How to receive ZEN coins for FREE.

I have been posting a lot about Zen – a privacy coin that came into existence back in 2017 as Zencash and in 2018 it rebranded to Horizen in tune with the expansion of the project into a all-round platform that offers a variety of layers and features which go beyond the monetary use of Zen as a coin. Horizen’s ecosystem includes a technology platform for building dApps, sidechain solutions that enables the connection of bespoke blockchains to the Horizen mainchain and ZenChat – a secure messaging service – censorship resistant, private and encrypted.

I will post my latest interview with their main developer here on my blog very soon, but this post is about their latest incentive – Giving Away ZEN (coins) for FREE to users worldwide. So, let me take you through the process which is very simple:

The ZEN faucet went live just a few days ago and you will find it here.

For those who aren’t aware what a faucet is you can find it explained in my kindle book “Crypto Jargon A-Z : Definitions of Crypto Terminology” but in simple words, it is a website that awards users free coins in order to create awareness and increase the popularity of a certain coin. These giveaways are random (small) amounts of the cryptocurrency in question and in the case of ZEN here, they occur EVERY DAY.
Every 20 hours to be more precise.Annotation 2019-11-01 170716In order to get these free rewards, follow this link :  https://getzen.cash/auth/register?ref=124527

 

You will be prompted to register but the only details they ask for are first name and email address, so there’s no elaborate KYC process or anything like that.

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The next step is to confirm your email address (bear in mind that currently they allow gmail only) and you’re all set.

Once you have completed the steps above, you can go and claim your daily ZEN for free.

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I use this service with my Coinomi wallet but you can also get the official ZEN wallet directly from their website.

You can also use an exchange wallet such as Bittrex if you are a member but in this article I will show you how to set up a Coinomi wallet which is the one I used.

First, download the Coinomi app on your mobile or desktop computer. I use the Andriod mobile app.

Once you’re in the app, you will need to add the coin to your account. Here’s how to do this:

First you’ll select “add coins” because ZEN is a coin, not a token, then you scroll down through the list of supported coins to find Horizen (ZEN is the currency of Horizen).

Once you add the ZEN wallet you will be sent into the main screen of the wallet which will be empty of course. Now you need to add some ZEN and to do this you will need to copy your wallet address and go to the Horizen faucet to claim your free zen rewards.

Follow these steps:

After you copy the wallet address you will go to the faucet website, paste the wallet address in the window and hit “CLAIM”. You will be prompted to sign-in at that point, so make sure you have already completed the registration stage and confirmed your email too. Once this is done, your ZEN rewards will be in your wallet within a few minutes.

And one more thing: if you claim these every day, you will receive a bonus : for each consecutive days (up to 5 days) you are awarded and you receive extra:

Day 2 you receive x1.2 compared to day 1
Day 3 you receive x1.4 compared to day 1
Day 4 you receive x1.6 compared to day 1
Day 5 you receive x1.8 + a Bonus Round where you can earn up to 1 ZEN
Day 6 you receive x2 compared to day 1

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It’s worth setting up a daily reminder about this so you don’t miss a day because that would reset the bonus counter if you miss a day.
Here’s my first three ZEN rewards which I received already. As you can see, each consecutive day I am getting slightly more than the previous.

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This is the whole process. Just set a reminder to go back to this website the next day and claim your next reward. This free reward is a small amount as I mentioned, but remember, this is a reward you will be able to claim EVERY DAY, so good luck and let me know in the comments if you have any questions.

To register for this free giveaway of ZEN follow my link: https://getzen.cash/auth/register?ref=124527

Also, watch out on my upcoming posts as I will be doing an interview with the main developer of ZEN in a few days.

MERO Currency rebrands to BTCT. Token swap on NOV 20th.

Mero (MRO) Currency token holders beware: there will be a re-branding of MERO taking place on November 20 (2019)

Mero (MRO) Currency token holders beware: there will be a re-branding of MERO taking place on November 20 (2019) and all token holders will be required to swap their current ERC20 tokens for the new, mineable tokens named Bitcoin Token (BTCT).

