Everything will be tokenized and connected by a blockchain one day_ Fred Ehrsam

After dedicating some weeks to understanding the pros and cons of decentralized finances, I discovered my strength lies in the fundamental analysis of a coin.

Fundamental analysis of a coin refers to the process of researching the underlying factors that determine its value. It helps to know whether a specific coin is overvalued or undervalued.

I know what you are thinking right now. Do you think I’m a token analyst? Well, no, but I do have a deep understanding of tokens.

So here’s a simple overview of what I have been able to grasp so far.

What is decentralized finance?

Decentralized finance ( DEFI) attempts to eliminate the fees banks and other financial services companies charge while promoting peer-to-peer transactions.

Anyone with an internet connection can access decentralized financial (Defi) services.

Fundamental Analysis of Decentralized finance

Of all the ways to identify a good or solid token, these are the most basic and important ones; understanding each of them and what they imply is very vital to your basic fundamental analysis.

Indices of a Good Token

Team: A group of experienced developers who develop a token.

Community: It is a global network of individuals and organizations that are interested in the development and advancement of a token.

Supply: This is the total amount of coins or tokens that have been created or minted and are in circulation, including those that are locked or reserved.

Use Case: This is the functional aspect of Defi solutions, illustrating how they can be used in real-world situations to provide value.

Venture capitalists are groups of investors pooling their money together to invest early in a token so as to multiply their investment when it becomes successful.

Past Performances: This aims to study a token past performance.

Whitepaper: This is a detailed document outlining a project’s concept, technology, and potential benefits.

Market capitalization: This is the total value of all coins that have been minted.

Blockchain: Blockchain technology is a permissionless network that can be used by anyone and ensures that network services can be maintained indefinitely without the aid of any individual or central authority.

Major Listing: This is the inclusion of a Defi token on prominent exchanges or its integration into significant Defi platforms.

Ways to Earn on Defi Without Capital

• Airdrops: This is a marketing stunt in which a cryptocurrency project or company makes an unsolicited deposit of a coin into numerous digital wallets as a way to grab attention and encourage adoption of the cryptocurrency.

• Ask Me Anything (AMA)Session: The CEOs of certain cryptocurrency projects most often host sessions for their coins in order to boost exposure and reward people for just asking questions based on a token. Once your question gets selected, you get your rewards.

• Blockchain Jobs: These are developers who research, design, and build a new platform, as well as offering business ideas and plans for the future.

How I Leverage My Defi Knowledge To Write Copies For A Trading Application.

Photo by Ben Maffin on Unsplash

Using my knowledge of decentralized finances (Defi) to create compelling and effective copies. Here are the steps I took to accomplish it:

1. Understanding My Audience: I was able to identify who my target audience is, tailoring my copies to their interests.

2. Simplify Complex Ideas: I was able to breakdown concepts into easily digestible explanations.

3. Highlight Benefits: I was able to highlight the benefits by explaining how it can solve problems.

4. Accurate and Updated: I ensure my copies reflect the latest trends, updates, and regulatory changes.

5. Built Trust and Credibility: I wrote copies of testimonials from satisfied users to enhance trust.

6. Included Calls to Action (CTAs): I made my CTAs clear and compelling, guiding the audience on the next steps they should take.

7. Monitor Performance: I track the performance of my content. Using analytics tools to see what resonates with my audience and optimize my copies accordingly.

Thank you for reading. If you enjoyed reading my article, consider clapping for it, dropping a comment, or following me here.

If you have any feedback that will improve the quality of my article, feel free to contact me by email at lholabakare97@gmail.com.