The crypto trade life cycle involves five steps of processing that help to ensure crypto smoothly transfers from one owner to the other. Learn more here.

, learning all the details of how crypto trades work can be quite useful. A lot of things that happen behind the scenes, and knowing what to expect can help you make wiser investment choices. Keep reading to discover the details and steps of the crypto trade life cycle — and how they affect the average investor.

The crypto trade life cycle consists of the stages that it takes to enact any crypto trade. It involves five steps of processing that help to ensure crypto smoothly transfers from one owner to the other.

Many people think that cryptocurrency trading is as simple as clicking a button and watching the numbers in your account change. However, the reality is that multiple processing stages are needed to finalize any trade. Depending upon the type of service you use, you won't necessarily encounter every part of the crypto trade life cycle, because many exchanges help to manage the steps of the crypto trade life cycle for you. However, even if you aren’t aware of these steps, they still have a big impact on your trades.

 is all about the transition of crypto from one wallet to another. To achieve this goal, every transfer needs to go through five steps.

The first stage of the crypto trade life cycle is the pre-trade. In this stage, all the people involved in the trade take the time to carefully evaluate the idea of the trade and take steps to achieve their goals. For example, traders will consider potential trading strategies, research desirable cryptos and analyze 

. If the trader is selling something, they'll think about an acceptable selling price and possibly consider future plans for portfolio growth after the sale.

In addition to considering the theories behind the trade, the first step of the crypto trade life cycle also looks at the practicalities. This involves asking questions such as which exchange to use, how to acquire capital for trading and whether any regulatory laws need to be followed during the trade. For some trading entities, the pre-trade stage of the crypto trade life cycle can even involve designing new types of software, or writing 

Everything from technological to legal details is considered during the pre-trade stage.

Trade execution is the stage of the crypto trade life cycle which actually facilitates the trade. A person or investment organization places a buy or sell order for their crypto. Usually, modern investors get a crypto exchange to handle the second step of the crypto trade life cycle for them. The process might be as quick and simple as clicking on 

 on a site, and then entering your financial details.

However, when it comes to trading, crypto assets can be a lot more hands-on than traditional stocks and bonds. For some investors, trade execution might involve person-to-person trades. You might need to enter your 

 and manually type in the address of the party to whom you’re sending crypto. 

When working with a crypto market, this stage of the crypto trade life cycle can be as simple or as complex as you want it to be. You can specify parameters, such as where you want to get the crypto from or precisely what price you want to pay for it.

Executing a transaction doesn’t mean it instantaneously completes itself. With digital or virtual currency, there can be a lag between placing the order and completing it. This is one of the stages of the crypto trade life cycle that the average retail investor won't see, but it involves a lot of work behind the scenes.

 is frequently rapid when working with crypto investments. It can consist of a millisecond pause as a blockchain network records a new block with the details of your transaction. However, if you're working with 

 where you have the right to buy a certain amount of crypto on a certain date, it can take some time for a trade to clear. The transaction needs to be recorded — both when it's agreed upon, and when the settlement date is reached — and any shift in market sentiment could affect whether or not you choose to finalize the contract.

Trade settlement refers to the stage of the crypto life cycle in which you actually finalize the trade. This stage is finalized only when all requested assets have been sent to the correct entity and all contracts are fulfilled. For example, if you buy through an exchange, your trade isn’t officially settled until the crypto is in your wallet and your payment is in the exchange's account.

Whether or not this stage is complicated depends upon the type of crypto trading you're conducting. If it’s just a simple exchange of one crypto for another, trade settlement might just involve simultaneously transferring cryptos and checking blockchain records to confirm the transfer was complete. However, if you're working with crypto funds or 

, it might require a more complex contract, perhaps one that involves confirming dates or checking to see if a product was delivered before you execute the final transfer.

Stage 5: Ongoing Position & Risk Management

The final part of the crypto trade life cycle is to take a step back and look at the big picture. You'll need to consider how the last trade fits into your plans for the future, and the market's overall movements. An investor may opt to check market sentiment, see whether it's a 

, and decide how long they plan on holding the crypto they’ve just purchased.

