Category Archives: DeFi and DEX

Blockchain Development for Financial Services

Posted on by Colleen Borator
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Blockchain technology has revolutionized many industries around the world by providing efficient solutions. Blockchain supports the use of digital currencies, which have become a major focus in many industries, including the financial and investment sectors.

The realm of Financial Analytics for small businesses can cover many specialties, but blockchain is disrupting them from end to end. New developments have proven to be even more promising.

Scroll on and you’ll find out:

  • Аpplication of blockchain technology in the finance industry
  • Share Price Tracking and Analysis: Challenges and Limitations
  • The Importance of Real-time Data in Stock Trading
  • Ways Blockchain Can Improve Share Price Tracking and Analysis
  • Blockchain to enable the accessibility of predictive analytics
  • Future prospects and challenges for blockchain-based solutions in finance

Well, if you are ready to dive into the world of blockchain and find out what role it plays in the financial sector, I dare not hold you back!

Application of Blockchain Technology in the Financial Industry

Blockchain technology has a huge potential to revolutionize the financial industry by enabling secure, clear and efficient transactions. Let’s take a look at examples of blockchain use in the financial sector:

Payment transactions and money transfersСan help make direct payments and money transfers without the need for intermediaries, such as banks. Blockchain-based payment systems can reduce transaction costs, speed up transfers, and guarantee greater security and privacy.
Asset tokenizationcan provide partial management and trading of such assets, making these investments accessible to a much wider range of investors.
Smart contractscan facilitate the automation of financial agreements and transactions, reducing the need for intermediaries and increasing their productivity.
KYC/AML compliancecan enable the secure and timely exchange of customer KYC and anti-money laundering (AML) information between different financial institutions, reducing the cost and time required to comply with regulatory requirements.
Trade financecan facilitate trade finance processes by ensuring that transactions are secure and transparent.

Overall, blockchain technology has a great chance of transforming financial services by increasing productivity, reducing costs, and improving security and transparency. However, the widespread adoption of blockchain in financial services will require cooperation between industries and regulatory certainty.

Share Price Tracking and Analysis: Challenges and Limitations

Tracking and analyzing stock prices can provide investors and traders with valuable information to help them make informed decisions about buying and selling stocks. However, there are several challenges and limitations associated with this type of analysis. Here are some of the most important ones:

Stock prices can be very volatile, making it difficult to accurately plan for future price changes. 

Stock price data can contain errors, inconsistencies, and delays, which can negatively affect the accuracy of the analysis. 

Historical share price data may be scarce, especially for newer companies, which may make it difficult to identify long-term trends and patterns.

This can make it difficult to make informed decisions based on the analysis.

Emotions and biases can also influence the results of tracking and analyzing stock prices, which can affect investment decisions.

Access to stock price data and analysis tools may be limited or costly, especially for individual investors.

Overall, while monitoring and analyzing stock prices can provide valuable information for investors and traders, the challenges and limitations associated with this type of analysis should be considered. Therefore, investors should take into account a number of circumstances, including market trends, previous data and other external factors.

The Importance of Real-time Data in Stock Trading

Real-time data is extremely important for stock trading because it provides traders with the most up-to-date information about market conditions, stock prices, and other factors that may affect their investment decisions. Let’s take a look at a few reasons why real-time data is important for stock trading:

Prompt decision-making: Real-time data allows traders to make informed and timely investment decisions. 

High accuracy: Real-time data allows traders to get accurate and verified information, which prevents possible mistakes that can lead to significant losses. 

Having real-time data can give traders a competitive edge in the fast-paced world of stock trading. They can quickly track investment opportunities and stay ahead of the competition.

Risk management: By following market developments and stock prices in real time, traders can quickly change their investment decisions and minimize potential losses.

Ultimately, real-time data is a very important element for traders in today’s environment and stock trading. With access to real-time data, it is possible to make more informed and accurate investment decisions, control your investment risks, and outperform your competitors.

Ways Blockchain Can Improve Share Price Tracking and Analysis

Blockchain can improve the tracking and analysis of stock prices by providing access to a secure and reliable platform for data exchange between market participants, as well as automating some processes.

