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The latest database of the HYIP list. We review the latest HYIPs and have categorized these platforms in terms of payment status and you can identify scam HYIPs.

There have always been many questions about HYIP, including how to invest, quality and stability, etc. This page intends to give you an overview of how to choose the best and right HYIP.

What is HYIP mean?

HYIP or a high-yield investment program is a type of investment in which operators launch an online platform that offers an investment program to give high returns to investors. The idea is to attract investors so that HYIPs invest in various industries such as agriculture, mining, steel, stock exchange, etc. Speculative trading in high-yield profiles can return the capital and profits of investors. Hyips are extremely risk-on investments as a few professionals are able to make this high return and manage it properly. So it’s really important to make the best choice in order to get a high profit.

What is HYIP monitor?

Hyip monitoring is tracking sites in order to check the programs and current status. By determining the amount of investment at different times it can be distinguished that which hyip is paying and which one is a scam. There are different monitoring methods. By reporting users’ investments and checking the current status of the hyips, the information of hyips are collected. Just keep in mind that the hyip monitoring you want to choose the right hyip must be completely up to date and reliable.

hyip monitor

What we can do ?

We are not hyip monitor. But we try to review different platforms and record their essential information, so you can make the best choice by looking at the hyip list and their payment status. A section of our website is dedicated to hyip review and our experts review the hyips carefully. We do not recommend investing in risky platforms in any way. So be sure to do this with a lot of research.

Is Hyip a Good Way to Invest?

Many people ask us: Is Hyip a good way to invest? The first thing that comes to mind when speaking about Hyip is its legitimacy. It seems essential to check the government’s laws for the legality of these programs in each country. Though how much does it correspond to reality and how much does it shows the actual state of affairs?

In this article we are going to make things clear, whether HYIP is legal and to what extent. We try to create a basis for the right understanding of the HYIP and laws.

High Yield Investment Programs are legal and legitimate measures. Because it is not more than a notion, defining the profit degree of the investment project.

When you give your money to someone, fond of betting or gambling, and he returns 100+50% to your money this is HYIP, and there’s no such country in the world, where this process can be considered a crime. (of course, if betting is not illegal of course, and the taxes are paid). What are the grounds? No legal grounds of fighting with the notion are possible and there can never be.

However, in some countries, the following formulation is possible: ”so-called” high yield investment projects are banned (the details are given below). Also the basic of these HYIP is described there. Not more. Unfortunately, we have no detailed knowledge about how exactly and in what country this question is regulated, but we can let you into the general part that has more or less international character. This general part is one and indisputable rule for every, without exception, country of the world.

What is a scam like in the HYIP?

Fraud refers to an activity aimed at getting blessings without the permission of the owner of these blessings. Besides, this activity excludes any physical impact, blackmailing, etc. A pyramid of any kind comes within this definition.

When we talk about such activities as fraud, we should remember the fact that they took place already. I.e. we talk about the situation when some scammer swindled someone to swindle. But here we deal with the HYIP as an economic phenomenon, under which both absolutely real projects, really high yield and unreal ones that are aimed at the fraud with the help of different tools.

On one hand, we speak about real high yield projects bringing profit to investors, owners, and the state in the view of taxes. On the other hand, we are talking about the projects imitating those projects: lotteries, pyramids of different kinds, auto surfing programs, and many other schemes. And it’s clear that in such a case, most often it is the matter of fraud, and hence of the illegal things.

Are legal grounds required to establish HYIP?

In any kind of deal which is linked with investments several members participate. The admin of the program, investor, state (as a watcher, arbiter, registrar), and sometimes the third, the one referring investors to this process. The state is the regulator of the relationships. If any disputable situation arises, the court should decide on this question.
In the real world, everything is quite simple. Economic activity without registering these processes looks practically impossible. In case the underground activity starts, hence it will be illegal. As a result, no matter where, on the territory of which state these processes take place, all is an illegal activity. That’s why for creating HYIP legal grounds are required.

But the rules online are completely different. We deal with the site. Notice that to regulate relationships we need a state. What state should regulate relationships between people if they live far from each other in different regions? Where should the admin be registered and process our relationships with clients?

Of course, some sort of the basis can be made for that in a separate state, making the registration, paying the taxes, and so on. Though this rule will work for a small portion of all the variants possible.

What is the main temptation?

Besides, the main temptation appears: why do we need to register at all? Internet is rather a free thing so that everyone could do whatever he/she wants, being far away from the all-powerful force of the law. And so it happens. Getting online, all these measures are found out of the law regulation. And indeed, in such a way the activity is completely illegal. If he gets the profit and handles some economic activity, he must have a registration, processing, and STATE regulation.

So, when a person does everything legally, being registered and honestly. In case one would open his site, he would place his address on it, and his HYIP would be legal.

What are the other types of legalization of hyipe projects?

Another variant is when one registers the site for legalizing his business. And he does that not where he lives. He makes it in some offshore zone where he would have to pay negligibly small interests. Then the site is registered, the real address of the office is written there and here the economic activity begins. Is it the legal HYIP? Entirely.

And the third type, well-known, old familiars, numerous HYIP that appear via the way described above. The site is made, the money is received from it, the interests are paid, though, there are not any links with the real-life, except for the admins’ existence. As we have already mentioned this activity is out of the law.

There above we said that some countries cut short the opportunities of creating fraud schemes. And all of them without exception prohibits Ponzi or any other schemes. In the upshot: any program that relies on future spending to pay the previous spending is classified as “Ponzi” and it can’t be legalized in the US, Great Britain, Australia, Canada, New Zealand, France, Germany, etc.

HYIP and MLM Schemes:

Some exceptions or ruse is MLM or games, however, this is also illegal on the territories of different states and the territory of some others all should be strictly licensed and ratified. If HYIP tries to place itself as a gambling game, nevertheless it should have a license and corresponding papers, if it claims to be legal.

Multilevel marketing (MLM) is a strategy some direct sales companies use to encourage existing distributors to recruit new distributors who are paid a percentage of their recruits’ sales. Then the recruits are the distributor’s “downline.” Distributors also make money through direct sales of products to customers.

We can understand from these facts that, investing money into Hyips can be extremely risky. To avoid the high risk involved with these kinds of investments you need to have a very solid and proven strategy. If you are not able to follow that kind of strategy, you will badly lose all your hard-earned money immediately or gradually.

Here are the most important strategies you need to implement in your daily investment activities with HYIPs.

1. Improve your knowledge about HYIPs

Most HYIP investors lose their money badly. Why? Because most of them lack knowledge and experience on how to deal in the HYIPs arena. They do not know how to choose a particular HYIP for investment, how to use strategies and techniques to manage their investment, etc. So after a while, they learn their lessons the hard way: they lose a lot of money and then try to make better decisions. Therefore, first, learn how to do all the hard things. Search, ask, and read.

 2. Make due diligence HYIP reviews

After that, you should carefully make due diligence and analysis about the particular HYIP you plan to join. Research and analyze as much information as possible before making any investments. Do not invest unless they have hard evidence that proves these investment opportunities will bring you profit. Verify the validity of a particular program’s real investment opportunities: They check the “WHOIS DATA” so that they can get detailed information about that business. Make the optimal research before investing their money.

The first step you should take before investing your money into a high Yield Investment program is to find out the most profitable and stable programs that could bring a nice return on your investment.

  • Making research on search engines like Google is the easiest way you can start.
  • Another tool for making research is Forums such as Quora. Forums are a great place to exchange ideas with people who have the same interest as you. Therefore, as a research tool, you have to visit known, popular, trusted, and professional forums and read what people are saying about different programs. You can also ask questions in these forums. But remember not to believe everything people are saying in forums. Because people are answering your question, by posting their referral link, who don’t care about you but their commission. Moreover, you should never depend on your research on a single forum.

Monitoring Sites such as Reviewscenter.net are another place where you can make your research. Note that do not depend on a single monitoring site and read all ratings given by the investors on the program you are making research.

3 . Diversify your portfolio

you should know that HYIPs are very high-risk Investment Programs. Every high yield investment program carries a calculated risk. Just like other investment opportunities, one of the best tools to minimize risks in HYIPs is diversification. You should properly diversify your money among several HYIPs. Diversification helps you to manage your investment wisely by spreading your portfolio over various programs. You should also learn how to distribute your investment over each program. Spread your investment proportional to the credibility of each program.  Do not over-invest and focus on the overall plan of your investment

You need to protect the money generated from your investment so it is necessary to take strong measures to protect your account safe.

4. Protect your account

Use proper anti-virus software, a firewall, and anti-spyware software to help keep your computer safe and secure. You must set up your computer operating system and Web browser software properly, and update them regularly. You should also use strong passwords or strong authentication technology to help protect your personal information. You should wisely use e-mail against fraudulent “phishing” emails and attachments which are often used to trick people into giving up personal info.

5. Use different compounding options

It is impossible to predict the life span of a particular HYIP. So it is important to take some mechanism to make your investment safe. One strategy is to properly use different compounding options. You should know how to Compound for a particular HYIP at different times.
You should get your original spend back as fast as possible, i.e. set the compounding option to 0% until they return your initial investment, then after, start compounding depending on the status of the HYIP. You should usually withdraw 50% of their profit by setting the compounding option to 50% after you return your initial investment. And, you should always keep on watching for red flags for a particular HYIP, if you come across them, keep on withdrawing by setting the compounding option to 0%.

6. Always watch for red flags of HYIP reviews

You should always act like a watchdog. Watch for important information about particular HYIP indications of potential problems or red flags, clues that an HYIP may be heading for a problem.

7. Be ready to lose

You should understand that high-yield investment programs are extremely risky. Therefore, you should always be prepared for any kind of loss. But, learn from your mistakes.

8. Work hard

The best way to make money is to work hard. So instead of risking your income. Work and earn money. If you have extra money, you can invest in HYIPs and platforms like that

9. You need to be able to quit HYIP at any time

Hyips are like gambling. What you add to your money and what you lose. What you have in common is that you want to stay in the hips and keep working. So leave it whenever you feel out of control. Remember, you can always avoid risk.

10. Choose a reliable HYIP monitor

Some investors ask how to choose a reliable HYIP monitor. Finding a reliable HYIP monitor is just as difficult as finding an HYIP. So do thorough research and find the right HYIP monitor that can instantly announce the status of the platforms.

11. What is Trusted HYIP?

Finding and selecting a trustworthy and good  HYIP can be challenging. And that is having this in mind that there are not many of those trusted ones, but on the other hand, you can find so many scams in the market. You should know that you cannot and must not listen to those, which are talking about the huge amounts of profits for smaller amounts. A trusted HYIP will tell you the truth about the market. Not exaggerated profit amounts, or telling you that there is no risk involved. There is risk everywhere. A trusted HYIP will tell you how much you get and how much you can lose, too.

