What are /r/solana's favorite Products & Services?

From 3.5 billion Reddit comments

I said this because once you start using Solana, you end up with a bunch of other tokens like Ray/SBR,Orca and many others. Probably also true with Ethereum, but few people want to pay those gas fees. Cardano was the first crypto I took out of an exchange in my wallet, but there is not much you can do. And when you get used to making 5-10 transactions a day on Sol, Algorand, or other below 0.01usd fee chain, ADA fees actually add up to a lot. (1000 USD a year).

Using Solana actually convinced me to sell my ADA. Promises are ok, and they have the funding to keep building forever, but the future of internet is happening right now on other chains, and using it makes you understand a lot of things. My goal is to have 3 blockchains I use, and for now I picked Solana and Algorand. I still need to check other ones like Avalanche, Luna, Celo, Fantom, Harmony etc and see what they have built, but I don't think many people will come back to Cardano after trying all of these.

You can say the exact same for others on that chart. Oh look at Binance 50% wtf?!? OMG look at Celo?!? Holy Poop God look at Flow! Then ask yourself... Where do those coins compare to Solano?

Also the chart is dated. You can check on the updated logistics of his chart @ Messari. :)

You could be in for a ride to 600$

Kraken's Pete explains it very well. Leave this dude a follow

and subscribe to Kraken's Intelligence and OTC newsletter so you'll know when you should worry here

The only reason I still use an exchange is to hold L1 that I haven't had enough time to research. I put $50 in Near, Fantom, One, Celo, Hbar, Tezos, Atom, Kusama Elrond, Vechain, Luna. It helps me keep my FOMO in check, while most of my holding are now onchain on Solana, Algorand and Avalanche. (Even my ETH and BTC)

Here is the straight forward answer (Yellow marked) to the Risks Of Yield Farming:

https://changenow.io/blog/yield-farming-risks#:\~:text=Yield%20farming%20involves%20supplying%20your,loss%20of%20your%20cryptocurrency%20asset.

I've been curious about this too. The FTX/FTX.US jurisdiction thing and recent acquisition of Blockfolio seem contradicting and confusing.

But I found this quote from here:

>Trading on the FTX mobile app is powered by FTX.COM and FTX.US depending on the user's location. When users authorize trading on their FTX app and complete the applicable FTX customer identification program, the app automatically routes them to the trading products and assets available based on their jurisdiction. For US residents the FTX mobile app will serve as the simplified yet powerful mobile interface of the FTX.US website.

or here has similar comment.

So I've been under the impression that it automatically chooses the US backend and US residents can simply use the FTX app. Not sure though.

Hello! CTO of Phantom here. Thanks for flagging your concerns. Just wanted to add to what u/brandon-phantom said.

As mentioned, the payload you shared is a standard Posthog payload, I believe Metamask uses Mixpanel (behind Segment), a similar product.

We use the data to create engagement metrics to see how the app is doing, but never to identify you. We actually don't want your IP address and will be turning that setting off in the next release :) Unfortunately it is on by default in Posthog.

Just wanted to explicitly mention that we are not tracking anything that would allow us to know your Solana address, but yes we do give you an anonymous user ID so that we can know how many users we have.

Lol. Can you use the desktop version? Just click the link I posted in my previous message and it will take you you the US version of FTX where you can buy $SOL.

(you can also use a VPN like Mullvad to buy from the non-US version of FTX)

Buy NordVPN. Cost $12 or something. Super easy to use. Buy Litecoin via . It has the cheapest fee for instant debit buys. Withdraw the Litecoin to Binance and trade it for USDT and buy Solana. Send the Solana to a wallet like “Trust Wallet”.

