2023-08-04

💀 What Happens to Your Crypto If You Die?

Welcome back, crypto folks!

With BASE chain making all the noise in the crypto space right now, we thought it would be a good time to go back to some BASE-ics.

  • What happens to your crypto if you die?💀

  • Protect yourself from scams in memecoin mania!🛡️

  • What happens to lost Bitcoins?⛳

Control Your Crypto from Beyond the Grave! 🪦

Ever wondered what happens to your precious digital gold when you're no longer around to HODL it? 🤔 Well, it's time to put those worries to rest!

With crypto inheritance, you can ensure your digital assets are safely passed on to your loved ones 🎁. Just like you'd leave a will for your physical assets, you can also ensure your crypto's immortality!But remember, folks, this isn't a job for a Ouija board. 👻 You need to plan ahead!Make sure your private keys and seed phrases are stored securely and that your loved ones know how to access them. 🗝️There are a couple of options. You could hold your crypto on centralized exchange that has a clear crypto inheritance policy.

But wait, I thought centralization was evil! Are there any alternatives?Indeed there are. In fact, some clever cookies have whipped up blockchain-based inheritance plans that automatically transfer your crypto if you don’t touch them for a certain amount of time.Don't let your crypto join you in the afterlife. Plan ahead and control your assets from beyond the grave! 💀

Staying Safe When Buying PEPE Copycats - Here’s How🐸

Remember the PEPE Coin frenzy? That little green frog 🐸 had everyone hopping! 

Why was PEPE so popular, you ask? Well, it's all about the meme magic and the unstoppable power of a good laugh.People turned jokes into jackpots. 🎰But here's the thing: with great memes comes great responsibility. The world of DeFi is a wild ride, and it's not always easy to sort the princes from the frogs. 🤴🐸If you’re looking for the next SHIB or PEPE, you’re bound to stumble across dozens of scams before landing on the real deal.Here’s a few tips on how to spot a rotten egg:

  • Make sure liquidity pools are locked or burnt

  • Double-check that token distiubtion is fair, don’t end up being exit liquidity for a whale 🐋

  • Use a tool like Tokensniffer or QuickIntel to quickly scan new tokens for potential contract risks

Make sure you have a system for checking that new tokens are safe, or you might end up paying for some shady developer's trip to the Bahamas!

At DailyCoin, we ran a case study and dissected some of the most common scam and rugpull techniques you might see on a DEX. Hit the button below to learn more about on-chain safety❗

Are Lost Bitcoins Gone Forever? 🪙

Bitcoin founder and crypto-deity Satoshi Nakamoto once said that lost Bitcoins "only make everyone else’s coins worth slightly more."

It's estimated that around four million BTC are lost in inaccessible wallets, valued at over $1B USD! That's a whole lot of digital treasure lost in the crypto abyss! 💰But are these lost Bitcoins gone forever? Well, in most cases, yes. If the private keys to a Bitcoin wallet are lost, those Bitcoins are like a ship lost at sea. 🚢 

If you’ve lost access to your wallet, don't abandon all hope just yet! Make sure you always back up your seed phrase somewhere, allowing you to recover your digital treasure. 🏴‍☠️

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