🚨 How not to lose all your money on a scam?

Experience shows that scammers evolve along with the market. Newcomers continue to fall into the traps of scammers. And I don't stop telling you how to avoid being scammed in the crypto market, particularly in telegram.

Types of scams via telegram and social networks 👇

❌ Fake token

A scammer buys a news/analytics channel with normal content. Then buys ads in the top channels and under the fresh audience publishes signals urging to buy token X before listing on the main exchanges.

Initially, the token is fake. The contract spells out a feature that prohibits selling the token. That's why the price goes up forever, the scammer gets richer, and the hamsters get poorer.

✅ Conclusion: Before buying, check the token on CoinMarketCap, analyze its tweet. Do NOT buy tokens through contracts published in channels/chats. All official contracts are on CMC or Coingecko.

❌ Scam Telegram Ads

Telegram Ads are ads that pop up at the bottom of the channel. Only Telegram is responsible for these ads. Channel admins have no influence on the quality of these ads and get nothing out of it.

Sometimes scammers advertise their channels through Telegram Ads, showing their successful signals. And after a while, they skam subscribers through trust management (TMA) or skam tokens.

✅ Conclusion: Do not trust those channels which offer to deposit money somewhere, buy signals or give money to a trust.

❌ Phishing links in official social networks

There have been many cases where discord or twitter of big projects have been hacked and posted phishing links to airdrop or mint NFT. Or scammers have created similar social networks and offered to get free tokens/NFT on the site right now.

After connecting to the site and signing the transaction, the scammer would gain access to your wallet. These are far from isolated cases.

✅ Conclusion: Always have several wallets. A primary one for connecting to trusted sites (OpenSea, Uniswap) and storing liquid assets. And secondary - for activities, dubious projects and riserch.

💭No one is immune to scammers. To lose less, use the rule of thumb: "Go slower when it comes to making money, and faster when you want to keep your assets.

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📈 What are Nodes and how do I make money? In Simple Words

Many people know about nodes as they use them in various blockchains to earn rewards, but not everyone understands exactly how this kitchen works from the inside. Let's understand 👇

⚙️ Node (network node) is a server with software connected to the blockchain. It verifies and validates transactions and blocks, keeping the network secure. Network nodes can "communicate" with each other. They use P2P protocols for this purpose.

A node's job is to monitor the validity of the information in the blockchain. To do this, they check transactions and blocks of data, and validate them. This helps secure the cryptocurrency network and prevent fraud📊

Nodes check the information in the blockchain against other network nodes to make sure that it is correct and integral. Each block in the blockchain contains information about all previous blocks. If one block is changed, it will cause a loss of consistency (consensus) in the blockchain.

✅How to earn?

Some projects reward those who put up nodes. Look for projects like this here. For example, Aptos gave away 300 APT ($3-$4k) each for filling out a form and installing a node. To run a node, you usually need to rent a server for $10-$200, depending on requirements.

💭Would you be interested in learning more about nodes, their installation and profits?

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A selection of Ai services to help crypto guys

⚫️Stable Diffusion: AI picture generator. You can set different number of parameters, choose number of images (up to 12 variations). A great thing about this service is that when you run out of free credits you just register a new account for a temporary email.

⚫️Summarize.tech: a great service that will make you a summary of a Youtube video. You just paste in a link and you'll know what's being talked about in seconds

⚫️Perplexity AI: a search engine that combines AI and Google. Great for searching and processing information.

⚫️MidJourney: the AI image generator everyone knows about, better in quality than Stable Diffusion above but with a worse interface because it is a discord and also after the free credits you have to buy or create a new ds account.

⚫️Synthesia: text to video generator. You give him the text (which again can be generated) and quite real AI character will read it out. A powerful thing, which will soon replace a lot of your work.

⚫️ChatGPT: an obvious, yet very useful tool that allows you to write and translate articles on any subject. Many people know about it, but this list couldn't be complete without it.

⚫️Slidesai: a service for creating presentations. Just give it the text that ChatGPT generated and it will give you a finished presentation. On the free plan, you can make 3 presentations a month. If you need more, just make a new account.

✅Let's supplement, especially for you, this list with some huge collections of Ai for almost any purpose:

🟢600 Neuronics: can be a wand at work/study, just pick the industry we want.
🟢750 neurons: good for content makers.

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📈The main signs of a scam-project
⠀
Catch information that will help you distinguish worthwhile projects from those on which you are 100% likely to lose money📊

◾️Project team throws around promises they can't deliver. For example, promises guaranteed earnings that cannot be accurately predicted.

◾️The project team is anonymous. When implementing a quality project, there is no point in hiding the team. Even the opposite, a strong team is one of the factors of success of the project, which is evaluated by investors.

◾️The project has no technical documentation or working product. Even the most revolutionary idea without proper documentation of its technical solution is nothing.

◾️An announcement of a super large-scale project with a small team. It's hardly worth trusting a project if there are a few people on the team and they want to become the new Google or Apple without any product.

◾️Roadmap, painted out for several years ahead. The crypto market is very dynamic, with the likelihood that several peers will have already been released in that time.

◾️Large share of the team in the allocation of tokens. Often a team wants to get 30-40% of the tokens, and loudly proclaims the high decentralization of the project. This looks very questionable.

◾️Low token price. Some may see this as a great potential for growth, but attention should be paid to capitalization.

◾️Weak marketing. Even the coolest product can fail if nobody knows about it. The absence of the project in any social networks is already a very alarming sign.

◾️It is not clear what the project does. If you've studied the information about the project, but still don't understand it, you shouldn't carry money there.

◾️Project hides information about competitors. A good project should not be afraid of competitors. If they are not mentioned in the documentation, that is a reason to think twice.

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📈Useful services in crypto | Part 1
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We prepared a list with different sites for real crypto! We tried to make this list as diverse as possible, so absolutely everyone will find something useful here, so feel free to share it with your friends!

(Be sure to keep it in your notes)

Here are services every self-respecting cryptan should have in his arsenal 🧠

◾️CoinmarketCap
The site provides information about all tokens, gives smart contract numbers, brief information about projects and a general summary of the capitalization of the whole market.

◾️Crunchbase
A mega-cool service that provides information on investments, funding, founders and CEOs, mergers and acquisitions, news and industry trends. A tip: find a fund we are interested in, look at its recent investments and based on them select projects for early activity.

◾️Coinmarketcal
A calendar of current crypto events. Users and can vote for the validity of the information, and officials confirm / deny it.

◾️Poocoin / Dextools
These aggregators will help in bep20 and erc20 networks to search and trade tokens which are not traded on exchanges. Extremely useful if you're trading shieldcoins that just came out.

◾️TradingView
Considering that many exchanges can block access to them, thanks to tradingview you can follow the rate of absolutely any coin, and look at the history of token since the start of listing on any of the exchanges. Also, it is a very handy service if you are a novice trader/investor.

◾️Defillama
Decentralized aggregator with general information about TVL in different networks and general information about projects providing farming/stacking opportunities. You can choose projects which already have a lot of liquidity + passed the audits. What will increase the safety of your funds.

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📈How to store your crypto assets properly? 🔐
ㅤ
Many of my subscribers are still "new to cryptocurrencies". And especially for you I prepared a post with basic rules of handling and storing your crypto.

1️⃣ Seed-phrase
We all know that when we create a wallet, we get a Seed-phrase that gives us access to the wallet on any device. But are we handling it correctly?

We can assume that most of you have the seed-phrase stored in your notes on your phone or computer. You should not do so, because your phones can also be attacked. And we're not just talking about hacking.

Your phone or laptop can be stolen, and if there is information about your crypto-purse inside, the loss can greatly exceed the value of the device itself.

In our opinion, the most correct way to keep a seed-phrase, even in spite of the digital age, is a piece of paper, which you leave in a safe or other secluded place. You can learn it, of course, but we wouldn't recommend being so sure of your memory.

2️⃣ Hardware wallets
An additional safeguard against hacking and stealing funds from your wallet can be the use of so-called "cold" wallets, which are not online and are offline until you need them. They are ideal for storing your tokens. You can always plug in the wallet and make the transactions you need, and the rest of the time your tokens will be safe.

I would recommend choosing between Ledger and Trezor.

Buy cold wallets only from official manufacturer sites. Marketplaces, online stores (even large ones), classifieds sites, and even more so used devices can pose a risk to your funds.

3️⃣ Exchanges
Let us mention that you should not keep large amounts of their funds in the centralized exchanges. At any time the exchange can be subject to hacking, or any failure, or the exchange can impose restrictions on your account, thereby blocking your funds.

Keep on exchanges only necessary minimum for trade/exchange, and use only trustworthy and large exchanges.

The major exchanges are Binance, Huobi, ByBit, Gate.

4️⃣ Stablecoins
We all use stabelcoins until we decide to invest somewhere else. Our main advice is don't keep all your money in one type of stabelcoin.

Split the amount among several stabbles, thus diversifying the risks (even though the risks are minimal, but we all remember the UST case.).

💭 In the first part of this post, we only covered the basics. I can prepare the second part, in which we will tell about spam from projects to personal messages and Email, fake sites of projects, deception on OTC-platforms and etc. Would you be interested in such content?

👍 - Yes
👎 - No

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