Some potential actions during Stage 5 of the crypto trade life cycle include deciding which wallet to store your crypto in, setting up a market alert to tell you when the crypto's price changes and checking to see whether ownership of the crypto qualifies you for any 

 programs. This step of the crypto trade life cycle gradually leads to the restart of the entire cycle. As you continue to manage your positions and focus on portfolio growth, you'll naturally end up considering future crypto transactions that lead you once again to the pre-trade stage.

Is the Crypto Trade Life Cycle Important for Crypto Trading?

Because you can make trades at the click of a button, the crypto trade life cycle might not seem that relevant to your current actions. However, it actually has a lot of impact on the way you trade. Being aware of the crypto trade life cycle comes with many benefits for investors.

Many traders make the mistake of trading on a whim. Because they miss out on the first and last steps of the crypto trade life cycle, they don't take the time to fully integrate their trades into their portfolios. By paying close attention to the first and last stages of the crypto trade life cycle, your trades become a lot more effective. You begin to see each trade as a small step in a bigger 

, so you can trade more analytically. Instead of being influenced by the hype of a bull market or the panic of a bear market, you choose cryptos that make sense for your long-term plans.

Understanding How Liquidity Affects the Market

Especially if you're trading smaller cryptos, all of the processing stages in the middle of the crypto trade life cycle can have a big impact. Without enough liquidity, trades lag and prices start to rapidly fluctuate. Understanding the work it takes to actually process crypto transactions can allow you to find the right trades for your needs. You can choose more appealing options, and select transactions that won't be hampered by potential market liquidity issues.

The laws surrounding crypto assets are constantly changing, and if you aren't aware of new regulations, it can cause major problems. So much of the crypto trade life cycle revolves around considering the legal and financial details of a trade. Therefore, it's useful to stay aware of new rules. This ensures that you won't end up running into problems mid-trade because your preferred crypto or software is no longer available in your region. It also helps you avoid getting 

, because you’ll increase your awareness of when a trade isn't actually valid.

To get the most out of your crypto trades, it's useful to find a service that provides the right amount of assistance. Some traders may want to deal with the steps of the crypto trade life cycle themselves, while others like to have the process automated. Whatever your preferences, knowing all of the necessary steps involved in your trade will help you find software that gets everything done correctly in a timely manner.

Ultimately, the crypto trade life cycle plays a big role in the crypto market. Each step of planning, executing and finalizing a transaction needs to run smoothly if you hope to have an effective trade. Whether you focus primarily on trading digital or virtual currency, the trade life cycle helps you focus on your portfolio and make plans for long-term success.

Intermediate

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Crypto Trade Life Cycle: Is It Important for Crypto Trading?

Planet Mojo allows users to compete in a variety of exciting games while collecting NFT digital assets and other rewards with real-world value. Learn more here.

 games. Planet Mojo hopes to attract blockchain enthusiasts with its new gaming ecosystem. This exciting network of games, 

, cryptocurrencies and more offers some unique investment opportunities. To see how Planet Mojo works and learn if it's right for you, explore this guide.

 is a blockchain gaming ecosystem. It allows users to compete in a variety of exciting games while collecting NFT digital assets and other rewards with real-world value. The Planet Mojo metaverse includes a variety of deep narrative and strategic gameplay options to entertain players.

, got his start working on games for LucasArts. He assisted with the creation of 

 and several other popular titles. During his time working with VR games, Levine was introduced to the world of blockchain gaming. He decided to take his expertise in the traditional gaming industry and apply it to blockchain games.

. Together with many other industry experts, they launched Planet Mojo and its Mystic Moose gaming studio in 2021. The project 

 from Animoca Brands, Courtside Ventures and other investors.

Planet Mojo's central mission is to create an 

 web3 world. As its team were planning their project's future direction, they noticed that many web3 gaming studios failed to fully connect their games. Consequently, although the products may be designed by the same creator, players can’t switch easily between games.

By prioritizing interoperability, Planet Mojo hopes to create a more seamless and enjoyable player experience. Players can easily switch between PvP games, a dynamic endless runner game and more while using the same assets for each game. Planet Mojo also hopes to use this strategy when designing its game concepts, implementing the same core storyline for all parts of the Planet Mojo metaverse so that players can access a deep narrative, no matter what game they're playing.

