Tutorial

Cointiply – Best strategies to profit the most

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As per my previous article about Cointiply you got various ways to collect points to earn money on the platform. Some work better then others in my opinion. And with that I mean the effort/profit ratio various a lot. So what works best to get most out of the Cointiply platform in my opinion?

Surveys, surveys, surveys

As you might have guessed based on the headline, there is no way around completing surveys. Yes, you have to spend some time on them, but at the end you get rewarded with the best score. The longer the survey takes, the more points are offered. Not only absolute, but also relative. So you got the best effort/profit ratio there.

I made the best experience with “Yuno Surveys Direct” and “Theorem Reach” offers. But that was only me. Try all of them and find your personal favorites.

Strategies and tips

What is the best strategy to complete the surveys and get rewarded?

  1. Read the questions thoroughly as there will be control questions included. They are mostly simple math tasks or you have to choose a certain item from a list.
  2. Answer honestly. Not only are control questions included, there are also cross check involved verifying that you provide consistent feedback. Simple example is by including the same question twice within the survey. Or the opposite question, where also the opposite answer is expected.
  3. Some providers include a quality score per user where they use quite advanced techniques to find out if your answers are consistent (and with that honest). If you provide feedback to a certain topic or lets say about a certain product, the provider expects replies with a certain subject matter expertise. Not only just some generic high-level feedback. This could lower your quality score, which you lead to be excluded by some providers.
  4. Timing: There also seems to be a difference in the number of points you can earn depending on your time in the day. So check back regularly, if you can earn more points later in your day or also earlier.
  5. If you do not get rewarded for a survey, open a ticket in the Cointiply support area and provide evidence about the completion. The guys are very helpful and do respond quickly.

In a nutshell

The better your answers, the higher your quality score, the more offers you get from the same providers, the more points you get rewarded, the more money you can earn.

Hope these tips are helpful to earn some additional points and more money from the Cointiply platform. Got any further tips? Feel free to leave a response.

Don’t have an account on Cointiply yet? Please feel free to use my referral link: http://cointiply.com/r/XeGvg

How to install MetaMask – Tutorial for beginners

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MetaMask is the pretty much the standard if it comes to storing crypto currencies. As per their webpage, over 30 millions of users are using. This tutorial is for beginners.

What is MetaMask

If you are new in the crypto currencies world, you are probably overwhelmed by the number of options and wallets available and you might not be sure where to start? Right? No worries, I got you covered. Here you will find an easy step-by-step guide on how to install the MetaMask wallet to store (many of) the coins and tokens secure.

MetaMask can store all of the ERC-20 tokens. ERC-20 tokens you said? ERC-20 is a expression from the Ethereum vocabulary and defines a standard for all fungible tokens. You might have heared about ETH, BNB, Drip. There are many, many more. All tokens from the Etherum blockchain, from the BNB blockchain and all blockchains based on Etherum can be stored in MetaMask. It is a lot. Hence, MetaMask is a good starting point. But enough of the technical stuff, lets gets back to the basics and start with the installation.

Download MetaMask

Make sure you download the extension only from the official side. Navigate to www.metamask.io and click on the button “Download for <your browser>”. I am using Firefox, hence that icon is showed. This will guide you to the extension repository of your browser. Click “Add to Firefox” or “Add to Chrome, if you are using Chrome. And then endorse again, if your browser ask to confirm the installation. Your browser will confirm, that the new extension is added. Click “Okay”.

If your MetaMask extension got installed successfully, you should see a little Fox icon at the top right corner in your browser. Together with all your other extensions installed.

Great, now you got MetaMask installed, now we have to create your personal wallet. The installation might look a bit lengthy, but that is only because I added a screenshot for every step to guide you safely through the whole installation process.

Create your wallet

Click on the MetaMask item and a page like the below will load. Click on “Get started”.

As the next step, the MetaMask developer ask you if you like to provide data to improve the product going forward. Up to you, if you like to send your data or not. I would argue it is safe, but at the end it is your decision. Click either on “No thanks” or “I agree”.

