<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/MetaMask_crypto_wallet_How_to_be_eligible_for_the_potential_airdrop-1024x576.jpg" alt="" class="wp-image-1096" srcset="https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/MetaMask_crypto_wallet_How_to_be_eligible_for_the_potential_airdrop-1024x576.jpg 1024w, https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/MetaMask_crypto_wallet_How_to_be_eligible_for_the_potential_airdrop-300x169.jpg 300w, https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/MetaMask_crypto_wallet_How_to_be_eligible_for_the_potential_airdrop-768x432.jpg 768w, https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/MetaMask_crypto_wallet_How_to_be_eligible_for_the_potential_airdrop.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



MetaMask is one of the most popular, secure, and sought-after crypto wallets operating on the Ethereum blockchain. Now, this platform is presented as a mobile app and browser extension. MetaMask app is designed to store, and transfer crypto and NFTs created on Ethereum and other compatible blockchains.



Today we&#8217;re going to talk more about the MetaMask extension and app. We will also discuss the MetaMask airdrop with free tokens.



<h2>What is MetaMask?</h2>



This is a free crypto Web3 wallet designed to keep cryptocurrency, make transactions as well as interact with Ethereum network apps. In other words, the MetaMask Web3 crypto wallet allows users to keep their keys and then securely use apps and websites with dApps that are based on Ethereum.



<h2>How does MetaMask work?</h2>



It is a secure and trustworthy tool on the Ethereum network with a perfect interface and convenience of transactions. This crypto wallet does not require you to manage keys with each transaction. Instead, it signs all transactions and demands a confirmation when you make a secure payment.



MetaMask supports Bitcoin, but not the way an exchange wallet accepts this cryptocurrency. Bitcoin is not an ERC-20 token, so the most popular crypto is not directly received by MetaMask.



<h2>MetaMask: pros and cons</h2>



The application has several obvious advantages: a well-known developer, a large number of crypto, support service, additional features, and a concise design. In addition, this is a non-custodial wallet, its developers do not collect users&#8217; keys.&nbsp;



What about a future airdrop? The company has already confirmed that it will launch a token. However, there are no further details about airdrop available. However, we have some great news for you. If you want a chance to win a retrodrop, all you have to do is join AlphaQuest and complete the simple tasks from the list!

AlphaGuilty

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MetaMask

<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/Potential_LayerZero_airdrop_—_How_to_be_eligible_and_get_free_crypto-1024x576.jpg" alt="" class="wp-image-1131" srcset="https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/Potential_LayerZero_airdrop_—_How_to_be_eligible_and_get_free_crypto-1024x576.jpg 1024w, https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/Potential_LayerZero_airdrop_—_How_to_be_eligible_and_get_free_crypto-300x169.jpg 300w, https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/Potential_LayerZero_airdrop_—_How_to_be_eligible_and_get_free_crypto-768x432.jpg 768w, https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/Potential_LayerZero_airdrop_—_How_to_be_eligible_and_get_free_crypto.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



There is no doubt that the popularity of LayerZero will continue to grow. From the moment crypto appeared, it was clear that blockchain would be the most promising technology. Now, this is a reality and we are constantly facing new challenges and problems. Blockchain is not easy: it is the inevitable cost of a secure and functional system.



But how can LayerZero protocol help and why LayerZero Labs has made a breakthrough? Today we will talk about that and also discuss a possible LayerZero airdrop.



<h2>What is Layer 0 protocol (Layer Zero)?</h2>



So, LayerZero is a special application that allows you to send and receive transfers between blockchains using the ULN model. It uses an oracle and a relayer for processing. In other words, LayerZero is an interoperability protocol (omnichain). Now LayerZero enables the realization of cross-chain applications with a low-level communication primitive.



<h2>How does LayerZero protocol work?</h2>



LayerZero allows you to achieve cross-chain operational compatibility and functionality. LayerZero uses the Chainlink oracle, which has one of the clearest and most robust security policies. So, if someone decides to perform some questionable operations with LayerZero, they will encounter protections that cannot be easily bypassed. Moreover, LayerZero provides uniform liquidity across all chains with guaranteed finality at the source chain.