-based system. It uses a secure, reliable 

-compatible network to handle in-game assets. The gameplay is designed with traditional coding methods, so participants can play on their computer or phone. Planet Mojo's games use Unity technologies to design its graphics and Unreal Engine 5 to run its games.

The Planet Mojo gaming ecosystem includes many different 

. Players receive NFT characters that they can use to compete and engage in a variety of games. They receive Ore tokens as rewards for playing, which can be used to level up their characters. Meanwhile, Gem tokens are distributed at a slower rate than Ore. Gems can be used to unlock skins and buy other collectibles. The final token in the Planet Mojo metaverse is its utility token, MOJO, which is used to pay for in-game services and experiences.

The Planet Mojo ecosystem offers many opportunities for members of the Planet Mojo community to have fun and socialize with each other.

 includes all the best parts of PvP games. Players control an army and fight for control of a battleground. Through tactics, strategic gameplay and specialized characters, players can receive advantages that help them earn more rewards. The Mojo Melee calendar includes set seasons of competition along with big tournaments like Mojo Bowl II.

The Mojo Marketplace is where players can buy and sell in-game assets. It accepts both MOJO and MATIC tokens during transactions. You can choose between standard Mojo creatures and champion versions that offer special perks.

Planet Mojo has a robust esports community. Players compete for a spot on the leaderboard and for exciting prizes. In addition to NFTs and tokens, winners of major tournaments like Mojo Bowl II also receive cash prizes. The next big tournament set to take place in the Planet Mojo gaming ecosystem is the Fall Faceoff in September 2024.

Planet Mojo NFTs are uniquely generated ERC-721 tokens that fall into four separate classes, based on rarity. Some of the NFTs can be leveled up to provide them with extra powers for games. There are also NFT mods that function as a type of exclusive skin. Players can add these to their NFTs to change their appearances without affecting their performance.

Mojo Maker is an interactive avatar system that connects to the Planet Mojo games. Players can use this beta feature to change the look of their avatars and their creatures. It encourages people to obtain more digital collectibles, and provides players with more customization options.

Since its launch, Planet Mojo has designed the Mojo Metaverse and successfully released the Mojo Melee game. They plan to update Mojo Melee soon with more crafting options and mobile capabilities, and with additional community events in the Mojo Melee calendar. Alongside the Mojo Melee updates, Planet Mojo is developing additional games, aiming to release a dynamic endless runner game called 

. The long-term goals of the Planet Mojo team include greater decentralization, increased player-led governance and more sustainable technology.

MOJO is an ERC-20 coin. It allows players to access game features and pay for services. There are a total of 

 available. Tokens will be gradually released over a 60-month period. The network plans on distributing them as follows:

Since its release in early April, MOJO's price has mostly fluctuated between $0.10 and $0.29. The token is selling for around $0.175 as of Apr 22, 2024. DigitalCoinPrice’s analysis suggests MOJO's prices will continue to rise to 

 in 2024 and $1.32 by 2030. In addition to its positive momentum, MOJO may be able to capitalize on general market trends. Forbes 

 for April 2024, which could carry MOJO to impressive gains in the upcoming months.

Looking to trade Planet Mojo tokens? Bybit now offers the MOJO/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

To celebrate this listing, Bybit is holding 

 where you can earn a share of a 100,000 USDC prize pool.

. The first 2,000 new users who complete the following two steps between through Apr 23, 2024, 8:59AM UTC will receive 20 USDC each:

If you’re already a Bybit user (prior to Apr 8, 2024, 8AM UTC), no worries — because you can still earn 10 USDC! Simply accumulate a deposit volume of at least 1,000 MOJO during the event period, or deposit 200 USDT and trade at least 200 USDT worth of MOJO using your Bybit account. Please note that rewards will be distributed on a first-come, first-served basis to the first 2,000 users.

, is being held through Apr 23, 2024, 8:59AM UTC. Simply trade at least 1,000 USDT worth of MOJO on Spot during the event period to grab a share of the 40,000 USDC prize pool.

