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Abstract

ck 0.1BCH.</i></p><p id="d4bb">After signing the message, the DAO page displays our NFT, and we immediately become <b>part of the beginning of Cashtokens on Bitcoin Cash</b>.</p><figure id="c229"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/0*RJXQOCwDgwsk0bAg"><figcaption></figcaption></figure><p id="68c7"><b>We now take part in the history of Bitcoin Cash as we mint the first-ever Cashtokens NFT!</b></p><h1 id="88f8">Investing Risk And Threats</h1><p id="de45">Soon various projects (NFTs, tokens, DEXs) will flock in Bitcoin Cash, but we should be cautious with their promises.</p><p id="3044">Trusting a dev (anon or not) <b>is not a requirement</b> when we have a ready product, but <b>what happens when an unknown dev suddenly appears with a low-cost product backing the money they request with promises of future developments?</b></p><p id="ed04">Any person that posts with a different anonymous nickname and asks for funding <b>promising that one day they will deliver a DAO, a prediction’s market, a DEX.</b></p><p id="1790">With a reputation at stake, investors will feel more confident to invest and support a project. <b>Without putting reputation on the line, doubts emerge as the true intention of developers is unclear.</b></p><p id="b8b4">The issue is new anons making promises of remarkable developments when they only submitted an unattractive NFT collection (which they call art), and <b>all the above while asking for 1400 BCH for the collection.</b></p><p id="be68">The <b>red flags</b> are obvious whenever we meet such projects. <b>Suspicions will clear only when they deliver what they promised</b>. Until then, it is a huge gamble for investors.</p><p id="2f7f">Even if this is a known person within a small circle of a community, <b>it only generates suspicions on the actual purpose</b> as to why they are afraid to put their reputation at stake.</p><p id="cfac">Investing risk contains several factors we should explore and strategies to exercise, as any investment can lead to a loss.</p><p id="3f79">Always DYOR and be reasonable. If something doesn’t look right, then the risk increases exponentially.</p><h1 id="6ac7">Cashtokens Web Wallet</h1><figure id="fba2"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/0*6ROmsCfYPKWVytr2"><figcaption></figcaption></figure><p id="38ea">Users should be aware when searching for a CashToken wallet as fake wallets/services have already appeared.</p><p id="6d78">Besides Paytaca which we explore here, a “legit”CashTokens (non-custodial) browser wallet is :</p><ul><li><a href="https://cashtokens-wallet.app/"><b><i>CashTokens Webwallet</i></b></a><b><i>, by Mathieu Geukens</i></b></li></ul><p id="ca12">We can easily create a new wallet and store our seed phrase.</p><p id="60cf"><a href="https://electroncash.org/">Electron Cash</a> also integrated Cashtokens with the latest version (4.3.0).</p><p id="3400">All Bitcoin Cash wallets support self-custody and promote economic freedom. More wallets will follow and support the exchange of tokens and NFTs on the Bitcoin Cash network.</p><h1 id="27b8">Closing Thoughts: Why CashTokens Matter</h1> <figure id="1756"> <div> <div> <img class="ratio" src="http://placehold.it/16x9"> <iframe class="" src="https://cdn.embedly.com/widgets/media.html?type=text%2Fhtml&key=a19fcc184b9711e1b4764040d3dc5c07&schema=twitter&url=https%3A//twitter.com/nikzh/status/1658437566859735042&image=https%3A//i.embed.ly/1/image%3Furl%3Dhttps%253A%252F%252Fabs.twimg.com%252Ferrors%252Flogo46x38.png%26key%3Da19fcc184b9711e1b4764040d3dc5c07" allowfullscreen="" frameborder="0" height="281" width="500"> </div> </div> </figure></iframe></div></div></figure><p id="0eda">The Emerald DAO by @bitcoincashautist inspires confidence in the new capabilities of the most robust decentralized blockchain, Bitcoin Cash.</p><p id="28df"><b>Imagine Ethereum but without the high fees and clogged network.</b></p><figure id="5235"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/0*LKk-uldWxzOoHL0R"><figcaption><i>(On <a href="https://defiprime.com/gas">DeFiPrime</a>)</i></figcaption></figure><p id="756d">This failure of Ethereum will never occur on Bitcoin Cash. Developers and users will always find reliable fees of less than $0,01 with instant transaction speed (no RBF, 0-conf).</p><p id="1c41"><b>Imagine Solana or Polygon, but decentralized, faster, and cheaper when transacting.</b></p> <figure id="22de"> <div> <div> <img class="ratio" src="http://placehold.it/16x9"> <iframe class="" src="https://cdn.embedly.com/widgets/media.html?type=text%2Fhtml&key=a19fcc184b9711e1b4764040d3dc5c07&schema=twitter&url=https%3A//twitter.com/Justin_Bons/status/1559218289208971267&image=https%3A//i.embed.ly/1/image%3Furl%3Dhttps%253A%252F%252Fabs.twimg.com%252Ferrors%252Flogo46x38.png%26key%3Da19fcc184b9711e1b4764040d3dc5c07" allowfullscreen="" frameborder="0" height="281" width="500"> </div> </div> </figure></iframe></div></div></figure><p id="c978">All Ethereum clones (Solana, Avalanche, Polygon, BSC) suffer from the vulnerability of centralization. A team controlling the network (a network that sometimes needs a reset) is not where the future lies.</p><p id="7cb2">

