2022 has been a crazily terrible year. The forces that we once trusted and thought would exist have shaped or created the future of crypto and have all gone away. There is Luna, a giant in the decentralized finance world, one of the top 10 ecosystems. Or the latest is Sam with FTX, the top 3 global digital currency trading platform, valued at $3.8 billion at the beginning of the year. Not to mention the series of bankruptcies that followed.

So, what could be worse? The answer is yes. Recently, there has been a sudden rise in rumors that Ethereum will have a significant change. The creator of this blockchain, Vitalik, has spoken out about a rumor of an important event that is about to happen. Let’s hope that Ethereum will stand firm; but in the future, how crypto will look if Sam drags down ETH?

Where does Ethereum stand in the world of cryptocurrency?

If Bitcoin is considered the king of cryptocurrency, then Ethereum is considered the queen of the decentralized world. While Bitcoin is seen as a pioneer, Ethereum is known for its development and advancements in blockchain technology.

Let’s review the development history of this queen:

In 2011, a young programmer named Vitalik Buterin first became aware of and interested in Bitcoin. Then in 2013, he and his friends founded Bitcoin Magazine, a major media outlet for cryptocurrency and Bitcoin.

But Vitalik also soon realized the limitations of the Bitcoin blockchain, specifically its lack of interactivity. Bitcoin is a standalone blockchain and has no capability for expansion. (Vitalik’s exact words: “I thought [those in the Bitcoin community] weren’t approaching the problem in the right way. I thought they were going after individual applications; they were trying to kind of explicitly support each [use case] in a sort of Swiss Army knife protocol.”)

Therefore, Vitalik cooked up a new blockchain with more features, interactivity, and the ability to expand beyond the singular purpose of buying and selling like Bitcoin. That is Ethereum.

At the 2014 Bitcoin Miami event, Vitalik first introduced Ethereum to the community. (You can watch his introduction video here). Then, Vitalik and his team raised 18 million USD from the community. According to Vitalik, the number of people accepting Bitcoin or cryptocurrency worldwide in 2015 was only around 100,000, so the amount of funding raised was quite impressive.

Eighteen months after the funding, the Ethereum network officially went live. Although not the inventor of smart contracts, Vitalik saw its potential for application. Ethereum became the first smart contract blockchain, opening up opportunities for developers to build applications on top of the chain.

Seven years later, ETH has become an important part of the cryptocurrency market, with over 2,700 applications and 450,000 daily users. From Ethereum, new trends such as Defi, NFT, and blockchain games have emerged and spread to other platforms. Currently, Ether is not just a single-layer blockchain; it is also a platform layer for other blockchains to develop upon (layer-2) to expand the network.

Although Ethereum has risen to the second spot in the ranking of coin market capitalization, only behind Bitcoin, Vitalik’s humility is demonstrated by his statement, “$1b is still much more than I have,” during the FTX drama when people were discussing Sam’s 18 billion assets.

Vitalik has been named on Forbes’ list of 30 under 30 in Finance (2018) and Forbes’ under 30 Hall of Fame (2022). Time magazine also included Vitalik on its list of the 100 most influential people in 2021. His achievements in the media may not seem impressive, but Vitalik is a rising star in the crypto world. He is a frequent attendee of events and gives deep, interesting insights on his vision and what Ethereum is doing.

Since he joined the crypto business, Vitalik has not had any stains. The only time we saw Vitalik being seriously attacked was in 2018 when he said: “Crypto will have rare opportunities for 1000x more” but was misrepresented by the media as “Crypto no longer has development opportunities.” Both CZ and Justin Sun also jumped into the verbal sparring with Vitalik before realizing it was a meaningless drama.

Vitalik has also twice personally supported a large amount of money for humanitarian purposes rather than political purposes, as his friend S did. The amount of $1 billion (500 $ETH and 50,000 $SHIB tokens) was sent by him to the Indian COVID-crypto relief fund (tweet). At the beginning of the year, when the conflict between Russia and Ukraine occurred, Vitalik spoke out in support of a peaceful solution. When the gunfire erupted, he sent $5 million USD to the Ukrainian relief fund to support the people there.

Without being too glamorous, this Russian guy, who loves pink and likes to wear kilts, has gained the trust of almost all crypto people.

Looking at Ethereum, we also feel the presence of Vitalik in it. That is humility, not boastful, slow but steady development. More importantly, Vitalik is still determined with the goals he has set. “A blockchain with good interaction” sounds like a drawing in 2015, but Ethereum has done it in just over five years of development. But looking ahead, Ethereum, Vitalik, and the team still have a long way to go, a path that is certainly not flat.

Can Ethereum crash or not?

The current position of ETH is no less than Bitcoin; it can be seen as the center of the crypto and blockchain market. But in a year as chaotic as 2022, something as seemingly illogical can happen. Therefore, we cannot consider a future where we lose Ether for any reason.

On November 21st, Vitalik suddenly posted a tweet that caused a stir among the cryptocurrency community. He said, “I’m hearing through the grapevine that something important is about to happen. Please recognize the fact that my elite social connections to people who are early to know things make me cool, and please help me validate my self-image of coolness.” After the incident with Sam and FTX, the community is very sensitive to news. Therefore, rumors about Ethereum’s instability began to spread.

Currently, there is no additional information about the above tweet, and everything suddenly stopped, and no one talks about it anymore. There is something related to Ether; the FTX exchange, after filing for bankruptcy, was hacked and lost more than $30 million of $ETH. Perhaps Vitalik was afraid that this person would sell the $30 million $ETH on the market, causing a crash in the price of Ether.

What would happen if the $ETH price dropped?

Oh, it would be very devastating. And the consequences will be more than a few times the turmoil created by Sam and FTX. $ETH is currently ranked second in terms of market capitalization with a market cap of 158 billion dollars, accounting for 17.95% of the total value of the cryptocurrency market (only behind Bitcoin with 38.34%). The total value locked on Ethereum is at the top with 24.32 billion dollars, accounting for 57.77% of the total value locked in the market (42.28 billion USD).

If the price of $ETH falls sharply, there will be a massive liquidation on Defi lending platforms. These are smart contract-based lending platforms; if the price of the collateral (in this case, ETH) falls to the liquidation level, immediately, the collateralized ETH will be sold directly to the market to recover funds for the protocol.

The strongest liquidation level is at around $700, then at $500 and $400. If there is no intervention at the $700 level, the price of ETH will certainly fall very deep and very quickly, below the $400 level. You may be wondering: “why these milestones?”.

Let me answer that. According to the chart below from DefiLlama, there are 225K $ETH liquidated if the price falls to $720, 156K other $ETH is waiting at the price of $530, and 192.2K will be liquidated when ETH falls to the price of $442. These are just the three major liquidation levels. If, in the worst-case scenario, the price of $ETH truly reaches $400, this margin call will bring the total assets to 1.35 billion Biden, equivalent to about 2 million coins sold directly to the market.

In the past, there was a case similar to the scenario we imagined. In June 2022, a whale on the Solana network locked a large amount of $SOL coins (5.7 million $SOL ~ 170 million USD) on the Solend lending platform (accounting for 95% of the total value locked of the protocol), and then borrowed $108 million, equivalent to 88% of the total lending assets of the platform.

At this time, the $SOL price was again falling, and if $SOL fell to $22.3, about 20 million USD worth of $SOL would be liquidated to protect Solend’s capital. If this amount of coins were sold, a domino effect would occur, and a large number of other users’ contracts would also be liquidated (due to a sharp decrease in the @SOL price), similar to the scenario of ETH $400.

Of course, no one wanted this to happen, so a proposal was made by Solend itself. Specifically, Solend wanted to “ask permission” for the community to be able to liquidate this loan through OTC, avoiding any impact on market prices. This proposal was passed by the community, but fortunately, the price of SOL went up soon after, and there was no margin call at all.

Validators are also a worrying issue.

Validators are an important part of the network; they are responsible for monitoring transactions, checking, verifying, and putting them in a block. Imagine blockchain as a highway, and each validator is a checkpoint. What happens if the number of vehicles (transactions) exceeds the processing capacity of the number of validators?

To be “checked,” users will have to pay a higher fee (gas fee). Before stepping into version 2.0, even with more than 400,000 validators, the transaction fee (gas fee) of ETH had moments of reaching 2–300$ for a command. After the event The Merge, Ether moved to version 2.0, the gas fee has decreased to a comfortable level of ~2$, but in the recent market change, the transaction fee has surpassed the threshold of 5$ again. Without imagining a scenario where all Ether validators “turn off”, if just half of them leave, the gas fee will again be a barrier for users to access ETH or even leave ETH.

Why?

To become a validator of Ethereum, you need to stake (lock) 32 ETH into the network (around $41,000 with the current price of $1,200), and the reward you will receive is an annual percentage rate (APR, not including compound interest) ranging from 5.3–7.3% (currently at 6.1% and this rate will change every six months). If the price of ETH falls dramatically, it will reduce the number of assets locked by users and also the rewards. Money is lost, so is there any reason for you to continue this validator position? In a bad-case scenario, there may be a situation where validators collectively leave the network. If this happens, ETH will die.

But above all is the issue of trust; Ethereum and Vitalik have been symbols for the crypto market. If Ether is lost, the community will take a very long time to regain trust in this market.

If you remember, the cryptocurrency market is controlled by many narratives. In other words, hope or trust is a necessary material to make the technology wheel develop. If a leader like Ether falls, it is unclear whether crypto has the opportunity to stand up or not.

The future of Ethereum, where will it go?

Although this article has a slightly FUD-ish tone, I still believe in a bright future for Vitalik and Ethereum. What Ether has done and is doing has proven that Vitalik is not joking around with the roadmap he has presented.

In fact, many people have said that one day, ETH will replace BTC to lead this crypto market. In reality, Ethereum had this power before the Merge event; many people placed their trust in ETH 2.0, the market’s only hope. At that time, ETH skyrocketed to $2k, helping the market to recover slightly.

The overall market context has an impact on the financial situation of this largest layer-1 network. But finance will not be a major issue for the ETH team to develop. Another positive indicator is the number of daily active users, which is also growing positively, even better than other chains such as Near, PolkaDot, and Avalanche.

The Merge is an important event for ETH not only in 2022 but also in its development plan. This event marks the change of ETH’s consensus mechanism from Proof-of-work to Proof-of-stake. In simpler terms, before The Merge, validators had to use hardware (such as specialized mining farms) to earn rewards (that is, to mine the coins). After The Merge, the mining process is done by locking tokens. To become a validator, users need to lock 32 ETH and receive a reward of 5.3%-7.3%/year.

This has reduced the pressure to release ETH into the market as only around 2000 ETH is rewarded per month (80% less than the old proof-of-work version). At the same time, the new mechanism called EIP-1559 is doing a very good job of making ETH one of the least inflationary tokens.

At the same time, solutions to expand the Ethereum network, such as Optimistic roll-up or Zero-knowledge roll-up, are also being studied extensively. A few layer-2 networks, such as Optimism, Arbitrum, or Zksync, are gradually establishing themselves with a large amount of Total Locked Value, good projects, and stable users.

All of the above is enough for me to have faith in Ethereum. Vitalik and his team are doing their best for ETH. The updates may not be flashy, but they are important and have an impact on the entire blockchain.

For us, the day Ethereum collapses will be the day of the downfall of crypto.

Dear our beloved supporters,

Lastly, we noticed some of our users were not getting enough rewards from the Quests because they could not complete all the tasks and so we introduced a Partial Reward Feature where participants in quests could earn based on the amount of tasks they were able to complete. That was pretty cool, right?

JUNE

In June, we focused even more on community Education with our “How to series” on Avalanche.

We published an Article which had so much to say about Decentralized Autonomous Organizations and why they are important in the Crypto Space.

Also, In June, we took our Social Media activity to the next level most importantly our Twitter. We would make tweets there and encourage our community to go interact with our Tweets telling us exactly what they wanted us to do. This proves to be effective.

JULY

In July, we made yet another big move which was announced to our community on the 24th of July.

We had noticed that the transaction fees on our quests were high, hence, those who participated in the quests would not gain as much as they would have liked because the transaction fees were reduce their total gains.

We made some adjustments and announced that further Quests hosted on Islander would have much lower transaction fees which would allow anyone who participated in it to actually get reasonable rewards for doing so.

AUGUST

In August, we Teased the community some more about our Staking which was highly anticipated at that point and on the 17th of August, our Staking Platform went live at Islander.io

We had two members of our community Trang Xu and Toan Toan who was the head of marketing explain to the community exactly how the staking worked which they did.

The market was really bad at that point which affected us to an extent but it didn’t stop us from continuing to do what we were doing.We still launched our Staking and distributed rewards as we needed to.

In August, we also had an AMA with the CEO of Kingdom Quest where we gave rewards to our community members who participated in it.

Lastly, In August, we celebrated our Staking Launch by performing a quest worth 8 Million Islander tokens. This tokens were given as a reward to those who had supported our community and Staked on our Platform.

N/B : Total volume of ISA staked as at July was over 57 Million which is more than 10 percent of our Circulating Supply and later 84 Million.

SEPTEMBER

In September, we started out by rewarding our AMA winners from the last Two AMA’s.
Some of the winners were yet to receive their rewards so we made sure that we distributed this to them.

Also, our staking was still progressive in September and we had a lot of $ISA that had been staked by September.

OCTOBER

By October, the volume in the market had shifted so much to NFT’s primarily the Blue chips on Ethereum and Solana like Degods.
Islander in an effort to keep up with the trend as we always do teased the launch of an NFT boat collection.

This would of course perfectly sync into our project as “THE ISLANDER” and we would have attached utilities to the NFT after their mint.

The community seemed to love this idea and we had alot of positive responses where people told us they would like it if we dropped the collection. The team were unsure as to whether to launch it considering the market condition but of course it’s still something that would be revisited in the future. That was it for October.

NOVEMBER

In November of course, we had the famous FIFA World Cup Tournament which takes place once in four years . Most of us were involved in watching that and following all the games.

One of our partners BlueSea were among the Web 3 companies involved in the Worldcup and we did well to celebrate them. We were also active on Social Media during December and interacted alot with the community.

N/B: November marked another dark turn in crypto as we saw the FTX crash which took the market even further behind from what it was at.

DECEMBER

In December, we partnered with Chad Doge which are a NFT project built on Avalanche.

Very exciting right? Stay tuned with us for more exciting news in 2023 and Happy New Year guys!!!!

Love,
Team Islander

The market condition is not so good. However, we have just had a two-month precious time to revise and adjust the Islander core features. In short, some of the features will go off-chain. There will also be a new quest mechanism and an NFT collection to support it.

Today we are glad to introduce our ISA Staking feature and set a new movement toward our new Quest mechanism! But first, let’s look at how this feature works and how you can maximize your benefit.

How to stake your ISA

Step 1: Go to theislander.io/staking and connect your Metamask wallet. The official launch will be announced later — but still, you can look around (without being able to stake your ISA yet)

The Total Value Locked (TVL) will be displayed next to ISA real-time price

Step 2: Start your Staking by entering the amount you want, then hit STAKE.

A smart contract for your staking deposit will be generated — with a small fee.

An additional 2% of your deposit will be collected to distribute back to the previous staker. It’s a move to stabilize your staking — as well as making your reward more benefitable!

