DeFi Mining Wallet, New City, NY (2026)

01/01/2022

What is the principle of Smart Inu node mine?
Before understanding the principle of the node mine, let's first understand the principle of making money in banks and WeChat!

How the bank makes money
One of the 100 people is called a bank, and the other 99 people are ordinary people. Today you deposit 10,000 yuan in the bank, and the bank gives you 100 yuan in interest a year, and then the bank lends out to the business owner, and the business owner every year Give the bank 800 yuan in interest. It seems that the bank has made 700 yuan as a middleman. In fact, the bank earns compound interest cash flow, because it doesn’t matter whether the business owner uses the loan of 10,000 yuan to eat, massage or pay wages. Employees, the 10,000 yuan eventually flowed to the bank, and then the bank continued to lend out. Repeated calculations. According to the statistics of finance, the 10,000 yuan you have in the bank can create a market circulation of 500,000 for the bank. Funds, and the other 99 people can only earn 100 yuan in income, which is equivalent to 99 people working for the bank alone, and every inter-bank transfer and bank card fees are a lot of income!

The same goes for WeChat
There will always be people’s change in WeChat. WeChat does not need to pay users interest, and users do not need to pay card fees to WeChat. Apart from this, WeChat users need to pay a WeChat payment fee every time they withdraw cash. This fee is just not Small income, and in addition to handling fees, every penny you keep in WeChat is actually book income, and WeChat takes the money to the bank and buys a wealth management product with a one-year interest rate of more than 10%, so see It’s like WeChat is free, but WeChat makes a lot of money using financial leverage

Whether it’s a bank or WeChat, they are equivalent to a pool of funds. Someone will always deposit money in, and someone will always take money out, so no matter they take the user’s deposit to make any investment, you never need to worry about your money missing, unless Bank or WeChat broke!

The principle of making money for Smart Inu node mines is the same:
①. Node mines outsource major mines around the world to cooperative wallet platforms

②. Major wallets use user deposits to operate overseas mines, but the amount of balance on your account will not decrease

③. The major platforms return 80% of the profits earned by mining to all users

④. It is equivalent to buying a stock of a listed company, and the listed company takes your money to run the company. After the company makes money, it will give you dividends on the shares, but you can sell it at any time if you want to sell the stock and cash out. Smart Inu The same logic applies to node mines

⑤. It is easy to understand that it is to help cooperative wallet platforms to pull deposits. Just like the activities of banks in the past, deposits and oil are the same reason, but why the bank deposit interest rate is so low, and the currency circle deposit income is so high? ?

⑥. Because the bank is a state-owned enterprise, if the bank's interest rate is too high, it will disrupt the entire financial market, and if it touches the legal red line, it will become a usury, knowing the law and breaking the law!

⑦. The reason why Smart Inu node mines bring such high benefits to users is mainly due to two points: first, because mining is currently the hottest and most trending project in all industries, and second, because of blocks The chain industry is decentralized, not controlled by any country, and will not have any legal responsibility!

⑧. The reason why the country has severely cracked down on the mining industry is because there is no law that clearly stipulates that mining is illegal, but the high income of mining has affected the overall economic income of the bank and the country, and disrupted the financial order of the bank’s monopoly of the people , So this is the reason why banks are cracking down on mining, and overseas mining is not within the scope of national control, so the Smart Inu node mine must be a huge outlet!

9. Why can't directly deposit money on the platform have such a high interest, but can register through the Smart Inu node mine to join the mining plan to obtain such a high income?

First: because if anyone deposits money in the wallet, giving such a high interest rate will disrupt the entire financial system market

Second: because if the major wallet official platforms directly publish official news, you can get 10% interest on deposits, which will trigger vicious competition among all wallets in the market!

Third: Major companies invest their funds in real mining farms, instead of using users' money to play the so-called financial leverage, so this can make all users' income more stable and generous!

12/07/2021

The right posture to play with Defi quotes
Defi fever is there for all to see, the general assembly and small meetings, large and small, are talking about Defi, after all, the function of the financial giant moved to the chain by way of the agreement, there are endless stories to tell. Of course the capital market is the least short of stories, the song sings well, other people's stories, just listen to them and make your own decisions. As investors, what we care about is how to make money from others through the process of story arbitrage and ride the wind.

