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Category: Bitcoin

How to Buy and Stake Terra LUNA in South Africa
I’ve always been a fan of exciting blockchain projects so when I stumbled across a new network called Terra, and the token it offers called Luna, I had to do more digging after having a brief read about it.
Below is some more info about the project from CoinMarketCap
What Is Terra (LUNA)

Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.

Development on Terra began in January 2018, and its mainnet officially launched in April 2019. As of September 2020, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund's Special Drawing Rights basket of currencies — and it intends to roll out additional options.

Terra's native token, LUNA, is used to stabilize the price of the protocol's stablecoins. LUNA holders are also able to submit and vote on governance proposals.

So I started looking into how I could get my hands on some Luna tokens in South Africa. None of the popular exchanges like VALR & LUNO list Luna on their exchanges, so you would need to buy on an international exchange like Binance.

First you need to deposit ZAR into VALR or LUNO to enable you to buy Bitcoin. Once you have bought your Bitcoin you will need to transfer it to an exchange that supports Luna
I prefer using Binance as an international exchange as it has hundreds of coins & tokens to purchase or trade (eg Wave and XRP)
Once you have setup your Binance account you can go to the LUNA/BTC Trading page. They also offer a LUNA/BNB, LUNA/USDT, LUNA//BUSD & LUNA/EUR pairs
Once you have your LUNA safely tucked away on Binance, you can opt to leave it there and just keep accumulating, or there is another option called staking.
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
To stake your LUNA, you will need to move it out of Binance onto the Terra Network Blockchain. This may sound a bit daunting, but I promise it’s pretty easy
First off, you will need to create a Terra Wallet. This is done using the Terra Station software. You do not need to sign up or give any details as this is a completely decentralized exchange. Make sure you save your keywords when signing up to the new wallet. You will need these in the future should you wish to restore your Wallet
You can download the Chrome Extension (which I find the easiest to use or download the actual software)
You can go to https://station.terra.money/ website, where you can connect a Terra Wallet. To do this click on Connect in the top left hand side of the page.
Once you have created your wallet, you will see it in the top left of your page (instead of the Connect Button)
The address format is always in the format of “terraxxxxx”
You will need to copy this address and keep it handy while you log into Binance
You will need to go to the Withdraw section of your LUNA wallet in Binance. You can do this by clicking Wallet->Spot and then search for your LUNA coins
In the address section paste your address you copied in Step 7
You need to leave the Memo Section empty. You may get an error after clicking submit, but you can ignore that. I have seen a few people say the transfer did not come through when they put a Memo in.
After a few minutes you should get a notification in your Terra Station console that the coins are there and are available. From here there are a couple of things you can do. I mentioned earlier about Staking. There are a number of Validators you can stake your LUNA with.
Click on the Staking Menu item on the left, and then select your preffered Validator. There are hundreds and each one gives a brief explanation of why you should choose them

Once you have staked your LUNA, you will start receveing rewards. Based on the number of LUNA you have staked and the time you have left them with the Validator, your rewards can be pretty good!

While LUNA is still a fairly new project there is loads of potential for this platform. There is a lot of additional project such as Mirror & Anchor which all offer various benefits
April 15, 2021
How to invest in the Firelotto ICO Blockchain Crypto Lottery (FLOT Token)

I came across a new ICO doing the round this morning, called , which is “Blockchain Crypto Lottery” a looks really exciting. For those of you that don’t know what an ICO is, it stands for Initial Coin Offering, and allows you to buy a part of a project/company with Cryptocurrency (Usually ETH or BTC)
You are usually issued with a token of sorts, which you can then keep or sell at a later stage. Most of the time these tokens get listed on an exchange like or , and as demand increase so does your initial investment

So I have “invested” in 2 ICO’s so far. The first one was for a company called , which is an influencer platform, with over 350,000 influencers and they launched an ICO to help pay their influencer quicker. I will be doing a separate blog post on that in the near future.

Then today I came across another ICO that looks pretty exciting. It’s called , and is basically an Ethereum based blockchain lotto. The system allows you to buy lotto tickets using your ETH, and then payouts are made almost instantly. The lotto market is HUGE and even bigger online.

The ICO allows you to buy a Token called a FLOT. This allows you to be part of the platform, but more importantly it allows you to a share of the revenue to collected. So 10% of all ETH received for the Lotto sales is distributed among the token holders. This means you will continually receive a payback from the lotto sales. Another great feature they have recently implemented is 15% referral fee for all new token holder sign ups. Also a nice simple way to make some extra $. You can read the full Whitepaper (a document explaining what the whole project is about) here -> https://firelotto.io/whitepaper_en.pdf

The biggest thing for me though was that they actually have a working product that is launched and is generating revenue. Generally ICO’s are sold before products are launched and you are basically putting your money into something that isn’t there. So that is a big plus! The results of the Lotto’s are also transparent and stored on the blockchain. The code is also publicly available making it very transparent.

will offer three lottery draws: 4/20 (4 picks from 20 possible numbers), 5/36 and 6/45. For the largest 6/45 lottery, the jackpot has a fixed minimum amount of 3,000 ETH (currently worth over $2 million). As with typical lotteries, if the main prize is not won, it will roll over to the next draw, increasing in size each roll over until being won

This video gives you a bit more info about what is about

Investing in the ICO is pretty simple. You sign up on the investors page, and you will be presented with a buy page. The minimum buy in for the Pre-ICO stage is 500 FLOT and depending on the cost of the FLOT, you can either pay with Ethereum or Bitcoin. Once the transaction has been processed on the Blockchain, the FLOT will appear on your Dashboard. You will also be able to send your FLOT to a ERC-20 compatible wallet once the ICO is completed. That way it will be stored in your Ethereum wallet.

I really think this ICO is gonna be a goodie. The fact that you get rewarded back for the purchases, could have a very profound long term reward. They also have a Telegram group, Twitter & Facebook profile, where you can ask all the questions about the token.

If you keen on looking at check out the site here -> (this is my affiliate link, or the direct URL is https://firelotto.io/

Disclaimer: The info provide above is not intended to be financial advice and is something I am sharing. It is completely up to you to do your own research if you wish to find out more about something. Some of the links in the post are affiliate links, which help pay back some of the costs for the site. If you have any specific questions, you can get in touch with me on my Contact Page

January 13, 2018
Binance App not working on iOS

You may have noticed over the last couple of days that the app on iOS isn’t working and you get the below error

“Unable to Verify App. An internet connection is required to verify trust of the developer “iPhone Distribution: Shenzhen Posun Industry Co., Ltd.: This app will not be available till verified”

This is due to the app being a self provisioned app and needs to be verfied by Apple.

But, the issue can easily be resolved by downloading the app from the iOS Store, as it has been re-published there. You can download it from

Edit: Had quite a few people asking me if the iOS app app was legit. They did confirm it on a reddit post with an update to say it is available on the app store.

January 12, 2018
How to buy DragonChain Token (DRGN)

I’ve been doing quite a bit of reading up on the token, which was recentley released to a couple of exchanges, after a very successful ICO. After previously writing about how to buy Ripple and how to buy Waves, I thought I would put a quick post together on how to purchase Dragonchain tokens

is a public/private hybrid blockchain platform developed originally at Disney in Seattle. With backing from Disney, it has gone on to become it’s own product, offering blockchain services to corporates, similar to what Ethereum is offering.

At the moment, there are only a couple of exchanges offering DragonChain purchases, but the one that seems the most reliable, and trustworthy is called . is an exchange based in Hong Kong (similar to ) and offer a whole bunch of coins, including it’s own coin .

To register on Kucoin you can sign up on the site . You don’t need to do a KYC verification for smaller transactions, so signup is really quick & easy.
Once signed up, you will need to send either Bitcoin or Ethereum to Kucoin, to allow you to purchase the Dragoncoin Token. I use (in South Africa) and sent Ethereum as it is much faster & much cheaper to send than Bitcoin.

Once you have depsoited into Kucoin, you need to go to the or trading pairs to place your order. Kucoin interface is actually really simple, and makes buying a breeze. Simply enter the amount of DRGN you would like to purchase, based on the current/best price, then click Buy

I forsee pretty big things with Dragonchain, as it has massive potential. The growth in the last couple of weeks has been fantastic, and I only think it is going to get bigger. So HODL!!

Disclaimer: Some of the links in this post are affiliate links, to help pay for maintaining this site. Also, please note the above is not financial advice. Make sure you do your own research if you are unsure!

January 2, 2018
How to buy Ripple Coin (XRP) in South Africa

There has been a lot of talk recently around coin which has seen massive growth over the last couple of weeks. At the time of posting it is sitting around $2.57. It has been sitting around $0.20 for the last couple of months!

So what is Ripple? Best summed up answer I have found is from Wikipedia:

Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native cryptocurrency called XRP (ripples). Released in 2012, Ripple purports to enable “secure, instantly and nearly free global financial transactions of any size with no chargebacks.” It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. At its core, Ripple is based around a shared, public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.

Essentially could become the way of the future for Banks to exchange and settle funds instantly. There are already banks talking to Ripple Network around the world, so I don’t think it will be long!

Yesterday I had a friend ask me how could he get on the Ripple train and .

There are a couple of options including from local exchanges (but this does come at a premium) or you can buy through a platform like Changelly

BUT, my preferred method is to buy through the . (I am really loving Binance at the moment if you haven’t noticed)
The exchange volume is increasing, and there are loads of people buying and selling, and the pricing is in line with all the other exchanges.

To get started you need to buy Bitcoin or Ethereum on Luno and then transfer it to your Wallet. I prefer sending Ethereum as it is a lot cheaper and much faster to send.

Once you have your BTC or ETH in your Binance Wallet you can then use the XRP/BTC or XRP/ETH exchange to get your Ripple.

If you do buy Ripple, I would suggest just Hodling it and keeping it for a cash out in the future, I suspect it’s going to go big (NB. This is not financial advice)

Disclaimer: Some of the links in the post are affiliate links to assist with paying for this site.

December 30, 2017