Hello family , glad to be here, this is my first post in this great community.

Crypto world is indeed a versatile space with so much to unveli as you go through the phases of crypto.
Crypto is more like a digital currency , an electronic money asset.
My first knowledge of crypto was knowing the name Bitcoin before I even got to know that Bitcoin is actually a type of crypto currency , then further knowledge and idea sharing with friends opened my eyes to the numerous types of crypto we have. The first crypto I owned was ethereum . Source

I once participated in a smart contract business during the covid-19 lockdown , where I was able to accumulate ethereum through registering and referring others to join .

Benefits of smart contract to a crypto

Though smart contract isn't an aspect of crypto world , but I think it helps to publicize a coin and give it more value .

Where smart contract fails

Smart contracts are more like a pyramid scheme ( a fraudulent act whereby investors are lured into a business to profit the up lines at the detriment of the down line) , where the upline keeps benefiting as he/she keeps referring downlines to the contract . Newbies who aren't vibrant to work and refer new members end up getting stuck and may not get back their initial crypto used in registering . Many upline are profit driven and wouldn't give newbies the full details on how smart contract works just so they can get the commission they ought to get , build their tree and move to a higher level , leaving their down lines in shambles .
When the price of ethereum started increasing , it caused an increase in the price of ethereum as the demand started increasing due to the growing contract community ; members started drawing back because the registration money moved way to high ' an end to that smart contract.

Profits from smart contract:

As the saying goes , "early birds catches the worm ", I was opportuned to be amongst the top tree then , though I had many upline . I was able to build my tree with the aid of my downlines who happen to be super active , we worked handy and maximize profit , though as it maybe , majority didn't benefit because it was all just a pyramid scheme .source

Lesson learnt

• I became exposed to various types of crypto currencies such as steem , ripple , cardano , Tron , Solana et Al.
• I got to know about apps used in crypto currency
• Also Crypto currency holding and trading . Trust me , crypto is broad and definitely the future.

In my next post , I would be talking about

cryptocurrency trading , stay tuned ..

thanks for reading