**According to Forta Network, a blockchain security company, scammers have created over 7,905 blockchain wallets in May to steal cryptocurrency from ordinary users. These scammers employ non-technical attack tactics, such as obtaining personal information or using tricks to deceive users into disclosing passwords or seed phrases. Some attacks can be executed by simply knowing the victim's wallet address. Let's explore the methods that crypto scammers are currently using to steal money from your wallet, together with 3S Wallet!**

# Ice Phishing

One common non-technical attack is "Ice phishing," accounting for 55.8% of the recorded attacks by Forta. Unlike traditional phishing attacks, Ice Phishing focuses on deceiving victims into signing malicious transactions on the blockchain, granting the scammers access to the victim's wallet and stealing their funds. These phishing tricks are often carried out by luring victims to fake websites designed to resemble reputable platforms. This type of scam relies on the step of "approving token allowances," a common operation in non-custodial Web 3 wallets, which allows users to grant a certain level of access to their wallets to smart contracts. Attackers also target users through decentralized applications (dapps), such as decentralized exchanges (DEXs), by creating illusions of profit opportunities like airdrops. Users inadvertently relinquish control of their assets by approving permission-granting transactions without double-checking.

# Address Poisoning

Another scam tactic commonly targets non-fungible token (NFT) traders, exploiting vulnerabilities in NFT infrastructures, such as the Seaport protocol used by OpenSea and other NFT marketplaces. Attackers identify users with valuable NFTs and deceive them into approving low-priced transactions for their NFTs. Address Poisoning is a widely used technique by scammers in both traditional and crypto fields. It involves researching the victim's wallet transaction history to identify frequently interacted addresses. Scammers create a similar-looking blockchain address and send a low-value transaction to "pollute" the victim's transaction history, increasing the likelihood of copying and pasting a malicious address for future transactions.

Although scams are becoming increasingly sophisticated, scammers often rely on simple yet effective exploitation methods, such as using recognizable brands to attract victims' trust or attention. They may send counterfeit tokens to holders of genuine tokens, enticing them to swap the fake tokens for the genuine ones on a scam website. Additionally, scammers can distribute fake ERC-20 tokens for a legitimate smart contract, making users believe they have received an airdrop from a trustworthy source.

# Pharming Attack

A pharming attack is a form of scam method where hackers redirect web traffic from reputable websites to malicious ones, allowing them to access sensitive information like passwords, usernames, and users' cryptocurrency wallets.

Hackers typically exploit domain name system (DNS) poisoning to inject malicious code into someone's URL, redirecting the victim from their intended website to a fake website set up by the attacker. This DNS manipulation allows changing the IP address through malicious commands. Users fall into the trap and enter their login information on the website, which is then directly sent to the hacker.

Pharming attacks are particularly dangerous because they can be challenging to detect. Victims may enter the correct URL for their bank's website but still end up accessing a convincing counterfeit website.

**To defend against these attacks, it is essential to maintain a cautious approach and double-check transactions, being vigilant with every address your wallet interacts with. Ideally, investors should use wallets that incorporate integrated security features. 3S Wallet is a Web3 wallet product built on the principles of Simple, Security, and Safety, offering additional security features to help users easily control their assets, along with a user-friendly interface suitable for all users.**

📲 *Experience 3S Wallet now:*

1️⃣ [Appstore](https://apps.apple.com/vn/app/3s-wallet/id1622316272) 

2️⃣ [CH Play](https://play.google.com/store/apps/details?id=network.bho.wallet&hl=vi&gl=US) 

🎁 *Invite friends to use 3S Wallet - Get passive income on your own system up to $20 for every successful referral. Join 3S Wallet's Rewards program today [HERE](https://3swallet.com/en/reward)!* 

Let's explore the methods that scammers in the crypto market are using to steal money from your wallet, together with 3S Wallet.

large_SCAMMER  ta 2.png

medium_SCAMMER  ta 2.png

small_SCAMMER  ta 2.png

thumbnail_SCAMMER  ta 2.png

SCAMMER  ta 2.png

SCAMMERS ARE USING THESE TO STEAL MONEY FROM YOUR WALLET

**3S Wallet now officially partners and integrates with USDD - TRON DAO Reserve’s Decentralized Stablecoin, to expand the multi-ecosystem cooperation and promote decentralized stablecoin application.**

