Seedphrase Daily ? Here to give you the rundown on this chaotic world we call Web3. Here’s everything hot that’s happening:
Today’s Agenda ?:
- ? Did you make $1K on this token we called?
- ? Free airdrop for anyone who’s traded an NFT in 6 months!
- ? Here’s a tool to make crypto easier.
- ? Meme of the Day
? Aptos ($APT), the most hyped token right now
Aptos is supposed to be the next big thing.
It’s created by Meta’s former developers who also built the now defunct Diem project. Aptos has major hype around the drop of their ICO and a valuation of $4B before even launching.
DID YOU CLAIM YOUR $1K?: A few weeks ago, we told you to put Aptos on your radar on the newsletter. Then, on our podcast, we told you to go mint a free NFT for a free $APT airdrop. If you followed along, you should’ve gotten an airdrop of around 150 $APT, now worth approximately $1,100!
Keep up or get left behind. It literally pays.
$APT is Now Listed on Coinbase, Binance, FTX. Here’s what happened:
- Prices went up, people started to fomo in, and became the markets exit liquidity. As a result of the sell off, the price went down a bit.
- Reaching ATH of $22.65 and now floating around that $7~ range (as of writing this)
Does that mean it’s a scam? ?
The biggest question on everyone’s mind is, “Will the VCs and founders dump on me?”
They’ve published their tokenomics:
- No $APT will be available for the first 12 months, so investors don’t get ANY tokens for the first year.
- After that, the tokens get unlocked slowly until four years after listing.
But this doesn’t guarantee Aptos will perform well…
Here’s some good news coming up for $APT. ?
- They will begin trading on Binance (Aptos investors), FTX and Coinbase, three of the biggest exchanges it’s not yet listed on.
- Also upcoming listings on MEXC, Bybit, Huobi, Bitfinex, and OKX
- Perpetual contracts will release for $APT, implying traders can short and long the token. Meaning you can make bank if you have conviction on price movement.
Look at their website for more info!
? Golden Nugget: Smart money thinks $APT will plummet. We found that futures and options traders are mainly opening short positions.
Make sure you assess your risk and don’t trade with money you’re scared to lose.
? Free airdrop for anyone who’s been trading NFTs for 6 months!
Blur brings the best of both worlds: a real-time marketplace like OpenSea which also allows for super fast batch-buying.
Backed by VC firm Paradigm, Punk6529, Zeneca, CozomoMedici and more, it’s a new player in the space with a somewhat solid foundation.
How to get the free airdrop:
- Go to blur.io.
- Connect your wallet
- Click “Airdrop” in the top left corner.
- It will scan your history to check if you’re eligible.
- All you have to do now is list one of your NFTs on their marketplace. You don’t have to sell it- list it for however much you want.
- You’ll get an airdrop care package. Uou can unlock them like FIFA packs revealing which rarity you got. There is uncommon, rare and legendary.
It should look something like this.
The care packages can then be opened for $BLUR in January 2023, when the token launches and could yield you free money.
USA’s Biggest gang makes its way to crypto. ?
The IRS released a draft of the newest rules for paying your taxes. We read all 112 pages, here’s the summary:
? What you need to know.
Anything considered cryptographic that can be secured & distributed on a ledger is ALL classified as a digital currency. In English: crypto and NFTs will be taxed the same way.
? What you have to document on a 1040 form:
- Profits from NFTs
- Payments received through digital assets
- Income from staking/mining
- Rewards and Airdrops
- Any profits from trading
- Transfers of one digital asset for another.
We don’t like it either. But we’re not built for jail, and neither are you.
So for ALL traders and people making profits through crypto and NFTs, make sure you are careful with your taxes, or you’ll end up like Martha Stewart.
The bright side. ?
Crypto is being taken more seriously by lawmakers. Hell, seeing 13-year-olds make millions of dollars off JPEGs would alarm anyone.
Safe to say the government is just a little closer to regulating it for mass adoption. So don’t forget you’re not under the radar anymore.
If you don’t know how to file taxes for crypto, CoinLedger does it for you ?
It makes your life easier than Uber Eats.
- turbo tax partner
- NO credit card required
- calculates your web3 taxes for you
So if you don’t want to risk jail, this is a no-brainer.
Sign up with our link here to help support Seedphrase.
Or use code <CRYPTOTAX10> for 10% off 🙂
? Meme of the Day
GM you beautiful apes, enjoy the rest of your day. ?
— BCheque (@BCheque1)
Oct 19, 2022
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research