12/05/2021

V. DeFi Exchange DEX and Derivatives
In the classical coin world, exchanges are the most profitable, with Firecoin, Coinan and OK being the head three. But they have many drawbacks. One is that all coins are placed on the exchange, which can lead to hacking, and there will be more or less hacked incidents on the Mentor exchange; the second is the fee. Suppose a small coin is not available on one exchange and has to be bought on another exchange. Then transfer it to Defi, three to four steps in between, and you have to pay a fee for each step. There are fees for transactions and transfers.
With the exchanges in Defi, you just find a counterparty in the liquidity pool and swap directly, turning four or five steps of fees into one. The handling fees are relatively cheap, and the accounts are managed by yourself, not placed on the exchange, which is relatively safe, fair and equitable.

12/03/2021

IV. How to participate in Defi
Step 1: First build a wallet, I use coinbase, which is universal and everyone uses it.

The coinbase wallet is very convenient, but some people also like to use the exchange's wallet. Currently the only exchange that offers Defi services that I know of is Coinbase

Defi circle is ten times faster than the coin circle. Some people joke that traditional finance is ten years as one day, ten years nothing changes. After Defi came in, the cryptocurrency circle became a classical cryptocurrency circle, and Defi changed even faster.

I saw a while ago that only Coinbase can use the wallet to connect to Defi's project, and now the exchange is under great pressure and business is taken away by Defi.

There are real wallets, wallets linked to bank accounts, such as WeChat and Alipay belong to this category, and wallets for central bank digital currencies after the central bank figures come out, as well as hard and soft wallets provided on wallet services, and wallets provided by digital currency exchanges, and finally wallets provided on Defi services.

The Defi wallets house crypto assets, which is not the core, but the core is self-managed or hosted, given to others or managed by themselves. What if it's placed in an exchange, in case it gets hacked? If you lose your money in a bank, you will be compensated, but if you lose your money in an exchange, you will not be compensated. In terms of convenience, it is more convenient to put it on the exchange, but less secure.

12/01/2021

What is a miner's fee
When you make a transfer on the ethereum blockchain, the miner has to package your transaction and put it on the blockchain in order to make the transaction complete, and in this process, the computing resources of the blockchain will be consumed, so the fee has to be paid.

Gas Fee is obtained by multiplying Gas Limit (limit) and Gas Price (price).

It is important to note that the number of Gas units required to complete a transaction depends on the complexity of the transaction. When a transaction is more complex, it must consume more computing resources and therefore cost more Gas.

Gas Price is the amount of Gwei, which affects how quickly your transactions are packaged and placed on the blockchain by miners. If the Gas Price is set higher, it will give miners more incentive to pack your transactions; on the contrary, if the Gas Price is set lower, you will have to wait longer. If you are not in a hurry to complete a transaction, you can choose a lower Gas Price to save money. In each transaction, you can adjust the Gas Limit and Gas Price according to your needs.

11/29/2021

Second, the significance of Defi, to achieve financial inclusion
In traditional finance, a quarter of the world's population, about 1.7 billion people, are unbanked. Maybe the bank does not open branches in the region, maybe it requires a lot of documents and information to open an account, and there is an administrative fee to open an account, resulting in someone not wanting to or not being able to open. But 80% of the world's unbanked people have cell phones and can connect to the Internet, and it is possible that these people can enjoy financial services, that is, Defi, only decentralized distributed finance, can minimize the cost, and can achieve the popularity of finance through cell phones and the Internet. The actual meaning of inclusive finance is "universal" and "beneficial". The "universal" is that everyone can participate, and the "benefit" is the low cost. Investment bank Goldman Sachs may want to charge tens of millions of fees. I used to work in an investment bank, and the salaries of investment bank executives come from the fees and service charges.

The benefits of Defi doing financial inclusion.

1, the threshold of entry is very low. Only to have a cell phone, connected to the Internet you can lend, pay, do derivatives, insurance.

2, reliable. All written into the code.

3, transparent, open, open. defi's counterparties, even investment banks, are on equal footing. No one has an advantage. There is no information, status advantage, nor will rates be lower and efficiency faster. It cannot be done in traditional finance.

4. No counterparty risk. In the past, P2P lending money to whom, if the other party defaults, can only rely on the P2P company to chase the debt, if the P2P company runs away, the other party does not pay back the money, the money is gone. defi, strictly in the form of pawn or mortgage to ensure that the other party can pay, repay the debt. Also lending with smart contract, as soon as the time comes, add the prediction machine and link in, and execute immediately without any mechanism. Counterparty risk can be minimized.

5, reduce the risk of intermediaries. defi has no intermediaries, only smart contracts. Costs will also be reduced by the absence of intermediaries.

6、Composability. For example, UMA, Synthetix, anything can be used to make derivatives, betting, making contracts, a person can create contracts out. Synthetix recently launched a derivative with Tesla stock at the bottom. Combinable and programmable is one of the features of Defi, which will make financial products especially rich, only you can't think of it.

*** Translated with www.DeepL.com/Translator (free version) ***

11/27/2021

The Meaning of Defi for Financial Inclusion
In traditional finance, a quarter of the world's population, about 1.7 billion people, are unbanked. Maybe the banks don't have branches in the area, maybe it requires a lot of documents and information to open an account, and there are administrative fees to open an account, resulting in someone not wanting to or not being able to open one. But 80% of the world's unbanked people have cell phones and can connect to the Internet, these people have the possibility to enjoy financial services, that is Defi, only decentralized distributed finance, to minimize the cost, to achieve the popularity of finance through cell phones and the Internet
Defi do the benefits of financial inclusion.

1. The threshold of access is very low. Only to have a cell phone, connected to the Internet can lend, pay, do derivatives, insurance.

2, reliable. All written into the code.

3, transparent, open, open. defi's counterparties, even investment banks, are on equal footing. No one has an advantage. There is no information, status advantage, nor will rates be lower and efficiency faster. It cannot be done in traditional finance.

4. No counterparty risk. In the past, P2P lending money to whom, if the other party defaults, can only rely on the P2P company to chase the debt, if the P2P company runs away, the other party does not pay, the money will be gone. defi, strictly in the form of pawn or mortgage to ensure that the other party can pay, repay the debt. Also lending with smart contract, as soon as the time comes, add the prediction machine and link in, and execute immediately without any mechanism. Counterparty risk can be minimized.

5, reduce the risk of intermediaries. defi has no intermediaries, only smart contracts. Costs will also be reduced by the absence of intermediaries.

6、Composability. For example, UMA, Synthetix, anything can be used to make derivatives, betting, making contracts, a person can create contracts out. Synthetix recently launched a derivative with Tesla stock at the bottom. Combinable and programmable is one of the features of Defi, which will make financial products especially rich, only you can't think of it.

*** Translated with www.DeepL.com/Translator (free version) ***

11/25/2021

"Open Finance" is not "Open Finance"
Although DeFi is also called "open finance", Zou Chuanwei believes that it needs to be distinguished from the concept of "open finance" under the traditional financial perspective.

He pointed out that in the mainstream financial industry, the concept of "open banking" is now a very important trend, but some people have also extended "open banking" to "open finance", which is actually related to the personal data management of bank customers. Together, open user data. Now it also extends to the output of technical capabilities mastered by open banks and the opening of banking scenarios.

"This is also another open finance concept that extends from the mainstream financial field and from the Open Bank API (Application Programming Interface). It can be seen that the essence is still different. I am more optimistic about this in the traditional financial field. This kind of open mechanism, because it has a very deep evolutionary logic in it, and the scene itself is bigger."

11/23/2021

How to understand the governance tokens in DeFi projects?
Each token of a blockchain project has its own purpose. Some are value storage directions, such as Bitcoin, which can be used to store value and circulation value.
In addition to Bitcoin, some tokens can be used to pay transaction fees, while ETH is used to pay gas fees; some are used as work rights, such as various PoS tokens (such as EOS, Harmony, etc.); some can capture transaction fees, such as kyber, etc. The value is captured by destroying tokens; some tokens are mainly governance, such as MKR, 0x and other tokens. Of course, most tokens have more than one purpose. Some tokens can not only capture fees, but also can be used for governance, such as MKR and Kyber.

The fundamentals of the value of tokens that capture transaction costs often come from their business volume, such as the scale of transactions, and their premium comes from people’s expectations of their future business volume growth. This is easier for everyone to understand. Today we are going to talk about the governance value capture of DeFi governance tokens. Its game value is not as obvious as transaction costs, so it is easy to be ignored by people.

The premium of DeFi governance tokens mainly stems from the scale of assets locked in the project itself, which is also related to security. With the increase in the scale of locked assets, the game demand for governance also increases.

11/19/2021

What is Defi liquidity mining
Defi's public chain is dominated by Ether, which is used by 95% of Defi, as well as EOS and Bitcoin. Ether has smart contracts and is widely used.
The Defi circle is ten times faster than the coin circle. Some people joke that traditional finance is a decade in the making, nothing changes in a decade. After Defi came in, the cryptocurrency world became a classical cryptocurrency world, and Defi changed even faster.

I saw a while ago that only Coinbase can use the wallet to connect to Defi's project, I don't know if the three major exchanges have caught up now. Now the exchange is under a lot of pressure and business is being taken away by Defi.

11/17/2021

During this decline, the coinbase wallet's Defi liquidity mining has fully demonstrated its value and its stability and risk-free

DeFi Mining Wallet

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