USDD is an over-collateralized decentralized stablecoin with a guaranteed minimum collateralized ratio of 130%. USDD was launched with TRON DAO Reserve and leading mainstream Blockchain institutions. The USDD protocol runs on the TRON network and is a standard TRC20 token, currently integrated and works on 11 different blockchains such as TRON, Ethereum, BNBChain, BitTorrent Chain, Avalanche, Fantom, Polygon, Arbitrum, Aptos, Aurora, and Optimism. USDD has a current market capitalization of $730 million and an average daily trading volume of approximately $100 million.

USDD integration on 3S Wallet opens up more options for DeFi investors as well as wallet users. Furthermore, 3S Wallet will cooperate to further promote the applications of USDD in the DeFi market, further realizing the potentials of decentralized stablecoins.

3S Wallet is a multi-chain crypto wallet researched and developed by BHO Network based on 3 criteria Simple - Secure - Safe, aiming for maximum perfection in terms of technology, security and user experience.

In addition to the optimized basic features, 3S Wallet also has many outstanding advantages such as: user-friendly and customizable interface to create a personal impression, on-ramp payments, quick token swap with low cost and the lowest slippage. 3S Wallet always aims to create the most special experience for users.

**The USDD integration is a step forward of 3S Wallet in promoting the development of DeFi in general and decentralized stablecoin applications in particular.**

📲 *Experience 3S Wallet now:*

1️⃣ [Appstore](https://apps.apple.com/vn/app/3s-wallet/id1622316272) 

2️⃣ [CH Play](https://play.google.com/store/apps/details?id=network.bho.wallet&hl=vi&gl=US) 

🎁*Invite friends to use 3S Wallet - Get passive income with your own system up to $20 for every successful referral. Join 3S Wallet's Rewards program today [HERE](https://3swallet.com/reward)!*


3S Wallet now officially partners and integrates with USDD - TRON DAO Reserve’s Decentralized Stablecoin.

large_INTERGRATING USDD.png

medium_INTERGRATING USDD.png

small_INTERGRATING USDD.png

thumbnail_INTERGRATING USDD.png

INTERGRATING USDD.png

3S WALLET PARTNERS & INTEGRATES WITH USDD - TRON'S DECENTRALIZED STABLECOIN

**At ETH Denver 2023, Ethereum developers and Vitalik Butterin provided insights into a new trend that is potentially impacting the future of Ethereum and the entire blockchain industry. This trend is known as Account Abstraction (EIP-4337).**

**So, what is Account Abstraction? Let's find out with BHO Network in this article!**

# What is Account Abstraction?

Account Abstraction (AA) is a feature of Ethereum that separates the validation and computation aspects of an account. Instead of storing a secret key on the blockchain, Account Abstraction allows for a simple text address to be registered to represent that account.

In the Ethereum blockchain, an Ethereum Account is a concept that defines the storage of data and assets on the Ethereum network. Each Ethereum Account has a uniquely identifiable address (represented by a 40-character hexadecimal string) and is stored on the Ethereum blockchain.

There are two types of Ethereum Accounts: External Owned Account (EOA) and Contract Account.

## External Owned Account (EOA)
With EOA, users are provided with a pair of public and private keys, only those who have access to the private key can initiate a transaction. Popular EOA wallets in the market include Metamask, WalletConnect, Phantom, and Martian.

EOAs are user-friendly accounts on the blockchain that facilitate transactions. However, they have security disadvantages such as the risk of losing private keys when interacting with decentralized applications (Dapps). Users need to manage them on a regular basis, and if they forget their passwords/keyphrases/secrets, the assets in their wallets will be lost forever.

## Contract Account

Contract Accounts are special accounts in Ethereum, created by smart contracts. They have no secret keys and use smart contracts to regulate operations and manage assets. Some examples of Contract Accounts are DeFi (decentralized finance) applications, Staking wallets, etc.

However, communicating with Contract accounts is sometimes complicated and expensive in gas fees (transaction costs) due to the computationally complex nature of smart contracts.