Below are examples of how blockchain can improve stock price tracking and analysis:

Stock tokenizationBlockchain can enable the tokenization of stocks. This allows investors to trade stocks more mobile and create diverse portfolios, and opens up the possibility for small investors to participate in stock trading that was previously inaccessible to them.
Decentralized exchangesThis reduces transaction costs and increases the speed of exchange.
Smart contractsCan facilitate some processes related to stock trading with blockchain-based smart contracts. 
Ownership history trackingThis ensures transparency and consistency of share ownership, reducing the risk of fraud or errors in ownership documents.
Real-time data exchangeBlockchain can facilitate the exchange of real-time data between market participants, providing them with access to updated information on market conditions, stock prices, and other important factors. 

In general, blockchain can help improve the process of tracking and analyzing stock prices by providing a transparent, reliable, and efficient platform for data exchange and optimization of certain processes. This can lead to increased market efficiency, reduced transaction costs, and improved investment decision-making for investors.

Blockchain to Enable the Accessibility of Predictive Analytics

Blockchain Association is the process of analyzing and interpreting data that is stored on a blockchain.

It involves using specialized softwares and techniques to extract information from the blockchain and gain insights into the behavior of users, transactions, and other aspects of the blockchain ecosystem.

Blockchain technology can potentially provide access to predictive analytics in several ways:

Secure data exchange: Blockchain enables the secure exchange of data between different entities without the need for trusted third-party intermediaries. This can help make predictive analytics accessible to a wider range of stakeholders, even those who have never had access to the data they need before.

Transparency: This helps to build trust between stakeholders and increase the efficiency of the decision-making process.

Smart contracts: You can automate the execution of predictive analytics algorithms, ensuring that they are used for their intended purpose, without interference or tampering.

Decentralized governance: can help ensure that predictive analytics algorithms are developed and executed fairly and openly, without the need for any single organization to control the process.

As such, blockchain has a great chance to become a more reliable and accessible platform for predictive analytics, allowing a wider range of people to benefit from the data that can be obtained through the application of these effective algorithms.

Future Prospects and Challenges for Blockchain-Based Solutions in Finance

Blockchain-based solutions have already revolutionized the financial industry, and there are still many opportunities for the technology to be used in the future. 

Below are some future prospects and challenges for blockchain solutions in the financial sector:

Prospects:Challenges
Blockchain technology can help to optimize and streamline many financial processes, which will facilitate faster and more efficient financial transactions.The regulatory environment for blockchain-based solutions is still ambiguous in most jurisdictions, which can cause problems for businesses looking to implement these solutions.
Blockchain technology provides a reliable and tamper-proof record of transactions, which can prevent fraud and increase security in the financial system.Different blockchain networks may have different technical standards, which can create interoperability issues when trying to connect different systems.
Blockchain technology can help reduce costs associated with intermediariesBlockchain technology still faces scaling issues, particularly when it comes to processing large numbers of transactions.
Blockchain technology can provide an open and verifiable record of financial transactions, which can help increase confidence in the financial system.there are still risks associated with hacking and cyberattacks that threaten financial institutions and their customers, despite the fact that blockchain technology is designed to ensure security.
Blockchain technology can enable new business models, such as decentralized finance (DeFi), which create new prospects for financial inclusion and innovation.The adoption of blockchain solutions in the financial environment may be slowed by a lack of knowledge and understanding among businesses and consumers, as well as the need for substantial investment in new infrastructure and systems.

Overall, although there are many challenges associated with blockchain solutions in the financial sector, their potential benefits are substantial, and this technology is likely to play an increasingly important role in the financial industry in the coming years.

Conclusion

Blockchain technology can have a significant impact on improving the accuracy and speed of tracking and analyzing stock prices. However, the use of this technology should be carefully considered and aligned with reliable data sources to ensure maximum efficiency and accuracy.

If you want to gain an understanding of how blockchain-based solutions can improve your stock market experience by enhancing price tracking and analysis, then you’ve definitely come to the right place! OmiSoft specialists will be happy to help you. Just contact us here.

What Is Litecoin?

Posted on by Saqlain Javed
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Litecoin (LTC--3.362%) is considered the first successful alternative cryptocurrency, paving the way for future developers and helping them expand the user base for cryptocurrencies. By 2011, other networks had already tried to alter Bitcoin’s code and modify its features, but it was only Litecoin that made an impact.

Let’s see how the project made historical significance, what it represents now, and what to do if you buy Litecoin (LTC).

Who Created Litecoin and Why?

