Sunday, December 4, 2022
Monday, November 28, 2022
Devastating Earthquakes Rock The Crypto World?!
The source of all pictures is Google!
As you can see from the title itself, big things have been happening in the crypto world lately, my dear readers and loyal followers.
Some of the big exchanges like FTX or Coinbase have experienced major shocks and turbulences, some have not like Binance, some cryptocurrencies have collapsed, and some have experienced such large drops in value that they are now on the edge of the abyss and looking straight into the abyss, and even the crypto grandfather or father of all cryptocurrencies, the famous and one and only BITCOIN experienced such a big drop that many now begin to doubt its recovery.
All kinds of headlines come out of the media declaring Bitcoin dead and other cryptocurrencies worthless, and even Bloggers and YouTubers, and other so-called crypto influencers have turned against Bitcoin and other cryptocurrencies and are bombarding you, my ordinary reader, with bombastic headlines about the demise of the entire crypto world and the arrival of the crypto apocalypse.
Those who until yesterday wrote so beautifully about Bitcoin when it was at its peak or about Shiba Inu when it grew by some 1000%, or about Ethereum that had reached its beautiful ATH today are almost crying in their sad and black prophetic texts and videos and lamenting about the huge losses they have suffered and cursing everything related to crypto.
They seem to have forgotten the basic rule in the Crypto world: "DO NOT INVEST MORE THAN YOU ARE READY TO LOSE" blinded by greed when the last BUll RUN lasted, they invested not only their own money and the money of their loved ones, but also wholeheartedly urged others to buy and praised every new SHIT coin that would come out for a nice percentage of the money they would get into their account.
And where has it brought them so far?
Well, right now they are here with us in the same place where we quietly do our work, invest, save, hodl, trade, and write texts that don't have quite as bombastic titles as theirs, but still find their way to a smart reader who doesn't believe the news about the collapse of crypto like nor about the literal riches that await him overnight if he only buys this and that new SHIT COIN.
Is the situation so bleak and is there really no way out for us and we are facing a Crypto Apocalypse???
Of course not! One only has to look at the path of Bitcoin a few years back and the smart reader will have enough.
So is this the first time that a crypto exchange has failed that a cryptocurrency has collapsed or that Bitcoin has fallen by 70%, 80%, or more??? Of course not, and it was not the first time that a stock on the stock exchange or a brokerage house failed. All this has happened before and it's all a natural course of things, but one thing is as certain as the day that will dawn tomorrow, and that is that the cryptocurrency market will DEFINITELY recover and that there will be a new BULL RUN and that we who still firmly believe in the power of cryptocurrencies will see the day when our patience and our investments will pay off many times over.
So let's not get carried away by any dubious headlines that announce one way or another the end of the crypto world. Let's not believe every new blogger, influencer, or marketer who claims to have reliable information about what tomorrow brings! Let's trust our common sense and trust in DYOR, because no one knows with 100% certainty what the future will bring, but still knowing the past well and based on well-conducted analysis and research, we can say without a doubt that something at least similar will happen in the future based on knowledge of the past.
If history has taught us anything, it is the lesson that history always repeats itself, if not exactly the same, then at least similar, so we can say for Bitcoin and the entire crypto world that it will DEFINITELY recover because things like this have already happened and Bitcoin has been declared dead at least 5 times.
Those would be my thoughts on this topic and I couldn't resist writing them, and you, my readers, if you have a different opinion or if you think I'm wrong, feel free to express your opinion in the comments and write your thoughts.
Now I greet you all and see you soon when I write my new article.
Neo77
Friday, September 9, 2022
Update for the article "Top 5 Biggest Scams In The Crypto World"
The arrest of Faruk Fatih Özer and fraud through the Thodex exchange
Hello, my dear readers and faithful followers. Today, as the very title of the article says, we will write a short update of the previous article that dealt with the topic of the five biggest frauds in the crypto world.
Let's briefly repeat what it was about.
This fraud was carried out by a Turkish citizen named Faruk Fatih Özer, who was the owner and founder of the Thodex exchange, and the fraud was carried out in Turkey. Approximately $2 billion was stolen from more than 400,000 investors. This all happened at the moment when Bitcoin reached its ATH of $62,000 in April 2021. Thodex shut down operations for 6 hours due to alleged maintenance. That period was extended to 5 days until eventually all operations were suspended, the exchange was closed, and Mr. Faruk disappeared in an unknown direction with $2 billion in loot. He transferred about $125 million in Bitcoin to the exchange Kraken, which was associated with alleged illegal activities. More than 60 people were arrested then, and Mr. Faruk was sentenced to 40,000 years in prison under Turkish law. After that, he pretended in public that he was sorry for his crimes and claimed that he had even attempted suicide.
Quote:
"So I decided to stay alive and fight, work, and repay my debts to you. The day I repay all my debt, I will return to my country and give myself to justice," he claimed at the time.
Until recently, all traces of him were lost, but since justice is slow but still attainable, Mr. Faruk Fatih Özer finally got it right. Namely, he was caught in Vlora, Albania by Interpol and the Albanian Law and Order Forces and held until extradition was initiated by the Turkish authorities.
