Financial support for Ukraine: your cryptocurrency can save lives

Kyrrex is monitoring the situation in Ukraine, providing assistance to citizens, volunteers, and public organizations. 

This time, we sent raised funds for the Mykolaiv Regional State Administration and the Ukraine Security Service in the Lviv region. We believe that these donations will provide humanitarian support for people in areas and contribute to local budgets.  

#Cryptocurrency Market
Kyrrex: The World’s First Crypto-Fiat Bank

Cryptocurrencies are turning out to be a definitive characteristic of the 21st Century. Similar to the evolution of electric cars and smart technologies, the underlying blockchain principle has solidified the place of this digital finance system in history. Thus, the march of progress in all things crypto is changing from a brisk walk to a dash. And as the narrative changes in favor of decentralized digital financial systems, Kyrrex appears as the first crypto-fiat bank.

The Kyrrex engine evolved from a determined purpose to sort out some of the still-existing gaps in the crypto industry. As a centralized exchange platform, Kyrrex’s driving objective is to provide users with the opportunities and needed digital infrastructure to slide into the backseat of the crypto sedan without throwing away the old ledger of handwritten or Excel-driven ledger accounting.

As the first crypto bank, Kyrrex takes the initiative of financial inclusivity to a whole new level. Its lineup of integrative features, for example, the liquidity hub, implement the core tenets of the Satoshi Nakamoto principle. These include autonomous economics, investment adventures that are unhindered by geographical space, and avenues for wealth building that are legal, recognized by peers from different parts of the world, and primarily managed by the person rather than a traditional banking institution.

So, as the first crypto-fiat bank, Kyrrex’s mandate is genuine and also original. The user (who is an ordinary person, a newbie to the crypto industry, an expert trader or investor, etc.) is the center of the revolution. The architecture of the exchange platform is such that this user, some of whose assets are still in fiat, has all of their questions answered and the world of crypto assets opened to them.

In this article, we highlight the peculiarities of the Kyrrex crypto exchange platform. First, we underline the gaps in the traditional and crypto accounting industry, then present the attributes of Kyrrex as the first crypto-fiat bank. Lastly, the article touches on the platform’s prospects for the future.

Lapses in the Financial/Banking Industry and the Need for a Crypto-Fiat Bank

Token Airdrops Beginner Guide

This in-depth guide explains the intricacies of token airdrops so you can get free tokens from DeFi projects 

Airdrops are a common way for crypto projects to grow in popularity and reward dedicated users and supporters. A crypto drop disburses the project's tokens to users who meet certain eligibility conditions. 

These eligibility requirements vary and can be based on social engagement, transactions made, or longevity of interaction with the platform. 

The best airdrops come from bridges, ZK rollups, DeFis and other projects built on Layer-1 ecosystems. Researching new protocols within popular emerging blockchains is a good way to net valuable tokens for free.

What are Airdrops? 

Airdrops have become more frequent in the crypto space. These token giveaways contribute massively to the growth of the cryptocurrency ecosystem by attracting new users and investors. 

A token drop involves disbursing tokens for free to those who qualify to receive them. In most cases, the qualified participants are early adopters of a project. Sometimes, the project rewards them for helping to spread the word on social media. An airdrop can also be given as a reward to holders of another token. 

Many new decentralized application (dapp), decentralized finance (DeFi), metaverse and NFT protocols implement some form of airdrop as a way to get the ball rolling and quickly become relevant. The distributed tokens are used for a variety of narrow functions such as governance, utility and anti-manipulation by whales. 

The right airdrop can provide a lucrative opportunity for recipients. In recent times, a few projects have distributed airdrops worth thousands of dollars in value. Rarely, these come out of the blue; often, they're highly anticipated and competitive drops. In airdrops, as with general token trading, getting in early is the name of the game. 

Many DeFi protocols have gone on to distribute airdrops for their earliest community members. Many people who traded on these platforms at the beginning have gotten rich from token drops. 

As a result, the spotlight has turned to popular and thriving protocols currently without a token. Swapping, staking and other DeFi activity on these platforms has spiked in anticipation of retrospective token airdrops. Following the example of Ethereum Name Service (ENS) , retrospective drops have become the favored medium by tokenless protocols. 

But what's the best way to qualify for big token airdrops? There are a number of good strategies to employ and get eligible for drops potentially worth thousands of dollars with little to no upfront investment.

How to Find Good Airdrops

#Cryptocurrency Market
Best Way to Set Up, Manage and Organize Your Crypto Portfolio

Starting with Bitcoin, cryptocurrencies have made many people rich and it is normal to want in on the action. However, investing in crypto is like riding a tiger so you need to create a well-balanced crypto portfolio built on prudent allocation and diversification. 

This guide discusses the things to consider when creating a portfolio of digital tokens. By studying the factors that should influence your choices, you can put yourself in the best position to benefit from the current crypto boom. 

What Is a Crypto Portfolio? 

