Phemex Announcements
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๐Ÿ“ฃ This is the official announcements channel of Phemex crypto exchange.

๐Ÿ’ฌ Join the discussion group: @Phemex_EN

๐Ÿ‘‰ Follow Phemex on Twitter: twitter.com/Phemex_official

๐Ÿ“ˆ Trade now: https://phemex.com
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โœด๏ธ What Is TownStar? A Step-by-Step Guide To Play & Earn On It

TownStar is a play-to-earn crypto game with a farming theme which rewards users for completing quests and daily challenges.
There are two versions of the game: free and paid (by buying an NFT to start).
Players earn the native TOWN coin by completing daily quests within a 24-hr time limit.

Learn more: https://phemex.com/academy/what-is-townstar-step-by-step-guide

#PhemexAcademy

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๐Ÿ‘โ€๐Ÿ—จ What Is Orion Protocol (ORN): Trade All Exchanges From One Wallet

๐Ÿ”น Orion Protocol aggregates the liquidity of various centralized and decentralized crypto exchanges into a decentralized platform.
๐Ÿ”น This enables traders to trade the best rates across exchanges without even a single trading account but via their own private wallets.
๐Ÿ”น Traders thus save on time and trading fees while getting the best buy/sell rates for their coins, without the risks that stem from storing their coins on a custodial, third-party exchanges.

Learn more: https://phemex.com/academy/what-is-orion-protocol-orn

#PhemexAcademy #DeFi

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๐Ÿ’ก What to Invest in During a Recession: 5 Doโ€™s & Donโ€™ts โš ๏ธ

What does one invest in during a recession, given the very bleak macroeconomic outlook predicted by leading analysts and investors such as Jeremy Grantham, Michael Burry and Ray Dalio?

The year 2022 has been a rough one. With the global economy having taken a beating the last two years due to pandemic lockdowns, 2022 brought on record-high inflation in many countries, leading to stagflation.

Read more: https://phemex.com/academy/what-to-invest-in-during-a-recession

#PhemexAcademy

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๐Ÿถ What Is Shibarium: Will It Take SHIB To The Moon? ๐Ÿš€

๐Ÿ”น Shibarium is an upcoming and long awaited Layer 2 blockchain solution for Shiba Inu, aimed at addressing the low transaction speed of Ethereum.
๐Ÿ”น Shibariumโ€™s aim is to lay the foundations for building out the Shiba Inu ecosystem, complete with a metaverse, a DEX, and blockchain games.
๐Ÿ”น Shibarium has been in development for quite some time, but its public version is expected to be released soon.

Learn more: https://phemex.com/academy/what-is-shibarium

#PhemexAcademy

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๐Ÿ”ฎ Stellar Lumens (XLM) Price Prediction: When $1? ๐Ÿค”

The year 2022 saw not only the crypto but traditional finance markets on a steady downtrend, against the backdrop of interest rate hikes and geopolitical uncertainty. With the leading crypto Bitcoin (BTC) down by almost 75% from its all time high of $68,789, it is no surprise that all other altcoins are languishing at similar lows. As far as Stellar Lumens (XLM) is concerned, the beginning of the year was the best period for it so far. The token opened 2022 at $0.29 but has been hovering around $0.13-$0.10 since May.

Read more: https://phemex.com/academy/stellar-lumens-price-prediction

#PhemexAcademy

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๐Ÿ”ฐ What Is zkSNARK: A Beginner-Friendly Explainer

๐Ÿ”น zkSNARKS is a zero-knowledge proof system that allows one party to prove to another party that they know a value x without conveying any other information about x.
๐Ÿ”น The key idea is that it should be impossible for the verifier to derive any information about x from the mere fact that the prover was able to prove they knew it. This protects the proverโ€™s data privacy.
๐Ÿ”น Zero-knowledge proof systems are used in a variety of applications, including secure communications, cryptography, and privacy-preserving data analysis.

More info: https://phemex.com/academy/what-is-zksnark

#PhemexAcademy #CryptoInsights

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๐Ÿ’ก What Is A Doom Loop?

A doom loop occurs when an adverse condition causes another adverse condition that, then, causes another adverse condition โ€“ creating a dangerous, downward spiral thatโ€™s difficult to escape.

Here is a doom loop example: Imagine a depressed man. That man can be depressed for a number of reasons, but thatโ€™s not important. Whatโ€™s important is the effect depression has on the man. So, imagine a depressed man. Now imagine that the depression leads the man to behave in a way that causes him to lose his job. Now imagine that this man comes into conflict with his wife because he lost his job. This is a doom loop.


More info: https://phemex.com/blogs/what-is-a-doom-loop-crypto

#PhemexAcademy #CryptoInsights

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๐Ÿ’ฐ Top Penny Cryptos to Invest in 2023 (With 5-Point Checklist)

Penny cryptocurrencies, also known as micro-cap coins, are digital assets with prices that are typically less than one dollar.

The big deal about penny cryptocurrencies is that these coins can offer investors unique opportunities to make large gainsโ€“anything from 50X to 1,000X gains or more, if investors are able to identify the right coins at the right time.


