being said, if you often exchange cryptocurrency, you may find it hard to input all your private key data by hand each time you require it. 

Hardware Wallet

Hardware wallets are devices designed to prevent private keys from being exposed to the internet, instead of storing the keys offline on the device itself. The hardware wallets look and behave like USB drives and are the most convenient form of cold storage.

When you want to access the funds, you simply connect the device to the computer with the device itself signing off on transactions before accessing the blockchain, essentially acting as a bridge in this scenario. It’s important to note, however, that hardware wallets are the most expensive option, but also offer a great compromise between convenience and safety. 

Our Verdict

As far as we can tell, each form of crypto wallet suits a different type of user, and are all safe and effective ways to store digital assets. Which type of wallet you require depends on how much you interact with the blockchain. For example, NFT collectors, or crypto traders can benefit from software and hardware wallets as they need to exchange crypto often. On the other hand, if you want to store crypto for a long period of time, paper wallets can be a helpful solution. Click here if you wish to know more about Crypto Storage options.

Uncategorized https://www.elastika.org/blog/different-crypto-storage-options-how-to-use-them/ https://www.elastika.org/blog/different-crypto-storage-options-how-to-use-them/ Editor Fri, 15 Apr 2022 23:46:17 -0400
Everything You Need to Know About Liquidity Pools Liquidity pools are one of the foundational technologies behind the current Decentralised Finance (DeFi) ecosystem. Essentially, they are large funds of money used to facilitate token trading on decentralised exchanges (DEX). These pools of cryptocurrency are crowd sourced and provide the liquidity required for digital assets to be traded for each other using automated market makers. Liquidity pools are essential to yield farming, synthetic assets, blockchain gaming, on-chain insurance, burrow-lend protocols and automated market makers to name a few. Overall, liquidity pools and their providers are the reason we have such a flourishing decentralised finance ecosystem.  

We’re going to take a look at liquidity pools and uncover exactly what they do within DeFi. 

What’s a Liquidity Pool? 

In simple terms, a liquidity pool functions as a vault where users deposit different crypto assets to make DEX markets more liquid. When they deposit into a liquidity pool, users create trading pairs, which form a market. Then users can trade different cryptocurrencies for each other by using these trading pairs. 

The idea of a ‘vault’ allows for the whole process to be handled automatically by code. This ensures that liquidity pools are permission less. This allows for greater trust between parties as the entire process from start to finish is handled automatically, and everything is secure. Additionally, anyone can contribute to these pools, so they have the added benefit of being accessible too. 

How do Liquidity Pools Work?

Centralised exchanges tend to rely solely on books and market markets to boost liquidity and facilitate trades. This traditional model just doesn’t fork for DeFi as the trades are happening quickly on-chain and could incur high fees.

Instead of this, in liquidity pools, automated market makers (AMM) are used to facilitate on-chain trading and manage prices without the need for order books. AMM’s use complicated algorithms and smart contracts to constantly rebalance prices according to supply and demand and this allows traders to obtain positions using illiquid pairs that would be difficult to execute otherwise. 

This occurs because when a trade happens using an AMM, you are actively trading against the liquidity in the pool, making virtually any token pair possible (such as USDC-ETH). This also means that as a buyer you don’t need to match up with the seller, you only need there to be enough liquidity within the pool itself. 

Incentives for Liquidity Pools

To encourage users to deposit and lock in their cryptocurrency into liquidity pools, protocols offer incentives, often in the form of liquidity pool tokens. These tokens represent the user's stake in the pool and have a value of their own. This process Is known as liquidity mining or yield farming. During this process, users’ funds are usually locked up for a set period of time, with the reward calculated to be the annual percentage yield (APY) of their contribution overall. 

Many blockchains have their own token standards, but all follow a standard model. For example, Ethereum allows most deposits to be made using an ERC-20 token, with the yield rewards issued as the same, and then rewards for pledging assets into liquidity pools are funded by the protocol fees or are newly minted. 

What The Future Holds

The gap between blockchains is being bridged by liquidity pools. Known as cross-chain bridges, there is an emerging technology that allows different blockchains to interoperate as securely as possible. These bridges can facilitate the interaction between disparate networks’ token standards and smart contract codes, allowing for trading between them. 

As well as the growing DeFi insurance sector, liquidity pools are also being put forward as a way to boost voting power with governance tokens. With like-minded people pooling their governance tokens, users can effect change in different protocols if enough support is provided.

In addition, there’s an emerging DeFi sector known as insurance against smart contract risk, the implementation of these insurances is powered by liquidity pools, and is expected to grow in the future.

Risks Involved

Risks related to liquidity pools are low, but there are some to be aware of. 

The first is impermanent loss. This is a loss in dollar value that occurs when the price of your locked-in assets changes in relation to when you added them to the pool. This loss can sometimes be small, or catastrophic, so make sure to be aware of how to reduce this risk.

The next issue that comes up is smart contract bugs, these occur when you deposit funds into a pool. This means that there are no middlemen holding your funds, so these smart contracts used can suffer from bugs. These bugs can be human error, tech errors or exploits such as a flash loan that can lose your funds forever. 

We would also advise that you be wary of projects where developers have permission to change the rules governing the pool itself. Some developers have an admin key or access to the smart contract code, and this can enable them to potentially undertake malicious undertakings like taking control of the funds in the pool.

Although these risks are rare, awareness can also reduce risk exponentially, so make sure to keep an eye out for these factors. 

