Lets dive right in 😎
➡️NFTs
The meaning of NFTs is (Non-fungible Token). These are unique kind of digital asset that serves as PROOF OF OWNERSHIP or AUTHENTICITY of a particular item or piece of content such as, art, video, music, or virtual property (i mean virtual real estate) etc..
📥The "Non-fungible' you see simply means that, NFTs are unique digital items that cannot be swapped for one another, unlike cryptocurrencies like Bitcoin, where each unit is the same as the next.
😐Do you understand? permit me to say you're an NFT, yes a living NFT, you cannot be swapped with another person and still be Mc Zeez, because you're unique & non-fungible.
💡More lights. Take for instance you borrowed me 1k naira note, and if i want to pay you back I'll have to give you 1k naira right? But i give you another 1k naira note different from the actual one you gave me Earlier and they won't be issues, or i can decide to give you two 500 Naira note to pay back and you have your 1k back right?
➡️NFTs
The meaning of NFTs is (Non-fungible Token). These are unique kind of digital asset that serves as PROOF OF OWNERSHIP or AUTHENTICITY of a particular item or piece of content such as, art, video, music, or virtual property (i mean virtual real estate) etc..
📥The "Non-fungible' you see simply means that, NFTs are unique digital items that cannot be swapped for one another, unlike cryptocurrencies like Bitcoin, where each unit is the same as the next.
😐Do you understand? permit me to say you're an NFT, yes a living NFT, you cannot be swapped with another person and still be Mc Zeez, because you're unique & non-fungible.
💡More lights. Take for instance you borrowed me 1k naira note, and if i want to pay you back I'll have to give you 1k naira right? But i give you another 1k naira note different from the actual one you gave me Earlier and they won't be issues, or i can decide to give you two 500 Naira note to pay back and you have your 1k back right?
Lets dive right in 😎
➡️NFTs
The meaning of NFTs is (Non-fungible Token). These are unique kind of digital asset that serves as PROOF OF OWNERSHIP or AUTHENTICITY of a particular item or piece of content such as, art, video, music, or virtual property (i mean virtual real estate) etc..
📥The "Non-fungible' you see simply means that, NFTs are unique digital items that cannot be swapped for one another, unlike cryptocurrencies like Bitcoin, where each unit is the same as the next.
😐Do you understand? permit me to say you're an NFT, yes a living NFT, you cannot be swapped with another person and still be Mc Zeez, because you're unique & non-fungible.
💡More lights. Take for instance you borrowed me 1k naira note, and if i want to pay you back I'll have to give you 1k naira right? But i give you another 1k naira note different from the actual one you gave me Earlier and they won't be issues, or i can decide to give you two 500 Naira note to pay back and you have your 1k back right?
But with NFTs you will have you to give me back that particular 1k i gave you which is almost impossible, now you see another reason why they're non-fungible ? & you see that the proof of ownership makes it a unique digital item that cannot be swapped?
✍️
In summary, take it that nfts is a unique digital item that cannot be exchanged. You might want to ask why then do more person have the same nft?🤔
If you look closely you will find something like this #3246 or #111233 or #72637 on same nfts, this codes are the uniqueness of the item & the proof of ownership that makes them non-fungible.
Are you following? ✍️
➡️NFTs
The meaning of NFTs is (Non-fungible Token). These are unique kind of digital asset that serves as PROOF OF OWNERSHIP or AUTHENTICITY of a particular item or piece of content such as, art, video, music, or virtual property (i mean virtual real estate) etc..
📥The "Non-fungible' you see simply means that, NFTs are unique digital items that cannot be swapped for one another, unlike cryptocurrencies like Bitcoin, where each unit is the same as the next.
😐Do you understand? permit me to say you're an NFT, yes a living NFT, you cannot be swapped with another person and still be Mc Zeez, because you're unique & non-fungible.
💡More lights. Take for instance you borrowed me 1k naira note, and if i want to pay you back I'll have to give you 1k naira right? But i give you another 1k naira note different from the actual one you gave me Earlier and they won't be issues, or i can decide to give you two 500 Naira note to pay back and you have your 1k back right?
But with NFTs you will have you to give me back that particular 1k i gave you which is almost impossible, now you see another reason why they're non-fungible ? & you see that the proof of ownership makes it a unique digital item that cannot be swapped?