To position Islander as a learn-to-earn & affiliate marketing platform promoting crypto adoption, Islander is not only a place where retail investors can find and learn from potential projects but also provides informative news. Currently, our primary goal is to serve as a springboard for the top initiatives in the Avalanche ecosystem. So, with this “Avalanche How-to” series, we will provide you with the fundamentals of this potential ecosystem.

The next post in our “Avalanche How To’’ series is about Farming on Penguin Finance.

But first of all, what is Farming?

Farming, also known as Yield Farming, is a term that refers to users trying to generate as much profit as possible from their crypto assets by providing liquidity to DeFi protocols.

In the concept of Yield Farming, Liquidity Providers will supply a pair of tokens in the Liquidity Pool and receive a special token call as an LP token in return, to know how much liquidity they have added to the pool. A liquidity pool is simply a smart contract that contains tokens in it. These pools allow users to borrow, lend or trade between tokens. By doing so, they are going to earn passive income from transaction fees, and interest from lenders. Users can even stake Liquidity Pool tokens to earn extra yield. Extra yield is frequently distributed by local tokens of DeFi protocols. In previous articles, we mentioned How to farm on Trader Joe.

Today we want to introduce you another tool to farm to earn more. Farming on Penguin Finance.

So, here’s how you can do that:

• Step 1: Choose Igloo (Liquidity pool) you want to add liquidity on Penguin Finance platform.
• Step 2: Add your tokens by clicking “Enable Farm”. Because Penguin Finance is using liquidity form Pangolin and Trader Joe, it might lead you to one of 2 exchanges above for liquidity adding.
• Step 3: After having added, you will receive an amount of LP tokens. Stake it and earn rewards.

There’s a few things you guys have to notice:
Farming can give you a high APY, but beware of Impermanent loss, which can lose your token. Our advice is that you should choose pairs of tokens, which have a top coin. Ex: AVAX/ISA, AVAX/PEFI.

To position Islander as a learn-to-earn & affiliate marketing platform promoting crypto adoption, Islander is not only a place where retail investors can find and learn from potential projects but also provides informative news. Currently, our primary goal is to serve as a springboard for the top initiatives in the Avalanche ecosystem. So, with this “Avalanche How-to” series, we will provide you with the fundamentals of this potential ecosystem.

We have introduced to you a way to get passive income by staking on Trader Joe in the last article. However, there’s more one way to make a profit when holding a token. So, the next post in our “Avalanche How To’’ series is about Lending and Borrowing Assets on BenQi.

First of all, what is BenQi?

BenQi is the Avalanche network’s largest lending and borrowing protocol. BenQi allows users to lend, borrow, and earn interest on their digital assets with ease. Depositors who provide liquidity to the protocol might receive passive income, while borrowers could borrow with in an over-collateralized manner.

So, how to lend on BenQi?

Please follow these steps:

1. Click on the MARKETS tab on the menu and click on "Supply"
2. Select the type of asset from the drop box menu in the "Supply" dashboard
3. Enter the desired amount to deposit and click "Deposit"
4. Once the transaction is confirmed, the deposit is successfully registered and it starts earning interest.
5. QiTokens will be deposited into your wallet as a representation of your supplied asset into the protocol.

There are no minimum or maximum deposits imposed. Users can deposit any amount.

Remember, the APY when you lend is lower than farming or staking. But, you can borrow tokens from the protocol when you need it. Follow these steps:

1. Click on the MARKETS tab on the menu and click on “Borrow”

2. Select the type of asset from the drop box menu in the “Borrow” dashboard

3. Enter the desired amount to borrow and click “Borrow”

4. Once the transaction is confirmed, the loan is successful and it starts accruing payable interest.

If you need any amount of money, but you don’t want to sell your tokens because you have just bought them at a good price. Then, lending and borrowing are suitable for your case.

We hope you’ll find this article useful. And don’t forget to join our Islander team here https://t.me/islanderofficial to discuss all the exciting news about the crypto world!

