Wednesdays: Crypto/technology

Hello friends! welcome on our daily challenge, today is Wednesday stay, relax and learn.

Write about cryptos and technology and let us learn from you.

Cryptos and technology is a technical and digital device that helps to eject the need to carry physical money.crypto only function in digital . cryptos and technology is also all about blockchain and decentralized finance.
We have :-CENTRALIZED AND DECENTRALIZED FINANCE
Here I want to share with us about Decentralised Finance (DeFi), and it is designed to give crypto traders a window view of tokens/coins created at over 300 blockchains and how they are launched at CENTRALIZED or DECENTRALIZED exchanges. These learning will offer all participants the opportunity to buy these tokens/coins when they are just about 30 minutes or one hour old after launch. In DeFi trading practice, the earlier you buy the token the better the profit potential, so the pair age of the token is essential in determining how much profit the trader could make.

Crypto currency trading is very vast, some areas are too complicated and risky, and within the ecosystem, there are too many scammers. Over 90% of Crypto traders have lost their hard earned money to these terrible scammers, so it is necessary to undergo a thorough Training before venturing into the industry. This is one of the reasons you are here.

Every day, over 100 new tokens are pumped into crypto market. Out of these, only about 5% are genuine tokens. This means, about 95% of the new tokens launched every day are from scam projects. Unfortunately, many Crypto traders often fell prey to this and their money gone. Here, I will like us to go through every line because part of this learning is to unraveling these fake tokens and teach us proven method on how you can screen new tokens to verify it's legitimacy. To verify if the token is a RUG-PULL/ Honey Pot. Most of these RUGPULL and HONEYPOT tokens often herald the market with state of the art promotion materials like beautiful websites and they often use credible crypto influencers to deceive the unsuspecting public. Oftentimes, crypto traders lose their money to them.

A crypto trader, must look before he leaps by first engage himself on a token analysis before he takes an informed decision to buy a token.
Luckily, there is a tool one will use to identify a genuine token and a RUG-PULL. Interestingly, detecting a good or bad token takes just a few minutes when you apply some parameters with the tools.

I am inviting @xkool24 @uzma4882 @heriadi to participate on this challenge