I can only assume that this re-branding has to do with the falling popularity of the Mero token which started as a deflationary token and made some buzz in the airdrop-loving crypto community. The token was given mainly in the form of airdrops and bounties and it had a potential of price appreciation which sadly did not come to fruition.

The project developers had in mind that the token could switch to a mine-able coin some time in the future and as we see, this is going to happen on November 20th.

Currently you can exchange MRO tokens on these three exchanges:

Should you care to go for the token swap, you will receive the new tokens on 10:1 ratio and only one exchange is in charge with this token swap (for now). That exchange is Altilly.

Here is the official announcement as seen on the BTCT medium page:

“Dear MRO Token Holders,

We are excited to announce a consensus amongst the developers of Mero Currency that we are re-branding and moving to our own hosted blockchain. MRO will be rebranding to BTCT (Bitcoin Token).

When will the swap take place?

This swap will take place on November 20th, 2019. The swap will be automatic on the Altilly platform chaning all MRO to BTCT at a ratio of 10:1. We believe this is fair value as the Bitcoin Token blockchain will have more value being a minable coin.

The old contract address for MRO is: https://etherscan.io/token/0x6ff313fb38d53d7a458860b1bf7512f54a03e968

Important Note and Advise!

Please We Advice each and Everyone of you to make sure your MRO Tokens are moved from your Private wallet to Altilly Exchange well ahead of the swap time. Note, any tokens left after Nov 20th in coinomi, mew or any other exchange will not be able to be swapped for BTCT.

We are excited that this move will garner more value for your investment as well as enable more community involvement and developer involvement in the project.

We are giving all MRO token holders time to move their tokens to a centralized exchange (Altilly) where the swap will take place.

P.S. In light of this change we are slowly starting to re-brand our social profiles (TelegramTwitterGithub) to the new Bitcoin Token branding (BTCT).”

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I hope this news comes to you just in time to take action. The MRO price surged shortly after this announcement but that was short-lived. You can choose to sell your tokens in the build-up to the token swap or join the Altilly exchange and move your coins there so that you can get the automatic token-swap. I personally will sell. Either way, it is important that you do not keep our MRO tokens in Coinomi (the wallet that was originally recommended for MRO hodlers) because after Nov 20th, you will not be able to swap them from there, so take action asap.

The website of Bitcoin Token is now live, you can check it out here.

Trezor Model T Complete Setup and Restore Guide 2019

I finally found some time to record an up-to-date tutorial on the latest Trezor device, the touch screen Model T.

It’s been quite a while since I’ve done a tutorial for the Trezor. Their first device was launched in August 2014 (by SatoshiLabs) and it was the world’s first Bitcoin hardware wallet. It offers a combination of secure offline cold storage, as well as the ability to spend tokens with a similar convenience as a hot wallet.
There are two models currently on the market – “Trezor One” and “Model T
In this video I will be showing you the latest – model T, with the latest firmware. It has a touch screen functionality, which is an upgrade from the older, Model One. It also incorporates instant coin-swap function with the help of third party services like Shapeshift and Changelly – both of which I have reviewed in my previous videos and in the past it was criticized for the small selection of coins it supported but the year is 2019 and you will find that the latest firmware of both devices supports over 1000 cryptocurrencies, so this is no longer an issue.

So this is my complete step-by-step tutorial from start to finish and I will be showing you how to get it set-up, key features and how to wipe out the device (should you need to) and also how to restore it in case you had it damaged and need to use a new device with the old device information so you do not loose your coins.
Hope you’ll enjoy this guide and it will help you with the setting up of your device.

Alternatives to Shapeshift for Instant Coin Swaps

We just learned today that Shapeshift – the most commonly used service for quick and easy “coin swaps” is imposing a registration (and accompanied KYC process) which was immediately met with criticism and opposition among the crypto-twitterverse.

In short, ShapeShift’s CEO Erik Voorhees admits, that the compulsory registration is a painful but measure, dictated by the unclear regulatory landscape. He explains how this goes in hand with user requests for more information about their activity while giving them “benefits” for loyalty.

With these news came the need for this article and I offer you a few alternatives here. I listed the few I have used and I found some new ones. A common issue amongst users seems to be the fees they pay. Each of these services is run by a company and they will all have fees so frankly, that is not something you can avoid when working with a coin swap service. It’s the ease of use they provide and they will charge you for it. The fees are usually included in the price tag so when you are making a transaction, you don’t have add-on fees. Make sure that you are happy with the amounts you see on your screen and double check everything before making a transaction, that’s a must. Otherwise the way to use them is intuitive and simple. Watch my video below to see what I mean.

LIST OF COIN-SWAP SERVICES WITHOUT THE NEED TO REGISTER:

Changelly

This Prague-based crypto exchange is possibly the most trusted and established competitor to Shapeshift. It offers dozens of alt coins including Ethereum, Litecoin, Bcash, Ripple, Doge, Dash, Monero and Neo.  Its services are being utilized by Coinomi Wallet and others.
An email address is required to use the service, but for those who desire their privacy, encrypted email providers like Protonmail are always an option.
Overall feedback is okay, it’s the biggest number of reviews from the list below and the main issue of most customers are the fees as expected. From my experience the fees are pretty much the industry standard. The other services aren’t any cheaper. The fee depends on the coin you exchange and it’s included in the total price. Despite not having the best rating, it sits on the first place in my list as I’ve used it the most.


Changenow

A more recent addition to the coin-swap industry is Changenow. Somewhat similar to Changelly, but it seems to be asking less questions, and has been operating smoothly since late last year. A wide range of popular alts is covered, as well as a handful of less popular and even obscure ones. Generally there is no need to register to use the platform or to supply an email address. However there are some exceptions when larger amounts are being detected : Changenow “uses an automated risk management system to check all transactions. Each case will be considered individually. According to European AML directives, KYC regulations and platform requirements, we will ask you to provide you a scan of your ID document valid in your country and additional information of the funds origin.” Customer feedback is mixed, again the most complaints are about fees.


Coinswitch

With over 300 cryptocurrencies covered, Coinswitch makes a great first impression. However, the service uses existing platforms including Changelly, Shapeshift, Kucoin and Hitbtc. Not enough information regarding the developers yet and their twitter seems to be weak (only about 2000 followers as of Sep.18) so it’s still in need of marketing and growing a customer base but on the plus side, their YouTube channel offers quick & simple tutorials to ease the user’s experience. Overall feedback is excellent but not too many reviews (yet). One of the services it uses is Changer which brings me to my next listing.


Changer

With over 10 different deposit options, a decent coin selection and third party services like AdvCash, Payeer and Perfect Money, this service is seems to offer something rather versatile. Users can pay with their money from these online banks without the need of using a credit or debit card and the switch between currencies is also easy. However, there are some scam claims from customers and their overall feedback isn’t great. They boast about being in service for 9 years (they added crpyto in the last year) and by the look of it, they do it the old-fashioned way – no twitter, facebook or telegram (what is telegram? lol), just a good old-fashioned website with an email helpdesk…


Flyp.me

A brand new service that offers 26 cryptocurrencies including BTC, Dash, and LTC, as well as a handful of extremely obscure altcoins. Right now there is no registration needed, not even an email address. Nor does it use web trackers or third-party analytics which is good. However, as young as this service is, there is zero feedback (as of Sep.18) on its performance. Their twitter seems to be doing well (over 3K followers as of Sep.18).


SimpleSwap

Another completely new service that has little presence on social media and has yet to find its audience. There’s no information about their dev team on their website and their Reddit is vague, no comments there, a tiny following on facebook (125 likes to date) and twitter… however, their feedback seems very positive… perhaps too positive in fact. Well, I am not so sure about this one, if you have experience, please share it.


Godex

And lastly I will mention this obscure service provider. By obscure I mean, there are no details as who is behind the service, how it’s operating or where it is based even. Their “about us” section is about the service, not the team and point of contact is an email. Yet again there’s excellent feedback this time coming from just 33 people (to date). Perhaps their fanclub? I would not recommend it at this point but do share any experiences if you can.