Learning the friendly way

Cryptocurrency whitepapers are detailed documents that outline the project's intentions, products, and infrastructure. While there isn't a rule on what needs to be included, most projects aim to share as much information about how the project aims to succeed in the hopes of building investors' trust, and interest.

Some of the topics typically covered include a summary of the project's team, goals, products, features, and tokenomics. When researching a blockchain or cryptocurrency project, whitepapers are a very good place to start.

What is a whitepaper?

A typical cryptocurrency whitepaper is usually a report or guide that teaches its readers about a certain topic or problem. As an example, developers might make a whitepaper covering their software to inform users about what they are constructing and why.

In the crypto space, a whitepaper is released by a project and assists in outlining the technical guidelines and core features of the project. While many whitepapers focus on specific coins or tokens, they can also be concentrated around various types of projects, like decentralized finance (DeFi) platforms, for example.

Cryptocurrency whitepapers will typically consist of statistics and diagrams outlining the project's core date, as well as the governing structure of the project, the team involved in creating and leading it, and their roadmap (current and future development plans).

What value do crypto project whitepapers serve?

Despite not being worth a monetary value, whitepapers play an important role in the crypto space. While there are no official criteria for creating them, whitepapers are integral to investors, researchers, developers, and industry insiders.

A great place to start for anyone interested in a project is to read through the whitepaper. If you're considering investing, it's best to meticulously read through it again. Whitepapers often provide insights into the project's potential red flags and a means to monitor whether they are sticking to their forecasted timeline.

A number of blockchain projects that have crashed displayed subtle warning signs in their whitepaper, like promising a deliverable without providing any evidence on how it will be executed.

How does one make a cryptocurrency whitepaper?

There are no official rules or outlines that projects need to follow when creating a crypto whitepaper, each blockchain project may determine what is best for that individual situation. As mentioned earlier, these are often the first official documents outlining the project to potential investors, so thorough and informative content depicting the project's structure, goals, and roadmap is best included.

Whitepapers should always be neutral, and avoid persuasive language or making too many promises. This is essentially a "business plan" in the crypto sense released to investors or the public prior to launching.

What info is included whitepaper?

Objectives

Whitepapers are created by founders to provide a comprehensive overview of both the project and the goal. For instance, Bitcoin's whitepaper describes the project's core objective as "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."

While Ethereum's whitepaper describes its intention as "The intent of Ethereum is to create an alternative protocol for building decentralized applications."

In a good cryptocurrency whitepaper, the project will outline what specific problem it aims to solve, and how it will improve various aspects of people's lives. Be cautious of projects that promise the world but have little in the way of evidence to back these claims. In the ICO boom of 2017, thousands of projects overpromised and underdelivered (if they delivered at all).

Blockchain specifications

Whitepapers will typically include how the cryptocurrency will work and function in the greater crypto ecosystem. This might outline technical aspects like the consensus mechanism the blockchain will utilize and how the decentralized aspect of the network will function.

Tokenomics

Another core piece of information that should be included in a project's whitepaper is the tokenomics. This will include information on the token, how it will be allocated, whether will it participate in token burns, or any incentive mechanisms.

Roadmaps

Roadmaps (a project timeline)are not just useful to see how a project aims to deliver on its objectives, but also provide insights into whether the project can keep up with its promises. While missing a deadline isn't a deal breaker in the crypto space, being open and communicating why is important.

Readability

A well-articulated whitepaper will typically be written in a manner that anyone can understand them. However, its important for the new blockchain project to also include certain technical specifications to provide evidence of the project's competence. Anyone can write a whitepaper, it takes technical know-how to create a blockchain platform.