As the next step, you click on “Create a wallet”.

Next you have to define your password. Make sure you use a complex password, a mixture of upper and lower cases, numbers and special characters. Lengthwise go for at least 12 characters. Yes, harder to remember. But for sure more secure. And you like to store your digital money here and you like to sleep well during the night. Convinced? And to make thing even more secure, do not store the password on your computer. Don’t take a digital picture of it. Write it down on a piece of paper and store it somewhere safe.

Click on “Create”.

Then a learning video about the Secret Recovery Phase follows. I highly recommend to watch it.

After you watch that video, you will get your personal Secret Recovery Phase. Click on “Click here to reveal secret words”. As the text says already, never disclose this phrase to anyone. Never. No matter who asks.

Treat the the Secret Recovery Phrase the same as your password: Do not store this phrase anywhere digitally. Only on a piece of paper. Keep it as safe as possible.

After you wrote that phrase down on your piece of paper (and again, not digitally) MetaMask asks you to confirm your Secret Recovery Phase. Just click all of your words in the correct order to ensure you got it written down correctly. Once you clicked on all the 12 words in the correct order, click “Confirm”.

If everything went fine, you are the proud owner of your personal MetaMask wallet and are ready to store your coins in it. Congratulations. Click on “All done”.

You will find your wallet address below “Account 1”. Many numbers. No need to remember it. My test wallet for this article is “0xdA194DD3815C41DC8deB96FbEDd13778C7417B9d”. Whenever you need it, like to send some coins to your wallet, you can copy it by simply clicking on it.

Adding BNB Chain

So you got now your wallet ready and it is connected to the Ethereum Mainnet. We will now add the Binance BNB Chain, as one of the most popular Blockchains. I am following the guide from the official Binance website:

Click on your MetaMask item in the top right corner of your browser, click on “Ethereum Mainnet” and then on “Add Network”.

The below screen pops up. Fill in the information as per the screenshot I took for you. You can copy/paste the information from below. Or copy it from the Binance page I linked.

Once you filled in all the information, click on “Save”. And done. You are now connected to the BNB Chain. You can choose your network by simply clicking on MetaMask icon and then on the current network and select the one you need in the menu popping up.

Whats next?

The next step is then to transfer some tokens to your MetaMask wallet and trade for the first time. We will cover this topic in one of our next articles soon.

Comments about such beginner articles are highly welcome and appreciated. Too challenging? Too complex? Too lengthy? Let me know. Thanks for reading.

Drip – How often to claim to get most profit?

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Welcome to another episode of our Drip journey. Please feel free to read my other articles about drip like “I joined the Drip community – Ready to make millions“, “Drip – What is the BR34P token used for?” and “Drip – What are the risks?” if you are new to Drip.

Today we look at getting the maximum out of the 1% daily reward and how often should we claim. I am aware of the more complex strategies, but lets have a look at the simple technics today and cover the more complex strategies a bit later in our series.

So Drip pays out 1% on a daily basis on your deposited tokens in the faucet. So the more you deposit, the higher your reward. Have you read about compounded interest? Or interest on interest? This is exactly the big power of the system. The more often you compound, the higher your reward gets. You deposit every day your reward, your deposit increases and so does your daily reward. Exponentially.

But what happens if you re-compound just every other day, or weekly or even only once a month? How big is the difference in profit?

I did the calculations for exactly that.

The table above shows you the number of coins you will end up with if you re-compund daily, weekly or monthly with an initial investment of 10 Drip tokens. To my surprise the difference is not as big as I expected it to be. Of course you got the most profit out if you re-compound as much as possible. But you got also the fees you pay for each transaction. I ignored those for simplicity here. But as you can see, if you spend only a few minutes a month and re-compound only once every month you end up with only about 8% less coins after a year. With way less effort then pressing the buttons every day.

Conclusion

Daily reward is nice. Daily re-compound means you have to think about it each and every day and go to the faucet and claim. And pay the fees. To make it closer to passive income I think it is enough to re-compound just every other day, not having to think about Drip on really a daily basis. Unless you really enjoy. Then please, go for it.

