October 16, 2021

How User Friendly Terra Luna DeFi Ecosystem is Today?

Terra Luna user friendly
Terra Luna is a collection of fiat stable coins but in the future will strive to become the decentralized finance (DeFi) of tokenize real world assets. One of the projects is Mirror Finance where we can invest in tokenized stocks freely, fast, and cheap with full ownership. However, how user friendly is Terra Luna DeFi ecosystem today? Let us take a look.

Mobile Wallets Started to Emerge

Math Wallet
Unfortunately at the time of this writing, there is only two mobile multiple cryptocurrency wallet that supports Terra Luna and its decentralized applications (DAPP) and they are Math Wallet and Coin98. Other than that, the only other wallet to access Terra Luna DeFi ecosystem is its native Terra Station browser extension and mobile wallet. Not even Trust Wallet and Safepal supports Terra Luna assets and certainly not Metamask because it is not a fork of Ethereum. However still, the existing wallets are user friendly enough for users to enjoy the Terra Luna DeFi ecosystem.

Main Network and Smart Chain are on Same Network

Kucoin Deposit Terra Luna
Many DeFi ecosystems decided to run a separate smart chain for their DeFi such as Binance Smart Chain, Polygon, and Avalanche C-Chain. However like Solana, Terra Luna decided to build on the same chain where no need to set up a new smart chain network and cross chain. Therefore, deposit and withdrawal in exchanges are just as simple as vanilla sending and receiving. The top 2 global cryptocurrency exchanges Binance and Kucoin supports Terra Luna but as long as there is Terra Luna in the exchages, they definitely support DeFi deposit and withdrawal where we can even get Terra Luna in crypto.com exchange. One of my local exchange Tokocrypto also supports direct deposit and withdrawal.

Portfolio Generator or Tracker for Terra Luna

Extraterrestrial Finder
Among all the multichain portfolio tracker I know, only Ape Board supports Terra Luna. I found two native ones called TeFi and Extraterrestrial Finder. I prefer https://apeboard.finance/dashboard/terra1d9q9md249hrlwyq6sqvpt7mxmvyfkj8ukn0qlc and https://finder.extraterrestrial.money/columbus-5/address/terra1d9q9md249hrlwyq6sqvpt7mxmvyfkj8ukn0qlc because I can share my portfolio through hyperlinks.

Trading View for Terra Luna

Coin Hall Terra
I was very fortunate to find Coin Hall that supports trading tools for Terra Luna assets including drawing technical analysis and technical indicators. Not even DEX Guru and Chartex support Terra Luna assets yet. I have tried Googling and no luck but then I stumbled upon Twitter and finally found it. Finally, leave a comment if you know more similar DAPPs.

Mirrors

October 13, 2021

How User Friendly Solana DeFi Ecosystem is Today?

Solana user friendly
Many users probably already know that Solana is one of the fastest smart contract platform there is where during its live main net in early 2020, it was able to run 50 thousands smart contracts per second. Therefore, it is very fast and cheap. However, how user friendly is Solana DeFi ecosystem today? Let us take a look.

Many Mobile Wallets Supports Solana DeFi

Safepal Solana
Other than the main Solana wallets Sollet, Phantom, Solflare, Solong, and Slope, other multicryptocurrency mobile wallets also supports Solana such as Safepal, Math Wallet, Coin98, Bitpie, and blocto. Although Trust Wallet supports Solana assets but decentralized app (DAPP) browser is not yet released to expore decentralized finance (DeFi). For now Metamask does not support Solana because it is not a fork of Ethereum.

Main Network and Smart Chain are on Same Network

STEX Solana
Many DeFi ecosystems are not a fork of Ethereum but they decided to run a separate smart chain for their DeFi called Ethereum Virtual Machine (EVM) compatible such as Binance Smart Chain, Polygon, and Avalanche C-Chain. However, Solana decided to build on their same main network where no need to set up a new smart chain network, cross chain, bridge, etc. Therefore, deposit and withdrawal in exchanges are just as simple as vanilla sending and receiving. Sure the top 2 global cryptocurrency exchanges Binance and Kucoin supports Solana but as long as there is Solana in the exchages, they definitely support DeFi deposit and withdrawal where you can even deposit and withdraw on Stex. One of my local exchange Tokocrypto supports direct deposit and withdrawal as well.

Portfolio Generator or Tracker for Solana

Sonar Watch Solana
Portfolio DAPP for Solana is still quite few. Among all the multichain portfolio tracker I know, only Ape Board began to support Solana, but no need to worry because there are native portfolio platforms for Solana. The first one is Step Finance and the second one is Sonar Watch. I prefer the second one because I can share my portfolio just by sharing a link https://sonar.watch/dashboard/FNY6aisHK3MKf2MosbtN4BmfWDx8MF96aWTzJFFnPPYy.

Trading View for Solana Assets

DEXLAB Solana
Unfortunately DEX Guru and Chartex have not support trading tools for Solana assets yet, but good thing there is a native trading view platform for Solana called DEXLAB. It supports drawing technical analysis and technical indicators just like Trading View. There are more feature such as order book, minting lab, and initial DEX offering (IDO). It also have its own token called DXL.

Mirrors

October 7, 2021

How User Friendly Polygon (Matic) DeFi Ecosystem is Today?

Polygon user friendly
While Avalanche C-Chain used to be complicated, the Polygon (Matic) network used to be initially expensive. Actually it is not the Polygon network that is expensive but the Ethereum network where we used to have to bridge the assets ourselves using Plasma Bridge from Etherum to Matic network with average cost through out the year is $50 per transaction. However, Polygon today is cheap and simple just like Binance Smart Chain.

Many Mobile Wallets Automatically Support Polygon Network

Metamask Matic
I will repeat this writing many times that Metamask remains the prefered wallet for experienced users but not for beginner and potentially new users because the requirement of setup the network manually. Users have to find the network configuration information on the web and explore the advanced feature of adding custom network on Metamask. From my experience, users who are less literate in computers are too lazy to figure this out which results in the lost of potential customers on the decentralized finance (DeFi) ecosystem.
Coinbase Wallet Matic
The DeFi networks should automatically be available where users should only need to switch back and forth. Polygon network being supported on Trust Wallet Mobile was one of the initial steps for attracting more users. Today, Polygon network is supported on many wallets such as Coinbase Wallet and Safepal.

Many Exchanges Support Polygon Network Deposit and Withdrawal

crypto.com exchange
It is a give that deposit and withdrawal to Polygon network is supported on the top 2 global cryptocurrency exchanges Binance and Kucoin. One of my local exchange Tokocrypto supports direct deposit and withdrawal as well. Here is another one that unexpectedly supports Polygon network, crypto.com exchange.

Portfolio Generator or Tracker that Supports Polygon Network

Zapper Fi Portfolio Farming
As we trade many assets and farm in many places, we need to keep track of them and generate a portfolio. Everything in the open cryptocurrency is actually open and transparent but only recently developers created tools to describe the information into a beautiful portfolio. Of them all that impresses me the most are portfolios that can be shared just by sharing a link where here are examples of my portfolio from https://debank.com/profile/0x9cbd20f35e039499fbe203c69c834d35b538c5c0, http://apeboard.finance/dashboard/0x9cbd20f35e039499fbe203c69c834d35b538c5c0, https://zapper.fi/account/0x9cbd20f35e039499fbe203c69c834d35b538c5c0, and there is also APY Vision but needs to hold its token to use.

Trading View for Polygon Assets

Quick Chart
Today even DEX Guru and Chartex supports trading tools for Polygon assets. Before those, the first trading tool for Polygon assets is Quick Chart solely dedicated for the Matic network. From its social media may seem that currently only consists a few developers or even one man army but because of that I think is a good chance to invest before it grows big just like Yeti Swap where back then was only like 10 chats a day in its Telegram group, and now is over 200 chats daily which ofcourse I am in massive profit. Other than it already have a working product which is trading view for Polygon assets, Quick Chart seems to be heading to similar direction to Poo Coin App where holding the token / subscribing will receive benefits of no ads, make advertisements on their page, and access to exclusive information. There is another one called Polysafu but their Twitter seemed to be inactive since June 2021.

Mirrors

October 5, 2021

How User Friendly Binance Smart Chain DeFi Ecosystem is Today?

BSC user friendly
Previously, I wrote about how Avalanche C-Chain became as user friendly as other decentralized finance (DeFi) ecosystem. At the start of the DeFi craze in 2021, why do users prefer Binance Smart Chain (BSC) as an alternative to expensive Ethereum while there are other chains either older or newer? While the previous article was closer to a guide and a news, this article is more like a story.

Mobile Wallets Should Automatically Supports BSC

Trust Wallet BSC
My career have been in computers and thus my co-workers often uses computers. As I fell in love with cryptocurrency, at least I have to introduce more people to the crypto space. There are less problems introducing the to my co-workers, but was not as easy to introduce to my other peers. One of the main reason was they are lazy to use computers. Unless it is on mobile, they will not consider. Therefore, it is essential for DeFi to be accessible through mobile.
Metamask BSC
For early DeFi users, Metamask was the main wallet, but for new users on mobile, they do not prefer Metamask. I have friend outside of computers who enjoyed DeFi but only BSC and the reason was because it is automatically available in Trust Wallet. I invited that friend to Polygon, Avalanche, and Harmony but was too lazy to create a new wallet or import to Metamask and add the networks manually.

Exchanges Should Support BEP-20 Direct Deposit and Withdrawal

BEP-20 Withdrawal
In the past, we can only withdraw Polygon to Ethereum (ETH) chain and have to pay a high gas fee to cross chain to Polygon chain through Plasma Bridge. Avalanche C-Chain used to be more unpleasant where not only we have to cross but only one wallet works which is the web wallet and therefore needing extra effort to import and export wallets. For pleasant experience, the withdrawal process should be like Ethereum, simply withdraw with one button which is what Binance provided when it released its BEP-20 Binance Smart Chain (BSC). Both of my local exchanges Tokocrypto and Indodax also supported BSC. Currently Binance is facing regulatory issues and if you are against KYC then you can try Kucoin.
BEP-20 Deposit
The same applies to deposit. Back then in Polygon, we have to cross chain from Polygon to Ethereum and pay high fees when depositing to exchanges. Also back then in Avalanche C-Chain, we have to open a separate web wallet to cross chain to main net before depositing to exchanges. Like BSC and ETH, depositing should be as simple clicking one button.

Portfolio Generator or Tracker is My Favorite Feature

JDI Yield Portfolio Farming
Being able to trade and farm without complicated bureaucracy like know your customer (KYC) verification and permission attracted me to DeFi which truly represents the spirit of the free market. However, what currently impressed me the most the portfolio generator especially those that can be shared or shown to others which truly demonstrates the transparency of cryptocurrency to the public. The first portfolio generator released on BSC was Yield Watch which have the best and simple interface however the least supported farms among them all so use this if you do not farm much. For those who farms of dozens of platforms, JDI Yield is best. Finally still, the only platform I know that allows portfolio sharing is Ape Board, for example here I can share to you my BSC portfolio: https://apeboard.finance/dashboard/0xD9c6F048c08bCb24190C0FDE5BbC622f51F83469.

Trading View for BSC Assets

JDI DEX Guru
Like boys will be boys, traders will be traders. I saw many comments about "who the f**k is selling!" and the replies were "traders just got to trade". Without trading tools, traders will be discouraged to enter. The first trading tool for BSC I found is Poo Coin which also have many other services other than a chart generator but for trading tools, it only supports indicators and cannot draw any technical analysis. Then, I found DEX Guru with almost complete trading tools facility like Trading View. If you cannot find your token, find its contract and paste it.

Mirrors

September 25, 2021

Now Avalanche C-Chain is as User Friendly as Other DeFi Ecosystem

AVAX C-Chain Before After
In the past accessing decentralized finance (DeFi) in Avalanche C-Chain was very complicated for inexperienced users. First, there are no direct withdrawals to Avalanche (AVAX) C-Chain. Second, the wallet that was directed by most website was a web wallet which feels insecure because we must input our pass phrase or private keys every few minutes if we are idle. Third, the first time I was confused to which chain I need to cross to because there was C-Chain and X-Chain. Fourth, inexperienced users may not know the next steps which is importing the wallet to Metamask and afterwards add Avalanche C-Chain through custom network. Fifth when we want to transfer to exchanges, we must cross chain again from C-Chain to main chain through the web wallet. Today, the process is no longer that complicated which is just as user friendly as other popular DeFi chains. The level of user friendly here is everything accessible from the smartphone as many people nowadays may not have a personal computer (PC) but have a smartphone.

More Wallets Supports AVAX C-Chain

Metamask Custom RPC
While literate users mostly use Metamask whether on PC and smartphones, other users only uses simpler mobile application. During the first non-fungible token (NFT) and previous DeFi hype, the most prefered ecosystem is Binance Smart Chain (BSC). Back then I told my friends that I am also into other DeFi chains such as Polygon, Avalanche, and Harmony, but non of them are interested. The reason was because they have to add the network manually where just thinking about it was already complicated for them. There are even others who are too lazy to try Metamask and even today they only stick to BSC.
Trust Wallet Chains
However this week at the time of writing this article, Trust Wallet supports Avalanche C-Chain. In Trust Wallet, the Avalanche C-Chain network is added automatically where all we need to do is choose the network. Although, it does not support adding custom network like Metamask. What other wallets do you use? Leave a comment below.

Exchanges Begin to Support AVAX C-Chain Direct Deposit and Withdrawal

Binance AVAX C-Chain Deposit
Let me repeat that in past we have to cross chain from AVAX C-Chain to Main Chain before we can deposit to exchanges for cashing out / fiat withdrawal to banks and local digital wallet, trading, or enjoy other services. Today, direct C-Chain deposit and withdrawal are beginning to be supported on exchanges. This includes the most popular crypto exchange in the world Binance. In short, the simplified process will encourage more users to try DeFi on Avalanche.
Binance AVAX C-Chain Withdrawal
Before Binance that supports AVAX C-Chain was Kucoin which was good enough because Kucoin does not require know your customer (KYC) verification for small withdrawals where users can buy small amount of AVAX C-Chain there to just try Avalanche DeFi ecosystem. Earlier than Kucoin was Gate.io but requires KYC where I was too tired to do back then and decided not to use the exchange. Leave a comment below if you know more exchanges that supports C-Chain direct deposit and withdrawal.

More Avalanche DeFi Wallet Portfolio Generator or Tracker

DeBank Portfolio Farming
There are now applications or websites that can shows our assets and where they are used in a form of a beautiful portfolio. If I am not wrong, the earliest portfolio tracker for Avalanche is Markr. Later on DeBank and Ape Board also support Avalanche portfolio tracking but they are more to multi chain portfolio tracking while Markr I see is dedicated to Avalanche ecosystem where not only for portfolio tracking but shows status and trending projects on the ecosystem. Before I knew Markr, I only knew 3 projects in Avalanche DeFi, they are Pangolin DEX the first decentralized exchange (DEX) with yield farming on the ecosystem, Snow Ball Finance holds collection of stable coins, and Yeti Swap NFT Market Place. All of them are great applications, use the ones you like best. Leave a comment below if you know any great projects on Avalanche.
Mark Portfolio Summary
Although for user friendliness, this feature is not as urgent as simpler wallets and exchanges but this is very significant. First, users who are very active and diversified need a portfolio feature because their activities will be too much for them to track manually such as the assets they are trading, the place they are farming, the place they are subscribing to, and etc. Second, this feature demonstrate very well the transparency of not only DeFi but cryptocurrency as a whole and the best of the applications among them are application that can conveniently share portfolios to other users. For example, I can share to you my real time Avalanche DeFi Portfolio by sharing you this link https://markr.io/#/wallet?address=0xCf354A0012160bC5dAe441C49f0B2d7E4A4fFC96. To generate your own link, go to markr.io or any other application, input your wallet address, and your browser will generate a hyperlink, or for markr.io, add your wallet address at the end of the hyperlink https://markr.io/#/wallet?address=. For example, the hyperlink is https://markr.io/#/wallet?address= and my wallet address is 0xCf354A0012160bC5dAe441C49f0B2d7E4A4fFC96. Therefore, https://markr.io/#/wallet?address= + 0xCf354A0012160bC5dAe441C49f0B2d7E4A4fFC96 = https://markr.io/#/wallet?address=0xCf354A0012160bC5dAe441C49f0B2d7E4A4fFC96. Do you know any other portforlio tracker on Avalanche?

Trading View for Avalanche Assets

YTS DEX Guru
Fact remains that there are many traders and speculators within the cryptocurrency market which is true for any financial market including foreign exchange (Forex) and Stocks. Without trading tools and interfaces, traders will be discouraged to enter the market. I recently became a trader myself and feels empty if there are no candle stick charts with different time frames, if I cannot draw lines and objects such Fibonnaci tools, and if there are no technical indicators. Good thing that Chartex supported trading tools and interfaces for Avalanche DeFi ecosystem and recently DEX Guru as well. For example, here are links to trading charts of Pangolin https://dex.guru/token/0x60781c2586d68229fde47564546784ab3faca982-avalanche, Snow Ball https://dex.guru/token/0xc38f41a296a4493ff429f1238e030924a1542e50-avalanche, and Yeti Swap https://dex.guru/token/0x488f73cddda1de3664775ffd91623637383d6404-avalanche. What are you trading today on Avalanche C-Chain?

Mirrors

September 18, 2021

Create Cryptocurrency Token in Almost Any DeFi Ecosystem Without Programming

cryptocurrency token creation
I will straightly write that we can issue our own tokens on Ethereum and other related ecosystem without the need to absolutely know anything about programming. Although it can be tiring for people who are less literate in computers but all we need to do is follow existing guides thoroughly. After having the minimal of running computer connected to the Internet is to proceed on these steps:

General Steps

Generally, there are 3 steps, but each steps contains many sub steps and infinitely expandable.

1. Install DeFi Wallet

Metamask Download Install
Install Metamask browser extension and fill it with native coins such as Ethereum, Binance Smart Chain, Polygon, Avalanche, Solana, etc. Some ecosystem does not yet support Metamask that needs to install their own wallet such as Tron and Neo. Anyway, get used to using decentralized finance (DeFi) such as trading on decentralized exchanges (DEX) like Uniswap, farming on Sushiswap, add other remote procedure call (RPC) in Metamask or other custome network and try DeFi applications (Dapp) in other chains.

2. Grab and Modify a Custom Token Generator Source Code

Smart Contract Source Code
If our goal is only to mint a token, then we do not need to learn Solidity or other programming yet. Just grab a source code and modify few lines where today the source code from Open Zeppelin is recommended. Usually we modify the lines that controls the variables of (1) Token Name, (2) Symbol, (3) Decimals, and (4) Total Supply or the current easiest way is to use the Open Zeppelin Contract Wizard.

3. Compile and Deploy Smart Contract using an IDE

Remix IDE
Remix Integrated Development Environment (IDE) may not be the choice for advance development but for just simply issuing a token, it is the best choice where normally we need to run our own node or connect to other nodes but Remix IDE did it for us. Another IDE to practice and save our Solidity programming is ETH Fiddle. (1) In the menu section, go to file explorer, create .sol extension file, and input the source code, and leave it open. (2) Go to compiler menu and set the compiler mostly it is Solidity but change the version suitable for the source code which can be found on the first line. (3) Go to deploy and run transaction menu where if using Metamask, then set the environment to injected web3 and choose the source code file in the contract selector, and finally compile and deploy.

4. For Other Ecosystems

Metamask Custom Network
For as long as the ecosystem is Ethereum Virtual Machine (EVM) compatible such as Binance Smart Chain, Polygon, Avalanche, Harmony One, Wan Chain, Energi, Tomo Chain, and XDAI, the same smart contract can be reused. In other words, just repeat the previous steps but change the custom network or RPC of the Metamask. Don't forget that there are test networks for testing before actually deploying because the cost for deploying on Ethereum can be very expensive. Although on other ecosystems are cheap where for simple programmers like us to just use the main network straight away but test network still exists for serious developers. Otherwise if the ecosystem is not EVM compatible, then there is no choice but to go through their documentations and follow their official guide.

Reference to Ecosystem Specific Tutorials

The purpose of this article is to generalize the steps of token issuance of many different ecosystem as written above and list the hyperlinks to those guide below for myself to revisit in the future:

Mirrors

September 12, 2021

My Blogger Income August 2021 A New Daily Routine

Content Creation

Blogs

Videos

  • LBRY: LBC 26.84 ≈ $1

Images

Personal Monetization

Common Tasks

Browsing

Cointiply

  • Survey, faucet, etc.: $0

Referrals

Currently the quantity is too much to handle when the value I earned is not much. So I may report this on a separate article.

August 2021 Income ≈ $35

Grade: E

Personal Comments

This month I started a new daily routine. The first one is continuing a daily social media post on short descriptions of cryptocurrency coins and tokens on Torum and Noise.Cash. The second one is practicing my technical analysis and uploading them to my Youtube channel. I did technical analysis on monthly charts on major and minor foreign exchange pairs and will continue analyzing monthly charts because I do not have time for daily trading that I still have some contents to make and blogs to write. The third is daily sharing my blog posts on my other social medias.

I decided to stop forcing myself from writing at least one article a day which hit my limit and made me stressed out. Instead, I decided to start web3 programming early and start building my own decentralized finance (DeFi) application. Although I still have some of my muscles because exercise at least once a day, I am not fit and I decided to enjoy life and exercise more starting this month. Finally, the small daily social media posts and technical analysis is enough for now to keep me productive.

Donation

Personally, I enjoyed being a full time independent content creator very much and I once again thank the platforms, investors, donators, and viewers for making my venture possible through donations, tippings, and upvotes. If you enjoy and/or want to further support my work you may choose more form of donation:

qr donation
Bitcoin bc1q6hg4lllxthryke7zhxflcdrcm0nr8ph7antxk9, Ethereum 0x3D4c67A2A40bC24ec53ab767b9247c02A2250BCB, Litecoin ltc1qqxl8dng0swv7zuhe30y5kzwht3l25krfaqzu2k, XRP r9rwEdZBWFRbsGzwG5gm1MjDoyBKWLPyx5, Bitcoin Cash qpd74d52rxpt3w70qv555ccq0254j7dhtg2mxst0dc, Binance Chain bnb10hdlv95jyjn92j2l6um6gkmc96a6g57lnezd66, Monero 43V43g1UC9AdgjmjJZPQRxCotyi9VTb8jbYisw2cSqEjbuvp9Y, paypal.me/fajarpurnama.
Animation Source Code

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