Tips for reading a cryptocurrency whitepaper

• first and foremost, ALWAYS read a project's whitepaper before investing
• read whitepapers with a pinch of salt, they must be neutral and not over-promise
• Look into the team members and their experience in the crypto and blockchain realm
• a great idea doesn't necessarily mean it will be used or adopted
• look for technical explanations that showcase the project's understanding

Examples of crypto projects’ whitepapers

The Bitcoin whitepaper (2008)

The instigator of the entire cryptocurrency industry, Satoshi Nakamoto, an anonymous individual or group, published the Bitcoin whitepaper in 2008. The paper is called "Bitcoin: A Peer-to-Peer Electronic Cash System."

The whitepaper explains how Bitcoin can be used as a more efficient and decentralized form of money, outside the traditional banking model. It gives technical explanations of how the peer-to-peer Bitcoin network allows users to send digital currency without intermediaries. The whitepaper also outlines how the Bitcoin network is resistant to censorship and double-spending attacks.

The project launched two months later in January 2009.

The Ethereum whitepaper (2014)

While Bitcoin launched the crypto industry, Ethereum played a pivotal role in the development of the blockchain space. The Ethereum whitepaper was published in 2014 by a young developer named Vitalik Buterin and titled "Ethereum whitepaper: A Next Generation Smart Contract & Decentralized Application Platform."

In the Ethereum whitepaper, Vitalik outlines how the platform's intentions differ from Bitcoin's. The whitepaper outlined how the platform would allow developers to create and launch decentralized applications (now commonly known as dapps) and included technological solutions that backed these goals, such as the Ethereum Virtual Machine and smart contracts.

In conclusion

Crypto whitepapers are not legally regulated, meaning that anyone can write one. Although a cryptocurrency whitepaper should provide readers with an understanding of what the project plans to do and how, it's crucial, if you're interested in a particular project, to consider red flags and risks when reading through the document.

Rug pull crypto : de quoi parle-t-on ?

Vous avez peut-être déjà vu passer le terme rug pull dans l’univers des cryptomonnaies. Mais qu’est-ce que ça veut dire exactement ? Contrairement aux schémas de type pump and dump, un rug pull est une technique frauduleuse particulièrement répandue dans les coins et tokens peu connus.

Définition d’un rug pull

Un rug pull est une escroquerie dans laquelle des développeurs créent un projet crypto puis disparaissent avec les fonds des investisseurs.

Cela se produit souvent dans le monde de la finance décentralisée (DeFi), notamment sur les échanges décentralisés (DEX). Voici comment cela fonctionne :

1. Des développeurs créent un nouveau token et le listent sur un DEX.
2. Ils le lient à une cryptomonnaie populaire comme l’Ethereum.
3. Pour attirer les investisseurs, ils injectent temporairement beaucoup de liquidités dans le pool et lancent une campagne marketing sur les réseaux sociaux (Twitter, Telegram, etc.).
4. Une fois qu’un grand nombre d’utilisateurs échangent leurs ETH contre ce nouveau token, les développeurs retirent toutes les liquidités, faisant chuter la valeur à zéro et empochant les fonds.

Ce type d’arnaque touche principalement les projets très récents, jamais des projets établis comme Bitcoin ou Ethereum.

Pourquoi les DEX sont vulnérables ?

Les rug pulls sont particulièrement fréquents sur les DEX car ils ne nécessitent aucun audit préalable pour lister un token. Et comme créer un jeton ERC-20 sur Ethereum est simple et peu coûteux, cela facilite les choses pour les arnaqueurs.

Quels signaux doivent alerter ?

Même si les rug pulls sont plus rares que d’autres types de fraudes, certains signes avant-coureurs doivent vous mettre la puce à l’oreille :

• Liquidité suspecte : Assurez-vous que le projet a une liquidité verrouillée pour une durée donnée. Les projets sérieux verrouillent généralement leur pool.
• Hausse fulgurante : Un token qui prend x50 en 24h, c’est suspect. Ce type de hausse provoque un effet FOMO destiné à piéger de nouveaux investisseurs.
• Répartition des tokens : Un projet est souvent considéré comme "unruggable" si l’équipe de développement ne détient pas une majorité des tokens. En d'autres termes, pas de grande quantité entre les mains des créateurs = moins de risque de fuite.