Buddy/Team

If you are looking for a buddy and/or a team, feel free to use my link below. You are welcome to join:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Drip – How to claim your first slice of your millions to come

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Or in other words: How to claim your first daily reward of 1%. So pretty much 24 hours after my initial deposit, my reward is ready to be claimed. Or, as we like to increase our rewards going forward, we will not claim, we will re-compound the profit to increase our deposit and get a slightly higher reward in the next 24 hours. Ready?

How to compound

The process is pretty easy and straight forward. Let me show you. As a first step go to your Faucet site and connect your wallet if not done yet. The dashboard shows you at the top left corner how many Drips are ready to be claimed. In my case I earned 0.129 tokens on the first day. In USD this is 1.27 USD. Remember my article here, where I stated that my initial investment was about 100 USD? Bingo, roughly 1% of reward. Not bad, huh?

Now lets re-compound our earned tokens by clicking on the “Hydrate (compound)” button on the right hand side of the faucet side. Your wallet will ask you to confirm the transaction, approve that, wait a few second until you see this screen:

Congrats, you compounded your reward. Our deposit increased and the reward will be calculated on the increased amount.

And that is it already. This should be your daily (or every other day) routine as Drip community member. And passive income earner. Lets increase you investment and earnings going forward.

Buddy/Team

If you like to join me on my Drip journey and are looking for a buddy and/or a team, feel free to use my link below. You are very welcome to join:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Drip – What is the BR34P token used for?

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You might have ready my article “I joined the Drip community – Ready to make millions” yesterday. Yes, I started digging into the Drip system and bought my first tokens.

Today we are exploring the BR34P token.

What is BR34P used for?

As Drip supports a referral system where you can earn from your downline, your team. In order to receive these referral rewards, you must hold BR34P tokens in your wallet. Just in your wallet, not staked or deposited somewhere.

Depending on the size and structure of your team, you need a certain amount of BR34P tokens. The bigger your team, the more tokens you need to own. Here is the requirements from the whitepaper:

BR34P token requirements

Examples

Lets assume you have a team of 5 members. One of your members referred another colleague. So from your perspective you got 2 Levels and would need then 3 BR34P tokens to be eligible for the rewards from both levels. Pretty straight forward, no?

Timing is crucial here: If you don’t own the required number of tokens by the time one of your team members make a deposit or re-compounds, you are not eligible for the reward. So make sure you have them ready when planning on building a team.

Where to get the BR34P token

You can buy the BR34P token as any other token on Pancakeswap. Just make sure you enter the correct contract number of BR34P into the system when buying. Checking CoinMarketCap this is 0xa86d305a36cdb815af991834b46ad3d7fbb38523. Please verify yourself that your are buying the correct token.

Buddy/Team

If you are looking for a buddy and/or a team, feel free to use my link below. You are welcome to join:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

HNW Refinery – Is this the new Drip?

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As mentioned in one of my other posts a while ago, I will start to explore some high risk DeFi projects going forward. Here is another journey I started only today.

Have you ever heard about Drip? Pretty sure you did: Invest into Drip, buy some tokens, deposit them and you will be rewarded with 1% on a daily basis. You either re-invest this amount or you take profits and claim it. Drip also used a referral system, where you can profit from your ‘team’ which led to quite a lot of Drip articles on Medium and everywhere.

I have to admit, I never used Drip myself. Looking at the current price chart of it, I decided to not choose Drip for my experiment (or better experience), but use one of the new similar and hopefully improved systems instead: HNW refinery. Let me take you on my journey. Keep in mind, I am just learning about this system together with you. Should we get started?

Overview

The team behind HNW is, as per their Whitepaper, a “team of professionals who want to change the crypto space through hard work, ingenuity, and trust.” And this is intended to be achieved by community building the best offers to clients and investors. It is mentioned a several places that the teams mission and number on priority is to keep the investors money safe. That is a good starting point I would say.