<h2>Who is the team behind LayerZero?</h2>



LayerZero Labs is a startup based in Vancouver. The LayerZero Labs was founded in 2021 by friends who worked together in computer network research labs.&nbsp;



Sequoia Capital and Andreessen Horowitz led a $135 million Series A+ investment in LayerZero Labs, with additional investors including Coinbase Ventures and Uniswap Labs. The LayerZero Labs previously raised $6 million in Series A funding from Binance Labs, and Sino Global Capital, among others.



But what about LayerZero&#8217;s potential airdrop and free crypto tokens? LayerZero does not currently have a crypto token, and there is no official airdrop date yet. But it is widely expected that $ZRO will be launched soon. We know for sure that the $ZRO crypto token exists because you can see it in LayerZero&#8217;s info code.How you can get a $ZRO crypto token from LayerZero? If you want to have a chance to win a retrodrop from LayerZero, just complete some tasks on AlphaQuest.

<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/DeFi-and-non-fungible-tokens-—-1024x576.jpg" alt="" class="wp-image-1166" srcset="https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/DeFi-and-non-fungible-tokens-—-1024x576.jpg 1024w, https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/DeFi-and-non-fungible-tokens-—-300x169.jpg 300w, https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/DeFi-and-non-fungible-tokens-—-768x432.jpg 768w, https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/DeFi-and-non-fungible-tokens-—.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



The blockchain consists of many of the same tokens that can replace each other. Therefore, even if the components of the blockchain are replaced, the system can continue to function as before without any changes. But there is another type of token called NFTs, which was created in 2017 based on Ethereum smart contracts.



At the same time, DeFi refers to a financial system that operates on a decentralized, permissionless blockchain, such as Ethereum, and is built using smart contracts. So, NFTs and DeFi are the two most commonly used terms in conversations about cryptocurrency and blockchain technologies. The world continues to explore the possibilities of these two fascinating fields of innovation, but how do NFTs and DeFi intersect? This is a very interesting topic and we will discuss it in detail today.



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="960" height="540" src="https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/image-21.png" alt="" class="wp-image-1165" srcset="https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/image-21.png 960w, https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/image-21-300x169.png 300w, https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/image-21-768x432.png 768w" sizes="(max-width: 960px) 100vw, 960px" /></figure>



<h2>What are NFTs used for?</h2>



NFTs or non-fungible tokens are also one of the components of the Ethereum blockchain. It is impossible to split or replace NFTs because they are unique and differ from other blocks in the Ethereum network. This allows a person or company to secure their rights to a unique object that has been used successfully by artists and art venues. So let&#8217;s look at the main ways non-fungible tokens are used:



<ul>
<li>Non-fungible tokens on the Ethereum blockchain are used to represent unique digital assets such as art, music, video, and other forms of creative work.</li>



<li>These tokens are often bought/sold as collectibles, and their value can vary based on factors such as rarity, popularity, and historical significance.</li>



<li>By allowing artists to retain control and receive ongoing royalties for their work even after it is sold, these tokens have the potential to transform property rights and royalty systems in the creative industries.</li>
</ul>



Converting files into non-fungible tokens is a secure way to use blockchains to streamline the processes of buying, selling, and trading while drastically minimizing the occurrence of fraud. But when looking at NFTs from a financial perspective, they can be viewed as a store of value, similar to more conventional assets such as gold or coins. In this sense, each token represents a unique value that may be subject to market variability.&nbsp;



So, the similarities between NFTs and conventional financial systems are greater than many people realize. Rather than viewing DeFi and non-fungible tokens as potentially opposing concepts, it is important to recognize that they can have a close connection. NFTs are already being integrated into financial processes, demonstrating the potential of combining with DeFi. To understand how this merger can benefit individuals in both the real world and the metaverse, it is important to have a clear understanding of the definition and purpose of the DeFi ecosystem.



