Afrikeen Wealth

Smart contracts, the self-executing agreements, are changing investments with their automation and transparency powered by blockchain technology.  Smart contracts are gaining traction in finance and investment as they eliminate intermediaries and ensure tamper-proof execution of terms. We will explore the fundamentals of smart contracts, their applications in investing, the advantages they bring, and the potential risks involved. Whether you're curious about DeFi smart contract solutions, know the top 10 smart contracts, or seeking insights into no-code smart contract platforms, this guide is for you. What Are Smart Contracts? Smart contracts are self-executing agreements with terms written into the code. Stored on a blockchain, the code enforces agreements automatically when predefined conditions are met. Smart Contracts Features Automation : Smart contracts eliminate the need for intermediaries by automating processes. For example, funds are released only wh...

Cryptocurrency investment gains, like other investment profits, attract tax obligations.  Crypto trading has taken the financial world by storm with its lucrative profit opportunities. However, with these gains come significant tax obligations in the form of capital gains taxes. Whether selling Bitcoin, trading Ethereum, or converting one token to a stablecoin, your transactions likely carry tax implications that affect your earnings. Understanding capital gains tax and knowing how to minimize or avoid it legally is essential to maximize your returns. This guide explores strategies to deal with cryptocurrency taxes effectively within the law. What are Capital Gains Tax on Cryptocurrency? Crypto capital gains tax applies when you sell or exchange cryptocurrency at a profit. This tax is based on the difference between the purchase price (cost basis) and the sale price of the cryptocurrency. It falls into two categories: Short-Term Capital Gains : This applies if you ho...

  Decentralized Finance (DeFi) has become one of the most transformative trends in the financial industry. DeFi finance leverages blockchain technology to create an open, permissionless, decentralized financial system. DeFi allows you to access financial services through decentralized platforms, unlike traditional systems requiring centralized authorities like central and commercial banks. Decentralized Finance popularity has surged in recent years owing to the promises of financial inclusion, high yields, and transaction transparency. This article will explore DeFi, its operation, benefits, risks, and best practices for navigating this dynamic space safely. What does Decentralized Finance (DeFi) Mean? Decentralized Finance is a financial ecosystem built on blockchain technology that operates without intermediaries such as banks, brokerages, or insurance companies. Instead, DeFi relies on decentralized applications (DApps) and smart contracts to facilitate user transactions. ...