The more you trade, the larger your share of the prize pool. Rewards will be capped at 2,000 USDC per user.

The Planet Mojo project was launched by a team of reputable gaming industry experts, so it's managed to attract quite a few investors. Furthermore, the project is part of the wildly popular web3 gaming market that's performed quite well lately. These factors make MOJO an interesting option for investors who want to find promising startups and get in on the ground floor.

However, keep in mind that competition is fierce for gaming cryptos. Planet Mojo hasn't managed to attract a large number of gamers yet, and its social media communities are quite small. If MOJO fails to attract more people, it might exhibit a lackluster performance. Make sure to 

 before buying this token, and don't invest more money than you can afford to lose.

The Planet Mojo ecosystem and Mystic Moose gaming studio are a solid addition to the world of web3 gaming. They offer fun games in a uniquely interoperable environment, and they have a team filled with dedicated and talented members. Though the project's future direction is still uncertain, if it can get more players invested in the Planet Mojo community, Planet Mojo could do quite well.

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Planet Mojo (MOJO): Blending Mythical Esports in a Web3 Arena

Unlock the world of real estate trading with Parcl (PRCL), a Solana-based platform offering index-based trading and institutional-quality data access.

Real estate markets, while an essential component of the overall financial ecosystem, aren't particularly known for high levels of liquidity. High barriers to entry for smaller investors, inflexible markets and incomplete location-based data on price movements have all made real estate investment a less popular choice than trading stocks, commodities or cryptocurrencies. While

 may offer an innovative alternative to physical real estate investment, nothing compares to the tangible value and stability of physical real estate.

Parcl (PRCL) is a Solana-based decentralized real estate trading platform that aims to change the status quo by introducing index-based liquid trading opportunities. By taking long and short positions on city-specific real estate indices maintained by Parcl, users can access a highly liquid form of trading and start with a minimum investment of as little as $1.

 (PARCL), a decentralized platform that offers location-based real estate indices for perpetuals trading.

 (AMM) and offers both perpetuals trading and opportunities to provide liquidity.

Parcl obtains and updates physical real estate market data from many sources and repositories in order to derive indices for each tracked locality. The indices are based on highly detailed data, and boast granularity to the level of accounting for prices per square foot or meter. As of mid-April 2024, Parcl maintains indices for 26 localities, including several large U.S. cities, Paris, London and Solana Beach, a small Californian community that inspired the name of the 

 (SOL) blockchain. Incidentally, Parcl is based on that very chain.

The project's team specifically noted Solana's extremely high throughput capacity of 50,000 

 (TPS) and meager transaction fees of less than a cent as the key reasons for choosing blockchain.

Parcl launched its operations in early 2022. In January 2023, the platform upgraded to v2, and in late 2023 it underwent another major upgrade to v3. The third (and current) version has seen several key improvements, including enhanced 

 for traders, better capital efficiency and a single, scalable liquidity pool.

In December 2023, the Parcl protocol announced two initiatives to reward its user base and attract new members — Points Program and Referral Program. The former awards loyalty points to active users of v2 and v3, while the latter incentivizes members to refer new traders to the Parcl platform.

Having operated without its own native cryptocurrency for its first couple of years, Parcl launched its PRCL 

 on Apr 16, 2024. The token generation event (TGE) was also accompanied by the start of an 

 campaign, which allocates 8% of the token's supply to eligible users. The abovementioned Points Program plays a crucial role in the airdrop, with the program's loyalty points among the major determinants of airdrop eligibility.

Real estate investors who use Parcl can open long and short positions on city-specific indices designed to accurately track real-world property values in the respective localities. Unlike traditional real estate investing, in which the majority of trade is based on per-property prices, each Parcl index is based on the overall market for the particular city, allowing traders to speculate on city-wide price movements. In order to trade, users need to deposit 

In addition to locality-specific real estate trading, Parcl offers investment opportunities to 

 (LPs). Those LPs who contribute to the AMM's liquidity pool are rewarded with a share of revenues from on-platform trading activity. The pool distributes 70% of the trading fees to LPs, based on the amounts they contribute.

