{ Steemit Crypto Academy - Season 2, Week 2 } Make your cryptocurrencies work for you

Hello friends i am so excited to be here today to discuss with you about my homework task given by professor @fendit on the homework task i elaborated and explained it based on how i understood the lecture.

Homework Task Season2 Week2 Post Of Professor @fendit Make your cryptocurrencies work for you

Homework Task Table of Content

a) Which is your risk aversion, which of these products you find the most appealing and why
b) Explain in your own words fixed and flexible savings, high risk products and launch pools
c) Show and give detail on how to set the investment you chose in Binance. If you don't use Binance as your exchange, let us know which alternatives you have in your own exchange and simulate the process of investing in Binance.

(A) Which is your risk aversion, which of these products you find the most appealing and why

My risk aversion is Aggressive risk tolerance, here the investors face more challenges in their investment, more risks are been taken fluctuations in price ,high volatility, yet the investors still make a good profit, because of the risk they took. As an investor Aggressive risk tolerance is the most appealing because no risk no gain. Also the higher the risk the higher the profit involve, that means most of the big and successful investors in the world today they all took risk to succeed in their various investment. to also succeed in crypto world or Binance risk is involved.because one ought to stake has BUD, BNB or other token to gain. Besides nothing good comes easy, finally the higher the risk the higher the amount of profit to be made.

(B) Explain in your own words Fixed and Flexible savings high risk product and launch pools.

Fixed Saving

It is a saving in which one can stake a coin for a given amount of time and the fund will not be remove until the given period of time elapsed This type of saving is good for any investors who are moderate to risk taking. An investor who have average ability in risk tolerance, can think of fixed Saving , also fixed Saving have a high interest rate because of the risk involved Finally Binance can choose from any given day such as 30days 60 or even 90days, and the investors APY(annual percentage yield) will also increases as one stake for long.

Flexible saving

It is a form of saving in which one can stake a coin and will be free to collect it at any given time. Flexible saving is good for an investor that can not endure high risk. an investor whose risk tolerance is low, can think of Flexible saving because no risk involved. In flexible saving the coin will generate a passive income which is still better than been stored in the wallet. The investors APY interest rate is not high when compare to fixed Saving because there is no much risk involved.

High risk product

Is an investment in which there is a lots of risk involved. Investment that requires much risk such as high volatility. This kind of investment is good for an investor who can Manage with high. Dual investment is a very good example of high risk products it involves two assets ,that needs to take part in the investment and the market system is so volatile.

Launch pools

Is another way in which an investment can end a passive income the investors will be able to acquire new token teward in return for staking BNB, BUD and other token. In Binance an investors can put refundable stakes in to a Binance launch pools, this gives them vote and place in line with rewards for early staking, when the investment is fully they can commit to it. This mechanism can reduce start up, cost ,time and risk.

(C) Show and give detail on how to set the investment you choose in Binance.if you don't use Binance as your exchange let us know which other alternatives you have in your own exchange and simulate the process of investing Binance

• My investment setting in Binance the steps and procedure i follow are explained below, first i go to the Binance dual investment products on the Binance pool page on the website of Binance (home page).

• First, go to the website of Binance that is Binance homepage

•. On the home page of Binance app click on more

Screen taken from Binance app

• click on Saving

screen taken from Binance app

• choose the product you will like to invest with your coins eg BTC.

screen from Binance app

• Click on subscribe
Ensure there is enough money in the spot wallet

• the moment you are done your money will be ready after the expiring date.

Thank you all for reading my post i appreciate