CoinCarp Blog

  Background In the emerging world of crypto, there are multiple coins in which the investors can safely invest. From Bitcoins to Dogecoins, the investor has various options to pick and choose from multiple categories. We have compiled the 7 most famous and top most invested tokens for you in 2022. Bitcoin Bitcoins, originated by Satoshi Nakamoto in 2009, are the most popular and widely used cryptocurrency across the globe. Also known as BTC, it works through a blockchain or a sequence of ledgers by which transactions are conducted with the help of multiple computers at work. Bitcoin is one of the safest coin to invest in because it has massive profit potential. Also, its value and price have increased massively, and currently, the price of a single bitcoin is approximately $30,000 at the time of writing this. Ethereum Denoted as ETA,  Ethereum  has a dual function: it acts as a cryptocurrency and a blockchain platform. Moreover, it has an NFT function with mean non-fungible tokens tha

  Recently, the crypto lending platform   Celsius   has fallen into a serious financial crisis and suspended withdrawals, locking billions of users' funds. It caused violent turmoil in the crypto market after Luna. People even regarded it as a "Lehman moment", indicating that the event may, be like the Lehman company that caused the global financial crisis in 2008. That may lead to a more damaging and series of crises in the crypto world. The article will explain how the Celsius platform works and why they suspend withdrawals. What Is Celsius Network? Celsius Network is one of the world's top crypto lending and interest-earning yield platform that was founded in 2018. Celsius claims they are a democratized interest income and lending platform just like a bank that is built on blockchain. Celsius has had a great time, raising $750 million funds in November last year, moreover, the asset management scale used to be more than 30 billion US dollars. According to its offic

  An   NFT   rental involves one person who owns a specific NFT and another who need an NFT for a limited time. Purchasing and collecting NFTs is not inexpensive. Even the cheapest NFTs from famous projects like Bored Apes and Cryptopunks are not available for purchase at a price within the purchasing power of the average individual. This is when NFT rental comes into play. It implies exactly what you think it means: renting out tokens and providing individuals with the feeling of having an NFT (and the utilities that come with it) for a limited time. Why Renting NFTs? NFT rental establishes a secondary market in the NFT ecosystem, as NFTs are frequently kept idle in the user's wallet. It provides a source of revenue for the renter. For borrower, NFT renting offers an inexpensive way to experience some of the NFT's utilities, such as access to special members-only material, without spending hundreds or thousands of dollars to purchase them. Take Stoner Cats for example, it was

  There is no doubt that blockchain technology has shaped the future world, especially Defi(Decentralized Finance), which is the great revolution for finance. However, because of the decentralized attribute of blockchain, it also became a crime haven for scammers. It is a world riddled with elaborate scams to swindle investors' money. In general, the scams can be classified as Honeypots and Rug pulls(Learn:   What's A Rug Pull in Crypto? ). In the article, we will mainly try to focus on crypto scams and show you how to find out a token scam. What Is a Honeypot Crypto? The term honeypot is a computer security term, it means baiting a trap for hackers. As a crypto honeypot, it is similar. Honeypot crypto is a cryptocurrency in which the honeypot creator (attacker) inserts a piece of code into the smart contract and makes it only the honeypot creator (attacker) can sell or withdraw the crypto. With the feature of concealment, it is less obvious and more difficult to detect, even f

  Most people tend to buy crypto from centralized exchanges, such as Binance, OKX, especially for beginners. However, some early projects were only listed on DEX(decentralized exchange), such as Pancakeswap or Uniswap. It is not that easy for newbies to trade on DEX, in this article, we will show you how to buy cryptocurrency on Pancakeswap. What Is Pancakeswap? PancakeSwap is the leading decentralized exchange on BNB Smart Chain, with the highest trading volumes in the market. Unlike centralized exchanges like Binance or Coinbase, PancakeSwap doesn't hold your funds when you trade: you have 100% ownership of your own crypto. Different from centralized exchanges, PancakeSwap uses a pricing method called Automated Market Maker (AMM) that allows users to trade without an order book. What Is the Trading Fee of Pancakeswap? When you make a token swap (trade) on the exchange you will pay a 0.25% trading fee, which is broken down as follows: 0.17% - Returned to Liquidity Pools in the for