During the arrest, Mr. Faruk gave false information, but that didn't help him either, because his fingerprints were taken and a search was conducted using a facial recognition program, and of course, the real identity of this cunning Turkish criminal was revealed.
Conclusion
What can we learn and conclude from this story?
Someone will say that this move was brilliant and that Mr. Faruk is a genius in crime and that he must have enjoyed the huge sums of money he stole from unfortunate investors, that he must have hidden at least part of the money and that he will have it forever, but is that all true?!
Will he ever be able to get out of prison if he is sentenced to a dizzying 40,000 years in prison and did he really enjoy the money during his escape?
I think his story is very far from enjoying the money and all the benefits it brings. This time that he spent on the run from the authorities could not be called a happy period, but in that period Mr. Faruk must have spent his time in constant fear of arrest and constant hiding from the law, not to mention the problem that such a large amount of money brought him. How to hide and launder so much money so that it is ready for consumption without anyone noticing???
You can read about this problem in my article about money laundering in the crypto world, so you will see that the real problem is not to steal money, but problems arise when that money needs to be washed and prepared for consumption. So, as you can see, that enormous amount of stolen money did not really bring happiness to Mr. For Faruk, on the contrary, a mountain of problems and fears and in the very end an arrest and a huge prison sentence.
If crime pays off and people who steal from others have a peaceful sleep and a happy life, you can conclude for yourself based on this article and countless other examples you can find everywhere in the world around you.
As for me, I believe that my peaceful sleep and carefree life are more important than all the billions of dollars in this world! It's far from the fact that I wouldn't want to have a lot of money and be rich, but it's still better to get that money by working and investing than by stealing and cheating, even if it lasts for many years.
And what do you think, dear readers? Does crime pay?
You can write your thoughts in the comments!
Greetings and until my next article!
Neo77
Sunday, August 21, 2022
Top 5 biggest scams in the crypto world
Hello, my dear readers, faithful followers, and those who will soon become so!
Today we will cover a very interesting topic that will certainly intrigue you, namely "Top 5 biggest scams in the crypto world". I think this topic is very interesting, but also very instructive because it talks about the fact that caution is never enough in crypto waters and emphasizes one very important item, which is DYOR. Through this article, you will see how some people took advantage of human inattention, and in some cases we can say human stupidity and greed, and cashed in on their plans very well, leaving behind devastation in the crypto world and the wallets of those people who put their trust in them. Let's start in order and with fraud number 5, then we will count down to fraud number 1.
Scam number 5: Pincoin and iFan
This scam took place in Vietnam and it was about the Modern Tech company that offered two Initial Coin Offerings (ICO) where two new coins called Pincoin and iFan would be sold. The first of those two coins offered a dizzying monthly return of 40% (which borders on the impossible), while the second coin was supposed to serve as the fuel that would power the new social network for celebrities, in addition, a percentage of 8% was offered for each person that you manage to persuade to join the network. In order to be able to log into the platform at all, you had to invest a minimum of $1,000 and of course in the aforementioned tokens whose value was never even close to the paid sum of $1,000. The fraudsters managed to collect an amount of $660,000,000 which was paid by about 32,000 poor, defrauded investors. After a few months, the team consisting of 7 Vietnamese nationals stopped paying the promised sums and disappeared without a trace, leaving behind only a very nicely decorated functional website with a very suspicious inscription that read: "The PIN Project is about building an online collaborative consumption platform for the global community, based on principles of Sharing Economy, Blockchain Technology, and Crypto Currency".
There was no sign of any advisors or founders on the page that should be in the white paper, which was very nicely put together, but if you analyzed it a little deeper it was worth nothing.
What really happened here???
So this is about the classic so-called PYRAMID FRAUD where the oldest, first investors are the only ones who benefit from the entire project to the detriment of those later investors. The members of the panel had to continuously introduce new members whose deposits covered the investment costs of those first members and as soon as the costs became too high and the new members did not have time to patch the holes with their deposits, the whole pyramid collapsed and the founders ran away with the money.
Scam number 4: BitClub Network
This fraud took place in the period from 2014 to 2019, i.e. a full five years, and about $722,000,000 was extracted and stolen from investors. This was a scam that promised income from cloud mining.
What exactly would cloud mining be?
It is about the fact that the investors do not have to buy the mining equipment, but they pay the people who already have the equipment part of the costs, and depending on the amount of money the investors pay the miners, they also get a part of the profit. I will explain how BitClub Network extracted money from people and what exactly it promised them in the following sentences. As we have already stated, they promised people income from cloud mining and offered them plans ranging from $50 to $100,000 with a profit of 5-12% on the invested amount. In addition to investors giving their money, they were also encouraged to introduce new members to mining and were promised a share of the income from these new members. PYRAMID FRAUD at work again as you can tell. Of course, when the new members could no longer pay off the old ones, the whole pyramid collapsed. US authorities intervened and began investigating the BitClub Network and the lies began to come to light. It was revealed that cloud mining never existed and that the videos and images promoted by BitClub Network members and promoters actually belonged to another, real mining company and that the videos and images were stolen.