Est-ce illégal ?

En théorie, oui. En pratique, le droit peine à suivre l’évolution rapide de la crypto. Le manque de réglementation précise rend l’identification et la poursuite des responsables difficile. Résultat : beaucoup de rug pulls restent impunis.

Exemple : le rug pull du Squid Game

L’un des rug pulls les plus médiatisés reste celui du Squid Game Token, en 2021.

Le token, inspiré de la célèbre série Netflix, a vu sa valeur grimper jusqu’à 2 861 $ par coin. Sauf qu’au sommet du buzz, le site officiel a été supprimé, les créateurs introuvables, et la liquidité a disparu. En quelques instants, le token est passé de l’euphorie à une valeur quasi nulle, tandis que les créateurs repartaient avec plus de 3,3 millions de dollars.

La manipulation allait encore plus loin : les développeurs avaient intégré un mécanisme anti-vente, empêchant les détenteurs de revendre leurs tokens. Un plan orchestré dès le départ.

En résumé

Les rug pulls ne sont pas les arnaques les plus fréquentes, mais elles existent et peuvent coûter cher. Le mieux est de rester vigilant face aux nouveaux projets qui font beaucoup de bruit en peu de temps. Privilégiez toujours les projets établis et prenez le temps d’analyser la solidité d’un token avant d’investir.

Dans l’univers crypto, mieux vaut prévenir que guérir.

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Tap est une plateforme fintech qui fusionne la finance traditionnelle avec la cryptomonnaie. Lancée en 2019, elle offre une large gamme d'outils et de fonctionnalités financières. Le tokenXTP débloque des services premium et des récompenses, améliorant davantage l'expérience Tap.

Tap (XTP) est une plateforme de technologie financière pionnière établie en 2019, révolutionnant la finance en fusionnant la banque traditionnelle avec la gestion des cryptomonnaies. Elle facilite les transferts d'argent instantanés et gratuits au sein de son réseau, incitant sa communauté et simplifiant le partage des factures et des dépenses. Tap vise à démocratiser la finance et à donner aux individus les moyens d'utiliser des outils financiers complets, offrant des interfaces intuitives, des fonctionnalités puissantes et des mesures de sécurité robustes.

Qu'est-ce que Tap (XTP) ?

Gérer de l'argent sur différentes plateformes et devises peut être une tâche intimidante dans le monde numérique d'aujourd'hui. Tap (XTP) émerge comme une solution fintech révolutionnaire, comblant le fossé entre la finance traditionnelle et les cryptomonnaies. Établie en 2019, cette application innovante s'est donné pour mission de démocratiser la finance et de donner aux utilisateurs les moyens d'utiliser des outils financiers complets.

Ce qui distingue Tap, c'est sa capacité à fournir un écosystème tout-en-un où vous pouvez envoyer et recevoir de l'argent ou des cryptomonnaies instantanément et sans frais au sein de son réseau Tap2Tap, payer des factures et investir dans une gamme de cryptomonnaies. Tap offre également une rampe d'accès facile pour convertir la monnaie fiduciaire en actifs numériques et des services de sortie pour encaisser à faibles frais. Plus besoin de jongler avec plusieurs applications ou de s'inquiéter des frais internationaux lors de voyages à l'étranger.

Le token XTP, la cryptomonnaie native ERC-20 de Tap, est la clé qui débloque tout le potentiel de cette plateforme. Utilisez XTP pour accéder à des fonctionnalités premium comme jusqu'à 8% de cashback sur les dépenses, gagner des récompenses et obtenir l'accès à des services exclusifs au sein de l'écosystème Tap. Avec sa Mastercard intégrée, vous pouvez dépenser sans effort vos fonds et gagner du Cashback chez des millions de commerçants dans le monde.

Propulsé par des mesures de sécurité robustes, la conformité réglementaire et une interface conviviale, Tap offre un parcours financier sûr et transparent, adapté au consommateur moderne.

