Last week we had a representative of the Bittrex exchange and the consulting company Block72 in Russia, the owner of the @cryptonitechannel channel and just a good guy “from the community” – @pityok.
For those who do not have time to watch the stream, we have prepared a brief summary, choosing interesting answers and reflections on how best to withdraw and start a crypt, how to use bank cards, and discussed how the current crypto market will differ from 2017.
Why should you choose premium cards from banks?
If you have a regular bank card, then besides you, most of the ordinary users of the bank, including pensioners and people who have received a stable salary for a long time, own a similar card. But if you start withdrawing large funds several times a month, 500 thousand rubles each (more than 200 thousand UAH), then the financial monitoring of banks may be of interest to you, since your amounts will begin to hit the very top of the list among ordinary bank users. When making transfers of large amounts of money, the bank may ask the client for an explanation of the origin of these funds. However, when performing such an operation, banks will not automatically block customer accounts.
In Ukraine, the monitoring of banks extends to money transfer operations in such a way that the bank can request identification documents or inquire about the origin of the money. At the same time, increased requirements apply only to large amounts (over UAH 400 thousand, or $ 14.7 thousand) or cash transfers (over UAH 5 thousand, or $ 185).
Therefore, we recommend purchasing premium cards in different banks, in the same PrivatBank, Sberbank, Monobank, etc., thanks to this, your amounts during the withdrawal of funds from the crypt will be included in the list with many people who make circulation on the card at times exceeding the users of “ordinary cards” of the bank.
What do banks dislike the most?
If, in the above-mentioned situation, banks do not like it when, for unknown or unexpected reasons, large amounts of money arrive on the card, then it is also worth noting that if you have a new card, in no case should you first go and withdraw money for the incoming amount …
Banks are not very fond of giving out cash, it is very undesirable to withdraw large amounts through terminals. Therefore, it is recommended to first use the bank for a while, make regular purchases, pay in shops, cafes and other places so that the user’s activity is visible and after that, the bank will begin to perceive you more loyally.
If you plan to withdraw from 3 to 5 million rubles per month,
Also, banks most of all do not want to be transit for other banks. That is, when the money was credited to the card and on the same day it was sent to another bank or card in excess of 3-5 million rubles.
In no case should you use various offshore companies and not come up with money laundering schemes. This is fraught with the fact that yours, say $ 10 thousand, can go through the same number with people who launder amounts tens, or even hundreds of times higher than yours. And these people can be associated with terrorist financing, illegal substances and more.
If these people are approached by law enforcement agencies, then it will be difficult for you to prove anything.
What is Block72?
Denis is a representative of Block72, where he has been working for several years and is promoting the company in the CIS.
Block72 is a global blockchain technology and distributed ledger consulting firm. The company has invested heavily in more than 50 blockchain projects and conducts qualitative and quantitative analyzes of promising blockchain projects. Block72 offers comprehensive consulting services including community management, public relations, project development.
Some of the major partners in promoting projects were Algorand, Basic Attention Token, Decentraland, Zilliqa, Ontology, etc. There is also a partnership with the Bittrex, Coinlist and Bitfinex exchanges.
What is the difference between the current market in 2021 and 2017
In 2017, you could have a wonderful project, it is quite working and has its own token, but the main problem was what to do with the token.
Due to the fact that the market was not so developed due to the small selection of exchanges for listing, it was problematic to agree with the exchange on the placement of the token on the exchange, and a huge number of projects came out.
At that point in time, not everything was decided by the exchange’s allocation of funds and tokens from its own pocket, but connections and partnerships were needed.
As for the current market, each of you can create a token, add liquidity to Uniswap, promote a token and that’s it.
That is, now projects with their tokens practically do not depend on centralized exchanges, and they themselves are able to launch on decentralized platforms.
It is also worth adding that if in 2017 it was a market exclusively for cryptocurrencies, now trillions of dollars are pouring into the economy, fund and crypto, which contributes to the fact that all markets are renewing their highs.
The guys run an interesting telegram channel cryptonitechannel in which they make high-quality translations of the most interesting materials that you have never seen anywhere else.
In addition to materials, the Cryptonit channel hosts AMA with helpful projects.
Materials are rarely published, but each of them has very valuable information. So, we advise you to familiarize yourself with the channel and subscribe to the guys.
Here are some recommended reading materials:
Today, several promising projects have hit the radar, some of them do not yet have their own token, but soon there will be sales and announcements.
RAI Finance is a protocol designed to provide DeFi with a wider range of assets, more liquidity, and a diverse set of financial use cases. The project will work in the Polkadot ecosystem.
The next project on the radar is Swivel Finance.
Swivel is the most efficient protocol for trustless interest rate swaps and provides lenders with the ability to lend at fixed rates or maximize profitability through leveraged leverage.
The project also has a testnet, through the drop can be distributed.
The project has several interesting funds as investors, namely Multicoin Capital, CMS, etc.
The DERI token is already listed on several decentralized exchanges including SushiSwap, there are very few tokens in circulation and the token has continued to decline since its release. The entry point will be very difficult, but the project is worth looking at, since it has a cap of about $ 1 million.
The project has long been the incubator of the FBG Capital fund, despite the fact that the token continues to decline, the fund would not be able to start unloading now due to lack of liquidity. Perhaps, soon there will be more liquidity due to the addition to other dex.
Results of the competition
During the stream, we decided to hold a contest for our subscribers. There are only two winners who will receive their prizes.
To participate, it was necessary to write the best commentary on the topic related to Lake Baikal and subscribe to the @Incypted and @cryptonitechannel channels.
All that is required from the winners is proof that they are subscribers of these channels.