In this Beginners Fast Track Course we will cover the basics to getting started with gaining access to the Crypto Space, investing in cryptos, Facilitating your own transactions, reading technical analysis from charts and becoming your own bank.
Total Length of Course – 2 1/2 Hours
- Intro to Coinbase – 16:40
- Coin Market CAP – 13:55
- Withdraw & Deposits in Crypto Exchanges – 22:38
- Converting ETH to an Alt Coin – 8:38
- Atomic Wallet & EtherScan – 15:25
- EtherScan Deep Dive – 12:05
- Trading View Chart Reading Basics – 53:06
The different types of cryptos
- Currencies – These are tokens that serve a financial monetary use case for making financial transactions or bridging the gap with cross border payment systems such as XRP or XLM.
- Utilities – These are tokens that serve a Corporate use-case for business transactions or they will have a use case that helps in some form or fashion with security, broadband or increase efficiency for business tasks. Examples of Utility tokens would be cryptos such as Digibyte or Theta.
- Stable Coins – These are cryptos that are pegged to a countries currency or are stable in nature so the price does not fluctuate in price like the rest of the market does. An example would the USDC token. This is the US Digitial Coin and is pegged to 1:1 with the US dollar meaning 1 USDC = 1 US dollar.
- Defi – This stands for Decentralized Finance, these are tokens that have monetary use case but are not acting as a utility. They serve the purpose of providing liquidity to markets, banks etc. through lending pools. It is projected that the De-fi space will help provide liquidity for the entire Derivatives market globally which is around 562 Trillion dollars being exchanged daily through derivative swaps and lending pools in traditional markets.
- NFT – Non-Fungeable Token. These are tokens with no monetary use case. They have no monetary value, however, they do include smart contracts which can be programmed into the token to execute functions on the Ethereum Blockchain. The EVM or Ethereum Virtual Machine can execute the codes functions to create binding legal contracts that show proof of ownership digitally. This can represent anything of physical value such as Real Estate property, clothing apparel, or anything that has physical properties.
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