Charlie Lee, the founder and creator of Litecoin, is a computer scientist and graduate of the Massachusetts Institute of Technology. The former Google engineer became highly interested in Bitcoin (BTC--1.41%) and the new blockchain technology in 2011. In October, he posted about “playing around with the Bitcoin codebase” on the Bitcointalk forum. He also expressed his intention to create “a coin that is silver to Bitcoin’s gold”.

Lee announced the exact time of the official launch along with Litecoin’s source code and binary one week leading up to it. This gave miners plenty of time to plan ahead prepare to start mining at the same time.

150 LTC coins were pre-mined before the launch – these were the genesis block and the block to confirm its validity. Since miners have already changed their files, they could quickly get a  50 LTC reward once the network went live. Subsequently, Bitcoin grew from a side-project to a full-on fork of the Bitcoin blockchain.

In 2017, Lee donated all of his LTC, dissociating himself from using Litecoin for personal benefit, and focused solely on managing the Litecoin Foundation.

Litecoin vs. Bitcoin

There are a few technical innovations in LTC that were meant to overcome the shortcomings of BTC.

Segregated Witness (Segwit)

Litecoin was the first network to successfully implement Segwit in 2017 and increase the number of transactions for one block. Segwit essentially divides a transaction into two sections and reduces the weight of transactions on the blockchain. Segwit has also become a solution to transaction malleability.

Lightning Network

The Lightning Network is an off-chain protocol, facilitating the first-ever off-chain atomic swap between Bitcoin and Litecoin. Off-chain swaps are meant for smaller transactions, which otherwise clog up the mainnet and slow down validators working on bigger transactions. It’s a win-win situation – now, users don’t have to sacrifice protection for speed and utility.

MimbleWimble

The activation of the highly anticipated MimbleWimble protocol is aimed at enhancing the network’s fungibility and scalability and is scheduled for the end of 2021. This will be an opt-in upgrade, parallel to LTC’s main chain.

What Can You Do With Litecoin?

Litecoin is often used as a speculative instrument. Traders and investors rely on the limited supply of LTC to generate a satisfactory return on their capital. So far, the results have been tremendous – in 2017, one LTC cost $2-$4, and now it’s worth around $150, ranking #16 by market capitalization on CoinMarketCap.

Aside from being a trading asset, LTC is used as a digital currency and enables instant payments to anyone in the world. Consumers describe LTC payments as secure and frictionless. You can also use Litecoin to pay for goods and services online. For example, AMC (AMC -0.35%), a large movie theater chain, will begin accepting LTC for online ticket sales and concession payments by the end of this year.

There are over daily 100,000 transactions processed by the Litecoin network between 200,000-300,000 active addresses. This is a fantastic sign that the network’s payment processing has a competitive advantage.

How and Why to Safely Invest in Cryptocurrency in 2022

Posted on by Wayland Bruns
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As we enter the third year of the COVID era, we see tectonic shifts in the financial industry. From the debt limit crisis, the failure of Gold as a safe asset, Brexit and the looming default of the major financial markets, there comes a need to be flexible.

The way you invested in the past will not likely achieve the yields necessary to fulfill your retirement goals. Willie Sutton, a famous bank robber, was asked why he robbed banks. The oft-quoted reply is “Because that’s where the money is”.

It is time to move your investments to where the money is.

Remember how you got started with investing. In a time when simply holding stocks made a profit, or a safe company like IBM was considered a safe investment. Everyone trading now knows full well that robots dominate the market, and the major wall street firms are stealing your money by trading ahead of you.

Fifteen years ago, I hired a major bank’s investment advisor to invest $78,000k of IRA funds – representing 10 years of my savings. Over the subsequent 10-years, he took the bank took $22,000 in fees and achieved a $2000 return. The APY on that is tiny – one-quarter percent. At this time, even a simple CD returned 0.5%. With inflation running about 2% per year, my funds decreased in value by about 25% during this time.

My Banker retired and put another guy in place, so I pulled my funds and started doing it myself. In the following four years I have made about 50% using index ETFs. i still feel burned that during the middle part of my earning years, the majority of my retirement savings was locked away in an account that only made the bank money. I thought I was getting wisdom and instead all I got was fees and declining assets.

Every time a Financial Advisor tells you not to trade Bitcoin – keep in mind that the value they are protecting is their own fees, and that they may not have your best interest in mind.

Bitcoin was invented in 2009 as an electronic form of value and exchange. In the early days, it was easy to say that it was made of nothing, worth nothing and would go nowhere. In the following 12 years, the value and adoption have exceeded all expectations. If you are not currently invested in Bitcoin, here are some easy ways:

1. Purchase Bitcoin Using a Traditional Stockbroker

Popular brokers are Robinhood which operates as a high-tech operation. You deposit your funds to Robinhood and purchase Bitcoin. They claim to not have a commission. However, they are entirely funded by order flow – a market consolidator that trades ahead of you – scalping higher prices in the process.

2. Purchase Bitcoin Through PayPal or Other Payment Provider

At this point, everyone and their brother handles Bitcoin, including PayPal. You can simply run your purchase through them.

3. Use a Popular Crypto Exchange

The most popular exchanges in the US are Coinbase and Binance.US (Binance-dot-US). Note that Binance.com (Binance-dot-Com) the global company is banned from operating in the US.

Specialty websites like Immediate Alora offer an option with sophisticated trading tools and platforms to trade Bitcoin and other currencies.

My quick suggestion is to make accounts on both of them. Coinbase is handy because they will give you $5 for just opening an account and you get about $40 of free crypto for watching a few movies. My experience is that the UI for Binance.US is easier for me to understand – which is important when moving my hard-earned money.

4. Invest in an ETF that trades in Bitcoin

The SEC and Bitcoin have a fraught relationship. If Cryptocurrency becomes successful, a considerable number of financial corporations and brokers will be unemployed. The SEC runs front man ensuring that Bitcoin is a second class asset in its tax treatment, rules to limit firms from trading it, and ensuring that regular people cannot invest.

While there currently is no ETF that trades Bitcoin directly, the Grayscale Investment Trust (GBTC -3.37%) allows you to own an investment based solely on Bitcoin assets. In general terms, one GBTC share is about 1/100th of a Bitcoin. Recently, due to changes in their management, the “premium” value has moved from positive to negative. GBTC trades with the Pink Sheets, so you can only trade it during market hours. You can trade GBTC from your IRA account.

Information is key when using ETF’s and finding that data on your own can be hard. Using an ETF’s data API can provide that extra bit of critical information for making the best trading decisions.

5. Invest in Etherium

Bitcoin’s younger sibling is Etherium, and Grayscale now offers Grayscale Etherium Trust (ETHE -2.24%). Again, this is a trust and not a real ETF, but it gives a vehicle that can be easily traded from a common stock account.

6. Invest in Blockchain Related ETFs

In addition to GBTC and ETHE, 2021 has brought us some new blockchain-based ETFs – And finally, some new ETFs for blockchain – Vaneck Digital Transformation ETF- (DAPP +1.24%), Amplify Transformational Data Sharing ETF (BLOK -0.83%), Siren Nasdaq NexGen Economy ETF (BCLN).

7. Invest in Companies that are Bitcoin Merchants or Miners

Bitcoin Stocks – Some companies are so involved with Bitcoin that they trade relative to Bitcoin’s price. None as directly as GBTC but enough to be worth mentioning. Coinbase – (COIN 304.54 -3.93 -1.27%), Marathon Digital – (MARA +0.13%), Riot Blockchain – (RIOT +3.09%), Sphere 3d – (ANY -2.09%).

8. Do NOT Invest in Bitcoin Technology – Soon to be Obsolete

Some call NVIDIA (NVDA -0.09%) a “Bitcoin stock” because their GPUs are used for mining. But this is not trading on the broad cryptocurrency market or even in a sustainable market. You are merely trading the merchant of the current mining technology. The method of bitcoin mining is wasteful both in electricity and electronic waste products. It is already obsolete. You are trading Coke in the era of Rockstar or IBM in the era of Microsoft. Trade Robinhood, not Lehman brothers. Everyone knows that you need to trade emerging technologies and not get distracted by the dinosaurs you see on the road.

9. Move your Money to Where the Action Is

Bitcoin (BTC -1.41%) and Etherium (ETH 2.51%) average about 200% gains per year. However, they tend to run a pattern of going up 400% one year, then going down as much as 80% the following year. So half of Bitcoin investors are thrilled because they’ve been through a couple of cycles and made 400%, and the other half are somber because they lost 80% in their three months of trying it.In 2022, both Bitcoin and Etherium have enough history to become dependable. They have even spawned an investment style to put a fixed amount in per month so as to slowly grow an account without having a considerable risk at the start. For instance, if you want to invest $10,000, you have a massive risk if you invest today – since Bitcoin may drop by 50% next month – burning $5000 of your investment. But if you instead move $500 per month over a 20 month period – you are likely to bridge a number of up and down cycles and good chance to end up with a higher balance at the end of the period. Using platforms like Bitpro Pulse can keep you on track with the current markets.

I can tell you from experience that I own the equivalent of 2 bitcoin at a purchase price of $8,000 each. A couple of years ago, I was on the seat of my chair for every drop. But in 2021, I really don’t care if Bitcoin is worth $40,000 one day and $20,000 the next. I just do not care. It is improbable it will ever again hit my break-even spot and is very likely to hit $100,000. I can state from experience that once you have hit a 400% gain, it becomes far easier to ride out the swings.

10. Investing in Altcoins and 2nd Tier Cryptocurrencies

Once you have a Coinbase and Binance.US wallet, you will see that they allow you to invest in about 100 other cryptocurrencies. It is easiest to look at these in terms of market share. Bitcoin (BTC -1.41%) and Ethereum (ETH 2.51%) still account for 80% of the market. But the next 15% of the market is held by a small number of Altcoins. Cardano (ADA 0.392%), Binance Chain (BNB 0.252%), XRP (XRP 0.627%), Solana (SOL 0.727%), Dogecoin (DOGE 1.083%) and others. These are easy to trade and have regular chart patterns.

Anyone experienced in chart trading of stocks will quickly find comfort in trading the Alt-Coin market. Even if you are not experienced, use this simple formula –

  1. Find any coin trading in a zigzag that represents an upward moving channel
  2. Watch when it hits the bottom of the channel
  3. Buy when it moves up off the bottom (confirming the move),
  4. Sell when it hits the top of the channel and turns over (confirming the end of the move).

The past channel will show you your holding term, and ideally, a channel that runs 14-60 days gives a good ROI. Day traders like to trade intraday channels, but I have always been a fan of 60 day channels. Finding channels that run 14-60 days give you a nice in and out cycle. Just sell when the coin breaks the channel or goes “weird” on you. Not every investment keeps to channels, but finding the ones that are regular is better than trying for a wildcard win.

My own experience is that the Alt-Coin market generally trends in-line with Bitcoin. So the best time to trade is when Bitcoin is rising. This is easy to spot because all the coins follow the same general trend. In an uptrending market, even your wrong decisions become right. Then when Bitcoin falters, move your money to the stable coins.

11. Stable Coins and their Use

There are a number of stable coins – Tether (USDT), Center (USDC) and Binance USD (BUSD) which attempt to remain parity with the US Dollar. When you encounter a down-drafting market, it is often faster and cheaper to park your funds in a stable coin rather than withdraw them to a US Dollar account.

12. Easy Way to Minimize your Risk

A reasonable way to invest in Alt-Coins is to wait for a time when market analysts predict Bitcoin will rise. Currently, with the debt ceiling looming and the COVID cloud on the economy is a good time.

Then invest a small amount of money broadly in many vehicles. I like to put $50 or $100 in a coin for a month or two, so that I can track the action to be sure it looks sane.

Then if it starts trending, I double and quadruple my investment. Right now, I have an alphabet soup of Altcoin investments with $40-60 in them (depending on whether they went down or up) and only about 5 of them with more than $400 in them. If these coins follow the general trend for Bitcoin, which goes up nearly 400% every-other-year, then I am anticipating returns of about 1,200% per year from Altcoins. Keep the tax treatment in mind – as these investments are taxed as income and not as long or short-term gains.

13. Another Warning

Crypto markets trade 24 hours a day. If you have spent any time trading penny stocks or trending stocks, you are accustomed to the rhythm of pre-market, market and post-market hours. With Cryptos, the market runs 24 hours a day, 365 days a year. The market commonly trends as soon as the US stock market closes. On many weekends you can see Bitcoin takes off just after 4 pm Eastern Time on Friday and carries that momentum through the weekend, only to lose it on Monday morning. Beware of the effect on your sleep and worry that your new investment will lose value if you fail to execute a 2am trade on your phone.

14. Investing on the Wild Side using DeFi (DEX) Markets

Starting in 2019, the DeFi markets have come into their own. This is a place you can make significant gains. The DeFi markets allow you to invest in the virtual birth of a Coin, and there are thousands of them. You can easily have a coin with such a low value that 1 trillion of them is not even $100. It raises the imaginary circumstance that if they rise to a penny, you can retire for life.