To position Islander as a learn-to-earn & affiliate marketing platform promoting crypto adoption, Islander is not only a place where retail investors can find and learn from potential projects but also provides informative news. Currently, our primary goal is to serve as a springboard for the top initiatives in the Avalanche ecosystem. So, with this “Avalanche How-to” series, we will provide you with the fundamentals of this potential ecosystem.

The next post in our “Avalanche How To’’ series is about Decentralized Autonomous Organization (DAO).

Before diving into DAO, the first question is Have you truly entered the blockchain sphere?
When the internet first appeared, its compatibility with the real world was revolutionary. At the time, the new technology made routine tasks faster, easier, more convenient, cost-effective, smarter, and more enjoyable. People have since, for example, purchased plane tickets directly on the airline’s website instead of queuing for hours at ticket counters. The blockchain, however, is even more robust: it assists in the recreation of the real world in the internet space, or, more ambitiously, in the reconstruction of the real world — to offer novel experiments and solutions.

We learned in our previous DeFi series how blockchain has created a new financial space on the internet. That space not only performs the functions of the traditional financial system, but also puts to the test the traditional idea of a decentralized system: a transparent peer-to-peer financial system that is anonymous and cost-effective. This concept has been around for a long time, but it has yet to be implemented due to natural limitations in the real world (where not everything is made public) or internet limitations (primitive and insecure). Blockchain, on the other hand, is the ideal space to experiment running the world in a completely different way.

With the advent of blockchain technology, people can now dream of decentralized bureaucratic organizations: what if a group of like-minded people could safely collaborate together with equal power and without administrations?

So, why do we need such an organization?
There are ambitious goals by a large number of people, and they must be met over a long period of time. This therefore requires organizations that can collaborate to build or achieve greatness for all.

Many people, however, mistakenly believe that an organization and its hierarchy are the best — naturally — without realizing both are compromises. For example, creating bureaucracy to ensure a clear division of tasks and powers would be wasteful, creating power niches and barriers that would affect the overall performance of the organization and potentially cause harm. Alternatively, to ensure that organizational documents are transparent, revenue and expenditure transactions must be reported in full and in detail, and plans must be approved and signed by the leaders. This entire process is obviously time-consuming and costly; and even when done properly, it can hardly completely eliminate the risk of budget frauds.

Hence, we should not believe that the current organizational designs are optimal and that the constraints cannot be changed. They are simply a means of balancing risks and benefits. As long as new foundations are supported, there is always a basis and possibility to design organizations in a different direction, with new risks and benefits of course.

Blockchain is one such tool.

Therefore, DAO — Decentralized Autonomous Organization comes into play.
There are two unrecognized backlogs: (1) it will be difficult to find a such organization in the real world due to physical constraints, and (2) the internet is reliable enough to form safe and sustainable organizations with common goals.

Most of the time, people regard these two issues as self-evident and easily solved. Blockchain, on the other hand, addresses these issues at the same time, with DAOs being a quick and safe way to connect with like-minded people all over the world. It not only solves the problem of connecting with more people (instead of a few real-world relationships), but it also makes those connections more effective and secure.

By the book, DAOs are similar to businesses, with smart contracts designed to optimize the operation (such as investment), and ownership distributed to all members. This company will not have a CEO, the corporate treasury will not be managed by anyone, and all decisions will be based on the voting results of all of its members and all operational data will be managed independently and publicly. In such an organization, no CEO will be inclined to make decisions in his favor (or simply wrong decisions), and no CFO will be able to commit budget frauds. All activities of a DAO are open, democratic, and equal.

For this reason, when participating in a DAO, investors do not need to put their trust in the project team; instead, they should be more interested in the information of the smart contract, which specifies what decisions that DAO can make (e.g., buying NFTs), how it should make decisions (e.g., voting rules), and so on. All DAO members will have vision and control over how the organization operates, and can therefore think twice before participating. This is therefore an opportunity to open up new directions for new global collaboration targeting different niches.

Each DAO is a direct democracy organization, requiring votes from all members to make decisions; which are automatically verified by algorithms, thereby eliminating the need for an intermediary to count votes. Algorithms automatically calculate revenue and expenditure, and most importantly, all of these activities are fully informed, transparent, and public.

However, DAOs have a few drawbacks:

Organizational models of direct democracy with absolute majority power are not always effective. Indeed, there has never been a case in history where a group of public investors outperformed the market.

DAOs eliminate human mistakes but suffer greatly from algorithm-related technical flaws, such as poor initial design or security risks.

Members come from a variety of countries with varying legal systems, and so the legal issues have yet to be resolved.

Today, people have formed DAOs to jointly manage an investment fund, donate to charity, or purchase any item… Large projects are also oriented to become DAOs once they can operate independently. This is much akin to major GameFi projects where members will have complete control over the future ecosystem.

Then, what about Avalanche DAOs?
To begin, investors can create their own DAOs and hire like-minds from around the world for any purpose. Avalanche allows everyone to create their own DAOs with Avalanche.

Alternatively, they can join existing Avalanche DAOs:

Everest DAO: The first and most prominent DAO on Avalanche where members can decide the future of the Avalanche ecosystem.

Force Dao, Kassandra DAO, Magnet DAO, Pollen, and Olympus DAO are community-run investment funds with different objectives.

It should be noted that the incorporation of blockchain technology into an organization does not guarantee efficiency. Investors must have knowledge to determine which DAO is the best fit for their needs and has the design they believe will work effectively.

We’ve been working very hard since the beginning to achieve an overarching goal: to build a decentralized platform that facilitates knowledge transfer and accelerating mass crypto adoption. To position Islander as a bridge to connect all parties in this crypto market, including crypto projects and enthusiasts, we promote the learn-to-earn mechanism and growth hacking tools to make Blockchain and Crypto adoption easier. In a nutshell, supporters can earn rewards by completing project tasks. It could be some of the easy tasks which are: “Following Twitter”, “Like tweet”, “Retweet”, “Follow Telegram”, “Follow Medium” or “Join Discord Channel”. Supporters may also be required to do some research on projects in order to complete the questionnaires. Not only that, there are also tasks that require participants to hold a certain amount of tokens to complete the task.

We’re not satisfied with that, so we’re working on new features to help projects and their supporters connect in new ways. We also noticed that in terms of doing quests on Islander, in some cases, users struggle with some difficult aforementioned tasks such as holding tokens or contract interaction. Sometimes that leads to no reward as users lose motivation to continue completing the quest. We came up with a solution and today we are officially launching our newest feature: Partial Reward Feature. With this feature, you are no longer have to wait until you complete all the required tasks to earn the reward. Instead, users from now on can earn one-time reward based on the number of tasks you’ve completed if you decide not to do all the tasks required on a quest. We believe that is the reason why this feature does matter and will make a big difference.

To position Islander as a learn-to-earn & affiliate marketing platform promoting crypto adoption, Islander is not only a place where retail investors can find and learn from potential projects but also provides informative news. Currently, our primary goal is to serve as a springboard for the top initiatives in the Avalanche ecosystem. So, with this “Avalanche How-to” series, we will provide you with the fundamentals of this potential ecosystem.

The next post in our “Avalanche How To’’ series is about Staking on Trader Joe.

Trader Joe is the biggest Defi platform on the Avalanche Ecosystem. They provide us with many Defi activities to earn more money while holding a $JOE token. In our previous article, we already showed you how to farm on Trader Joe. But farming is not what you’d prefer; you can try to stake $JOE.

So, first of all, what is Staking?

Crypto staking is the technique of locking up cryptocurrency holdings in exchange for rewards or interest. Blockchain technology is used to create a cryptocurrency, in which crypto transactions are validated, and the resulting data is kept on the blockchain. Validating those transactions on a blockchain is referred to as staking.