Options

Imagine Polygon and Solana, but with decentralized miners securing the network and validating transactions.</p><p id="6844"><b>Cashtokens unleash the untapped potential of Bitcoin Cash.</b></p><figure id="145d"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*y29iri4tVq379uifz5jd_A.png"><figcaption></figcaption></figure><ul><li><i>Cover picture on <a href="https://pixabay.com/illustrations/blueprint-engineering-technology-6944719/">Pixabay</a></i></li></ul><p id="9ae7"><b>Useful links:</b></p><ul><li><a href="https://t.me/PaytacaWalletApp/3366"><b><i>Paytaca Wallet (with fixed mint bug by mainnet_pat)</i></b></a></li><li><a href="https://emerald-dao.vercel.app/"><b><i>Emerald DAO</i></b></a></li><li><a href="https://cashtokens-wallet.app/"><b><i>CashTokens Web Wallet</i></b></a></li><li><a href="https://cashtokens.org/"><b><i>CashTokens</i></b></a><b><i> Official Website</i></b></li><li><a href="https://www.reddit.com/r/cashtokens/"><b><i>CashTokens </i></b></a><b><i>on Reddit</i></b></li><li><a href="https://t.me/rcashtokens"><b><i>CashTokens</i></b></a><b><i> on Telegram</i></b></li><li><a href="https://bch.info/en/"><b><i>Bitcoin Cash</i></b></a><i> (info)</i></li><li><a href="https://bitcoincash.org/"><b><i>Bitcoin Cash</i></b></a><b><i> </i></b><i>(org)</i></li><li><a href="https://www.coingecko.com/en/coins/bitcoin-cash"><b><i>Bitcoin Cash</i></b></a> <i>(CoinGecko)</i></li></ul><h1 id="ca80">Also Read:</h1><div id="f223" class="link-block"> <a href="https://readmedium.com/the-4th-bitcoin-halving-and-the-case-of-100-000-364678b52103"> <div> <div> <h2>The 4th Bitcoin Halving And The Case Of $100,000 BTC</h2> <div><h3>Calculating How The Next Halving Will Affect The Price Of BTC</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*IvzWwzRJVAlKuVXTXPT_-g.jpeg)"></div> </div> </div> </a> </div><div id="8484" class="link-block"> <a href="https://readmedium.com/what-is-cashtokens-a-new-dimension-for-bitcoin-cash-8b7dc5affce7"> <div> <div> <h2>What Is Cashtokens? A New Dimension For Bitcoin Cash</h2> <div><h3>How Bitcoin Cash Modernizes The Blockchain</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*vPcSkORBhJeNp-kGp_v0VA.jpeg)"></div> </div> </div> </a> </div><div id="0db7" class="link-block"> <a href="https://readmedium.com/bitgree-a-new-cryptocurrency-marketplace-buy-anything-with-bitcoin-cash-1494fb85301f"> <div> <div> <h2>Bitgree, A New Cryptocurrency Marketplace - Buy Anything With Bitcoin Cash!</h2> <div><h3>A Professional e-commerce Platform Optimizing The Use Of Bitcoin Cash</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*Fy0DR0haeJWuapIV.jpg)"></div> </div> </div> </a> </div><h1 id="8194">Platforms:</h1><p id="ec10"><i>● <a href="https://read.cash/@Pantera">read.cash</a> ● <a href="https://noise.cash/u/Pantera99">noise.cash</a> ● <a href="https://noise.app/Pantera">noise.app</a> ● <a href="https://medium.com/@panterabch">Medium</a> ● <a href="https://excathedrax.medium.com/">Medium</a> ● <a href="https://hive.blog/@pantera1">Hive</a> ● <a href="https://steemit.com/@pantera1">Steemit</a> ●<a href="https://vocal.media/authors/pantera">Vocal</a> ● <a href="https://www.minds.com/pantera99/">Minds</a> ● <a href="https://www.publish0x.com/@Pantera1">Publish0x </a>● <a href="https://twitter.com/Panterabch">Twitter</a> ● <a href="https://cashrain.com/pantera">CashRain</a> ● <a href="https://me.dm/@panterabch">Me.dm</a></i></p><h1 id="3c4b">Medium Membership:</h1><p id="ce3e"><i>Your membership fee directly supports Pantera and other writers you read. You will also get full access to every story on Medium:</i></p><div id="fffb" class="link-block"> <a href="https://panterabch.medium.com/membership"> <div> <div> <h2>Join Medium with my referral link - Pantera</h2> <div><h3>Read every story from Pantera (and thousands of other writers on Medium). Your membership fee directly supports Pantera…</h3></div> <div><p>panterabch.medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*HHxGMRseJDO8Dhyq)"></div> </div> </div> </a> </div><p id="d574"><i>Originally published at <a href="https://read.cash/@Pantera/emerald-dao-exploring-the-first-cashtokens-dao-and-nft-4ada4fef">https://read.cash</a>.</i></p><p id="ae2d"><b><i>Don’t forget to Subscribe and Like if you enjoyed this article!</i></b></p><figure id="3a12"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*y29iri4tVq379uifz5jd_A.png"><figcaption></figcaption></figure></article></body>

