The Axo Guide series will serve as a weekly preview of our upcoming multimedia Axo resource, starting with Receipts. 🧾

In this thread, we'll cover:

🔹 What Receipts are
🔹 Why we need them
🔹 How to burn them
🔹 Best practices

🧵 1/7 Receipts are NFTs that contain information about a particular trading strategy on Axo, including a visual representation.

Every strategy creates 2 identical NFTs. One lives in the strategy and the other in your wallet. Only the NFT holder can interact with the strategy.🔐

🧵2/7

How to make sense of memecoins.

- Thread Time 🧵-

#Cardano 1/ Intro

Memecoin fever has gripped Cardano, and it has a lot of people confused. How is it possible that in the midst of the iciest of bear markets, there is still enough dry powder to create a speculative mania?

Today we will be discussing the economics of memecoins.

Active vs passive investing:

Why monkeys might be better investors than degens.

- Thread Time 🧵-

#Cardano 1/ Intro

In investing, there are two main camps:

- Active: Where you make regular decisions to address your investing needs
- Passive: Where you fund a specific strategy & keep doing so indefinitely

Both have their benefits and weaknesses, which we will explore in this thread.

DeFi will defy expectations - why on-chain identities are essential for mass adoption of #Cardano.

- Thread Time 🧵- 1/ Intro

Now that the angry dust is clearing from the contingent staking debate, perhaps it's worth discussing why on-chain identity verification can be very important to mass adoption.

It's not without its tradeoffs, but it is needed if we want to fully bloom to our potential

Building a portfolio that survives the bear market.

- Thread Time 🧵-

#axotrade #defi #cardano #ada #cardanocommunity $ada 1/ Intro

Bears are vicious creatures, you blink for a second, and they can rip away any gains you had with a single swipe.

In this thread, we'll discuss the three genres of assets and how to build a portfolio that can not only survive the bear market but thrive.

How to tackle Cardano's governance.

- Thread Time 🧵-

#axotrade #cardano #cardanocommunity #ada $ada #defi 1/ Intro

Cardano is entering the age of Voltaire, the age of community governance.

This is going to be a critical development period, which will, in no small part, determine the future of the blockchain.

In this thread, we'll discuss the pitfalls and solutions to governance.

Ponzinomics -

Or why most yield in blockchain assets is fake.

- Thread Time 🧵-

#axotrade #cardano #cardanocommunity #ada $ada #defi 1/ Intro

Blockchain projects have a problem where most business models could never work in the long run, or they're only sustainable with a HUGE volume of users

It's a chicken & egg problem, where you need users to have a good protocol, but you need a good protocol to get users

Why most of your tech startup investments are bad and won't make it through the bear market.

- Thread Time 🧵-

#axotrade #cardano #cardanocommunity #ada $ada #defi 1/ Intro

A core tenet of traditional financial education is that when you invest, it should be done in businesses that can support their own existence. This has changed in recent decades.

Now, it's about numbers going up at ever higher rates instead of sound fundamentals...

Without Decentralization, Cardano Will Die.

☠️

- Thread Time 🧵-

#axotrade #cardano #cardanocommunity #ada $ada #defi 1/ Decentralization

The philosophy underpinning blockchain is that no person could or should be in power, as this leads to the abuses and oligarchies that we see in our everyday lives.

Instead, every user is given the ability to decide the best course of action for themselves.

How to buy the dip, and not get wrecked.

- Thread Time 🧵-

#axotrade #cardano #cardanocommunity #ada #defi $ada [Disclaimer]

This thread will necessarily talk in vague terms and avoid giving concrete examples, as the goal is to teach financial principles - not to give you an excuse to YOLO your life savings away.

Only ever invest money you can afford to lose. Every trade carries risk.

Why Total-Value-Locked is a nonsense metric that will make you poor.

- Thread Time 🧵-

#cardano #ada $ada #CardanoVasil 1/ Intro

This month, 2 Solana developer brothers admitted to pretending to be 11 different devs, who jointly created Dapps that accounted for $7.5bn in value.

The catch? It was all fake. Every single dollar was counted SEVERAL times over.

coindesk.com/layer2/2022/08…

🧵Thread, read whole

0/ Before we allow anyone to claim Cardano has concurrency issue, we'd make one thing absolutely clear.

In Ethereum everything is absolutely sequential, pool selects txs based on reward maximisation, then everything is applied to previous state one by one. 1/ Yes, it's damn easy to write on something what is absolutely sequential and has global memory, that's what everyone does when writing their first program, and some devs never deal with concurrency, not to mention real one like in distributed database systems.