A typical portfolio consists of financial investments like bonds, equity, treasury bills and ETF instruments. It's a collection of investments spread across different asset classes. A crypto portfolio, on the other hand, consists of just one asset class—cryptocurrencies. 

Within this asset class, however, are different types of cryptocurrencies, and the goal is to spread investments in a way that optimizes overall gains and minimizes the impact of a single failed investment. 

A typical crypto holding can consist of Bitcoin, established altcoins like Ethereum, emerging coins like Solana, new coins like Kyrrex and speculative tokens from an ICO or IDO, and financial crypto products like options or leveraged tokens. 

What Should My Crypto Portfolio Look Like? 

IEO vs ICO. How has a new type of crypto investment proven itself?

In 2017, against the backdrop of the rapid growth of the cryptocurrency market, the so-called ICOs were actively developing. The abbreviation stands for the Initial Coin Offering and implies attracting investors to blockchain projects through the sale of tokens before the official launch of the project in order to receive money for development. As planned, at the initial stage, tokens have a minimum cost. And after the launch, they will rise in price, and investors will be able to sell them 2-3 or even 10 times more expensive (depends on the success of the project).But the skeptical opinions of experts came true. In 2018, it turned out that the lion’s share of ICO projects was unprofitable. And more than 60% of them were not completed at all (they simply closed after the collection of investments). Given the lack of regulation, such actions are difficult to equate to fraud, so market participants are disappointed in such technology.

At the end of 2018, representatives of the cryptocurrency sector proposed an alternative – IEO. This is the name of the Initial Exchange Offering in which the sale of tokens is carried out through an exchange (for example, Binance, Coinbase, Kyrrex), which is the guarantor and intermediary of the transaction, charging a small commission for this. The difference between IEO and ICO is that the exchange team conducts a preliminary review of projects and selects only the most promising ideas.

Technical differences IEO vs ICO

IEO participants are trying to regain confidence in investments in blockchain projects through the Initial Coin Offering. Therefore, in the new format, money from investors does not go directly to the creators of the smart contract, but to the account on the exchange. Only after that they can be used in work. But first, all startups pass verification through their representatives. And the movement of funds received is controlled by exchanges. Data collection and strict control minimize the risk of fraud, but do not exclude formal bankruptcy and unsuccessful launch (no one is protected from this).

Today’s popular sites on which initial exchange offerings are held:

  • Binance Launchpad;
  • Bitmax Launchpad;
  • Bittrex IEO;
  • OK Jumpstart (OKEx);
  • KuCoin Spotlight;
  • Huobi Prime;

To become an investor, it is also necessary to go through verification and registration on the site and select a project from the available ones (a detailed description, team members, and statistics are also added there).

IEO in the foreground. ICO is gradually “dying”

The main advantage of the new format of the initial coin offering is trust. Exchanges took on reputational risks, since in the event of failure, a flurry of negativity will primarily result in them. Therefore, projects are selected very strictly (according to insider information, more than 80% of projects do not pass control). Multilevel verification and the ability to track money or return it in case of force majeure increase the safety of investors. An important aspect is that exchanges control the IEO smart contract and conduct KYC / AML procedures. It is also convenient that listing after the launch of the blockchain project is carried out on the exchange automatically. It will be possible to buy and sell tokens instantly with the possibility of exchanging for fiat.

ICO “dies” – this is confirmed by the numbers. According to TokenData, in the first decade of 2019, the turnover there amounted to only 118 million dollars. And in IEO over the same period, the turnover was about 1 billion.

Many experts in the blockchain industry confirm that IEO can become the standard model for raising funds in the crypto space. But you should not expect such a boom as with the ICO in 2017. Since trust was still crushed in general.

#Cryptocurrency Market
Guide: How to Add Coin or Token to Trust Wallet

In this article we are going to guide you with step by step procedure of adding, editing tokens to your Trustwallet

How to Add a Custom Token to Trustwallet?

We are here to help you with adding KRRX token to your Trust Wallet app. KRRX is a native token of a quite-known crypto trading platform - Kyrrex. So, what’s the reason for investors and traders adding the token to Trust Wallet? It provides many features to its holders like decreasing trading commissions, stacking, and the possibility to catch the token’s growth from the beginning.

Kyrrex is a crypto exchange company regulated by Malta and Estonia authorities. So, investing in its native token can be a profitable bet even during a short period of time. As we can see, KRRX provides many outstanding possibilities. Trust Wallet supports many blockchains and over one thousand crypto tokens. The system keeps providing us with brand new chains/tokens every week. 

By default, Trust Wallet allows us to work with Bitcoin (BTC), Ethereum (ETH), and Binance (BNB). So, what should you do if you need an extra token in your crypto wallet?

There are several simple steps to do it.

Step 1: Click on the manage button

The manage button is located in upper right corner of your Trust wallet app. Clicking on it will give you access to the app's Menu.