Blog

  • How to Buy and Stake Terra LUNA in South Africa

    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.

    1. 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
    2. I prefer using Binance as an international exchange as it has hundreds of coins & tokens to purchase or trade (eg Wave and XRP)
    3. 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
    4. 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.
    5. 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
    6. 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.
    7. 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
    8. 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
    9. 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.
    10. 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.
    11. 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

    12. 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

  • How to withdraw ZAR from Binance in South Africa

    Following the recent announcement from the South African Binance team, the ability to withdraw from your ZAR wallet was finally enabled today at 6am.

    Binance offers a number of ZAR pairs, including BTC/ZAR, BNB/ZAR, ETH/ZAR and USDT/ZAR among others.
    We decided to give the withdrawal process ago this morning to see the process of withdrawing funds to a South African bank account.

    The most important thing to check before staring to withdraw from your account is to ensure you are fully verified. This means you have to ensure you have verified your basic ID & Address info on your Binance profile before attempting your withdrawal.
    You can access this information in your Binance Profile by going to Basic Info (Identification)

    Once you are verified, you need to make sure you have ZAR in your wallet to withdraw of course. You can trade any of the pairs above to ZAR. We decided to trade some of our BNB to ZAR for this experiment

    Now that we have ZAR in our wallet, it’s time to start the withdrawal process by clicking on the “Withdraw” option in your Wallet.

    This should take you to the Fiat withdrawal screen. You’ll notice you can only withdraw to ZAR here as your account is registered & verified in South Africa

    On the next screen you will be able to select your Withdrawal amount. You will notice the fee says 0.00 ZAR and you only have the option of Bank Transfer for your payment method

    On the next screen you will be able to put in your bank details with account number, name & branch code. They don’t ask for the Bank Name though. You also have the ability to save the bank details for your next withdrawal.

    There is also a notification confirming the R7.50 fee for each withdrawal.

    Once you click the Submit button, you are required to put in your 2FA code. If you don’t have 2FA enabled on your account, then I suggest you stop reading this now, and go add it to your Binance account!

    After your 2FA code is accepted you are sent a confirmation email which you have to approve before the deposit will affect. The link in the mail is only valid for 30 minutes, so make sure you don’t leave it too long.

    Payment is done from a Standard Bank account, so if you are with another bank, it could take a day or two to show in your bank account.

    Once you are done clicking on the link it logs back into your account and gives you a success screen.

     

    I did notice however that the amount I requested to withdraw and the amount in the confirmation email were the same, and doesn’t reflect the R7.50 charge. Once the money lands in our account we will be able to see if they deducted that charge. We bank with FNB, so we’ll have to wait until tomorrow (Fri 10 April).

    The whole process was pretty smooth and seamless, and once the account is verified it should be a breeze to do a quick withdrawal from your Binance account.

     

    [Cross posted on https://sacrypto.co.za/zar-withdrawals-go-live-on-binance-sa-demo/]

  • Get 20% Discount on MySwimPro Elite Subscription

    Get 20% Discount on MySwimPro Elite Subscription

    20% Discount code MARC20 

    I have been using the MySwimPro app for just over a year now. It is one of the best apps out there if you keen on learning to swim, a dedicated swimmer or just want to learn more about swimming. If you have read my story about swimming the (in 2 weeks time!!)

    The MySwimPro app offers a Free and Elite version of the product. The Free version allows you to do a couple of things including:

    • Write and log an unlimited number of workouts.
    • Load an unlimited number of Custom workouts to a compatible smartwatch.
    • Quick Log.
    • An entire Training Plan
    • Custom workout builder and save up to three workouts to your personal library.
    • Profile to show distance swum.
    • Earn achievements based on distance and number of workouts logged.
    • Global community of fellow swimmers.

    There are 3 components to the Elite version. You can select all 3 and pay a once off annual fee of $119 (which is actually a 55% saving) or you can select a specific component of the Elite version. The 3 components are

    Training

    • Unlimited Workouts
    • Training Plans
    • Fresh Workout of the Day
    • Personalized Dynamic Interval

    Technique

    • Instructional HD Videos
    • Technique Drills for Every Stroke
    • Body Position and Breathing Reference Guide
    • Flipturn Course

    Analytics

    • Heart Rate Analysis
    • Strokes Per Lap
    • Splits
    • SWOLF
    • Profile Analytics

    If you looking to get started I would suggest going for the Training component, which is $4.99 a month, which you can then bill annually and works out to $59.99 a year.

    I recently got the opportunity to join the MySwimPro Ambassador programme, which allows me to share this app even more. One of the benefits of being an Ambassador is I can offer a 20% discount on the Elite Subscription

    So to take advantage of the 20% discount, you go to https://myswimpro.com/elite/packs/ and select the package you want to use. If you haven’t signed up already you sign up and then use the Promo Code MARC20  on checkout to claim your 20% discount. Simple as that :)

    If you do use MySwimPro or plan on using it pop a comment below and let me know how it’s all going!

  • How to take Burst Photos on iPhone 11 & iPhone 11 Pro / Pro Max and iOS 13

    Since the release of iOS 13 and the new iPhone 11 & 11 Pro range, I have had quite a few people ask me about how to take a Burst photo on the phones.

    Burst photos are are a series of photos taken right sequentially after each other, which then allow you to select the best one. This is most handy when you taking photos of high action or fast moving objects.

    As an example below I took this photo in a series of burst photos when trying to capture the lightning in a storm. I took over 150 images in the burst, but just this 1 that captured the lightning strike.

    Previously, in the previous generation of iPhone models (iPhone 10 and below)  you simply used to hold down the shutter button in the Camera App. That has all changed now, and you have to now Swipe Left (towards your camera roll) to activate Burst Mode. As long as you keep holding the button in to the left it will keep taking photos. If you hold the shutter button in (like you used to) the camera will start recording video

  • 8 Miles

    8 Miles is exactly 12.8748km’s. Or 12874.80 meters. Or if we’re going to get technical here, it’s just shy of 515 lengths of a 25 meter pool. 515 lengths of a pool ?

    And so, on the 8th & 9th of February 2020, I’ll be swimming ALL 8 races at the largest open water event in the world, The Midmar Mile. I’ve joined the team from Friends of the Swimmers Trust & The Chad Le Clos Foundation, which promotes and provides Learn-to-Swim opportunities to communities on the North Coast of KZN, to help raise funds for this amazing cause.

    Being a swim family that attends numerous gala’s and open-water swims, we believe that every child is a swimmer, and drowning CAN be prevented with teaching EVERYONE to swim.

    Before I tell my story of how I got here, I wanted to pop the link for Fundraising in here -> 

    I’ll get to the nitty gritty of the Fundraising in a bit. (Read the story below first though!)

    You may be asking yourself, “how did you get here?”

    It’s quite a story, but I’m going to cut back to Feb 2018. It was, ironically, 3 days before the 2018 edition of the Midmar Mile. Our 3 (awesome, amazing, talented) kids were entered into their first Midmar Mile event. I had been attending a strength training gym for the last couple of months, and was at an early morning session with my daughter. My set for the day included a dead-lift, which I had done plenty times before. It was my last set, and I pulled up and felt the most crazy, ridiculous pain in my lower back.

    I immediately knew something wasn’t right and went straight home. Over the next couple of days I treated the pain with a couple of painkillers and anti-inflammatories. The Saturday morning before the Midmar event, we were staying on a farm in the Midlands, and when I woke up, I could hardly move. . The injury had progressed to a point where my wife had to take me down to the local hospital in an attempt to see how we could alleviate the pain.

    The Sunday was the main event and we went down to the dam. It was an awesome day out with the family and once again, our kids made us super proud!

    Allow me to be open with you about my life at the time: It wasn’t great. Far from it. I was overweight. Not just a little, but a lot. The “Strength Training” hadn’t helped, but I also ate terribly. It is hard for me to try and actually establish what my weight was at that time in my life, because, well, every scale we had used just showed “OL”. Which I guess stands for “Overload”.

    No scale could go past 150 kgs. This meant I was well over the 150 kg mark. And more likely closer to 160 kgs. Obesity was completely real. And it sucked. Obesity drags you into a dark place, without you even knowing. You are always tired, sick, grumpy and just fed up with everything.

    Fast forward a couple of months to June, and I was fortunate to get an amazing 3 week trip around Southern Africa, which wasn’t easy given the extreme back & leg pain I was in.

    On my way home I called my wife and asked her to make an appointment with the doctor I had seen before I left, to see if we can fix this. When he saw me, he suggested we do a laminectomy to remove a disc that had slipped in my lower back. It meant I had a 6 week recovery period, but I knew it had to be done.

    6 weeks on your back isn’t as fun as it sounds. But, it gave me lots (and lots) of time to think. I knew I had to make a change to my lifestyle & body, to make sure that, one day, I would be able to see these kids WIN the Midmar Mile.

    On the 2nd of September 2018 I celebrated my 40th surrounded by an amazing group of friends & family. 4 days later I went to the doctor for my final check up. They gave me the all clear and when I asked if I could start exercising. They agreed, as long as I went easy.

    So, the next day, on the 7th of September, I climbed into the pool at the local gym, and started swimmingAnd I swamAnd I swam.

    And then every day I went back and swam more, until I was swimming 1.6km non stop after 2 weeks. IT WAS AMAZING.

    Because swimming is a low-impact exercise, it gives a cardio workout while simultaneously building muscle, and as I soon started to find out, it also helps shed weight. I started losing weight and I could start feeling a difference in my body. I also started doing Parkruns on Saturday mornings, and even got a Mountain Bike. I basically became a pro athlete, right?

    Fast forward to October 2019.
    I feel like a brand new person. More than 30kgs down.
    Like a different person.
    Like I want to make a difference.
    Like being able to do things I never thought were possible.
    Like being able to believe in yourself.
    Like swimming 8 miles, or 515 lengths of a pool, over 2 days

    But I am humbly proud of where I am today and how far I have come. I’ve done one Capital K Swim, one Midmar swim, two 10km runs, one triathlon which became a duathlon, four Dolphin Mile swims, one Hot Amashova, one Sun City 1.5km Swim and thirty one (thirty one!) Parkruns and over 256km of Pool Swims!!!

    I’m about to embark on eight Midmar Miles in two days. From over 150 kgs, to eight Midmar Miles in a single year. I want you to know, that no matter how dark things may seem, they can get better. You do have what it takes. Trust me. You don’t need to believe in yourself, you just need to believe my story.

    In conclusion, I have a goal of R12,000 to raise over the next couple of months towards the Friends of the Swimmers Trust & The Chad Le Clos Foundation. As I mentioned earlier, the focus of these 2 foundations is to ensure that every child in South Africa is able to swim. South Africa’s drowning mortality rate is estimated to be around 1500 drownings PER YEAR. Across all age groups. And we can help prevent that.

    If you can, I would appreciate any sort of contribution to help towards this fantastic cause.

    My personal Online Fundraising page is located at 

    I’ll be posting some of my training in the buildup as well as event reports once we done with Midmar 8 Mile in 2020!