HNW is collaborating with many so called alliance partners like Sidekick Finance, Crypto-Logic, Crypto-Hunters, etc. and offers various services in the area of NFT integration, community building, fund raising, anti-bot & other safe launch measures, smart contract consultancy and much more which adds utility to their tokens.

The foundation of the whole platform are 3 tokens:

  • HFUEL: To keep it short, this is actually the only token you need to start earning with the refinery. You deposit HFUEL tokens, which will allow you to earn rewards from your deposit.
  • HNW (xHNW): Mainly used for team leaders, or wingmen, as they are called here. Staking of these tokens is required to increase the maximum payout of your wallet. See picture below.
  • Sidekick (xSK): Staking of xSK can increase your daily reward from 0.8% up to 1.2%. See picture below too.

Tutorial – how to get started

Lets keep this article a bit shorter then intended first, a follow-up is planned, lets have a look at the steps I took to get started. Feel free to use it as tutorial for yourself too.

I bought 100 HFUEL as a starting point and received 95 tokens in my wallet. There is a tax of 5% on any buy, sell, deposit, transfer transactions. I then deposited the 95 tokens in the refinery and ended up with 90 HFUELs. So in other words there is a 10% tax to start with the refinery. Keep that in mind if you like to deposit a certain amount of tokens.

Prerequisite:

  • Metamask using the Binance Smart Chain
  • Some BNB (or BUSD) to buy HFUEL tokens and then also some BNB’s to pay the gas fees obviously

Steps to deposit in the refinery:

  1. Head over to the HNW dashboard.
  2. On the left side click on HFUEL to open the menu and then click on “Buy”. This directs you to PancakeSwap and you can add directly the HFUEL token to the token list to swap. Just accept adding the token to your list.
  3. Swap your BNB or BUSD for HFUEL tokens.
  4. Head back to the HNW site and click on “Refinery” and then on “Pipeline”.
  5. As a first step here you have to select your “wingman”. This is your team leader in the system. Either do your own research for your preferred wingman or feel free to add my address to support my journey in this area: 0xb3C253D80578f569cFd4fe2E916EDbF01B384577. Make sure to confirm the transaction.
  6. Then it is time to deposit the HFUEL tokens. Either hit “Max” or enter the number of HFUEL tokens you like to deposit. Once the number is added, click on “Approve” and then “Deposit”.
  7. As soon as your deposit is done, you will see your number in the dashboard in the section “Available” starts increasing.

Claim or refuel?

Once you deposited your HFUELs in the refinery you start earning rewards. As mentioned, depending on your stake of xSK between 0.8 and 1.2% daily. You can claim (5% tax) these and sell (15% tax) your tokens if you like.

Probably the better option at the beginning, and this is where the power of compound interest will show its strengths, is to refuel your earnings. So you will end up not only earning on your initially deposited tokens, but in addition also on your reward.

Lets assume you deposited 100 tokens and you earn 1% (for simplicity) you will earn 1 token after a day. If you refuel, you will earn 1% on 101 tokens the next day, which is 1.01 tokens. The next day 1% on 102.1 tokens, and so on. If you do your math, this sums up nicely for you.

And now?

So is this the new Drip? Before jumping to conclusions yet, lets explore the system further, lets see how the deposit growths, lets refuel to gain more. And lets have a follow-up to see if this investments was worth it.

Again my wingman address, if you like to use it:
0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Up to 8% daily? Lets give it a try – Enter the Ruby Mine

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Lately I was investigating in these so called high yield farming or auto-compounding protocols. Usually I avoid high risks investments, as it is against my personal risk appetite, but I will make an exception to learn something new and discover new fields within the DeFi world. So more to come in the next days as I explore further protocols and also invest into these.

So disclaimer first: Nothing here is financial advise, only my own personal experience and opinion. DYOR.

So what is Ruby Mine?

In short, it is a high risk, but also high reward protocol running on the Avalanche chain. The Whitepaper covers a tiny story about adventurers who discovered a thousands mile long mine and you can hire miners to mine ruby’s for you. The promise is up to 8% daily return in AVAX. Let’s test that.

How is this sustainable?

