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

Mirror

September 1, 2021

Kesalahpahaman tentang Minimum 1 Lot dan Investasi dan Trading Itu Mahal

time changes in trading and investing

Saya telah mulai secara aktif mengundang orang untuk tidak hanya dalam mata uang kripto tetapi juga bentuk perdagangan dan investasi lainnya. Pengalaman saya dengan Generasi Z dan rekan-rekan Milenial saya adalah bahwa mereka sangat semangat untuk mencoba. Jika mereka tidak mau mencoba, antara mereka tidak punya uang, atau mereka benar-benar tidak tertarik, dan alasan tersebut itu umum yang boleh dibilang oleh siapa saja. Namun, pengalaman saya dengan generasi yang lebih tua, baby boomer dan di atasnya adalah bahwa mereka memiliki kesalahpahaman. Benar bahwa ada orang-orang seperti Warren Buffet yang tidak percaya pada masa depan mata uang kripto karena mereka percaya bahwa itu tidak memiliki aset dasar dll tetapi ini bukan kesalahpahaman yang saya bicarakan. Ada beberapa yang percaya pada masa depannya, dan banyak yang tidak peduli tetapi berpikiran terbuka tetapi mereka takut untuk terjun tidak hanya ke mata uang kripto tetapi juga semua bentuk perdagangan dan investasi lainnya.

Kesalahpahaman tentang Minimum Transaksi

Dulu, banyak broker mengharuskan kita untuk membeli minimal 1 Lot (perdagangan sekuritas), tapi apa itu 1 Lot?

  • 1 Bitcoin utuh saat ini $5000.
  • Obligasi, 1 Lot = dari $1000 hingga $5000.
  • Valuta Asing (Valas), 1 Lot = $100000.
  • Saham, 1 Lot = 100 Saham
  • Emas dan Palladium, 1 Lot = 100 troy ounce.
  • Perak, 1 Lot = 5000 troy ons.
  • Gandum, Jagung, dan Kedelai, 1 Lot = 5000 gantang.
  • Sapi hidup dan babi kurus, 1 Lot = 40000 pon.
  • Minyak Mentah, 1 Lot = 1000 barel.
  • Minyak pemanas dan bensin tanpa timbal, 1 Lot = 42000 galon.

Jika 1 Lot benar-benar minimum, maka membeli saham Apple membutuhkan minimal $14860 (Rp 211 314 401) karena harganya $148,6 per saham dan 1 Lot = 100 lembar = $148,6 * 100 = $14860. Saya pernah didekati oleh seorang salesman broker untuk berinvestasi di General Motors Company (GM) dan saya pikir saya hanya membutuhkan $50 tetapi kemudian mereka mengatakan bahwa minimumnya adalah $5000 ( yang membuat saya sangat terkejut. Ternyata minimal investasi mereka adalah 1 Lot yaitu 100 lembar saham. $5000 (Rp 711 017 50) mungkin kecil untuk negara maju tetapi ketahuilah bahwa di negara berkembang, gaji rata-rata adalah Rp 3 juta per bulan yang membutuhkan waktu lebih dari 2 tahun untuk mendapatkan Rp 700 jutaan.

Jumlah minimum untuk membeli saham lokal di negara saya juga 1 Lot yaitu 100 lembar. Namun harga saham di Indonesia tidak semahal di Amerika Serikat (AS) dimana salah satu saham yang mahal adalah Gudang Garam Tbk (GGRM), sebuah perusahaan rokok dengan saham Rp 31975 ($2.23) dan 1 Lot membutuhkan Rp 31975 * 100 = Rp 3 197 500. Saham yang saya beli rata-rata seharga Rp 50 per lembar (¢0,35) dimana 1 Lot hanya Rp 5000. Rata-rata Lot untuk Obligasi sangat mirip dengan sertifikat deposito di negara saya di mana minimal Rp 10 juta.