# Advantages of Account Abstraction

Account Abstraction solves the problems related to secret key management and enhances the security of Ethereum. With Account Abstraction, you no longer need to store the secret key. Registering your address ensures the safety and protection of your assets.

This increases user convenience and safety while minimizing the risks associated with wallet secret key management.

Here are some aspects that Account Abstraction addresses:

- **Enhanced security:** Account Abstraction eliminates the need to manage and store private keys, reducing the risk of property loss or theft. Instead, users can register a simple text address to interact with the blockchain.
- **Convenience:** Account Abstraction improves user convenience by eliminating the need to manage and store secret keys. Registering a simple text address simplifies interaction with the blockchain.
- **Integrate new features:** Account Abstraction allows the integration of new features and standardizes interaction with the blockchain. This creates flexibility and scalability for blockchain application development.

**Account Abstraction is being considered as an important development in the blockchain industry and Ethereum. It offers outstanding potential to improve security and create a more conducive environment for users and developers. By simplifying the user experience, Account Abstraction is believed by the community to be one of the most important innovations for widespread Blockchain adoption.**

What is Account Abstraction? Let's find out with BHO Network in this article!

large_may 2 ta.png

medium_may 2 ta.png

small_may 2 ta.png

thumbnail_may 2 ta.png

may 2 ta.png

Account Abstraction: The key to widespread adoption of Blockchain technology

**Blockchain and crypto wallets are disruptive technologies that have made a big change in the way we conduct financial transactions. Crypto wallets play an important role in storing and managing digital assets on the blockchain. Understanding how crypto wallets work and how they interact with the blockchain will help users make transactions safely and efficiently. Let’s learn about the technology behind a Blockchain wallet with 3S Wallet.**

Blockchain technology is the underlying foundation behind most cryptocurrencies, including Bitcoin and Ethereum. Each blockchain is a distributed ledger that keeps a serial list of records that grow over time, called blocks, that are linked and secured by cryptography. Each block contains a set of transactions and a reference to the previous block, forming an immutable and transparent record of all transactions on the network.

A cryptocurrency wallet is a software application that interacts with the blockchain for storing and managing digital assets. When a user creates a crypto wallet, the software generates a pair of cryptographic keys: a private key and a public key. The private key is kept secret and known only to the wallet owner. Meanwhile, the public key is shared with others to receive cryptocurrency payments.

In fact, a cryptocurrency wallet does not store digital assets directly, but instead stores the private key used to access and manage assets on the blockchain. Wallet owners can use their private keys to access their digital assets on the blockchain and transfer them to other addresses.

When a user submits a cryptocurrency transaction, the transaction is sent to the network and added to a pool of unconfirmed transactions. Miners or validators on the network will use their computing power to decrypt, validate and confirm the transaction then add it to the blockchain. Every transaction after being confirmed will be added to a block and then included in the blockchain.

Crypto wallets can also receive cryptocurrencies. To receive crypto payments, users can share a public key or a unique address generated by the wallet. When someone sends cryptocurrencies to that address, the transaction is validated and added to the blockchain. The digital assets are then recorded in users' accounts on the blockchain, and wallet owners can use their private keys to access and manage the assets.

Cryptocurrency wallets include hot wallets and cold wallets. Hot wallets, or software wallets, are connected to the internet and are often used for small transactions and easy access to Web3 platforms and applications. Software wallets can be categorized into web wallets (browser extensions), desktop wallets, and mobile wallets. Hot wallets are popular for their versatility and convenience. Currently on the market there are many types of hot wallets that are integrated with many additional security features, along with a friendly interface, suitable for the needs of the majority of users. Some notable names are: Trust Wallet, Metamask, Safepal, 3S Wallet, etc. 

In contrast, cold wallets are not connected to the internet and are often used to store large amounts of digital assets. Cold wallets can take the form of hardware wallets or paper wallets.

A hardware wallet is a device designed to store a user's private key and allow them to perform transactions on the blockchain without an internet connection. Hardware wallets are often considered a more secure option than hot wallets, as they cannot be hacked online and users' private keys are protected by passwords and digital signatures. However, cold wallets are less popular because they are not flexible, and are usually only used to secure assets. Ledger and Trezor are the two leading hardware wallets in the market today that investors can trust.