Matthew Brent Goettsche was one of the arrested founders of the BitClub Network and when he was brought to justice, he stated that the "marks" of their network were "stupid people" who they called "sheep", so you can see for yourself what they are like people and what they are willing to do to get money and how careful one should be when engaging in any monetary transactions over the internet.
Scam number 3: Thodex
This scam took place in Turkey through a crypto exchange called Thodex founded in 2017 by Faruk Fatih Özer and a total of about $2 Billion was stolen from 100,000 investors. Namely, in April 2021, when Bitcoin reached its highest heights and reached ATH $62,000 Thodex exchange closed its operations for a period of 6 hours due to the so-called maintenance, but that period of six hours was extended to 5 days, and so on until the exchange office was completely closed.
What actually happened???
The owner and founder Faruk left Turkey in an unknown direction and took $2 billion with him and used it for private purposes. More than 60 people were arrested then, but unfortunately, Mr. Faruk Fatih Özer himself has not been caught to this day. He was sentenced in absentia under Turkish law to a prison sentence of 40,000 years. As you can see, there is no leniency for criminals in Turkey and the punishments are merciless, so you, dear readers, will see for yourself whether it is worth committing a crime there.
Scam number 2: PlusToken
This scam took place in Southeast Asia, specifically in China, Cambodia, Malaysia, Vanuatu, and Vietnam, and it's safe to say that it was one of the biggest crypto-related scams of 2019. The administrators of this crypto exchange and wallet stole about $3 Billion from more than 3,000,000 investors.
What happened here???
This scam was specific for one thing, and probably because of it, it was so successful, and that was that the administrators did not base their advertising on electronic media, as is common in the crypto world, but instead advertised through physical advertising (supermarkets, billboards) and held face-to-face meetings with their "clients". This method was very successful because it created a false sense of security among investors and lowered their level of suspicion to the lowest branches because it was not expected that someone who meets you face to face could be a fraud. PlusToken was, of course, as you already guessed, a PYRAMID SCAM that could only survive as long as new investors brought in new capital through investments. As soon as the costs exceeded the investments, this whole system collapsed like a house of cards. But how did it come about?
Already in the middle of 2019, problems appeared when investors try to withdraw funds from the exchange, which the administrators explained by the fact that there was a problem with the miners who mined the coin, but after a little while, they did not even bother to explain the problems anymore but disappeared together with more of $3 Billion. However, here the criminals did not manage to escape justice, because 109 administrators fell into the hands of the Chinese authorities and received prison terms of up to 11 years.
One very interesting fact related to PlusToken is that even the price of Bitcoin fell in that year thanks to PlusToken's fraud.
Scam number 1: Onecoin and CryptoQueen! The biggest scam of all time!!!
As we mentioned in the title, this is the biggest fraud in the crypto world, which was carried out by Dr. Ruja Ignatova also known as the crypto queen. Dr. Ruja was a woman who has a high education obtained from Oxford and worked in large and famous companies in high management, so her education and previous jobs were almost the only things that she did not invent, unlike OneCoin and the whole movement she created around it.
The fame surrounding OneCoin was so great that Dr. Ruja raised it to the level of a cult or religion because its investors, in addition to investing money, followed Dr. Ruja like a new Messiah who came to free them from the shackles and leads them to the path of financial freedom. She appeared at seminars like some kind of rock star or Hollywood actress and with her speech mesmerized the listeners and threw them almost into a trance and led them to invest huge sums of money, even at the cost of mortgages, promising them a bright future. Once she even performed at Wembley Stadium, which was full of fans, so you can see for yourself how much of a crowd she managed to seduce. When you type her name on Google, her picture on the cover of Forbes magazine pops up, which of course was just a hoax, because Forbes never interviewed her.
OneCoin has been promoted around the world as the Bitcoin killer and the best and biggest cryptocurrency ever and has gained a loyal following everywhere, even in Africa.
But what was OneCoin really???
OneCoin was, and still is, because UNFORTUNATELY OneCoin still exists, a MULTI-LEVEL MARKETING SCAM. That coin could never be mined, nor was it listed on any crypto exchange, nor could it be exchanged for crypto or fiat on OneCoin's own exchange because it was always under maintenance and repair. The code that OneCoin was written in was plain SQL, not blockchain code, which defeats the whole purpose of crypto because SQL code can be changed and manipulated. How then is Dr. Ruja managed to deceive more than 3,000,000 people and earn somewhere between 4 to 15 billion dollars??? The success consisted of the fact that she hired hundreds of professionals from the MLM world who advertised and promoted OneCoin all over the world, but that was not only responsible for the success, Karizma of Dr. Ruja also contributed a lot to it. Dr. Ruja was very well educated and very sweet-talking and staged large conferences with thousands of people where she gave her magical speeches.
How was money extracted from investors???
Financial education packages were sold, and these packages gave users the right to mine OneCoin at prices ranging from $100 to $100,000, which of course was all fiction. Sometime in 2017, law enforcement agencies around the world were on the trail to uncover the fraud and Dr. Ruja Ignatova disappears without a trace, taking between 4 and 15 billion dollars with her. Her last known destination was Athens, Greece, where she arrived by plane from Bulgaria, and then all trace of her was lost. Her brother takes over the helm of OneCoin but is soon arrested and agrees to cooperate in order to reduce his sentence. To this day, no one knows where Dr. Ruja is and where the missing money is hidden, but despite everything, OneCoin managed to survive and people around the world still believe in its success and invest and lose money in vain. Here is the link if you want to check for yourselves.
Conclusion
As you could see through the article, my dear readers, the crypto world is not immune to scams, moreover, in the digital world it is easier to convince a person of something and to sell him a lie than in the real world, and people lose money on the Internet every day by investing in various scams.
Don't give up investing in cryptocurrencies because of this and don't think that crypto is a scam and that everything related to it is a scam because despite everything there are people in the crypto world who are honest and there are crypto exchanges and crypto projects like Bitcoin or Ethereum that will enable you to make a nice profit if you know what to do and how to invest.
Each of us can be scammed at some point, but always remember that the internet is deceptive, and crypto even more so, so be very careful and DYOR before any investment.
Until the next reading
Neo77
Thursday, August 11, 2022
Upland Or Virtual Monopoly ?! My Personal Insights! UplandWealthBuilding!
Earning money in the P2E game
Introduction
First of all, I would like to greet all my followers and loyal readers on Publish0x, and then all the other writers and readers of this great website, but I would like to extend my greatest greetings to my compatriot and one of the administrators, Mr. Igor Tomić.
So what could be written about Upland without it already being said and written? Here I will try some of my personal approaches and experience with this P2earn game.
Upland is a game that originated in 2018 and is very similar to the Monopoly board game, and as the stories say, it was created during a late-night Monopoly game where players came up with the idea to move the game to the virtual world and put it on the blockchain, and was put into operation in its current form in 2019.
Game basics
In Upland, players buy virtual real estate and build their virtual buildings on it, then trade it again in Upland's virtual market and earn a game currency called UPX (cannot be exchanged on the free market, except within the game) and can be exchanged for US dollars and that's about 1: 1000, so for a thousand earned UPX, you get $ 1. Although the game is completely virtual, it has one instance that is based on the real world, and that is the map of Upland, which is completely identical to the real world and to such an extent that there is an option similar to Google street view in which you can see your virtual property. So if you buy a virtual property in Upland, that GPS location will exactly match the real GPS location of the real building or land in the real world, and when you look at a street view in Upland, it will show the real location of the real building or land in the real world just like Google street view. In addition to the option of trading and building construction, Upland also has various competitions and treasure hunts, and many other interesting things that capture the attention of its players. The game also has several levels that players must achieve, the first of which is a Visitor (up to 10,000 UPX) in which the player to keep his UPX and his land needs actively log in and renew his Upland visa. In the event of an Upland visa expiration, the game administrators confiscate all your funds and land and throw them into the Upland community pool. At this level, players do not have all the options available in the game, because they are just beginners and learn about the game and its rules, and this is one way to protect against bots, but still, have one advantage, and that is that they can buy land that is light green in color and marked FSA (Fair State Act), at discounted prices. By the way, there are gray lands in the game that are in fact unpurchased and non-minted, then light green FSA, then dark green, which is bought and minted, put up for sale, and finally blue which indicates the lands you own. When you reach 10,000 UPX you move to a new level, which is Uplander, which opens almost all options in the game, followed by the Pro level of 100,000 UPX, then goes Director level of 1,000,000 UPX, followed by the Executive level of 10,000,000 UPX and finally Chief Executive from 100,000,000 UPX onwards.
This was an overview of the very basics of the game, because of course it has many, many more interesting options that I leave to you to explore, and in my further text I would focus on how I personally experienced Upland and what was my journey from a complete beginner, who knew and understood nothing, to a proud Uplander who does not know too much, but still tries and pushes forward and every day in every way progresses more and more.
My personal experience
So let’s go back in time to the day I found out about this game and decided to install it on my cell phone.
Every day, I worked on my laptop and did daily tasks, because my wife and I work online, and in moments of respite I sniffed the depths of the Internet looking for some new opportunity to work and earn money online. So in search of P2earn games, I came across an article about Upland. I told my wife about the article and explained to her in a rough outline what exactly it was about, so we decided to install the game on my cell phone and give it a try.
Of course, as a complete beginner, I hardly took advantage of the 6,000 UPX bonus that can be obtained if you sign up via this referral link and I bought my first virtual property on Staten Island, New York in Upland. It wasn’t until weeks later that I realized my first beginner’s mistake, and that was to buy the first property in a city where there were no more vacant properties that could be purchased under the FSA (Fair State Act), at discounted prices. I warn you, future Uplanders NEVER, but NEVER repeat this mistake, because it will significantly reverse your progress in the game. My first good move was to log in for 7 days in a row and pick up my second bonus in the game which consisted of 300 UPX. Follow my example, as a future player and don’t let this bonus slip away from you, and don't let your Upland visa expire, because in that case, you will lose all UPX and real estate acquired in the game. I spent the next few weeks regularly logging into the game and collecting the basic rent brought to me by my only real estate in the game and as you can imagine my progress was similar to a snail’s pace.
