December 12th, 2022

New to NFTs? Six NFT Mistakes to Avoid

We all know that the NFT has many forward-looking potentials and utilities. As you find more NFTs trading in different marketplaces, you start to wonder what you should do next- “To buy or not buy”. Here are 6 NFT trading mistakes to avoid for newbies.

Mistake 1- Not promoting your NFT

After buying the NFT that you like, that NFT is yours. Most people have this mentality that the creator should be the one promoting, and as holders of the NFT, let’s sit back to watch the prices grow.

I’m afraid that’s not right. If you promote your copy of NFT, your unique NFT could be the one that gets sold the fastest. Always remember you control your assets. There is no need to wait for the creator.

Mistake 2- Flipping it too fast

In the bull market, you have heard from NFT experts that they flipped their NFT 100X in an hour for millions of dollars.

Yes, this is possible back then. Right now, at this bearish market, you need to think long-term. You bought something that you feel has good value and potential. You bought a low price, and you do not mind keeping it. This kind of mentality will bring you far. “Good things take time”- remember this.

Mistake 3- Buying it on the wrong marketplace

There are many NFT marketplaces in the space right now. Some of them are more controlled; They filter what can be listed and remove items that are unsuitable, not authentic or with copyright issues. While some are more open, adopting an “anyone can list” model, they have minimum supervision, and anyone can list almost anything on their platform.

If you choose the latter, you could be buying a fake and when you realize that, you are too late. There is no one attending to your complaints. And yes, there is no refund too. Hence choose wisely.

Mistake 4- Buying an NFT that you do not like it

This is a real example. I have friends flexing their apes and punks as profile pictures merely to show they are well-to-do. But the fact is they do not like them. One guy told me he likes tiger more and is his good luck animal, but there isn’t a big blue chip tiger NFT project. So he bought the monkey.

My sincere advice to all is to buy something you like, not just for the value. I purchased an NFT at $0.01 from Bybit NFT marketplace last month. It is affordable, has potential, and most importantly I like the colours and I am keeping it. This is how it should be. There is no stress about it.

Mistake 5- Not using the right tools

There are many groups out there who are giving you tips on which NFT to buy. You can take their advice, but I suggest you do your own research before agreeing to their advice and committing to your first NFT.

Many NFT tools in the market right now help you with your decision. For instance, some tools allow you to check on the rarity types. Some tools allow you to analyze the volume and tell if any wash trading is involved. Stop guessing. Use the right tools!

Mistake 6- Listening to the wrong consultants

NFT creators who listened to the wrong consultants are another common thing. They tend to hire the more expensive consultants thinking they know it all. Based on a survey I have conducted with corporations which have launched their NFT, they paid $300,000 on average to the consultants to start the ball rolling.

I would advise corporations and even for individuals to look online for resources before hiring consultants. I know of NFT studios who helped fellow creators by sharing their resources for free and helping them to list on platforms with zero cost. One of the groups that I founded in 2006 is doing just that. They groom NFT rising stars, front the NFTs for them and do not ask a single cent from the creators. I think the spirit of sharing is essential, and they did it all correctly.

I am not here to put up any sale propositions. I want to see more people entering the NFT market with ease. And that is also the reason why I launched my book- “NFT: From Zero to Hero by Anndy Lian” in August.

An NFT or non-fungible token is a unique digital identifier that is recorded in a blockchain and used to certify authenticity and ownership. Remember the above. NFT is not a profile picture or just another speculative product. The real value is in its utility. Do not make this mistake as well.

Featured image generated via HackerNoon Stable Diffusion prompt of ‘bored apes making sales at a lemonade stand.’

Source: https://hackernoon.com/new-to-nfts-six-nft-mistakes-to-avoid

j j j

December 10th, 2022

Awesome Gang: Interview With Author Anndy Lian

Tell us about yourself and how many books you have written.
My name is Anndy Lian. I have provided advisory across a variety of industries for local, international, public listed companies and governments. I am an early blockchain adopter and experienced serial entrepreneur, book author, investor, board member and keynote speaker. I have written two books. The first was “Blockchain Revolution 2030”. The second is “NFT: From Zero to Hero”.

What is the name of your latest book and what inspired it?
NFT: From Zero to Hero is my latest book. Zero to Hero is a call to anyone and everyone excited about the prospect of the world of NFT. Bound by imagination only, the NFT space is still in its early days, and early adopters can be a “heroes” in their search for new possibilities.

Do you have any unusual writing habits?
I like to walk around during the brainstorming periods. And usually lying on the bed when writing.

