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Build an epic crypto portfolio starting with LINK, AAVE & RTC

 1 year ago
source link: https://cryptomode.com/build-an-epic-crypto-portfolio-starting-with-link-aave-rtc/
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When building a crypto portfolio, some token combinations can help enhance your outlook on crypto markets and have you moving like an established enterprise that relies on sound business intelligence.

A great example of such a combination is Chainlink (LINK), Aave (AAVE) and Rate That Crypto (RTC), and here’s why having these three is a solid strategy for building an epic crypto portfolio:

Chainlink

Chainlink offers oracles that bring external data onto a blockchain so that dApps that need it, can be accurately guided. It’s underpinned by the LINK token, which you can now stake for rewards from any dApp operations that call on the Chainlink platform for information.

Another beauty of holding LINK is that it immerses you in the real-world trends affecting blockchain dApp metrics. For example, you can see which data types are most in demand: currency prices, open interest, weather events, sporting outcomes or other data points. 

This helps you understand what influences trade on a specific blockchain and how you can strategise according to changes in this data. It is also a good resource for researching the relationship between economic activities on different blockchains.

Aave is one of the top decentralised borrowing and lending platforms in the blockchain space. Holding its AAVE token can help you immerse yourself in a valuable data mine. For starters, Aave’s liquidity pool balances help to indicate how much of a token’s supply has been locked away and how that could affect its price on exchanges.

Secondly, you get to see the interest rates and yields attached to different assets, and this information clarifies the demand levels for specific tokens. Finally, you can also follow the Aave Risk DAO’s activities to comprehend the criteria used to evaluate the safety of a potential listing, determine collateralisation ratios and monitor risks associated with potential price crashes and subsequent liquidations.

If you’re an investor that pays attention to bonds and treasuries for guidance on other markets, Aave can play a similar role by informing your investment in blockchain tokens. 

Rate That Crypto

This is a platform that completes the cohesion in the LINK-AAVE-RTC trio. Rate That Crypto enables you to capitalise on the information you get from Chainlink’s oracle network and Aave’s borrow/lend platform in a very low-risk manner.

Once you’ve formed an opinion based on your analysis, you can participate in the Rate That Crypto game by selecting a coin/token and making a bullish or bearish prediction over a specified timeframe with points staked. 

With each successful prediction you make, your points multiply, and you move up the leaderboard, eventually becoming eligible for higher rewards from the game’s prize pool. Once you receive your payout in RTC tokens, you can stake them for exclusive rewards or transfer them to another platform for liquidity provision or trading. 

In addition, you can use the Rate That Crypto platform as an advertising medium if you want to partner with other users in ventures like lending assets to earn interest. 

Wrapping Up

The combination of LINK, AAVE and RTC bring together the underlying concepts in credit analysis, market forecasting and gamification. It’s a creative way to stay tuned into crypto markets and understand the effects of leverage and profit while managing risk cost-effectively. 

>>> Buy Rate That Crypto Now <<<

For the latest news on Rate That Crypto check out the RTC Discord Server and join the telegram group.

For more information on our top pick Rate That Crypto visit the links below:

Presale Website: www.ratethatcrypto.com

Linktree: https://linktr.ee/ratethatcrypto 

HOW TO BUY RATE THAT CRYPTO (RTC)

NOTE: 

  • USD Coin (USDC) on the Polygon network is required to buy the $RTC presale
  • Ensure that you have a small amount of Polygon (MATIC) to cover gas fees. 
  • MetaMask is highly recommended (either desktop or in-app). However, TrustWallet and Coinbase Wallets are also supported

HOW TO BUY USDC (PoS)

OPTION 1: BUY USDC DIRECTLY

  1. A) IMPORT THE USDC TOKEN

Copy the Polygon USDC token address: 0x2791Bca1f2de4661ED88A30C99A7a9449Aa84174 

In your MetaMask Wallet, Press ‘Import token’ and paste the address.

  1. B) BUY VIA TRANSAK/ MOONPAY USING YOUR CARD

From MetaMask, press Buy and you choose either MoonPay or Transak. You will need to follow their additional steps, likely including KYC depending on your local region

OPTION 2: POLYGON BRIDGE

  1. A) BRIDGE ETHEREUM TOKENS

Go to the Polygon Bridge and select your Ethereum based token that you wish to bridge to Polygon. Ideally USDC, but you can also bridge ETH, MATIC, USDT etc.

*If you bridge Ethereum based USDC to Polygon USDC, you can skip Step 2 and are done!

  1. B) SWAP FOR USDC (IF NEEDED)

Select Polygon Swap on the left pane and enter the token value amount that you wish to swap for Polygon USDC. Approve and Confirm the transaction in your Wallet

HOW TO BUY RTC

  1. A) VISIT RATETHATCRYPTO.COM AND CONNECT YOUR WALLET

Ensure the Polygon Network is selected and then press ‘CONNECT WALLET’

  1. B) ENABLE PERMISSION

Confirm that you allow the contract to access your USDC balance. Don’t worry, no transaction will occur yet

Enter the $USDC amount that you wish to invest. The minimum investment is $10.

  1. C) ENTER AMOUNT
  2. D) APPROVE TRANSACTION

Press ‘Approve Transaction’ and confirm the request in your Wallet when prompted

  1. E) PURCHASE $RTC!

Press ‘Purchase RTC’ and confirm the transaction once more in your Wallet

None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.


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