The DeFi coins all have convoluted reasons for existing and features that their designers hope will bring them into prominence. From the silly coins like WIFEDOGE (0.786%) because DOGE needs a wife to the super-serious Greentrust (GNT 0.07%) which promises to offset the investing with green technology. GNT is now my most significant loss so far at about 85% lost (nearly $60 or 1.5 Chinese Dinners). Trading in these coins is speculation in its purest form – you buy a currency foolishly, hoping only to sell it for a higher price to the next fool.

15. Getting a DeFi Wallet

The vehicle for trading Defi Markets is a Defi Wallet. Popular wallets are MetaMask for your browser or Trust Wallet for your phone. These wallets give access to a trading Blockchain, like Binance Smart Chain or Polygon. Finally, within that chain, you can purchase DeFi tokens.

It is challenging to move money from your Bank to the top tier exchanges, to the DeFi chains. This is convoluted because you are moving through levels of deregulation of your money. So be careful to only move money you can afford to lose – and never borrowed money or your emergency funds.

The Crypto markets use the term “Fiat” to mean US Dollars, which are worthless without the trust of the US Government. So in their words, Crypto is Real because it tangibly exists on the blockchain, and Fiat is Fake because it has no value except that people agree to honor the face value of a piece of paper. So you are moving your money from the Fake world to the Real-world, which takes time and effort.

Both Coinbase and Binance have holding requirements of about ten days before you can withdraw funds to the blockchain world. Then you need a third-party utility like Uniswap or Binance Wallet to effect the withdrawal into the blockchain. The most popular one will be used by Ethereum.

16. Procedure for Moving from Fiat to DeFi – from Dollars to Pancakeswap

  1. Withdraw US Dollars from your bank account into a Binance.US. You can purchase BNB OR BUSD here, but you need to let it sit for ten days.
  2. Then withdraw into a compatible chain – like Binance Chain.
  3. Once in the chain, convert it to a DeFi chain for the token family you want to buy. So convert Binance Chain BEP2 to Binance Smart Chain BEP-20.
  4. Finally, move the money into the more obscure coins supported by that chain. Sift through the features, and make some test investments.

Again, my experience is to start with a $50 investment to start, and then $100 and only if it feels right to work with more significant amounts of money. For me, $50 is the cost of a takeout Chinese Dinner, something we do once or twice a month (with leftovers, it makes two dinners for my family).

17. Staking Rewards add Up To 90% APY to DeFi Profits

One of the things you can do with DeFi coins is to stake them. Staking a coin assists the market and gives you access to staking rewards. When other people trade the coin, or “stake” is rewarded. For this activity, I am most impressed with Pancakeswap and their CAKE ( 0.056%) coin. Currently, if you stake CAKE, you can earn about 80% APY – that is – about 5% per month. Your earnings are dwarfed by the movement in the underlying coin, which has gone up 25% in the last three months. Like Bitcoin – from its recent High in April 2021 to its low in June 2021 was an 80% drop. On the other hand, if you had purchased CAKE in January 2021, you would now have a 2,900% profit.

The 2,900% profit in 9 months is completely dwarfed by SAFEMOON ( -1.142%), which launched in March 2021. If you had invested $1,000 at launch, you would have made $3.5 million two months later.

As Willie Sutton observed – “Because that is where the money is.” For 2022, where you want to be is in Altcoins, Staking and watching the breakout opportunities.

18. Build a Blockchain App

With Rapid Innovation you can build a blockchain app of your own. They will help you get from concept to launch, and offer software and blockchain consulting. Rapid Innovation can help you build, test, and launch with a team of experienced blockchain developers.

Summary

If you ever dream of being one of the early Bitcoin investors, spending 10,000 bitcoin for a Pizza, only to have that amount grow to be worth $400 million in 10 years, do not think those days are over. A simple strategy of investing $100 evenly over 100 coins, total $10,000 investment, will likely yield 50 complete losses, 40 break evens, and 10 winners. But if even one of those winners makes $100,000, you would call this the best investment of your life.

Stay safe and only play with money you can afford to lose. But it may be worthwhile to skip a Chinese dinner tonight and to push the $40 over to walk on the wild side of DeFi and DEX Cryptocurrency.