The Verdict

In the current DeFi technology stack, liquidity pools are emerging as a core technology. They enable decentralised trading, yield generation, lending and much more. We have found that liquidity pools are the perfect solution to the current illiquidity issues DeFi faces, but are complicated to understand and undertake solo. 

If you’re ever in doubt and want to partner with the right people, we have the lowest fees in Australia for our crypto management systems. 

Uncategorized https://www.elastika.org/blog/everything-you-need-to-know-about-liquidity-pools/ https://www.elastika.org/blog/everything-you-need-to-know-about-liquidity-pools/ Editor Fri, 15 Apr 2022 03:49:15 -0400
NFT Drop for the World’s first Metaverse Cricket Game to be Underway Soon – Here are the Details!

Lately, there has been a lot of chatter around the news of the NFT drop event for the world’s first NFT-based cricket game. We can see a lot of social media posts talking about the information in detail and experts decoding the possible nature of tokens to be provided in the loot. As the time ticks, the venture behind the event released a few masterstroke updates in the space of a few days, which got everyone on their heels. Adding to this, a lot of crypto and NFT bloggers have been expressing their opinions on the upcoming NFT drop, which further hypes up the event as it nears. In this blog, we will see more about the game and its NFT drop in the current discussion and also guide you a little on signing up for the NFT launch.

What is the Game All About?

The world’s first NFT-based cricket game, “Meta Cricket League,” is the game we are talking about, and the game’s developers are planning to launch their maiden NFT collectibles through the Super Loot drop. The NFT drop event is set to occur on April 22, 2022, and a live countdown has been running on Jump.trade, the official NFT marketplace platform associated with the game, where the event will occur. All the products mentioned above have been developed by GuardianLink, an NFT applications development firm popular for its NFT security protocols and celebrity NFT marketplace platforms.

What will We have in the Super Loot NFT Drop?

The Super Loot NFT drop would contain various kinds of NFT collectibles, including digital player cards, digital cricket equipment cards, and authenticated original signed physical NFTs from legendary cricket players. Also, we can find information in the Jump.trade NFT marketplace’s website says anyone who purchases NFTs from the Super Loot would get any one of the following combinations of NFTs - “Metaverse cricket team players NFT,” or “Authenticated signed digital NFTs of legends,” along with the metaverse cricket team player NFTs. One can also view the prices of the NFT collectibles on the Jump.trade NFT marketplace platform’s website. Buying one NFT collectible costs $25, while purchasing a set of five NFT collectibles costs $125 and comes with a free treasure box. The Super Loot NFT launch event is set to feature 25,000 NFT collectibles in total, which is a large number in the context of sporting-based metaverse games.

How to Participate in the Super Loot NFT Drop?

For being part of the Super Loot NFT drop, one should register in the Jump.trade NFT marketplace platform as a user. To do so, go to the “Sign Up” tab and carry out the typical account creation process by providing some basic personal information (name, email address, and mobile number) and a strong password to protect your Jump.trade account. After verifying your email address through the steps given in the verification email, you can start going around the Jump.trade NFT marketplace platform as a registered user. But, to be able to purchase an NFT collectible, you should need to fill in the stable coin Tether/USDT in the digital wallet given in the marketplace platform. Note that you need to load in at least 100 Tether/USDT to be able to carry out transactions on the platform. After that, the only thing you could do is to patiently wait for the Super Loot NFT drop event while looking out for the occasional update on the website of the Jump.trade NFT marketplace.

Cricket X NFTs – How would the New Game Change Things?

Cricket has already seen NFTs based on it with a few marketplaces earlier. They monetized the video clips from various cricket tournaments across the globe. Although those ventures had the intention of stepping into the gaming world with NFTs, the Super Loot NFT drop came as a surprise as no one expected a new player to enter the almost uncompetitive blockchain cricket gaming market. With their intentions, the developers made it clear that their mission is to create the first metaverse for cricket, where cricket fans, professional gamers, and NFT enthusiasts can mingle and socialize while playing a fun game of cricket. 

With the current metaverse-based games going in a more social platform-like way and with ecosystems like Axie Infinity thriving without a metaverse, the Meta Cricket League NFT game could prove to be the bridge between sporting games and the metaverse. With that being said, the Super Loot NFT drop event would pave the way for further up-gradation of the metaverse for cricket.

Also, as far as the video gaming industry is concerned, cricket has not been one of their strong revenue generators. Even though the cricket gaming products of some gaming world giants got popular and are cherished by millions even today, the games were victims of piracy that, resulted in a huge revenue loss for the developers. The prospect of play-to-earn (P2E) might answer most of the problem, as players can now get some kind of monetary return for their investments, unlike the older video games. With P2E gaming, players can now earn additional income even when playing the game as a hobby.


Therefore, we can conclude that the upcoming NFT drop event from Jump.trade NFT marketplace has earned enough attention through various means. One should not miss the event, especially if they are enthusiastic about cricket, gaming, and NFTs. Also, the future cricket game for which the NFT items are to be sold is promising, given the opportunity provided to the players through the P2E option. As the NFTs are aimed toward different spectra of people, they can serve multiple purposes, including being in-game items, virtual collectibles, and tradable digital assets. Thus, no one would want to skip the good part of the blockchain gaming world, which is yet to come.

