{"id":329,"date":"2022-11-14T13:27:45","date_gmt":"2022-11-14T13:27:45","guid":{"rendered":"http:\/\/78.47.81.216\/?p=329"},"modified":"2022-12-19T09:44:44","modified_gmt":"2022-12-19T09:44:44","slug":"luna-case-ust-loses-its-peg","status":"publish","type":"post","link":"https:\/\/blog.ag.qubiq.cc\/?p=329","title":{"rendered":"Luna case: UST loses its peg"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2022\/11\/Blog-12.jpeg\" alt=\"\" class=\"wp-image-330\" width=\"600\" height=\"338\" srcset=\"https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/11\/Blog-12.jpeg 1200w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/11\/Blog-12-300x169.jpeg 300w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/11\/Blog-12-1024x576.jpeg 1024w, https:\/\/blog.ag.qubiq.cc\/wp-content\/uploads\/2022\/11\/Blog-12-768x432.jpeg 768w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"800a\"><strong>What happened to one of the most significant projects in crypto?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"92eb\">TerraUSD (UST), a stablecoin that has been designed to have a price of $1, has lost its dollar peg for the second time in three days, falling to as low as $0.65 on Monday, the 9th of May, 2020. The price of LUNA, the native coin of a blockchain for UST, has dropped over 44% to $24 at the same time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"d517\"><strong>How does UST work?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"fbe7\">You can exchange LUNA for UST dollar-to-dollar and vice versa, meaning that if LUNA is at $100, you can redeem it for 100 UST. As a rule, you can take 1 UST for $1 worth of LUNA, even if UST is worth less than $1. If UST is trading at $0.99, arbitrageurs can buy it and redeem it for $1 of LUNA. Traders seeking to profit from arbitrage opportunities regularly swap UST for Luna and back, thus ensuring the price stays close to $1.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"ce77\"><strong>How were the algorithms compromised?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"d36b\">Another stability factor of UST stablecoin is&nbsp;<a href=\"https:\/\/www.app-achnorpratocol.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">Anchor Protocol<\/a>, which offered above-market interest rates of 20% on UST deposits on Terra\u2019s blockchain, while competitors could give only around 0.4%-1%. That created a significant demand for the UST token as well.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"2151\">However, those algorithms and the logic behind them were compromised.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"bf3d\">The founder of Terra Do Kwon has&nbsp;<a href=\"https:\/\/twitter.com\/CaetanoManfrini\/status\/1523145923571814400\" rel=\"noreferrer noopener\" target=\"_blank\">retweeted<\/a>, \u201c<em>today\u2019s attack on Terra-Luna-UST was deliberate and coordinated. Massive 285m UST dump on Curve and Binance by a single player followed by massive shorts on Luna and hundreds of Twitter posts. Pure staging. The project is bothering someone. on the right path!<\/em>\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"b152\"><a href=\"https:\/\/lfg.org\/\" rel=\"noreferrer noopener\" target=\"_blank\">Luna Foundation Guard (LFG)<\/a>, a nonprofit organization aiming to maintain and develop the Terra ecosystem, took over the damage control to mitigate further losses to the maximum extent and bring the stablecoin back to $1. Since the value of LUNA and the UST peg itself have been volatile, yesterday, LFG floated a total of $1.5 billion worth of Bitcoin to add much-needed liquidity to the ecosystem. LFG has also made loans to several trading companies to protect the UST peg. However, it is not known whether Bitcoin can prove to be completely stable support for a UST stablecoin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"0c96\">Terra also exacerbated a more profound market decline by using its Bitcoin reserves to protect the dollar peg. Earlier today, the world\u2019s largest cryptocurrency fell to a new yearly low of $29,731. Other participants in the Terra ecosystem have expressed confidence that UST will restore the peg shortly. Tron founder, Justin Su, tweeted that he was buying UST. This week, Tron also launched a stablecoin based on a similar mechanism called USDD.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"252e\">Jose Mar\u00eda Macedo, a member of the LFG Governing Council, stressed in a conversation with CoinDesk that there would be enough reserve funds to restore a stable UST price. However,&nbsp;<a href=\"https:\/\/twitter.com\/Galois_Capital\/status\/1523589033137422337\" rel=\"noreferrer noopener\" target=\"_blank\">critics<\/a>&nbsp;of the organization believe that it has only \u201cbought another day of time.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"e737\">The day was epic in the crypto world. Let\u2019s see how this one will be turned out.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What happened to one of the most significant projects in crypto? TerraUSD (UST), a stablecoin that has been designed to have a price of $1, has lost its dollar peg for the second time in three days, falling to as low as $0.65 on Monday, the 9th of May, 2020. The price of LUNA, the [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":330,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[56],"authors":[37],"class_list":["post-329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-cryptocurrency","authors-alphaguilty"],"acf":{"reading_time":3},"author-name":"AG Content Manager","suggested-articles":[{"ID":1168,"post_author":"7","post_date":"2023-03-17 17:55:20","post_date_gmt":"2023-03-17 17:55:20","post_content":"<!