Categories
Grind Money

A Guide to NFTs, and How They Are About to Revolutionize Pretty Much Everything

When first explaining NFTs, one usually starts with the following sentence:

NFTs stand for “non-fungible tokens”. 

A perfectly natural place to start, no?

But trying to understand an NFT through the expansion of its abbreviation is like answering the question “what is an mp3?” with “it’s a MPEG Audio Layer-3.” 

Well, yeah… but that answer doesn’t quite get to the meat of the thing.

A better answer? An mp3 is a file type that completely revolutionized entire industries by changing the way we share and consume audio. 

Yes, NFTs are “non-fungible tokens”. And sure, understanding what fungibility means is helpful (and we’ll get to that shortly). But it doesn’t quite get to the meat of the thing.

A better answer?

NFTs are a type of token that are going to completely revolutionize entire industries by changing the way we share and consume pretty much everything.

OK fine. Let’s get technical for a second.

A “fungible” asset refers to something that is interchangeable with another unit of that same asset. A good example of a fungible asset is the US dollar. If I exchange my $1 bill for your $1 bill, nothing really changes. While they are two different pieces of fancy paper, both bills represent the same exact value. That’s fungibility. 

Conversely, a non-fungible asset refers to something of a distinct value. There are no two exactly the same. A good example of a non-fungible asset is a house or a car. 

A non-fungible token is where things get really interesting.

Bring on the blockchain

Blockchain technologies allow us to implement a lot of radically new ideas that weren’t before possible. The first and so far most popular of these implementations is the creation and distribution of tokens. Perhaps you’ve heard of one called Bitcoin.

Bitcoin is a good example of a fungible token. One bitcoin is one bitcoin is one bitcoin. 

On the other hand, a non-fungible token allows us to create a digital certificate that represents a unique asset. We can attach these tokens to pretty much anything, including digital files—say, a photo, a video, an audio recording, or even this article. 

This allows us to create proofs of authenticity for digital content that can be owned, bought, sold and traded. Because these tokens are stored on an open and distributed blockchain (such as Ethereum), their embedded metadata and transaction history are completely verifiable by anyone in the world with an Internet connection. That means we can all know what digital wallets own what tokens at any given point in time. 

The implications of this are truly infinite, and we’ve just begun to scratch the surface of possibilities. So far, non-fungible tokens are being used to create industries around digital art, collectibles, gaming skins, digital land, and many many more.

Wait, digital art?

Yes. 

A great place to begin our journey into NFTs is in the now-exploding world of NFT art. As we now know, we can create a non-fungible token that acts as proof of authenticity for any digital file. So let’s say I jumped into Photoshop and made a really cool picture of a happy face. In fact, I’ve done exactly that…

https://zora.co/chaim/659
Matthew Chaim

Pretty dope, no?

Now, this happy face exists as a JPG file that I created in Photoshop, saved onto my computer, and uploaded onto this article’s web page. You, the reader, can easily drag this file onto your own desktop. Boom, there are now two copies of the “happy.jpg” on two different computers. This can be done a million times over by a million more people. Up until the advent of NFTs, this rendered the value of digital files near zero. If everyone owns it, no one owns it.

Enter NFTs, and everything changes

This time, after creating my happy face image, I mint it on the blockchain — a fancy way of saying that I turn it into an NFT. In fact, I’ve done exactly that.

Matthew Chaim

Now there is a 1 of 1 proof of authenticity certificate for “happy.jpg” that exists on the Ethereum blockchain, securely housed in my digital wallet. Anyone can verify this to be true on websites like Etherscan, which pull in the transaction history of everything done on the Ethereum blockchain. I can choose to put this 1 of 1 NFT of “happy.jpg” up for sale, and anyone can bid on it or buy it right away at its listed price. 

“But wait! I can still copy and drag the file onto my own computer a million times over. Why would anyone want to buy it?”

This is the initial reaction most people have when they’re first introduced to NFT art. Why would anyone want to own digital art if it can be infinitely copied and consumed by everyone?


Well, as the current owner of the “happy.jpg” NFT, I would like to say: please copy it! In fact, put it all over the Internet! Share it with all your friends! Turn it into a meme I beg of you!

Capturing the value of the Internet
Trevor (@whatdotcd)

The blockchain is the Louvre

NFTs allow us to completely transcend the supposed conflict between scarcity and abundance. We can now truly have our cake and eat it too. Content now gets to be both scarce and abundant. 

By creating a rare 1 of 1 NFT that represents a potentially famous and ubiquitously consumed file, we open the doors to capturing the value of viral content. Not by necessarily monetizing each instance that content is consumed, but by the value of that original NFT going up with the cultural significance of its associated art. 

It is like owning a Lebron James rookie card. You don’t own Lebron James. Everyone everywhere gets to watch him play basketball. But as Lebron’s stock in basketball and culture goes up, so does the value of the rare rookie card you own. 

The same is now true for memes! How glorious.

Another analogy that lands for some — and helped me understand all this as I first entered the world of NFTs — is that of the Mona Lisa.

So you might say, “I can just screenshot the happy.jpg image!” Yes, you can. You can also take a photo of the Mona Lisa with your phone. But you wouldn’t claim provenance over the Mona Lisa. In fact, the more people share their iPhone pics of the Mona Lisa, the more the painting’s cultural relevance continues to grow, and the more value the original painting has. 

We just all instinctively trust that the Louvre holds the real Mona Lisa. As @whatdotcd said in a recent Clubhouse room, “the blockchain is the Louvre.” Meaning, the open and distributed nature of a blockchain allows us to verify and trust the history and ownership of digital content, the same way we trust that the Louvre holds the real Mona Lisa.

Taking the mental jump into a whole new world

This is all very new to us, especially since we’ve all grown up in the first iteration of the Internet — an age in which we’ve learned to see digital content a certain way. There is, therefore a mental jump that we all have to take to understand these new concepts and to begin to truly taste their implications for ourselves. 

But rest assured, our grandchildren will not have to make this same mental jump. They will grow up in a world where digital content feels as distinct and tactile as physical objects do to us. 

What happens then? I for one can’t wait to find out.

A lay of the land

We will do a subsequent post on the emerging platforms in the NFT art world. If you’re itching to get exploring right away, here are some of the most popular NFT art marketplaces to get you going: 

SuperRare — Highly-curated 1-of-1 edition NFTs. The “gold standard” in the current NFT space. 

NiftyGateway — Fast-growing NFT market leading the pack in sales volume. Highly-sought after daily NFT drops, with popular visual artists and now celebrities getting involved. One of the few NFT platforms that accepts USD / credit card as payment.

Zora — Feed-style NFT platform in which the market of each piece is baked into the NFT itself and not run by the platform. Zora therefore doesn’t take a transaction fee on each sale like the other platforms. Creating NFTs is open for everyone. The Zora protocol is also open for anyone to build on.

Foundation — Beautifully designed and curated NFT marketplace with reserved bidding that, once met, unlocks 24-hour auctions. Creating NFTs is currently invite-only. 


Rarible — The most open and permissionless NFT marketplace. Anyone can create an NFT right away without needing an invite, and a roadmap is in place to make the platform community-run.

Makersplace — An invite-only creator NFT platform that accepts both Ethereum and fiat currency. Recently partnered with Christie’s auction house to sell the first fully digital piece at Christie’s, by artist Beeple. 


KnownOrigin — Quality NFT art platform with multiple weekly drops. Offers accepted in ETH.

Categories
Grind Money

What Is Dr. Dre’s Net Worth?

When he first came around in the 1980s as part of World Class Wreckin’ Cru and N.W.A., predicting the way that Dr. Dre’s career ended up panning out would have been impossible. Three and a half decades later, Andre Young has earned himself a net worth of $820 million. Here’s how he did it.

Music

Throughout his career, Dre has sold millions of albums and singles and been a part of some classic tours.

Songs like ‘Still D.R.E.’, ‘Forgot About Dre’ and ‘The Next Episode’ from his 1999 album 2001 still make him a lot of money with big royalty checks today.

It’s also worth noting that Dre has produced big singles for other artists. A few months ago, KXNG Crooked was talking about working with Dr. Dre and implied that a beat from him costs $250k. Of course, when things get to that price, it’s rare that a musician actually makes that every time they do a song, usually settling for a lower price for a frequent collaborator or a trade of some sort.

Aftermath Entertainment

Although he’s undoubtedly made millions of dollars over the span of his own career (both with his own music and production for other high profile artists), Dr. Dre has been one of the Hip-Hop artists that has really proved how much other ventures can be financially lucrative.

In March of 1996, Dre left Death Row Records over concerns about Suge Knight’s financial situation. The same month, he teamed up with Death Row’s distribution label Interscope Records to form his own label, Aftermath Entertainment. The same year, he signed Group Therapy, The Firm, RBX, and King T to the label. None of those are massive names but were a great foundation at the time.

To date, Aftermath has been the home of some of the biggest names in the music industry. Some of its former acts include 50 Cent, The Game, and Busta Rhymes. Today, it’s arguably more successful than ever. Current acts under the label are Eminem, Kendrick Lamar, and Anderson .Paak. Em has been signed since 1998, Kendrick since 2012 and .Paak since 2016, which means that Dre has made millions off of his own artists. As he bragged on ‘Talk About It’, “still got Eminem checks I ain’t opened yet”.

Beats By Dre

In the summer of 2018, Dr. Dre and Jimmy Iovine launched the first line of Beats By Dre headphones, a company that they had founded two years prior. The line consisted of Beats Studio, Beats Tour, Beats Solo, Beats Spin, Heartbeats, and Diddy Beats, the latter pairs being collaborations with Lady Gaga and Diddy, respectively.

For years from that point, it wasn’t unusual to see Beats ad placements in many of the biggest music videos like Keri Hilson’s ‘Knock You Down’, Nicki Minaj’s ‘Pills N Potions’ and Soulja Boy’s ‘Turn My Swag On’, to name a few. Over years, with these placements and collaborations with many celebrities like LeBron James Lil Wayne, they had made a massive name for themselves and Apple took notice.

In May of 2014, it was reported that Apple was in negotiations with Beats to purchase them for $3.2 billion, which would be their biggest purchase of all time. The deal was officially announced soon after, with $400 million paid in Apple stock and the rest in cash. Dre owned 20-25% of the company at the time and the deal is widely known for dubbing him Hip-Hop’s first billionaire.

In 2018, Dre appeared at #98 on Forbes’ list of the year’s highest celebrity earners with $35 million. That was based only on the money he was still making from the Apple deal and music income from his back catalog.

Categories
Grind Money

What Is Drake’s Net Worth?

Coming into Hip-Hop, Drake’s story was as unlikely as any. He was a Canadian, Jewish former teenage actor who rapped and sung the other half of the time. It wasn’t exactly a recipe for success, but it worked out better than he could have even dreamed anyway. Since released So Far Gone and signing with Young Money in 2009, Drake has become a household name, and in his near-fifteen-year career, he has amassed a net worth of approximately $180 million.

Live Shows

Just like any artist, touring makes up the biggest piece of the pie for Drake when it comes to music anyway. It’s been a decade now of Drake’s live shows being some of the most in-demand in music. He toured his first album, Thank Me Later on the Away From Home Tour, 79 shows across 4 legs. He did $8 million at the box office there.

Drake hopped on the Club Paradise Tour for his sophomore effort, named after a loosie of his from that era, which fans consider a classic song. Opening for him was a who’s who in Hip-Hop at the time. J. Cole, Kendrick Lamar, A$AP Rocky, Meek Mill, 2 Chainz, and more were on the bill for at least one of the legs. Though he performed 14 fewer shows than his first headlining tour, he made 5x as much at the box office. He grossed $42.6 million.

Next up came Would You Like A Tour? The artist performed around the same as his previous tour at the box office. On that tour, he performed Nothing Was The Same in its entirety, and of course, on the album’s first single ‘Started From The Bottom,’ he raps, “now I’m on the road, half a million for a show.” Technically it lasted from 2013-2015, but in between, Drake went on tour with his mentor Lil Wayne for the Drake vs. Lil Wayne tour. Together, the pair did 31 shows with a back and forth setlist credited with being VERZUZ before VERZUZ.

For his next set of shows, Drake co-headlined with Future on the Summer Sixteen Tour. The two grossed a whopping $84.3 million across the 54 shows, with 6 shows being canceled due to an ankle injury from Drizzy.

The rapper’s next tour was smaller, just 43 shows outside of North America. As a result, he made $55 million at the box office from January to November 2017.

To tour his 2018 album Scorpion, Drake headed out on the Aubrey & The Three Migos Tour with the Atlanta trio. The pair grossed $100 million in 54 shows, a record for them to date.

