Introduction

Hello friends,
Greetings to you all. I'm so delighted to be here to today, to discusses about my homework task that was given by professor @fendit , on the topic: "Make your cryptocurrencies work for you." My discussion will be on the following homework task given below:

Write a post explaining:
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.

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

Aggressive risk tolerance is my risk aversion. This is because the possibility of me getting a high return will be determined by my investment. There is a saying about Investment that goes this way "Invest in what you can afford to lose". This simply means that Investment is not something that you will you put your money or resources in today an then tomorrow you will be looking for a good return of Investment (ROI). Aggressive risk is what I find the most appealing reasons being that in this type of Investment one can have a good return because isn't everyone that can go into it. Such type of Investment rewards investors with huge returns beyond their expectations because of the high risk that is involves. The higher the risk, the higher the return, for one to get high return that person should go into Aggressive risk tolerance which guarantee which return. So today, if am opportune to be an investor I will appeal for aggressive risk tolerance because nothing good comes easy.

b) Explain in your own words fixed and flexible savings, high risk products and launch pools
Without discussing much let's quickly look at the following words that can help you in investing your fund, as I have explain in details.

Fixed Savings

Fixed Savings is a type of savings that offer a good returns to you, with less flexibility to access your money. In fixed Savings, commodities can starts from 7 to 90 days. The reason of this is to allow those that don't have interest in their funds for a certain period of time, to earn a higher APY. One of the good thing about Fixed Savings is that you can set a predetermined duration for your funds to accumulate interest. In fixed savings you can you can get a higher interest rates when compared to Flexible Savings, because the interest rate and terms of savings are both fixed.

Flexible Savings

Flexible Savings is the type of savings, that allow you to earn interest on your funds. Flexible Savings is one of the simplest savings, that provides you with large flexibility to deposit your funds, earn interest, and them at your own willing time. In this type of savings, you can access your funds at any giving point in time, either be it withdrawal or redeposit. Although in this type of savings interest are not calculated on the same you sign up to it. But your first interest rate will be calculated from after the day of your sign up.

High Risk Products

High risk products in a nutshell is a product that has been design to carry a high potential risks. A product is considered a high risk products based on two conditions: it deals a high risk firm and risk of fund failure. The first condition is what deals with the safety of ones Investment, whereas the second condition is the continued return on investment.

Launch pool

Launch pools is a means for someone to earn other passive income,
since the cost of getting a new funds can be done by locking your funds. let's take example of Binance to explain this briefly. In Binance, you can lock up your BNB, BUSD and other cryptocurrencies to get a share of a new crypto that is being launches on Binance.
This mean that as an investor you can put refundable stakes into binance launch pool. This will gives binance votes and a place in line, with rewards for early staking, which at the end when your Investment is fully ready, binance can commit to it. You can also reduce your risk and start up time.

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.

Setting up my Investment in Binance is very easy what I do is to find to go the the binance dual Investment products on the binance pool page if am on the webpage of Binance. For the purpose of this lesson I will get a detail on how I set my Investment using Binance App. Here are the step below.

• On the homepage of Binance app, click on more

Screenshot taken from Binance app

• click on saving

Screenshot taken from Binance app

• Choose the product you will like to invest your funds to (eg. BTC)

Screenshot taken from Binance app

• Click on Subscribe
  Note: before subscribing you have to make sure that there is funds in spot wallet.
• Once you're done your funds will be ready after the expiring date.

Thank you for your time here.....