Crypto Soil

Finance Minister present the Indian budget of the financial year of 2022-2023 and impose TAX on Crypto Assets.  fig1 30% tax on crypto asset . In budget 2022-2023 Finance minister mention crypto asset in their speech where government introduce 30% TAX and 1%  TDS will be charge on transfer of digital assets. Since this statement, a different environment has been created in the market, some consider this move of the government to be good and some are considering this move as a negative sign, today we will see the answer to whatever question is rising by the community. 1 Do we have to pay 30% tax on transaction? Yes, if you withdraw any of your profit in your bank account then you will have to pay 30% on your profit. 2 Do we have to pay 30% tax on loss also? No, if you put some amount in the market and you are in loss in it, then you will not have to pay any tax in that financial year. 3 What will be my tax module if I am a loss this year and a profit next year?  Let's unde...

Polygon (Matic) In an official announcement on Wednesday, the India-based project (MATIC) noted that the upgrade, which will initiate the burning of MATIC, is scheduled to go live on the mainnet on January 18, 2022 at about 8 a.m. UTC. In Ethereum  The EIP-1559 upgrade, commonly known as the London Hardfork, completely revolutionizes how the fee market works on the Ethereum network. It eliminates first-price auction as the main mechanism for fee calculation and introduces a discrete base fee that is burned rather than paid to miners. While this change does not lower transaction fees, which are governed by the forces of demand and supply, it does allow users to estimate costs better and reduce the number of users overpaying. However, these changes will have far-reaching effects for all of Polygon’s stakeholders, including its native token (MATIC) holders, validators and delegators, decentralized app (DApp) developers, and users.   Effect on MATIC Since MATIC has a fixed supply ...

  Best top 5 potential coin for 2022. 2021 has been a great year for the crypto market where we have seen big Institutional entry and a lot of ups and downs where some coins made their ATH in the 2nd quarter of the year and there were some coins which made their ATH as the year ended. There were also some coins in 2021 which gave returns of 1000 to 5000X. Today we will talk about some such coins which can give a good return in the year 2022.   LUNA Luna has given a return of  253497% in 2021. ($0.04 to $103) Luna coin is a fundamentally strong coin and also has the potential that it can go up to $500 from here. Luna reached its all time high at the end of 2021 at $103. we can see a lot of development is happening in Luna which will be good for Luna eco system. If we look at the technical chart, Luna is still holding its support level. if Luna retrace $60-$70 level then don't forget to add. If it takes a pump, we can see it going up to $150. POLKADOT Polkad...

     Decentralized Autonomous Organizations (DAO)       Now crypto world is talking about DAOs but many people don't know What is DAO? why we need DAO? how DAO work? how we get DAO membership? etc. So here we will discuss about DAO and get the answer of your question.   What is DAO? DAO is nothing but Decentralized Autonomous Organization which is effective and safe way to work with like-minded folks (Similar opinion people) around the world. I will start with an example which will give you brief idea. Suppose there is an Organization (Traditional Centralized System) in which a hierarchy works, that means, the top position of the organization belong to CEO of the company, after that regional manager is below it then zonal manager after that the assistant manager then associate. if the organization has to take a decision, the board of director will conduct meeting and if any result comes out, On which the final decision belong to CEO...

WHAT IS WEB 3? Internet is the major revelation in the field of technology. So before we understanding web3, First we need to understand web1 and web2 and know what is the major difference between WEB1, WEB2 and WEB3 . WEB1 (Only Read) The beginning of WEB1 is believed to be from 1992 to 2004, where only we could read what was written to other but could not give our opinion. example Yahoo, Google, WNS. etc. In the form of quotes, if an organization written any article & news, then you can only read it but you cannot give your feedback to that institution.                 WEB 2 (Read and Write) Then came the world of web 2 which is the centralized platform handle by one particular man or an entity where you can read the things written by any organization as well as give your feedback on that. 2004 to till now is considered as the time of web 2 in which YouTube, Facebook, Twitter, LinkedIn etc.   ...