Learning the friendly way

This leading top 5 cryptocurrency has made waves throughout the crypto industry and remains the top favorite stablecoin on the market. With often times the biggest trading volume in a day, Tether has established itself as an integral part of the crypto industry. Let's unpack more about the digital currency, Tether.  

Since the advent of digital internet money, there has been a wide growth in usage as well as outcry over the dangers of using this form of currency. While more traditional investors scorn the volatility associated with cryptocurrency markets, many other communities around the world have for the first time been able to access financial services, only needing an internet connection instead of lengthy bank account applications.

When it comes to the underlying security and transparency that digital currencies can provide, it directly tackles an infringing problem that the traditional currency markets regularly deal with. While many claim Bitcoin, and digital currencies in general, to be "risky" and a bubble, the truth is that the new age payment services have brought a multitude of results to an outdated system.

What Is Tether (USDT)?

Tether (USDT) is a cryptocurrency pegged to the US dollar, otherwise known as a stablecoin. Stablecoins hold the value of the fiat currency or commodity they are pegged to on a one-to-one ratio. Tether is the world's first stablecoin, originally launched for trade in 2014 under the name Realcoin.

While Tether was initially launched on the Omni Layer on the Bitcoin blockchain, it has since become compatible with a number of other blockchains, including Ethereum, TRON, EOS, Algorand, Solana, and the OMG Network.

A stablecoin requires the circulatory supply to be matched by funds stored in a reserve account. Tether uses a combination of commercial paper, deposits, cash, reserve repo notes, and treasury bills to maintain the circulating value. In the past there has been some speculation regarding Tether's backing, however, this has not affected the stablecoin's increasing popularity and buying power.

The core concept of Tether is to provide a digital asset with a stable market price that can harness the power of blockchain technology and the benefits of cryptocurrencies without incurring any of the volatility associated. You can visit the Tether site to gain a more thorough understanding of the intricacies of the coin.

What's The Value Of Tether?

While most cryptocurrencies have a value attached to their specific supply and demand, stablecoins are pegged to a fiat currency or commodity. This means that the value will remain consistent with the value of the fiat currency or commodity it is pegged to, generally this is on a 1:1 ratio.

For the case of Tether, the value will always reflect that of 1 US dollar. While the value remains the same, it is necessary to report that the stablecoin has managed to become one of the most widely traded cryptocurrencies on the market.

Who Created Tether?

As mentioned above Tether was initially called Realcoin when it was launched in 2014 and was created by Bitcoin investor Brock Pierce, entrepreneur Reeve Collins and software developer, Craig Sellars. It later changed its name to USTether, eventually settling on USDT.  

All three co-founders have profound experience within the crypto industry, each co-founding and actively involved in several cryptocurrency and blockchain projects.

The business has also created a number of other stablecoins solving the volatility problem across numerous markets, notably a Euro-pegged Tether coin (EURT), a Chinese Yuan-pegged Tether coin (CNHT), and a gold-pegged Tether coin (XAUT).  

How Does Tether Work?

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Tether does not have a blockchain of its own on which it operates. Instead, it operates as a second-layer token on top of other already establish blockchains, such as Bitcoin, Ethereum, EOS, Tron, Algorand, Bitcoin Cash and OMG.  

Tether still functions like any other cryptocurrency, being stored and maintained through wallets specific to the blockchain it is built on. Note that you cannot send USDT built on the Ethereum blockchain to a Tron-based wallet, it must remain on the relevant, same blockchains. The result of this would be lost coins.

The circulating supply of Tether is required to always be backed by the same amount of US dollars held in a reserve account. These reserves can also be made up of other real-world cash equivalents, assets, and receivables from loans.

Providing a stable digital currency in an otherwise relatively volatile market, Tether allows users to make USD trades, both internationally and locally, without any concerns over price movements. It also provides a valuable hedge against markets experiencing sudden or dramatic price dips.  

What Is USDT?

USDT is a stablecoin pegged to the US dollar on a 1:1 ratio. Created under the Tether brand, USDT is the most widely used stablecoin on the market today. There is an infinite supply of USDT available, with roughly 72.5 billion in circulation at the time of writing.  