Implemented by Parcl Labs, the company behind the protocol, the Parcl Labs Price Feed (PLPF) is a major component of the platform. PLPF is designed to source real estate transaction data from a multitude of sources. The data is then used to update city indices daily at each city and locality level. This allows Parcl to run some of the most sensitive and granular indices measuring real estate values.

Parcl Labs goes to great lengths to ensure the accuracy, reliability and transparency of the data it collects. PLPF data quality assurance is a multi-step process that involves:

As of April 2024, Parcl tracks 26 regional indices, although not all of these may be available to traders at all times, depending upon on-platform activity. The indices include all the largest U.S. cities, such as New York, Miami, Chicago, Los Angeles and San Francisco; San Diego County's Solana Beach; two major European capitals, Paris and London; and the country-wide U.S. real estate market index.

PRCL is the platform's newly introduced governance token. It was launched on Apr 16, 2024, envisioned to let its holders actively participate in on-platform governance processes. It also grants token holders access to institutional-quality real estate data through an API powered by Parcl Labs. In the future, the token will provide additional benefits related to on-platform trading via the 

The PRCL token has a total supply of 1 billion. Its 

 details don't explicitly specify any supply cap. The token's supply allocation shares are as follows:

Part of the allocation for Community Growth & Incentives (8% of the total supply) will be distributed via airdrops to Parcl’s early adopters and community partners.

You can buy PRCL on Bybit through a Spot pair with USDT (

). Additionally, until the end of April 2024, you can take advantage of Bybit's 

 to earn a share of the 50,000 USDT pool prize. Bybit's Spot and Derivatives markets provide you with opportunities to trade hundreds of cryptocurrencies and crypto-based products. If you don’t have a Bybit account, you can easily 

 to access our range of products and assets.

Traditional methods of investing in real estate have generally been restrictive and inflexible for many traders, particularly those with limited capital. The Parcl platform is now leading the way in changing this market niche. Thanks to the protocol's unique business concept, real estate investment is now open to a broader segment of investors.

However, more than the benefits of flexibility and better liquidity distinguish Parcl. The protocol's rigorous data collection mechanism ensures that users can now access high-quality, granular data that few other analytics platforms can provide. As such, Parcl might be described as a multi-purpose environment that serves the needs of not only traders and LPs, but also real estate analysts and market pundits. In short, anyone interested in real estate markets will find something useful for themselves on Parcl — the world's first decentralized index-based real estate trading protocol.

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Parcl (PRCL): Revolutionizing Real Estate Trading With Perpetual Contracts

Saga is a Layer 1 blockchain protocol that allows developers to design their own dedicated chains for running applications. Learn more in this article.

 universe right now is the lack of accessible tools for developers. Many people interested in designing new 

 projects struggle to find the right software developer kits (SDKs) for their projects. The Saga ecosystem aims to fix this issue by providing unparalleled support to app and game developers. 

Can the Saga ecosystem really become the premier chain for web3 development? Keep reading to learn how it works and see whether it's likely to attract new developers.

 blockchain protocol. It allows developers to design their own dedicated chains for running applications. People who work on Saga all share the same security, scaling solutions and SDKs, but they each get their own unique chain that they can customize to suit their needs.

 of technology, crypto and finance enthusiasts. CEO Rebecca Liao is a co-founder of the Skuchain project, the designer of the 

 and a former international corporate attorney. Other members of the founding team include former Tendermint executive Jin Kwon, Blocktech Ventures founder Bogdan Alexandrescu and 

. They realized that there was a major need for a development-focused blockchain specifically designed for game project development. Saga's mission has attracted many major investors, 

Saga aims to create a new system for web3 project developers. Currently, most developers have to choose between the ease of working on an established chain like 

 versus the convenience and customization of designing their own chain. The Saga team realized that the most effective option for game developers would actually be a combination of the two types of development environments.

