Hereâs how I almost lost everything in my Phantom wallet to hackersâand how you can avoid it too.
There are many ways hackers try to get into usersâ wallets, but one of the most effective (and sneaky) methods is by sending duplicate tokens.
Yesterday, I bought $KITTY at around 140k and made some profits. After selling, I should have just rested like Jesus on the 7th dayâbut no. I jumped into the next beta play, $PUPPY, and gave back some of my gains.
A few minutes later, I checked my Phantom wallet and saw about the same amount I put into $PUPPY... but showing in $KITTY.
Now I had two tokens in my wallet, both with the $KITTY ticker.
And let me tell you, the brain is conniving. I started convincing myself maybe I did buy $KITTY by mistake instead of $PUPPY.
But then I thoughtâif that were true, the tokens shouldâve been merged, not separate.
That triggered my suspicion.
So before doing anything, I clicked on the token and scrolled down. It showed a $16M market cap, while the real $KITTY was only at $1.4M. Plus, the value of the token wasnât moving at all.
That confirmed it. This was a malicious, fake token. I immediately hid it from my wallet.
Now I know some of you might be like, âf*ck it,â and try to swap itâbut hereâs the trap:
Once you try to interact with it (swap, stake, etc.), it usually redirects you to a phishing site or prompts you to sign a malicious transaction.
And since youâre in FOMO mode trying to get that bag, youâll sign it.
And just like thatâwallet drained.
So donât be greedy. Take a second. Pay attention.
That little bit of caution could save you from getting completely rugged.
Airdrops are your best chance to raise capital and free to interact airdrops are all over the place right now.
Iâve curated a list of 3 low friction airdrops you can use your phone to interact with.
1. Liqfinity is a #DEFAI(Defi platforms utilizing AI for efficiency) platform that allows you to provide liquidity, borrow, and earn rewards.
Itâs currently in its testnet phase and you can interact with this product to earn points which might be considered for airdrop.
Start here
Use the link https://t.co/I6wMJdBOpT to sign up.
Explore liqfinity by borrowing, providing liquidity and paying back loans to earn points.
Refer friends by using the link in âmy referralsâ to earn extra points.
Repeat transactions daily to accrue points.
Swap, bridge and staking coming soon
2 Litas:
They raised $20m and airdrop is confirmed.
All you need to do is mine and claim $DLT every 3hrs.
Start by using this link to register
https://t.co/WKTdHUgf1L
https://t.co/WKTdHUgf1L
Use your $DLT to upgrade your miner and earn more tokens per hour.
Copy your link and refer friends to earn extra.
3. Roam:
This DEPIN project is backed by coinbase ventures
To interact with this, download the app on your phone and connect to as many wifi spots as possible to accrue points.
Use this link to download the app on apple store or google play store
https://t.co/ty9FXTKDv1
Enter this referral code 89916940 and finish registration
Create new wallet and save mnemonics
You earn points when other users connect to your WiFi spot and for adding new WiFi spots.
Add wifi spots to start earning points
Complete quests.
Do daily check-ins to earn points too.
Click on âreferred friendsâ, share your referral code and use it to invite friends.
#ZAAR is the first socialfi project I've seen on BTC blockchain.
It might be worth looking at.
Join the airdrop and farm $Zaar XPs by completing simple tasks.
GM FARMOOORS, Major Announcement:
1. $ZAAR SocialFi Tool Launch
2. Airdrop Season 1 Ends 14th Oct 2024
3. $ZAAR Airdrop & Token Launch SOON
Introducing the first-ever SocialFi Tool for BTC Runes Powered by @SuperstellarBTC, https://t.co/KLTthcQY9R
More Details BELOW đ
Empowering YOU to earn $ZAAR airdrops through social engagement for our upcoming token launch!
Earning XP is simple - just use X (Twitter)!
đ°How to participate in the $ZAAR Social Airdrop:
1. Connect Account: Connect wallet & link your X account to set up your profile
2. Start earning XP:
Tweet with key words $ZAAR / #ZAAR to earn XP
Final Call to participate in our Airdrop Season 1
đšEnds on 14th October 2024 đš
đ„ Rewards by providing liquidity, perform swaps on @OdinSwap, and earn XP to boost your airdrop rewards.
đ Boost Your Rewards Here: https://t.co/frSxlv5UeV
⥠Rewards for completing quests on @Ordzaar platform.
đ Join Here: https://t.co/EGbjUDu1dG
đŠ Rewarding our OGs & early supporters of Ordzaar
Unbox your $ZAAR!
đ Check Eligibility Here: https://t.co/k8E0IvtziD
NOTE: Failure to Unbox by 14/10/2024 will result in forfeiture of your $ZAAR allocation. đš
WEN $ZAAR AIRDROP, WEN TOKEN LAUNCH?
WEN WEN WEN WEN
SOON SOON SOON SOON
$ZAARTOBER
Big things are coming â donât miss out! đ
The first-ever SocialFi community for $ZAAR on BTC Runes!
Join the $ZAAR movement and be part of the Token Launch this October!
đŸ Get started now: https://t.co/NAeR1Vy9y7
@Ordzaar x @OdinSwap
Powered by @SuperstellarBTC
Meme tokens are getting attention again.
Waiting around for someone elseâs signal isnât the best strategy.Â
Hereâs how you can use Dexscreener to find tokens for yourselfđđŸ
Until recently, I only used the Tron network to send and receive USDT via the TRC20 network because itâs cheap and fast.
But Tron has always been more than that.
Itâs a scalable Layer 1 blockchain thatâs been building since 2017, aiming to be the top decentralized operating system.
Like many others, I didnât pay much attention to DeFi on TronâI only used it for stablecoins.
This explains why Tron always averages $50B in stables.
However, TVL on Tron, no. of active addresses as well as number of new addressesâover 1.5m in 24hrs has increased significantly in the past weeks which signals increased activity.
But Why?
Imagine getting an airdrop in your walletâfinally, a reward to compensate for all the rugs you have bought.
But when you go to retrieve your seed phrase, you realize itâs lost.
This nightmare wonât happen with a @vultisig wallet.
No seed phrases needed. Instead, it uses something much more secure and innovative.
@vultisig is a multi-chain DeFi-compatible vault for securely storing your assets, developed by the founders of THORChain.
It works seamlessly across most devices without the need for any special hardware. Whether youâre on a laptop, Mac, Android, or iPhone, you can easily operate a Vultisig.
The strength of Vultisigâs security lies in how it requires all the devices used to create the vault to work together to approve a transaction.
This means that if someone tries to hack you, they would need to bypass the built-in two-factor authentication on every single device involved, making unauthorized access nearly impossible.
Vultisig operates different kinds of vault:
âą A 2-of-2 vault requires two devices with the app, and both must sign off on every transaction for it to be approved.
âą A 2 of 3 vault requires three 3 devices with the app and two devices must sign off on transactions for it to be approved.
There is a 3 of 4 vault as well which is the most secure vault.
Vultisig accounts are nearly impossible to hack thanks to their advanced security system.
Instead of relying on seed phrases or private keys to restore your wallet, Vultisig uses a more sophisticated approach.
When you create a Vultisig account, you receive a unique vault share for each device used in the setup. These vault shares must be backed up separately and securely.
Crucially, vault shares donât hold any funds, so even if one is compromised, an intruder still canât access your wallet.
Vault shares only store data needed to generate the key to the vault, which is why Vultisig uses a threshold signature mechanism.
This is one of the most advanced security measures Iâve seen in a Web3 wallet, and with the team behind it, Iâm confident theyâll continue to refine and popularize this cutting-edge solution.
A $Vult token presale  will be launched soon and Iâm looking forward to it.
Follow the socials to stay updated
Twitter: @vultisig
Website: https://t.co/EZ1oPpDA88
Hereâs a video that illustrates how to create a 2 of 2 vault:
https://t.co/AGLYT4xMJv
Attention is shifting to Tron network
and if youâre having reservations about exploring the network for whatever reason, Iâm here to tell you that youâre wrong.
In cryptocurrency, the best way to get paid is by following narratives.
Trending Narrative means money inflow.
If thereâs money there, then you can make some for yourself.
It could be from trading, jobs, airdrops, unique protocol incentives etc.
Go there and explore it.
If youâre confused about how to get started, Search for âTron and $trxâ and youâll find threads that will help you understand how to navigate the ecosystem.
Iâll also drop an overview once I am more familiar with the chain.
Gm Chadsđ«”đŸ
The memecoin dog world has faced some tough losses recently with the fall of two legends...
Kabosu ($DOGE) and Cheems ($SHIB).
But with every ending comes a new beginning.
Meet @DougThePugMeme - The king of the Doug meta.
#DougThePug is an online sensation and celebrity dog adored by many with millions of followers.
The pug has that $Daug in him because it has been around since 2012, outliving his contemporaries and still thugginâ it out.
His longevity and aura inspired the team to bring $DOUG on the blockchain and being here long enough, I know stories and narratives like this are often what drives the adoption of meme tokens.
#Thepugliveson
$DOUG is supported by a skilled team with strong backing, giving it the credibility often lacking in the meme coin space.
@DougThePugMeme, is more than ready to take the throne.
Join the revolution to get update on the launch of $Daug!!
Telegram: https://t.co/Wea8bIbPDp
website: https://t.co/OxvGNM2KQ0
#Dougthepug #Thedogliveson #Thepugliveson
I had to put aside my phone, sit down at a workstation, and commit to completing a Web3 task.
While browsing YouTube, I discovered an intriguing project that is worth sharing: @solanaidentity
Hereâs a quick 3-minute summary of what SolanaID is offering and how you can benefit:
Narratives and Trends in Web3
In cryptocurrency trading, the advice to "buy and hold" for long-term gains doesn't always work out.
I learned this the hard way after holding tokens too long, expecting them to rise further, only to watch them decline when attention shifted elsewhere.
I figured to stay profitable in this ever-changing market, the key isn't to hold tokens forever but to buy before they gain attention, take profits when they do, and hold a certain percentage just in case the token surges again.
Finding the tokens before they get attention was hard for me until I discovered attention in Defi is defined by Trends and Narrative.
Narratives and metas are ideas, events and innovations that influence investor sentiment, drive market behavior and shape the adoption of various tokens.
Some examples include:
âą AI narrative
âą TG Bot narrative
âą LSD narrative
âą Real world assets
Memes:
âą Cat meta
âą Dog meta
âą Frog meta
âą political meta
How to Spot Emerging Narratives Early...
Narratives or trends are often triggered by news events or market developments and can be incredibly profitable if spotted early.
â Monitor News: Paying attention to news channels can help you spot events that might trigger flow of liquidity into certain narratives.
For instance, an AI conference could indicate rising interest in AI tokens.
We also saw how Trump's incident led to a rise in related meme tokens.
â Follow Smart Traders: Simply learn from and monitor those who have a track record of identifying trends early.
â Stay Active on Social Media: Platforms like Twitter and Reddit can provide early indicators of shifting market sentiment if you follow the right people
â Study the First Mover: Sometimes, all it takes to start a narrative is a successful first mover. Studying it and bidding on the right derivatives can make you profit.
It's imperative to note that narratives can be short-lived, sometimes they last longer, but timing is crucial.
Your goal is to spot the trend early, buy the right token in that trend, secure your profits, and be ready for the next opportunity.
If you miss the start of a narrative, it's usually best to wait for the next one, as investors quickly move on to new trends.
This strategy, like most trading strategies require practice and experience but understanding and trading narratives can significantly enhance your profitability in Web3.
Keep learning and adapting to stay ahead in this fast-paced market.
If you found this helpful, leave a comment for more insights like this.