Présentation de la fonctionnalité de Tap

Tap est une plateforme financière complète qui combine harmonieusement les comptes monétaires traditionnels et la gestion des cryptomonnaies, offrant aux utilisateurs une plateforme centralisée pour toutes leurs transactions monétaires. Son cœur est une application mobile qui sert d'interface principale pour accéder aux services de Tap.

Avant d'y accéder, les utilisateurs doivent passer par un processus de vérification qui implique de fournir des informations personnelles pour se conformer aux réglementations Know Your Customer (KYC) et Anti-Money Laundering (AML). Une fois vérifiée, l'application conviviale leur permet d'acheter, de vendre et de stocker en toute sécurité une gamme diversifiée de cryptomonnaies - actuellement près de 50 options différentes.

L'application simplifie le processus d'acquisition de cryptomonnaies en acceptant diverses méthodes de paiement, y compris les cartes de débit et les virements bancaires. Les utilisateurs peuvent également transférer des cryptomonnaies de leurs portefeuilles externes vers leur compte Tap ou vendre leurs avoirs et transférer de la monnaie fiduciaire directement sur leurs comptes bancaires. Alternativement, les utilisateurs peuvent aussi envoyer des cryptomonnaies vers d'autres portefeuilles ou échanges. Le système de portefeuille de Tap est conçu avec des mesures de sécurité robustes et des capacités de chiffrement, assurant la sauvegarde des actifs des utilisateurs.

Pour dépenser facilement les cryptomonnaies, les utilisateurs peuvent commander une Mastercard Tap - disponible sous forme physique et virtuelle - directement via l'application. Pour utiliser la carte pour des achats, ils peuvent la précharger directement depuis leur portefeuille Tap. La carte permet également des retraits d'espèces aux distributeurs automatiques dans le monde entier et offre un généreux Cashback allant jusqu'à 8%, selon le niveau de l'utilisateur. De plus, la carte offre d'excellents taux de conversion FX, permettant à ses utilisateurs de dépenser a l'international sans souci.

Qu'est-ce qui rend Tap unique ?

Oubliez la jonglerie entre plusieurs applications et comptes. Tap fusionne harmonieusement les comptes monétaires traditionnels avec les cryptomonnaies de pointe, le tout sur une plateforme intuitive. Convertissez instantanément vos actifs numériques en espèces pour une utilisation quotidienne ou développez votre portefeuille avec une large gamme de cryptomonnaies prises en charge. C'est le meilleur des deux mondes.

Ce qui distingue vraiment Tap, c'est sa capacité à convertir instantanément les cryptomonnaies en monnaie fiduciaire grâce à sa fonction de rampe d'accès et de sortie. Plus besoin d'attendre ou de gérer des processus compliqués. Cette fonctionnalité est pratique pour les utilisateurs souhaitant intégrer les cryptomonnaies dans leurs transactions quotidiennes, car elle élimine le délai habituel associé aux conversions crypto-fiat.

Le large éventail de cryptomonnaies prises en charge par Tap offre aux utilisateurs la flexibilité de stocker, gérer et échanger un portefeuille diversifié, le tout à partir d'une seule plateforme. Ce large support en fait une application incontournable pour les passionnés de cryptomonnaies.

Qu'est-ce que l'écosystème Tap ?

L'écosystème Tap incarne une suite complète de services financiers et de fonctionnalités visant à offrir une interface fluide pour la gestion des avoirs en monnaie fiduciaire et en cryptomonnaies.

Voici une liste des différentes fonctionnalités qu'il offre :‍

Portefeuille multi-devises :‍

Tap propose un portefeuille numérique sécurisé et crypté qui prend en charge plus de 50 cryptomonnaies différentes. Ce portefeuille permet aux utilisateurs de stocker, gérer et basculer facilement entre diverses crypto et monnaies fiduciaires, répondant à la fois aux besoins d'investissement et de transactions quotidiennes.

