Deeper Network is an interesting decentralized VPN solution. Instead of being tied to a VPN provider, every running Deeper Network device, can essentially be a VPN end point. As a user, you’d just need to pick the country you want to be virtually in, and surf away.
It’s a cool solution to use if say you want to watch specific streaming programs only available in a different country.
My primary interest with Deeper Network is crypto mining. We earn a fixed rate of tokens daily just by leaving the device running. From the view of earning consistency DPR would be the best I’ve experienced.
This is what you’ve got to do to get started.
Purchase a Deeper Connect device. There’s currently an Indiegogo campaign and you can order a Deeper Connect Pico. If you appreciate what I’m sharing, I’d be happy if you can use my referral link https://deeper-connect-pico-1.kckb.st/d73c4627
You can have multiple devices, but they must be on different network. E.g. a typical household only has one Internet connection, so we can only have one. But if you have multiple locations and multiple connections, you can set up 1 device per location.
To earn, you need to buy some DPR tokens and stake them. This part is necessary, and your ROI depends on how much you stake. As of this writing, DPR is about US$0.10 each, so if we stake the max of 101,000 DPR, it costs US$10,100. Sounds like a lot, but the earning rate of 60% per year is fantastic! Best part, you get paid out every day!
I have started my journey since Dec 2021, and am seeing the returns for the 2 units I have. This is real stuff, and am quite pleased with how things are going.
Yes, there are some caveats, like staking means locking away the stake for 9 months. Looking at the rate of return, it’s quite worth it. As with any investment, there’s always risk. Seeing how DPR had gone up before, with token price at about US$0.10, it’s a reasonable entry point.
Have a read more into Deeper Network, I’ll share some links here. If there’s some up take from my referral, I’ll be happy to share more and what’s my strategy. (Hint: I didn’t stake 100k DPR). Leave me a comment if you’d like to find out more.
Crypto has without a doubt become a hot topic since end of 2020. All thanks to the surge in Bitcoin making several all time highs (ATH) since then.
Many are drawn into crypto in the hope to make some good money. For me, I got drawn in a little earlier, during the 2020 COVID-19 circuit breaker. (That’s the Singapore term for what was similar to a lock down.)
There are two main avenues to make some money with Cryptocurrency. Either to participate in the network as a “miner”, or investor buying and selling coins on the exchange. I am both, and in this post, I share more about investing, and how to get started.
Disclaimer, I’m certainly no financial advisor and I share based on my personal knowledge and experience. You shall be responsible for your own actions. Crypto prices can move rapidly in either direction and certainly not for the faint hearted.
Alright, let’s get to it.
Step 1 – if you don’t yet have it, install the Google Authenticator. It provides 2FA protection to a number of accounts you will be setting up next.
Step 2 – set up a few accounts with crypto exchanges. All these accounts are free, so don’t worry about having to pay any fees. All account opening process involves some validation of your identity, it will take some time. So please do not wait till the moment you need to make transactions to start the account, you will likely miss the opportunity. Hope you appreciate what I share here and you will open your accounts with my referral.
