What's a DAO?

DAO (Decentralized Autonomous Organization) is a decentralized autonomous organization that runs on a blockchain.

How does it work?

All decisions in a DAO are made collectively, through voting by the participants. The DAO code is transparent and available to everyone, which ensures openness and honesty.

Advantages of DAO:

🛸 Decentralization: decisions are made collectively, without a "big boss".
⚙️ Autonomy: works automatically based on smart contracts.
🦋 Transparency: the code is open to everyone, no secrets!
🔥 Security: the blockchain protects against hacking. ️

Where is DAO used?

⭐️ Project management: development, content creation.
🫀 Community management: development, decision-making. ️

Examples of DAO:

⚡️ MakerDAO: manages the DAI stablecoin.
⚡️ Uniswap: decentralized exchange.
⚡️ Compound: lending protocol.

In which blockchains?

Ethereum, EOS, Tezos and others. Ethereum is the most popular.

DAO is the future of governance. Decentralization, autonomy, transparency and security are the main advantages.
#terminology #education #crypto #DAO

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What is crypto sniping?

👁Token sniping is a strategy used by crypto traders to profit from rapid price changes of a new token immediately after its launch on DEX platforms. It is based on the use of bots to automatically buy a token in the first seconds of its appearance on the market, while the price has not yet had time to grow.

Unlike classic crypto exchanges, where orders are executed through an order book, on DEX trading takes place through a liquidity pool. Each trading pair is represented by a pool containing two assets. The price is formed by an automated market maker (AMM) algorithm, which redistributes the balance of assets in the pool depending on supply and demand.

How it works:
💬 Search for new tokens: Traders look for information about upcoming launches of new tokens on various platforms, such as Initial DEX Offerings (IDOs) or Launchpads.
💬 Writing a bot: A special bot is created that will automatically buy tokens immediately after their launch. The bot must be configured for specific parameters, such as the number of tokens to buy, the maximum price, and others.
💬 Launching the bot: The bot is launched immediately before the start of trading a new token. It connects to the blockchain and starts "listening" for events related to the token launch.
💬 Buying tokens: As soon as the token becomes available for purchase, the bot instantly sends a transaction to buy a specified number of tokens.
💬 Selling tokens: After the token price rises, the trader sells the purchased tokens, making a profit.

Recent example:

The case with the BROCCOLI memecoin, which appeared after the Binance founder's post about his dog, shows the work of sniping. The sniper instantly bought up almost all BROCCOLI tokens on the BNB Chain after they appeared on the DEX. He used bots to monitor the blockchain and priority transactions. Then he split the assets into several wallets and gradually sold them through the Disperse service. When ordinary traders began to buy BROCCOLI en masse, the sniper took profits, receiving about $28 million.

Advantages/disadvantages of token sniping:
💬 High profit: With successful sniping, a trader can make a significant profit in a short period of time.
💬 Automation: Using bots allows you to automate the process of buying and selling tokens, which saves the trader's time.
💬 High competition: There is a lot of competition in this area, and other traders may also use bots for sniping.
💬 Technical difficulties: Writing and configuring a bot requires certain technical knowledge and skills.
💬 High cost: creating such a bot costs tens of thousands of dollars.
💬 Market instability: The cryptocurrency market is very volatile, and the token price can quickly change in any direction.
💬 Fraud: There is a risk of falling for fraudulent projects that can use sniping to manipulate the token price.
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#term #learning #crypto #sniping
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@EdutonEng                @EdutonEngChat

🤑 Void - New game from Notcoin

🥃 Enter

We're truly living in the future,fam

⚡️ Barely anyone could even have dreamed of this, but Jack Dorsey, with his BitKey wallet squad, has implemented a inheritance feature!

👻 Yep, now after a crypto degen kicks the bucket, their wallet can be passed down to their kin, or any other beneficiary they specify in their will.

👛 The heir can't touch it for six months, while the 'Delay and Notification' period runs its course, but that's no biggie, especially if there's Bitcoin stacked on that wallet 🤩

Would you pass on your crypto stash to your relatives, or would you send it all to the burn address to reduce the coin supply? 😅

@EdutonEng                 @EdutonEngChat

⚡️Trump made an announcement today:

"A US crypto reserve will pump this vital industry after years of FUD and attacks from the Biden administration.
That's why my digital asset executive order directed the presidential working group to move forward on creating a crypto strategic reserve, including XRP, SOL, and ADA. I will make sure the US becomes the world's crypto capital. We will make America great again!"

⏫After that, BTC, XRP, SOL, and ADA showed beautiful green candles (pumps)!

Are you hodling any of these assets? Share in the comments!

@EdutonEng @EdutonEngChat

💪 Durov is free!

LFG!🔥

Five years ago, the first Solana block was mined!

🐆 By focusing on network scalability, the blockchain developers have achieved pretty good results: the blockchain is considered one of the fastest, while having cheap fees.

🔝Solana's maximum price reached $294, and now its market cap is $65 billion with a token price of $130. In general, the crypto community predicts a bright future for the project, the meme trading volumes alone speak volumes!

Are you holding $SOL? What is your experience using the blockchain? Share in the comments!

@EdutonEng @EdutonEngChat

Big gains for the little messenger:

⚡️Yesterday, 03/19/2025 - Telegram officially moonshot to 1 billion monthly active users, becoming the second most popular messaging app in the world, excluding Chinese WeChat (WhatsApp is currently number one)! Even Elon Musk congratulated Pavel on this ATH on X!

⏫Telegram launched in 2013. In the first few months, about 100,000 users aped in. By early 2014, Telegram's user base had reached 35 million.

👾 On average, each user opens Telegram 21 times a day and spends 41 minutes daily in the app. In 2024, the company generated $547 million in revenue.

How often do you check your favorite groups and chats on Telegram? Share in the comments!
P.S: Admin spends at least two hours a day hodling on research

@EdutonEng @EdutonEngChat

When you ape into someone else's lavish lifestyle:

🚀 11 years ago, Virgin Galactic started accepting Bitcoin for booking a trip to space. Tickets were priced at $250,000 or around 300 BTC.

⏬However, none of those who paid in BTC have mooned to space yet, and the sats they dropped are now worth $25 million. 😬

🕷Virgin Galactic, founded by billionaire Richard Branson, has rug pulled the launch dates for commercial spaceflights multiple times. Initially, launches were planned for Q3 2022, then got pushed to Q4 2022, then to Q1 2023, and finally to Q2 2023. These delays rekt the company's stock price, which dumped 12% after another delay announcement. ​

Have you already bought tickets to Mars from Elon Musk, or are we still gonna be trading on Earth for now? Drop your thoughts in the comments! 😳

@EdutonEng @EdutonEngChat