The liquidity is provided by i) the transaction fee’s: With every buy or sell transaction you pay a fee of 8%. Although the white paper states 6% go into development and 2% into marketing. Also ii) the recommendation is to compound 6 days and withdraw only on day 7. Otherwise there is a decrease of rewards implemented int he protocol. And iii) liquidity is available as long as new users are entering the ruby mines, resp. the contract. There is also a referral system implemented… Did I hear someone saying ponzi-nomics? So if you think to give it a try, better be quick is my impression. The project runs only since April 2022, so still early days I guess…

So lets give this a try:

Prerequisite:

You need Meta Mask connected to the Avalance C-Chain with some AVAX sitting in it. Given this is a high risk investment, just to mention it again, I put only a tiny amount into it. To stay within my risk appetite.

Steps to mine

  1. Then head over to www.rubymine.money and connect your Meta Mask (referral link)
  2. Enter the amount of AVAX you are willing to invest (I invested only 0.25 AVAX, again, high risk)
  3. Read and accept the disclaimer
  4. Click on “Hire Miners”
  5. Profit (soon)

Compounding and taking profits

Once you went for a nap, the next day, you go back to your “mines” and click – as recommended by the whitepaper – on “Re-Hire”. Remember the 6-1 cycle: Re-hire miners 6 times per week and take profits 1 time per week. Taking profits too often will exhaust your mine and therefore decrease your earnings in the short and in the long run. So rehire Day 1 – 6 and on the 7th day you can hit “Collect” to take your deserved profits.

So lets see how and especially how long these mines provide profit. Will provide an update on this shortly.

If you are interested to join the mining experience too, please feel free to use my referral link. No harm on your side, a bit support on my side. Thank you.

https://www.rubymine.money?ref=0xb3c253d80578f569cfd4fe2e916edbf01b384577

Whitepaper

Ruby Mine Dashboard:

Get started with FAIT on PancakeSwap – Tutorial

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What is FAIT?

FAIT stands for Flourishing Artificial Intelligence Tech. A blockchain data based, learning technology built by Flourishing Capital. As per their website their tech monitors more then 6800 markets and collects and analysis almost 3TB of data per week. Based on these data trade decisions are taken aligned on a set strategy (more on that later). So FAIT is using AI, not (only) rules, as a usual trading bot would do.

There is a web dashboard to monitor FAITs activities and a Telegram interface. The community, and probably also Flourishing, always refer to FAIT as “she”. Not sure where that is coming from though…. guess everyone got its own reason. Lets not go further here.

What is PancakeSwap?

PancakeSwap – or PCS in short – is probably the biggest Decentralized Exchange (DEX) on the Binance Smart (Block-) Chain. DEX means in other words you can do your business like placing trades, staking or yield farming on PCS without relying on a company or central exchange, all activities can be done directly by you with your wallet. No man in the middle. PCS is famous for fast and cheap transaction. Many tokens are supported. Less popular ones can be added manually (you need to know what you are doing obviously) and can also be traded easily once added.

Why should I use FAIT?

FAIT is not emotional. FAIT knows (almost) all the data. At least the ones she is monitoring. She follows the strategy you set without looking left or right. Talking about strategy: Per exchange you can set your anchor currency. WBNB for PCS is the default. What does that mean? Well, FAIT is conducting all trades with the goal to accumulate more and more WBNB. On Bittrex you can set the anchor currency to BTC, ETH or USDT. Whatever you prefer and like to accumulate.

How well does it perform?

I tested it now for not even a month on PCS and also on Bittrex. I honestly don’t have a big amount of money on PCS, but it still works fine.

FAIT completed 21 trades since I started using it (her) on both PCS and Bittrex around 20 days ago. Calculating my average profit per trade I got currently 4.6% profit per trade across both exchanges. Out of the 21 trades, 20 were profitable, and only 1 trade ended with a loss of 9.6%. Luckily, this was a very small trade and I lost only 0.84 USD. Guess it sounded worse then it actually was at the beginning.

How much does FAIT cost?

Flourishing offers two price plans currently: One for CEX or DeFi, currently only PCS, and a price plan for CEX’s, currently Bittrex and Binance supported.