Coinhako – this is a Singapore based crypto exchange. You want to open an account here as it allows the cheapest and quickest option to move money in and out of crypto via bank transfers. Credit cards are also accepted for immediate purchase, but there is a small credit card fee that will be charged. Very handy for those critical moments where you need to enter but the cash balance in your account isn’t sufficient. There are some coins you can buy here, but not all coins. For that you need to open up accounts in other exchanges which I’ll cover below. Please use my referral link below to open your Coinhako account. If asked for Referral Code, please use 132524_3863569 https://www.coinhako.com/affiliations/sign_up/132524_3863569
Coinbase – this is another crypto exchange with Singapore presence. It went IPO in April 2021 and that sparked a rally in the crypto market. Coinbase is a larger exchange than Coinhako and offers more selection of coins. The best thing with Coinbase in Singapore is that you can set up automatic recurring purchases. For example one nice strategy is to dollar cost average your position with certain coins and say do a weekly buy of a fixed dollar amount. This is a good long term strategy and you can set and forget. Purchases are done with credit cards only. The challenge though is you need to earn your purchase limit Coinbase. The highest is SGD 750 purchase limit per week. So it may not be a great option if you want to put in SGD 1000 in one transaction. Sign up with Coinbase with https://coinbase.com/join/zishen_j?src=ios-link
Binance – is one of the largest Crypto exchange in the world. The services offered goes beyond simple buy and sell of crypto. Limit trades, interest bearing fixed deposits, Coin Staking are a few examples of the added services you can experience. They even have good tutorials to explain about crypto and the functions within the platform. Purchases for us in Singapore tend to be a two step process. (Unless it is a popular coin.) First step is to buy an intermediary coin like BUSD or USDT with credit card, then do a coin swap to the desired coin you want. Sometimes credit card transactions may need a few attempts to go through. So it may be a good idea to keep some BUSD or USDT on hand for that moment of opportunity. (BUSD and USDT are stablecoins, which have a fixed value where 1 coin is worth 1 USD.) There are two sites for Binance, binance.com and binance.sg. The one I’m writing about here is binance.com. Other way to fund the Binance account is with bank transfers via SWIFT. Sign up with Binance with https://www.binance.com/en/register?ref=Y0XLS9A3 My referral link specifically offers you some rebate.
3 Exchanges should be a good start. At this point, you should have some idea why the different exchanges. There are a few more, but let’s leave them for another day. For myself these three serve all I need.
Step 3 – consider joining Celcius Network. Yup, another account to open. I think this is a must for anyone who plans to hold on (HODL in crypto lingo) to their coins. Celcius Network is made possible by the person who pioneered VOIP, Alex Mashinsky. Have a look at his profile and you can sense the genius level here. The idea behind this company is essentially to encourage HODLing. They incentivise you by giving interest on the coins you park with Celcius Network. I am going very long term with my coins, and rather than just have them laying around the digital wallet in the exchange, I’d rather have them earning more for me. Celcius gives different rates fo each type of coin, e.g. ETH today is 5.05% p.a., and is paid every Monday. You can choose the reward to be in the same base coin, or CEL which is Celcius’s own token. You can pick either and switch back and forth. Personally pick CEL to diversify my positions and also it has the potential to increase in value. If you are following, you’ll probably be thinking now, so how does Celcius, as a business, make money to survive. Simple, they offer loans. Loans at very low interest rates, and you’ll use your coins as collateral.
Step 4 (optional) – purchase a hardware wallet. This is for those who want to HODL, but not leave it on any exchange on the Internet. Some follow the mantra “Not your keys, not your coin“. What that means is that for each location that is storing your coins, it is protected by a private key. So, if you have opened up the 4 accounts as I suggested, you would have 4 different wallets, one with each exchange. Every wallet will have it’s own private keys, which are held on to by the exchange. You do not have access to it. In earlier days, you’ve heard about exchanges being hacked, one of the goals of hackers will be to steal those keys. The “scary” part about crypto is that anyone with access to your private key essentially have access to all coins in that wallet. So, if you don’t trust your exchange to safe keep your keys better than yourself, you can invest in a hardware wallet. I personally own a Ledger device, and I find that it is very well designed and implemented. I do feel safe with it. Bear in mind though, if it’s in your Ledger, it’s not going to be earning you any interest. It’s one or the other.
Thank you for reading this far, and I hope you have got yourself set up for some Crypto trading. One thing I haven’t mentioned yet is how to transfer coins between wallets. That’s important, especially you want to move coins to Celcius. Though you can buy coins directly on Celcius as well, it hasn’t worked for me. What I typically do is buy on one of the exchanges, and then do transfer. Be aware though, Coinhako is not able to send and receive all the coins on the platform.
I wish you good luck with your Crypto adventures, together we HODL!