Échange de cryptomonnaies :‍

Les utilisateurs peuvent échanger une large et diverse gamme de cryptomonnaies. Contrairement à d'autres plateformes avec des paires limitées, Tap permet aux utilisateurs d'échanger n'importe quel actif contre un autre sans contraintes. Ce processus sans tracas garantit flexibilité et facilité d'utilisation. De plus, la plateforme de trading privilégie la rapidité et l'efficacité, offrant une expérience fiable et conviviale à tous les utilisateurs.

La carte Tap :‍

Un composant essentiel de l'écosystème Tap est sa Mastercard prépayée, permettant aux utilisateurs de dépenser et retirer de l'argent dans le monde entier.

Le Cashback :

Une caractéristique marquante des offres de Tap est son programme de Cashback, offrant des récompenses à tous les utilisateurs qui utilisent leur carte. En effectuant une mise à niveau, les utilisateurs peuvent débloquer encore plus d'avantages, gagnant jusqu'à 8% de Cashback sur leurs achats avec la carte Tap.

Transferts d'argent instantanés :

Tap permet des transferts d'argent rapides et gratuits dans le monde entier via son réseau Tap2Tap, permettant aux utilisateurs d'envoyer des cryptos à d'autres utilisateurs Tap au sein de l'application sans frais supplémentaires.

Support de monnaie fiduciaire :

En plus de ses services crypto, Tap prend également en charge diverses monnaies fiduciaires, permettant aux utilisateurs de gérer la monnaie traditionnelle aux côtés de leurs actifs numériques.

Outils d'investissement et de trading :

Tap fournit aux utilisateurs une gamme d'outils et de fonctionnalités, y compris un routeur de trading intelligent, une newsletter de marché et un suivi des prix en temps réel.

Routeur de trading intelligent :

Le routeur intelligent de pointe localise le meilleur lieu d'exécution en scannant plusieurs bourses et fournisseurs de liquidité en temps réel, pour trouver le meilleur prix disponible qu'il peut localiser pour leurs achats.

Qu'est-ce que le token XTP ?

Le token XTP sert plusieurs objectifs au sein de la plateforme Tap. Principalement, il facilite le trading en réduisant les frais de transaction et en permettant aux utilisateurs d'accéder à divers plans premium, chacun offrant une large gamme d'avantages. Les utilisateurs peuvent également échanger XTP contre de nombreuses cryptomonnaies répertoriées sur la plateforme, grâce à la disponibilité de multiples paires de trading XTP. Cette flexibilité permet aux utilisateurs de diversifier facilement leurs portefeuilles d'actifs numériques.

En utilisant le token XTP, les utilisateurs peuvent passer à des plans premium qui offrent des avantages tels que jusqu'à 8% de Cashback, des frais de trading réduits, des frais FX diminués, des limites de dépenses de carte plus élevées, des newsletters de marché exclusives et un support premium au sein de l'application. De plus, Tap facilite les transferts rapides et gratuits de token XTP entre les comptes Tap, offrant une solution fluide pour les transferts d'actifs mondiaux. Cette fonctionnalité est particulièrement précieuse pour les personnes recherchant des méthodes efficaces et rentables pour transférer des fonds à travers les frontières.

L'application bien réglementée et sécurisée de Tap assure une expérience de trading fluide, répondant aux besoins uniques de chaque utilisateur. De plus, la plateforme fournit un portefeuille sécurisé pour le stockage sûr des token XTP, offrant tranquillité d'esprit et gestion rationalisée des actifs pour les utilisateurs.

Sitting among the 30 biggest cryptocurrencies by market cap, Stellar is focused on bridging the gap between the business of blockchain and the traditional financial institutions. The platform provides a means for users to send assets and money through the blockchain, utilising a decentralised network of authenticators.

Redefining the financial landscape, Steller presents a digital transformation on the traditional services users have become accustomed to. Merging innovation with a practical application, the network is able to help users around the world, as well as financial industries, achieve a more streamlined service. Let's explore what Stellar is.