  • For CEX: You need to held 0.75% of your AUM (Assets under Management) in AI token.
  • For DEX: Besides the 0.75% you pay a monthly subscription fee of 40USD.

Exam-question: Is it worth it?

Guess you are the only person who can answer that. For me, yes, it is. I profited so far way more then I paid. I also joined the IDO on BSCPad last year (yes, I regret not having used the service since back then….), hence I had some AI tokens lying around in my wallet and wanted to do something useful with it, hence I gave it a try. I am impressed by the service and technology the team offers and delivers so far. Also the support provided by the team is great.

I am sold. What do I need to do?

Let me show you step by step how you can get started with FAIT on PancakeSwap. I assume you have MetaMask already hooked up to the Binance Smart Chain.

  1. Sign-up for an account with Flourishing
  2. Buy (or you might have already) some BNB tokens
  3. Log in into the dashboard
  4. In the top right, there is a blue button with all the exchanges. Click on PancakeSwap and on “connect”.
  5. Under “Settings” (navigation bar), there is a section called “PancakeSwap”. There you see your custodial wallet address. This is the address “your” FAIT is trading with. Send the desired number of BNBs (and only BNBs) to that address.
  6. Click on “Portfolio” in the navigation bar and wait until FAIT picks up your BNB’s. It should show up as “Assets Under Management”.
  7. Wait for FAIT to make her first trade for you.
  8. Profit.

These are the very basic steps to you get you started with FAIT. Play around with the settings currently offered to familiarize you with the dashboard.

Where can I ask questions?

Flourishing got a pretty active and helpful community on Telegram. Just go there. Feel also free to add a comment here on that page if you like.

Referral link for signing-up via Telegram: https://t.me/flourishingcryptobot?start=1611699253
Don’t have BNB’s? Easiest way to buy BNB directly is via upLink. Tutorial here.

Easiest way to buy crypto currencies? upLink

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Usually you read about the complexity of buying crypto currencies. How complicated it is, how many steps you need to take, how big the risk involved is, and a lot more of – mostly negative – things are wandering through the (mainstream) news portals.

The arguments are now useless. Flourishing Capital solved it. Full-stop. How? They created upLink.

UpLink is an easy interface to swap your FIAT in one (1) step into crypto. Directly from your credit/debit card. It cannot be easier.

Currently BNB, Matic and their own token AI are available to buy. The team is working hard to implement further coins. You can also choose, if you like to use your own MetaMask wallet or if you like to use Flourishing Capitals own custodial wallet to receive your tokens.

Then you either connect your Metamask wallet, sign-up for a new Flourishing Capital account (or login to your existing) and checkout to get your new tokens to your desired destination.

Seriously, can it be easier to buy crypto?

I plan also to do a review Flourishing’s FAIT soon, but need a bit more time to test it thoroughly and see the results.
Update: Here is a very basic tutorial how to use FAIT with PancakeSwap

Prepare a PC power supply to use with a mining device

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Many mining devices do not have an internal power supply (PSU) hence they depend on an external one. In most cases it is a standard PC PSU. All modern power supply are intended to be used within a computer and switched on via the power button. As you your miner does not have such a power button, you have to ‘hack’ your PSU to run standalone. Here is how to ‘hack’ your PSU.

Requirements:

  • paper clip (or some wire)
  • electrical tape
  • pincers
  • a power supply

Cut the paper clip according to the pictures below. Then tape it with the electrical tape for shielding.

psu_paperclip_taped

Prepare paperclips for PSU

Prepare paperclips for PSU

Once this is done, ensure the power supply is switched off and not connected to the power plug. Put the paper clip in pin 4 and 5 of the 24switch connector to connect them. This bridges the POWER function of the PSU and it starts running as soon as it gets power. You can additionally shield the paperclip with electrical tape. This also ensures the clip does not fall out of the pins.

PSU Bridged and Taped

PSU Bridged and Taped

 

To make sure you don’t damage the PSU, don’t let it run on its own for too long without any power consuming device.