Then I learned about treasure hunting and set out on this path in hopes of increasing my UPX supply to 10,000 and becoming a full-fledged Uplander, but for me, it was my second big mistake and my UPX started slipping through my fingers because in hunting for treasure to get maybe 200-300 UPX you have to spend a lot of UPX standing on someone else's property, and this is paid every time, similar to the game Monopoly. Although I was lucky and once found a treasure of some 300 UPX, and it happened by sheer coincidence (namely, the treasure was on my only property and so I won it) I quickly realized that without owning a large number of properties scattered throughout the city, treasure hunting does NOT pay off, because you can only move around the city without paying if you have a large number of scattered lands that you can land on for free. In those moments, I began to slowly lose the will to play, believing that progress was impossible and that I would never become a full-fledged Uplander, and I did not see a way out of my situation.
Already when I was close to giving up and complete defeat, I came across an article right here on Publish0x that wrote about ways to progress in the game and different tactics. After reading that article and thinking carefully about what to do next, I made a decision and invested no more and no less than a full $ 5 or in translation 5,000 UPX. That $ 5 along with my 7,000 UPX gave me the required 12,000 UPX and I became a full-fledged Uplander. From that day on, my progress in the game was obvious. I also learned, from an article I read, that you can travel through Upland by train a little cheaper and by plane a little more expensive, so I packed my suitcases and headed to a new city attached to a game called Detroit. Detroit was full of light green land with the FSA label, which meant that I could buy and sell new real estate at will, ie two real estates a week, but according to the previous situation I was in Staten Island, New York, this was a paradise for trade. I am now the proud owner of 5 properties, 4 in Detroit and 1 in New York. I must emphasize that the only property in New York that initially seemed like a complete failure turned out to be a very good investment because all real estate in the game that was bought by the FSA after 6 months you can start selling for real US dollars and now I have the opportunity for real earnings at my fingertips if I want to sell land in New York. My total real estate value has quadrupled and from the initial $ 5 investment I now have an enviable $ 20 which is not some big money, but the biggest things and the biggest investments in the world have to start from the beginning, so my trip to Upland had to start with those $ 5.
Conclusion
What else to say at the end than that I liked this game in the end and that I think it has a bright future, as I do with it, and that I hope that in addition to America and American cities one day Upland will arrive in my country Croatia and I will buy and sell properties well known to me in my city and throughout my homeland.
Congratulations once again to all Publish0x members and Upland players, and to you readers who have not yet played Upland this virtual Monopoly I want you to start the game as soon as possible and I wish you big earnings and a good time inside the game.
Greetings from Neo77
Step by Step Instructions to download, install and set up Tally Ho digital wallet for complete beginners!
"Tally Ho is an exclamation that fox hunters use when they see a fox". Time will tell if the dog (Tally Ho) will catch the fox (Metamask) or if that fox will run away and leave the dog (Tally Ho) to despair alone far away from everyone!
The first thing I would like to do when writing this article is to greet all the readers of Publish0x, this great platform dear to me, and then all the writers and authors, and then my favorite author and one of the administrators of this platform, which is my compatriot Igor Tomić.
So this would be the second article I've ever written for a Publish0x writing contest and I'm very pleased and excited to have the opportunity to do so. Until this writing contest came along, I lived in great anticipation and couldn't wait for the opportunity to write for Publish0x.
The topic you will read in this article is already mentioned in the title, so I will start writing and explaining it without further delay. In addition to describing my own experience with the download, installation, and setup of the Tally Ho wallet, I would like to draw your attention to the fact that in my article you will be able to read the comparison and the basic differences between Metamask and Tally Ho wallet.
Tally Ho wallet download and installation
The first thing you need to download and install Tally Ho is of course a link that takes you straight to the installation page, so here's the link and let's start a new adventure:
When you open this link, the main page will appear, and in the upper right corner a brown button that says download. I tried to click that button and there was no reaction, so I think the same thing will happen to you. Do not immediately start to despair, but scroll down the page a little where you will find buttons with links for Chrome, Firefox, and Brave browsers. My choice was the Chrome browser, and of course, you have the right to choose the one that suits your taste.
Immediately after clicking on this link, Chrome's web store will open, where in the upper right corner you will see a link that says add to Chrome. Click on that link and give permission to install the extension. If you did everything right, you should get a message in the upper right corner confirming that the extension has been installed. For your Tally Ho wallet to be visible, you should now click on the EXTENSION icon located in the top right corner of the screen near the icon that indicates your Google profile. When it opens, click on the PIN icon next to the Tally Ho Wallet label, and when the PIN icon turns blue your Tally Ho should be visible in the top right corner of your screen.
Your next click should be on the Tally Ho extension located at the top right corner of your screen and when the wallet opens, click on the brown icon that says CONTINUE until you see the GET STARTED icon and then click on it.
If you did everything right, you should see a page in your wallet that says ADD ACCOUNTS and then select the CREATE NEW WALLET option on it, which should be the last of the four options, so the one at the bottom.
After clicking on this link, a page will open that says "FIRST, LET'S SECURE YOUR WALLET" where you will enter your new password and then repeat it, choose whether you want Tally Ho to be your main wallet or not, and then click on BEGIN THE HUNT button.
IT IS VERY IMPORTANT TO EMPHASIZE THAT YOUR PASSWORD SHOULD BE AS COMPLICATED AND DIFFICULT AS POSSIBLE AND NOT DUPLICATED ON OTHER SITES AND THAT YOU SHOULD STORE IT IN A SAFE PLACE OFF THE INTERNET FOR EXAMPLE IN A NOTEBOOK.
When you have chosen the password and entered it and saved it, click on the BEGIN THE HUNT button, and a page will open that says SAVE AND STORE YOUR RECOVERY PHRASE.
I CAN NOT STRESS ENOUGH THE IMPORTANCE OF THIS PART OF STARTING THE WALLET SO BE CAREFUL AND LISTEN CAREFULLY TO WHAT NEXT NEXT!
Carefully read everything that is written on the page and when you are sure that you understand everything, click on the REVEAL MY SECRET RECOVERY PHRASE button. Clicking on that button will open a page with a string of 24 words. THOSE WORDS ARE THE MOST IMPORTANT PART OF YOUR WALLET AND THE FATE OF YOUR CRYPTOCURRENCY AND NFT DEPENDS ON THEIR CAREFUL STORAGE. The loss of these words means the direct and permanent loss of all your cryptocurrency and NFT and with it the loss of all your cash equivalents. If these words are forgotten or lost there is no way to open your wallet and therefore no longer have access to your money forever!
My suggestion to you would be to write those words in a notebook and save them in a safe place, and I personally like to copy those words to a USB stick that I don't use on the Internet and also write them down on paper so that I can make sure of it multiple times.
When you have done all that carefully and conscientiously, you can move on and click on the I WROTE IT DOWN button.
Now a page will open that says VERIFY YOUR SECRET RECOVERY PHRASE and there you should click on each of your secret words in the exact order in which you have stored them before. When you have entered all the words in the correct order, the VERIFY YOUR SECRET RECOVERY PHRASE button will appear at the bottom, which you need to click on for the system to check whether the sequence of secret words entered is correct. If you have followed my instructions exactly until now, you should see the words CONGRATULATIONS and the TAKE ME TO MY WALLET button. By clicking that button, your new Tally Ho wallet should become fully active and ready to use. If this is not the case, it means that you made a mistake somewhere in the process and you should go back to the last step that was correct and slowly repeat all the steps until the end, of course reading my instructions and following them carefully.
Metamask vs. Tally Ho! The fox vs. The dog!
Who is better?
Now in this part of the text, there will be a short analysis and comparison of these two wallets, and it is intended for those who are a little more advanced in the world of cryptocurrencies and digital wallets.
The first thing I would like to point out here, and this is perhaps the biggest and most profound difference between Metamask and Tally Ho, is that Metamask is a wallet owned by a company that, of course, collects all the fees that are charged during the transactions made inside the wallet and all these monies go to the private individuals who are also the owners of Metamask, i.e. a company called ConsenSys, while the situation is completely different with Tally Ho. So, with Tally Ho, all the money collected from the fees charged during transactions carried out within the wallet does not go to a few private individuals or any company, but all that money is returned to the community of users of the Tally Ho digital wallet. This wallet, unlike Metamask, is a true decentralized digital wallet in the full sense, because there is no central body that could control it and thus fulfills the first and the basic purpose for which crypto was invented, i.e. the decentralization of finances and putting their management in the hands of private individuals i.e. us ordinary people, while large financial institutions like banks have no access or control over them.
Another big difference between these two wallets would be that Metamask is a Web2 wallet while Tally Ho is a Web3 wallet.
The third difference would be that Tally Ho can be installed as an extension for Chrome, Brave, and Firefox browsers, while Metamask could be installed on all these browsers and can also be installed as an extension for Edge, so Metamask would be at an advantage here because is supported in one browser more than Tally Ho.
One good common thing that connects them is that with both wallets the owners of the secret phrase or the master key to unlock the wallet are the users, and not some third person or company, so only the users have full ownership and the right to dispose of the wallet, which is one of the basic values for cryptocurrency advocates. If you have ever heard of the phrase "Not your keys, not your money", that phrase could not be applied to any of these wallets, because the owners of the secret words are also the owners of their money and only they can dispose of it in both of these cases.
Tally is 100% open source and owned by the community and not by a company, while Metamask tries to advertise itself as such, but that's not really the truth, because their code is actually owned by ConsenSys, and all the money they make from fees, and that would be about $1 M a day is pouring into their pockets. Being a Tally Ho contributing developer means your work will benefit the world and remain free instead of being exploited by for-profit software companies. And if you're a user, that means the Tally Ho code belongs to you as much as anyone else.
Metamask announced the release of its own token a long time ago, but despite its earnings, which amounted to around $250 M last year, that token still hasn't been released.
Tally has lower swap fees than Metamask, 0.5% vs. 1%.
Tally Ho has also announced the release of its own token named "DOGGO" and that too has not yet hit the market, but Tally Ho has only been launched recently and there are still many announcements for its upgrades and tokens so they should still be given a chance and give them some time to prove themselves and put their words into action.
These would be some of the basic features of both wallets and my Tally Ho installation guide which I have personally implemented and tested so I can confidently say that it works. I'm currently using Metamask because I'm used to it and it's been working for a long time, which doesn't mean I won't use Tally Ho in the future. In fact, I am quite sure that it will become one of my most used digital wallets, especially because of its features that enable the return of funds earned from fees back to the user community.
It is up to you, dear reader, to personally choose, based on my article and your own research, which of these two wallets is suitable for you and which one you will use because I am not a financial advisor, but I'm only expressing my own opinion. Well, good luck with that choice and follow me and keep reading my blog.
Visit my Twitter profile and you will find some very nice NFT-s
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Until the next article!
Regards!
Neo77
Earning Money Online With Wombat App
If you like to play games on your computer or mobile phone, if you like to collect NFTs, and also if you like to earn money online while doing all this then you have come to the right place. In this article, I will cover an app called "Wombat" which I have tried and am still a member of and use regularly.
I must warn you, here at the very beginning, that your earnings in this game will not be so high that you will be able to leave your full-time job and do only Wombat and live like a millionaire, but if you work hard and master the material well, you will be able to earn pocket money and along the way, have fun playing games, and who knows, if you get some very rare NFT and cash it well in the market, maybe there will be money for some luxury you've been wanting for a long time.
So let's start from the basics and first of all explain to everyone who doesn't know what the "Wombat" application would be. The simplest definition of this application would be that it is a GPT (Get-Paid-To) application which would mean that this application pays you some form of compensation, either in money or cryptocurrency, for performing some tasks such as installing and playing certain games that are sponsored by that application. In the case of Wombat, payment is made in EOS or PBTC cryptocurrency. The first thing you should do of course is to download that app and install it on your mobile or computer and install Wax or Eos digital wallet and create your account in one or both of those wallets to be able to receive payouts in cryptocurrency and NFT, and then create your Wombat account.
Once you have your user accounts set up you can start playing games and earning cryptocurrencies and NFTs.
Now I have to draw your attention to one very important fact, which is that every game must be installed via the link provided by Wombat and not otherwise because if you install the game without Wombat's link or if the game was already installed on your computer or mobile you will not get compensation for the game nor will you get NFT which of course means you will play for nothing and won't earn a cent.
If you had the game installed before, be sure to uninstall it delete all progress in the game, and then install it again via the Wombat link and start earning.
It is very important that you strictly follow the instructions given by the application to receive any compensation because even a small deviation from the instructions will cause problems and the compensation will be absent.
There are several ways to earn in this application, so we can divide it into a part called "Womplay" whereby you can earn tokens that can later be exchanged for crypto and NFT cards, and a part called "Wombat dungeon" where earned NFT - you can put on some kind of savings and where they can bring us income in cryptocurrency. That savings in the app are presented as a dungeon where you have to hide NFTs and then send little wombats to look for them, and when they find them you get a reward in the form of tokens that are later exchanged for crypto. This part of the application is very interesting and nicely designed like a game, where your wombat miners can be equipped with various upgrades in the form of NFTs, which can be obtained by playing games, or you can buy these NFT upgrades directly from the Marketplace called "Atomic Hub" which you can also access it using the "Wombat" app.
When you install your first game through the Wombat app, pay attention to the fact that there is an "NFT inside" mark on the game, because then in that game you will be able to get NFTs, if you complete the task that Wombat asks you to do. These tasks are very simple and usually consist of reaching a certain level in the game, playing the game for a certain number of hours, or collecting a certain number of characters in the game. When you complete the requirements and achieve what is asked of you in the game you will be rewarded with a randomly selected NFT. In addition to NFTs, playing games will reward you with a certain number of tokens that can later be exchanged for the cryptocurrency of your choice, i.e. EOS or PBTC.
It is important to emphasize here that when you stop playing the game, the break until the next start of the game must be longer than 30 minutes, otherwise you will not be rewarded with tokens for the game.
There is also another way to earn cryptocurrency, which is to solve small daily tasks that give you 100 tokens each. These daily tasks consist of the fact that you have to log into the application at least once a day, you have to play any of the short online games or you have to open the "Loot box" to get your 100 tokens for each of these actions, so a total of 300 tokens from the daily tasks that are exchangeable for crypto. I must mention here that there are two types of "Loot boxes". The first smaller "Loot Box" gives you a random amount of tokens on a daily basis for 24 hours, and the second "Loot Box" can only be opened when you collect an amount of 50,000 tokens in your account. This second "Loot Box" is the one that gives the real rewards, and these are NFTs, and pay special attention to it. When we have already mentioned the exchange of tokens for NFTs, I will tell you one more very important thing, the exchange of your tokens collected by playing games and performing other tasks is not possible just like that, and when you want it, there is already a procedure for that which you need to respect to get your crypto and eventually money if that's what you want.