Uncategorized https://www.elastika.org/blog/nft-drop-for-the-worlds-first-metaverse-cricket-game-to-be-underway-soon/ https://www.elastika.org/blog/nft-drop-for-the-worlds-first-metaverse-cricket-game-to-be-underway-soon/ Editor Sat, 09 Apr 2022 10:07:02 -0400
Legal Guide for Cryptocurrency Investors - What You Need to Know

Cryptocurrencies have captured the public’s imagination, becoming one of the most widely discussed financial innovations in recent years. If you follow news on crypto, you can see there are a lot of things happening in this field each day.

The fact is, we’re still in the early days of this new digital asset class, and the regulatory landscape around it continues to evolve. As a result, it can be challenging for individuals who want to get involved with cryptocurrencies to understand where and how to start. If you’re new to the world of cryptocurrency investing, you’ve come to the right place. This article is a legal guide designed to answer the most frequently-asked questions around investing in cryptocurrencies.

What does the law say about trading cryptocurrencies?

Investors who are interested in trading cryptocurrencies must first understand the differences between a speculator and a trader. A speculator buys and sells cryptocurrencies on the basis of expected profit, while a trader may also hold some assets (such as cryptocurrencies, ICO tokens, NFT or crypto art) as a long-term investment. There are also professional traders who handle cryptocurrency trades for clients.

When it comes to trading cryptocurrencies, each state has its own set of rules. While many U.S. states have yet to address cryptocurrencies specifically, most recognize that digital assets fall under existing securities laws.

In addition to these states, it is also important to note that the state of Wyoming has a very interesting and unique law with regards to cryptocurrencies. The law in question stipulates as follows:

"The sale or offer for sale by any person, directly or indirectly engaged in business, of securities registered under this chapter shall be deemed unlawful unless such securities are sold only upon delivery thereof at the place designated therein."

Is it risky to invest in cryptocurrencies?

Cryptocurrencies are not risk-free assets. Like any other financial assets, cryptocurrencies carry price volatility risk. A cryptocurrency’s price could rise or fall at any given moment, making the potential returns from holding the asset potentially unpredictable. Due to the recent growth of the cryptocurrency market, many new investors may believe that cryptocurrencies are a more accessible investment vehicle than they actually are. While it’s true that cryptocurrencies can be traded online and even bought and sold with fiat currency, they are not a mainstream investment method. In fact, only a small percentage of people even know that they exist.

Is it illegal to own cryptocurrencies?

No, it is not illegal to own cryptocurrencies. Like all financial assets, it is up to the individual to decide what, if anything, to do with their cryptocurrencies. The only thing that is illegal is if a person owns cryptocurrencies with the intention of committing a crime.

How secure are cryptocurrencies?

Like any other financial asset, cryptocurrencies are only as secure as the system can make them. In other words, the more popular and successful cryptocurrencies become, the more secure they will be.

Cryptocurrencies are virtual, decentralized currencies that operate via blockchain technology. There is a limited supply of cryptocurrencies in circulation and no central bank or government can control their creation like other fiat money (tied to a specific country,) which means they cannot be inflated at will. The anonymous nature of these tokens also makes them difficult for hackers to steal from centralized exchanges, as this would require hacking into every single node on the network simultaneously -- something even large-scale state actors struggle with.

What are the tax implications of cryptocurrency investing?

Cryptocurrencies are not conventional investments. While some people liken them to stocks, bonds, or gold, these assets are actually tangible items that can be touched or held in the hand. Cryptocurrencies, on the other hand, exist solely as computer software. They are not tangible, and therefore, they do not generate income or require any sort of beneficence.

Because of these factors, it’s important for cryptocurrency investors to understand how they are treated for tax purposes. For example, if you bought $10,000 of Bitcoin in 2013 and recently sold the coins for $8,000, you would have a $2,000 gain for the year, and as a result, you would owe taxes on that $2,000 gain. In a traditional investment scenario, where you bought shares of a company, you would only have taxable trading gains if you sold the shares at a profit.

Bottom line

As with any investment, it’s important to do your due diligence before diving in head first. Keep in mind that cryptocurrencies are new and volatile assets, and as with any new investment, there are associated risks. If you’re interested in investing in cryptocurrencies, consider speaking with a financial advisor first to learn more about the market, the assets themselves, and the legal issues related to cryptocurrency investment.

Uncategorized https://www.elastika.org/blog/legal-guide-for-cryptocurrency-investors-what-you-need-to-know/ https://www.elastika.org/blog/legal-guide-for-cryptocurrency-investors-what-you-need-to-know/ Editor Thu, 31 Mar 2022 10:53:08 -0400
Mobile Apps Security Testing Mobile Apps Security Testing

Mobile applications just like any other technology require precise security testing in order to prevent security breaches and enhance the user experience. Mobile pentesting is a service offered by leading testing companies in the industry, such as Hacken. The mobile environment requires specialized testing, which includes evaluating client safety, web security, hardware, and more.

Penetration testing for mobile programs is crucial to locate any potential weak spots, loopholes, breaches, etc., before offering an application to users. This is an important step in any application development, as such testing allows tweaking the code, design, and other parts of the app before actually releasing it. Just like with smart contract auditing services, mobile pen testing saves companies a lot of money, as the losses that might occur because of data theft will be much higher than the cost of specialized testing.

