🧠 One habit to make you smarter

Seedphrase Daily 👋 Making the crypto world easier for you.

Today's Agenda 📓: 

• 🤝 Check out our Podcast.

• 👀 ONE Habit All Rich Investors Do.

• 🧠 How to not get rugged.

If you hate reading, we got you.

Our new podcast is out and ready for your beautiful ears.

This week we had on a young goat Sebastian Ghiorghu, a kid who went from dirt poor to $10 million in 4 years. His story and advice on how to make money has gotten him half a million followers on Youtube. 

And he's a really nice guy. 

• Advice on making $10M

• His take on Andrew Tate

• His strategy to make money in the next bull run.

And much more, come vibe!

Also on Spotify ;)

Some notable crypto bro's, like Alex Becker, are calling this month "Uptober."

But smart investors review the past before they start making projections. We've summed up everything noteworthy that's happened in September, to keep you in check. 

Here's everything you need to know:

• The ETH merge has finally been completed from PoW to PoS, cutting back its energy use by 99.9%. The merge was priced in, and became a sell the news event.

• FormerFacebook employees project SUI raises $300M from FTX, a16z, Jump, Binance, Coinbase, Circle and Lightspeed with a total valuation of $2B. ⭐️ We got our bets on this project.

• South Korea issued an arrest warrant for Do Kwon. 

• Reddit founder Alex Ohanian leads a $54M raise for Doodles.

• CME launches ETH options.

• Helium network signs a five-year agreement with T-Mobile. 

• Fraud protection startup Saradine raises $51M series B funding led by a16z. 

• Lightning Network raises $80M from ten31, Washington University of St Louis and the University of Wyoming.

• Kraken CEO resigns. 

• Kim Kardashian charged by SEC for unlawfully promoting Ethereum max

• NASDAQ is planning to launch crypto custody and other services. 

While we're in this bear market, it's important to know what players are active and building through it.

Rug pulls are the most common hack in Web3. 

They happen to the best of us, from experts to beginners. If you fall victim to a rug, the best thing you can do is take time to understand what went wrong, so it never happens again, rather than crying about it. 

This story comes from one of our team members' early plays, just starting in the crypto world. He didn't have much experience and relied on platforms like Instagram, Discord and Twitter.

First mistake: Following the wrong people who shilled NFT projects for their gain.

Second Mistake: This project advertised a luxury lifestyle if you bought it, flaunting expensive cars and exotic vacations for holders. Red flag. 

This was the project. 

Bruh. It even looks like a rug.

After the mint day of .3 ETH, he received his NFTs. Then, the founders went silent and announced they had internal issues… Classic. Now the rest is history.

👉 Important lessons learned:

1. Don't FOMO in because of hype. Easier said than done. Constantly keep your emotions in check. If you feel FOMO, be honest with yourself. If your emotions go unchecked, you are bound to fail as an investor.

2. Vet founders: Listen to Twitter spaces or AMAs and hear the founders speak. Even with a good community, NFT projects are NOTHING with out solid founders. Find their twitter(s), read their activity, google them, become an investigator. Treat your money with respect by finding out WHO you are giving it to.

3. Vet community: Properly investigate and see if a strong community believes in the brand. Are the community members real? Or bots? What are they saying about the project? Reach out to one of them and ask them about their conviction on the project.

No Community= No NFT project.  

NFTs are essentially one big gamble. 

If you enter the crypto casino, do NOT go all in on one project. Especially if you don't have discipline to do some research.

💸💰Check out our newsletter from a few weeks ago where we breakdown the best sources for NFT alpha.

Read Here.

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😹 Meme of the Day

LMFAO that'll show em.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research