Saga wants to let developers set up their own sovereign blockchain so they can decide how things like 

 and transaction fees work. However, Saga also aims to provide extensive support for developers in its ecosystem. Its underlying framework ensures that people still have excellent security and a reliable validator set, no matter what their gaming project is.

 ecosystem, whose interchain web development standard is a set of protocols that allows a broad variety of blockchains to communicate with each other. The Saga network uses the 

 and the shared security system of the Cosmos ecosystem to manage the network, and has created its own Layer 1 chain that runs the entire Saga ecosystem and can do things like automatically launching 

The Saga Mainnet handles each developer's compiled smart contract binary. However, it also runs parallel dedicated chains that function as virtual machine (VM) modules capable of handling a specific set of smart contracts. End users for blockchain games and other apps interact only with the dedicated blockchain, while the developer's system manages the fees and individual transactions on the Saga Mainnet.

All of the chains on Saga are validated through optimistic coordination, which requires every Saga validator to validate each chain in the Saga ecosystem via 

 validation, verifying transactions by temporarily locking Saga tokens.

The Saga network contains a lot more than just the basic features offered through the Cosmos SDK and ecosystem. In addition to the software development tools and helpful interface for Saga's validators and developers, the ecosystem also contains the following features.

The overall layout of the Saga ecosystem starts with the Saga Mainnet. Built on the Cosmos hub, this framework includes a full validator set and a dedicated blockchain for handling all smart contracts. The basic protocols are passed on to each child chain in the system, and information is relayed back and forth between the main chain and all of the secondary chains. Saga's validators stake tokens, and then check to make sure every element of the topology follows Saga’s regulations.

 are a method for creating a dedicated blockspace that a developer can manage. These chainlets function as virtual machines that can handle smart contracts and automatically launch Celestia rollups. Each chainlet is its own blockchain that handles nothing but a specific gaming project. Developers decide on the gas fees they'll charge users, and can add chainlets as their projects expand and require more throughput from the remaining validators.

Saga's shared security relies on both the Cosmos hub and its own set of validators to secure the network. Validators on Saga’s network are monitored by auditors who can catch potential issues with individual dedicated chains. If anyone in the validator set fails to properly confirm a smart contract, their staked tokens are automatically confiscated.

 is a publishing system for gaming developers who want to create their own blockchains with help from Saga. It offers infinite scalability, seamless 

 and transactions without gas fees. In addition to use of the Cosmos SDK, developers who choose to publish their game through Saga Origins receive access to a variety of helpful marketing and distribution tools.

 is an interconnected blend of all the developers and projects in the Saga system. Though each sovereign blockchain is fully independent of others, they all join together to offer users a variety of exciting web3 projects. People interested in checking out the latest blockchain designs can join the Multiverse and browse all the neat concepts built on Saga.

To help get the Saga validator system started, Saga released 

 to its community members. People were eligible for the 

 if they had participated in the staking program or played in tournaments to promote Saga ecosystem games. The airdrop eligibility period required remaining validators and other participants to be active between January and October of 2023. Once the airdrop began allowing people to claim tokens, it continued to run until Mar 27, 2024.

 consists of four separate phases. The company has already completed the Andromeda and Cassiopeia phases, which focused on designing the Mainnet and setting up the system of Saga validators. Currently, the Saga team is in the Pegasus phase, which is about releasing tokens and opening the Saga Mainnet to the public. Sometime in late 2022, Saga’s team hopes to reach their Mainnet V2 phase, which will prioritize a new version of the Saga Mainnet with more features and options for dedicated blockspace.

SAGA tokens are the primary method for paying fees on the Saga network. These tokens are also used for staking, and function as a method of confirming Saga transactions. There are a total of 

, of which around 90 million have thus far been released. Saga plans to distribute its tokens as follows:

SAGA is still in the early stages of its token launch. However, it’s already surprised investors, having debuted at $4.91 on Apr 9, 2024 before quickly surging to its ATH to date of $7.60. It then steadily declined over the next few days to its current price of $3.06 as of Apr 19, 2024.

 SAGA, with its experts believing SAGA’s price will reach $15.73 by 2025 and decrease in 2027 to $6.27, before rising again to $13.45 by 2030. This bullish sentiment is amplified by analysts at Changelly, 

 SAGA’s price will increase to $6.91 in 2025, $14.21 in 2027 and $44.36 in 2030.

Looking to trade Saga tokens? Bybit now offers SAGAUSDT Perpetual contracts. To get started, you’ll first need to 

, then fund it with cryptocurrency and navigate to the 

SAGA has done an extremely impressive job of attracting users, and seems poised to become the big coin debut of April 2024 with its high price.

However, it's hard to say whether SAGA can maintain its price in the long run. It's quite common for new startups to have a strong start and then drop in price once their project fails to take off. If the Saga ecosystem can’t attract new developers and continue to release impressive projects, investors could see some major SAGA losses in the future.

Since this coin is so volatile right now, investors need to 

. It has the potential for both big profits and big losses, so you’ll want to carefully consider how these price shifts might affect your portfolio. For best results, avoid investing more than you can afford to lose, make sure you diversify your investments — and 

By offering developers the chance to create their own dedicated chains, Saga offers a more convenient and scalable system for blockchain gaming. Its helpful features and low transaction fees have already attracted many people, and it's no surprise that many others are interested in the project. Furthermore, SAGA tokens have had a promising start with extremely impressive growth. If the Saga company can successfully capitalize on its early buzz, it has a bright future.

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Saga (SAGA): Catalyzing the Multiverse With Scalable Chains

Crypto

Getting crypto for free may sound too good to be true, but you can...if you do something in return! Read all about crypto faucets here.

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Did you know that back in 2010, you could get 5 BTC for free? As much as we might not believe it, it’s true! Gavin Andresen, often known as the face of 

back in June 2010, giving users 5 BTC on a first-come, first-served basis.  

A crypto faucet is a website or an application that rewards you with cryptocurrencies in return for completing relatively straightforward, non-labor-intensive tasks, such as completing a captcha, viewing ads, or completing surveys. 

This guide will discuss crypto faucets, their relevance in today’s world, and the different types of crypto faucets available today. 

A crypto faucet rewards you with crypto for completing simple tasks. The reward mechanism is like a “leaking faucet,” dripping crypto after every successful task completion. 

”? Well, yes! The only input commodity you need in order to get free crypto out of a crypto faucet is 

 to complete different tasks. However, don’t get your hopes too high, as the rewards incurred are far less than you might expect. 

You only get a few cents every hour, and even with the highest paying crypto faucets, you can get only 30 cents an hour — if you’re lucky. Just as a leaking faucet drips successive water drops, a crypto faucet drips tiny amounts of crypto. In a typical Bitcoin faucet, the rewards get disbursed in satoshis, the smallest bitcoin unit, equivalent to 1/100 millionth of a bitcoin.

Crypto faucets are not widely adopted, due to the lower payouts and shady techniques that many faucet sites use to make money. The whole purpose of a crypto faucet is to spread awareness among people by distributing “free cryptos.” However, it has since transformed into an entirely new business model to yield profits from all kinds of arbitrage. 

Before understanding how a crypto faucet works, we need to understand its core business model. Companies run crypto faucets to maximize their revenue and earn profits. A significant portion of their revenue comes from “traffic arbitrage,” 

 that they send traffic to different advertising networks, earn revenue and share a small portion of it with users. 

The only traffic source for crypto faucets is 

 viewing these ads who come from these ad networks. In return for viewing these ads, you get a tiny portion of the revenue coming from the ad networks in the form of crypto rewards. 

This revenue-share arbitrage model isn’t just limited to ad networks, however. These faucets also work with captcha, gaming networks, survey companies, affiliate networks and other platforms where the revenue-share model makes good business sense.

The more time you spend on a crypto faucet site completing the tasks, the more money you can make. The tasks are dead simple if you look at them, which encourages people to devise algorithms and bots that can skim through these faucets and complete the tasks on their behalf. However, crypto faucet sites try their best to prevent bots from using the platform, in order to avoid being penalized by ad networks. 

Note that, due to high transaction fees, a minimum withdrawal limit is usually in place. Networks use a micro wallet and a micropayments platform to disburse faucet rewards once the minimum withdrawal limit is reached. Many crypto faucet sites also use their native tokens, which you can later convert to any supported 

 through either their platform or any third-party exchange.

Unlike other crypto-based applications, a crypto faucet is relatively simple to use. You don’t need to have a technical background. To use a crypto faucet, you only need to follow these simple steps: 

Even though every crypto faucet has a different interface with which to interact, all crypto faucets follow the same steps. Once you sign up and complete your profile, you can add your wallet address. It is important to note that most of these faucets use micro wallets to send micropayments, and you can’t add your regular Bitcoin or Ethereum wallet address. 

The most common micropayment wallet that these crypto faucets use is 

. You can sign up on their website and set your micro wallet to receive incoming payments. You can use your FaucetPay wallet address on any of the crypto faucets that you’re using. 

Once you’ve signed up and added your wallet address, you can select any task you wish to complete from the main dashboard. For each task, you can see the completion time and the payout (reward) that you get once you complete that task.

Although each crypto faucet offers various tasks, 

 and make sure that you don’t give your personal information. For security reasons, we do recommend using a different browser while completing these tasks.

Once you complete the task(s), you can see the rewards in your balance. Many faucets allow you to choose the primary currency for the rewards, such as Bitcoin, Ethereum, or any other supported currency. Once you hit your minimum withdrawal limit, you can withdraw your earnings from the crypto faucet platform directly to the micropayment wallet that you added in the first step. 

However, you can’t just sit and spend 20 hours a day on these tasks. These crypto faucets have certain limitations for the number of tasks you can complete within a day. This limit prevents bots and automated tools from abusing the faucet system. If the crypto faucet encounters any suspicious activity coming from your account, they can either suspend your account temporarily or block it immediately. 

Crypto faucets aren’t a recent phenomenon. They are one of the earliest applications in the crypto space, tracing back to 2010 when there was only one cryptocurrency: Bitcoin. At that time, very few people knew about Bitcoin, deeming it an experimental currency. 

Gavin Andresen, a well-known cypherpunk and Bitcoin core developer, launched the first crypto faucet back in June 2010. It was a Bitcoin faucet, and its primary purpose was to spread awareness about Bitcoin. Another reason for building this faucet was that there was no Bitcoin exchange then — so this faucet made it easier to acquire bitcoins. 

The original announcement post for the first Bitcoin faucet

At that time, Bitcoin was worth pennies. Very few people took it seriously. Gavin added his own 1,100 bitcoins to his faucet, giving away 5 BTC to anyone who came on the faucet platform and completed a simple captcha. As time passed, this faucet gave away a total of 19,715 bitcoins, all coming from Gavin’s wallet. 

Concurrently, more cryptocurrencies emerged, and developers started making their small faucets as hobby projects. However, it didn’t take long for online publishers to realize the potential of making a profit from crypto faucets with an arbitrage-focused business model. 

These revenue-generating crypto faucets soon proliferated because of the sustainability brought by the arbitrage business model. Today, there is a myriad of crypto faucets offering reward payouts in many different cryptocurrencies. We also see considerable development in the micropayment wallet space, an essential component of modern crypto faucets. 

However, these crypto faucets didn’t receive mainstream attention, due to the low rewards and the amount of time it takes to accumulate them. Modern crypto faucets need to pass the test of time, and we may expect innovative business models to bring mainstream attention.

Back in the day, there were crypto-specific faucets paying rewards in only a single cryptocurrency. The first one ever was a Bitcoin faucet, paying only BTC to users who claimed them by solving a captcha. Soon after there were Litecoin faucets, Ethereum faucets, and other currency-specific faucets coming into the ecosystem. 

Today, crypto faucets have evolved to support reward payouts in multiple cryptocurrencies. You can choose to withdraw your rewards in any of the cryptocurrencies supported on the faucet’s platform. 

Here is a list of well-known crypto faucets that are still in the game: 

The concept of crypto faucets started with the mission of spreading awareness about cryptocurrencies. Now, they have evolved into sophisticated platforms with novel business models. 

Crypto faucets haven’t received the attention needed for mainstream adoption, and they still need to pass the test of time. However, if you have some spare time and want to earn free crypto, hop over to one of your favorite crypto faucet platforms to earn some pocket change.

A Beginner’s Guide: What Is a Crypto Faucet?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards