CeFi, Banning Bitcoin, Chumbi Valley, Dust attack... - 62nd 🐯 curation digest

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@HODLCommunity presents to you the 62nd LeoFinance Curation Post

We feel very excited as we think we will address one of the most important issues on the leofinance.io platform: Curation.

We truly hope, big stakeholders will support this initiative in order to spread rewards to some amazing writers.

Our goal is to support content creators and generate qualitative interactions between LeoFinance users.

We will set a 5% beneficiary for every author selected in this curation report.

So Lions 🐯, let's roll !

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LEOFINANCE vs leonicornswap - who keeps the LEO tag? by @badbitch

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I've come to observe some name competitions when it comes to Leo, the first was the "bitfinex leo coin" which is a practical shit to me, not even the slightest value in that shit to keep it alive in the long run. Then again, I stumbled on "leonicornswap" today, and I'm like, wow, so much for the name.
Notice that "leonicornswap" is written in lowercase, if you've guessed the reason then you're a true lion Cub ;)

Very interesting. We real lions know ourselves and while we understand that most of these DeFi protocols need to be a little centralized, most are progressing towards full decentralization, which is how it’s supposed to be, not progressing towards more and more centralization, I don’t know about other people, but for me, there are already too many red flags for me to remain interested.

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Only Way To Avoid A Dust Attack Is Not To Trade It by @readthisplease

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Dust attack is a way scammers or hackers use in hacking cryptowallets, they do this by sending dusts. Dusts are token units that are not noticeable and have extremely insignificant value. The value is so small that it’s not noticeable.

I’ve seen this quite a few times from victims who report about it but i never really paid attention and it’s also getting more popular especially with NFT’s, hackers send malicious worthless NFT’s to random wallets and once it’s claimed or traded they gain access to the wallets. It’s crazy Wild West. Everybody needs to be vigilant.

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Chumbi Valley - the new farming nft game!! by @jhonasanagon

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What is Chumbi Valley?
Chumbi Valley is an in-development blockchain game that will eventually launch on Android, iOS, and PC. Every item and creature in the game are tokens or NFTs. Players will nurture Chumbi, a mythical creature that is central to the game, along with tending their farms and exploring randomly generated terrain.

The expansion into several nooks of the metaverse is exciting. Soon everyone will be occupied by being immersed in one game or the other finding sources of revenue for themselves, what’s even more interesting is that what we are presently seeing are merely only the foundation of these things, eventually there will be the addition of VR capability that will provide even more immersive experience across all these gaming platforms. Nice to see another blockchain game step up to the race.

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Flaws in Centralized Finance by @benie11

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The сrурtосurrеnсу wоrld has wеlсоmеd the advent of Dесеntrаlizеd Finаnсе (DеFi) and thе hype iѕ unlikеlу to subside anytime soon. If you wаnt tо lеаrn mоrе аbоut DeFi аnd understand how it саn benefit you, thiѕ article will hеlр уоu. Trаditiоnаllу, thе finаnсiаl mаrkеt has аlwауѕ bееn a сеntrаlizеd unit. The central mоnеtаrу аuthоritiеѕ аrе rеѕроnѕiblе for issuing regular currency, whiсh is then distributed thrоughоut thе есоnоmу.

I’m not a fan of CeFi, it has always been restrictive and lope sided, favoring one side and ignoring the other. Another thing that puts me off is that they aren’t transparent as you’ve stated, back door operations and suitable for only those close within the system.

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Why is banning Bitcoin in China a good joke? by @bala41288

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In the last two years, BTC has been having one of its best times in History. We will be able to see that from the charts themselves. Compared to the previous years of Bitcoin, in the last two years, BTC reached its top price in history. I'm glad to see that in the last 2 days BTC has been pumping again making the price move towards its new all-time high.

Good thinking. The problem though is that when occurrences like that happen, people, or let me say myself, I usually don’t know how low it will go, we all try to avoid buying low only for it to go lower, once I can nail how to spot the floor then it will be a easy trade from thence, buy low sell high on repeat and before you know it you’ve accumulated some sums. I did do some trades with Hive on this recent pump though, I plan to buy back lower, if things work out as I plan I should significantly increase what I sold in the first place.

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This post is created by @mistakili to curate quality content on LeoFinance.

Hive on !

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Delegate to @hodlcommunity

If you would like to delegate some HP to our community and support us; we give you back 90% of the curation rewards on a daily basis ! APR > 12% !

We are also currently working on a LEO Power delegation service for the Leofinance Community.

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4 comments
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Thanks for picking my blog 😍😍 @mistakili ill give some updates and blog in my hive thanks tbh i appreciate this to choose my gaming activity.

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