In my opinion, both custodial and non-custodial accounts lose 5% each year due criminal attacks or mishandling. The problem is always people messing it up, but the reasoning and the mechanisms are different.
The FreeLunchTrading “Layer 1 10x” index tracks foundational assets in the crypto ecosystem by investing in the largest base settlement and smart contract networks. Each asset offers unique advantages in processing speed, data structures, consensus, and client software which optimizes them for certain users or industries. L1-10x contains some of the top ranking eligible constituents of FreeLunchTrading’s indexes, meaning they are regulatory compliant, meet liquidity requirements, and have strong historical data.
When trading, being able to recognize signs of value is a great way to raise your awareness. One notable indicator of value is when people begin using certain products out of necessity. Organizations are generally apprehensive to adopt crypto networks and currencies because of some understandable risks. This is why the decision by Taiwan’s Ministry of Digital Affairs (MODA) to use the IPFS protocol is a powerful demonstration.
The number of private or individual investors in speculative assets is at an all time high. FLT uses the resources of this anonymous network of investors to benefit the people who need it most. We rely on our community to contribute in many different ways, by participating on Twitter or in any of the NFT communities we support. Our role as admins is to carry FLT and its vision of a free lunch until it can securely be formed into a DAO.
The fundamental technology in cryptocurrencies is vital to returning power to the individual by allowing peers to interact directly and with the highest level of trust and transparency. By shifting value out of custodial banks, exchanges, and content platforms, you diminish the influence that these entities have to manipulate markets. The 2008 global financial crisis, hyperinflation around the world in the 21st century, and the impending financial crash due to over-leveraged assets are all caused by pervasive problems in our financial systems. We believe all of these problems can be solved with more transparency and decentralization of power.