<h2>What can you do with DeFi?</h2>



Today DeFi enables a range of financial activities similar to those offered by banks, such as earning interest, borrowing and lending, insurance, trading, flash loans, and others. Moreover, decentralized finance works faster, more efficiently, and with greater security through the use of blockchain technology (most often Ethereum).&nbsp;



Users interact directly with each other without third-party providers. In addition, blockchains allow for the elimination of time constraints — the system can be used by any person 24/7, all year round. Let&#8217;s take a closer look at the definition of decentralized finance:



<ul>
<li>DeFi operates as a financial system, with the involvement of various blockchains, including Ethereum, to enable its ecosystem.</li>



<li>DeFi provides decentralized financial management solutions by incorporating tools like smart contracts.</li>



<li>The system of decentralized finance is completely transparent and open, unlike the alternative centralized services.&nbsp;</li>
</ul>



So, the definitions of non-fungible tokens and DeFi clearly show the possibilities of discovering the link between the two. But where do you start to see the connection between DeFi and NFTs? Looking at their definitions, you can see that NFT tokens offer a unique way to store value and DeFi space provides a decentralized infrastructure to unlock value.



<h3>What are smart contracts in blockchain?</h3>



As you may know, smart contracts are self-executing programs that run on a blockchain (Ethereum or another). They enable the automation of contract execution, validation, and enforcement without the need for a third party. In the context of our topic today, it is very important to reveal another thing. So, smart contracts play a critical role in both DeFi projects and NFT tokens:



<ul>
<li>In DeFi, smart contracts are used to automate lending, borrowing, trading, and staking, ensuring that all operations are performed correctly and transparently without the need for a broker.</li>



<li>In the case of NFTs, smart contracts are used to define the unique characteristics of the asset, such as proprietary rights, transferability, and authenticity. Smart contracts allow token creators to program certain conditions, ensuring that the artist receives a share of the profits when the token is sold/traded.</li>
</ul>



In addition, DeFi protocols are sets of self-executing programs that are encoded into smart contracts on a blockchain like Ethereum or another. DeFi protocols use blockchain technology to provide a more secure and transparent way to conduct various operations. Now you understand why we touched on this topic.



<h2>How does NFT token help in DeFi?</h2>



Now NFTs can play an important role in the DeFi space by providing unique assets that can be used as collateral for loans, traded on marketplaces, and used in other financial apps. For example, NFT marketplaces can integrate with DeFi protocols to offer new financial applications and investment opportunities. Let&#8217;s explore the different use cases of non-fungible tokens in DeFi:



<ul>
<li>Collateral for loans in DeFi. For example, a person can deposit tokens as collateral and borrow a certain amount of crypto, which they can then use for other purposes.</li>



<li>Users can provide liquidity to DeFi protocols by staking their NFT, which earns them a share of the transaction costs generated by the DeFi protocols.</li>



<li>NFT can also be used to create unique products in DeFi, such as prediction markets.</li>



<li>By holding an NFT, users can participate in decision-making processes related to the operation of the DeFi platform, such as voting on proposals or allocating resources.</li>



<li>NFT can be traded on marketplaces, allowing people to gain exposure to unique assets and providing new investment opportunities in the crypto field.</li>
</ul>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="960" height="540" src="https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/image-20.png" alt="" class="wp-image-1164" srcset="https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/image-20.png 960w, https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/image-20-300x169.png 300w, https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/image-20-768x432.png 768w" sizes="(max-width: 960px) 100vw, 960px" /></figure>



So, NFTs have emerged as a promising use case in the DeFi space, particularly on the Ethereum blockchain (with the introduction of ERC-20 tokens representing digital assets). NFTs can serve as proof of proprietorship for art and other unique assets, making Ethereum an ideal platform for creators to share and engage with collectors.&nbsp;With the ability to prove proprietorship, NFTs offer significant value propositions on the DeFi platforms. Most importantly, DeFi helps in revealing the value of a particular asset. The next few years will show how productive the process of merging NFT and DeFi technologies will be, and whether it will be able to attract new users to the ecosystem without any major problems for it.

<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/Cryptocurrency-market-cap-1024x576.jpg" alt="" class="wp-image-1162" srcset="https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/Cryptocurrency-market-cap-1024x576.jpg 1024w, https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/Cryptocurrency-market-cap-300x169.jpg 300w, https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/Cryptocurrency-market-cap-768x432.jpg 768w, https://api-blog.alphaguilty.io/wp-content/uploads/2023/03/Cryptocurrency-market-cap.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Today the rise in the value of digital assets leads to an increasing inflow of new funds into the crypto ecosystem. Investors typically rate cryptocurrencies based on several factors and try to predict their long-term value. So, the market cap is often used as an argument when deciding whether to buy a particular coin or token.



Right now, we are going to tell you how to calculate the market cap of cryptocurrencies so that you can make the right investment decisions. It&#8217;s not as complicated as it may seem at first glance. To get newbies up to speed, let&#8217;s start with the basics and definition of crypto market capitalization.



<figure class="wp-block-image"><img alt=""/></figure>



<h2>What is the market cap of cryptocurrency?</h2>



So, crypto market capitalization is a measure used to define the overall value and scope of the digital assets market. Bitcoin has long been at the top of the list for this metric. Market cap is determined by multiplying the current price of each coin or token by the total amount of digital assets in circulation.



Note that market capitalization does not always indicate the greater popularity of a cryptocurrency. Let&#8217;s take Bitcoin and Ethereum as an example:



<ul>
<li>BTC now has a much higher cost. As a result, it is far ahead of ETH in terms of market capitalization.</li>



<li>The total amount of ETH in circulation is much higher. About 121 million tokens are now in use, compared to 19.39 million BTC (as of January 2023).</li>



<li>However, because ETH is worth less, the market capitalization of this asset is more than half that of BTC.</li>
</ul>



When analyzing cryptocurrency, you need to consider the diluted market cap. By figuring it out, you can see how undervalued/overvalued a particular asset is. This metric is produced when you multiply the number of all coins that could exist by the price of each coin.



<h3>Calculating the market capitalization</h3>



As we said above, to determine the market capitalization, you need to multiply the current price of the cryptocurrency by its circulating supply. Let&#8217;s break this down a bit more so that you can easily make calculations in the crypto market:



<ul>
<li>Crypto market cap = current price x circulating supply. Let&#8217;s consider the first figure is $200 and the supply is 20,000 tokens.&nbsp;</li>



<li>Crypto market cap = $200 x 20,000 = $2,000,000. This means that the total cost of all tokens is $2,000,000 at the current price.&nbsp;</li>
</ul>



This is an important metric in a crypto market used by investors and analysts to check the size and potential of cryptocurrency. If you don&#8217;t want to do the math yourself, there are options such as Trading View or CoinMarketCap.



<h2>Are there any problems with a crypto market cap?</h2>



The formula for determining market cap seems simple, but there are several important things to consider. The main difficulty is that all metrics on the cryptocurrency market are not static. Every second the cost increases and decreases, and the assets are either issued or burned (if the protocol provides for it).



In addition, many coins are lost. Someone forgot a password, someone&#8217;s hard drive burned out, and in some cases, the assets were stolen. So, the figures quoted today are only close to reality. Everyone knows how many assets have been created, but whether they exist at the moment is a mystery.



<h3>Why should you care about the market cap?</h3>



First of all, it is an evaluation of the attractiveness of an asset on the crypto market. By studying this metric, you can see in which direction capital is moving, and this info is helpful when deciding to buy or sell crypto. Cap is also used to compare various assets and even economic sectors.



<figure class="wp-block-image"><img alt=""/></figure>



This is an important economic indicator that helps to assess the open interest of investors. However, as practice shows, this fact doesn&#8217;t guarantee further growth of the asset. Make a balanced decision and don&#8217;t forget the risks.



<h2>To Sum It Up</h2>



The cryptocurrency market is very unstable and each exchange shows its pricing policy. This is why the figures of the market cap will not be the same at various times of the day. However, despite the impossibility of getting perfectly accurate figures, the crypto market continues to flourish and develop, attracting more and more investors.

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