The Benefits of Mobile Penetration Testing

Hacken specialists have years of experience in mobile testing. Each step of mobile app testing is coordinated with the customers to ensure that everything goes smoothly and the app users are not inconvenienced in any way. When requesting an app pen testing, each client will be recommended a specific application to test based on their security level. Even after running all the tests, Hacken keeps in touch to offer further improvement for applications.

Each mobile pen testing process involves the following stages:

  • Preparation;
  • Evaluation;
  • Exploitation;
  • Reporting.

First, a pen testing specialist gathers information about the app. Next, each app is evaluated to see whether there are potential weaknesses. After discovering certain breaches, specialists work with these weaknesses to test them in various scenarios. After all the necessary tests are performed, the testing team provides detailed reports with the results of their work. Each discovered weakness is described thoroughly, including its potential threat for the application. Special recommendations are also provided to solve all discovered issues.

Uncategorized https://www.elastika.org/blog/mobile-apps-security-testing/ https://www.elastika.org/blog/mobile-apps-security-testing/ Editor Fri, 21 Jan 2022 22:57:38 -0500
Drive to crypto businesses with more payment options at UTORG on-ramp

Crypto FinTech firm UTORG broke down some more silos that stymie mass crypto currency adoption by adding 5 alternative payment methods to its solution. With more checkout options on board, this on-ramp service extends the comfort zone where buying popular coins is fast and easy to almost 200 countries on all continents and in all regions, except for Antarctica. 

Indeed, the vast majority of on-ramp services only allow checking out with a bank card, while UTORG exchange keeps improving and accelerating the flow; more and more users can choose familiar and trusted payment gateways and avoid entering any sensitive financial information when buying crypto. 

Now available on UTORG are: 

  • Apple Pay and Google Pay

  • NeoSurf

  • Instant bank transfers via 20+ Asian banks

  • UPI



Clearly a benefit for end-users and crypto enthusiasts all over the world, this improvement makes UTORG widget a true weapon of mass adoption any crypto business can integrate into their flow within 24 hours to get more new customers, achieve higher sales figures, reduce attrition often caused by suboptimal checkout process, enhance user experience and overall quality of service. 

UTORG is a crypto fintech company operating in almost 200 countries in both B2C and B2B segments. It’s key offer is a payment widget that can be easily integrated with any app or website and allows buying crypto in several clicks. Benefits of thе service include a friendly user-interface, fast integration, low fees, varied payment options, and short AI-based identity verification. The service has valid licenses, obtained a level 2 PCI DSS certificate that proves compliance with strictest personal data and information security requirements, in particular, GDPR. All payment systems available at UTORG also use top-notch data-protection tools, e.g. 3-D Secure protocol implemented by MasterCard and Visa.

Uncategorized https://www.elastika.org/blog/drive-to-crypto-businesses-with-more-payment-options-at-utorg-on-ramp/ https://www.elastika.org/blog/drive-to-crypto-businesses-with-more-payment-options-at-utorg-on-ramp/ Editor Tue, 07 Dec 2021 22:34:26 -0500
Best Places to Buy Bitcoin Instantly Have you ever considered investing in Bitcoin? Given how much talk there is about cryptocurrency these days, the idea may appeal to you. But the conversation about cryptocurrency goes in many directions.

If you stumble upon a Facebook crypto group or Bitcoin tweets, it can seem a little daunting. As a complete beginner, you don’t have to worry about developing the perfect investment strategy.

The first step is to learn how to buy Bitcoin instantly. UK residents interested in purchasing Bitcoin can join a crypto exchange platform, deposit GBP and cryptocurrency. To save you the trouble of finding a reliable exchange, we’ll give you four excellent options to consider.

What Makes a Crypto Exchange Worth Your Time?

First and foremost, you must find a Bitcoin exchange platform that is accessible in the UK. This is not much of an issue, as most significant platforms operate efficiently in the UK. Check whether the platform is authorised to work under Financial Conduct Authority (FCA.)

Another crucial criterion to pay attention to is the security protocols on the exchange platform. The best exchanges will offer insurance policies to their users to protect their funds in case of fraud or a cyber-attack. If this is an essential feature for you, choosing a popular and widely used exchange is the best way to go.

When you’re buying Bitcoin for the first time, you also have to worry about fees. Many users choose platforms with lower exchange fees, but that’s not always the best move.

A high fee structure at the big exchanges provides a more straightforward process and ensures users can buy Bitcoin instantly. UK crypto users can typically choose from several deposit methods which come with different exchange fees.

Finally, you should pay attention to the liquidity of the exchange platform. If these types of brokerages don't have enough trading volume, that can deter users from buying and selling in the long-term. When it comes to Bitcoin, major exchanges in the industry are your safest bet.

Best Bitcoin Exchange Platforms to Consider

One of the benefits of being a Bitcoin investor in the UK is having your pick of the crypto exchanges.

Still, it's easy to go in the wrong direction and end up buying coins from an unregulated platform. To minimise the chances of that happening, here are four great Bitcoin brokerages to consider.


This is a platform that has been around for a long time. It functions as a multi-asset exchange and is fully regulated by the FCA. Users can benefit from a free digital wallet that is available as a mobile app as well.

It also has a low minimum requirement for trading, and the conversion rate from fiat currency to Bitcoin is 5%, which is at the higher end.


Choosing Gemini means getting access to over 30,000 retail stores where you can spend your Bitcoin. The company has its proprietary payment platform, which makes it an excellent choice for those who want to spend their Bitcoin.

Plus, as a new user, you will receive £110 worth of Bitcoin if you invest £750 within 30 days. You also don’t need to keep a minimum amount of Bitcoin in your account to maintain it.


This platform is a household name in the crypto industry. It's one of the top choices for many Bitcoin investors as it has a highly user-friendly interface and offers many educational tools.

Furthermore, the platform has high liquidity and can withstand a sudden fall in Bitcoin's price. They're an excellent choice for Bitcoin holders but don't offer too many altcoins.


Without a doubt, this is one of the most successful exchanges worldwide. It operates in 190 countries and has over three million users.

The platform offers incentives for first-time users and even provides a non-custodial version of a digital wallet to give them complete control of their assets.

Buying Bitcoin Instantly and Safely

Investing in Bitcoin has become easier than ever. You don't need a significant starting investment, and most well-established exchanges allow effortless navigation.

As Bitcoin users grow every day, many platforms offer incentives and perks to attract more users. However, you have to be careful not to get drawn in by a brokerage with low fees and bonuses that sound too good to be true.

As a UK Bitcoin user, make sure the FCA regulates the platform. If they offer insurance policies, that's even better.

Uncategorized https://www.elastika.org/blog/best-places-to-buy-bitcoin-instantly/ https://www.elastika.org/blog/best-places-to-buy-bitcoin-instantly/ Editor Wed, 24 Nov 2021 08:41:33 -0500
Rainbow Token: The Whitepaper In 2021, projects on the Binance Smart Chain became very popular. Now you can see the release of hundreds of projects based on the BSC. Each of these new projects is competitive in one area or another. Some are unique in their way from a trade point of view. One of these projects is Rainbow Token (RAINBOW).


Immediately after the release, the RAINBOW cryptocurrency made a splash, selling more than $ 210,000 tokens in 6 minutes after announcing the pre-sale. Thus, more than a thousand people invested in the project immediately after its opening.

The uniqueness of the token lies in the combination of all the protocols of the system. These include the ability to receive additional tokens in the lottery and the ability to donate them to charities. It's not a secret for anyone how cryptocurrencies have negatively affected the energy industry in recent years, thereby negatively affecting the environment. With RAINBOW, you can contribute to the remediation of the adverse effects of the cryptocurrency industry.

Any transaction on the Rainbow Token network is charged a 7% commission. This tax, in turn, is divided into seven equal parts, providing the essential functions of the token.

RAINBOW Functions

Rainbow Token includes seven innovative solutions and BEP-20 protocols. He is using these protocols together, combining them into a powerful crit project ready to withstand any rate fluctuations.

So let's take a closer look at the main 7 RAINBOW protocols in more detail. Each of them is named after the primary colors that make up the classic rainbow. Namely:

  1. Red or Burn. The function of burning tokens from the circulating supply after each transaction. The protocol transfers 1% of the burned tokens to the so-called dead addresses. These addresses do not have an owner since they do not have a private key, so the protocol irrevocably burns tokens and reduces turnover. As a result, with an increased demand for RAINBOW, part of the tokens will always be burned, positively affecting their value.

  2. Orange or Buyback. The buyback function also collects 1% of tokens after each transaction and stores them for sale and subsequent buyback of tokens and liquidity pool. But tokens bought in this way are instantly burned. The orange function allows you to raise the lower limit of the RAINBOW cost. The Buyback protocol is thus causing a stir.

  3. Yellow or Reflection. It's a feature that allows you to increase your balance simply by keeping tokens. It works in such a way that 1% of each transaction is returned to each participant, distributing the amount between them depending on how much RAINBOW is in the holder's wallet. Thus, by investing in RAINBOW, you have the opportunity to receive a percentage of the available tokens for any transaction. Also, this feature encourages the owner to keep more tokens in their accounts.

  4. Green or Charity. This feature allows you to invest in the planet's future by donating 1% of each transaction to charity. Tokens directed to charity go to fight poverty, research the fight against cancer, and solve environmental problems and various kinds of animal shelters. All organizations that receive funding from RAINBOW in this way are officially registered. Each investor can independently track where exactly is directed and what amount.

  5. Blue or Auto-liquidity is a function that allows you to increase a token's liquidity by automatically sending 1% of each transaction to the liquidity pool. This feature also enables you to raise the lower limit on the token's value as liquidity increases after each trade.

  6. Indigo or Marketing & Development is a protocol that provides direct funding for a project. Thus, RAINBOW was not initially distributed among the developers. Still, the function of transferring 1% of each transaction to the marketing wallet was prescribed. Developers use funds from this wallet to promote the token and popularize it. Thus, the Indigo protocol makes the crypto project self-sufficient without requiring third-party investments.

  7. Violet or Lottery. The protocol takes 1% of each trade and sends it to the lottery bank. When a certain threshold of the amount in the bank is reached, each participant in the transaction gets a random number. Then everything works like in a lottery - the more losers, the more significant the amount in the bank. Thus, the Violet protocol stimulates investors, purchasing RAINBOW an exciting and intriguing experience.

Anti-whale Tax

The AWT mechanism allows you to successfully dump large sales, thereby preventing the dumping of tokens. As you know, this kind of large dumping leads to panic in the market, which confuses most investors.

The essence of AWT is that transactions over 500 million tokens are taxed at 21%. Thus, large investors are not eager to sell their RAINBOWs.

The AWT mechanism also allows you to track the history of sales from one wallet within 24 hours. Thus, if the amount of sales exceeds the designated limit of 500 million RAINBOW during the day, the commission will be automatically deducted from this wallet.

RAINBOW Positions on the Crypto Market

Since the beginning of the pre-sale, Rainbow Token has shown great potential. It could be a good investment opportunity.

At the time of writing, Rainbow Token is trading at $ 0.000000013498 with a project market cap of $ 11.0 M.

The value of Rainbow Token is expected to continue to rise, as scarcity tends to drive upward price gains. As of October 23, 2021, 29,234 people have already invested in the project, and the liquidity of the cryptocurrency is $ 970.8 k.

Investors in Rainbow Token have already donated over $ 12,500 to charity, which has made the cryptocurrency very popular in the market.

Uncategorized https://www.elastika.org/blog/rainbow-token-the-whitepaper/ https://www.elastika.org/blog/rainbow-token-the-whitepaper/ Editor Mon, 25 Oct 2021 09:41:49 -0400
3 Important Services That Trading Platforms Should Provide

Online brokers have become a massive deal in the trading market, and they've given rise to the influx of investors willing to take the risk in crypto trading. Aside from the added convenience of being accessible at any time, there are many more added benefits of trading with an online platform.

Traders get to enjoy unlimited access to their online broker, quick and easy for opening, closing, and managing market positions. Investors also get offered several educational opportunities to learn more about crypto trading.

Truly trading cryptocurrencies is an investment opportunity that has become very popular, and over time it will continue to gain attention among the masses. For many, online trading platforms would be the first experience they have with buying and selling assets for profit.

Despite the size of the online trading market, it can be challenging to find an excellent place to trade crypto. This article intends to educate you on why you need to identify a suitable platform.


·       SECURITY

This is one crucial feature that is used to determine which trading platform is better. It is hard to choose which crypto trading platform is the best. However, the security a platform can offer its users is a factor that will set it apart from other platforms.

Traders need to trust the platform they choose to trade with personal information, and the trading platform needs to ensure that this information does not fall into the wrong hands.

There are so many measures a platform can take to protect user information, and as a trader, you need to make sure that the platform you trade with has set these measures in place.

·       LOCATION

Another vital service trading outlets should offer is availability. Some trading platforms may not provide this to their users for reasons like sanctions, varying local regulations, and many other reasons. When choosing an online trading platform, you need to confirm its availability in your country or state.

Make necessary research to find out the status of the trading platform of your choice, and be open-minded. It can be very disappointing to have your mindset on a particular platform to realize that it is not available to you because of location problems.


An excellent online trading platform should provide the necessary service you need to go about trading activities. Customer service is one essential feature that you do not want to ignore when picking a trading platform.

Crappy service cannot be satisfying to anyone, especially when you have complaints or issues you need to get resolved. This is why every crypto trader should be aware of the services their trading platform has to offer.

Information like this can be obtained from the reviews of other users, so take some time and go through these reviews to find out what people have to say about a particular platform before you commit to it.

Customer support should be dedicated, reliable, and attentive. You must read the support terms before choosing a platform. Some of these platforms may not reach the industry-standard level, and you'd better know what to expect.

You may not necessarily think these things to be essential or believe they should be a deciding factor on the platform you choose to use. Still, you need to understand that these are just a few key features you need to look out for when selecting an online trading platform. An online broker that can offer you all of this is Paragontraders.


1.     This platform offers an easy and swift registration process, cutting down the long list of requirements and steps other platforms would request for new users.

2.     Excellent customer service team available to handle any issues you might face. Paragontraders team is beneficial and patient with its users, so with Paragontraders, you can finally say goodbye to horrible customer service.

3.     Automatic trading features are designed to execute profitable trade orders on behalf of the user. Paragontraders is committed to ensuring that users enjoy good service and make profits while trading.

4.     Global boundaries do not limit Paragontraders, so if you have been trying to find a platform that works in your country, then look no further. Paragontraders is here for you.

5.     Security of data is also a guarantee with this platform as protective measures have been put in place to protect users' information. This platform is also properly guarded and not susceptible to hackers.

This platform is one of the highly profitable crypto exchange platforms compared to other such platforms in the market today. It was built and regularly optimized by an elite cryptocurrency trader to achieve a more than 90 percent success rate. Its excellent features and services are what sets it apart from the rest.

Paragontraders offers its users a secure platform to trade crypto assets like bitcoin and ethereum and provides services that guide beginners on investing in cryptocurrencies. Upon registration, a specific wallet address gets created for each user through which traders can make deposits and trades to help trading activities move smoothly.

Its user-friendly interface is also another excellent feature Paragontraders offers its users. This is great for beginners who haven't quite understood the market thoroughly. It's also of great assistance to advanced traders to place an order or close a trade, which traders can do immediately on Paragontraders.

This platform is helpful and easy to navigate, offering additional charts and tools to boost the trading experience. Paragontraders is an online trading platform tested and trusted by many traders to provide them with the necessary services they need.


There’s an unlimited amount of online trading platforms out there. However, choosing to trade with Paragontraders offers all the above, plus the confidence of knowing that you're dealing with one of the most trusted online brokers on the internet.

In our effort to fight crypto scams, you have to sign up with an invitation link from the website, so this way, we make sure we have a real and active community of traders.

Uncategorized https://www.elastika.org/blog/3-important-services-that-trading-platforms-should-provide/ https://www.elastika.org/blog/3-important-services-that-trading-platforms-should-provide/ Editor Tue, 12 Oct 2021 03:11:43 -0400
How to Trade Cryptocurrency with Leverage

Investing in cryptocurrencies has grown in popularity in recent years to acquire access to significant earnings through successful trading. Many traders have heard the term "Leverage Trading," but few understand what it means.

Margin Trading, also known as Leverage Trading, is trading in cryptocurrency with borrowed funds. If you want to deal with cryptocurrencies, leverage trading is the way to go. It enables you to borrow money from brokers to increase your buying power and profit margins. Continue reading if you want to understand more about leverage crypto trading with an ECN Forex Broker, how it works, and the benefits and drawbacks that come with it.

What Is Cryptocurrency Leverage Trading?

In the crypto world, leverage trading refers to the technique that allows investors to perform spot trades (buy and sale) using borrowed funds from brokers. Typically, these funds surpass the investors' account balance. As a result, it's a great strategy to boost profits by raising purchasing power. The best part about this type of trading is that it can be done with a tiny quantity of money. You can't even picture that for regular trading! For example, a trader who begins leveraged trading with a $100 margin can trade up to 10 x margins, or $10,000 in margin size. However, you should be aware that Leverage Trading has a high level of risk and can result in significant losses. As a result, newbies should avoid this sort of trading, as many seasoned traders lose a lot of money. Experts in conventional trading, on the other hand, can invest in lower quantities for crypto margin trading.

Why do Businesses engage in Margin Trading?

Companies that have a capital shortfall can borrow money from brokers to use in manufacturing. This serves as a revenue generator. However, the risk grows if the business does not generate as much revenue as planned. As a result, there's a reasonable risk you'll wind up with more responsibilities than assets. By now, you've probably realized that leverage trading is a two-edged sword. Not only does your investment amount grow, but so do your hazards! This is because leverage trading in Crypto can only be profitable if the market behaves as expected. It's not meant if it flows in the opposite direction.

Pros and Cons of Leverage Trading

Margin trading assets such as cryptocurrency, like all trading tactics, has benefits and drawbacks. To a considerable extent, the benefits and drawbacks are mirror images of one other. For example, your potential rewards are higher, but the sum of money you can lose if a deal goes against you is also higher. Like other trading methods, you may simply and rapidly spread your portfolio at the cost of a significantly larger risk.

Top Crypto Leverage Trading Exchanges

Here is a comprehensive list of the most well-known cryptocurrency leverage trading platforms for trading online assets with leverage. Features, utilization, leverage amount, prices, customer assistance, and obscurity are all included in this evaluation.

  1. Binance

Since its inception in 2017, this platform has grown at a breakneck pace. With 1.4 million transactions per second, it is currently the world's largest digital currency exchange marketplace. Binance leverage trading is available on Android and iOS mobile devices. It is the most popular trading software due to its simple user interface and smooth operation. You'll be able to check your profit and loss, as well as acquire details about your transaction history using the app. To use the Binance leverage trading feature, you must first complete the KYC process, which involves verifying your identity and, most crucially, ensuring that your home country is not on Binance's blacklist. Remember that Binance has lately discontinued offering margin on the AUD, EUR, and GBP.

  1. ByBit

This exchange platform (both long and short coins) was founded in 2018 and is specialized in derivatives trading. Exchange platforms like Binance futures and Bybit are perfect for obtaining maximum availability for margin trading. Beginners can also benefit from the ByBit mobile app's user-friendly design and use its insurance money to cover damages in the event of bankruptcy. It has around 2 million active users and is based in Singapore.

  1. FTX

If you're looking for a cutting-edge crypto exchange platform, FTX is the place to go. This platform, founded in mid-2019, allows insurance funds and an unusual quantity of liquidity for its members. Residents of the United States must use FTX. FTX has a three-tier liquidity structure that provides for many marginal tokens. Please keep track of all borrowing rates, as they are subject to change at any time.

You should have a good notion of the finest crypto leverage trading platforms in the market by now. However, because these exchanges handle such large sums of money, the possibility of money theft rises as well. As a result, use caution when dealing with any kind of borrowing or day trading on these exchanges. On the other hand, one of the most significant advantages of adopting these platforms is that they provide superior security features such as two-factor authentication.


While a major outbreak is taking place, the ideal strategy for generating digital money is to use Crypto Leverage Trading. On the other hand, users must be aware of hackers to secure their crypto exchange service from malicious hacking. Keep your money on these trading platforms for as little time as possible for maximum security. To keep your funds safe, withdraw your profits using a reputable bitcoin hardware wallet.

At first glance, leverage trading appears to be a bit intimidating. However, if you gain experience, you will be able to trade in a high-yield market. Before you decide to invest in cryptocurrencies, take the time to learn about the unique features and hazards involved. You can learn the fundamentals of leverage trading from a variety of sources after extensive research, but you must invest your hard-earned money in the right system. Investing tiny portions in leverage trading will allow you to learn while reducing the chance of significant losses.

Uncategorized https://www.elastika.org/blog/how-to-trade-cryptocurrency-with-leverage/ https://www.elastika.org/blog/how-to-trade-cryptocurrency-with-leverage/ Editor Wed, 29 Sep 2021 23:44:05 -0400
Do Turkey’s Troubles Mean Bad News for the Commodities Market? Since the pandemic began a large demand/supply imbalance in the commodities market led to rising prices, with some rates being unprecedented. Higher costs for consumers are a major headwind for the global economy and countries known as large exporters play a crucial role in balancing the situation.

In the case of Turkey, problems come from different fronts, including internal politics, border issues due to the withdrawal of the US from Afghanistan, wildfires, and others. Although people involved in the financial industry can take advantage of commodity price volatility via platforms like Trustpac, that is not the case for those who were hit by the pandemic and are now struggling to find work.

Political instability

Recep Tayyip Erdoğan is one of the most controversial political leaders, serving as president since 2014. Over the years, he has been accused of using his influence to gain more power and took steps that drove the country away from NATO allies. Political issues in Turkey emerged before the pandemic and the rapid depreciation of the Turkish Lira affected local consumers.

On the positive side, it made exports more attractive, even though political instability is generally a drag on economic activity. Internal issues are at risk of being accentuated by external factors, including the ongoing border crisis.

Border issues

As US troops withdrew from Afghanistan, fears of Afghan migrants pouring through Turkish borders emerged. Despite Turkey not having a border with Afghanistan, authorities are still concerned, since Turkey is the gateway to the rest of Europe and is therefore considered a haven for many Asian immigrants. The country built a border wall to stop refugees, according to Euronews, stretching over 155 kilometers.

Both Turkey and Pakistan plan to work together in order to bring stability to the war-ravaged country. The next couple of months are expected to be challenging for the commodities market, especially as the Delta variant spread is leading to a new surge of cases around the world.

That could exacerbate even further supply chain disruptions and could put upward pressure on already-elevated inflation.


The top Turkish exports are iron, steel, electrical machinery, equipment, clothing, and accessories, accounting for tens of billions of USD each year. The political instability and border issues were joined by the weather going crazy in the Mediterranean area.

A month ago, eight people were found dead after wildfires had emerged in southern Turkey, in an area with coastal resorts, which forced tourists to flee. All of these problems can put pressure on the commodities market and as the country is a net exporter, the rising prices will certainly affect neighboring nations.

Is Turkey large enough to affect the commodities market?

Trading with Trustpac might be one of the ways to take advantage of commodities volatility, but the problems faced by Turkey are not local and can be spotted in other countries as well. Turkey isn’t the largest exporter globally but it can certainly make matters worse in an already fragile situation. Experts already warn that inflation might not be transitory as expected, and instead, could extend well into 2022, creating headaches for fiscal and monetary authorities.

Uncategorized https://www.elastika.org/blog/do-turkeys-troubles-mean-bad-news-for-the-commodities-market/ https://www.elastika.org/blog/do-turkeys-troubles-mean-bad-news-for-the-commodities-market/ Editor Wed, 01 Sep 2021 23:55:28 -0400
Coinrise – becoming financially independent! What is Coinrise?

Coinrise is a premium online trading platform offering professional services for traders living all around the world. The brand is owned by a Canadian-based company and benefits from combined years of experience with clients from many different sectors.

This was the main denominator that eventually led to the creation of a secure, advanced, and user-friendly platform, offering traders the user experience they desire. The main goal of Coinrise is to create opportunities and help customers intelligently manage their assets and investments.

Cryptocurrency trading, as well as several investment opportunities, are available when opening an account with Coinrise and that is one of the edges this brand holds when compared to other competitors. Traders looking for a new provider to work with might find this Coinrise review informative.

Advantages of working with Coinrise

What users who don’t already have an account with Coinrise need to know is that there are advantages to working with them:

  • A series of comprehensive services – the list of services currently provided by Coinrise includes research, trading, and sales across a wide range of products and equities. Cash and derivatives are available, and with the proper technology, customers can act when new opportunities show up.
  • Flexibility in tandem with reliability – Coinrise offers intermediation and advisory services depending on the customer’s expertise. This company works with corporate customers from all around the world and that facilitates the provision of services with the highest quality.
  • Client-centric approach – Coinrise empowers clients to make smart decisions, using innovative technologies and dedicated customer support, ensuring each trader/investor gets exactly what they need.

Coinrise Knowledge Center

When it comes to the financial markets, education is a continuous process. To help those who want to stay updated with all the latest news, as well as valuable educational resources, Coinrise has a dedicated knowledge center where new materials are constantly added.

Users can read and understand why markets behave in any given way, and in doing so, make well-informed decisions with their hard-earned money.

Coinrise Accounts

To ensure ample diversity, Coinrise currently boasts an account type offer that includes 6 different solutions. The Mini account requires as little as 250 EUR in initial deposit and in exchange traders benefit from raw spreads, competitive commissions, 24/6 customer support, and an up to 50% welcome bonus.

Those willing to deposit more while aiming to get access to more features, will be pleased to see Silver, Gold, Platinum, Diamond, and VIP accounts are also available and provide more features. Access to an account executive, a complete money management plan, a 1-on-1 education course, weekly managed sessions and daily market reviews are among the main benefits.


Coinrise offers a diversified infrastructure and that puts it in a favorable condition to attract a wide range of new customers. Those who already hold an account have been showing great appreciation, which means working with Coinrise seems to be a suitable choice. Each client can gain access to features depending on needs and expertise.

Uncategorized https://www.elastika.org/blog/coinrise-becoming-financially-independent/ https://www.elastika.org/blog/coinrise-becoming-financially-independent/ Editor Wed, 11 Aug 2021 23:46:14 -0400