Writing expedition contest day 3 crypto
Good day great people of steemit I greet you all today is another day of the writing expedition contest and today is crypto. So stay and read I will be dropping useful things you will need to learn.
CRYPTOCURRENCY AIRDROP AND TRADING.
As the name sounds airdrop is when a particular coin is to be launched or listed on the blockchain and the coins have to be mined or you will have to trade on their platform so that you will be eligible for the airdrop.
Example of this kind of airdrop is the notcoin mining on telegram airdrop. Many people participated and gained the airdrop also there are others which are forth coming like blum airdrop, hamster Kombat airdrop and may others. In this aspect you will have to mine the coins by tapping on your screen and you will see your balance increasing.
The trading aspect of the airdrop is when you use their website to cover few trading like buying and selling of cryptocurrency and also when you do this activities on their website you are going to be eligible for the airdrop.
MINING AND STAKING
Mining is a process where you earn crypto by either buying mining hashes or using the hashes given to start mining so you can earn the crypto you are mining.
Meanwhile staking on the other hand is simply when you have cryptocurrencies stored in your wallet and you are currently not using them, you simply stake it to earn more.
Staking of cryptocurrency does not require you using an external website no it requires you to only have a wallet and have the coins which you decide to stake, you choose the time limit you want it to stay and then you start staking.
INVESTMENT AND MARKET ANALYSIS
Investing on a particular crypto coin is good if you have done a proper analysis and doing proper analysis you will have to use websites like coin marketcap.com and other reliable trading platform like binance because if you do not make proper research on a coin you may end up loosing what you invested.
So doing proper research which correspond to the marketcap is the right thing to do. Thank you for reading GOD bless you all.
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