AnchorSwap

In the crypto space, finding a profitable investment is not an easy task. In many cases, especially inexperienced investors rely on “tips” from influencers, spruced up Youtube videos, or convincing advertisements. Self-research is almost non-existent and unfortunately, very often the investment decisions are made at the wrong time, following the motto “buy high, sell low”.DYORDYOR means “Do Your Own Research” and is probably one of the most important abbreviations when it comes to investing. But that is often easier said than done. So, what should you take into consideration when it comes to getting involved in a crypto project?SafetyFirst and foremost is the question “How safe is my investment?”. There are several places to start to check this. When looking at the new project website, you should first check whether there is an official imprint listing the developers and whether this company is registered or legally authorized to offer financial services. A good example can be found here the website of AnchorFinance (<a href="https://anchorfinance.io/imprint/" rel="noopener noreferrer nofollow">https://anchorfinance.io/imprint/</a>). Another important security factor in the crypto space is the so-called “Migrator Code” — or rather, the lack of it! The Migrator Code allows developers to access their investors’ deposits at any time. As Migrator Code is not necessary for running a platform, it is a good security practice to have this statement absent or deactivated in the smart contract. You don’t have to be a programmer to check this. In most cases, this is reported in detail in professional audits, which already leads us to the next point…AuditCurrently there are dozens of crypto audit providers that independently and objectively scan and verify smart contract codes. The result of an audit should detail all the bugs and explain all potential risks. When the audit is published, you can usually find it on the website, or under the “Docs” tab of the project. Below you can find the link to our docs.<a href="https://docs.anchorswap.finance/audit/" rel="noopener noreferrer nofollow">https://docs.anchorswap.finance/audit/</a><img src="https://miro.medium.com/max/875/1*j0V2Hd5iCQVF7smb2srIiA.png" />The ecosystem of the AnchorFinance projectLifespanThe crypto industry moves very fast. Over 90% of all published projects exist for less than three months and disappear from the market as quickly as they came. There are several reasons for this. Apart from the global market situation and the related “Greed and Fear Index”, which gives information about the general state of mind of investors (usually based on the Bitcoin price), every year millions of investors fall victim to a so-called “Rug Pull”. The name comes from the expression “pulling the rug out.” This is how it works: a developer attracts investors to a new cryptocurrency project, then pulls all investors’ assets out leaving them with a worthless currency. In most cases, you have no chance of getting your assets — and thus your money — back. The lack of an imprint or references to the responsible developers make it very difficult, and in some cases impossible, to clear up such a fraud. Smart code vulnerabilities do not need to be always the result of bad intentions of the developers. In so-called “Flash Loan Attacks” hackers make use of gaps and errors in the code to access investors’ assets and to steal them. For this reason, a reputable audit is an indication of how easy or difficult it is to “hack” the project.Coming back to the subject of the roadmap, one rule of thumb usually works: the older the project is, the better. To determine the maturity of a token, you can check for example the chart “All Time”. Here you can also see the history of the token price since its launch. Besides, you should also look at the sales with vesting (release of the tokens for a certain period) before the TGE (Token Generation Event), which usually happens when listing on a DEX or CEX.You can find an example here: <a href="https://coinmarketcap.com/currencies/anchorswap/" rel="noopener noreferrer nofollow">https://coinmarketcap.com/currencies/anchorswap/</a>Another thing worth mentioning is that ANCHOR started as a “Fair Launch” project. This means that there was no presale before the TGE and therefore everyone had the same chances to enter the project.<img src="https://miro.medium.com/max/875/1*6LQL-V_jTP8KuvlDtd-BTw.png" />Roadmap &amp; Use CaseA good indication of the quality of a crypto project is the roadmap and the associated use cases for a cryptocurrency. Generally, the more use cases featured for a token, the better. Different application scenarios of the project address a bigger variety of target groups and thus increase the popularity of a token. This amplifies the interest and thus the value of the cryptocurrency. The roadmap of a project reveals the ideas, objectives and priorities of a development team. Investors can see whether the team has a long-term strategy of growth or rather aims to earn quick money at the expense of investors.AnchorFinance is a long-term venture. The team started over a year ago with AnchorSwap where investors have the opportunity to earn ANCHOR, native tokens of the project with their contribution to “pools” and “farms”. However, the roadmap shows a much longer story and promises a promising future for the ANCHOR. In addition to a decentralized “margin trading platform” with a unique use-cases of the ANCHOR token, the team is simultaneously working on 4 other attractive and innovative projects. Among them, the launch of an edge-cutting and easy-to-use crypto wallet is planned in Q4 2022. The AnchorFinance team is also involved in the NFT sector and is working on implementing new use cases in this domain as well. After saying this, it is safe to assume that as of today, we are just on the beginning of a great and exciting journey.<img src="https://miro.medium.com/max/875/1*nniIWYBR8TB5T7trde70NA.png" />More information about AnchorFinance and its planned products can be found on the Medium platform and other social media channels of the project.To invest in the ANCHOR token you can visit the in-house platform at <a href="https://www.anchorswap.app/" rel="noopener noreferrer nofollow">https://www.anchorswap.app</a>, or purchase the token on PancakeSwap: <a href="https://pancakeswap.finance/swap?outputCurrency&#61;0x4aac18de824ec1b553dbf342829834e4ff3f7a9f&amp;chainId&#61;56" rel="noopener noreferrer nofollow">https://pancakeswap.finance/swap?outputCurrency&#61;0x4aac18de824ec1b553dbf342829834e4ff3f7a9f&amp;chainId&#61;56</a>For questions and support about ANCHOR ecosystem you can contact the administrators of the respective social media channels.The official Telegram group: <a href="https://t.me/&#43;CCyXkZav41gzN2M0" rel="noopener noreferrer nofollow">https://t.me/&#43;CCyXkZav41gzN2M0</a>Project Website: <a href="https://www.anchorfinance.io/" rel="noopener noreferrer nofollow">https://www.anchorfinance.io</a>App: <a href="https://www.anchorswap.app/" rel="noopener noreferrer nofollow">https://www.anchorswap.app</a>Docs: <a href="https://docs.anchorswap.finance/" rel="noopener noreferrer nofollow">https://docs.anchorswap.finance</a>The above states an opinion is purely for information purposes only. It is not intended to be investment advice. Seek duly licensed professionals for any investment advice.

Investing basics and why ANCHOR could be a good investment to consider

AnchorSwap

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