Finally, the rapper took another trip overseas for Assassination Vacation. Around 285k people came to see him across the 23 shows, which put up $33.8 million at the box office.

Business Ventures

Live shows are great, but the rappers who appear most frequently at the top of Forbes lists – Diddy, JAY-Z, Dr. Dre, etc. – make the vast majority of their money outside of music. To achieve his financial aspirations, Drake has taken note and has an incredible business portfolio that consists of clothing lines, restaurants, and more.

His label OVO Sound was founded in 2012 and houses artists like PARTYNEXTDOOR, dvsn, Majid Jordan, Popcaan, and more. Along with the label under the October’s Very Own (OVO) brand is a line of merchandise that could be considered a clothing line for any other artist. Notably, the rapper also had a deal worth $20 million with Apple Music for OVO Sound Radio to be exclusive to Apple Music 1, which was called Beats 1 Radio at the time.

The rapper was also made the Global Ambassador for his favorite team, the Toronto Raptors, in 2013. There’s no word on what he was paid for the role, but on ‘0-100’, he rapped, “fuck all that ‘rap to pay your bills’ shit, yeah, I’m on some ‘Raptors pay my bills’ shit.”

One of Drake’s biggest ventures outside of the studio has been Virginia Black, his bourbon whiskey that made our best celebrity alcohol brands list.

Sponsorships

In terms of brands that have aligned themselves with the rapper over his career, Drake boasts some big names. Jordan has supported the rapper, as has Nike separately. Early on in his career, he also had a big deal with Sprite, which he bragged about on ‘The Resistance,’ rapping, “I avoided the coke game and went for Sprite instead, that’s word to the millions that they putting up.”

All in all, at 34, the rapper is already one of the richest on the planet and is set to enter the top tier with the likes of the billionaires if he continues down the path that he’s on.

Categories
Grind Money

What Is Jake Paul’s Net Worth?

Say what you want about Jake Paul, but for someone who gets criticized a lot, he’s definitely doing something right. He only just entered his mid-twenties in January of this year when he turned 24 and to date, he’s achieved success on Vine and YouTube along with music and professional boxing. Through it all, he has amassed a net worth of $20 million.

Vine & Disney

Jake Paul started on Vine when he was just sixteen years old. His older brother Logan was also on the platform, which certainly gave him a head start. When Vine was shut down in 2017, Jake had 5.3 million followers and a total of a mind-blowing 2 billion views.

His Vine success caught the eyes of Disney, who hired him for their Bizaardvark series. In many ways, his character was reflective of who he would become in real life. Jake played Dirk Mann, the star of Dare Me Bro, who did any dare that he was given. It reflected his role in YouTube and boxing, someone willing to push the limits for attention and acclaim.

He played on the show for one and a half seasons before he was fired. In 2017, the year he started the show, Forbes estimated his earnings at $11.5 million, putting him at number 7 on their list of the highest-paid YouTube stars.

YouTube & Music

Although he started to get more known on YouTube after Vine became a thing of the past, Jake had a YouTube account since 2014. Things really popped off for him when he launched Team 10 and put out a single called ‘It’s Everyday Bro.’ In one month, it had 70 million views. To date, it boasts over 285 million views. This contributed greatly to the $11.5 million he reportedly earned that year.

While vlogs make up some of Jake’s most viewed YouTube videos, the majority is music. In fact, seven of his top ten most viewed videos are songs. Jake has had enough success with music that in the summer of 2018, he toured the United States with Team 10, performing music. That year, Forbes estimated he made $21.5 million, putting him at #2 on their list of highest-paid YouTube stars, behind Ryan ToysReview by just $500k. Forbes credits his earnings largely to his merchandise and the 3.5 billion views he had on his channel.

Boxing

Despite his success in his other avenues, Jake has been most focused on boxing for the past 2-3 years. His first fight was an amateur fight, where he and Deji fought as the co-main event on their brothers’ headlining fight. There’s no word on what Jake was paid for that fight specifically, but it was estimated to bring in $3.5 million in ticket sales and sold just over 1 million PPV buys. Jake certainly made hundreds of thousands of dollars in base pay, and perhaps he got a cut of the buys too.

For his next fight, Jake took on AnEsonGib in his first pro fight. He won the fight in the first round via the three knockdown rule.

His next fight against former NBA player Nate Robinson was another co-main event under the Mike Tyson and Roy Jones Jr. exhibition fight. It was reported that Jake earned a guarantee of $750k for the fight, which he also won in the very first round. Jake said that he had a deal that got him paid based on how well the event did, and he claims he paid $10 million+ from it.

In March of this year, Jake fought former UFC fighter, Ben Askren. It was the first time Jake had been the main event on a card, and he showed up and showed out. He was guaranteed $690k with PPV points. It was reported that the Triller event did a massive 1.45 million buys, but this was heavily disputed, with many pointing out Triller’s history of exaggerated numbers. Either way, the backend money certainly took Jake’s purse into the millions.

At the time of writing, Jake is set for his biggest fight at the end of the month. On August 29th, he takes on former UFC welterweight champion Tyron Woodley. There’s no word on exact purses, but Jake will undoubtedly walk away with millions, win or lose.

Categories
Grind Money

What Is Joe Rogan’s Net Worth?

Joe Rogan went from being known to MMA fans as a UFC commentator, to being known to many households in America as the host of Fear Factor, to be known worldwide for being the host of the biggest podcast on the planet, The Joe Rogan Experience. Throughout all of the endeavors in his illustrious career, he has earned himself an estimated net worth of $100 million. Here’s how.

UFC commentary

Joe Rogan started with the UFC in 1997, when he was responsible for handling backstage and post-fight interviews. He stayed in that role for a couple of years until he quit because his salary couldn’t cover the travel, which he had to pay for out of his own pocket.

Rogan was still a fan, though. Therefore he continued going to events. When Zuffa purchased the UFC in 2001, Rogan made friends with the President of the company, Dana White. Seeing how big of a fan of MMA he was, White offered Rogan a job as a color commentator. Rogan declined, wanting to continue to watch fights purely as a fan. Eventually, they came to a deal where Rogan would work for no money instead of receiving tickets for himself, friends, and family, which the pair felt was a good balance for them both. He did this for fifteen events until he started receiving a salary.

Of course, in the years since he started doing that, his popularity has increased tenfold. Nowadays, Rogan only handles UFC PPVs in the States, and even then, he skipped the last one, which took place in Texas. There’s no word on what exactly his contract states, but some have speculated that Rogan earns a massive $500k for each event he commentates, which would total to around $5-6 million in a year for 10-12 nights of work. Those numbers sound insane but aren’t too far-fetched. He certainly gets paid more than the vast majority of UFC fighters get paid to fight, which you could argue is fair considering his star power and time with the company.

Comedy career

Another massive earner for Joe Rogan is his comedy career. From 2000 to 2018, Rogan has released 10 comedy specials, the first being released on CD and DVD and the last couple being exclusive to Netflix. Although there are no confirmed numbers for the Netflix deal, it’s worth noting that Dave Chappelle received $40 million on two occasions for a pair of comedy specials each time, meaning $20 million per special. Although Rogan doesn’t hold the weight that Chappelle does in comedy, it’s not unreasonable to think that Rogan’s star power and cult-like fan base managed to get him around $5 million per special.

The Joe Rogan Experience

In 2009, Rogan started a free podcast with Brian Redban, who later left the show. A couple of years after its inception, the show was picked up by SiriusXM, this after it was featured in iTunes’ list of the Top 100 Podcasts. In January of 2015, the podcast was downloaded 11 million times, and 9 months later, it was downloaded 16 million times in October. By April of 2019, Rogan claimed that the podcast was being downloaded 190 million times monthly. The growth was exponential. That same year, the podcast was indisputably the biggest on the planet and made a reported $30 million.

Famously, Rogan signed an exclusive deal for the podcast with Spotify in May of 2019. It was announced that the podcast would live there from September of the same year, which was met with some murmur about whether this would mean Rogan would be censored to some extent. The deal was reportedly worth $100 million, making it one of the biggest in podcast history. It was enough for Rogan to move from California to Texas to allegedly avoid the income tax. He also bought a home in Lake Austin worth $14 million.

Former guests on the show include Kanye West, Robert Downey Jr., Dave Chappelle, Mike Tyson, Elon Musk, and many more stars.

All in all, Rogan has made enough money in his lifetime to never work again, and any one of his endeavors on their own could make him enough money to live comfortably, but he continues to be a man that wears many hats.

Categories
Grind Money

What Is Tyler, The Creator’s Net Worth?

Fresh off of the release of his last album, CALL ME IF YOU GET LOST, Tyler, The Creator is the man of the hour in Hip-Hop at the moment. His sheer creativity is showing itself more than ever right now, especially with his performance at the BET Awards, which the general consensus said was the best of the night. Though his wider respect has only come in the last few years, Tyler has been around for a little over a decade now. In that time, he’s accumulated an estimated net worth of approximately $16 million. Here’s how he did it.

Music & Touring

Since entering the game with Bastard in 2009 and dropping his debut album Goblin in 2011, Tyler, The Creator’s commercial success has only seen growth. Goblin sold around 45k copies the first week. His next album Wolf came two years later and with it, he sold roughly 89k copies the first week. For CHERRY BOMB, which split fans right down the middle, there was a slight dip, with Tyler selling just 51k copies the first week. No matter though because with another one of his famed two-year gaps between albums, Tyler returned with the critically acclaimed Flower Boy which sold 106k copies the first week. That’s an important one because it marks Tyler’s first album since streaming was really introduced. 70k of that number came from pure sales though, with the artist’s fanbase being extremely loyal. For his next album Igor, Tyler moved a very respectable 165k copies in its first week of release. With his most recent LP, Tyler managed to sell around 177k copies, continuing his streak of increasing each number.

Just like how for the most part, Tyler, The Creator’s albums became more and more commercially successful, the same can basically be said for his supporting tours. He’s yet to tour his most recent effort for obvious reasons, but for his last tour, Billboard reported that Tyler sold 225,703 tickets over the course of the 31-show tour which grossed him $12.8 million. He averaged around $414k per night on the tour for Igor, which contributed very nicely to his $16 million net worth.

Golf Wang Clothing Line

It shouldn’t surprise you that Tyler is a creative – it is part of his name, after all. One of his earliest avenues for expressing himself was by designing clothes when he was a child and now, a decade and a half later, he’s turned his own clothing line into one of his most successful endeavors.

In an interview with Ebro In The Morning in 2015, Tyler was asked if he could live comfortably just off of the money that was coming in off of his Golf Wang clothing line and he responded yes. That’s pretty insane considering it wasn’t even taking Odd Future merchandise into account and considering the fact that touring is usually the be all end all for musical artists.

Tyler’s uniqueness shines through in not only the designs but the philosophy around his clothing. He’s been quoted as saying that if famous people wore the line it “could be the worst thing possible” because he doesn’t want to become a trend that comes and goes. Caring as he does is exactly why Golf Wang is so lucrative for him.

Sponsorships

Tyler has a ‘no fucks given’ attitude, sometimes to a fault in his career. His musical content has matured along with him, but some things will live with him forever. You couldn’t fault Tyler for not being aware of this though. For years, his Twitter handle was @fucktyler, but he changed it to @tylerthecreator a few years ago. It was a business decision.

“My stock just went up because of that name change and only idiots won’t understand that,” he said. “How can I contact corporations like ‘yo, invest a bunch of money in me, I got a bunch of really good ideas’… that first impression is automatically out the window.”

Despite a somewhat controversial past, Tyler has been with some big brands in the past. For years he was with Vans, a brand he genuinely wore and he felt saw his vision. However, he hit a ceiling there. “Vans wouldn’t let me grow,” he said. From there, he made the jump to Converse and he has released a few pairs of sneakers with the brand.

Categories
Grind Money

The 15 Highest-Paid Athletes Right Now

The influence and impact of the professional athlete have changed over time. Some athletes reach superstar status in their sport and have recognized the influence and reach that they possess. It makes them an instant magnet for higher salaries on the court but also opens up endorsement and sponsorship opportunities. 

The highest-paid athletes come from different sports and also earn in different ways. Some athletes like tennis superstar Roger Federer primarily make their income from endorsement deals, while other athletes such as Tom Brady and Russell Westbrook take home more in salary. Here are the highest-paid athletes in the world at the moment. 

*Forbes, Spotrac, and Sports Reference were used for salary and off the field earnings information.

1. Conor McGregor, Total Earnings: $180 million

Salary/Winnings: $22 million, Endorsements: $158 million

One of the top fighters in the MMA realm, Conor McGregor did well for himself in business. He founded Irish whiskey distiller Proper No. Twelve in 2018 which he sold earlier in 2021 for $150 million. McGregor is also a major box office draw in the fighting arena. He made $22 million for fighting Dustin Poirier in January of 2021.

2. Lionel Messi, Total Earnings: $130 million

Salary/Winnings: $97 million, Endorsements: $33 million

Lionel Messi has accomplished a lot and then some in the sport of soccer. He’s won FIFA’s Player of the Year a record six times. The captain of Barcelona as well as the Argentina national team, Messi’s huge earnings mainly come from his salary. He reportedly has a contract with Barcelona that pays him $168.5 million per season. Deals with Anheuser Busch, Adidas and Gatorade also contribute to his status as a top-two earning athlete.

3. Cristiano Ronaldo, Total Earnings: $120 million

Salary/Winnings: $70 million, Endorsements: $50 million

In the middle of a four-year, $64 million contract with Juventus, Cristiano Ronaldo is an unrivaled brand name in sports. A five-time Ballon d’Or award-winner with 770 career goals, Ronaldo also has a lifetime deal with Nike and has earned over $1 billion in career earnings. The 36-year old forward has sponsorship deals off the field with Unilever, DAZN and MTG.

4. Dak Prescott, Total Earnings: $107.5 million

Salary/Winnings: $97.5 million, Endorsements: $10 million

A former fourth round pick, Dak Prescott exceeded expectations for his career, making two Pro Bowls in his five-year career. Though he’s still on the mend from a season-ending ankle injury last year, Prescott signed a four-year contract extension worth $160 million. 

Prescott has also been a major marketing tool in the NFL with endorsement deals with the likes of PepsiCo, Beats Electronics and AT&T. He also just recently agreed to terms with Jordan Brand on a contract.

5. LeBron James, Total Earnings: $96.5 million

Salary/Winnings: $31.5 million, Endorsements: $65 million

With four NBA titles and three NBA MVPs, LeBron James is in rare company and at 36-years old has a slight chance at breaking the NBA’s career scoring record. Off the court, James is still a mega hit, raking in earnings from deals with brands like PepsiCo, Nike and Beats Electronics. 

The 17-time All-Star has built his own media empire with the development of production company SpringHill Entertainment and media company Uninterrupted. James’ portfolio doesn’t stop with a 2018 launch with several other athletes in Ladder, a health and wellness company as well as investments in the Blaze Pizza franchise.

6. Neymar, Total Earnings: $95 million

Salary/Winnings: $76 million, Endorsements: $19 million

There aren’t many soccer players that can measure up to Neymar on the pitch. The forward is just as lethal off the field with sponsorship deals with Puma, Qatar Airways and Redbull. He also added more attention to his name with an appearance in popular video game Fortnite. Neymar has won the Samba Gold award four times in his career. He also recently signed a contract extension with PSG worth around 30 million Euros. 

7. Roger Federer, Total Earnings: $90 million

Salary/Winnings: $30K, Endorsements: $90 million

Endorsements are a game-changer for Roger Federer compared to most of his peers on this list. The 20-Grand Slam men’s singles title winner takes in most of his earnings from endorsements. Federer has a 10-year, $300 million deal with Uniqlo, and also has contracts with LVMH Moët Hennessy Louis Vuitton, Barilla, and Mercedes-Benz.

8. Lewis Hamilton, Total Earnings: $82 million

Salary/Winnings: $70 million, Endorsements: $12 million

Arguably the most significant name in Formula 1 Racing, Lewis Hamilton has endorsement deals with Puma, Mercedes-Benz and Tommy Hilfiger. Most of his earnings come from his racing success. He holds the joint-record of seven World Drivers’ Championship titles. Hamilton also has his name in the history books with the most wins (98), pole positions (100) and podium finishes (169). Considered the greatest driver of all time, Hamilton’s influence in the sport is a huge factor in his place on the list.

9. Tom Brady, Total Earnings: $76 million

Salary/Winnings: $45 million, Endorsements: $31 million

A seven-time Super Bowl champion, Tom Brady is just as creative off the field as he is on. Brady has endorsement deals with T-Mobile, Under Armour and Fanatics. The 43-year old quarterback recently signed a contract extension with the Tampa Bay Buccaneers. He will make over $41 million in salary for next season and also has branched out with his TB12 lifestyle brand, Autograph, an NFT company and 199 Productions, a media imprint. 

10. Kevin Durant, Total Earnings: $75 million

Salary/Winnings: $31 million, Endorsements: $44 million

In the second year of a four-year, $164 million deal with the Brooklyn Nets, NBA star Kevin Durant has successfully recovered from a ruptured Achilles tendon that cost him a full NBA season. The two-time Finals MVP has sponsorship contracts with Nike and Degree. He’s showcased a passion for entrepreneurship, investing in companies like Postmates, Coinbase, and Acorn while fronting his own media outfit with Thirty-Five Ventures. 

11. Stephen Curry, Total Earnings: $74.5 million

Salary/Winnings: $34.5 million, Endorsements: $40 million

Despite the Golden State Warriors missing the playoffs for the second consecutive season, guard Stephen Curry had a great individual season. The former two-time MVP was a finalist for the award and led the NBA in scoring with 32 points per game. The three-time champion’s brand off the court has grown with his own individual line for Under Armour, deals with Google and CarMax, and an equity partnership with beverage brand Oxigen. 

12. Naomi Osaka, Total Earnings: $60 million

Salary/Winnings: $5 million, Endorsements: $55 million

At the age of 23, Naomi Osaka has already made her mark in tennis. She is a four-time Grand Slam singles champion and is the first Asian player to hold the top tennis ranking in singles. Osaka has used her platform well, earning over $50 million in endorsements this past year while addressing mental health awareness and racism. 

13. Tiger Woods, Total Earnings: $60 million

Salary/Winnings: $200K, Endorsements: $60 million

Tiger Woods is tied for first in PGA history in PGA Tour wins and is second in men’s major championships. The golfer is on the mend from a car accident earlier this year that caused multiple fractures in his right leg. Woods earns $60 million in endorsement deals with brands like Nike, Bridgestone and Monster Energy. He just added another deal, signing a contract with EA Sports to add his likeness and name to the PGA Tour 2K franchise.

14. Russell Westbrook, Total Earnings: $59 million

Salary/Winnings: $33 million, Endorsements: $26 million

A player who puts up video game-adjacent numbers, Russell Westbrook is a triple double threat every night. The majority of Westbrook’s annual earnings comes from his NBA contract. The 2017 NBA MVP is still on the five-year, $207 million max deal that he signed back in 2017. A nine-time All-Star, Westbrook also has a signature shoe deal with Jordan Brand and owns several car dealerships in Los Angeles.

15. Patrick Mahomes, Total Earnings: $54.5 million

Salary/Winnings: $32.5 million, Endorsements: $22 million

A Super Bowl champion, Patrick Mahomes has achieved more than most NFL quarterbacks in a short amount of time. With just four seasons under his belt, Mahomes has played in two Super Bowls. The three-time Pro Bowler upped his earnings after signing a ten-year, $503 million deal last summer. Mahomes also has endorsement deals with many brands including Adidas, Bose, Electronic Arts, and BioSteel.

Categories
Grind Money

What Is Nate Diaz’s Net Worth?

There have been a lot of conversations about fighter pay in MMA in the past couple of years, spearheaded by fighters like Jon Jones and Jorge Masvidal at times. In the past week or two, Paulo Costa and current UFC Heavyweight Champion Francis Ngannou have commented on the difference in their purses to that of Logan Paul in his recent fight against Floyd Mayweather. When Nate Diaz was asked about Ngannou’s “what are we doing wrong?” comment, his response was, “what is he doing wrong?… I’ve been doing more right than all these motherfuckers for years and years. They should have been spitting all that ‘I need money’ shit a long time ago like I was… and what happened? The stock just raised anyway.” He’s not lying. Today, Nate Diaz boasts an estimated net worth of approximately $8 million.

Fight Earnings

But of course, it wasn’t always that way.

Diaz first debuted in the UFC on the TUF 5 Finale, fighting Manvel Gamburyan. He was given a check for just $16,000. If he had lost the fight, he would have made just $8,000 before taxes and paying coaches. A couple of fights later when he stepped into the octagon against Alvin Robinson, he had graduated to a $15k/$15k contract. He won the fight but also earned a bonus for Submission of the Night, which bagged him an extra $40k, totaling $70k for that fight.

The first time that Nate earned six figures in a fight was just over three years into his UFC career. It was at UFC 118 which was headlined by Frankie Edgar and B.J. Penn’s second scrap. The younger Diaz brother tapped Marcus Davis in round three, earning his $30k show money, $30k win bonus, and a $60k Fight of the Night bonus. Over the next few years, while he traded wins and losses, Diaz’s purses would fluctuate massively. In 2012 when he beat Jim Miller, Nate pocketed $147k but just under a year later after he was stopped by Josh Thompson, Nate made just $15k. That’s even less than his debut. This is just one of the issues that people have with the UFC’s show money/win bonus structure, it means that fighters get punished for losing in a sport where losing is far more acceptable than boxing, for example.

How Much Did Nate Diaz Make Fighting Conor McGregor?

When Nate Diaz filled in for Rafael dos Anjos against Conor McGregor, his purse for it versus up to that point were night and day. For the short notice fight against the then-Featherweight Champion and undefeated (in the UFC) Irishman, for the first time in his career, Nate made a flat fee of $500k. On top of that, his two bonuses for Fight of the Night and Performance of the Night earned him $50k each and Reebok paid him $20k. That’s $620k in total, a massive rise from his previous years with the company. That doesn’t include the PPV points that he might have gotten either. Now, with a win over the company’s biggest star, the ball was in his court.

Nate earned himself a flat fee of a whopping $2 million for the rematch five months later, easily his biggest purse to date. The FOTN bonus and his Reebok sponsorship made him $70k on top, and with PPV points included, he undoubtedly made an extra few million too. Nate’s total career earnings from his UFC fight purses add up to nearly $5 million.

Endorsements & Ventures

In terms of endorsements, Nate Diaz has been with some brands that are close to him. He’s had deals with Represent Ltd and Lodi Vintners. There’s also Game Up Nutrition, which is a CBD brand founded by Nate and his older brother Nick. They offer organic hemp-based products which match up with the disciplined lifestyle they both live.

Next Fight

Nate’s next fight takes place this Saturday at UFC 263, live from the Gila River Arena in Glendale, AZ. He fights Leon Edwards at 170lbs, by all accounts a very tough fight for him. There’s no word yet on what his purse could be, but in terms of the matchup, Edwards is on a big win streak and is one win away from challenging the dominant champion, Kamaru Usman. Nate is coming off of the loss to Jorge Masvidal in late 2019.

Interestingly, this fight is already historic long before it takes place. It’s the first UFC fight ever that is scheduled for 5 rounds despite not being the main event or a title fight. Some would argue that this suits Diaz and the way he weaponizes his cardio, but perhaps it only gives the Birmingham fighter more time to impose his own will. Only time will tell.

Categories
Grind Money

What is a Stablecoin?

Cryptocurrencies are a powerful financial tool, known for their privacy, digital utility and instant processing. But they are also notoriously volatile. Stablecoins solve that problem.

Would you want to carry $20 in your wallet if it went from $17 to $25 to $18 throughout the day? When you bring $20 to a night out bowling, you are prepared to spend it. When you look to make a purchase, there is a clear expectation of how much your cash is worth before you buy anything. In the world of crypto, the market needs a currency that can offer that same stability. Stablecoins accomplish that by tying themselves to fiat currencies and other stable assets.

The main advantage of fiat currencies is their price stability, so by tying a digital coin to fiat, you can get the advantages of both crypto and fiat currency. Stablecoins can also be tied to less volatile commodities like gold.

Different types of stablecoins:

Stablecoins can be collateralized (backed) by the fiat currency they are pegged to, or they can be tied to the fiat through algorithms that buy and sell the asset to match the price. They can also be pegged to other crypto currencies that are considered stable.

Fiat-backed Stablecoins

Fiat-collateralized stablecoins maintain a cash reserve of a fiat, like the US dollar, to issue their volume of coins. Example: If I have $500 million in USD, and I issue 500,000,000 coins using my coin’s algorithm, each coin is worth $1. That coin will always be consistent with the value of US dollars because it is backed by the cash reserve.

Tether is the most popular stablecoin on the market. It is also the third largest cryptocurrency by market cap, sitting at $63 billion. Tether offers different coins tied to popular fiat currencies like USD, EUR, and CNH. Tether also has a coin tied to gold.

Crypto-backed Stablecoins

Crypto-backed stablecoins are tied to fiat currencies, but backed by other cryptocurrencies rather than the fiat they are linking their prices to. These coins accomplish this by offering a higher number of coins for a lower number of stablecoins to account for volatility. They are frequently monitored and audited to ensure stability. MakerDao’s DAI is backed by ethereum, but its price is tied to the US dollar.

Example: if I have $10,000 worth of ether, I will allocate $5,000 worth of stablecoin. That way, ether could swing up and down as high as 50%, and I will still retain the value of the stablecoin.

Algo-backed Stablecoins

These coins are not collateralized by cash or crypto reserves. Rather, they are backed by algorithms that are constantly buying and selling the chosen currency to maintain a stable value. It will increase or decrease the supply of tokens to meet that expectation.

Stablecoins as a financial tool

How can you use stablecoins to boost your finance game? If you are anticipating a market dip (like the one we saw last month), you can reallocate your portfolio into a stablecoin like Tether. Then, wait to strategically jump back into the market.

Alternatively, if you need to make a quick purchase, you can take a piece out of your portfolio and convert it to stablecoin. Converting your crypto to traditional fiat can be expensive (lots of fees), so it may be easier to keep your currency digital and find a company that accepts stablecoins as a form of currency.

This is not a widely adopted practice yet, but e-commerce has a massive opportunity to adopt this. Using blockchain tech, merchants and consumers alike can find lower transaction fees with higher efficiency.

How Stablecoins help e-commerce

In late May, the Fed announced plans to research its own Central Bank Digital Currency (CBDC). It’s a press release that was really in the works for a while. I learned about US CBDCs for a client in 2019, and I still think there were talks of it before that.

Regardless, the prospects of a US-backed CBDC means a potential transformation for e-commerce. It would significantly reduce the need to convert digital money to paper money as online shopping and contactless transactions become more commonplace.

Stablecoin projects like Terra allow users to access lower fees, instant settlements, and seamless cross-border exchanges that compete with credit cards and banks. The coolest part about projects like Terra? Their coins are easy to spend, and with time, anyone can use them. It won’t require savvy users to operate. It would be as simple as buying a credit card or downloading an app.

We may see a future where many altcoins become stable assets. Bitcoin, on the other hand, is deflationary by design (there is a limited supply) and it would be very difficult to see long-term stability.

Yet, there’s really no need for popular altcoins to reach a point of price stability when stable alternatives exist. Stablecoins are (and will be) an important piece in the crypto puzzle.  

Categories
Grind Money

Binance vs. Coinbase: Which Platform is Better?

Let’s compare Binance and Coinbase side-by-side. Binance and Coinbase are two of the largest cryptocurrency exchanges in the world. Many wonder how the two platforms chalk up head-to-head. If you are looking to deep-dive into a crypto exchange platform, you most likely stumbled across these names along your research journey.

One company spawned in the tech-enthused towers of Shanghai, while the other emerged in the VC-ridden hills of Silicon Valley. Despite being two of the three largest crypto exchanges (Huobi Global is the other), Binance and Coinbase have two very different platforms built for different users.

Like many crypto-related products, Binance and Coinbase offer access to different coins and/or platform features based on user location. Some countries take a harder stance on retail trading for cryptocurrencies, whereas other countries completely embrace it.

That makes it difficult for exchange platforms to determine universal rules for all users. Sometimes, it runs them into legal trouble. It’s important to understand your local laws and regulations to determine whether Binance or Coinbase, or any other crypto exchange platform, is the best option for building out your portfolio.

Now we’ll take a closer look at the platform features, currencies offered, and the pros/cons of both Binance and Coinbase. Last, we’ll compare the ease of use and security for each platform. By the end of the article, we hope you will be able to 1) know what to expect from a coin exchange 2) understand what type of coin exchange fits your needs.

Coinbase Overview

Let’s look at Coinbase, the largest cryptocurrency exchange platform in North America by trading volume. The American company was founded in 2012 by Brian Armstrong, a former Airbnb engineer. Since its launch, Coinbase has grown from an obscure San Fran startup to a $86bn+ publicly traded company. The exchange platform now boasts over 43 million verified users and is the third-largest cryptocurrency exchange in the world behind Binance and Huobi.

Coinbase platform features

Coinbase operates in over 100 countries as both a mobile app and web platform on iOS and Android, Windows, Mac, and Linux. Coinbase allows you to buy, sell, exchange, send and receive its approximate 50 available cryptocurrencies. They also allow you to check prices and chart data for many other coins.

The remote-first company also offers Coinbase Pro with no upfront cost. It permits users to access premium features like lower fees, real-time charting tools and higher-level trading. So why don’t they charge you extra? It really depends on how much you trade. Coinbase Pro uses a maker-taker business model, where orders that provide liquidity (maker orders) are charged different fees than orders that take liquidity (taker orders).

Put simply, Coinbase makes its money off trader fees.

Coinbase currencies offered:

Coinbase offers about 50 cryptocurrencies to send, receive, and/or trade (what you can do depends on the coin). When you think about the more well-known coins like BTC, ETC and LTC, you can assume it’s on Coinbase. Other popular coins like DASH were added in 2019 as part of its growing portfolio of supported currencies.

The list is certainly not exhaustive, but it covers all the bases for a beginner-intermediate-level trader who does not want to dive too deep into the volatile world of altcoins.

Coinbase Pros:
  • Coinbase is an easy solution for users looking to purchase Bitcoin. In crypto, there is a slight barrier to entry for users with US bank accounts (regulations are slowly evolving). Coinbase makes it easy to link your bank account, buy crypto, convert your crypto to fiat and send it back to your bank account. It sounds simple, but the more you immerse yourself in the world of blockchain, the more you’ll appreciate a product that can efficiently accomplish that.
  • Coinbase is also a large player in the space, so you can trust their customer support and infrastructure. They will not respond immediately (none of them do), but their system as a publicly-traded company is robust enough to warrant some accountability.
  • Coinbase is highly liquid, making it a safe choice for investors in a volatile market. You can confidently expect Coinbase to retain your funds.
Coinbase Cons:
  • Unless you are a Coinbase Pro member, exchange fees are high. Coinbase charges 0.50% per trade, which is higher than most of its competitors.
  • Like most centralized exchanges, Coinbase controls user wallet keys. That means you technically don’t own your cryptocurrency, you own a digital asset that Coinbase is holding on your behalf. This is seen as a bad thing because it creates a higher security risk and goes against the original intention of decentralized currency.
  • Limited coin selection. Compared to other exchange platforms, Coinbase does not offer a large variety of altcoins for users. This is partly due to restrictions enforced by US regulators, but Coinbase is still adding more coins to its platform.
  • Customer service is slow. One of Coinbase’s advantages is its institutional-like infrastructure. That includes a deep customer service team. So you can trust them, but for whatever reason, they are still painfully slow. When you run into an issue that needs troubleshooting, expect to wait a few weeks to resolve it. Keep in mind: the industry standard for customer service in crypto is notoriously awful. Coinbase is no exception.

Coinbase is far from perfect. But for US users, it is a clear frontrunner. No other platform in North America can match their security, reliability, accessibility, and ease of use. The high exchange fees are not ideal, but that’s the price you pay for a low barrier to entry. More technical users can seek alternatives, but your everyday trader should be willing to pay a premium for a streamlined crypto exchange service.

If you haven’t already, you can sign up for a Coinbase account here.

Binance Overview

Coinbase is the largest cryptocurrency exchange in North America: impressive. Binance is the largest cryptocurrency exchange in the world.

Binance was founded in 2017 by developer and fintech entrepreneur Changpeng Zhao. The company was originally based in Shanghai, China, but moved its headquarters to Japan and then the Cayman Islands amid mounting pressure on cryptocurrencies from government authorities.

As a behemoth in the Bitcoin world, Binance has gotten a lot of press… both good and bad. They have also been targeted by regulators on numerous occasions. In May 2021, it was reported that the IRS and US Department of Justice investigated Binance for tax violations and financial crime.

Because of this strained relationship with US regulators, users based in US locations cannot access Binance services. Instead, US-based users must use their sister company binance.us, a more limited version of their flagship product.

Before you count off Binance for ethical concerns, it is important to put Binance’s journey into context. They are a major competitor in a fast-growing, previously unregulated market aimed at disrupting institutions and decentralizing financial systems. You are going to hit a few bumps along the way. And it is hard to find any multi-billion dollar company in the cryptocurrency space with a perfect track record. Plus, these clicky headlines have little impact on the actual user experience of Binance, which is quite popular.

So let’s take a closer look at Binance’s platform features, currencies offered, and the pros/cons of using Binance. Then, we’ll compare Binances’ ease of use, security, and product offers directly to Coinbase.

Binance Platform features:

Binance operates similar to Coinbase, as a mobile app and web-based platform. Users can trade over 500 cryptocurrencies and altcoins, plus access to high-level trading tools like limit orders, market orders, and margin trading.

Binance Currencies offered:

Binance offers over 500 cryptocurrencies. So too many to list here. But it is important to note how there are a few key cryptocurrencies not available on Coinbase that Binance offers like Harmony; Coinbase only recently added Dogecoin.

Binance Pros:
  • Binance offers some of the lowest fees in the industry. Users pay 0.02% to 0.10% purchase and trading fees compared to Coinbase’s 0.5%.
  • Binance has a plethora of options for both beginner and advanced traders looking to make different types of transactions.
  • Binance allows transactions for many different coins compared to other major competitors.
Binance Cons:
  • US customers cannot use Binance; they have to use binance.us, a significantly more limited product
  • Although Binance’s platform is useful for all skill levels, it can also be quite complicated to navigate because there are so many options. The UI is not as intuitive as Coinbase.
  • Binance has no built-in digital wallet.

If you do not reside in the US, you can sign-up for Binance here.

Binance vs. Coinbase: Ease of Use

Coinbase is the easier option for beginner retail traders. Think of Coinbase as the Robinhood of stock trading, and Binance as the Fidelity or Charles Schwab. For a low-volume trader in the US looking for quick, convenient crypto trading options, Coinbase is the clear choice. Binance is also somewhat easy to use for beginners, it’s UI is just geared more toward users already well-versed in the crypto space.

Neither company is beloved for its customer service. However, Binance is a bit more responsive (IMO) due to their live chat features and social media team. Good luck getting Coinbase to respond to a ticket.

Binance vs. Coinbase: Security

Both exchanges are considered safe, but Coinbase is generally considered a more reputable company. As we mentioned early, Binance had a falling out with US regulators due to accusations of tax fraud and money laundering. German regulators also warned Binance for failing to publish an investor prospectus.

Coinbase is no darling child for security features, but they do a good job complying with regulators. You can feel secure putting your money in Coinbase, but I highly recommend setting up 2FA or other security measures to keep your account safe.

Most hacking occurs at the user level, with scammers setting up spoof emails and texts pretending to be the company. Although they are centralized exchanges, both Binance and Coinbase use cold storage to keep your data from hackers. 2% of Coinbase’s funds are kept in hot storage (making it more vulnerable), but Coinbase will insure your loss of funds if a security breach occurs at the company’s side.

Binance vs. Coinbase: Currencies Offered

Like we mentioned above, Binance offers over 500 cryptocurrencies compared to Coinbase’s 47, making it a difficult comparison. The main reason Coinbase has fewer currencies is because US regulators have taken a harsher stance on certain altcoins. Binance has made the decision to not remain US compliant and instead ban US users. It is possible for US-based users to operate under a VPN and still use Binance services, however.

Should I try Binance or Coinbase?

So, is Binance or Coinbase right for me?

If you live outside the United States, I’d recommend using Binance. The fees are lower, they offer more coins, and it’s worth the extra learning curve in the long-term if you are serious about building a crypto portfolio. Once you learn how to get your way around Binance’s platform, it will be much more beneficial to use.

You can’t beat their supported coins list, and with such a large infrastructure, you can feel confident about the security of your funds. As mentioned, most hacks/security breaches occur on the user-side, not the company-side.

For US users, Coinbase is the industry-standard. Anyone with a smartphone and a bank account can buy and sell Bitcoin in seconds. That’s a powerful form of technology that propelled Coinbase to its near $100 billion valuation.

Sure, the prices are high, but unless you want to spend hours reading and researching the best way to retain full control over your crypto, just use the app and pay your fees. You can’t underestimate the value of saving time.

For more serious US-based crypto traders, there are certainly other options to consider, and I’d recommend exploring them. At the most basic level, use Coinbase to buy your crypto and then send it to a cold-wallet or MetaMask. You don’t have to use one service for all your crypto needs.

Happy trading!