-- wp:image {\"id\":1169,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/03\/All-you-need-to-know-about-crypto-tax-1024x576.jpg\" alt=\"\" class=\"wp-image-1169\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>In 2023, numerous countries achieved substantial advancements in the regulation of cryptocurrencies and altered their tax policies. Nowadays, interest in digital assets is growing among people outside of just crypto investors, making it important for particular countries to provide legal certainty for the industry. Additionally, there are more and more cryptocurrency transactions every day.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In order for you to become familiar with this subject, we will now outline all the data about taxes in crypto area. This is crucial because many individuals are interested in buying and selling digital assets to gain money, and cryptocurrency transactions may be performed for significant sums.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":1170,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/03\/image-22-1024x682.png\" alt=\"\" class=\"wp-image-1170\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">What kind of taxes are levied on crypto?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Cryptocurrency taxes are now imposed on a variety of activities carried out by companies and people using crypto. It sparks in-depth conversations on more particular concerns including the requirement for a crypto exchange license, crypto taxation, and other crucial subjects. The circumstance is always changing. Following are some&nbsp;rules for taxing crypto:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Taxation on capital gains. You can be liable for such taxes if you sell or trade USD or EUR. By calculating the cost basis\u2014the price paid at the time of purchase is subtracted from the sale price\u2014the gain or loss may be&nbsp;determined. Whether you've owned the asset for a short or long period of time before selling it may affect the tax rate for cryptocurrencies.\n<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Mining. For the purpose of crypto taxation, whenever you obtain digital currency by mining, the worth of it at the moment of receiving is regarded as income. The cost of equipment and energy may potentially be deductible as mining-related expenses.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Coin spending. This implies that, depending on the market worth of the assets at the moment of the purchase, you would have to pay any relevant crypto taxes and disclose the cryptocurrency transactions on your tax return.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Airdrops. It is taxable revenue when you get an airdrop from a project as a part of a marketing campaign or giveaway. \nThe amount received must be reported on a tax return by investors.\n<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li><\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>Thus, it's crucial to be aware that each jurisdiction may have a different approach to cryptocurrency taxes. For this reason, it's essential to seek advice from an expert in the industry or a financial counselor in order to comprehend the implications of cryptocurrency transactions in your country.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Is paying crypto taxes required in your case?\n<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Coins and tokens are therefore regarded as digital assets in the US and are often treated by the IRS in a manner similar to stocks or bonds. Cryptocurrency trades may result in profits that must be taxed as either capital gains or income. Taxes on crypto&nbsp;are also based on many elements, including how they were obtained&nbsp;and how long they were held.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>It's crucial to examine the way you've used your digital asset to ascertain whether you will&nbsp;encounter a&nbsp;tax burden associated with it. Let's examine several scenarios in which&nbsp;investors are free from IRS obligations:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>When you receive coins as a gift, it's commonly not taxable, so you don't have to pay tax on them until you decide to sell them.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>You can be eligible for a charitable deduction on your tax return if you donate digital money directly to a recognized charity or nonprofit organization.\n<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Cryptocurrency transfers made between your personal wallets or accounts are not subject to taxes.\n<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>When you choose to sell assets in the future, you may keep track of your initial cost basis and purchase timestamp to assess any prospective crypto tax repercussions. The staking rewards you receive while you stake ETH and hold ETH2 are often not taxed since the protocol has not yet released them.\n<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>It is not taxable when you buy tokens on a cryptocurrency exchange and retain them. To put it another way, the tax on crypto&nbsp;is often assessed after you sell them and realize the profit or loss.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">How the amount of crypto tax is calculated?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>For instance, crypto&nbsp;is regarded as property in the US, which implies that any profits or losses from cryptocurrency trading are taxable as capital gains. It should be made clear that the&nbsp;rate of such a tax&nbsp;is determined by the payer's&nbsp; level of&nbsp;income and the length of time the currency has been held.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Is there a way the crypto tax calculation procedure may be made simpler? A tool that aids in computing the tax obligations associated with cryptocurrency transactions is the \ncrypto tax calculator.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":1171,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2023\/03\/image-23-1024x682.png\" alt=\"\" class=\"wp-image-1171\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:heading {\"level\":3} -->\n<h3 class=\"wp-block-heading\">Ways to declare crypto on a tax return.