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CryptoAsker Latest Questions

cryptoacademy
cryptoacademyExperts
Asked: February 25, 2022In: Crypto Earning

What Is Play-to-Earn and How to Cash Out?

What Is Play-to-Earn games and How to Cash Out?

  • 0 Answers
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Answer
cryptoacademy
cryptoacademyExperts
Asked: February 25, 2022In: DeFi

What is Ronin Wallet?

What is Ronin Wallet is a crypto wallet?

  1. Gemblue
    Added an answer on March 2, 2022 at 12:00 pm

    As referenced, Ronin Wallet is a crypto wallet that works on the Ronin organization, which is an Ethereum sidechain. It's accessible as a program augmentation or versatile application (Android and iOS). The Ronin wallet permits you to collaborate with the famous game Axie Infinity, notwithstanding oRead more

    As referenced, Ronin Wallet is a crypto wallet that works on the Ronin organization, which is an Ethereum sidechain. It’s accessible as a program augmentation or versatile application (Android and iOS).

    The Ronin wallet permits you to collaborate with the famous game Axie Infinity, notwithstanding other Decentralized Applications (DApp) running on the Ronin blockchain. In the wake of making a Ronin Wallet, you will actually want to sign in to the Axie Infinity Marketplace to make your record and play the game.

    You can likewise utilize the Ronin Wallet to send and get digital forms of money and NFTs without paying high gas charges. At present, Wrapped Ether (WETH), Axie Infinity Shard (AXS), USDC, and Smooth Love Potion (SLP) can be put away on your Ronin Wallet.

    AXS and SLP are ERC-20 tokens that players can procure by finishing every day journeys and engaging different players on Axie Infinity. As of November 2021, you can involve AXS and SLP for reproducing new Axies. Later on, in any case, AXS rearing prerequisites are relied upon to be taken out as the symbolic will be utilized as an administration token in particular. You can likewise exchange SLP on crypto trades like Binance. As Ronin Wallet is presently incorporated on Binance, clients can move their NFTs and cryptographic forms of money straightforwardly, paying negligible gas expenses.

    To make a Ronin Wallet, you can introduce the augmentation on Chrome or Firefox. On the other hand, you can likewise download the portable application on the Apple Store or Google Play. Be cautious with counterfeit applications.

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cryptoacademy
cryptoacademyExperts
Asked: February 25, 2022In: DeFi

How to buy an NFT mystery box on Binance?

How to buy an NFT mystery box on Binance Wallet?

  1. summer93147
    Added an answer on April 6, 2022 at 12:29 pm

    How do I buy an NFT? For NFTs with a fixed price, click the [Buy] button on the product page and complete the transaction. Once the transaction is successful, we will transfer the NFT to your wallet and the seller will receive the funds.

    How do I buy an NFT? For NFTs with a fixed price, click the [Buy] button on the product page and complete the transaction. Once the transaction is successful, we will transfer the NFT to your wallet and the seller will receive the funds.

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cryptoacademy
cryptoacademyExperts
Asked: February 24, 2022In: DeFi

Who’s in control of DeFi 2.0?

With this large number of elements and use cases, it merits asking who controls them? All things considered, there has forever been a decentralization pattern with blockchain innovation. DeFi is the same. One of DeFi 1.0’s first tasks, MakerDAO (DAI), ...

defi
  • 0 Answers
  • 4 Votes
Answer
cryptoacademy
cryptoacademyExperts
Asked: February 24, 2022In: DeFi

Where can I stake NFTs?

As of December 2021, most NFT marking amazing open doors come from play-to-acquire games. MOBOX and Zookeeper are two models. A few activities are likewise creating NFT marking capacity on their foundation, like Binance Fan Token Platform and Doge Capital.

defi
  1. summer93147
    Added an answer on April 6, 2022 at 12:31 pm

    Where can you stake NFTs? JustLiquidity. JustLiquidity is a DeFi platform for staking with a unique NFT staking pool. You can stake JulD and JULb tokens for four weeks to earn special NFT like the BNB NFT cards. These earned NFTs can also be staked for higher rewards on the platform.

    Where can you stake NFTs?
    JustLiquidity. JustLiquidity is a DeFi platform for staking with a unique NFT staking pool. You can stake JulD and JULb tokens for four weeks to earn special NFT like the BNB NFT cards. These earned NFTs can also be staked for higher rewards on the platform.

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cryptoacademy
cryptoacademyExperts
Asked: February 24, 2022In: DeFi

What are the limitations of DeFi?

Prior to going further into DeFi 2.0 use cases, how about we investigate the issues it’s attempting to determine. A large number of the issues here are like the issues blockchain innovation and digital currencies face overall: 1. Adaptability: DeFi conventions ...

defi
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cryptoacademy
cryptoacademyExperts
Asked: February 24, 2022In: DeFi

What Is NFT Staking and How Does It Work?

NFT marking is a better approach to procure automated revenue in the crypto world. It lets NFT holders lock their resources in DeFi stages to get rewards. All without the need to sell their NFT assortments. Like DeFi yield cultivating, NFT ...

defi
  1. summer93147
    Added an answer on April 6, 2022 at 12:32 pm

    NFT staking is a new way to earn passive income in the crypto world and lets NFT holders lock their assets in DeFi platforms to receive rewards, all without the need to sell their NFT collections, Binance explains

    NFT staking is a new way to earn passive income in the crypto world and lets NFT holders lock their assets in DeFi platforms to receive rewards, all without the need to sell their NFT collections, Binance explains

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cryptoacademy
cryptoacademyExperts
Asked: February 23, 2022In: Bitcoin

When is the next Bitcoin halving?

The next halving is expected to take place in 2024, when the reward will drop to 3.125 BTC. Keep an eye on the countdown with Binance Academy’s Bitcoin Halving Countdown.

bitcoinbtc
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cryptoacademy
cryptoacademyExperts
Asked: February 23, 2022In: Bitcoin

How does the Bitcoin halving work?

When Bitcoin launched, miners would be awarded 50 BTC for each valid block they found. The first halving took place on November 28th, 2012. At that point, the protocol reduced the block subsidy from 50 BTC to 25 BTC. The second ...

bitcoinbtc
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cryptoacademy
cryptoacademyExperts
Asked: February 23, 2022In: Bitcoin

What is the Bitcoin halving?

A Bitcoin halving (also called a Bitcoin halvening) is simply an event that reduces the block reward. Once a halving occurs, the reward given to miners for validating new blocks is divided by two (they only receive half of what ...

bitcoinbtc
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