What authors, or books have influenced you?
Books about Lee Kuan Yew, the founding father of Singapore, influenced me the most. For example, “The Singapore Story: Memoirs of Lee Kuan Yew” is a book about his personal and political life and provides a blow-by-blow chronicle of his dealings with political groups and leaders, both Malaysian and international, on the road to independence.

What are you working on now?
Currently, I am appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. I am still working on good investments on the side. I still hope to contribute my knowledge and expertise to a good crypto company in the near future.

What is your best method or website when it comes to promoting your books?
I do believe being active on social media will help. Of course, having a community that believes in you helps much too. Community-driven, word-of-mouth promotion works the best.

Do you have any advice for new authors?
New authors should look at publishing their books in new formats like NFT or on Web3 platforms too. Trying something new can bring you surprises too.

What is the best advice you have ever heard?
Focus more on the present — Don’t regret the past and don’t be anxious about the future. Appreciate what is happening right now.

What are you reading now?
I am reading “Steve Jobs” by Walter Isaacson right now.

What’s next for you as a writer?
I am working on a picture book and another on cryptocurrency trading strategies.

If you were going to be stranded on a desert island and allowed to take 3 or 4 books with you what books would you bring?
The Universe in a Single Atom: The Convergence of Science and Spirituality by Dalai Lama would be the book. I always wanted to complete this book but did not find the time to finish it.

Adding to the stranded island list would be Proof Of Stake: The Making of Ethereum and the Philosophy of Blockchains Paperback by Vitalik Buterin and The Mamba Mentality: How I Play Hardcover by Kobe Bryant.

Author Websites and Profiles

Anndy Lian Website

Anndy Lian Amazon Profile

Anndy Lian’s Social Media Links

Goodreads Profile

Facebook Profile

Twitter Account

Here is the link to my featured author interview post on AwesomeGang.com

https://awesomegang.com/?p=1056616

https://awesomegang.com/author-interviews/

j j j

December 10th, 2022

Hooked Protocol price prediction: What is HOOK?

We’ve heard of earn-to-play tokens but what does a learn-to-earn cryptocurrency exist?

Now it does!

The Hooked Protocol (Hook) is one of the first platforms to incorporate GameFi technologies with learning and cryptocurrencies by teaching new and experienced crypto investors about the world of Web3 through playing games.

Even though its native token, HOOK, was launched on 1 December 2022, the token is already making headlines with a surge of more than 40% on its second day of existence.

What does the Hooked Protocol price prediction suggest?

What is Hooked Protocol (HOOK)?

Hooked Protocol is the “on-ramp layer for massive Web3 adoption to form the future of community-owned economies”.

The application was created with the aim of helping everyone, whether they have had previous crypto experience or not, enter, own and earn a share of crypto through a gamified experience. In addition, the platform is providing crypto investors with a number of learning and earning tools, via gamified learning, that will help them enter and adapt to the world of Web3 through playing games.

Its most prominent game is Wild Cash, “the all-in-one Learn-to-Earn dApp [decentralised application]” that rewards users in GOLD tokens for their participation in “delicately tailored quiz challenges”.

According to the Hooked Protocol website, Wild Cash is the first and only Web3 application to dominate a Google Play ranking ever having achieved more than 2.5 million monthly active users, over 50,000 new users and 90% of user participation in three months after its launch (the DApp was launched in the third quarter of 2022).

The platform is targeting “billions of Web2 internet users who can be onboarded to Web3” through its learn-to-earn initiative in order to solve one of the biggest unresolved challenges of the crypto industry – the lack of new users.

“Potentials for intrinsically dynamic modern virtual economy after covid are recognized and scaled up, leading to upsurging demands for trusted cooperation and sustainable economic model in Web3,” Hooked Protocol said in its whitepaper.

The platform has a dual token system:

HOOK: its governance token that reflects the value of the Hooked protocol ecosystem
Hooked Gold Token (HGT): an in-ecosystem only utility token through which the community is incentivised.

Apart from governance, HOOK is also used to pay for gas fees in on-chain activities and staking incentives as holding rewards. In addition, by holding HOOK tokens, community members may gain access to exclusive events and grants to buy limited editions of in-platform non-fungible tokens (NFTs).

“HOOK will be put into innovation practices which overall benefit the ecosystem of both individual participants and businesses, ensuring considerable liquidity and token value will grow in direct proportion for the success of the whole community,” the coin’s whitepaper noted.

A bullish start in a bear market

HOOK launched on CoinMarketCap on 1 December 2022 and within a day had gained over 40%, up from $2.0626 to $2.9016, its all-time high. In general, HOOK has had a pretty bullish start, a significantly positive aspect in an overall bear market.

The bull run in the coin’s price, however, did not last long as it lost over 20% of its gains on 2 December 2022, dropping to around $2.30 as the platform warned investors on Twitter that all HOOK tokens for sale on PancakeSwap were fake.

HOOK to USD price chart, December 2022

_{Source: CoinMarketCap}

By the following day, the cryptocurrency managed to regain some of its losses, rising 13.8% to $2.617, but soon fell back down to $2.15.

Between 3 and 4 December 2022, HOOK fluctuated between $2.10 and $2.30 before surging twice, first by 15.8% to $2.4904 from $2.15 and then by an additional 1% to $2.517, possibly hiked by the platform’s whitelist giveaway.

Since surging to $2.517 on 4 December 2022, HOOK’s value has been dipping, down by 9.8% to $2.27 as of 7 December 2022.

According to data published on CoinMarketCap, as of 7 December 2022 the total number of HOOK coins in circulation is capped at 500 million. The cryptocurrency does not have a maximum supply, meaning that an unlimited amount of tokens can be mined. HOOK’s circulating supply stands at 50 million.

Latest news driving HOOK

Perhaps, some of the biggest news, news driving HOOK in recent days is the token’s listings on major exchanges.

On 2 December 2022, PancakeSwap announced that “the HOOK fam is now live on” the platform, meaning the token was available for purchase on the crypto exchange.

In addition, the HOOK cryptocurrency has been highly driven by the completion of the Hooked Protocol subscription launchpad and its listing on Binance, one of the most popular crypto exchanges worldwide.

According to a press release published by Binance, over 114,000 investors committed more than 9 million BNB during the subscription period, showing high interest for the HOOK cryptocurrency.

In other news, on 5 December 2022 the Hooked Protocol platform announced the end of its very first Hooked Web3 Quiz Maker Contest, which saw the winner scoring $100 equivalent of HOOK, with the platform promising more “fun” to come soon.

In a blog post published on Medium on 5 December 2022, the Hooked Protocol noted that the platform is working on bettering its user acquisition methodology in order to further expand the platform on a more global level.

In addition, the Hooked Protocol will focus on user engagement by “adding more content and developing new features to keep users engaged”.

Finally, “on the user rewards and commitment side” the platform is planning to launch an incentive mechanism in the following weeks.

HOOK is also planning to launch a product roadmap and airdrop plan.

So, what is the overall sentiment on the future Hooked Protocol price prediction?

Hooked Protocol price prediction

According to data provided by BitNation, as of 7 December 2022 the Hooked Protocol Price prediction for 2023 sees the token surging to $6.29 and reaching $9.44 by 2025. The website’s long-term Hooked Protocol coin price prediction saw the coin rising to $15.52 by 2028 and $22.02 by 2030.

DigitalCoinPrice also supported the bullish Hooked Protocol crypto price prediction, seeing the token averaging $5.73 in 2023. The website’s Hooked Protocol price prediction for 2025 saw the coin surging past an average of $9 and exceeding $11 in 2027.

The website’s Hooked Protocol price prediction for 2030 saw the token passing an average $32.

Anndy Lian, chief digital advisor at the Mongolian Productivity Organisation and author of NFT: From Zero to Hero, told Capital.com that the recent HOOK price surge was due to the cryptocurrency’s listing on Binance:

“Based on past track records for Binance Launchpad projects, users highly value such projects. Hence hitting numbers like this are not uncommon.”

He also added that, at the time of launch, only 10% of the tokens were in circulation, which, according to Lian, is an easier amount of currencies to manage.

“I would like to see how Hooked Protocol fairs in the bear market and how ‘quiz-to-earn’ rewards can be sustained over a more extended period. A similar comparison with GMT would be fair too. I remember them jumping to $3.80, and then their price plummeted 90% shortly. If they can manage the rewards, continue to build on its community and use base. They could be a considerable force to reckon with.”

To conclude, Lian noted that in the long run, only time will tell on where the Hooked Protocol price prediction will head.

The Hooked Protocol whitepaper also shared an outlook on what could potentially affect the future HOOK price predictions noting that the coin’s “long-term value is tied with the confidence people hold for the project but as opposed to HGT, supply of HOOK is fixed and designed to be deflationary”.

Note that HOOK/USD predictions can be wrong and shouldn’t be used as a substitute for your own research. Always conduct your own due diligence looking at fundamental and technical analysis, a wide range of commentary and latest news. Remember that past performance does not guarantee future returns. And never trade money that you cannot afford to lose.

Source: https://capital.com/hooked-protocol-hook-price-prediction

j j j