When Things Get Crazy You Might Want a Little Crypto on Hand (Lessons From Ukraine) — VAULT Cryptocurrency Blockchain News #43
Things have gone a little nuts this week. After weeks of rumors about a Russian invasion of Ukraine, we are seeing bombs flying and rumors of World War 3. We’re also seeing a major use case for crypto surface quickly as bank and credit card accounts are seized and stopped. If all your fiat accounts were seized or halted, how do you survive?
Remember, governments can seize or stop any fiat accounts they want at any time.
The people of Ukraine are finding that they can use cryptocurrency to buy essentials that they need to survive in times of crisis.
It is interesting to find out that Ukraine has the largest Bitcoin reserves of any country.
Over $4 million in Bitcoin has already been donated to Ukraine as traditional, non-crypto payment methods are being frozen and blocked.
Bitcoin donations pour in to Ukraine military amid Russia invasion
An organization that provides aid to the Ukrainian military received nearly half a million dollars worth of bitcoin…
Cryptocurrency has proven its use case as a superior source of funding in times of crisis. Fiat can be seized and gold is essentially useless.
The lesson is to have a diversified portfolio. If one asset proves to be useless then hopefully, the others will be helpful. With this current world crisis, cryptocurrency has further proven its worth.
Patreon suspends donation page for nonprofit giving body armor to Ukrainian army
Patreon, a start-up whose website allows people to give money to individuals and groups, said Thursday that it had…
VAULT Crypto News This Week
Stronghold Diamond Hands Staking Pool Started!
100 Strongholds have been filled in less than 3 months, and the Diamond Hands Staking Pool has started with 10,000 VAULT plus 2,000 bonus VAULT for a total of 12,000 VAULT coins so far! Congrats to all Strongholders!
Keep checking the Stronghold Diamond Hands website for future updates and watch the Diamond Hands Staking Pool grow every day as the rewards pour in and more bonuses get added!
VAULT Investments Team
VAULT Coin’s Market Performance This Week
We finished out the week at $1.36, which is down from last week’s price of $1.46. We saw a high of $1.71 last Tuesday. The weekly low was $1.16 on Thursday.
We saw an average of $677.11 traded daily. This is down from last week’s average daily volume of $1,418.36.
VAULT’s current price average across all exchanges is 3,470 Satoshi (0.00003470 BTC).
Free claims or crypto airdrops are always nice. With some of these, you can get free crypto for having another cryptocurrency in your wallet, for example free HEX was given to Bitcoin holders who claimed it. This week I wanted to inform you of some potential free tokens that could be available to you if you own HEX or have any active HEX stakes.
The project is called Hedron (HDRN) and is described on their website https://www.hedron.pro/ .
Hedron uses a collection of smart contracts that live on the Ethereum and PulseChain blockchains to allow holders of HEX stakes to do 3 main things, which are:
1. Claim or mint HDRN tokens based on how many B-shares are in a HEX stake multiplied by the amount of time the stake has been active.
2. Allows stakers to borrow against their active HEX stakes.
3. Allows people to trade HEX stakes as NFT tokens on any compatible NFT marketplace.
“Hedron has no admin keys and no kill switches. Just like HEX, Hedron is completely decentralized with zero counterparty risk.”
So how do you get your free coins? The process is described on the website:
“Hedron analyzes a HEX stake and allows the staker to mint or borrow HDRN based on the amount of shares allocated to their stakes. If a staker emergency unstakes or otherwise ends their stake before minting their HDRN, they will no longer be able to mint HDRN against those stakes. Instanced (HSI) HEX stakes with active HDRN advances cannot End Stake until the advance is paid in full (Good Accounting can still be used).The maximum amount of mintable or borrowable days is equal to the full term of the stake.”
There are 2 options to claim your HDRN tokens. You can mint your tokens and they will instantly appear in your MetaMask wallet. The other option is to claim your HDRN and mint them at a later date. If you mint or claim your HDRN in the first 10 days, you get a 10x multiplier. The multiplier is effective for the total length of your Hex stake. So, if you are staked for 5555 days, you get the 10x multiplier for the entire time.
The Hedron team has developed the following chart to illustrate the innovative uses of Hedron, which include loans on HEX stakes and making HEX stakes tradeable by turning them into NFT tokens that can be traded on any compatible NFT marketplace.
In crypto there is such a thing as free money. You just have to know where to find it. Always do your own research, and see if HDRN might be something you might want to claim.
Cryptocurrency News This Week
VAULT Crypto Portfolio Tracker
I wanted to give you a running tally of what you could potentially be earning with VAULT. The example I’m using holds 1,000 VAULT on the VAULT platform. I’m keeping a cumulative total on the profits you could make over time.
I wanted to show you what kind of returns you could be earning weekly and cumulatively.
1,000 VAULT initial investment with current value of 1,213.07 VAULT at ~22% ROI generated 5.03 VAULT blockchain rewards this week, for a total of 1,218.1 VAULT over the past 44 weeks if you compounded your daily rewards with 100% reinvest on the VAULT platform. The total dollar value earned is $296.62 at VAULT’s current price of $1.36 (0.00003470 BTC). The total Bitcoin value earned at VAULT’s current price is 0.00756807 BTC.
The current total value of your potential returns over the past 44 weeks would be $296.62 or 0.007568 BTC.
We Are Here to Help You DYOR (Do Your Own Research)
I hope this update on how crypto can potentially protect assets in times of turmoil has been helpful.
Consider investing the VAULT way and enjoy a seamless crypto experience!
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This is not financial advice. VAULT Investments provides a service to its clients and is not responsible for projects listed or featured in its platform or ecosystem. The views and opinions in this update are my views alone and are not necessarily those of VAULT investments or its administration. Users should always DYOR. Invest at your own risk.
About the Author:
My Discord handle is Bobtilladhun.
I’m a long-term crypto investor. I bought my first Bitcoin in 2016 for $700. I sold 1/2 my BTC when the price doubled to satisfy my wife that I wasn’t going to lose all our money and made my initial investment back. Since that time, I have used my remaining Bitcoin stack to HODL and invest in interesting projects. I am a founding investor in VAULT and have accumulated a significant number of VAULT coins through holding my coins in CRYO and taking advantage of the compounding interest VAULT provides.
I was asked by Ian and the VAULT team to provide a weekly update on VAULT’s performance and current issues in cryptocurrency.
I hope these updates provide you with a quick overview of what is happening with VAULT and in the world of cryptocurrency.
Please contact me on Discord if you have any comments or suggestions.