Module 2.0.0. Cryptocurrency Forks
The Crypto Market is continuously innovating. In some cases, these innovations require making adjustments to an existing blockchain. Such adjustments on a blockchain are called Forks.
A Soft Fork is when only a minor adjustment is made on the blockchain. However, when a fundamental adjustment is made to produce an entirely new blockchain with its own cryptocurrency, it is known as a Hard Fork.
A Hard Fork can produce for you a large amount of a particular cryptocurrency that can turn you into a crypto whale very quickly with huge financial fortunes. How?
When a hard fork occurs, airdrops of coins are given to all those who are holding the particular cryptocurrency. There are two reasons for such airdrops – firstly, to raise more capital for the company to expand and, secondly, to advertise the new cryptocurrency that is being birthed from the hard fork.
Consider this hypothetical case:
JNC is a cryptocurrency in the market. After a while, the company that produced JNC decides to do a hard fork to produce a new crypto, MCJ.
Imagine that you are aware of the coming hard fork of JNC, and you move your capital from all your savings to buy and hold JNC in readiness for the hard fork. Once the hard fork has occurred, you will receive free MCJ in proportion to how much JNC you hold.
Let say for each JNC, five MCJ are given as airdrops during the hard fork. Imagine if you hold up to one million JNC coins, it means you will receive five million MCJ as free tokens!
Once you have gotten your MCJ airdrops, you can then sell off your JNC coins and return the money back to where you took it from while you now have a good amount of MCJ cryptos, which you can stake into the POS system to generate more coins for you.
Imagine if you can execute this kind of trade more regularly, it means you can become a crypto whale with massive financial muscle. Such passive earning is how you can become wealthy quickly through cryptocurrency investment!