Alternatively, a paper wallet - a less common type of wallet - is a simple account printed on paper and contains a private key and wallet address. Paper wallets are generally considered the most secure method of storage, as they cannot be hacked and there is no need to worry about computer viruses or losing passwords. However, using a paper wallet can be a bit more annoying than using a hardware or hot wallet, as users must always keep their accounts in a safe place, not allowed to lose or allow others to access their wallets.

**3S Wallet is a multichain software wallet developed by BHO Network, built on three main pillars of Simplicity, Security and Safety. 3S Wallet is refined to simplify the interface and gestures, giving users the smoothest and easiest experience. With 3S Wallet, users can connect to Dapps as well as derivatives decentralized exchanges to trade and seize opportunities while ensuring full control of their assets.**

**In addition, 3S Wallet is currently implementing a Rewards program with an attractive participation mechanism to help users earn more income. Anyone using 3S Wallet can join by inviting friends to use 3S Wallet and get passive income with your own system up to $20 for each successful referral.**

*Detailed instructions for 3S Wallet's Rewards feature [here](https://bho.network/how-to-join-3s-wallets-rewards-program)!*

📲 Experience 3S Wallet now:
- [Appstore](https://apps.apple.com/vn/app/3s-wallet/id1622316272)
- [CH Play](https://play.google.com/store/apps/details?id=network.bho.wallet&hl=vi&gl=US)


Let’s learn about the technology behind a Blockchain wallet with 3S Wallet in this article!

large_VÍ BLOCKCHAIN TA.png

medium_VÍ BLOCKCHAIN TA.png

small_VÍ BLOCKCHAIN TA.png

thumbnail_VÍ BLOCKCHAIN TA.png

VÍ BLOCKCHAIN TA.png

LEARN ABOUT THE TECHNOLOGY BEHIND A BLOCKCHAIN WALLET

**In the blockchain world, wallets are an extremely important tool for storing and managing assets. In which, Multisig wallets are used to improve and enhance the security of transactions.**

Multisig wallet stands for "Multisignature wallet" - a type of wallet where transactions must be confirmed by many users. Instead of only requiring a single signature to make a transaction like single-signature wallets, Multisig wallets require multiple signatures from different people to make a transaction. 

For example, a Multisig wallet can be configured to require two of the three signatures provided to execute a transaction. This means that at least two of the three owners of the wallet must confirm the transaction before it can go through.

With the development of blockchain technology and the rise of digital assets, it is extremely important to protect our assets. Multisig wallet is considered a more secure solution for storing and managing digital assets. 

# Pros of Multisig wallets

One of the biggest advantages of the Multisig wallet is the enhanced security. Because multisig wallets require multiple private keys to be activated and authorized to be able to access and use the wallet. So, if one of the wallet's private keys is lost or stolen, the wallet will still be safe. 

Multisig wallets are often used by projects and funds of the DAO (decentralized autonomous organization) to manage, protect and control access to fund assets.

# Cons of Multisig wallets

Although the Multisig wallet is a highly secure solution, for proper and effective use users need certain technical expertise if they do not want to rely on a third party. In addition, the Multisig wallet does not have the flexibility because the access structures are attached to the wallet address, so it will not be possible to change the Multisig wallet access policies without reaching the full consensus of the parties.

Because of the above disadvantages, Multisig wallets are often not preferred by individual investors. Because for individual investors, besides security, their own experience is also an important factor when choosing to use a wallet.

Multisig wallet is an important technology in protecting digital assets and improving security in blockchain transactions. However, the use of Multisig wallets also requires management and consensus among owners to ensure safety and efficiency. When using a Multisig wallet, users need to consider the pros and cons to decide if it is a suitable option for their needs.

Currently, many Blockchain wallets on the market such as Trust Wallet, SafePal, 3S Wallet, etc. have integrated many additional security features and tweaked the interface to give users a more convenient experience, thus they have become more popular than the Multisig wallets.

**3S Wallet is a blockchain wallet developed by BHO Network, built on three main pillars of Simplicity, Security and Safety. 3S Wallet is refined to simplify the interface and gestures, giving users the smoothest and easiest experience. With 3S Wallet, users can connect to Dapps as well as derivatives decentralized exchanges to trade and seize opportunities while ensuring full control of their assets.**

**In addition, 3S Wallet is currently implementing a Rewards program with an attractive participation mechanism to help users earn more income. Anyone using 3S Wallet can participate by inviting friends to use 3S Wallet and get passive income with your own system up to $20 for each successful referral.** 

*Detailed instructions for 3S Wallet's Rewards feature [here](https://bho.network/how-to-join-3s-wallets-rewards-program)!*

Multisig wallets are used to improve and enhance the security of transactions in blockchain. Let's find out its pros and cons!

large_VÍ MULTISIG TA.png

medium_VÍ MULTISIG TA.png

small_VÍ MULTISIG TA.png

thumbnail_VÍ MULTISIG TA.png

VÍ MULTISIG TA.png

WHAT IS A MULTISIG WALLET? PROS AND CONS OF A MULTISIG WALLET

**Here are the detailed instructions on how to buy IDO Promotion of LS TRADE project on BHO Pad.**

**Step 1: Go to website https://bhopad.io**

![image_2023-04-15_15-06-15.png](https://cdn.3swallet.io/assets/assets/image_2023_04_15_15_06_15_730608e643.png)

 

**Step 2: Connect your wallet**

![Hình 2.png](https://cdn.3swallet.io/assets/assets/Hinh_2_c4d4a1cf54.png)

 

BHO Pad currently supports a variety of popular wallets today. However, BHO Pad encourages using 3S Wallet to get the best experience.

**Step 3: Select LS TRADE project in “Projects” section**

![hình 3.png](https://cdn.3swallet.io/assets/assets/hinh_3_9abfdaeab3.png)

 

**Step 4: Click “Approve Token” to buy IDO Promotion for LS TRADE project**

![Hình 4.png](https://cdn.3swallet.io/assets/assets/Hinh_4_b0c8f02865.png)

 

For safety, BHO Pad will require users to “Approve” USDT tokens before proceeding to buy IDO. 

The “Approve” step will cost a small fee to confirm participation. Investors need to have BNB available in their wallet to avoid failure.

*Note:*
- *The IDO purchase slots allocated to Staking and registered users are only valid until the end of the Round 1 countdown. After that, the unpurchased slots will be transferred to the FCFS pool for the community.*
- *Investors need to stake BHO on BHO Pad and register for IDO before the IDO Round is opened to be able to buy IDO. The amount of Pool Weight investors are allocated based on the Staking rank will be recognized by the system at the time of registration.*

**Step 5: Buy LS TRADE project’s IDO** 

![Hình 5.png](https://cdn.3swallet.io/assets/assets/Hinh_5_765b8f1824.png)

 

After the **“Approve”** step is successful, the system will display the **“Buy Token”** button. Click “Buy Token” and enter the amount you want to buy, the maximum amount of purchase depends on the amount of Pool Weight to buy IDO investors are allocated.

<img src="https://cdn.3swallet.io/assets/assets/dt_2097d27ca9.png" width="360px" height="auto" />

 

The maximum amount of investment capital is calculated by the formula:

**Value of 1 Pool Weight (1) x Total Pool Weight you have (2)**

*In which:*
- *Value of 1 Pool Weight (1): the result of dividing the Total Pool of the IDO round ($80,000 USDT) by the Total Pool Weight of all investors registered for IDO.*
- *Total Pool Weight you have (2): the amount of Pool Weight that investors are allocated based on the Staking rank at the time of IDO Registration. The higher the Staking tier, the greater the amount of Pool Weight investors are allocated.*

**For example:**
As in the above picture:
10.48355 x 220 = 2.306,381

=> So the maximum amount of capital that this investor can invest is: 2.306,381$ USDT.

*Note:* 
*The value of 1 Pool Weight (1) will decrease when more investors successfully register.*

**Step 6: “Claim” $LSC tokens**

$LSC tokens will be distributed directly on BHO Pad's website. Investors can access the link: https://bhopad.io/project/LS TRADE and select **“Claim”** to receive $LSC tokens purchased from IDO. 