Tokens are exchanged in such a way that you can deposit them from your account into the common fund for payment, which at the moment as I write this text is $3000, and then you have to wait for the end of a period of about 7 days until all interested parties have paid their tokens into the fund.
When that payment and waiting period passes, the total amount of tokens of all people who paid into the fund is converted into the cryptocurrency of your choice (EOS or PBTC) and divided into parts that are proportional to your token payment into the fund.
So let's clarify this calculation a little. If you gave, for example, 50,000 tokens to the fund, and the total amount of all payments to the fund amounts to 5,000,000 tokens, this would mean that you paid 1% of the total amount of tokens and when you cash out, you will receive 1% of the total crypto when tokens are converted into cryptocurrency.
Your earned crypto in the app will vary by the amount of your and all other token payments into the pool, which would mean that your crypto cash-out amount will never be the same.
If you are not satisfied with the amount of cryptocurrency received, there is another way to convert your tokens into something valuable, and we have already mentioned this way earlier in the text. Instead of paying tokens into the fund and waiting for the cash-out, you can immediately exchange them for NFTs, of course when you collect 50,000 tokens. I personally like this method better and I use it all the time, which does not necessarily mean that it will be as good for you as it is for me. It's a matter of personal choice, but I still prefer to exchange 50,000 tokens for a "Loot box" and get an NFT immediately, than to pay into a fund and wait not knowing what my share of crypto will be when paid out. This is a matter of personal choice and I believe that you will definitely choose what is best for you.
Wombat dungeon
Now that we have exhaustively covered all the ways of earning within the part of the application called "Womplay" we move on to the new part called "Wombat Dungeon".
In this part of the app, the focus is on NFTs and how to increase your earnings using them. All NFTs earned through playing Wombat-sponsored games and all other NFTs earned in any way using the Wombat App can be put into some kind of savings in the "Wombat Dungeon" and thus you can use them to generate passive income. This part of the app is designed elegantly and cutely as a dungeon where you hide your NFTs and then send the little Wombats out on mining missions and search for NFTs, and when they find them you're rewarded with tokens that at the end of each season are automatically converted into crypto also through a fund where all your earned amount of tokens is automatically transferred to crypto. You can set your Wombat's search time from 5 minutes up to 24 hours, which would mean that the Wombat's search will last as long as you set it yourself, and accordingly, you will be rewarded with so many tokens.
Since here NFTs play a major role in earnings, each of your NFTs also has a so-called "Mining power" which is precisely determined according to its importance, rarity, and price on the market, and this mining, power gives you a special power, and the higher it is, the higher are the earnings of tokens and eventually money. In addition, each of your NFTs also has the possibility of mining one of three special materials, and later that material, when a sufficient amount is accumulated, can be exchanged for NFTs that again have some special powers.
Every 24 hours, you can open a special box with prizes where you are rewarded with a certain amount of tokens, and occasionally you can also get a special NFT package which, when you unpack it, contains two NFTs with a special purpose. You can immediately hide those NFT packs in the dungeon to boost your mining power, or you can unpack them and get NFTs with a special purpose. So these NFTs with a special purpose represent equipment for your Wombats like shoes, a cap or mining helmet, a miners lamp, or any equipment that you can use to upgrade your Wombat and improve its mining and thus bring you more profit. All these upgrade equipment can be of different levels and thus of course of different prices on the market, but also of importance for you and your Wombat. By combining several of these different NFTs with the "upgrade items" option, you can again get a special NFT of great value.
There is another interesting option in the game, which is participation in missions where you compete, for example, in collecting NFTs or selling them or something else that is your task in a certain mission and the one who collects the most points gets the most crypto from the common fund, the second gets less, the third even less and so on.
As you can see, in this part everything revolves around NFTs and their merging, savings, purchases, and all other options that the application enables, all of which are packed into an interesting game with Wombats and a dungeon. I think you will certainly never be bored if you use this application which, as you can read yourself, is full of intricate and interesting options that you still need to explore, not to mention that the developers are constantly raising it to new interesting levels with constant updates.
Final word
Here, I tried my best to faithfully present this app to you through this article, and I hope to bring you closer and interest you in this interesting and complex application, now it's up to you to choose whether you will try it and use it, or whether it will sink in easily. into oblivion. I personally liked it, especially the part with NFTs, which is interesting and fun like any game, but once again, I have to tell you that you don't expect to become a millionaire overnight by playing with Wombats but arm yourself with patience, because this application is for people with patience who don't expect to make money overnight. If you invest enough time and nerves, the results will certainly not fail, and now I welcome you to my new article and invite you to subscribe to my blog and follow it, and maybe even to like it and share it with your friends if you enjoy it.
Many greetings and until the next reading!
Neo77