These trusted investing programs should have live support as well as their essential information, too. Because they should be able to help you when you reach them. In addition to this, users’ opinions can be very helpful too. Consider every aspect to choose a trusted HYIP. From their information, where they are from, live support, letting you know about the risks, and also a have a professional team to lead you the way.

12. Best HYIPs

Best HYIPs ate the ones that have a minimum level of risk to lose your money. They have full information about how you can reach them if you have any problems or want to contact them. They have professionals to solve any problem you might have. Every structure works perfectly and as it should in their work.

13. HYIP Monitoring

HYIP monitor automatically sorts all HYIPs in one unique page, and you can easily sort them by any field. You can have all the information you need on this page. We control several HYIP monitors for you by checking the data several times. Since we are trying to invest in these HYIP projects, we need to check their current status. False information in this field of work can be destroyed.  So, the best HYIP monitors should provide you with updated information, without any involvement. If a program becomes a scam, these monitors should change their status quickly, so there will be no complications in that.   

14. HYIP Review

This is where you can read about all these HYIP programs. Reviews that we did impartially. Hyip reviews can help you to choose the best HYIPs in the market and know also the scam HYIPs that you should try to avoid. This is our work, to make reviews on HYIPs, new ones, and old ones, to check and monitor their status every hour of every day. This will make a big bank of data that you can find every piece by just searching some keys words. This section has a close relationship with HYIP monitoring, as that is obvious. This information contains news about HYIPs or the crypto market as well. So you can level up or chance of winning, and decrease that chance of losing, by just checking this updated news, and reviews about any HYIP that joins in the market every day.

HYIP business projects are well-known on the Internet and nowadays, every day people make money from these projects. First thing first, what is a Hyip?

HYIP investing is a kind of depositing the money in cryptocurrency that you can take it back with interest after a certain period and with certain conditions.

The terms and conditions are very different with these HYIPs. And that is because of the huge number of HYIP projects on the Internet.

Now, we are listing you all the types of HYIP projects:

• Low-interest HYIPs with up to 15% profitability per month.

• Average interest HYIPs with an anticipated profit of 15 to 60% per month.

• Highly profitable HYIPs with an interest rate of 60% and more.

• Hourly HYIPs (interest gets charged every hour).

• Junk HYIP funds.

For you as a beginner, a new investor, it is a very hard thing to differ from each one another. Because, each project has its tale and story, its terms of deposit, the rules that how you should operate in that project, how the interests are paid, every hour or once per month, the project’s payment systems, technical data, advertising campaigns, support groups and…

old.reviewscenter.net analyses and reviews all the HYIPs in many aspects and is trying to show you which HYIPs are worth or worthless of your investing and attention.

About HYIPs and their reviews, How to know that an HYIP is the best

The best Hyips should be chosen by many factors.m And you should know all the factors and elements, so you can choose better. To do so, we are here, old.reviewscenter.net’s monitoring. An HYIP’s design, technical data, license for scripts, payment systems, verification, adequate description, cost of hosting, convenience, and content of websites, and,… should be monitored and reported to all the investors. When an HYIP investment project has all these reliable elements and factors, it means it is one of the best.

Having the top and good rating is a very important factor that is considered in the Hyip projects investing market. If you own an expensive and well-designed HYIP project but are not reviewed as well as it should be, or without sharing any useful information and data about your work and project, you won’t get the demand of the investors and their interest in sharing your project in the social media.

Social media is one of the factors that will determine good and the best HYIP projects on the cryptocurrency market.

hyip investment safely

How to invest in hyip safely?

Well, the answer will be found if we cover some explanation first. As you know, and also we mentioned it before:

HYIPs is a term that is used for High Yield Investment Programs. They are the investments opportunities that offer you, the investors, very high returns on investments.

However, we know that these investments opportunities come with very high-risk progress. There are some names that you come across in this matter like Forex trading, Sports betting, gambling, … .

These are the kind of investment that has no guarantee on the return of your investment. This is a big problem, a big risk that makes a high yield investment program a very high-risk investment opportunity. The very term is explaining what is inside and what you should expect. And that is: expect everything! Everything can happen, or simply not happen in this world!

There are different kinds of High Yield Investment Programs. They do not invest at all. In the cryptocurrency market, we call them scammers or Ponzi. As a matter of fact, around 99% of HYIPs are either scammers or Ponzi.

Scammers collect money from investors promising them to give them a high rate of profit, and when they collect enough money they disappear with all the money that has been gathered from all the unfortunate investors.

This is essential that you know about these kinds of facts, so you can be in the HYIP business wisely. So, as a result, you need to be able to identify these scammers as they are fast and effective. This is where we come in, we show you which HYIP program is scam, ponzi or good to go. We are old.reviewscenter.net, the one that will give a prepare review on these HYIPs.

Now, with all of what we said it is so clear that investing money in high-yield investment programs is very risky. To stay away from and avoid these high-risk investments, you need plans on how to move in this market, to do so you need a guild, which is a review website such as us! There are experts behind these review websites, and they should review impartially. This is what we are trying to do. To give you the most important strategies you should have in your daily investment activities with HYIPs.

Check out these strategies with use:

1. Before Investing, First, learn What is the nature of HYIPs

It is unfortunate to say that most HYIP investors will lose their investment so bad when they had no idea they are going to get hit like this. This loss can be life-destroying.

Most of the investors don’t have enough knowledge, source, data, and experience HYIPs and how they should act and perform in the market. In another manner of speaking, they do not know how to pick a specific HYIP for investment in the first place. Or even how to manage their investment with what strategies and techniques to use.

Then, after they lose their money, part of it or all of into the scammers and ponies, they will learn that they don’t know anything! After this hard test, they know that they should pick up some hints about how to move their investment in the HYIP market. 

  • So, you don’t do that. First, learn what HYIP can be a scam and which one isn’t. You need some techniques and strategies.

2. Make a complete examination before making any investment choices

Before you make any decisions about entering your investment into any HYIP project, you should be careful and make a complete scan and analysis about the particular HYIP you are willing to join. The more research the better you get to know about any of these HYIP projects. Don’t invest under any circumstances unless you know that defiantly there are some. You can check and verify some of the validity of a particular program’s real investment opportunities: You can check the “WHOIS DATA”. By checking this option you will be able to get some information in detail about a particular business. Make the optimal research before investing their money.

One of the first steps in this matter is to find out which high Yield Investment Program is good enough to invest in and will give you profit in return. To do so, please follow the steps below: 

  1. Searching on the popular search engine, Google can be interesting and easy for you. You will be amazed at what you are going to find on Google.
  2. Forums are another ways to have your research done for the investment opportunity. Forums like trustpilot.com, is a place where you and many other people can gather together and talk about your experiences and opinions about these HYIP projects. Just know that these comments that you and others make should be honest, professional, and trusted. On the other hand, do not believe everything people are saying in forums. There are many scammers among them, too. Those who just want you to be their referrals. Ask questions, a lot of good questions, and try to have answers. 
  3. Make a research on many other possible forms, so you can have a better view on the end about that particular HYIP project is a scam or a legit one.
  4. Monitoring Sites, just like us old.reviewscenter.net, are another way to conduct your research. These websites will give a proper review based on the data they have on these projects. However, there are some steps that you should take and be aware of first.
  • You should not depend just on a single monitoring site
  • Big HYIP admins treat monitoring sites sometimes. So, when you see paying status on a review on the monitoring site, this doesn’t mean that the HYIP is paying all its investors.
  • Besides, without any treatment, an HYIP project is paying now, it doesn’t mean it will do the same in the future too. So, make your monitor on the monitoring sites up to date.
  • Read all ratings that the investors made on the program that you are making research.
  • Remember, the rating is a two side blade. Some people can review and rate bad because they like it or want to.

Now, as we said before these are the ways that you can have good research about a real investment opportunity.

3. Do not Put all of Your Investment in one, Make it for Several HYIPs

We mentioned this a lot, and by now you are aware of how serious this term is: HYIPs are very high-risk Investment Programs. Actually, it is safe to say that every one of these high-yield investment programs has some sort of risk. It is just important to minimize the risks and have a safe investment in HYIPs.

One of the ways you can minimize the risk is diversification. This rule will come in handy in every investment opportunity for you. Diversification helps you to manage your investment wisely by spreading your money and energy in different programs. You should do something else too, and that is know how to spread your investment over each program. ِDeploy your investment adequate to the reliability of each program. You should not over-invest. Just focus on the plans of their investment altogether.

4. You Should Always Protect Your Account and Make it Safe

This is very important that you keep what you have safe. Just by taking some steps, you can do it. Use anti-virus software, a firewall, and anti-spyware software to help keep your computer safe and secure. Keep your computer and its operating system, the web browsers updated and protected. You must use strong passwords and strong authentication technology to keep your computer and its web browsers safe, so you can keep safe your personal information and in the end your investment safe. Be aware of “phishing” emails and their attachments. These emails can trick you to reveal your personal information, and then they will empty your investments. Both in the cryptocurrency market and in every bank.

5. Have Back Your Principal as Fast as it is Possible

One of the biggest problems in an HYIP project is that you cannot know how much time you have with them. It is certain that they will be closed someday, but when is unknown. So, it is wise to get back what you invested as soon as possible.

To make this happen, you should use different compounding options. It is essential for you to know how to compound for a specific HYIP at different times. Put your compounding option to 0%, and when they return back your primary investment, then you can start compounding depending on the status of the HYIP. 

After that withdraw 50% of your profit and set a compounding option of 50%. Be aware of the red flags on the HYIP that you are investing in. If you see the red flag, keep withdrawing to have a compounding option of 0%.

6. Keep a close eye on The Red Flags

We mentioned this in the previous paragraph. Keep your information about the HYIP you are investing in up-to-date. Every clue, every sign that shows you that your investment is in danger, or the HYIP project is heading down toward troubles, are showing you red flags, so RUN!

You need to be able to identify what a healthy HYIP looks like, what Ponzi’s look like. Read more, and learn more. Be aware of how they act and what tricks these HYIP scammers have in their sleeves to cheat investors. How they take everything and left you with nothing, the money that you worked for.

7. Be Ready to Lose, This Can Happen!


Understand that high-yield investment programs are risky and there is pretty a good chance that you will lose someday. As much as it hurts, it is a true fact. It has risks, so by just simply entering into this market, hoping to gain something out of it, you can lose some part of what you have, even the whole! Learn from your mistakes and accept the loss.