<\/h3>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You must notify the IRS of any earnings when you acquire or sell coins. It is simple to collect the essential data for your&nbsp;tax returns thanks to the exchanges that offer reports on&nbsp;transactions that cover all account activity. The process might be more difficult if you have&nbsp;transactions spread across numerous exchanges.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>You may use&nbsp;tax software like CoinTracker or TokenTax to make the procedure of gathering info about your operations&nbsp;simpler. With the help of these&nbsp;apps, you may enter activity from all of your exchanges and produce a report. It's crucial to remember that such software could demand additional expenses. <\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The reporting tax year for digital currency is the same as it is for traditional assets. To prevent penalties, it's crucial to comprehend the tax year in a certain jurisdiction and complete your&nbsp;tax returns on time.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2 class=\"wp-block-heading\">Summarizing the discussion about crypto taxes<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>You might face a fine if you deliberately or negligently disregard crypto tax laws or regulations. Interest will be added to the penalty if it is not paid on time. However, what if you realize that you&nbsp;are unable to pay them at the moment? You might, for instance, ask the IRS for a repayment plan to improve your situation.<\/p>\n<!-- \/wp:paragraph -->","post_title":"How much does crypto get taxed","post_excerpt":"Your guide to cryptocurrency taxes. Explaining Bitcoin and other crypto taxes. Do you have to pay taxes on digital assets? How much tax do you have to pay on the capital gains of cryptocurrencies?","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-much-does-crypto-get-taxed","to_ping":"","pinged":"","post_modified":"2023-05-04 10:51:15","post_modified_gmt":"2023-05-04 10:51:15","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=1168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":697,"post_author":"7","post_date":"2022-12-21 15:39:17","post_date_gmt":"2022-12-21 15:39:17","post_content":"<!-- wp:image {\"id\":700,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2022\/12\/The_best_NFT_roadmap_how_to_create_it_and_why_do_you_need_it_-1024x576.jpg\" alt=\"\" class=\"wp-image-700\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>Nowadays NFTs have become one of the hottest topics on social media platforms, and it is not surprising at all. Now there are quite a few people who believe that it is a waste of money and many enthusiasts see tokens as a profitable investment in the future. The popularity of NFTs has risen particularly sharply in recent months. The rapid rise in the price of rare tokens is fueled not only by great demand but also by a shortage of supply that can be purposefully controlled by the creators themselves. If you want to learn even more about NFTs - check out <a href=\"https:\/\/blog.alphaguilty.io\/ultimate-nft-guide-all-you-need-to-know-about-nft\">this ultimate guide<\/a> to them by our CEO, Mykhailo Sitalo!<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":698,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2022\/12\/image-3.png\" alt=\"\" class=\"wp-image-698\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>That is why every advanced user tries to understand NFTs thoroughly, and it is not a wonder that new projects appear more and more often. Today we're going to talk to you about the NFT roadmap and why it's so useful to your development. This material will be useful both for beginners who only comprehend the basics of the world of crypto and NFT holders. You've probably heard of the NFT roadmap before, and most likely seen it, but just haven't delved into the subject further.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Starting with the main definition<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>In general terms, the NFT roadmap is a file with development for an NFT project. It indicates achievable points, and the main steps with milestones, and gives a clear vision of what needs to be achieved and what needs to be done for that. In simple words, it is a visualization of the strategic development plan of a particular NFT project. Of course, the best NFT roadmap helps develop much faster and easier, because it attracts the attention of investors.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Even though an NFT roadmap is not a mandatory attribute, many teams and creators strive to make one and present it to collectors. And it's all well and good when the NFT roadmap is approached responsibly, but there are also reverse situations when these outlines are deliberately misleading, telling about the bright future of the NFT project when nothing like that is planned. This is why many holders treat the NFT roadmap ambiguously and with a certain amount of skepticism.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>What does the NFT roadmap sample consist of?<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A properly written NFT roadmap is immediately obvious, even to an inexperienced user. It usually contains milestones, marketing, and development plans. It is an ideal tool for investors to decide if your NFT project is worth consideration. Speaking generally, the following points make for a good and clear roadmap for users:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:list -->\n<ul><!-- wp:list-item -->\n<li>Provide clear and achievable targets with release dates. If you give the overall direction of your NFT project one fuzzy phrase, you won't see sales any time soon. Collectors like to see transparent and achievable goals, and it's in your best interest.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Showing possibilities in growth. Ideally, the NFT project should be something special compared to another collection. If you're a creator, don't forget to include in the NFT roadmap information, which shows progress. There should be everything that gives your case depth and added value in the eyes of a potential holder.<\/li>\n<!-- \/wp:list-item -->\n\n<!-- wp:list-item -->\n<li>Availability of rewarding methods. Bonuses, giveaways, and gifts must be used for your purposes and be spelled out in the roadmap. That way community members clearly understand what they receive in return for their cooperation. Be sure to include all the benefits for holders from working with you.<\/li>\n<!-- \/wp:list-item --><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>Also, a proper NFT roadmap should help in building a community (the utility of the project). The community is probably one of the most special utilities to pay attention to. For example, amazing fan clubs have been created around popular collections, showing the power behind these ideas. This allows you to communicate and develop your concepts. This is the utility that is created organically by project participants.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Looking at crypto roadmap ideas<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>A good example here, of course, would be the percentage scheme. In this NFT roadmap, all project stages are executed depending on the performance of the previous ones: the next goal can only be achieved if the desired percentage of sales is achieved. It's better suited for NFT transparency projects that already have a history of success or a cohesive and active audience.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:image {\"id\":699,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-full\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2022\/12\/image-4.png\" alt=\"\" class=\"wp-image-699\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p>There is also a good time-based option. Here you execute your plan according to the schedule, regardless of the project results achieved so far, so it is considered a more reliable variant (especially if you are a beginner).<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As an example of a good NFT roadmap, you can use <a href=\"https:\/\/www.azuki.com\/mindmap\">Azuki<\/a>. this mindmap uses phrases and you can click on them to see the status and more information about how each stage is progressing.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The next great example is <a href=\"https:\/\/rebelrabbits.io\/\">Rebel Rabbits<\/a>. It demonstrates the monthly version broken down into early and late periods to show when to expect releases.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>How to identify a good NFT roadmap<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>Creating a good version by yourself will take a lot of time, so if you are not confident in your abilities, it is better not to waste time and ask a pro. Nevertheless, a good NFT roadmap is immediately evident. Let's say right away that it is very important to use images, icons, and other creative visual elements to make your map more effective and memorable. Also, avoid long and complicated reasoning. Don't forget to be clear and include a warning that the map is subject to change.<\/p>\n<!-- \/wp:paragraph -->","post_title":"NFT roadmap","post_excerpt":"What is an NFT roadmap and how you can make one? Why it can in the development of your NFT project. Is it possible to create it yourself or is it better to turn to a pro? The best roadmap ideas you can use.","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"the-best-nft-roadmap-how-to-create-and-why-you-need-it","to_ping":"","pinged":"","post_modified":"2023-01-13 12:03:12","post_modified_gmt":"2023-01-13 12:03:12","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=697","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":516,"post_author":"7","post_date":"2022-11-18 12:44:48","post_date_gmt":"2022-11-18 12:44:48","post_content":"<!-- wp:image {\"id\":517,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} -->\n<figure class=\"wp-block-image size-large\"><img src=\"http:\/\/78.47.81.216\/wp-content\/uploads\/2022\/11\/blog-6-1024x576.webp\" alt=\"\" class=\"wp-image-517\"\/><\/figure>\n<!-- \/wp:image -->\n\n<!-- wp:paragraph -->\n<p id=\"c08c\">There are two main ways to make money on NFT: mint and sell your own collection, or just purchase the existing one and resell it when the price gets higher. Today, we will explore the second way, which requires less technical skills and better suits beginners.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"5807\"><strong>How to invest in NFTs<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"0459\">In this context, investing in NFTs means purchasing a token or an NFT collection with the aim to resell it later for a higher price.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"bac5\">To start investing in NFTs, you need 3 basic elements: an NFT marketplace, a crypto wallet and some amount of Ethereum. There are many NFT marketplaces: Binance NFT, Rarible, and OpenSea \u2014 the biggest one and the best for start.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"d4b0\">1) Register a new account on OpenSea (or another platform, as you wish).<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"3253\">2) Create a crypto wallet and purchase some ETH: you will need it to pay gas fees.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"4ee4\">3) Link your crypto wallet to your OpenSea account.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"c040\">4) Purchase your first NFT on auction or for a flat fee. Note: the final price on auction may be much higher than the initial price.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"022c\"><strong>Best investing strategies<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"cebb\">If you don\u2019t know how to start, try one of these most popular strategies:<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"d99c\"><strong><em>Invest in NFT digital art<\/em><\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"f4f6\">NFT artworks remain the most widespread tool for digital investments and making money. By investing in NFT digital art, you can sell them to earn profits when their value increases in the future.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"8e9f\"><strong><em>Invest in NFT games<\/em><\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"24e0\">Play-to-earn games are rapidly gaining popularity among both gamers and investors. Gaming NFTs are represented as items such as skins, guns, collectibles, etc, which players are just chasing after. They can be traded on in-game marketplace or outside platforms, and rise in price as the game evolves.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":5} -->\n<h5 id=\"5496\"><strong>Invest in NFT startups<\/strong><\/h5>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"9060\">There are a lot of promising NFTs startups in the crypto market. Most of them have low prices at the start, but have all chances to become to-the-moon projects, and make something revolutionary.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"3798\"><strong>NFTs for investing<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"2cce\">Of course, the best digital assets for investing are well-known and acknowledged collections such as Crypto Punks or Bored Apes. Even Justin Bieber has purchased an Ape\u2026for $1.3 million!<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"810b\">So, the main issue for beginners is a pretty high cost of these NFTs. However, there are thousands of less famous but ambitious collections, which can also be a good investment.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"9415\">Before choosing your first NFT, do some analytics: explore&nbsp;<a href=\"https:\/\/opensea.io\/rankings?sortBy=seven_day_volume\" rel=\"noreferrer noopener\" target=\"_blank\">leaderboards<\/a>&nbsp;of trending collections to find out which performs best, and which attracts the most investors\u2019 attention. Check hashtags of these collections on Twitter to see what other people think about them. Try to find more information about the developers, and if they have already created other successful projects.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"6870\"><strong>Making money on NFTs<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"31f9\">When you have purchased your first NFT, the next thing you need to do is to select the most suitable way of earning profit. Let\u2019s explore some.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":5} -->\n<h5 id=\"d679\">Trading<\/h5>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p id=\"f81f\">NFTs can be treated just like stocks: purchased for a lower price, and then sold more expensively. However, trading may seem risky amidst the ongoing bear market. For this strategy, knowing when to sell is crucial.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"9833\"><strong><em>Renting out<\/em><\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"671c\">Renting out is an effective way to earn money from NFTs without losing ownership. You can just loan your NFT to someone for some time in exchange for money.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"7d95\"><strong><em>Staking<\/em><\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"85ac\">NFT staking is putting your tokens to work on the blockchain for a reward. We have already described this method in one of our&nbsp;<a href=\"https:\/\/medium.com\/@alpha.guilty\/what-is-nft-staking-and-how-to-earn-with-nft-caf6ae2ac39\">previous articles<\/a>.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"a86f\"><strong>Conclusion: Are NFTs a good investment?<\/strong><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"a219\">Although digital assets are often thought of as a risky venture, we can witness how NFTs are conquering the world step by step. They appear in traditional games, in promo campaigns of popular brands, even celebrities create NFTs to hype. Such interest shows that the future of NFT will be very promising and exciting.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p id=\"b4dc\">Today we are in the middle of another bear market, when the prices are low and everything seems hopeless. But each downtrend is followed by a new successful cycle. So, don\u2019t miss your opportunity to catch this train!<\/p>\n<!-- \/wp:paragraph -->","post_title":"NFT Investment: How To Invest In NFT And Earn Money?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"nft-investment-how-to-invest-in-nft-and-earn-money","to_ping":"","pinged":"","post_modified":"2022-12-19 09:36:43","post_modified_gmt":"2022-12-19 09:36:43","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=516","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"likes":"3","lang":"en","translations":{"en":329},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts\/329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=329"}],"version-history":[{"count":4,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts\/329\/revisions"}],"predecessor-version":[{"id":334,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/posts\/329\/revisions\/334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=\/wp\/v2\/media\/330"}],"wp:attachment":[{"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=329"},{"taxonomy":"authors","embeddable":true,"href":"https:\/\/blog.ag.qubiq.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fauthors&post=329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}