Emerald DAO: Exploring The First CashTokens DAO and NFT!

CashTokens Are Unleashing Bitcoin Cash’s Untapped Potential!

*Cover picture on Pixabay (with Bitcoin Cash/CashTokens logo)*

The CashTokens upgrade went live on May 15th, marking a new era for Bitcoin Cash introducing Ethereum’s capabilities (smart contracts, NFTs, tokens) on a fast and reliable blockchain.

Emerald DAO by @bitcoincashautist is one of the first Cashtokens developments, indicating what we should anticipate from CashTokens.

With Emerald DAO, users can lock a small amount of Bitcoin Cash and mint an NFT which they can burn one year later and receive the full amount back.

We explore the DAO and explain in steps how to use it to lock 0.1 BCH (~$11.6) and receive the first NFT on Bitcoin Cash.

We also expand into the threats that will appear and catch a glance at the CashTokens Web Wallet by Mathieu Geukens.

The Emerald DAO

There is still time to mint an Emerald DAO NFT since, so far, just 135 out of 2000 were minted.

@bitcoincashautist developed the DAO to demonstrate the new Bitcoin Cash smart-contract capabilities with the Cashtokens upgrade.

At this initial stage of Cashtokens, users will find it difficult to interact with platforms, mint NFTs, and transfer tokens between wallets, but within the next few months, all services will improve. Everything will be friendlier and easy to use as new developments emerge.

The creator of Emerald DAO has no financial incentive and even funded the DAO with 2.5 BCH.

We guide the reader on how to mint the Emerald DAO NFT using the Paytaca Wallet browser extension (Chrome).

Minting Emerald DAO NFTs Guide

Installing Paytaca On Chrome

Add for the Paytaca plugin on Chrome. It enables Web3 interaction for Cashtokens compatible websites.

Full instructions are here:

How To Mint Cashtokens NFTs

In case you missed it, Web3 is now live, on-chain, on Bitcoin Cash.

medium.com

After installing the Paytaca browser wallet, we can create a new wallet or recover one we’ve previously used with our seed phrase.

Note: Don’t forget to extract the private keys or seed phrases to our wallets, write them down and store them securely, so we can access the funds in our address at any point later. If we don’t save the seed phrases or private keys we will most likely lose access to our funds.

Interacting With Emerald DAO Using The Paytaca Browser Wallet

We plan to lock 0.1BCH on the DAO but also need a small BCH amount for fees. This amount should be close to one cent, although Bitcoin Cash fees are constantly lower than that.

We fund our Paytaca wallet with 0.101BCH and visit Emerald DAO.

We connect with Paytaca and approve the connection with our wallet:

Emerald DAO is now connected.

At this point, we have to underline that this is a perfect example of the newfound Web3 capabilities of Bitcoin Cash and presents the vast potential of the network.

After funding our address on the Paytaca Wallet, the connected DAO will display our balance.

We select “MINT NEW NFT” and sign the message on Paytaca.

* Signing will (currently) work only on the version mainnet_Pat provides, allowing us to mint the Emerald DAO NFT and lock 0.1BCH.

After signing the message, the DAO page displays our NFT, and we immediately become part of the beginning of Cashtokens on Bitcoin Cash.

We now take part in the history of Bitcoin Cash as we mint the first-ever Cashtokens NFT!

Investing Risk And Threats

Soon various projects (NFTs, tokens, DEXs) will flock in Bitcoin Cash, but we should be cautious with their promises.

Trusting a dev (anon or not) is not a requirement when we have a ready product, but what happens when an unknown dev suddenly appears with a low-cost product backing the money they request with promises of future developments?

Any person that posts with a different anonymous nickname and asks for funding promising that one day they will deliver a DAO, a prediction’s market, a DEX.

With a reputation at stake, investors will feel more confident to invest and support a project. Without putting reputation on the line, doubts emerge as the true intention of developers is unclear.

The issue is new anons making promises of remarkable developments when they only submitted an unattractive NFT collection (which they call art), and all the above while asking for 1400 BCH for the collection.

The red flags are obvious whenever we meet such projects. Suspicions will clear only when they deliver what they promised. Until then, it is a huge gamble for investors.

Even if this is a known person within a small circle of a community, it only generates suspicions on the actual purpose as to why they are afraid to put their reputation at stake.

Investing risk contains several factors we should explore and strategies to exercise, as any investment can lead to a loss.

Always DYOR and be reasonable. If something doesn’t look right, then the risk increases exponentially.

Cashtokens Web Wallet

Users should be aware when searching for a CashToken wallet as fake wallets/services have already appeared.

Besides Paytaca which we explore here, a “legit”CashTokens (non-custodial) browser wallet is :

CashTokens Webwallet, by Mathieu Geukens

We can easily create a new wallet and store our seed phrase.

Electron Cash also integrated Cashtokens with the latest version (4.3.0).

All Bitcoin Cash wallets support self-custody and promote economic freedom. More wallets will follow and support the exchange of tokens and NFTs on the Bitcoin Cash network.

Closing Thoughts: Why CashTokens Matter

The Emerald DAO by @bitcoincashautist inspires confidence in the new capabilities of the most robust decentralized blockchain, Bitcoin Cash.

Imagine Ethereum but without the high fees and clogged network.

This failure of Ethereum will never occur on Bitcoin Cash. Developers and users will always find reliable fees of less than $0,01 with instant transaction speed (no RBF, 0-conf).

Imagine Solana or Polygon, but decentralized, faster, and cheaper when transacting.

All Ethereum clones (Solana, Avalanche, Polygon, BSC) suffer from the vulnerability of centralization. A team controlling the network (a network that sometimes needs a reset) is not where the future lies.

Imagine Polygon and Solana, but with decentralized miners securing the network and validating transactions.

Cashtokens unleash the untapped potential of Bitcoin Cash.

Cover picture on Pixabay

Useful links:

Paytaca Wallet (with fixed mint bug by mainnet_pat)
Emerald DAO
CashTokens Web Wallet
CashTokens Official Website
CashTokens on Reddit
CashTokens on Telegram
Bitcoin Cash (info)
Bitcoin Cash (org)
Bitcoin Cash (CoinGecko)

Platforms:

● read.cash ● noise.cash ● noise.app ● Medium ● Medium ● Hive ● Steemit ●Vocal ● Minds ● Publish0x ● Twitter ● CashRain ● Me.dm

Medium Membership:

Your membership fee directly supports Pantera and other writers you read. You will also get full access to every story on Medium:

Join Medium with my referral link - Pantera

Read every story from Pantera (and thousands of other writers on Medium). Your membership fee directly supports Pantera…

panterabch.medium.com

Originally published at https://read.cash.

Don’t forget to Subscribe and Like if you enjoyed this article!