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Daniil Karelin

Crypto expert
Joined January 2022
9
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EncentiveEncentive was edited byDaniil Karelin profile picture
Daniil Karelin
June 8, 2022 4:47 pm
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Encentive

Encentive is the world’s first Fiat-DeFi integrated Web3 OS. We enable turn-key deployment of Web3 applications including DeFi, NFT, GameFi, and more.

It is a decentralized platform to reward users of DEX or other crypto projects.

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The project has many incentive tools that will allow communities, projects and users to gain quick access to operational activities, encouraging them to provide liquidity to selected projects.

At the same time, due to its decentralization, the Encentive project guarantees security, ease of converting and storing information.

Problems of blockchain project development

Most blockchain projects face two main challenges: the difficulty of creating an initial community and the difficulty of finding and motivating contributors. Each project has to learn from scratch how to properly create and motivate participants without financially destroying the project itself. At this stage, any serious mistake can completely bury the entire project. To avoid this, the Encentive project offers to solve problems with a whole set of tools:

  • The Web3.0 Tool. It includes Encentive UI and Encentive SDK. The first provides users with a graphical interface for operational activities in managing the DAO. Second, it allows developers to directly interact with contracts and integrate operating modules into decentralized applications.
  • The Operations Component Template. It is a set of ready-made templates for rewarding users for staking, providing a liquidity pool, voting, etc. Users can choose any template they like and customize it for their project.
  • The Web3.0 Resource Marketplace. A platform for the exchange of information, services and codes between various crypto projects.
  • The Underlying Support. Basic support will include Encentive and Encentive Node core contracts. To do this, the Encentive project itself was built on the basis of the Ethereum and Layer2 blockchain.
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TGE
was edited byDaniil Karelin profile picture
Daniil Karelin
February 25, 2022 3:17 pm
Initial Exchange Offering (IEO)Initial Exchange Offering (IEO) was edited byDaniil Karelin profile picture
Daniil Karelin
February 25, 2022 3:16 pm
Initial Dex OfferingInitial Dex Offering was edited byDaniil Karelin profile picture
Daniil Karelin
February 25, 2022 3:15 pm
Initial Coin Offering (ICO)Initial Coin Offering (ICO) was edited byDaniil Karelin profile picture
Daniil Karelin
February 25, 2022 3:15 pm
BrokerBroker was edited byDaniil Karelin profile picture
Daniil Karelin
February 22, 2022 11:40 am
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Broker

Person who arranges transactions between a buyer and a seller, and gets a commission when the deal is executed

This is a legal entity that acts as an intermediary between the seller and the buyer in different financial markets.

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Brokerage activity in the securities market is a licensed type of activity. To obtain a license in most countries, you must complete special training and pass an exam.

Types of broker
  • Exchange broker. An exchange broker is required to have a license and be registered on the exchange or be a member of it. A broker in the securities market is a trade representative, a legal entity, a professional participant in the securities market, who has the right to conduct transactions with securities on behalf of a client and at his expense or on his own behalf and at the expense of a client on the basis of reimbursable agreements with a client. An exchange broker can make transactions indirectly, through specialists in various types of activities, as well as through dealers. The client gives the broker an instruction to complete a transaction, including such parameters as quantity, delivery time, price. The broker is obliged to provide a report on all transactions made on behalf of the client. Most often, transactions on the stock exchanges are carried out through brokerage houses.
  • Business broker. A business broker is a legal or natural person, an intermediary between the seller and the buyer of a ready-made business, an agent of business mergers and acquisitions. A business broker acts as a mediator in relations between the two parties, works in the interests of the transaction process.
  • Customs Broker. This is an individual or legal entity that represents the interests of clients in the preparation of documents in the customs authorities. Additionally, it can provide a range of logistics services for export-import operations.
  • Insurance Broker. An insurance broker is an independent subject of the insurance market, which, for a fee, carries out brokerage activities in insurance or reinsurance on its own behalf in the interests of its clients (persons with a need for insurance or rights of claim against the insurer). An insurance broker is looking for a suitable company (group of companies) for a client that provides optimal insurance conditions. If an insured event occurs, the broker helps the client to receive a refund. The insurance broker is also responsible for the payment of insurance premiums by the client.
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Liquidity provider
was edited byDaniil Karelin profile picture
Daniil Karelin
February 4, 2022 1:40 pm
Article  (+25/-13 characters)
Yield farming
Additional passive income
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Liquidity provider
was edited byDaniil Karelin profile picture
Daniil Karelin
January 31, 2022 4:26 pm
Article

Liquidity providers can earn more with Yield farming. It’s an additional way that helps the liquidity pools be sure that you won't take off money anytime. After a man became the provider, he gets loyalty points (LP-tokens). These tokens he can exchange into cryptocurrency (thus take off his investments) or put them in yield farming. It's a place where tokens freeze and you can’t take off it for a definite period of time. For this, you will get passive income. It looks like a long-term bank deposit.

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Liquidity provider
was edited byDaniil Karelin profile picture
Daniil Karelin
January 31, 2022 4:24 pm
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Liquidity provider

A liquidity provider is a man who invests his money (fiat or cryptocurrency) into a liquidity pool and is receiving passive income.

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The liquidity provider is a part of DeFi sectors and services the liquidity pool. The liquidity pool can compare with currency exchanges where people can buy or sell foreign currency. But the liquidity pool works with cryptocurrency.

How it works:

Every liquidity pool needs a stock of money for exchange. And the liquidity provider gives it. For this, they get an interest income from every transaction. The main problem for liquidity providers is looking pool that works with many clients. It’s difficult because not all pools publish reports.

Yield farming

Liquidity providers can earn more with Yield farming. It’s an additional way that helps the liquidity pools be sure that you won't take off money anytime. After a man became the provider, he gets loyalty points (LP-tokens). These tokens he can exchange into cryptocurrency (thus take off his investments) or put them in yield farming. It's a place where tokens freeze and you can’t take off it for a definite period of time. For this, you will get passive income. It looks like a long-term bank deposit.