✍️
In summary, take it that nfts is a unique digital item that cannot be exchanged. You might want to ask why then do more person have the same nft?🤔
If you look closely you will find something like this #3246 or #111233 or #72637 on same nfts, this codes are the uniqueness of the item & the proof of ownership that makes them non-fungible.
Are you following? ✍️
Alright the first thing you should go for is KNOWLEDGE. 📥
You'll have to understand what you're doing so you don't get lost.
➡️Secondly your MINDSET.
You should always remember that the space is wide enough for you to succeed and more opportunities will come. So don't have the mindset of quick gains or life changing money at first go for the knowledge, it could be on Airdrops like you mentioned, futures trading or even being a validator, or degen etc..
➡️ Set goals and archive them. You might say in the next six months you want to expand my knowledge about DEFI or about Airdrops and be better than my former self. Make sure you get that done.
➡️ Always learn from your mistakes and defeat greed.
➡️ Be security conscious because anything online can be hacked.
You'll have to understand what you're doing so you don't get lost.
➡️Secondly your MINDSET.
You should always remember that the space is wide enough for you to succeed and more opportunities will come. So don't have the mindset of quick gains or life changing money at first go for the knowledge, it could be on Airdrops like you mentioned, futures trading or even being a validator, or degen etc..
➡️ Set goals and archive them. You might say in the next six months you want to expand my knowledge about DEFI or about Airdrops and be better than my former self. Make sure you get that done.
➡️ Always learn from your mistakes and defeat greed.
➡️ Be security conscious because anything online can be hacked.
ABOUT NFT
📣🗣You don't sell NFTs like cryptocurrency.
Where you just buy and sell by pushing few buttons.
With NFTs you'll have to list your item for sale, not just anywhere but the marketplace where the NFTs are being traded.
😏Example your NFT can be listed on Opensea.io ,NFT show room, magic eden, Nifty gateway etc.. what you'll have to do is to know the marketplace where your NFT is being listed, then go there, connect the wallet you have that NFT, search for the NFT and list it for sale. you'll then make sales when you accept bids from biders. lets say you list your NFT for $100 someone might bid that NFT for $70, if you wish to accept the offer you've automatically sold of your NFT.
📣🗣You don't sell NFTs like cryptocurrency.
Where you just buy and sell by pushing few buttons.
With NFTs you'll have to list your item for sale, not just anywhere but the marketplace where the NFTs are being traded.
😏Example your NFT can be listed on Opensea.io ,NFT show room, magic eden, Nifty gateway etc.. what you'll have to do is to know the marketplace where your NFT is being listed, then go there, connect the wallet you have that NFT, search for the NFT and list it for sale. you'll then make sales when you accept bids from biders. lets say you list your NFT for $100 someone might bid that NFT for $70, if you wish to accept the offer you've automatically sold of your NFT.
MIDNIGHT WATER 💧
I believe youa might have seen people talk an L1 cryptos & still don't understand what it actually means right?
🎙Okay take it that L1 stands for Layer 1. It refers to the base blockchain network, like Bitcoin or Ethereum, which operates independently without relying on other blockchains. L1 handles all the core functions such as processing transactions and securing the network.
In simple terms, it's the main platform where everything happens, and other solutions or improvements can be built on top of it.
I hope you get this now ?
Stay tuned🟢
If you're up and grinding remember to rest too your body needs it.
You'll win just don't give up👌
I believe youa might have seen people talk an L1 cryptos & still don't understand what it actually means right?
🎙Okay take it that L1 stands for Layer 1. It refers to the base blockchain network, like Bitcoin or Ethereum, which operates independently without relying on other blockchains. L1 handles all the core functions such as processing transactions and securing the network.
In simple terms, it's the main platform where everything happens, and other solutions or improvements can be built on top of it.
I hope you get this now ?
Stay tuned🟢
If you're up and grinding remember to rest too your body needs it.
You'll win just don't give up👌
So we talked about layer 1 earlier now you also hear L2 right?
📥Now lets discuss L2 (Layer 2) in crypto refers to technologies built on top of Layer 1 (L1) blockchains like Bitcoin or Ethereum to improve performance. L2 solutions aim to make transactions faster and cheaper by taking some of the load off the main blockchain (L1).