What is Stellar (XLM)?

Before we dive into the "what", let's first stipulate that one stellar is known as a lumen and uses the ticker XLM. Stellar launched in July 2014 and soon afterwards changed its strategy to be more focused on integrating blockchain technology into financial institutions. 

The concept behind Stellar is to provide a space in which users can transfer everything from traditional crypto and fiat currencies to tokens representing new and existing assets, increasing their transaction performance by using lumens.

Similar to the Ripple XRP network, Stellar is designed to cater to both payment providers and financial institutions, building a bridge between the blockchain and traditional financial sector. Developing on the Ripple concept, Stellar has also positioned itself as an exchange as its ledger has an inbuilt order book that keeps track of all the assets on the network. 

Who Created Stellar?

The founders of Stellar are Jed McCaleb and Joyce Kim, both previously employees at Ripple. McCaleb, who founded and was acting CTO of Ripple, and lawyer Joyce Kim, decided to create Stellar after they left the Ripple team in 2013 following a disagreement on the direction that Ripple was taking. McCaleb is also credited with creating the first successful Bitcoin exchange, Mt Gox. 

McCaleb described Stellar's aim as giving people a means of moving their fiat into crypto and more seamlessly conducting international payments. The network provides cross border transactions with low transaction fees and fast executions. With leading technology and innovative problem solving, the network has made a healthy impression on both institutions and investors alike.

How Does Stellar Work?

Stellar is a hard fork off of the Ripple network with several similarities in design and functionality, however, the platform set itself apart by building in several key features. The platform is secured through the Stellar Consensus Protocol which revolves around these core business concepts: decentralised control, flexible trust, low latency, and asymptotic security.

The biggest upgrade launch came in 2015 when the platform replaced its consensus mechanism with a concept called federated Byzantine agreement. This required nodes to vote on transactions until quorums are reached. Anyone is able to join the consensus, and there are measures in place to inhibit bad actors operating with ill intent on the network.

The software behind the platform is called Stellar Core and can be altered to adhere to the needs of the operation using it. The nodes making up the network can be created to function as either Watchers, Archivers, Basic Validators or Full Validators. For example, watchers can only submit transactions while Full Validators can vote on which transactions are valid and maintain a ledger of all node activity.

Another element to the network is the Stellar Anchors. These gateways are responsible for accepting deposits of currencies and assets and issuing depictions of these on Stellar.

What Is XLM?

Known as lumens, XLM is the native cryptocurrency to the Stellar platform. XLM acts as an intermediary currency for transactions taking place on the network. With cost-effective experience priorities, every transaction on the Stellar network costs 0.00001 XLM, a fraction of a dollar (at the time of writing). 

When the platform launched in 2014, 100 billion lumens were minted, programmed to increase by 1% annually until the total supply reached 105 billion. Five years later the Stellar uses voted to end this process. 

That same year, in 2019, the Stellar Development Foundation (a non-profit organisation) reduced its share of XLM in order to regulate the Stellar economy. This brought the total supply down to 50 billion. At the time of writing, roughly 49% of this total supply is in circulation. 

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When it comes to navigating the cryptocurrency markets, staying informed and staying away from FUD can oftentimes be more complicated than one might imagine. In this article, we're going to guide you through how to recognize FUD in the blockchain space and how to avoid it. 

Since Bitcoin entered the scene in 2009, the crypto markets have seen their fair share of ups and downs. Although it's true that each market downturn has been followed by a recovery and considerable development, experienced and novice traders alike may find that times of decline are difficult to navigate. Particularly with the rise in FUD.

Before we cover the tools of the trade to recognize and avoid FUD, let's first cover what FUD is exactly.

What is FUD?

FUD in the cryptocurrency realm stands for Fear, Uncertainty and Doubt. This term is used to refer to inaccurate information released by people who wish to manipulate the markets. Releasing FUD content is intended to influence a trader to make decisions that might affect the cryptocurrency's price or their holdings in some way (usually encouraging them to sell).

While commonly used against Bitcoin, Ethereum and other cryptocurrencies are also targeted. FUD typically leads to investors selling off their coins, leading to a panic sell which snowballs and results in a significant loss in value for the coin. 

Often mentioned alongside FUD is the term FOMO, Fear Of Missing Out. FOMO is centered around the fear of people missing out on profits, leading them to make quick decisions that aren't necessarily the best ones. While FUD tends to instigate selling an asset, FOMO tends to drive traders to buy an asset. Essentially, these two terms are designed to tap into human emotions that lead to quick decisions. 

FUD is typically released through a rumor published on a well-respected website, a negative news item, or a well-known figure expressing concerns about a certain asset (commonly done over Twitter ). Content surrounding FUD and FOMO tend to be from organizations or individuals that have something to gain from the intended action. The content is designed to strongly influence the reader. 

FUD and FOMO aren't strictly related to the crypto market, such tactics have also been witnessed in the stock market and other commodity trading spaces. The jargon has become synonymous with trading. 

How to recognise FUD

The crypto community might seem tight-knit but there are often ill-actors that gain access to the trusted space and infiltrate it with bad news. This is often seen when people use a commonly discussed topic, such as regulation, to build a narrative that isn't necessarily true to influence traders. 
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Here are several tips to ensure that you don’t fall victim to FUD:

Establish a trading goal 

Before you enter the crypto market ensure that you have definitive goals, with accompanying timelines. When faced with FUD or FOMO information, consider if the resulting actions of this news will move you closer to your goal or further away. If you stay focused on your goal you are less likely to be swayed by market sentiment. 

Build a trading strategy before entering a trade

A trading strategy generally involves determining a stop loss, entry point, target sell point, and amount of capital. By establishing this before entering the trade, you will have clear objectives to follow and be less likely to fall victim to FUD-centered misinformation. 

Stay informed, but verify sources

Keeping an eye on the crypto markets and staying informed is imperative for any trader, especially day traders. Ensure that the places that you acquire your information from are reputable and legitimate, and if something sounds suspicious, verify it through a number of other sources. 

Be patient and consistent

Engaging in crypto trading involves making well-informed decisions based on market trends and supporting technology. Rather than seeking rapid financial gains, it's important to maintain patience and consistency in working toward your goals, while staying focused on your intended path.

Navigating FUD

Despite this sounding difficult, FUD is easily avoidable if you stick to these tips above and only seek information from reliable news sources. While Twitter may have quick tips, it's also hard to determine what the author's intentions are.

Consider whether something sounds accurate or not, and always conduct your own research when considering involvement in a new project. From a financial standpoint, participating in digital currency can be a profitable endeavor, so be sure to act responsibly and observe market trends with a critical perspective.

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Playing an important role in the adoption of Web3, Enjin provides a platform of software products designed to allow anyone to harness the power of NFTs (non-fungible tokens) through the development, trade, monetization, and marketing of blockchain assets. 

What is the Enjin platform?

The Enjin platform is an ecosystem of interconnected, blockchain-based gaming products designed for individuals, game developers and businesses to create, manage and trade virtual goods such as digital art, games, or virtual marketplaces using the Ethereum blockchain. Enjin aims to provide users with the tools to implement smart digital solutions for blockchain games within the gaming environment.

Through the platform's software development kits (SDKs) and APIs, users can build digital assets as well as seamlessly integrate them into their games and applications. 

Under the Enjin umbrella is the Enjin Network, a community gaming platform that allows users to create websites, chat, and host virtual stores. Over the course of a decade, the Enjin platform has accumulated over 20 million users.

Powering the ecosystem is the Enjin Coin (ENJ), a token used to back the value of NFTs and other assets minted on the platform. When an asset is minted it locks ENJ tokens into a smart contract and effectively removes the tokens from circulation.

It’s also worth noting that Witek Radomski, Enjin's co-founder and the brainchild behind the ERC-1155 Ethereum token standard, wrote the code for the first non-fungible token (NFT). By utilizing its cutting-edge technology, Enjin is revolutionizing the future of gaming and digital assets.

Who created Enjin?

Enjin was originally founded in 2009 as a gaming community platform by Maxim Blagov and Witek Radomski. Blagov took on the responsibility of being CEO and in charge of the platform's creative direction while Radomski took on the role of CTO, leading the technical development of the platform's products.

Following Radomski's interest in Bitcoin in 2012, the platform explored incorporating blockchain technology into its business model and embraced the world of tokenized digital assets.

Radomski went on to write the ERC-1155 token standard in June 2018, a token standard used for minting both fungible, semi-fungible and non-fungible tokens using the Ethereum network. This token standard is a critical building block in the platform’s design.

In 2017, the Enjin platform launched an initial coin offering (ICO), raising $18.9 million through ENJ token sales. A year later the project went live and in September 2019, the Enjin Marketplace was launched.

How does Enjin work?

The primary goal of the Enjin network is to facilitate the management and storage of virtual goods for games, anything from in-game currencies to unique in-game items. So, how does Enjin work? The process of creating and destroying these tokens involves five steps, as outlined below. 

• Purchase
  Developers purchase Enjin Coin. 
• Minting
  In-game items are designed and effectively minted with the appropriate amount of ENJ locked into a smart contract.
• Utilization
  Players use these tokens within the game.
• Trading
  Players trade the tokens between fellow players or on the internal or external marketplace.
• Melting
  Players sell the tokens for Enjin Coin, referred to as melting. The token is destroyed and Enjin Coin is released from the smart contract.

SDKs (software development kits) come into play here, with kits designed to fulfill certain functions, such as facilitating a payment platform or being wallet-focused. These kits are designed to minimize costs and simplify the process of creating these virtual goods. APIs (application programming interfaces) work alongside the SDKs to integrate these virtual goods (digital assets) into the game.

The Enjin platform utilizes JumpNet which is integrated with other products in the ecosystem, such as the Marketplace, Enjin Beam, and the Enjin Wallet to allow for gas-free transactions for ENJ and NFTs.

The Enjin ecosystem encompasses the Enjin smart wallet that allows players to store and trade their in-game items with ease. The Enjin wallet is designed to connect all the features, from managing inventory to conducting transactions and selling these tokenized digital assets for ENJ. 

What is the Enjin Coin (ENJ)?

Enjin Coin (ENJ) is the native token of the Enjin ecosystem. Built on the Ethereum blockchain and compatible with multiple gaming platforms, the Enjin Coin is an ERC-20 token that allows the in-game items created on the platform to be traded with real-world value. The ENJ token has a maximum supply of 1 billion coins.

The token also allows developers to mint these digital goods. The process requires the users to lock Enjin Coin (ENJ) into a smart contract that automatically assigns value to the in-game item. Players that later use these items can use them in the game, trade them or sell them for ENJ, equivalent to the original minting cost. Once sold, the item is destroyed (known as melting) and the ENJ that was locked in the smart contract is released to the seller.

How can I buy Enjin Coin?

Anyone can tap into the Enjin ecosystem by acquiring ENJ tokens through the Tap mobile app. Simply create an account and complete the verification process in order to gain access to your unique Enjin wallet, from where you can buy, trade and sell Enjin Coin. 

Fully licensed and regulated, Tap provides a secure and convenient means of managing your funds, allowing users to manage and store both crypto and fiat currencies in one location. With a wide range of supported currencies and services, Tap is revolutionizing the financial space.

Take advantage of the power of Enjin Coin on the Tap app - the ultimate platform to buy, sell or hold ENJ. With seamless integration and an intuitive interface, trading Enjin tokens has never been easier. Stay up-to-date with the latest market trends and keep your portfolio on track by monitoring the Enjin Coin price in real-time.