USDT provides a safe haven for investors when markets go through major downward price trends, offering a stable price to move the value to without having to liquidate the digital assets to cash.  

How Can I Buy USDT?

If you would like to incorporate Tether (USDT) into your crypto portfolio you can do so easily through the Tap mobile trading app. After completing a simple KYC verification, users can gain access to a number of crypto markets and can store the digital assets in our unique, integrated crypto wallets.

The potential for blockchain and cryptocurrencies is vast. With the help of the Tap mobile app, you can manage your crypto portfolio and fiat on-the go while also utilising real world use cases like Tap prepaid card that offers payment access to over 40M+ merchants worldwide.

Convex Finance has been dubbed a "DeFi 2.0 protocol," and is part of the ever-growing subset of second-generation decentralized finance (DeFi) protocols that offer yield farming services to users. Deeply ingrained in the DeFi space, Convex empowers Curve Finance users to further benefit from earning and optimizing yields. 

What is Convex Finance (CVX)?

Convex Finance is a revolutionary DeFi platform that offers enhanced staking rewards and works on top of the Curve Finance network, a decentralized exchange (DEX) liquidity pool designed for the swapping of stablecoins. By focusing on stablecoins, the Curve exchange platform is able to bypass volatility typically associated with the cryptocurrency industry, as well as offer lower trading fees and less slippage.

Curve Finance functions using its native CRV tokens which are earned when users deposit crypto assets into its liquidity pools. Both protocols, Curve and Convex, are built on the Ethereum blockchain. Convex acts as a yield optimizer for both Curve CRV token holders and Curve liquidity providers on the network. 

Convex offers a simple user experience alongside extra advantages such as low-performance fees and zero withdrawal fees, which allows liquidity providers and CRV stakers to earn higher returns. Convex Finance CVX tokens are the platform's native token and are ERC-20-based utility tokens with additional governance incentives.

The Convex Finance protocol offers two ways in which users can optimize their yields: staking and providing liquidity.

• Staking: users can stake CRV tokens on Convex (instead of staking on Curve directly) to receive additional rewards (CVX and a portion of the protocol's earnings). CVX can also be staked on the Convex platform, and in return, users earn a share of Curve liquidity providers' CRV earnings. 
• Liquidity providers: as a reward for providing liquidity on the Curve platform, liquidity providers earn Curve LP tokens. These tokens can be staked on the Convex platform in return for CRV tokens and additional rewards. The more CRV tokens that are staked, the higher the reward distribution. 

CVX token holders can earn governance rights by locking their tokens on the platform for a specific amount of time. 

Who created the Convex Finance platform?

Convex Finance was launched in May 2021 by a pseudonymous founder, C2tp. Little is known about this person or group but it is assumed that they came from a software development background. Despite anonymous founders generally being a red flag for risky investments, Convex has defied this norm and is considered to be one of the most influential and important protocols in the DeFi industry. 

In its first month, Convex Finance recorded $68 million in total value locked (TVL), reaching its peak in January 2022 of $21 billion. TVL refers to the sum of all the crypto assets deposited in a DeFi protocol at any given.

Soon after launching, the Convex platform was whitelisted on the Curve platform. Due to a large number of CRV tokens being deposited on Convex, Curve granted Convex permission to participate in Curve's governance. 

How does Convex Finance work?

The Convex Finance protocol provides users access to liquidity and earning trading fees through Curve's established stablecoin pools. In order to do so, users need to deposit Curve tokens into Curve's liquidity pools and then stake them on Convex. Acting as an intermediary, Convex then auto-harvests these tokens and reimburses liquidity providers with the gained rewards. 

CRV tokens and curve liquidity providers

These rewards can be distributed as either CRV or other tokens such as LDO or SNX. Liquidity providers can also increase their returns by further compounding their earned CVX tokens through the staking mechanism. Both CRV stakers and Curve’s liquidity providers are entitled to Convex liquidity mining rewards. 

Convex Finance CVX tokens were designed to simplify staking on Curve's platform with an added fee-earning nature. When a user deposits CRV into Convex, the platform converts these tokens into veCRV (vote escrowed CRV) and credits the depositor with cvxCRV on a 1:1 ratio. Users can then exchange the cvxCRV tokens for CRV using the Curve liquidity pool and earn higher yields by locking up more CRV. 