MOVECASH is the next pioneer of the blooming trend recently - Move-To-Earn.With Move

✅MOVE TO EARN APPLICATION: https://play.google.com/store/apps/details?id=de.run.movecash ✅KYC & AUDITED ✅HUGE AIRDROP ✅LOW TAX 0-5. ✅USER-FRIENDLY ✅LIQUIDITY LOCK ✅HUGE COMMUNITY ✅CMC & CG FAST TRACK AND AFTER PRESALE

MOVECASH is the next pioneer of the blooming trend recently - Move-To-Earn.With Move

✅MOVE TO EARN APPLICATION: https://play.google.com/store/apps/details?id=de.run.movecash ✅KYC & AUDITED ✅HUGE AIRDROP ✅LOW TAX 0-5. ✅USER-FRIENDLY ✅LIQUIDITY LOCK ✅HUGE COMMUNITY ✅CMC & CG FAST TRACK AND AFTER PRESALE

Staking Rewards is having a community call on the 5th Jan. You can register here: https://airtable.com/shrQqrA8PZhqGW92N

I think it would be nice to get some insights around these things from the team there

It is legit. it is based in Singapore.

I would recommend MEXC (To join, please register an account   In case, MEXC is notavailable in your country yet, you may logon via VPN (such as Hotspot Shield). Pleasenote that VPN is only required for registration.  After registration, VPN is no more required.)

1)    The Singapore-based exchange has arisen to be the top one-stop solution in thecrypto world.  MEXC is now one of the top ten exchanges globally, and itwas awarded the title of ‘Best Crypto Exchange Asia’ at the Crypto EXPO Dubai2021!

2)    MEXC also has various DeFi features on the platform such as staking and miningpools. Various crypto ETFs are available too, both indexed and are funds consisting of a list of different digital tokens. This allowsrisk averse traders to diversify the risks associated with crypto, while stillgaining the returns.

3)    The MEXC referral program allows users to be part of the program and, users whoreferto other friends can receive a commission from the fees incurred by their referrals, on the other hand, will receive a discount on their fees.

4)    Join now now and start trading with up to 125 x leverage,  The MEXC referral code is: 1MqYE. Or referral link:    New users registering withthis code/link can get the best sign-up bonus: Get USDT25 for Sign-up; up to20% trading fee discount; Deposit and trade to win USDT500!

Use a VPN.

It’s just a simple geo-tracker to prevent potential legality issues whenever US decides to act on regulation.

By using a VPN like NordVPN, ExpressVPN, or Hide My Ass you can set your location to Europe/Asia and bypass this.

Obv not financial advice and be informed on the risks associated with it.

Uniswap is for exchanging Ethereum based tokens, Ubeswap is for Celo based tokens,etc.,etc. A bridge is for moving tokens between Blockchains. Note that unless the tokens are native to both chains. Then they get wrapped.

For example if you wanted to use Ethereum on Solana you would send it to the wormhole bridge smart contract and it would mint Solana based wETH. To go back, you'd swap the other direction.

The problem now is that there is some question whether or not there's enough Ethereum left in the wormhole to unwrap everyone's wETH.

I did hear a rumor that Sam Bankman-Fried from FTX was going to cover it. Nice to have a spare $250 mill laying around!

Right now coinex but eventually I will be forced to move to Kraken as coinex runs on Tether and Tether is completely insolvent. Hopefully I can get out on time, or I risk losing it all.

There are also a lot of bitcoin nodes running on cloud services. That has nothing to do with the ethereum devs. Bitcoin is centralized in 4 mining pools, ethereum in 3. that is not a lot of legs to stand on for both of them.

I have used all of the bridges mentioned here. The most reliable and fastest way I have found is using https://changelly.com/. They have excellent support, and most trades seem to go through faster than the other bridges. It's also easier to send larger amounts of money. As always, only send a small amount through first to make sure you did everything correctly.

For BSC -> Solana, you'll want to send your BEP20 (not BEP2) BNB -> SOL.

In this webinar we talk with Founder and CEO Anatoly Yakovenko about some of SOLANA's key innovations that allow it to provide incredibly fast and cheap operations including:

Proof of HistoryTower Byzantine Fault Tolerance

By the end of this conversation you'll have a good understanding of this technology and how to get involved too.

Duration: 30min

https://zoom.us/webinar/register/WN_6aPCLs0MRpuISZ5UHjEU0A

>is there any risk of me losing money (outside of hacks)?

There is always a risk when Providing Liquidity to Pools (LP):

https://academy.binance.com/en/articles/impermanent-loss-explained

>

It says 1yr fees/liquidity 29%, is that the APY?