For example, instead of processing every transaction directly on Ethereum, Layer 2 can process them off-chain and then settle the results back on the main Ethereum network. This helps reduce congestion and lowers fees, making the network more efficient, like without bugs.
🎙I hope you're learning?
See you're having a very rare opportunity use it now.
🎙Now you see you're grinding, farming airdrops & participating in testnet and at the same time you're learning. isn't that a blessing? ALL for FREE ($0).
STAY BLESSED 👌
📥Now lets discuss L2 (Layer 2) in crypto refers to technologies built on top of Layer 1 (L1) blockchains like Bitcoin or Ethereum to improve performance. L2 solutions aim to make transactions faster and cheaper by taking some of the load off the main blockchain (L1).
For example, instead of processing every transaction directly on Ethereum, Layer 2 can process them off-chain and then settle the results back on the main Ethereum network. This helps reduce congestion and lowers fees, making the network more efficient, like without bugs.
🎙I hope you're learning?
See you're having a very rare opportunity use it now.
🎙Now you see you're grinding, farming airdrops & participating in testnet and at the same time you're learning. isn't that a blessing? ALL for FREE ($0).
STAY BLESSED 👌
So we talked about layer 1 earlier now you also hear L2 right?
📥Now lets discuss L2 (Layer 2) in crypto refers to technologies built on top of Layer 1 (L1) blockchains like Bitcoin or Ethereum to improve performance. L2 solutions aim to make transactions faster and cheaper by taking some of the load off the main blockchain (L1).
For example, instead of processing every transaction directly on Ethereum, Layer 2 can process them off-chain and then settle the results back on the main Ethereum network. This helps reduce congestion and lowers fees, making the network more efficient, like without bugs.
🎙I hope you're learning?
See you're having a very rare opportunity use it now.
🎙Now you see you're grinding, farming airdrops & participating in testnet and at the same time you're learning. isn't that a blessing? ALL for FREE ($0).
STAY BLESSED 👌
📥Now lets discuss L2 (Layer 2) in crypto refers to technologies built on top of Layer 1 (L1) blockchains like Bitcoin or Ethereum to improve performance. L2 solutions aim to make transactions faster and cheaper by taking some of the load off the main blockchain (L1).
For example, instead of processing every transaction directly on Ethereum, Layer 2 can process them off-chain and then settle the results back on the main Ethereum network. This helps reduce congestion and lowers fees, making the network more efficient, like without bugs.
🎙I hope you're learning?
See you're having a very rare opportunity use it now.
🎙Now you see you're grinding, farming airdrops & participating in testnet and at the same time you're learning. isn't that a blessing? ALL for FREE ($0).
STAY BLESSED 👌
LET'S DISCUSS LIQUIDITY POOL 🌊.
I hope you've taken note of the word "POOL" not pull. So like swimming pool you gerrit right ? If you don't get forger about rit😂, don't mind me was only kidding now look closely at the photo in this message you will find Bitcoin at the front of the pool right?
🎙Now Imagine you're at a local farmers' market where people trade fruits and vegetables. Let's say you're selling apples, and your friend is selling oranges. Both of you want to make it easy for others to buy your produce.
🎙To do this, you create a (liquidity pool) by placing some of your apples in a basket and your friend does the same with their oranges. Now, anyone who wants to buy either fruit can just go to the basket and trade money for apples or oranges.
🎙The key is that you're both putting a bit of your product (in this case, apples and oranges) into the pool so buyers can easily make a trade. You and your friend get a small fee whenever someone buys your fruit from the pool, based on how much of each fruit is in the basket.
✍️So in summary a liquidity pool works similarly. People add their cryptocurrency (like Ethereum or USDT) to a shared pool. Others can then trade between these assets easily, and those who contributed to the pool earn a fee for providing the liquidity. The more liquidity (assets) there is in the pool, the easier and smoother the trading experience is for everyone.
Are you following?
I hope you've taken note of the word "POOL" not pull. So like swimming pool you gerrit right ? If you don't get forger about rit😂, don't mind me was only kidding now look closely at the photo in this message you will find Bitcoin at the front of the pool right?
🎙Now Imagine you're at a local farmers' market where people trade fruits and vegetables. Let's say you're selling apples, and your friend is selling oranges. Both of you want to make it easy for others to buy your produce.
🎙To do this, you create a (liquidity pool) by placing some of your apples in a basket and your friend does the same with their oranges. Now, anyone who wants to buy either fruit can just go to the basket and trade money for apples or oranges.
🎙The key is that you're both putting a bit of your product (in this case, apples and oranges) into the pool so buyers can easily make a trade. You and your friend get a small fee whenever someone buys your fruit from the pool, based on how much of each fruit is in the basket.
✍️So in summary a liquidity pool works similarly. People add their cryptocurrency (like Ethereum or USDT) to a shared pool. Others can then trade between these assets easily, and those who contributed to the pool earn a fee for providing the liquidity. The more liquidity (assets) there is in the pool, the easier and smoother the trading experience is for everyone.
Are you following?
WHAT IS PRE MARKET ?
Imagine you're at a busy market. The market officially opens at 10 AM, but some vendors let you come in early, let’s say at 8 AM to see their goods and even buy some items before the big crowd arrives. This is like the "pre-market" in crypto.
Oya what is now pre-market in crypto?
Pre-market refers to the time before the official trading session begins. This period lets investors make trades or buy/sell crypto before the market officially opens to the general public. It’s like a special early access window where some people can act first based on information or predictions, just like early shoppers at the farmers' market.
Just like how not everyone gets the same chance to buy early at the market, in crypto, not all exchanges allow pre-market trading, and the price can be different because fewer people are trading. But once the official market opens, the prices are more stable, and everyone can buy and sell freely ( PUBLIC).
Imagine you're at a busy market. The market officially opens at 10 AM, but some vendors let you come in early, let’s say at 8 AM to see their goods and even buy some items before the big crowd arrives. This is like the "pre-market" in crypto.
Oya what is now pre-market in crypto?
Pre-market refers to the time before the official trading session begins. This period lets investors make trades or buy/sell crypto before the market officially opens to the general public. It’s like a special early access window where some people can act first based on information or predictions, just like early shoppers at the farmers' market.
Just like how not everyone gets the same chance to buy early at the market, in crypto, not all exchanges allow pre-market trading, and the price can be different because fewer people are trading. But once the official market opens, the prices are more stable, and everyone can buy and sell freely ( PUBLIC).
WHAT IS PRE MARKET ?
Imagine you're at a busy market. The market officially opens at 10 AM, but some vendors let you come in early, let’s say at 8 AM to see their goods and even buy some items before the big crowd arrives. This is like the "pre-market" in crypto.
Oya what is now pre-market in crypto?
Pre-market refers to the time before the official trading session begins. This period lets investors make trades or buy/sell crypto before the market officially opens to the general public. It’s like a special early access window where some people can act first based on information or predictions, just like early shoppers at the farmers' market.
Just like how not everyone gets the same chance to buy early at the market, in crypto, not all exchanges allow pre-market trading, and the price can be different because fewer people are trading. But once the official market opens, the prices are more stable, and everyone can buy and sell freely ( PUBLIC).
Okay, Imagine a concert that starts at 8 PM , but they let a few people in at 7:30 PM to get a sneak peek and grab good seats. In crypto, the pre-market is like that early entry time. It's when some people can start buying or selling crypto before the market officially opens to everyone, usually at a different price because fewer people are trading.
Stay glued
Imagine you're at a busy market. The market officially opens at 10 AM, but some vendors let you come in early, let’s say at 8 AM to see their goods and even buy some items before the big crowd arrives. This is like the "pre-market" in crypto.
Oya what is now pre-market in crypto?
Pre-market refers to the time before the official trading session begins. This period lets investors make trades or buy/sell crypto before the market officially opens to the general public. It’s like a special early access window where some people can act first based on information or predictions, just like early shoppers at the farmers' market.
Just like how not everyone gets the same chance to buy early at the market, in crypto, not all exchanges allow pre-market trading, and the price can be different because fewer people are trading. But once the official market opens, the prices are more stable, and everyone can buy and sell freely ( PUBLIC).
Okay, Imagine a concert that starts at 8 PM , but they let a few people in at 7:30 PM to get a sneak peek and grab good seats. In crypto, the pre-market is like that early entry time. It's when some people can start buying or selling crypto before the market officially opens to everyone, usually at a different price because fewer people are trading.
Stay glued