Hey Fren 😉

What is a cobra throw in simple terms? 

A cobra throw is a strategy or tactic used in cryptocurrency trading. It involves quick and aggressive actions to grab a profitable position in the market.

How it works:

🔵 Traders make quick buys or sells of cryptocurrencies to take advantage of sudden price changes.

🔵 A trading robot is often used to open and close trades automatically based on predefined conditions and algorithms. For example, the “Cobra Throw” robot is designed for rapid account growth in the Forex and cryptocurrency markets through an aggressive strategy.

🔵 This strategy can be very profitable if market movements are correctly predicted, but it is also associated with high risks due to the volatility of the cryptocurrency market (source: CoinDesk).

Advantages and disadvantages of a cobra throw:

Benefits:
🔵 Allows you to react quickly to market changes.
🔵 Using robots minimizes errors and human factors.

Disadvantages:
🔵 The strategy can lead to signific…

caricature image of my university's social studies lecturer..✨🔥

OFT : Ominchain Fungible Token

It’s a tech developed by Layer Zero labs where a token can be minted on as many chain as the developer selects. There should be one main source chain so contract burns the supply on source chain to mint the tokens on other chains. 

@phaverapp is adopting this for the launch of $Soc…

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@restaares