Yes it is, divide that on 356 days (1 year) to get your daily earning %

29 / 365 = 0.0794 % daily earning potential.

>Do I get paid out like kind or in Ray token?

It depends on the pair of the pool, if it gives yourRAY as rewards or something else.

>And is there a site to check the historical APY to see what I can expect in the future?

https://www.omnicalculator.com/finance/apy

Always excited to see people embark on this journey. A few questions first.

Do you want to be a developer for your career or do you want to have the ability to code your ideas? They’re similar, but different paths. I’ll just provide general topics but you’ll need to search for the resources.

I’d learn:

Frontend Development - JavaScript - React

Backend Development - NodeJS

Databases - mongoDB - postgreSQL

After your proficient with these it’s time to start diving into crypto

Crypto Development - web3 (for your blockchain of choice) - Solidity, Rust, etc (for your blockchain of choice)

Feel free to DM me with any questions. I can edit this later to add specific links. Another thing to keep in mind is that if you want to become a career developer you’ll also need to become proficient in algorithms for your interviews. The most popular resource for this is https://leetcode.com/.

Some career advice: - don’t fall victim to imposter syndrome and don’t ever compare yourself to others. Everyone learns at a different pace and everyone has different starting points and backgrounds. Compare your personal growth only against yourself. “Am I better now than I was 6 months ago? 12 months ago? Etc.

good luck!

Solana blockchain has been the choice of the majority of industry experts that use it for building blockchain projects on top of it. Now and then, a new project gets listed on Solana, be it an NFT Marketplace, NFT Game, or Derivatives exchange. We will learn more about new NFT projects that are built on Solana.

VOID

VOID is making the world’s first NFT holistic multiplayer online game with a strong focus on personalizing your character, fighting solo, or in small teams on epic open field battlegrounds.

The game has diverse characters to start your gaming experience. The character’s gears can be easily customized using NFTs to make it unique from other players. It utilizes all of the features of Solana Blockchain, such as one of the fastest transaction processing speeds alongside near-zero fees.

Space Bananas NFT

As the name suggests, Space Bananas is based on the kingdom of bananas called Bnanaland that lies in the depths of space. To fight the whales and the paper hands that occupy the crypto space, the Banana Kingdom has joined the community for the absolute mint.

A new era of NFT's dawns on the Solana blockchain to innovate and transform this world. With all the power of the united community, the collapse of the Paper’s Hand army is inevitable. The users can embark on an adventure in search of glory.

Solana blockchain has been the choice of the majority of industry experts that use it for building blockchain projects on top of it. Now and then, a new project gets listed on Solana, be it an NFT Marketplace, NFT Game, or Derivatives exchange. We will learn more about new NFT projects that are built on Solana. VOID VOID is making the world’s first NFT holistic multiplayer online game with a strong focus on personalizing your character, fighting solo, or in small teams on epic open field battlegrounds. The game has diverse characters to start your gaming experience. The character’s gears can be easily customized using NFTs to make it unique from other players. It utilizes all of the features of Solana Blockchain, such as one of the fastest transaction processing speeds alongside near-zero fees. Space Bananas NFT As the name suggests, Space Bananas is based on the kingdom of bananas called Bnanaland that lies in the depths of space. To fight the whales and the paper hands that occupy the crypto space, the Banana Kingdom has joined the community for the absolute mint.linktree

I think 33% majority by stake weight is required to halt the network but you need something above 66% by stake weight to actually manipulate transactions and such. Dont quote me though --- I read something like this earlier from a validator on the discord but i might not be explaining this properly. /u/zantetsulastblade2

Ethereum has it's own centralization issues with exchanges controlling a lot of nodes. https://nitter.net/larry0x/status/1422480942711689229?s=19

Well you need to trust the rollup network, the operator can still influence transaction ordering and you are literally connected to a data center instead of the ethereum network. You funds are secure on ethereum but you still become dependent on these middlemen, its less censorship resistant.

Read here: https://hackmd.io/@canti/rkUT0BD8K

There is a session where he talks about centralized sequencers being safer than supposedly centralized networks like Solana, according to "their standards". But Vitalik's standards aren't the ultimate truth.

Ask yourself, why do you think these companies like Immutable are so excited about solving these issues with ethereum, using zk rollups. Is that just because they love ethereum and want to fix it? No, they want to make money off it. They will bait and switch in the future for fees and the centralization aspects will become more apparent.

Then they will say they will decentralize the rollup networks too but that means making everything slower and costlier again. Then we will need zk rollups for the zk rollups.

What I intended to say is, that Solana can make those „huge“ TPS number real only by giving up security and decentralization to scalability. Every chain out there could ramp up their hardware specs and go to Data Center only requirements for their nodes and have those high TPS. They don‘t do it for a reason.

https://hackmd.io/@canti/rkUT0BD8K here is a good intro into the blockchain trilemma. If you don’t believe me, try to run a validator node and let me know how much it costs you p.a. to break even.

Avalanche has received more than one glowing review from Guy at Coin Bureau so I had to check it out. It has the same weakness as Fantom, EVM contracts, which make it slow for contracts, but has some excellent dapps. Notably TraderJoe, though it would be fair to say it has several.

Celo, at present, is more of a pure currency play like Terra/Luna, only with the dirt cheap fees like Matic, Harmony, Solana. Mobius offers the best yield on stable coins I have seen anywhere, and it only costs 25 cents to bridge money from Solana to Celo on Allbridge.

I checked out Livepeer and I like the site and the explanation. I am a little wary, though, having been burned on the hyped Theta and another project I don't even recall.

Not at all, but since you asked I took a quick look. It might be fabulous, but I tend to invest in blockchains I can test. So, Harmony, Celo, Fantom, Avalanche, Solana, Matic make that cut and keep me busy. Exceptions to that rule would be DOT and Elrond. To me Solana is far and away the best blockchain of the moment. Fantom might contend if they can upgrade their contract mechanism. Elrond and Dot will be interesting to see. Algorand is the dark horse with speed upgrades coming and the latest AVM currently being worked into new applications.

I recently used stealthex. It doesn't require KYC, you just send ETH/BTC/others and swap for SOL (or many other tokens). I sent some ETH over, spent about $4 in gas fees, then the SOL transaction took <5c and I was good to go. I was slightly suspicious about the site but it ended up working just fine. I did notice in the FAQ they mention they sometimes will KYC check so I'm not sure if they do that based on IP location. Might want to read it through for yourself.

Solana also has a wormhole for ETH. Allegedly it's live according to the website but I can't find the actual place to swap for the life of me. If you can find any more information let me know.

You can use uphold to buy and sell solana

Hi, I'd like to invite you to use Uphold. Create your account and try out one of the easiest and most cost-effective trading experiences. https://uphold.com/signup?referral=8b1764db29

Just take a look at the Fear and Greed Index. Sometimes it’s better to wait till it’s much Fear in the Market. Fear and Greed

For the number of use cases, also different from the rest of the crypto space, I would say Vechain. For the potential in case of a widespread adoption, I would say Celo. For investing with 100% safety and reduced volatility, I agree with bitcoin.

Check out Celo - Its a interesting project and they have a pretty incredible community as well as backers. Their governance token has been bouncing between $5 and $7 so I’ve been buying whenever it’s trending towards that lower end.

maybe https://play.google.com/store/apps/details?id=org.toshi
coin base is a big company. i would expect that they have the resources to make sure their wallet is very secure.
https://play.google.com/store/apps/details?id=com.medishares.android
math wallet is my personal favorite.

If you guys bought Coins under Solana Network then is the perfect Crypto Wallet for that for They Supports Solana as well as Polkadot, BNB, Eth, Near and Celo. Their Multichain app is launching this June.

Crypto is getting a lot of attention nowadays but even slick GUI can't hide huge problems with mainstream blockchains like Bitcoin and Ethereum.

The best example are user reviews of mainstream crypto apps:

Google Play - BitPay - Review

Solana solves that problems - we need more integration with wallets/exchanges.

In collaboration with Graph Protocol, Cosmos, Near, and Celo, the Solana Foundation donated 50k to Coin Center for a combined donation of $175k.

Research, education, and advocacy are essential for the growth of the industry.

Donate here: