Crypto Academy week 10 | Homework post for [ @fendit ] - Make your cryptocurrencies work for you.
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Which is your risk aversion, which of these products you find the most appealing and why
Currently there is no investment field where there is no risk. The more money you have in that investment space the more risky you are from different places. We need to earn more in our country because we tend to invest more in the war of independence. Suppose we invest in a cryptocurrency on a coin that is not constable but before that we get information that it is constantly fluctuating and when its price goes up we invest in someone who is much more educated. This means that he invested his capital in a risky place in the hope of making a profit, and he wanted to be more profitable. Although we who are involved in business all have ideas about different places in the age we understand when we do in any age we can benefit later.
Explain in your own words fixed and flexible savings, high risk products and launch pools.
- Fixed savings :
Fixed saving is a popular banking system. Through this customers can own their property for a fixed period of 2 years, 5 years or 10 years. The longer a person keeps his property, the higher the interest rate. In this case most of the customers are seen to be doing fixed saving for a longer period of time. Because they get a lot of property at once that they can use any one. In this case, the businessmen are doing Fixed Saving because they have invested some of their assets in another place for a certain period of time to do their business and later they get more money from there. If I want to speak for myself then I am also under Fixed saving. I have been doing fixed saving in my two banks for five years.
We can make fixed savings to binance.com if we want. The longer this website has fixed savings on its assets, the higher the interest rate percentage it will get. Here you can easily select and see what percentage of interest you will get if you do 7,14,30 or 90.
- Flexible savings :
Flexible savings is a system where users can withdraw their property at any time. In this case, when users withdraw their deposit, the amount that will be given to them will depend on how long their property has been there. In this case, users will get much lower interest rate.
- High-risk products :
High Risk Products We understand that if a customer invests less money than his wrong investment, then we say. Suppose a person buys a coin for $ 100 and then deposits it. When he withdraws it, the amount becomes $ 70, so he faces launch. There are currently many coins that are constantly fluctuating, which is why they are called Hurricane coins. Is caught as. Binance has published a list of some High-risk products through their analysis.
DeFi Staking :
DeFi Staking allows users to make huge profits in a very short time even though it has a lot of risks. Investors can enjoy the benefits of transferring their assets to different places. And before it starts, the fighter has to be given a certain amount of time and in this case the users are given the amount of interest as per the time taken.
Dual Investment:
Dual Investment means we understand that users can Dual Investment by sharing their assets on two currencies. But in this case they cannot earn much and there is a lot of risk on their assets. In this case the users are given a percentage of their assets after the expiration of their period depending on the current price.
Liquid Swap:
It is possible to earn double through Liquid Swap. But in this case the high-risk is higher. We all know that where there is more earning there are more problems. Here investors have a special job to do so they want to keep their assets liquid so that their assets can be more profitable. Anyone can turn resources around at any time. In this case, the high-risk is taken because the amount of resources invested by users may decrease later due to rising prices and low speeds.
Launch Pools :
Launchpool is a system where a customer can invest coins if they want and earn huge amount of money from there. This is an IEO process because it is done through the Exchange website. It relies on a centralized system so users have to pay a low cost fee in a short period of time for any type of transaction. Since the exchange of coins depends entirely on an Exchange website so its security system is of much better quality.
Show and give detail on how to set the investment you chose in Binance
Binance Exchange is a popular exchange where anyone can set up their assets and earn a lot of money. I will now show you how to invest in your Binance Exchange.
First you need to login to Binance account. If you do not have an account, you can easily open a Binance account with a band email ID and mobile number.
Then look at the top of the website and click on the Finance option.
- Then clicking on the Transfer section will take you to a new page, then enter the amount you want to save. Then you will specify how many days you want to save it, then click Transfer to save.
Thank you for reading my homework. Thank you all very much, especially Professor @fendit.
Cc :-
@fendit
Written by; @msharif
Thank you for being part of my lecture and completing the task!
My comments:
General comment:
There are lots of things in this post that just make no sense, which show that you copied things from other places and then spinned the words. For instance:
We're not talking about traditional banking system and that has nothing to do with cryptocurrencies either.
Overall score:
1/10
Banking systems it's just an example of fixed saving nothing else. Then I tried to explain with Binance.
Thank you for your feedback.