7. Work Steady and Have

With a proper plan have self-discipline and work every day with all the energy and passion you have. This is how you can be close to your goal every day. Work steady and get consistent results.

9. Do not Quit!

Quitting is not an option. Do not give up on what you wanted. You know that HYIPs always have some risks, therefore work hard to avoid these risks. But, when things go wrong and get out of your control don’t give up, don’t panic. Keep yourself under control and keep working hard and steady and finally you will succeed. There is nothing in the world that can give you a fortune over a night, if so it can be blown away over a night too. So, be patient to see the result.

hyip investor

 How to start investing in HYIP?

High Yield Investment Program or HYIP  in the short form of speaking is a tool for generating initial investment for the Business. As we know, the most successful and best rating HYIP Programs are fixated on finding investors and then, sharing their income with investors as the interest.

The HYIP investment project’s design mostly relies on the core business and investment strategy the company chooses. Here are some well-known businesses to talk about them as models Forex, Oil, Trade, Crypto Trading, and Metal Trading.

Now, if you are looking forward to starting your own business and Hyip projects, then you can start to read our tips about how to start it. Briefly talking you can see the following tips:

1. You Should Have a Good Business Plan

To survive and to secure the funds, you should have a business plan for Investment. So, as it is clear now, you should think about a good plan to start your projects. The plan should minimize the risks and have an exit strategy. Your business plan should consider the following

  • Investment Plan ( Daily Plan, Weekly Plan, Monthly Plan )
  • Interest Plan ( Fixed Interest, Variable Interest, Compounding )
  • Referral Commission
  • Leval Commission
  • Joining Bonus / Exit Bonus
  • Partial Withdraw
  • Fees
  • Payment Gateway

Note: Your payment gateway choice is the key. Put it as your primary task.

2. Best HYIP Manager Script

Our number two on the list is: to have the best HYIP manager script. this authorizes you to set your own HYIP Investment plan, Referral, and Network Commission structure. Choosing the right HYIP Script is the key to your success.

3. Good HYIP Website Design

One of the factors that are very important and you must consider it very carefully is that you need a good web design. Sit down with your design team and think about the best idea that you can about your chosen web design for your own HYIP project. Because it is an important step. An inimitable style of presentation on your website will attract investors and add value to the program. This is a powerful tool that will help you a lot if you make it correct. You need just a perfect and creative design for your site to show to the world.

4. HYIP Promotion

In the early stages, you need to develop and boost your designed HYIP website. How? Well, through monitoring programs like us,old.reviewscenter.net Hyip monitoring website, or a review website again such as us, social networks, and…When you register your first 100 people on your website project, which is an HYIP project, the network will expand and gets improve easily with the Referral program and normal routine google SEO.

The business phase is a process. You must learn and improve every day. Because every day, even every hour, many new Hyip projects are adding to the market. A big market of rivels for your field of work.

Check out Other Projects on our Review Website

These were the hints you needed to know, not you are all set up. You can find more interesting articles and a lot of reviews on HYIP projects, ICO, Casinos,… on old.reviewscenter.net.

 5. Best investment

You can find out the best number of Bitcoin Hyip investment sites and their information or data on our monitoring page. With this information, you will know how to make money on the paying Hyip investing websites.

HYIP investing is one of the best investments that you can do in your life. As you know now, the price and the value of these cryptocurrencies are so high in these past years. So, with having the right information and by making the right choice in putting them into the best investment, you can get your profit faster than you think.


You will REACH THESE INFORMATION

Start Date of HYIPs

Achieve the exact start date of the project.

Minimum Withdraw of HYIPs Reviews

The minimum amount of money withdrawn from the platform.

Forum of HYIP Reviews

Links to the most popular forums where users talk about the platform.

investment plan icon

Investment Plans of HYIP Reviews

We announce all investment plans in the desired hyip.

Referral Program of HYIP Reviews

Percentage of commissions from inviting other people to invest in Hype

min and max investment icon

Min And Max investment of HYIP reviews

You can find out the minimum and maximum amount of investment in the project

whois icon

Whois of HYIP Reviews

You can reach the public database looking for information about platform’s domain , such as the expiration date , current register , registrant information , etc.

world rank

World Rank of HYIP Reviews

Links to Alexa which is a measure of website popularity. You can view the hyip ranks and global internet engagement .

Payment Processors of HYIP Reviews

You can find out what payment gateways are available for transactions on the platform.

security icon

Security of HYIPs

You can find out what the platform has done for security.

How the reviews center can help you?

As you know, there are many Hyip projects in the market. You can find a lot of HYIP monitors as well. Among all of these Hyips and Hiyp monitors, you can get confused. Why? Because you should know these projects can be trusted or entrusted in both ways. You should have helped to find these true and false claiming projects.

How should you recognize, what HYIP is a Scam and what HYIP is Trusted with HYIP Reviews

In this paragraph, we are trying to show you how you can recognize what is a scam and what is trusted and good to go. There are some elements you should pay attention to. One of these hints that we can provide for you to check is The joining of all the HYIP monitors in a joined place. Where, all the progressed HYIP are combined with a lot of extra parameters, IP, hosting provider, numbers, and quality of HYIP monitors, whois…

Is daily checking of HYIP Reviews essential?

Some of these Hyip programs may look perfect, but when it is due to deliver, they go rogue and won’t fulfill their promise. With our monitoring data, you can have updated data and news on these programs. We have monitored ranking, and always update these ranks, so we can be the best source of information for you.

In addition to all that we said, you should know that we are working in a neutral environment. We just check and monitor these Hyip projects and provide you with the data as it is. We do not advertise for our benefit for any of those HYIP projects. And there is an important fact, it is not a guarantee that a paying Hyip will keep paying in the future. Check or monitor and data whenever you want to invest in these Hyips. And do not invest when you don’t afford to lose your investments.

Elon Musk : Bitcoin is useless!

In a podcast interview with Lex Friedman, Elon Musk reiterated in response to recent rumors that he was not Satoshi Nakamoto.
However, he believes that computer scientist and cryptographer Nick Szabo is more responsible for presenting the ideas that led to the creation of the world’s first cryptocurrency. Of course, Sabo has denied such a claim. “Mask,” he said.
He claims he is not Nakamoto, but I’m not so sure. In my opinion, he is most responsible for presenting the ideas that led to the creation of Bitcoin.

Bitcoin speed is low!

Because bitcoin is so long overdue, Musk believes that bitcoin’s cryptocurrency is a store of value for money and useless for daily payments. Musk went on to say that Dodge Quinn has a much higher trading capacity than the king of cryptocurrencies in the world, and at a lower cost.
Currently, if you want to make a transaction on the Bitcoin platform, the price will be very high, so it can not be used in purchases or other applications. Scalability and trading volume are not suitable for this either.
Due to poor internet infrastructure, low blockchain volume, and slow blockchain production in 2008, this was normal, but the current bitcoin speed is “ridiculously” slow.
When asked about the Dodge coin’s arrival on Mars from Mask, he said the Red Planet would have to use another coin because it would be difficult to sync transactions because of the speed of light.
The famous billionaire, who has a deep understanding of the concept of money because of his experience in creating PayPal, believes that the current financial system is very old. We are in 2021, but banks are still buying CPUs and running the very old COBOL code.
He added that the government is responsible for editing the money database, which allows them to print more money whenever they want. He believes that central banks can manipulate the value of money for different purposes, noting that cryptocurrencies can solve such problems.
Finally, the CEOs of Tesla and SpaceX introduce money as a database for proper allocation:
If you are on a remote island and do not have food to eat, all Bitcoins in the world can’t stop your hunger.

Play and earn money; The best blockchain games

Imagine if you could spend all day playing your favorite game and earn money for it, would you do it? This has probably always been the dream of gaming enthusiasts and professional gamers; A sweet but far-fetched dream that they probably never hoped would come true. If you are one of these people, we must tell you that at present, thanks to the presence of games in the blockchain industry, this long-held dream has come true. If you want to know what the best blockchain games are, we invite you to join us until the end of this article.
The gaming industry is one of the areas that the blockchain revolution greatly influenced. Until now, gaming was just for fun, and gamers only did it because they were interested in playing; but now there is a field called “Play to Earn” which, as its name implies, is a way to earn money. Blockchain games reward gamers for the time they spend and the success they achieve in the game. Sometimes gamers earn so much money from these games that it becomes their first job. In this article, we will look at how to earn money from the best blockchain games. We also introduce some of the current revenue-generating games.

The advent of revenue-generating blockchain games

Heretofore, the gaming world was a source of entertainment for gamers who wanted to get the highest score, defeat their friends, or show off their skills in international competitions. But now gamers, even if they are not professional e-sports players, can earn money for winning their favorite game.
Online and revenue-generating blockchain games enable players to receive cryptocurrency as rewards from within their own homes by selling in-game items in open markets.
Cryptocurrency-based games have established themselves around the world. Many of them have been able to establish themselves as an alternative and sustainable source of revenue. For example, a Filipino gamer named John Aaron Ramos claims to have bought two houses with just the revenue from Axie Infinity; Such revenue from Axie Infinity has led us to add it to our list of the best blockchain games.
Revenue-generating games are great opportunities for both game developers and gamers and allow both to interact and make a profit. Companies design platforms in which gamers can play, develop and trade their games and earn money in return for their participation.

Playing and earning money in the world of cryptocurrency

revenue-generating games are rather easy to access, and these blockchain games are available on Windows, Android, and iOS operating systems. Users only need a cryptocurrency wallet to attach it to the game. This wallet must be compatible with the blockchain on which the game is running on it.
In general, revenue-generating games allow gamers to earn money in two ways:
• Earn an In-game financial bonus
• Transaction of non-fungible tokens

In-game bonus

Blockchain games that use in-game bonuses, allow gamers to earn money from the activities. They participate in while playing the game. This means that the more you play, the more cryptocurrency you get.
Lightnite is an example of an in-game bonus. In Lightnite, players participate in a deathmatch and receive bitcoins in exchange for killing opponents. At the end of the game, the gamer can transfer the amount of bitcoin that they earned to a wallet based on the Lightning network.

Buying and selling non-fungible tokens

Buying and selling non-fungible tokens is another way of making money from blockchain games.
This method is familiar to many gamers; Because in the old games, they had to buy items such as weapons, power, and things like that to use their avatars in the game. These items are also existing in blockchain games; The difference is that in these games you can earn money by transacting them. In addition, it is possible to trade these items outside the game space.
Games like Axie Infinity and Decentraland use Ethereum Blockchain as two of the best blockchain games to facilitate the trading of their NFTs. Creatures called Axie and plots of land, called LAND are the non-fungible tokens of Axie Infinity and Decentraland.

The most famous blockchain games

Many blockchain games use the two methods we mentioned in the previous section to earn money. However, some of these games have attracted more attention from users and have gained the trust of gamers interested in cryptocurrency. Here are some of these revenue-generating blockchain games.

Axie Infinity

Players in Axie Infinity buy and nurture creatures called Axie, then engage them in the battle for a cryptocurrency bonus.
The game is said to be inspired by Pokemon; Because in this game, too, the players take care of their Axies like a pet. In Axie Infinity you can buy, nurture and even create a territory for them to live in.
Players have two options for earning money from the Axie Infinity game. They can take part in solo battles and upgrade their position in the game standings, or they can cultivate potions called “love potions” that are necessary for nurturing Axies. Currency exchanges such as Uniswap and Binance sell love potions.
Since each Axies is a unique asset, one of the main ways to earn money from this game is to buy and sell Axies in the form of NFTs. Currently, an Axies called Angel, which was sold for 300 ethers ($ 1.4 million at the time of writing) in 2020, is the most expensive Axies.

Decentraland

Decentraland is one of the fastest-growing virtual universes built on the Ethereum blockchain. This game has been mentioned many times as the initial version of Metaverse (virtual world).
As a revenue-generating game, Decentraland has created unique opportunities for gamers to earn money. Decentraland can be considered one of the best blockchain games.
The main income source for gamers in Decentraland is through the sale and purchase of virtual lands, or “LANDS”. Each virtual plot of land in Decentraland is 16*16 meters wide and is created as an NFT based on the ERC-721 standard. There are a total of 90,000 plots of land in this game.
Players must purchase the Decentraland token by the symbol MANA, the game’s main cryptocurrency to buy land. The token can be purchased and sold on currency exchanges such as Gate.io, Crypto.com, Coinbase, Kraken, and OKEx.
Over time, new opportunities have emerged to make money in the Decentraland game. As the number of players in Decentraland increases, art galleries, concerts, and virtual games have been set up in the land of the game, and billboards have been held in this virtual universe to promote big brands.

The Sandbox

The Sandbox game, like Decentraland, is based on building a virtual universe for people to participate in and trade while playing. In this virtual universe, there are 166,000 virtual plots in the form of NFTs on the Ethereum blockchain. The owners of these fields can build games, virtual museums, and any creative content they want on them. Players can buy and sell all of these by using the Sandbox token called SAND.
Sandbox also provides users with another tool called “Sandbox Game Maker” that they can use to create their own game. The sandbox Game Maker has a user-friendly environment that distinguishes it from other games; because it allows users to operate creations, own and earn money from them, thus, creating a change in the game world.

Star Atlas

In another corner of the blockchain game world is the Star Atlas world. Built on the Solana blockchain, this revenue-generating game which is built on Solana blockchain is a virtual representation of systems, and its economic focus is on space exploration.
Star Atlas players earn money by buying and selling items such as spaceships, virtual lands on different planets and galaxies, and participating in activities such as mining, trading, and exploration.
All of these activities are performed with the game’s two native cryptocurrencies: The Atlas Star Token (ATLAS), which is an inflationary currency for in-game assets exchange, and the Dao Atlas Star Token (POLIS), which is a fixed-supply currency.
The more players participate in the Star Atlas game; the more money they earn.

Lightnite

Lightnite is a multiplayer online game in which players can reward bitcoins by killing their opponents and gaining their equipment. The game’s bonus is paid in the form of Satoshi (the smallest bitcoin unit) and players can transfer their Satoshi to the Lightning Network wallet after leaving the game.
In addition, users can achieve assets called Lightnite skins which are created in the form of non-fungible tokens that operate on the Liquid Network and sell or purchase. The purpose of all these different methods is to help players earn money from the time they spend playing.

Gods Unchained

Gods Unchained is a free card game in which players trade cards that are different in rarity or value to defeat their enemies in the game. In Gods Unchained, as inspired by Blizzard’s hugely popular Hearthstone game, the cards are traded using cryptocurrency, allowing Blizzard players to get acquainted with cryptocurrency and blockchain technology.
Gods Unchained itself is not based on the blockchain, But the cards in this game are created on the Ethereum blockchain. Therefore, the real possession of these cards is at the disposal of the players and they can trade these cards in the secondary markets.
The game, which is in the form of battles using cards with a turn-based structure, gained a lot of popularity in 2019. Its number of players almost tripled shortly after the suspension of the player from Hong Kong in Hearthstone by Blizzard. One of the game’s cards was traded for 137.8 Ethereum at its peak, with a current value of more than 600,000 US$ (at the time of writing the article).
Gods Unchained continues to grow with the start of its new development called “Trial of the Gods”.

Plant Vs Undead

Plant Vs Undead is a free castle defense-style game that takes place in a post-apocalyptic world conquered by zombie invaders. Players must strategically organize plants to prepare for an attack from zombie land.
As the popularity of Axie Infinity grows in the Philippines and Vietnam, Plant vs Undead has gained a large number of followers in Brazil and other areas where revenue-generating games make a significant difference in people’s incomes.
Players can get the “seeds” needed to start the game by purchasing the game’s native tokens, called PUVs.
Another aspect that has attracted the attention of player-versus-player (PvP) games is that gamers can earn non-fungible tokens. Now, non-fungible tokens have revolutionized the video game industry by allowing players complete control over game assets. With Plant Vs Undead, all game assets can be sold or traded on the platform’s native market.

Along with The Gods

Along with The Gods is developed on the Polygon blockchain. This game is in the role-playing genre and is based on the model of the game to earn money, which rewards players in the form of NFTs and cryptocurrency. The Gods revolve around powerful action heroes in 5 groups.
Each hero has specific behaviors, skills, and abilities that he uses in combat. Players are expected to form teams of their chosen champions. They should reinforce these champions, and at the same time use different strategies to win battles.
All items inside the game program are created in the form of non-fungible tokens and on a Polygon blockchain; Therefore, they allow transactions to be finalized better and cheaper.

Farmers World

Farming games have gained a lot of popularity in recent years due to their simple strategies. All you have to do is plant, harvest, and improve the products, or simply enjoy building a granary.
Farmers World is a monetization-based game that allows players to choose from a variety of tools to improve products and harvest them. Also, while farmers are waiting for the harvest period, they may attack other farmers.
Farmers can easily extract or multiply the game’s native tokens, called Gold, and in-app items based on non-fungible tokens by participating in in-game activities.
They can also protect their farms from the invasion of wild animals and monsters. Farmers can use the extracted gold tokens to produce their own non-fungible token-based farming tools to build farms and grow more products. This feature has made Farmers World one of the best blockchain games.
To join the game, users must purchase membership packages priced between 322 $ and 514 $. After joining, they can participate in the game and achieve non-fungible tokens among other in-app tokens.

Conclusion

revenue-generating games are a valuable source of income for many people, especially in developing countries. That is why there is a high demand for these games from the people of these countries. Gaming with the purpose of revenue-generating is an interesting and valuable idea. This idea intends to revolutionize an area that may not have received the importance it deserved before. Until now, we have rarely encountered games that take players’ time and give them an income in exchange for participation.
But in the case of blockchain games, the situation is quite different. These games give users complete control over in-game assets and allow them to earn good money just by playing. This is why many believe that blockchain games are the gaming industry’s future. In this article, we tried to introduce the best blockchain games to you so that you do not fall behind in this futuristic market.
Of course, this is just the beginning. Of course, the more competition there is in this area, the more opportunities arise and the more diverse options are presented to the players.

We have to wait and see that with the advancement of blockchain technology and the increasing popularity of revenue-generating games, What new games and other opportunities will emerge in this space, and what competitors will emerge for the current popular games.

Our last articles:

What is metaverse? Why is it matter?
What is Diem? Everything about Facebook cryptocurrency
Axie Infinity; A platform to play and earn money in the metaverse
How to buy land in Metaverse; How to have virtual land?

What is Diem? What happened to Facebook cryptocurrency?

A fast and cheap cryptocurrency for 2 billion people; Diem (Facebook coin)has come to implement this idea.

Facebook’s cryptocurrency project (renamed Meta) has been a hot topic in the field of cryptocurrencies for several years, and many people have questions about the nature of this cryptocurrency and its applications to the potential 2 billion users of this currency.

What is Diem? What is its purpose? how does it work? Is it a good investment option? This article answers all of these questions about Facebook’s cryptocurrency, the world’s largest social network.

What is Diem?

Diem is a payment system based on Blockchain technology as well as a backed cryptocurrency (stable coin). Facebook (renamed Meta) is behind this huge project that is claimed to serve billions of people around the world.

Libra is Diem’s previous name. Due to the fringes of this project called Libra, which we will review in the following article, on December 1, 2020, Facebook announced the change of its name to Diem to reduce some of the pressures.

This project has not been launched yet and is in the development stage, But it is estimated that it will be launched by the end of 2022.

Diem Payment System

According to published documents, the Diem project has introduced itself as follows:

“Diem payment system is made for everyone. Transferring money should be as simple and cheap as texting. “It does not matter where you live, what your job is, or how much you earn.”

According to the official website of Diem, this project has unique features:

It is on mobile: Diem payment system is available to everyone; It can be used only with a smartphone and simple internet.
It is stable: The cryptocurrency has a backing that includes the following assets: Cash or equivalent and 2. Very short-term government bonds.
Fast: Transactions on this platform are fast and easy; Both when sending money and when spending it.
It’s for everyone around the world: Diem payment system makes the global financial system more accessible and connected than ever.
Scalable: Its open-source protocol builds a dynamic community of developers who offer products and services to help people access their payment systems.
It is secure: This network is built on Blockchain technology and is designed with complete security in mind.

Although this project was created at the suggestion of Facebook; To maintain transparency in the project, oversight of all its operations is the responsibility of a council called The Diem Association. It is an institution composed of companies active in various economic sectors, including technology, financial technology, telecommunications, investment funds, and non-profit organizations.

The members of this association initially included large companies such as Visa, MasterCard, PayPal, Visa, Uber, Lift, Quinn Base, etc. However, PayPal, Visa, eBay, and MasterCard justify the association due to concerns from lawmakers.

However, large companies such as Uber, Kevin Bass, and Spotify are still members of the association. The number of these members may reach more than 100.’

Diem cryptocurrency; A currency without fluctuations

As mentioned, this payment system has a stable coin or cryptocurrency with backing, which is also called Diem. Of course, in the documents, the symbol of this cryptocurrency is “LBR”; But due to the name change, its symbol will probably change as well.

The US dollar, the euro, the British pound, and other major Fiat currencies will support this cryptocurrency, and its value will go up and down with them; Like Tetra, the price of each unit of which is equal to the US dollar.

Given the support of this cryptocurrency, it can not be considered an independent cryptocurrency. Facebook itself has repeatedly stated that designing this cryptocurrency only helps make national currencies easier to transfer, and in practice, no new currencies have been created.

So, at least in the early stages, Diem cryptocurrency is just money and a gadget of payment, and it can not be considered an investment option.

Diem Centralized network

diem coin

Although Meta (Facebook) itself believes that Diem operates in a decentralized manner, most Diem experts believe that it will be centralized.

However, according to published documents, Diem’s ultimate goal is to have a payment system without the need for a license (such as Bitcoin and Ethereum); But according to the evidence that the system is currently set to run on a licensed blockchain. For this reason, only members of the Diem Association can trade on this blockchain.

The long-term goal of the project is to provide people around the world with easier and faster access to financial services. Meta plans to launch this cryptocurrency on Facebook, WhatsApp, and Instagram, which will reach more than 2 billion users.

The project also promises to address government constraints and comply with legal frameworks. In that sense, Diem may be complying with sanctions.

If Diem is approved by the US and other regulators, the project will be like a full-fledged central bank running on blockchain technology. With this description, it is easy to see that this project is something different from Bitcoin and other cryptocurrencies.

How does Diem work?

This cryptocurrency will be launched based on its exclusive blockchain. The chain is based on an algorithm called LibraBFT, which has many similarities to PoS. To confirm any transaction on the network, two-thirds of the participants, or validation nodes, must confirm it.

Initially, only members of the Libra community were responsible for verifying and validating transactions. The main condition for joining the Liberian community is that each member must pay at least $ 10 million in cash as collateral and support. However, in the future, more people will be able to participate by depositing Libra tokens.

Blockchain Libra has a proprietary programming language called “Move” for writing smart contracts. So like Ethereum, we have something more than a stable cryptocurrency about Libra.

According to Libra Technical White Paper, the network’s transaction speed will be at least about 1,000 transactions per second, which will increase according to the network’s needs. The network fee is also very small and close to zero.

Although the Liber blockchain does not ask for real names or information, and only addresses and pseudo-accounts will be available on the network like Bitcoin and other blockchains, the project has reassured lawmakers that it can prevent illegal transactions if needed.

It can be said that Facebook’s cryptocurrency project has three unique parts that work together in harmony to create a comprehensive and secure financial system. These three sections are:

1. Blockchain Technology

One of the components of Diem cryptocurrency is the blockchain infrastructure with scalability and acceptable security, which is the technological basis of this payment system.

The open-source Diem’s source code is available on the Github website. This code is written in the “Rust” programming language and can be accessed by anyone.

Diem code is scalable and allows hosting a large number of projects for the infrastructure of this cryptocurrency. As we said, Diem is developing a new programming language called Move, which is to be used to build smart contracts and execute custom transactions.

2. E-Commerce

One of Facebook’s goals is to create better economic opportunities and high-performance global e-commerce. Such a goal is easily achievable due to the billions of users of Diem’s community and at least three billion global Facebook users.

Shopify, an e-commerce company that is a member of the Diem Association, will ensure Dime’s integration into e-commerce websites. Those companies that are members of the Diem Association that provide business services to the customer (B2C) will implement the Diem system on their platform, and this will lead to unprecedented ease of use.

3. International payments

Diem helps to reduce the cost of overseas money transfers, which currently have a high fee of 6.5 %. Having enough payment systems for Diem means that the currency is almost entirely digital.

Diem can pre-program transactions in its database. Diem operating costs are much lower than traditional remittance systems. The result of these features is that the cost of using diem sum is lower and its share of the market’s cryptocurrency users will be higher.

4. Governance

One of the important applications of Diem (Facebook coin) is related to the sphere of governance which arises from its governance structure. It is impossible to infiltrate Diem’s operations and capabilities, and this ensures that Diem can be an alternative monetary model for cash flow in government institutions.

Diem transactions can be used for a variety of actions that are in the public interest, and since the method of budgeting and spending in Diem is recorded in a public domain and is accessible to all, the benefits to the public will be twofold.

Also, since Facebook does not have exclusive control of Diem, it is impossible to use Diem against public interests.

These are the main differences between Diem and another Facebook product called Facebook Connect. Facebook Connect was launched in 2008 as the next version of the Facebook platform, allowing users to connect their Facebook friends, identity, and privacy to other sites on the Internet; But Diem is a  blockchain payment system that has a private cryptocurrency.

Diem’s challenge with governments

Diem was scheduled to officially launch in late 2019 or early 2020; But after the project was announced, a wave of concern from lawmakers around the world, especially the United States and the European Union, halted the project indefinitely.

Lawmakers believed the project could jeopardize global financial stability and the value of national currencies.

The same fear of legislative obstacles causes big giants such as PayPal, MasterCard, VisaCard, and eBay to leave the Diem Association.

Concerns about Diem went so as far as the US Treasury Secretary and the German and French Economy Ministers officially announced in statements that they would not allow the project to operate at this time until Diem’s ​​activities became transparent, and the work even escalated to the point where Mark Zuckerberg, Facebook CEO, appeared before members of the US Congress and promised that the Diem project would not pose a threat to national currencies.

Facebook (Meta) is still negotiating with lawmakers around the world to gain their trust. Legislators have said they will only allow the project to be launched if they are relieved of their concerns about money laundering, the weakening of national currencies, and the fight against terrorist financing.

With all these interpretations, experts believe that given the rapid development trend, Meta may not be worried about the legislature and may eventually be able to obtain the necessary licenses.

The end of Diem cryptocurrency

Following last week’s reports that the Diem Association had been dissolved, the association confirmed that it had sold its Diem Payment Network assets for $ 200 million.
According to ZDNet, the Diem Association had announced in a statement that they would sell its assets to Silvergate. Silvergate is the bank that the Diem network worked with last year to launch the US dollar-denominated StableCoin.
The CEO of Diem network said:
We are confident in the ability of StableCoin to be designed on a blockchain to provide benefits that have motivated the rainfed community from the beginning. With today’s sale, Silvergate will be well-positioned to advance this vision. This sale is the end of Meta’s controversial journey to build a new cryptocurrency.

Conclusion

Diem is a large project of Meta (Facebook) Company, which has been developed to facilitate payments and money transfers to people all over the world and is to be launched soon.

This project was founded by Facebook, But the world’s technology and financial giants are also contributing to its development. This project, unlike other blockchain projects, is highly centralized; But it looks very interesting in terms of efficiency.

Many critics believe that this project is not going anywhere; But despite the large companies involved in the project as investors and a golden set of experts and outstanding people as its team, the chances of this project succeeding seem high.

If Facebook’s revolutionary cryptocurrency project successfully overcomes its progressive legislative challenges, it could be the start of a major transformation of the world financial system.

Our related articles:

What is Metaverse? Everything about living in the digital world
Axie Infinity; A platform to play and earn money in the metaverse

And you can find paying HYIPs here 

Bill Gates :Most upcoming business meetings are in Metaverse

Bill Gates has opined about future world changes: “I think that in the next three years, the number of working sessions with the presence of avatars will be more than in the real world. The founder of Microsoft believes that in the next two to three years, meetings will be transferred from 2D virtual environment to Metaverse and 3D space, and digital avatars of humans will hold these meetings.
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Microsoft announced in November that it wanted to launch the Mesh app with the goal of creating a 3D workspace. Gates also predicted that digital and virtual activity would increase in the future.
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Axie Infinity; A platform to play and earn money in metaverse

what you are going to read about in this article:

Axie Infinity

Axie Infinity is an intriguing Chinese blockchain game based on NFT tokens based on pet characters. Combining and developing ideas like its predecessors such as Pokémon and CryptoKitties, and using its unique economic model, this game has managed to open its place among gamers and enthusiasts of the crypto world, and now to one of It has become the most important achievement of the crypto world or “Metaverse“. This game can be considered as one of the cases that prove that Metaverse has become a reality and is considered a serious matter in our world today.

Axie infinity currently generates more revenue in its protocol than Ethereum and Bitcoin. The game, which originated in East Asia and has fans from all over the world, has made huge profits for its users in recent months; To the extent that many Filipino workers have given up physical labor in rich countries and turned to make money from the game.

Instead of focusing on the technical and professional aspects of the game, this article, based on a note by Leah Callon-Butler, author of Coindesk’s website, provides a simple account of the impact of Chinese blockchain games on the lives of ordinary people, especially Filipino migrant workers. We will define. Stay with us.

Axie Infinity’s funny and engaging gaming platform generated more than $ 30 million in revenue last week. Accordingly, the platform revenue of this popular game is now even higher than that of Atrium and Bitcoin.

New data show that Axie Infinity earns revenue from the total revenue of the top 10 Dapp programs in the world, namely Uniswap, PancakeSwap, Aave, Compound, SushiSwap, Quick Swap (QuickSwap), MetaMask, Lido Finance, MakerDAO, and Synthetix have also increased.

One of the most important attractions of this game is its business model; Because it is designed in such a way that the general public can benefit well from it. The project stakeholder community is not limited to the rich in cryptocurrencies. Ordinary people and all those who are usually deprived of profit opportunities can easily participate in Axie Infinity and there is no monopoly for big and rich investors.

The data show that Axie Infinity has seen tremendous growth in audience engagement. At the end of July 2020 (August 99), the number of daily active users in Axie was less than 500. After a while, the video game, designed in the form of Pokémon games, made its way into the world of technology, and now, with almost half a million Daily Active Users (DAU), about 60% of whom are Filipino Have achieved a special place in the world of games.

Users must first pay to join and participate in this game. During the game, NFTs with the ability to buy and sell, and trade have been designed. This product is designed according to the needs of a part of the global community, which has never been the main target and priority of technology companies in the traditional market.

Despite all these successes and achievements, Axie Infinity has serious critics on social media who find users’ attempts to obtain SLP tokens pointlessly. (As mentioned above, Axie is based on unparalleled tokens. SLP is also the reward token of this game for winning battles).

But the question that arises here is how did Twitter critics get this result? Of course, such statements are somewhat understandable; Because the mentality of many people and even some gamers are formed around traditional game models that only seek to exploit users; For this reason, it is natural that they do not yet have an understanding of decentralized games and how they differ from the traditional form of play.

Contrary to these opinions, some have found the value of the game and the real purpose of playing in this type of game and are no longer willing to play traditional games. Many gamers have put their full and full-time focus on this game after trying Axie. According to them, the effort they made for their traditional jobs was much greater and the income they received from them did not match this effort at all.

The revenue of Axi for these people is even more than the salary they received for their work! For this reason, they consider this game to be a great option for a profit.

The idea has become so serious that much research has been done on it. The results of some of these studies suggest that we may soon see an increase in the number of workers leaving their offline jobs instead of looking for work in the Metaverse space.

The breeds of Axies

There are nine different breeds of Axie, including six major breeds and three hybrids (a combination of the two main breeds) in the world of Axie infinity:

  • Mech: produced by two pure Axie breeds; Beast and Bug.
  • Plant: have a higher performance against Bird and Aquatic and lower performance against Beast and Bug.
  • Bird: have a higher performance against Beast and Bug and lower performance against Plant and Reptile.
  • Axie ClassesAquatic: have a higher performance against Beast and Bug and lower performance against Plant and Reptile.
  • Dusk: produced by two pure Axie breeds; Aquatic and Reptile.
  • Reptile: have a higher performance against Bird and Aquatic and lower performance against Bug and Beast.
  • Dawn: produced by two pure Axie breeds; Plant and Bird.
  • Bug: have a higher performance against Plant and Reptile and lower performance against Bird and Aquatic.
  • Beast: have a higher performance against Plant and Reptile and lower performance against Bird and Aquatic.

Each of these breeds has different abilities and capabilities. The minimum cost for the most affordable Axie in this market is around $ 225 to $ 250, and forming a team with three Axie may cost $ 700 or more per player.

Philippines; Country of migrant workers

philipino workers

The Philippines is generally known for its large “workforce,” especially its migrant workforce. In 2006, Richard C. Paddock published an article in the Los Angeles Times in which he spoke about the Philippines’s most successful exports, which are its “people.” In this article, he says:

“They (Philippine workers) care for patients in California, drive refueling trucks in Iraq, move cargo ships through the Panama Canal, and passing cruise ships across the Gulf of Alaska. They serve alcoholic beverages to Japanese employees and care for the children of Saudi businessmen.”

In 1970, at a time when the Philippines was experiencing a political and economic crisis and widespread internal unemployment, then-President Ferdinand Marcos adopted a new labor export policy called “active and organized migration.” This policy was intended only as a temporary solution to the problems; But today there are more than 10 million Filipinos around the world, of which 2.2 million are “Filipino Migrant Workers” or Overseas Filipino Workers (OFWs for short).

The money they send to their homeland and family accounts for about 10% of GDP, making the Philippines one of the top four recipients of remittances worldwide. The top three countries in this field are India, China, and Mexico.

In the early 2020s, when the outbreak of the Coronavirus struck and Filipino migrant workers were repeatedly fired or suspended, the World Bank expressed concern that the value of remittances sent to low- and middle-income countries can be reduced by 20% or more. They feared that this would create many problems for vulnerable families and put pressure on governments to solve them.

However, such problems do not seem to have happened and it can be said that the opposite has happened. A recent report from the Bank of the Philippines shows that remittances exceeded the pre-Corona epidemic by $ 11 billion in the first quarter of 2021.

Of course, this is not necessarily good news for the citizens of this country. As of March 2020, some 400,000 migrant workers have been displaced by the lack of job opportunities in the world due to the corona epidemic. This means that all remittances sent from abroad are sent by a limited number of migrant workers who have not yet lost their jobs. In other words, during this period, additional pressure has been imposed on these workers to send money to their country.

We only see statistics that show the amount of money sent to countries, But these statistics do not specify how and how this money was received and sent. These workers may have used their savings. Some of those who have been repatriated may even have brought savings of several months or even years with them, thus inadvertently artificially increasing the income of individuals. These are all possibilities that may be true.

Axie infinity in the Philippines

Axie infinity in the Philippines

Workers who lose their jobs and return to their home countries encounter a very uncertain job future after returning home; They are forced to compete for jobs in a country that did not have enough jobs and a decent income even before they entered their worst recession. This is a big problem for migrant workers and their families who depend on this money for a living!

For this reason, Now the Philippine government’s greatest need is to create jobs for returned migrant workers and to provide methods to encourage them to re-education and learn skills. Migrant workers have to spend time learning new skills to support themselves and their families.

But where will these jobs be provided? Unemployment is particularly acute for low-skilled workers who have worked in the service sector. How should those who have been active in occupations such as cleaning, babysitting, driving, and waitress abroad acquire a new skill from scratch and turn it into income? The same is true for citizens who have previously worked in industries related to local industries (including tourism, hospitality, retail, transportation, and manufacturing) and who have lost their jobs due to the corona epidemic.

Not surprisingly, many of these unemployed and job-seekers are looking for a source of income. What these job seekers have achieved recently is Metaverse.

In short, Metaverse means the digital world; Where anything we can imagine can exist. The word is a combination of the two words “meta” meaning beyond and “universe” meaning world. The day will come when we will be constantly connected to Metaverse; Our senses of sight, hearing, and touch will function beyond what they are; We will combine digital elements with the physical world, or we will be completely immersed in three-dimensional environments whenever we want. This family of technologies is collectively known as eXtended Reality or XR.

Luis Buenaventura is the co-founder of a cryptocurrency exchange licensed by the central bank called BloomX, which allows direct trading of the Philippine Peso and SLP. He writes on his news site Cryptoday:

A typical gamer can earn $ 4,500 worth of SLP tokens a month. So if we assume that about one-third of Filipino gamers have acceptable skills, they can earn a total of $ 222,750,000 SLP tokens each month. Let’s see how many pesos each SLP dollar is worth. This week, each SLP dollar is worth more than 9 pesos, which means that these people can earn a total of about 2 billion pesos a month. To better understand the above figures, consider this short report: The average amount of money that all migrant workers in Hong Kong send home to the Philippines monthly is 2 billion pesos.

Lewis, who also happens to be a friend of mine, published this report on July 9th. Due to the strange growth rate of the Axie game, now these numbers have also changed and their size has become larger. In this regard, I spoke with Lewis to examine how long it takes for the value of SLPs entering the Philippines to match that of the Philippines’s largest source of international income, which is the United States.

Currently, $ 10 billion a year is transferred from the United States to the Philippines. In the most conservative way possible, we assume that a gamer with average time and skill in Axie earns about 150 SLPs a day. If SLP is priced at $ 0.2 and one million active Filipino users are active in the game daily, the annual revenue of users in this country from the Axie game will reach 10.8 billion dollars.

Axie Infinity game environment and collected SLP tokens

Axie Infinity’s game environment and collected SLP tokens

The Filipino population is projected to reach nearly 111 million in 2021, and the assumption that Axie has 1 million daily active users in the country means that less than 1% of the population will turn to the game. Such a presupposition is perfectly reasonable and achievable. For this reason, it is reasonable to expect the annual revenue of this game to reach $ 10.8 billion in the Philippines.

On the other hand, it should not be forgotten that Axie is just one of the games in the world of decentralized applications, and this amount is only a part of the total revenue that can be obtained from these games.

The field of decentralized games, especially NFT games, is growing rapidly in the tech world. Following this unparalleled welcome, developers now look to the Philippines as a great hub and marketplace for decentralized games.

Thus, the idea of ​​becoming a “Metaverse Filipino Worker” (MFW for short) can be a much better option than migrating abroad for work. Metaverse is an attractive business destination that people can reach only by using a smartphone and internet connection and to reach it, you do not need to use buses, boats, trains, and planes (to migrate).

Filipino workers can now work from home and be their boss! Even if they do not have the initial capital to buy the initial NFTs and start the game, they can temporarily rent out other NFT tokens.

In addition, the jobs available in Metaverse are such that they provide the opportunity for those who show high talent and skill to progress and advance. Many talented gamers can move quickly to leadership positions in the game. This has led to the popularity of these games in smaller and more remote areas; Because these games have created a way for members of these communities to participate effectively in the global economic cycle that did not exist before.

Real examples of people working on the Axie Infinity platform

In this section, we will look at real-life examples of people working on the Axie Infinity platform and examine the life and experiences of Ijon Inton, a Filipino migrant worker.

Ijon was active in NFT games during the nationwide quarantine; But as soon as Corona border restrictions were eased and international flights resumed, he returned to his previous job in Japan to do an internship at a butcher. At that time, I asked him if he had ever considered staying home and playing. He replied that being a full-time gamer with a high income is like a dream for him, But his main and ultimate goal is to provide for his children.

So Ijon chose the more sensible option; He said goodbye to the Philippines and his family and resumed his work as a migrant worker. Can you imagine how difficult it was for him to make such a decision and be away from his family again?

But just one year after leaving home and starting work as an immigrant worker, he decided to leave his job in Japan; He concluded that he had earned more than he had imagined in three months by playing Axie and renting his NFTs to other players, and trading tokens. He even realized that his income from playing in three months could be more than the income he could earn with three years of full-time work as a migrant worker.

Igon was now returning home to his family. It is interesting to know that Ijon’s employer, after receiving his resignation letter, happily agreed to it and sent him to the Philippines on his first flight. Igon told me that he felt at the time that the company wanted to get him out as soon as possible; Because they were worried that he would persuade other workers to resign and join Oxy. He had previously helped at least 20 of his colleagues earn money with Oxy; So his employer’s concern has not been unreasonable.

The fact is that Metaverse jobs will gain serious legitimacy in the future, and those who still laugh at the concept of “earning money while playing” will only deprive themselves of this opportunity. The examples of people who look at digital games as a source of income are not limited to Ijon. I have heard other stories about Filipino migrant workers in Kuwait who play the oxy during their unemployment and earn even more than their daily jobs.

The last ones I want to give you as an example are Lola and Lolo, an old couple who also recently appeared in the documentary Play-to-Earn. They have given up working as an immigrant worker altogether and, through play, have been able to provide financial support for their immigrant daughter, who recently lost her job in Canada, in addition to meeting all their financial needs.

 A platform to play and earn money in metaverse

Lulu and Lola Silverio; The oldest Axie Infinity gamers

Statistics show that millions of Filipino children are growing up in this country without their parents; But even then, they have enough money to buy all kinds of computer games. Now imagine that the new generation of these computer games can bring their parents to home and next to them forever!

The fact is that the growing number of Filipinos staying in their home country with their families is increasing the local workforce. Working full-time at Metaverse is still a dream for most people. Even those who call themselves full-time gamers and earn money this way usually have one or two other jobs alongside it. One of the strengths of this is that it is quite possible to balance NFT games with other occupations; Because the timing of the games is quite flexible and there are no specific hours or rules.

The fact is that the growing number of Filipinos staying in their home country with their families is increasing the local workforce. Full-time Working at Metaverse is still a dream for most people. Even those who call themselves full-time gamers and earn money this way usually have one or two other jobs alongside it. One of the strengths of this is that it is quite possible to balance NFT games with other occupations; Because the timing of the games is quite flexible and there are no specific hours or rules.

Playing and working in parallel is an attractive proposition for Filipinos; Because Filipinos live in a way that is not just a matter of trying to make ends meet; They also want to save money for the future of their family and their children’s education. The ideal situation for them is to have a face-to-face and usually, fixed-job that provides the basic needs with the income from it and then start a job as a second job in Metaverse that will become a financial aid for them.

When the citizens of a country earn more money, more working income will be generated in society. This strengthens domestic demand for services and turns the wheel of the economy. Perhaps at the time, these wealthy gamers were NFT players hiring cleaners, babysitters, drivers, and workers in their own country.

They will probably pay more rather than their employers to compatriots in other countries. Even if we leave out the sense of patriotism, citizens know that if they can earn more in Metaverse, they do not need to accept service jobs. Therefore, the amount paid by employers should be large enough to encourage workers to take up services careers.

Concluding remarks

We have known The Philippines as one of the world’s leading suppliers of labor for a long time, But much of the income generated by Filipino migrant workers over the past decades has been volatile.

There is no denying that remittances from other countries are a great economic aid to developing countries; But unfortunately, the same money reduces the local labor force and creates a culture of dependence in these countries. In addition, those who have to leave their families to achieve a better future pay a high emotional price.

Add to all this the fundamental changes that we will encounter in the post-Corona period. It is a fact that digital developments will gradually reduce the need for human resources in the world and eliminate some jobs. It is already clear that the nature of many occupations changed during the Corona, and it is predicted that even after the end of the epidemic, these occupations would not return to their former state.

We have to accept that the world is changing, and that change is largely moving toward digitalization. Indeed, we are still in the early days of the fame and popularity of the idea of ​​Metavars in the world, but what is true is that these concepts will sooner or later cover all aspects of our lives. Metaverse is a world without borders, so why shouldn’t the life and business of the people of the world be without borders?

Axie Infinity; A platform to play and earn money in the crypto world

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Elon Musk is Time’s 2021 person of the year

TIME, one of the most prestigious magazines and news media in the world, chose Elon Musk as its face of 2021. In an interview with the magazine, he said he was not sure that  cryptocurrencies would one day replace Fiat currencies.

According to Coin Desk , Yesterday Time magazine chose Elon Musk as its man of 2021 . “It is doubtful that cryptocurrencies can one day replace Fiat currencies,” the world’s richest man told the magazine.

Time magazine referred to 2021 as “Elon’s Without Borders Year” and The reason for this nomination was the comments, activities and remarkable achievements of Mask, CEO of Tesla and SpaceX, in 2021.

Musk told Time that he thought cryptocurrency was an attractive field and that he could talk a lot about the nature of money as “an information system for the distribution of resources.” However, Musk said he doubted cryptocurrencies would one day replace Fiat currencies.

Elon Musk

Musk was recently named one of the most influential figures of Coin Desk due to its profound positive and negative effects on cryptocurrencies, especially the price of Bitcoin and Dogecoin, and was chosen as the face of the year in 2021.

Musk told the Time about his effective actions are often criticized :

Markets are always in motion, and I can say that [these movements] have no basis. So are my comments fundamentally different from the market movements that may occur anyway? I do not think so.

What is Metaverse? Why does it matter?

chapters of this article:

  • What is Metaverse? Everything about living in the digital world

    This question has now occupied the minds of many Internet users after the news of Facebook changing its name to “Meta” and the CEO’s talk about transforming the Facebook ecosystem into a virtual world or Metaverse: What is Metaverse? What is its use? Where did this word come from? and how does technology want to surprise us this time?

    In 1992, Neal Stephenson released a novel called Snow Crash. The novel tells the story of a man who takes people’s pizzas to their homes during the day as a courier and goes on an adventure in the virtual world at night as a superhero. This virtual world was called The Metaverse, and anyone could enter it with special glasses and escape the problems of the real world.

    This idea was later used in the novel Ready Player One. Even in 2018, the famous Hollywood director “Steven Spielberg” made a movie based on the same title, which well portrayed the concept of the Metaverse.

    What Stephenson created from his imagination a quarter of a century ago has now thrilled tech lovers. He writes in part of his book:
    “When Hero first saw the place 10 years ago, the monorail software was not yet written. He and his friends had to write car and motorcycle software to get to different places. They took out their software and competed in the Black Desert one night.”
    digital world
    Now the world is moving in the direction that the realization of Neil Stephenson’s dream is possible for the first time in history. Without leaving their homes, people can travel anywhere in the world and enjoy a completely visual and even tactile experience. They will be able to communicate through images and trade in that space. They will also access games, movies, sports, news events, and new genres of narratives; Hanging over a paraglider over the Alps, they fly to the moon and move rapidly toward life in the digital world or metaverse.

    Let’s go back to the time when we are at the end of 2021 and the concept of Metaverse and virtual worlds has come to the fore once again. The big company “Facebook” has announced that the future belongs to Metaverse and wants to invest in it. Microsoft and other large corporations have also expressed interest in investing in the field. Go to any site or news source now It’s talking about Metaverse, and many refer to it as the next-generation Internet (Web3).

    But what exactly is Metaverse and what are its unique characteristics? Can any virtual world be considered a meta-transformer? What will the future look like with the development of this technology? We’ll explain all these questions comprehensively and completely in this article. Stay with us.

    What is Metaverse’s meaning?

    what is metaverse

    Metaverse is a combination of virtual worlds, augmented reality, online games, and social networks that each user can log in and perform various activities.

    Metaverse is a combination of virtual worlds, augmented reality, online games, and social networks that each user can log in and perform various activities.

    The word Metaverse is a combination of the two English words “meta” and “verse”. Meta means “transcendental” and Verse is an inverse derivation of the word “Universe”. As a result, metaverse means a world beyond our real world. In general, think of Metaverse as a network that combines the various features of social networks, online video games, Augmented Reality or AR, Virtual Reality or VR, and cryptocurrencies.

    So in other words Metaverse is a virtual version of the real world where anything can be done. In Metaverse, everyone will have a virtual character or “Avatar” who can change its appearance in any way he likes. Do you love robots? You can choose a robot as your avatar and apply your desired appearance changes to it. In this virtual world, you can travel to different places. Maybe there’s a concert of your favorite singer in a corner of Metaverse, or you buy a piece of land you like. Or even go to the company’s virtual workplace to see your co-workers, see your co-workers’ avatars, and interact with them.

    The emergence and growth of the video game industry have led to a new phase in Metaverse and the virtual worlds in which players can build their characters in a fictional world, travel to different parts of the game world, and interact with other players.
    With the growing influence of the blockchain in the world of technology, Metaverse also opened its doors to blockchain games. In these games, people can trade game items in the form of tokens. The type of performance of Metaverse games in the blockchain is no different from non-blockchain games, and only the player’s assets in the game are tokenized.
    For example, in one of these games, players sell their land or in another game, warriors have tokens of their swords and armor and can sell them to other players in online markets.
    Many experts believe that further development of Metaverse will not affect the discussion of jobs and daily life of human beings, but its impact on culture and society as a whole is undeniable. Of course, we will see later that if all the ideals of Metaverse are fulfilled, our lives will change.

    Is Metaverse a tool for technology?

    No, Metaverse is a concept; It is not a software or a game environment. Metaverse is a virtual world where users can have their character and do everything they do in the real world virtually.

    History of Metaverse

    Metaverse was first introduced in 1992 during a novel. This concept later expanded to include large corporations.

    As we said, the word Metaverse was first used in 1992 in Neil Stephenson’s novel Snowfall. In the following years, various companies and organizations showed more interest in virtual worlds and each of them marketed different games, computer programs, and internet social networks in which you could play the role of a virtual character. Take it and live in it. For example, you probably remember EA’s famous game, The Sims, which can be considered a form of Metaverse.

    But in recent years, Metaverse has reached a point where it can no longer be considered for gamers, video games, and mere entertainment. It even got to the point where a company like Facebook changed its name to “Meta” to focus more on Metaverse.

    Facebook and Metaverse

    facebook and metaverse

    Facebook, the tech giant, is one of the leading companies in the field of Metavars. The company had previously set aside $ 50 million in funding for its XR Programs and Research Fund.

    Facebook recently announced in an announcement that it offers all its services under the name “Meta”. This renaming ‌ means that social networks Facebook and Instagram and WhatsApp messengers will henceforth be meta-subsets.
    Zuckerberg, the CEO of Facebook, said in a virtual conference:
    “I hope to be seen as a meta-company in the future, and I intend to align my work and identity with what we are building. We now look at and report on our business as two distinct segments; One for our app family and the other for the effort that will be made on future platforms.  Now, as part of the project, it’s time to embrace a new brand that encompasses everything we do; To reflect who we are and what we intend to build.”
    Given Facebook’s high potential, as well as the company’s vast financial resources, it seems that we should expect a strong player in the field of meta-transformations. On the other hand, Facebook is working with various companies to develop its Metaverse, and this could expand the scope of the project.
    Many also associate the Deim project, Facebook’s digital currency, with Metaverse, and say that this stable coin can transform the financial transactions of people in Metaverse.

    Over the years, we have seen a gradual shift in the attitude of Zuckerberg and his company. From the introduction of Oculus virtual reality headsets to augmented reality glasses and smart wristbands, all promised change. Finally, Zuckerberg made this fact public by renaming Facebook to Meta and releasing a video showing the future of the world with Metaverse.

    It is unknown at this time what he will do after leaving the post. Even if he can tie the future to the Metaverse, will humanity end up in the same post-apocalyptic world with effects like Snowfall or Ready Player One, or will humans be able to blur the line between the real and virtual worlds? We have to wait and see.

    What are the uses of Metaverse?

    As we said, Metaverse is a virtual world where users can do whatever they want. To some extent, it can be said that developing a complete meta-transmitter makes our work easier in many areas and can even transfer many of our daily lives to the virtual world.

    Virtual meetings and business appointments

    During Corona, videos of inappropriate clothing were released during job interviews and meetings. These videos were somewhat embarrassing; But with the development of Metaverse,  there will be not these problems.
    You can create a character in your favorite outfit in Metaverse and participate in virtual meetings and appointments. Facebook has already entered this field and developed Horizon Workrooms. Horizon Workrooms is a Virtual Reality and Mixed Reality service that holds meetings outside the traditional framework.
    The purpose of this service is to create a digital environment where users can create their avatars and interact with each other in the form of this avatar. Their interactions in the virtual environment will be like in the real world; This means that if Horizon Workrooms can achieve its main goal, there will be not huge rental costs for companies; Because there is no need for employees to be under one roof and all of them can interact with each other in the form of virtual characters.
    Work on the development of similar services accelerated during the Corona; This is because many companies have decided to operate remotely, and this has highlighted the need for telecommunications software and infrastructure.

    Virtual teaching

    As we know, during the Corona and lockdown, schools all over the world were closed and many countries started virtual and online education.

    Many companies have offered a variety of software and services to meet the needs of e-learning and online classes. Communication software, software for determining the efficiency and quality of education, as well as tools for greater interaction in the virtual learning environment, were among the items that grew during the quarantine period.
    Just like virtualizing business processes and interactions in the workplace, the learning environment requires fundamental change, and Metaverse can go a long way toward making those dreams come true. Among the uses of Metaverse in the field of virtual education, we can mention the gamification of the process of education and distance education through video calls.
    Many education and technology experts say that universities and schools with better digital capabilities can grow very quickly and become leaders in this field.

    Earning money through playing games

    Many games make a lot of money selling items and updates. In fact, by offering such products, they motivate players to play more. With the advent of mobile games such as PUBG, Candy Crash, and Clan Wars, the field has grown exponentially and now few can be found who have no experience playing them.
    In almost all of these games, players receive coins, diamonds, or special in-game money. They can only use these currencies and points inside the game environment. The concept of Play-to-Earn is set to change that.
    Many players in Southeast Asia now make money through the AxieInfinity game.
    Other blockchain projects such as Decentraland and Sandbox have also created a virtual world where users can earn money by playing games. In these games, game items, such as land, artwork, and items, usually take the form of NFT tokens, which users can buy and sell on trading platforms. Since most of them work on the Ethereum blockchain, it is also very easy to cash in on revenue.

    Online Shopping

    online shopping
    Even now, large and reputable sites can be named from which it is very easy to buy online; All you have to do is select the product you want, enter the address and pay for it; then wait for a few days or even a few hours to receive the goods.
    Online shopping has some disadvantages; For example, choosing the right size for clothes or the long process of returning money to the customer’s account is annoying. Sometimes the product does not even look like what you first see at the time of purchasing, and it takes a long and time-consuming time to return the product.
    Metaverse can solve this problem too! For example, an Indian company that sells glasses has provided the possibility that users can see the glasses on their faces virtually through the camera.
    With the development of Metaverse, online shopping is taking on a new shape and your room can act like a Pro room!

    Metaverse and the world of cryptocurrency

    Metaverse brokers used blockchain technology and cryptocurrencies to determine ownership of assets within Metaverse and to conduct financial affairs.

    Implementing the ambitious idea of ​​a virtual world with a unique economy and assets requires its infrastructure and technologies. For example, how can the definitive ownership of a piece of land purchased in Metaverse be transferred to one person so that no one can deny it? Or how to create a local currency for Metaverse finance? This is where using blockchain technology and cryptocurrencies come in handy.

    Consider the same area of ​​video games. This area has moved away from the old system in which game developers only made money from the industry. Every day we see the emergence of new games in which the player himself, in addition to participating in the game process, also participates in earning profit and income.

    These days, such games are called Play to Earn or “play and make money” and their number is increasing day by day. These games are like a smaller and simpler version of the Metaverse. Interestingly, they all work thanks to blockchain technology and cryptocurrencies. In such games, users have to buy a cryptocurrency for the game and its non-replaceable tokens (NFT) to play the game and earn money.

    Take Axie Infinity‌, for example. In this transformative game, each user must have some local cryptocurrency of this game, namely Axie, to be able to buy several characters with its help. The characters in this game are each designed in NFT format and have different features than the other characters in the game. Each user can form a team by buying game characters, defeating their rivals, and receiving another token called SLP as a reward. In reputable exchange offices, you can buy or sell this token, like any other cryptocurrency.

    As you read this article, hundreds of thousands of people in the Philippines, even our own country Iran and other countries, are making significant money this way.

    Another example is Decentraland, where any user can purchase virtual domains and generate a variety of user experiences. Like the real world where you can buy a piece of land, set up a small shop, and then sell it, this is possible in Decentraland.

     Decentraland in metaverse

    Concluding remarks

    Many people believe that what the Internet world has done over the last few decades will be Metaways this time around, breaking all current equations. Close your eyes for a moment and think that you can study in a virtual world, or go to work and earn money, or go to a concert of your famous singer that you may never have the opportunity to see up close in the real world. Do not go. It is exciting to even think about the many and varied opportunities that Metaverse has given us.

    But we still have to ask the question: Will people in the future distinguish between the real world and the meta-world? Are things going to be so good for them in the virtual world that they no longer want to go back to the real world?

    We still have a long way to go to achieve such a future. Problems such as security issues and potential risks must be addressed first. However, we must prepare ourselves for such changes and advances in the world of technology.

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    Axie Infinity; A platform to play and earn money in the metaverse

What Is A Ponzi Scheme & Why Bitcoin Is Not One

 
One of the biggest myths regarding Bitcoin is that many consider it as a fraudulent, Ponzi scheme. But very few understand what a Ponzi scheme is.
It is not wise for people to conclude without a proper understanding of any topic whatsoever. And that is what people are doing when it comes to Bitcoins. They just term Bitcoins and other cryptos as scams.
Therefore, being a reputed blog in this space, we at CoinSutra think it is very important for us to clarify this point and spread more awareness, which is also our motivation to write today. I will explain in detail why Bitcoin is not a Ponzi scheme, but before that let’s understand and examine what a Ponzi scheme means.

What Is A Ponzi Scheme?

A Ponzi scheme is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading.

 
Operators of Ponzi schemes can be either individuals or corporations and grab the attention of new investors by offering short-term returns that are either abnormally high or unusually consistent.
Companies/schemes that engage in Ponzi schemes focus all of their energy on attracting new clients to make investments. Ponzi schemes rely on a constant flow of new investments to continue to provide returns to older investors. When this flow runs out, the scheme falls apart. [Source Wiki]
Ponzi schemes are sometimes also referred to as pyramid schemes and the characteristics of both the schemes are higher returns than the average market by recruiting new members under the scheme and taking money from them in some form or other.
Characteristics of Ponzi or Pyramid Schemes:-

  • They promise high and unusual returns.
  • They promise regular or monthly returns usually.
  • They require you to add new investors/members into the scheme to increase your return rate.
  • Founders usually run away with a big chunk of money.

These are the main characteristics of a typical fraudulent scheme whether it is in the crypto space or otherwise.
Now that you know these characteristics you can easily do away with such schemes by doing a quick litmus test.

What You Can Do To Not Fall For Such Schemes: Litmus Test

You can quickly do a litmus test to avoid such schemes or projects by following two simple bits of advice given by Andreas M. Antonopoulos, a renowned Bitcoin speaker, and proponent.
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This litmus test is so powerful and apt that you can apply it within the crypto space. You can also use it to judge other schemes outside of this market.

Bitcoin Is Not A Ponzi Scheme

In the light of the above explanations, I can say that people who say Bitcoin is a Ponzi scheme don’t understand what a Ponzi scheme is.
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  • Bitcoin never asked anyone to put money

Bitcoin whitepaper, if you have read it, doesn’t speak a thing about buying/selling bitcoins and neither lures investors to put their money. It is an 8-page document explaining a solution for making censorship-resistant digital money.

  • Bitcoin founder never ran away with a big chunk of money

Bitcoin founder, Satoshi Nakamoto never ran away with a chunk of Bitcoins. One might now argue that he held millions of bitcoins but that he never stole from anybody or just created out of thin air despite being Bitcoin’s founder.
Instead, he also had to run a full node and mine Bitcoin blocks to receive the block rewards to get new bitcoins, which is a legal way that anyone can follow even today.
Also, note that the Bitcoins he mined at that time and kept to himself were worthless then. It was his sheer will to believe in the potential of the project that motivated him to keep those funds with him.

  • Bitcoin never asked you to recruit new people/investors under it

Neither Satoshi or his whitepaper or even early Bitcoin holders went to recruit new people/investors for Bitcoin.
In the initial days, mostly geeks used to mine and play with Bitcoin and most of them used to spend it on gambling or pizzas or just used to giveaway in meetups. I have not seen such a Ponzi scheme yet that gives away their products in such a manner.

  • Bitcoin doesn’t promise or give monthly/regular returns

Bitcoin whitepaper or its working model to date doesn’t promise any returns or regular returns either. Yeah, of course, that’s another thing that people have made money due to the insane rise in the price of Bitcoin over the years but that’s simply the law of demand and supply acting in a free market.
On the flip side, Bitcoin prices also fall rapidly and many people get burned due to their such speculative investment!

  • Bitcoin has no head/person controlling it

Bitcoin is based on the decentralized and censorship-resistant tech of blockchain and proof of work which makes sure that no one, in particular, is ‘in-charge’.
Clearly, with no one at the helm of Bitcoin, no one can run away or take over other people’s money or Bitcoin.

Conclusion: Crypto-Scams

Everything said and done, I understand that there are a lot of cryptocurrency Ponzi schemes and pyramid schemes going on but that doesn’t mean Bitcoin or the other currencies are fraudulent.
On the flip side, the cryptocurrency market has been, is, and will be prone to such schemes because it is based on the decentralized technology of blockchain. Something which is based on decentralized tech and is hard to stop or regulate will give birth to Ponzi schemes but that doesn’t mean that Bitcoin is a Ponzi scheme.
Instead, use the parameters that I have discussed at the start of this article to educate and examine yourself whenever you encounter such Ponzi schemes and simply opt-out of them.
Lastly, I would say, I am yet to see a Ponzi scheme like Bitcoin which does this:

Miguel Cuneta@MiguelCuneta

“Show me a ponzi scheme where the early investors donated $86 Million to charity and I’ll give you all my . https://www.reddit.com/r/Bitcoin/comments/7jj0oa/im_donating_5057_btc_to_charitable_causes/?utm_content=title&utm_medium=hot&utm_source=reddit&utm_name=Bitcoin …

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I’m donating 5057 BTC to charitable causes!… • r/Bitcoin

Hello! I remember staring at bitcoin a few years ago. When bitcoin broke single digits for the first time, I thought that was triumphant…”

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That’s it from my side in this write-up. I hope this helps you differentiate between a legit and a Ponzi project.
Time for you to tell me: Do you know of any crypto scams or Ponzi schemes currently going on? Do you still consider Bitcoin as Ponzi? Do let us know in the comments below.
Also, share this with your friends and family who you want to protect from getting scammed in such Ponzi schemes!
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