![Hình 7.png](https://cdn.3swallet.io/assets/assets/Hinh_7_d2a60b1f2c.png)

 

**Above is the guide to Buy IDO Promotion on BHO Pad.**

📲 *Stake $BHO today to enjoy attractive APY interest rate up to 20% and be guaranteed to buy IDO of potential projects on https://bhopad.io*

Here are the detailed instructions on how to buy IDO Promotion of  LS TRADE project on BHO Pad.

large_Hướng dẫn mua IDO TA.png

medium_Hướng dẫn mua IDO TA.png

small_Hướng dẫn mua IDO TA.png

thumbnail_Hướng dẫn mua IDO TA.png

Hướng dẫn mua IDO TA.png

INSTRUCTIONS TO BUY LS TRADE PROJECT’S IDO PROMOTION ON BHO PAD

Here are the detailed instructions on how to register for project LS TRADE’s IDO Promotion on [bhopad.io](https://bhopad.io)

**Step 1: Go to https://bhopad.io**

![Screenshot 2023-04-09 204050.png](https://cdn.3swallet.io/assets/assets/Screenshot_2023_04_09_204050_2245c4881c.png)

 

**Step 2: Connect your wallet**

BHO Pad currently supports a variety of popular wallets today. However, BHO Pad encourages users to use 3S Wallet to get the best experience.

![2 (2).png](https://cdn.3swallet.io/assets/assets/2_2_c984753580.png)

 

**Step 3: Select “Projects” to open the project list**

![3.png](https://cdn.3swallet.io/assets/assets/3_2dd6a722fb.png)

 

**Step 4: Select project LS TRADE and register to buy IDO**

![4.png](https://cdn.3swallet.io/assets/assets/4_e9fdab2d6d.png)

 

Registration will cost a small fee to confirm participation. Investors are advised to check the BNB amount in the wallet to avoid failed transactions.

*Note:* 
- *The registration period will end before the sale period begins.* 
- *Investors need to be staking BHO on BHO Pad before registering to buy IDO, the amount of Pool Weight corresponding to the BHO staking level that the investor owns will be recorded at the time of clicking Register.*

**Step 5: Confirm your registration and wait for the opening time to buy IDO**

After successfully registering for the IDO, the system will display the phrase “Please wait for the Sale to open” (3). Investors kindly wait until the IDO sale round opens.

<img src="https://cdn.3swallet.io/assets/assets/dt_2097d27ca9.png" width="360px" height="auto" />

 

The maximum amount of capital you can invest is calculated by the formula:

**Value of 1 Pool Weight (1) x Total Pool Weight you have (2)**

In which:
- **Value of 1 Pool Weight (1):** the result of dividing the Total Pool of the IDO round ($80,000 USDT) by the Total Pool Weight of all investors registered for the IDO.

- **Total Pool Weight you have (2):** the amount of Pool Weight that investors are allocated based on the Staking rank at the time of IDO Registration. The higher the Staking tier, the greater the amount of Pool Weight investors are allocated.

*For example:*
- *In the picture above:*

*10.48355 x 220 = 2.306,381*

*=> So the maximum amount of capital that this investor can invest is: 2.306,381$ USDT.*

*Note: The value of 1 Pool Weight (1) will decrease when more investors register successfully.*

**Above is the guide to register for IDO Promotion on BHO Pad.**

📲 For details about LS TRADE's IDO Promotion round on bhopad.io, see [HERE](https://lstrade.io/ls-trade-information-for-ido-promotion-on-bho-pad/)!

📲 Learn more about LS TRADE Project Overview [HERE](https://lstrade.io/ls-trade-overview-predict-to-earn-trading-platform/)! 

Follow the website and official communication channels of LS TRADE to get the latest information about the platform as well as attractive promotions:
- LS TRADE website: https://lstrade.io 
- LS TRADE’s official communication channels: https://linktr.ee/lstrade.io

Here are the detailed instructions on how to register for project LS TRADE’s IDO Promotion on bhopad.io

large_Tham gia IDO  TA.png

medium_Tham gia IDO  TA.png

small_Tham gia IDO  TA.png

thumbnail_Tham gia IDO  TA.png

Tham gia IDO  TA.png

INSTRUCTIONS TO REGISTER FOR PROJECT LS TRADE’S IDO PROMOTION ON BHOPAD.IO

**1. Total Pool:** 80,000$ USDT/ 80,000 LSC

**2. IDO Price:** $1/ LSC

**3. Listing Price:** $1.25/ LSC
- Guaranteed: The lowest profit is 25% from IDO price.
- Guaranteed Period: 7 days from the time of Listing.
- Refund: When the project does not deliver on the Guaranteed portion. This condition only applies to investors who have not claimed, or have claimed but have not sold any LSC.

**4. Vesting Time:** TGE 75%
- The remaining 25% will be unlocked 5% every 30 days from the date of listing (5 times).

**5. Registration period: 00:00 09.04.2023 - 09:59 15.04.2023 (GMT+7)**

**6. IDO Purchase period: 10:00 15.04.2023 - 24:00 17.04.2023 (GMT+7)**

**7. Tokenomics & LS TRADE Overview:**
- Read in detail here: https://lstrade.io/ls-trade-overview-predict-to-earn-trading-platform/ 

**8. Staking & register for IDO Promotion purchase:**
- Join at: https://bhopad.io 

**9. LS TRADE communication channels:**
- Website: https://lstrade.io
- Twitter: https://twitter.com/LSTradeOfficial
- Telegram: https://t.me/LSTRADE_community

More information for LS TRADE's IDO Promotion on BHO PAD!

large_IDO (4).png

medium_IDO (4).png

small_IDO (4).png

thumbnail_IDO (4).png

IDO (4).png

LS TRADE: INFORMATION FOR IDO PROMOTION ON BHOPAD.IO (BHO STAKING & REGISTRATION REQUIRED)

LS TRADE is a next-gen decentralized Futures Battle (Predict Price Move) trading platform that allows investors, experienced or new, to trade as simply and transparently as possible.

Investors can predict the price movement direction of the Bitcoin market on LS TRADE to generate flexible and quick profits. Besides, LS TRADE is also an ecosystem consisting of 3 products: Long Short X, LS Coin and Burn-to-Earn, targeting 3 sets of customers: Traders, Miners and Holders, always supporting each other, creating a harmonious financial flow, and promoting the ecosystem for continuous development.

Through this strategic partnership, Onebit Ventures and LS TRADE will accompany each other in brand development and investment plans & strategies, while supporting promotion on all media platforms and improving accessibility to the community. 

In addition to being a communication partner and brand developer, Onebit Ventures will also be one of the platforms to deploy IDO Promotion for the LS TRADE project in the near future. With IDO Promotion, investors will be absolutely protected by the project and the Launchpad platform in terms of capital, as well as profit.

Onebit Ventures is one of Vietnam's leading venture capital funds targeting early-stage technology startups, focusing on blockchain and cryptocurrency. Founded in 2018, the company has quickly become one of the most prominent blockchain-focused investment funds in Vietnam.

Onebit Ventures has successfully invested in nearly 50 technology startups, including many typical blockchain and cryptocurrency startups such as Sidus, BSC Station, Calo, Gaia, DAOLaunch, Meta Spatial, etc. who have made a name for themselves in the industry.

With a track record of successful investments and a deep understanding of Vietnam's startup ecosystem, Onebit Ventures is in a good position to continue driving innovation and growth in the blockchain industry in Vietnam and beyond.

With bilateral support for mutual development, LS TRADE and Onebit Ventures can make the most of their potential to develop and together create more value for the community and future development of blockchain and cryptocurrency.

- LS TRADE Website:: https://lstrade.io
- Onebit Ventures Website: https://onebit.capital

LS TRADE has officially become a strategic partner with Onebit Ventures, one of Vietnam's leading venture capital funds in blockchain and cryptocurrency.

large_PARTNERSHIP 4.png

medium_PARTNERSHIP 4.png

small_PARTNERSHIP 4.png

thumbnail_PARTNERSHIP 4.png

PARTNERSHIP 4.png

LS TRADE & ONEBIT VENTURES SHAKE HANDS IN STRATEGIC PARTNERSHIP 

Since its initial introduction in 2014, the concept of Stablecoin has quickly gained popularity and become an essential part of the cryptocurrency market. However, it doesn't only serve as an intermediary for trading in the crypto market; stablecoins and the new technological advancements around them have also paved the way for revolutionary solutions in the traditional financial market. Let's explore the importance of stablecoins through this article by BHO Network.

**The Role of Stablecoin in the Crypto Market**

Stablecoins have become crucial for financial activities in the crypto world due to two main reasons:

1. Stablecoins provide the best way for traders to deal with market volatility:
Thanks to their price stability, stablecoins have become the primary method for traders to conduct transactions on cryptocurrency exchanges. The earliest crypto exchanges didn't have USD or other fiat currencies, hence the need for stablecoins to replace fiat. Traders can switch to stablecoins after closing a position to protect their profits.

2. Stablecoins offer the easiest route to purchase cryptocurrencies with fiat:
When investors first enter the crypto market, their initial step is often to convert fiat money into cryptocurrencies. The simplest way to achieve this is by buying stablecoins pegged to the value of a fiat currency. For example, if you want to convert USD to crypto, you can exchange your USD for an equivalent amount of USD Tether (USDT).

**The Role of Stablecoin in the Traditional Financial Market**

1. Stablecoin are designed for the increasingly globalized economy. In theory, they address significant challenges and limitations in international currency exchange.

2. Stablecoin users don't need multiple international bank accounts to send digital money to friends in different countries; they only need a cryptocurrency wallet.

Stablecoins facilitate direct money transfers between individuals without the need for third-party intervention.

Using stablecoins reduces transaction costs, transfer times, and the inherent privacy risks associated with central bank-controlled banking systems.

Imagine you're a business owner in China wanting to pay a bill for a Japanese customer who also has subcontractors in Europe. You would need a Chinese bank account, a Japanese bank account, and a European bank account. If someone wants to send you Euros, Japanese Yen, or Chinese Yuan, third parties can hold those accounts to exchange those currencies into a form you can hold and send to your bank. And in this process, third parties can charge significant fees.

Now, what if our needs involve more than three countries? In today's globally integrated economy, the demand for cross-border money transfer is increasing rapidly and won't stop growing. We can't possess 50 different bank accounts in 50 different countries. However, with stablecoins, we don't need to; we only need a cryptocurrency wallet address containing stablecoins to solve this issue.

Especially for those valuing privacy, this aspect of stablecoins is appreciated because it can bypass the Know Your Customer (KYC) process – the requirement to submit personal documents and social security information to open financial accounts. While KYC has become routine for most of us in currency transactions, crypto advocates believe KYC poses obstacles when applied to central banks in different countries.

For a crypto investor, holding 10 different stablecoins in a Ledger wallet is possible. If I need to transfer Russian Rubles to Russia, I only need to hold the stablecoin representing Rubles in my wallet and use it like Rubles without converting. This direct model between individuals using stablecoin saves processing costs and administrative fees for third parties. With hundreds of billions of USD in profits flowing into intermediaries' pockets annually due to money transfer and currency exchange services, stablecoin and central bank digital currency (CBDC) applications can optimize those billions for businesses and consumers.

We can't deny the crucial role of stablecoins, which not only bring significant benefits to the crypto market but also offer solutions to the major challenges of the current traditional financial system. However, similar to the crypto market, stablecoins are still seen as a new and relatively young asset class, facing certain risks. Hence, investors should carefully consider before choosing to use and reserve any stablecoin.

For secure and convenient storage of stablecoins, users can utilize the 3S Wallet, a multi-chain crypto wallet that allows holding stablecoins across multiple blockchain networks with just one wallet. The 3S Wallet is a blockchain wallet product developed by BHO Network, built on the pillars of Simplicity, Security, and Safety. The 3S Wallet has been refined to simplify the interface and operations, providing users with the smoothest and easiest experience. With 3S Wallet, users can connect to DApps and decentralized derivative exchanges to trade, seizing opportunities while ensuring full control over their assets.

👉 Securely store stablecoins and cryptocurrencies with 3S Wallet:

1️⃣ Appstore:https://apps.apple.com/vn/app/3s-wallet/id1622316272
2️⃣ CH Play: https://play.google.com/store/apps/details?id=network.bho.wallet&hl=vi&gl=US&pli=1


Doesn't only serve as an intermediary for trading in the crypto market; stablecoins and the new technological advancements around them have also paved the way for revolutionary solutions in the traditional financial market

Blog

Exclusive Content

THE IMPORTANT ROLE OF STABLECOIN

Latest Blogs