Steemit Crypto Academy Week 10 - Homework Post for @fendit

in SteemitCryptoAcademy3 years ago

Before we go deeper, we need to understand what risk Aversion really means as that will help us in answering the question

Risk aversion:

This term refers to the ability of an investor who is able to preserve his or her capital over a potential for a higher than average return. The investor is able to adapt to either situation he or she may find theirselves in challenging situation. It is mainly involved in the marketing sector where changes occur in the areas of demand and supply.

In risk aversion, an investor tends to prefer certainty to uncertainty. Risk aversion limits innovation and long term value creation. Risk aversion in business is not to escape from risk. The real risk aversion is to analyze and understand the risks.

My Appealing Product

Risk aversion in cryptocurrency world is Ripple (XRP)because of its underselling pressure. It managed to break about the 100-day moving slowly during the previous week. Though the cryptocurrency market has been evolving with volatility and uncertainty in view of other assets.

XRP token is used for representing the transfer through the Ripple network. XRP is the mediator for other cryptocurrencies and fiat exchanges. It might not be attractive to investors because it uses non-traditional platform model. I find it appealing because of its huge potential to grow and its low price makes it a good investment opportunity and uses ripple network as a token for quick currency transfers.

Fixed savings

Fixed savings as a financial instrument provided by financial institutions like banks in which investors are assured a higher rate of interests than a regular saving accounts until the given date. It does not require the creation of separate accounts. It is the most popular form of deposits. It compensates for the higher form of liquidity more than savings accounts.

As a fixed savings holder, you have a lot to benefit from such as

-As an investor, there is the assurance of a certain rate of return of investment.

-it has a flexible tenure and depends on the holder in which you have the decision whether to redeem or extend it for a longer period of time.

Flexible savings

Flexible savings is a type of savings that provide the account holder with specific tax advantages. It allows you to save towards your goal. As an account holder, it allows you to choose the amounts and frequency of your deposits.

Ripple savings in the crypto world on a later date (it could be a week,months or even days) will distribute the locked saving product to the savings wallet and the savings wallet will start to increase with interest and on the matured date both the token and the earned interest in the account can be seen.

High risk products

High risk products is a product that is regarded to carry high potential. High risks products includes online gambling, telemarketing,drug stores e.t.c
Products deemed as high risk would either not be sourced at all or would be placed on a robust resting programme to make sure it’s meets the requirements for safety protocols.

Launch pools

Launch pools could be said to be similar in meaning to high risk products but in a more beneficial way to get refundable rewards for early staking of funds
There are 5 launch pool processes which investors are to guide through in investing in blockchain through different stages which goes as follows:

Stake:-this is the ability of an investor to invest or assign some of his asset into a smart contract . The investor keeps charge of the asset and can reclaim his asset as at anytime due.

Collaboration:- this could be seen as a creation of a scale of preference by assigning some assets with others to know which is at a good return on scale

Proposal:- this is when the investor makes a preferred investment offer selects the preferred choice to go for

Commitment:- this is when the investors to give its asset time and management on how to expand his asset.

Conversion:-this is when the commited stakes of asset is being swapped for the proposed investment.

Rewards:- early incestors are said to be the ones to get bigger and bountiful rewards.

How to set investment on Okex?

Okex is a good investment and exchange platform for trading in a way that it could be traded for various types of cryptocurrency on the blockchain network depending on the rate of exchange set on restrictions.

For example, when the coins earned are being sold the more the sales the higher the bonus on royalty to be gotten by the investor Investment could be set on Okex m through creation of a double investment which will give room for double or more increase in earnings and return on investment .

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OKex is as an exchange platform is well backed globally with great ambitions. Experienced traders know that there aren't many cryptocurrency exchanges that offer the kind of professional trading platform with the trading formats in the traditional market that Okex does.

For instance, with a deposit of $500 of XRP, you will accrue 4%or $30 (not taking into account of this increased value)which is usually paid out in a weekly staking rewards. An as investor on the OKEX exchange platform, you can never go wrong.

@fendit

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Disregarded as it contains plagiarized content

Hello professor @fendit

Please this is not true. My post was well written originally. And even when i saw your comment, i went ahead to check it and i discovered it was plagarised free.

To justify your claim, please can you share a screenshot of where or which part of my post was plagarised because i am sure i wrote this post myself with no plagarised content

@steemcurator02

@fendit

@steemcurator02

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