At 3:00 pm on September 23, 2020, Jubi Mandy had a conversation with KING, the mining god of the currency circle, and conducted an AMA on the theme of "How to choose DeFi popular mining coins? Teach you how to mine popular "top mines"" in the Jubi live broadcast room, live sharing The content is organized as follows:

Mandy: Hello, friends from Jubi Live and Juca! I am the host of this AMA, Jubi Mandy.

Today's live broadcast is divided into three parts:

1. Teach you how to mine UNI + receive UNII (Uniswap)

2. How to choose the popular "head mine"?

3. Learn one-click lossless mining

Mandy: First of all, welcome to the guest of this live broadcast, a mysterious person who has been active in various DeFi mining communities for a long time, the currency mining god KING!

KING has entered the currency circle since 2016, and can always obtain various first-hand industry information in the currency circle. Before DeFi mining became popular in the industry, it began to participate in various mining projects. He has personally participated in most of the mining in the existing market.

As of yesterday, the total market value of DeFi: 12.596 billion US dollars. Now mining people say that Uniswap has become the leader of DEX, and UNI has also become the mainstream currency of DEX. But there are still many new users and users in the classical currency circle who are not very good at using Uniswap. Today, I would like to ask KING to introduce UNI to me again so as to how to mine on Uniswap.

Now mining people say that Uniswap has become the leader of DEX, and UNI has also become the mainstream currency of DEX. But there are still many new users and users in the classical currency circle who are not very good at using Uniswap. Today, I would like to ask KING to introduce UNI to me again so as to how to mine on Uniswap.

Mandy: Can you tell us how you got started with DeFi mining?

KING: The first time I learned about DEFI mining, it should be in June. At that time, COMP rose to more than 300 U and I began to understand the concept of DEFI mining. Leverage short comp, 220 flat positions. Looking at it now, I still feel that there is still a serious bubble in the high income of mining projects, and what we have to do is to obtain more stable and risk-free income in this bubble. We need to "dig, withdraw, sell" Help the market to de-bubble and make profits at the same time.

Mandy: What do you think of the UNI token issued by Uniswap? Does it have long-term mining value?

KING: The first question, as the largest decentralized exchange, it is inevitable to issue coins, and it will definitely issue coins. Without tokens, it will be difficult to lock its community and traffic. Therefore, after Sushiswap issued coins, Uniswap's capital pool and trading volume dropped sharply.

The second question is about the value of mining. I am a speculator myself. I don’t talk about the value, but only look at the income. I don’t recommend mining UNI in the near future, but it can still be mined in the long run.

Because the current annualized rate of return of UNI mining is about 36%, in the case of new mining projects appearing every day, this rate of return is relatively low, so in the short term, it is more recommended to put funds in In some hot projects, the income is higher. But here is not to ask everyone to buy token mining of popular projects, but to use the mainstream currency they hold to do low-risk mining, so that they can hold tokens and mine instead of mining for the sake of mining. To hold currency, otherwise the loss may outweigh the gain.

In the long run, I personally think that the prices of most mining tokens will eventually return to zero, so the risks and benefits of mining UNI are relatively stable in the long run.

Mandy: Can you actually learn how to mine UNI on Uniswap?

KING: Now you can take out your computer or mobile phone and follow KING to do practical operations together. Those who have not kept up with the steps can watch the video and operate step by step after the live broadcast. If you have any questions, you can ask me in the group or Jubi customer service.

UNI mining tutorial video link:https://m.youku.com/

Mandy: You can claim the UNI fork token UNII on Uniswap yesterday, how to claim it?

KING: This is very simple, log in to their official website through wallet or computerRelated Links, and then after connecting to the eth wallet, you can check whether you are eligible to receive it. If so, you can receive it directly with one click. When you receive it, remember to leave some ETH in the wallet address as a gas fee, otherwise you will not be able to receive it.

But it is not recommended for everyone to claim it now, because the current price of UNII is too low. After deducting the gas fee consumed by receiving UNII and selling UNII on Uniswap, you will not earn a few U, so there is no need to claim it.

If the price of UNII rises, it will not be too late to get it.

Mandy: Many users are curious, which channels do you usually use to obtain the latest information on DeFi "top mines"?

KING: There are three main methods:

1. Some high-quality active communities. Basically, if there is something new in the currency circle, high-quality communities will talk about it, and someone will promote it.

2. The recommended location of the major wallet dapps, because through mobile mining, the wallet is almost equivalent to the only entrance, so mining projects will use the wallet as the key distribution channel, and take the initiative to put the wallets on the shelves as soon as possible.

3. Recommended by friends, this is also the main way for me to choose the first mine.

Mandy: Now there are various DeFi mining emerging in the market. Faced with various "top mines" and popular mining coins, how to choose? What are the reference dimensions?

KING: There are indeed too many first mines now, and the choice is very difficult. There are many star projects and garbage imitation projects. First, I will teach you how to distinguish between garbage projects and high-quality mining projects.

First of all, let’s talk about garbage imitation disk projects, which are various anonymous imitation disk mining projects based on Ethereum and EOS. This type is easy to distinguish, mainly based on the following points:

1. Whether the team and promoters are anonymous;

2. Whether the contract code is audited;

3. Whether the currency price increase and mining income are particularly high;

4. Check the information on the chain to see if the number of token holders, the number of token transfers, and the mining funds are all small.

If it meets three of the above four points, it is basically a scam project, and there is a risk of running away and returning to zero at any time.

As for those star projects that can be mined, I believe everyone knows, such as UNI, SUN of TRON, GOF of GX, SUP by Bytom, WING by Ontology, and Flamingo by Xiaoyi. Such projects are generally well-known. High, there is a project for endorsement, basically you can participate in mining, and there is almost no risk of the principal returning to zero.

Then I will teach you how to choose the project that suits you among these high-quality projects.

The first and most critical point, unless you hold or are optimistic about the Tokens required for mining, do not buy relevant Tokens for mining and pursue high yields to pledge mining, because the price of tokens produced by mining The trend must be the initial high, and then all the way down. The loss rate of the currency price is likely to be lower than the yield rate. Buying currency in the secondary market is to take the order.

Second, I suggest here to choose the mining pool in the mining project according to your own currency holdings. For example, if you hold or are optimistic about ETH, you can choose to buy some U to do ETH/USDT liquidity mining, such as If you hold or are optimistic about GXC, you can mine GOF. If you don’t hold mainstream coins, you can find stable coin mining projects or decentralized exchanges, and choose their one-click non-destructive mining. I know that Jubi is leading the way in one-click mining. The exchange is at the forefront, where you can mine SUN, UNI, GOF, etc. with single currencies such as U or ETH. It is not only exempt from gas on the chain, but also must be operated, which is very suitable for users with little money.

Mandy: What are the current problems in Uniswap mining or DEX liquidity mining?

KING: There are three main points:

1. The threshold is too high. For novice users, it is actually very difficult, such as deposit, wallet, pledge mining, learning to read data on the chain, etc., but as long as the reason is studied, it is nothing more than a little trouble.

2. The gas fee is sometimes too high. I remember last year that the eth transfer call contract only needed 10gwei, which was only a few tenths of U when converted into U. Now, as long as there is congestion on the chain, it would cost 300 or 500gwei, which would cost 30-50U when converted into U. So if it is not a special case, We can avoid the time when the gas fee is too high, and we can choose to transfer money at night, early morning, or morning, so that we can avoid the situation of high gas.

3. The functions of a single wallet are not comprehensive enough. Therefore, it is recommended that you download and use IMtoken, Maizi, TP, and bitkeep wallets together to see Uniswap’s market and transactions, and use the Bitkeep wallet to see token arrival reminders; use TP and IMtoken wallets for transfer transactions; check transfer gas fees, enter TP wallet is used for dapp; Math wallet is used to register wallet addresses of each main network.

Mandy: Last question, do you currently have any mining projects that you plan to participate in? The best is the "head mine" news.

KING: I am currently digging a head mine, which is dug with USDT single currency. The current annualized income is about 130%, which is completely lossless mining. However, the head mine ends today, and the income will be halved. I don’t recommend it to everyone. A small ant mining project Flamingo will be launched this Friday. You can pay attention to it at that time. Generally, the early mining income of new projects is still very considerable.

I know that Jubi should establish a Flamingo mining group, and will also launch FLM's one-click mining. If you are interested, you can go in to learn more about it and earn profits.

Mandy: Thank you KING for your patient answer! At the same time, thank you for your active participation! Please continue to pay attention to Jubi!