However, attaining that consensus requires the participation of others. Investors that actively maintain or lock up their crypto holdings in their crypto wallet are participating in the consensus-taking procedures of these networks. Stakers are the people who approve and verify blockchain transactions.

The networks reward those investors for doing so. The incentives will vary depending on the network. It may be beneficial to compare crypto staking to putting money in a savings account. While the money is in the bank, the depositor obtains interest as a reward from the bank, which utilizes the money for other reasons (lending, etc.). As a result, staking coins is similar to earning interest.

On Trader Joe, The JOE Ecosystem offers ‘Modular Staking’ to its users. The JOE Token has a wide range of applications:

To position Islander as a learn-to-earn & affiliate marketing platform promoting crypto adoption, Islander is not only a place where retail investors can find and learn from potential projects but also provides informative news. Currently, our primary goal is to serve as a springboard for the top initiatives in the Avalanche ecosystem. So, with this “Avalanche How-to” series, we will provide you with the fundamentals of this potential ecosystem.

The next post in our “Avalanche How To’’ series is about How to join IDO on Avalaunch.

So, first of all, what is Avalaunch?

Avalaunch is a Launchpad stage (or IDO Platform) built on the Avalanche network, featuring XAVA as its native token.

As you probably know, one of the most challenging aspects of starting a new blockchain project is reaching a large audience. Not only is it difficult to do so, but it’s also critical that your token is in the wallets of as many people as possible. That isn’t easy unless you have a community or a tool to assist you in reaching a larger audience. Yes, that is one of Avalaunch’s key objectives.

Through the following arrangements, Avalaunch will assist projects in dealing with common challenges on Launchpad stages, such as Font-run Bot or liquidity concerns that generate charges when Listing is extremely uncertain, and so on:

• Ensure value consistency with the stage’s mechanics.
• Configure provisions to aid you in anticipating the Pool’s benefits.
• The token distribution system will be “reasonable.”
• The Team will also provide information regarding IDO project investors in an open and transparent manner.

In short, Avalaunch can be thought of as a launchpad for the Avalanche environment.

If you don’t know how to join IDO on Avalaunch, please follow the below instruction:

That’s all you have to prepare. Wait until a new project IDO; you can register.

But there are two things you have to notice:

• There is a penalty fee if you unstake $XAVA. Read the rule carefully if you want to unstake
• Avalaunch will lock you 1 AVAX when you register for an IDO. You can take it back when you claim the IDO token. If you forget, Avalaunch will keep it.

We hope you’ll find this article useful. And don’t forget to join our Islander team here https://t.me/islanderofficial to discuss all the exciting news about the crypto world!

To position Islander as a learn-to-earn & affiliate marketing platform promoting crypto adoption, Islander is not only a place where retail investors can find and learn from potential projects but also provides informative news. Currently, our primary goal is to serve as a springboard for the top initiatives in the Avalanche ecosystem. So, with this “Avalanche How-to” series, we will provide you with the fundamentals of this potential ecosystem.

The next post in our “Avalanche How To’’ series is about Farming on Trader Joe.

But first of all, what is Farming?

Farming, also known as Yield Farming, is a term that refers to users trying to generate as much profit as possible from their crypto assets by providing liquidity to DeFi protocols.

In the concept of Yield Farming, Liquidity Providers will supply a pair of tokens in the Liquidity Pool and receive a special token call as an LP token in return, to know how much liquidity they have added to the pool. A liquidity pool is simply a smart contract that contains tokens in it. These pools allow users to borrow, lend or trade between tokens. By doing so, they are going to earn passive income from transaction fees, and interest from lenders. Users can even stake Liquidity Pool tokens to earn extra yield. Extra yield is frequently distributed by local tokens of DeFi protocols.

In Trader Joe, you can also earn extra returns by yield farming. More interesting, Trader Joe often gives users farms with double rewards. You can follow Trader Joe for the earliest updates on upcoming double reward farms to join and maximize your profit.

If you don’t know how to farm at Trader Joe, please follow the below instruction: