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How to participate in SPielley’s PLincHub dApp ecosystem

How to participate in SPielley’s PLincHub dApp ecosystem

https://hub.plinc.io

How to earn passive ETH income via this dApp ecosystem…

The ecosystem runs on a Ethereum smart contract and could be a great way to earn some passive crypto income in ETH.

Every dApp created by SPielley shares a small percentage of revenue with PLincHub. Holding PLincHub Bonds is akin to holding a stake in all the dApps including PLinc, COSS Exchange Liquidity Token CELT, etc..

This is not investment advice. Please do not invest any more than you can afford to lose.

Here’s how you can earn a passive income in ETH

  1. Go to https://hub.plinc.io and login to your MetaMask extension.
  2. Buy ‘Bonds’ by entering the ETH value you would like to play with. Confirm the transaction in MetaMask.
    If you use my referral link, you get 10% extra worth of ETH Bonds.
    Link:     https://hub.plinc.io/#/ref/0xebcf9dd17a9d26bc8ff204c2301c3f1ecf21130a
  3. Set the percentage of ETH dividends you would like to ‘Reinvest’ back into the ETH Bonds by adjusting the slider in the top corner. Confirm the action by paying a few Gwei to confirm the action in MetaMask and that’s it! You are all set to make a continuous passive income in ETH.
  4. You can additionally purchase ‘Management Positions’. Next person buying it pays 10% extra than what you paid for it. Reinvest percentage applies and rest of your ETH goes go to Piggy Bank balance. Every position has a bonus percentage of Dividends. Those appear in your Management Vault and are bought of by the user buying your position.

Amount that you decide not to reinvest is your actual winnings, which can be redeemed by clicking ‘Payout Piggy Bank’ under the ‘Freelance’ tab.

A simple explanation of how the game works

A few notes… please read before playing:

  • Your winnings are generated in the form of dividends, which is raised from new ETH coming into the game. 98% of all ETH coming in is redistributed immediately.
  • New users joining the game = old users keep getting dividends. They buy their ETH Bonds from you at a premium.
  • Try with a little ETH first. Set ‘Reinvest’ to 10%, so 90% of your initial investment goes to Freelance Piggy Bank, and can be safely cashed out. Once you are sure about what you are doing, you can always get more ETH Bonds.
  • Player Vault is where your ETH is temporarily held before it is split into earnings and the percentage that gets ‘Reinvested’ into ‘ETH Bonds’ and rest goes go Piggy Bank.
  • Amounts appearing under Fills + Divs can be redeemed immediately into Player Vault for withdrawal by clicking ‘Fill’. It’s paid for using your ETH Bonds holding. In case you want to sell the ETH Bonds immediately, watch out for the option to ‘Fill’ those amounts with your Bonds and Dividends holding.
  • This is a decentralised game. Bonds, Dividends, Re/invest, Piggy Bank are terms used in the game and do not denote regulated financial instruments.
  • Every action in the game requires users to approve the action by paying a small amount of Gwei for fees. Make sure you have some loose change in your ETH wallet.
  • Do not forget to enjoy! It is a game after all!

If you found this guide useful, you can tip ETH to: 0xfF0b7515bd8C72022D118Bc0138997B757DdFd2d

Resources:

Published at Mon, 15 Apr 2019 15:12:16 +0000

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Is The Meteoric Rise In Cryptocurrencies Triggering More Cyber Attacks?

The cryptocurrency market is at an all-time high as coins recover from a  brief holiday bear season into a bullish New Year. But could this unprecedented growth in value attract cybercriminals?

Currently, there is a huge bullish run by bitcoin and other alternate coins on the cryptocurrency market even with the recent correction that saw bitcoin slightly drop in value over the holidays. However, now that the New Year has kicked off, cryptocurrencies are going up in price.  But could this surge in value be open season for cybercriminals?

For instance, the month of December last year saw Coinbase (a leading exchange in the US) temporarily suspended bitcoin Cash trading on its platform amid allegations of insider trading. In addition to that, the US Securities and Exchange Commission stopped a fraudulent initial coin offering for the first time. The fraudsters had lured thousands of investors with a promise of doubling their investments within months while the ICO raised $15 million.

How to Protect Your Cryptocurrency Holdings

Insider trading and fraudulent ICOs aside, the real threat to digital currencies still remains cyber theft. Simply put, hackers and cyber criminals pose a much more frightful menace to investors.

After all, we are living in a sophisticated digital age and since there are widespread digital tools and avenues that a hacker can use, the average person can hardly avoid or stop an attack once it begins.

Frankly, one of the biggest pain points in the world of cryptocurrency is cybercrime.  In fact, a report from the US Department of Homeland Security reports that between 2009 to 2015, more than a quarter of bitcoin exchanges were attacked.

Surprisingly, however, such reports have not been enough to keep cryptocurrencies from growing in value. Cyber criminals follow the money, however, and at the moment, it’s easy to see that the cryptocurrency market is where the money is as it currently stands at a market capitalization of about 816 billion according to CoinMarketCap.

With the rising price of bitcoin, cyber heists have become even more profitable as it only takes a single attack to potentially make off with millions of dollars.

How to Protect Your Cryptocurrency Holdings

How to Protect Your Cryptocurrency Holdings

With the cryptocurrency prices on the rise, investors need to be more vigilant than ever when it comes to protecting their digital assets. In most countries, the U.S. included, digital currencies are not recognized as legal tender so investors have little to no recourse when their funds are stolen.

So, how can an individual investor take measures to protect a digital assets account? No measure is absolutely foolproof but there are steps that you can take to minimize your risk of theft:

  • Installing an antivirus with anti-phishing support
  • Using a VPN to protect your internet connection
  • Adding an extra access protection layer with 2FA
  • Using a hardware wallet to store your cryptocurrencies
  • Setting up firewall protection

Do you believe that no one including well-funded corporations is 100 percent safe from hackers? What are you doing to protect your cryptocurrencies? Talk to us!

Images courtesy of AdobeStock, Shutterstock

The post Is The Meteoric Rise In Cryptocurrencies Triggering More Cyber Attacks? appeared first on Bitcoinist.com.

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