Crypto Golden Rules. Why Aspis is needed?

Hello, dedicated followers and crypto enthusiasts!

Today, we're delving into the inner workings of the Aspis Protocol. Our goal is to demystify the complex crypto landscape and equip you with a clear understanding of our revolutionary technology. We want you to grasp the significant value it brings to the world of finance. In a world rife with jargon, our simplified explanations and relatable analogies are here to provide the clarity you might be missing. This understanding is paramount because it can influence your financial decisions, whether you're considering centralized exchanges or exploring staking programs with fixed APY, all without truly comprehending the financial mechanisms at play.

Let's start by building a solid foundation in finance, comparing key principles to finance superheroes. These principles are designed to safeguard your wealth, much like superheroes protect the world. By doing this, we hope to illustrate not only the core elements of these principles but also highlight the invaluable benefits that Aspis Protocol offers to the global financial landscape.

Rule #1: "Not your keys, not your coins"

Our first principle brings us to the enigmatic Sam Bankman-Fried, known as SBF, who is something of a legend in the crypto world. SBF's captivating style and impact on the industry make him a household name.

Despite coming from an illustrious academic pedigree, as a son of a Stanford Law professor, and having an Ivy League education, it's a stern reminder that entrusting your funds always involves counterparty risks. The circumstances surrounding the FTX crash have left many questioning the legitimacy of crypto. However, FTX is not run on blockchain but just collects user's deposits to "draw" balances on their servers with no access to the backend for the general public. It's not open source, lacks transparency, and is not on blockchain at all. The issue was not with cryptocurrencies themselves but rather the platform and its management - a distinction that often goes unnoticed.

Therefore, our key takeaway here is clear: avoid storing your crypto on centralized platforms and withdraw your capital to a cold wallet for safety if necessary.

What a boy. Legend.
What a boy. Legend.

Rule #2: DYOR - Do Your Own Research

Our second financial superhero on the list is none other than Do Kwon and his Luna project. His approach was both genius and, some might say, a little unethical, as it preyed on people's greed. Picture this: a fixed APY of ~20% on risk-free deposits in stablecoins. It sounds too good to be true, doesn't it? Yet, many jumped at the opportunity without a second thought, eager to benefit from this seemingly incredible offer. However, some skeptics took a step back, put on their thinking caps, and crunched the numbers. Their calculations uncovered a significant discrepancy - Luna's earnings were not aligning with the payouts for depositors. This illustrates that deals that appear too good to be true often demand careful scrutiny.

"DYOR" or "Do Your Own Research" is a critical practice to protect your investments and yourself in virtually any life situation. Remember, it's not about trust but verification. Don't be afraid to ask questions and seek the truth even if you feel like you’re a fool.

Look at his smile! How not to trust him all your savings?
Look at his smile! How not to trust him all your savings?

Rule #3: If you don't know who the fool is, you're the fool

In the ever-evolving world of crypto, countless investment opportunities arise daily, with many designed to entice individuals seeking quick profits. Meme coins, for example, promise double-digit daily returns, creating a fear of missing out (FOMO) among investors. They convince you to buy yet another new coin to become an overnight millionaire.

While this may seem like a dream come true, allow me, as your crypto-savvy guide, to offer a dose of reality. Making millions in one trade means that someone else is losing millions. The volatile nature of the crypto space makes it enticing, but with great returns comes great volatility. Those double-digit returns today could quickly turn into substantial losses tomorrow. This unpredictability is both the charm and the challenge of the crypto world. Always keep in mind that behind every meme coin, there's a game designer with specific goals. When you see someone making double-digit returns, someone else is facing double-digit losses. There is no such thing as free money. So exercise caution when selecting the games you want to engage in.

PEPE. Looking at potential victim. Wanna play a game?
PEPE. Looking at potential victim. Wanna play a game?

Now, let's talk about Aspis.

What if I told you that there's a platform that aligns with the three rules we've discussed above? What if there was a platform that allowed you to invest securely in a decentralized manner, safeguarding investors and delivering real results? If you find this boring, you can continue playing with meme coins and risking your hard-earned money, keeping yourself enslaved in the current financial system.

We're introducing a platform where investors can trust professional asset managers with their funds, all while maintaining control and transparency without transferring their deposits to any centralized exchange. Everything is stored on-chain, including the trading history of the asset manager, eliminating the possibility of deception. Simultaneously, they can't run away with investors' funds to buy themselves a new sports car.

Think of this platform as a supermarket of investment opportunities, where prices are fair and products are genuine, never trying to appear better than they are.

As we prepare to launch Aspis v2, we're thrilled about the upcoming enhancements set to elevate your crypto experience. While we can't reveal all the details just yet (yes, we're a bit secretive), get ready to be pleasantly surprised by features that will take your crypto journey to the next level. Stay tuned, folks!

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