Dengan pengetahuan masa lalu di atas, generasi yang lebih tua memiliki kesalahpahaman tentang perlunya membeli seluruh Bitcoin. Pertama kali saya menunjukkan harga kepada mereka, tanggapan langsung mereka adalah "wih Rp 700 juta, itu sangat mahal, saya tidak punya Rp 700 juta" diikuti oleh "rekan-rekan saya berinvestasi di saham dan kehilangan rumah mereka". Ketakutan masa lalu telah mencegah mereka untuk mengenal mata uang kripto dan perdagangan serta investasi lainnya.

Namun, waktu berubah, saya mencoba berdagang valas dan saya dapat berdagang 0,01 Lot di mana masih, $100000/100=$1000 itu mahal tetapi ada Opsi di mana saya hanya dapat menggunakan $10 tetapi tentu saja berisiko likuidasi jika saya salah berdagang. Sekarang ada reksa dana bagi siapa saja untuk mulai berinvestasi hanya dengan minimal Rp 10 ribu dan dapat meminta penarikan kapan saja tidak seperti sertifikat deposito dengan kunci berbulan-bulan.

Benar bahwa berinvestasi di obligasi pemerintah dapat mengunci dana kita selama lebih dari satu tahun, tetapi jumlah minimum di negara saya telah sangat menurun yaitu hanya Rp 1 juta.

Sekarang untuk Bitcoin, kita dapat membeli sedikitnya Rp 100 ribu di mana faktanya kita dapat membeli sebagian kecil dari mata uang kripto apa pun, tetapi tetap saja, ada batasan yang disebabkan oleh:

  • Biaya transaksi dan/atau perdagangan.
  • Setelan desimal di setiap mata uang kripto di mana jika desimal adalah 1 maka minimumnya adalah 0,1 dan perhatikan bahwa sebagian besar mata uang kripto memiliki pengaturan desimal 18.
  • Beberapa mata uang kripto memungut pajak.
  • Mungkin mada ada banyak faktor lain yang belum saya ketahui.

Berdagang emas tidak hanya kita dapat membeli secara fisik tetapi ada penyedia yang memungkinkan kita untuk membeli secara digital dan dalam pecahan juga di mana kita dapat memulai hanya dengan Rp 100 perak. Caranya lebih seperti cicilan dimana jika investasi kita mencapai 1 gram, kita bisa mengklaim emas secara fisik. Tetapi option trading dalam aplikasi forex berbeda dimana minimumnya adalah 0,01 Lot untuk trading emas.

Kesalahpahaman Setoran Minimum

Seperti salesman yang mendekati saya membutuhkan minimal 1 Lot yaitu $5000 untuk berinvestasi di motor umum, broker, perdagangan, dan perusahaan investasi saat itu mungkin memerlukan deposit minimal tidak kurang dari jumlah sertifikat deposito yaitu Rp 10 juta. Rp 10 juta di negara berkembang adalah uang yang banyak dimana harus diulang lagi bahwa gaji rata-rata adalah Rp 3 juta per bulan yang belum termasuk biaya hidup. Perdagangan dan investasi adalah permainan orang kaya pada masa kecil saya.

Namun di usia ini, berbeda. Setoran minimum perusahaan modern hanya dibatasi oleh jumlah minimum transfer bank rekening bisnis yaitu Rp 50 ribu sekitar $3,5 di negara saya. Hari ini, hanya minimal Rp 50 ribu tidak hanya di bursa mata uang kripto tetapi juga di banyak reksa dana seperti Bibit dan sekuritas saham seperti di Ajaib. Selain setoran minimum, faktor berikutnya yang membatasi jumlah minimum investasi adalah jumlah minimum perdagangan. Jumlahnya berbeda untuk setiap aset, di Tokocrypto, saya menemukan bahwa minimum untuk berdagang Bitcoin adalah Rp 20 ribu sekitar $1,4, dan Indodax Rp 10 ribu. Oleh karena itu, investasi minimum di sana adalah Rp 50 ribu karena itu adalah jumlah minimum untuk disetor.

Mirrors