When users have deposited a certain amount of CRV tokens into the Convex protocol they receive wrapped cvxCRV tokens. These tokens can be staked for CVX tokens and are entitled to CRV rewards earned through the protocol. These rewards include receiving a part of the CVX token airdrop and a 10% share of the CRV harvested by the vaults. 

By providing users the opportunity to earn staking rewards and trading fees without having to lock in CRV, Convex offers a secondary source of income for tokens users already own through Curve. This is the core reason for Convex's success and growth. 

What are CVX tokens?

Convex Finance CVX tokens are ERC-20-based tokens with both utility and governance functionality. The token is used to receive a share of Convex platform fees and reward CRV stakers.

The token has a maximum supply of 100 million, with 50% of the tokens assigned to rewarding Curve liquidity providers. 25% of the remaining tokens are allocated to liquidity mining distributions over the next four years while 9.7% are held in the platform's treasury.

How can I buy the Convex Finance CVX token?

Tap grants its users the freedom to trade securely while retaining their cryptocurrencies in its integrated wallet or the choice of withdrawing them for use on DeFi platforms. Tap offers a secure space to not only trade digital assets but to store them long term too. 

Unlock the power of Tap's mobile app by creating an account and completing your account verification steps. You'll then enjoy access to a wide array of vetted crypto markets and fiat currencies, from where you can buy or sell Convex Finance CVX tokens in a click. All that stands between you and get started with Tap is getting the app today.

When new to the industry, deciphering whether to invest in Bitcoin or a range of altcoins can be a tough decision. We’re here to sort this out in one quick personality quiz, pointing you in the direction of which crypto is best suited to your needs. 

Choose option A or option B from the questions below and tally them up to find your answer at the end. ‍

What are your investment goals? 

A) You're tired of traditional investments and want a new simple and innovative way to invest. You're a long-term thinker with a no-nonsense strategy and will stick to your guns. 

B) You’re not scared of risk and are looking for investments to actively trade. You like the idea of long term returns, but are happy to do your research and play the market.

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What does your ideal lifestyle look like?

A) You're interested in maximizing your wealth so that you can live a happy life while you still can. You want to invest on your own terms and tap into these advantages without stress.

B) You're eager to learn more and be on the cutting edge of technology and all the endless possibilities and advancements it possesses. It's not just about material wealth for you, it's also about the community and opportunities to learn more about cryptocurrency and investing.

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What are your thoughts on cryptocurrencies' place in the world?

A) You believe crypto will have a more significant role in the future, and you don't want to be left behind. You're looking for an investment with comparable growth potential, as well as industry-leading performance.

B) You believe that cryptocurrencies are essential for future-proofing your money, and you're eager to learn at your own pace. You're more interested in a diverse cryptocurrency portfolio than in established coins.

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Are you a solo effort or a group project?

A) You are a self-starter who isn't afraid to follow your own path in life. You're comfortable collaborating with people who share your goals. You want something that is distinct from the rest and does not require any assistance to develop.

B) You're a sociable individual that thrives in a group. You're looking for something exciting that is both innovative and solution-driven. When it comes to progress, you think collaboration and experimentation are essential.

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Results

If you chose mostly “A”:

You're Bitcoin. You're searching for a simple and secure method to grow your wealth, and you want an asset with the highest market value and valuation to assist you. If you want a deflationary, bank-busting store of value, Bitcoin may be your hidden weapon.

If you chose mostly “B”:

You're altcoins. You want a versatile investment that you can leave alone or put to good use as you get more comfortable with cryptocurrency. You may see yourself exploring new ways to generate passive income or even creating your own projects. Variety and staying at the forefront of cryptocurrency initiatives pique your interest. 

If you’re straight down the middle:

Why not enjoy the best of both worlds? A diversified portfolio consisting of both Bitcoin and altcoins is just as likely to be successful, interesting and up your alley. 
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Disclaimer: This article is intended for communication purposes only, you should not consider any such information, opinions or other material as financial advice. The information herein does not constitute an offer to sell or the solicitation to purchase/invest in any crypto assets and is not to be taken as a recommendation that any particular investment or trading approach is appropriate for any specific person. There is a possibility of risk in investing in crypto assets and investors are exposed to fluctuations in the crypto asset market. This communication should be read in conjunction with Tap’s Terms and Conditions.

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1inch is a cryptocurrency trading tool for traders, allowing them to quickly find and access competitive prices on decentralized exchanges (DEXs) using its innovative 1INCH token, which provides both utility and governance functionalities to token holders.

What is the 1inch network?

The 1inch network is a decentralized exchange aggregator that assists crypto traders in finding the best prices and lowest fees for their transactions within the DeFi (decentralized finance) sector of the cryptocurrency market.

Decentralized exchanges use self-operating smart contracts to enable trades between buyers and sellers, utilizing a non-custodial infrastructure. This allows for seamless transactions while maintaining the utmost security of funds. 

While these exchanges offer heightened security, this does not always lead to heightened liquidity, which can result in what is called slippage. This is where there is a discrepancy between the expected price of a trade and the actual price once executed. The 1inch protocol helps to avoid this problem and other market inefficiencies by joining together trading activity from multiple markets and combining liquidity.

In essence, the DeFi space is notorious for fast-changing prices and transaction fees for crypto assets, and 1inch solves this problem. Instead of traders having to manually resource and compare prices across DEXs, the 1inch network gathers real-time pricing data, including gas fees, from several top exchanges and presents this information to the trader. These exchanges include the likes of 0x, SushiSwap, Uniswap, and Kyber Network. 

The network is fueled by the 1INCH token and ERC-20 token that provides governance rights and participation in the network's expansion. The token serves as both a utility token and a governance token on the network allowing holders to vote on key protocol parameters.

Who created the 1inch platform?

1inch was founded by Surjey Kunz and Anton Bukov during the ETHGlobal New York hackathon in May 2019, built on the Ethereum blockchain. The pair had previously entered hackathons together, winning awards along the way. 

Prior to this endeavor, Sergej Kunz had a wealth of experience in programming and development. He was a senior developer at Commerce Connector, coded for Herzog agency, directed projects with Mimacom consultancy, and worked in both DevOps and cybersecurity roles at Porsche.

With nearly two decades of experience in software development and five years specialized in decentralized finance (DeFi), Anton Bukov has become a seasoned expert, contributing to projects like gDAI.io and NEAR Protocol.

In August 2020, 1inch received $2.8 million in funding from Binance Labs, Galaxy Digital, and several other firms before raising a further $12 million in December from prominent firms including ParaFi Capital and Pantera Capital. A year later, 1inch received $175 million in another funding round led by Amber Group. 

How does the 1inch Protocol work?

In its most basic form, 1inch operates in a similar way to prevalent travel booking sites in that the protocol collects and compares crypto prices and transaction fees from several decentralized exchanges. The platform uses three prominent protocols: the aggregation protocol, the liquidity protocol, and the limit order protocol.

The aggregation protocol that factors in gas fees

By utilizing 1inch, traders have the convenience of trading from a single platform while being exposed to the lowest trading fees and best prices across several DEXs. Their Pathfinder product not only finds the top trading routes across several markets but also considers gas fees. The aggregation protocol will automatically factor in the gas fees when establishing the best price routes.

For instance, the complex protocol can break down single trades across multiple DEXs in order to provide the best market price. Finding the most efficient swapping routes might include converting a cryptocurrency to a stablecoin and then finding the best crypto prices across multiple exchanges (factoring in low trading fees) before executing the original trade. 1inch takes care of the complex backend routing processes while the trade effectively executes one trade at the best price.

The liquidity protocol for liquidity providers

The platform's liquidity protocol incorporates a next-generation automated market maker (AMM) that not only provides impressive opportunities for liquidity providers but also protects users from front-running attacks typically associated with liquidity pool trading.

The liquidity protocol allows users to earn passive income from depositing their cryptocurrencies into the relevant liquidity pools and earning LP tokens in return. LP tokens can be staked or exchanged, while the cryptocurrencies in the liquidity pools can be used for transactions made by liquidity providers utilizing the 1inch exchange, a decentralized exchange.

To engage in the liquidity protocol or the 1inch exchange, users simply need to connect their wallet and select the liquidity pool (trading pair) they wish to provide liquidity. Additionally, as the decentralized exchange aggregator does not store any crypto assets on its server, users are never required to pay a withdrawal or deposit fee when using the 1inch exchange services.

The limit order protocol for decentralized exchanges

Considered one of the "most innovative and flexible limit order swap opportunities in DeFi" 1inch’s limit order protocol allows traders to place more advanced, conditioned orders to automatically guarantee their profits at certain prices or avoid losses.

Alongside the flexible limit order functionality, the protocol also offers features such as dynamic pricing, extra RFQ support, and powers various implementations.

What is the 1INCH token?

The 1INCH token is an ERC-20 token that serves as a utility and governance token for the platform.  On top of functions like spending, sending, holding, and staking, the 1inch token also provides voting rights to token holders on any proposed updates to the protocol. 

How can I buy the 1INCH token?

Users can easily incorporate the 1INCH token into their portfolio through the Tap app's secure platform. The easy method allows anyone with an account to engage in an effortless trading experience using both cryptocurrencies and fiat currency. 

Tap into the 1inch ecosystem by opening an account and loading your preferred wallet, then simply execute the trade to buy the 1INCH token. The tokens can then be held in the integrated wallet or used on the 1inch exchange platform or liquidity pools by completing a simple transaction. All you need to do to get started is download the app and create an account. 

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We are delighted to announce that Tap, your all-in-one assets and payment management platform, and Sweatcoin, the crypto and wellness app, have announced an exciting new partnership aimed at promoting people's financial health and wellbeing. This alliance not only marks the confluence of two innovative industries but is also a testament to the shared values and visions of both companies.

Tap has been at the cutting edge of the fintech industry, offering an all-in-one app for managing crypto assets, fiat on-ramp, and a Mastercard for everyday expenses. Sweatcoin, on the other hand, has been transforming the wellness space by incentivizing physical activity through its unique digital currency. This partnership is not just a sharing of synergies but an embodiment of each company’s commitment to wellness, crypto adoption, and driving the industry forward.

One of the most exciting aspects of this partnership is the reward program. Users of Sweatcoin who join Tap are eligible for rewards of up to $100 in Bitcoin. This is a unique opportunity for users to advance in their journey into the world of cryptocurrencies by simply maintaining they body and finance healthy.

Both companies have a rich history of innovation and social responsibility. Tap cutting-edge financial services are designed to make the transition between fiat and crypto seamless. Sweatcoin has been motivating people to stay active with its digital currency rewards. This partnership is a perfect example of how companies can embody each other’s values and work together towards a common goal.


Tap is making a splash in the fintech sector with its comprehensive app that facilitates crypto management, seamless conversion to fiat currency, and includes a Mastercard for daily transactions. They're deeply committed to empowering individuals to take the reins of their financial destiny. Meanwhile, Sweatcoin has been revolutionizing the wellness space by incentivizing physical activity through its unique digital currency. This alliance is not merely a combination of offerings, but a powerful collaboration that underscores both companies' dedication to all wellness, embracing cryptocurrency, and advancing the industry.

This event signifies not just the collaboration between two industry actors but is also a celebration of the shared vision for a healthier and financially inclusive world.

To hop on board this thrilling rewards train, swing by the rewards section in the Sweatcoin app.

Looking to maximize profits and minimize risk in crypto investing? These top 6 crypto investing strategies will help you manage your portfolio and navigate the markets effectively. Whether you're a new or experienced investor, understanding these cryptocurrency investment strategies is crucial. Just like stocks and bonds, crypto investments require a solid strategy tailored to your unique needs. 

Be sure to outline your investment objectives, investing style, and long-term investment strategy before getting started. Let's explore the essential strategies for navigating the dynamic crypto market.

Top cryptocurrency investment strategy

Here are the best of the best when it comes to deciding on a crypto investment strategy.

Look to liquidity

When it comes to investing in the crypto market, liquidity is crucial. Liquidity looks at how readily an asset can be converted into cash while still preserving its value. The term "liquidity" refers to whether traders can enter or exit a trade at a specific price point. Bitcoin, for example, has the greatest liquidity of any cryptocurrency in the marketplace. 

Traders must be able to enter and exit positions quickly to keep up with the volatile crypto market. This implies that there must be both supply and demand for the cryptocurrency, allowing market participants to buy at a good price while still making a profit when they choose to sell.

Trading volume and how much a cryptocurrency has recently been bought and sold for, as well as investors' overall interest in the asset, can be useful when measuring an asset's liquidity.

Embrace volatility

The crypto market is notorious for its price fluctuations, but it's also known for its downturns. Volatility in crypto may be advantageous for traders who take advantage of these price fluctuations, but it can be challenging for long-term investors.

Although cryptocurrencies are a new asset, there is still a lot of hype and speculation surrounding it, which may lead to heightened volatility. While big price swings are typically considered a hazard, day-to-day volatility is common in the cryptocurrency market and can be an opportunity to make money.

Volatility is beneficial for cryptocurrency trading, but it's vital to understand your risk tolerance as an investor before diving in. It's also critical to keep a close eye on what's going on in the market by reading news items, blockchain updates, and historical charts regarding your positions.

Crypto market 101: only invest what you can afford

Possibly the most important crypto investment strategy: the golden rule of value investing is never to invest more than you're willing to lose. If you can't afford to lose all of your cryptocurrency investment, you can't afford to take the chance of investing in that currency.

In the cryptocurrency market, when establishing your risk tolerance you need to consider how much money you make and your current risk profile. And remember, outlining your investment objectives is as important as understanding your risk tolerance when you start investing.

When building your cryptocurrency investment strategy, Yubo Ruan, CEO and founder of Parallel Finance advises: "A person new to crypto should consider around 5% of their income to the crypto market, a crypto enthusiast should look for around 10% of their income allocated to crypto, and a DeFi expert or trader should probably consider 20% or more to crypto."

Consider a dollar-cost averaging approach

Traders can also look at incorporating a dollar-cost averaging into their cryptocurrency investment strategy. This involves making small regular investments instead of diving into a lump-sum investing strategy. Ideal for a long-term investment strategy, dollar-cost averaging is a very straightforward investment strategy, used across many markets.

Instead of trying to time the market and buy at the perfect moment or lump-sum investing, you invest a fixed amount of money regularly over time. This approach allows you to buy more digital currencies when prices are low and fewer digital currencies when prices are high.

By consistently embracing dollar-cost averaging over the long term, you can potentially reduce the impact of short-term market volatility and benefit from the average price over time. It's like taking small steps forward consistently, regardless of how the market is behaving, with the goal of growing your crypto investment gradually and building wealth over the long run.

Don’t be shy to take gains regularly

According to experts, investors should take profits from their crypto investment on a regular basis. When it's time to cash out, many crypto investors are confronted with the immediate decision of whether a cryptocurrency's price will fall or rise in the coming hours/days, experts, however, advise taking profits using a solid strategy.

While hodling (buying and holding for an indefinite amount of time) is a solid investment strategy, there are other ways you can maximize your profits. Consider selling a portion of an asset when the price is high, placing the funds in a stablecoin, and then repurchasing it with those same funds when the price drops again. This crypto investing strategy allows you to sell high and buy low, without using all your holdings.

Diversification crypto investing strategy

You know the saying “Don’t put all your eggs in one basket”. Well, when it comes to your crypto portfolio (and investment strategy) this couldn’t be more true. Building a reliable and profitable portfolio will require incorporating several different coins and crypto projects. Always do your own research before investing in digital currencies and be sure to adhere to an appropriate asset allocation for your risk tolerance.

Traders might like to create variety by investing in a number of established digital currencies as well as DeFi projects, coins associated with the Internet of Things (IoT), or non-fungible tokens (NFT). Diversification allows cryptocurrency investors to invest in both low-risk and high-risk assets. Diversification is also a favourable tool when engaging in cryptocurrency trading.

Trade with confidence

Another important element to consider when plotting your crypto investment map is where to keep them. Ensure that you store your cryptocurrencies in a safe location, preferably on a regulated platform that holds insurance. 

While the markets might be down, some crypto assets have proven over the years to be high performers, so consider this a beneficial time to accumulate “low-priced” digital assets. Follow these 6 crypto investing strategies above and reap the benefits down the line.

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