More info: https://phemex.com/academy/top-penny-cryptos-to-invest-in-2023

#PhemexAcademy #CryptoInsights

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๐Ÿ“Š Blockchain Analytics: 11 Free Crypto Research Tools You Need

Blockchain analyticsโ€“the science of extracting, analyzing and visualize actionable blockchain dataโ€“thus provide immense value to investors by helping them identify trends and make sound, informed investing decisions.

Learn more: https://phemex.com/academy/blockchain-analytics

#PhemexAcademy #CryptoInsights

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๐Ÿ“ˆ What Is Basis Trading? Profit From The Difference Between Spot & Futures Prices

๐Ÿ”น Basis trading is an arbitrage trading strategy in which a trader profits on the difference between the spot and futures market prices.
๐Ÿ”น Basis trading is mostly employed in the grains markets due to uncertainties in the harvest and the disparity between spot/futures markets once goods are shipped and delivered. It can also be used for crypto trading.
๐Ÿ”น The โ€œbasisโ€ in basis trading originates from the difference between the spot price and the futures price. If Ethereum (ETH) is trading at $1,500 on the spot market and $1,400 on the futures market, our basis is $100.

Learn more: ๐Ÿ”ฝ
https://phemex.com/academy/what-is-basis-trading-profit-from-the-difference-between-spot-futures-prices

#PhemexAcademy #TechnicalAnalysis

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๐Ÿถ What is Tamadoge? TAMA Price Prediction

๐Ÿ”น Tamadoge is a play-to-earn crypto gaming platform that recently launched NFT collections and is expected to release its first games very soon.
๐Ÿ”น Tamadogeโ€™s TAMA token, delivered x15 returns to early investors at its all-time high.
๐Ÿ”น Currently, the coin is hovering around $0.01 โ€“ $0.02, and it remains to be seen how the release of the Tamadoge games will affect TAMAโ€™s price.

Learn more: ๐Ÿ”ฝ
https://phemex.com/academy/what-is-tamadoge-tama-price-prediction

#PhemexAcademy #CryptoInsights

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๐Ÿ“‰ What Is Crypto Consolidation? ๐Ÿ“ˆ

Crypto consolidation is a state in which crypto assets are not showing significant gains or losses in price, but rather moving sideways as viewed on a market chart. Itโ€™s important to learn more about consolidation periods in cryptocurrency markets and what it could mean for your trading strategy.

Learn more: ๐Ÿ”ฝ
https://phemex.com/academy/what-is-crypto-consolidation

#PhemexAcademy #TechnicalAnalysis

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โ–ถ๏ธ What is RollerCoin: Online Bitcoin Mining Simulator

๐Ÿ”น RollerCoin is a play to earn (P2E) online video game designed to let players earn Bitcoin (BTC) and other popular cryptos whilst playing.
๐Ÿ”น It is a mining simulator, where the players play against other players in order to have the possibility of earning cryptocurrencies.
๐Ÿ”น Since its launch in 2019 it has become the most popular crypto mining simulator, boasting an active community of more than 2 million players. RollerCoin contains a number of mini games, as well as giving its players the ability to build their own mining farm, which is their main game.

Learn more: ๐Ÿ‘‡
https://phemex.com/academy/what-is-rollercoin-online-bitcoin-mining-simulator

#PhemexAcademy #CryptoInsights

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โ–ถ๏ธ How to Trade Bitcoin Safely: Trustworthy Bitcoin Trading

๐Ÿ”น
The collapse of cryptocurrency exchanges, such as FTX, means trustworthy Bitcoin trading is becoming increasingly important to all crypto investors.
๐Ÿ”น Bitcoin trading is safer when traders implement steps to prevent risk, such as choosing a reliable Bitcoin exchange that focuses on transparency, privacy, and regulation.
๐Ÿ”น Steps can be taken during trading to reduce risk and improve trade security. These include doing your own research and implementing buy and sell orders.

Learn more: ๐Ÿ‘‡
https://phemex.com/academy/how-to-trade-bitcoin-safely-trustworthy-bitcoin-trading

#PhemexAcademy #TechnicalAnalysis

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๐Ÿ•ธ Soulbound Tokens in Decentralized Society

Soulbound tokens (SBTs) are a concept introduced by Ethereum founder, Vitalik Buterin, and his co-authors to further develop a decentralized society and retake ownership of our own identities through digitalization. SBTs could mean increased security in DAOs by offering a transparent and non-exploitable way of tracking and verifying real voters. Soul wallets would allow instant access to verified information, meaning there is no need to go through a trusted intermediary.

Read more: โฌ‡๏ธ
https://phemex.com/academy/soulbound-tokens-in-decentralized-society

#PhemexAcademy #Metaverse

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๐Ÿ”“ Cryptocurrency Glossary

Highlights

๐Ÿ”น 2FA
Two-factor authentication (2FA) is a security process that requires a user to provide two different authentication factors to verify their identity. This could include a password and a one-time code sent to their mobile device.

๐Ÿ”น 51% Attack
A 51% attack is a type of attack on a blockchain network where a single entity or group of entities control more than 50% of the networkโ€™s computing power. This allows the attacker to potentially manipulate the network and carry out fraudulent transactions.

Read More: ๐Ÿ‘‰ https://phemex.com/academy/cryptocurrency-glossary

#PhemexAcademy #CryptoInsights

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