What is blockchain? A blockchain is a network of computers that tracks transactions within its network and generates a giant ledger of who owns what (and how much). That's a lot of beeping action! So if you ignore a friend's well-meaning advice and spend six figures on CryptoPunk, computers around the world will confirm that you are the new owner of the NFT and make sure it stays in your wallet. Blockchains hosting NFTs include: flow Tezos polygon Ethereum Solana
Your physical wallet might contain your money, a form of ID, and maybe a photo of your loved one (we'll ignore the 3-year-old Starbucks card with $1.83 printed on it).
Your crypto wallet does this on the blockchain. It has an "ID" (a long string of numbers and letters), your cryptocurrencies, and any NFTs you buy with those cryptocurrencies. There are many wallet providers, including Metamask (the most popular and easy to use), Fortmatic, Coinbase, and Rainbow, among others.
Never tell this to anyone. Anyone who knows your mnemonic phrase has full access to your wallet and can buy, sell or transfer any funds or assets. Neither idf3 support nor any trusted person or organization will ask you for a mnemonic phrase.
Some wallet connection options on idf3 include MetaMask, Rainbow, Coinbase, Fortmatic, Portis, and more.
When you first create an NFT, you “mint” it with some clicks — which may imply you need to pay a price to the network (none of this is going to IDF3). Fees rely upon the blockchain and minting option. Blockchains rate a price for minting, shopping for and selling. Imagine it like highways on a street trip. Some are loose. Others rate you a toll, which may be reasonably-priced or expensive. Creating a brand new NFT calls for interactions: 1. Minting your NFT 2. Making your NFT to be had for sale As one of the maximum famous blockchains, Ethereum has a tendency to have better charges even as the Flow blockchain is less expensive to mint on. But don’t allow charges be the element—the maximum vital element is minting in which your target target market has their wallets. Those are precise for every chain. Or you may mint without cost instead! Some of the wizards (okay, coders) on our crew found out how you may mint with out purchasing it. If you enable “loose minting”, the purchaser of your NFT covers the charges. Keep in thoughts that charges may marvel lovers who are attempting to shop for your creations. Free minting additionally provides your advent to the IDF3 collection (collections are like folders for NFTs), now no longer your personal. To release your personal collection, you need to cowl charges.
Ethereum gas fees vary according to supply and demand. But, like avoiding the highway during rush hour, you can mint, buy or sell when gas is lower. We`ve built a tool for you to see when you can get a better deal: 1. Go to Rarible Analytics. 2. Make sure your site is set to a configurable time zone above the heatmap. 3. Select "Average" to examine the current network cost. The speed option isn't very important for beginners unless you need to issue, buy, or sell in less than a minute. You can also use heatmaps to determine the most cost-effective trading times. IMPORTANT: Always check the active gas sensor. The display of the heat map is not a guarantee that the current gas charge is low.
Polygon is a “layer two” or “sidechain” scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees. MATIC is the network’s native cryptocurrency, which is used for fees, staking, and more. You can buy MATIC with credit card directly from iDF3.
The best way to understand crypto — how a blockchain works, why it matters, how the space has evolved — is to start with Bitcoin. The original cryptocurrency continues to dominate all other forms of digital money—it’s most people’s gateway to the wider crypto world, and its technology provides the foundation for a lot of what came after. Here are some of the best explanations of what Bitcoin is and how it gave rise to the entire crypto ecosystem.
Explain Bitcoin Like I’m Five (Angel investor Nik Custodio does exactly what the title says)
Ben Horowitz explains the rise of crypto (a 3 minute explanation of crypto’s potential)
But how does Bitcoin actually work? (Invaluable, easy-to-understand YouTube explainer)
An Intro to Crypto: Building Blocks (Crypto venture-fund founder and former Coinbase Product Manager Linda Xie breaks down the core concepts linking Bitcoin, Ethereum, and more)
Why Bitcoin Matters (Marc Andreessen, investor and Coinbase board member, makes the case for digital money in a 2014 New York Times essay )
The Internet of Money (Investor Naval Ravikant’s Wired article that introduced a lot of people to Bitcoin’s wider potential)
Bitcoin whitepaper: A Peer-to-Peer Electronic Cash System (Satoshi Nakamoto’s 2009 whitepaper that started it all – technical, but more readable than you’d assume)
Cryptocurrency: The Future of Finance and Money (In this four-minute video, experts from Coinbase and across the crypto universe dive into the democratizing potential of cryptocurrency)
idf3 will never ask you for the pass phrases or your wallet details except the public wallet address.
Never share your wallet phrase will be able to access and steal all your content. also no one can retrieve your data so if you lose the phrase you can't access the wallets again.
It is as simple as:
Create your account in idf3.com and connect it with your METAMASK account. Ensure you have it right,
If you don't have Metamask please check out tutorial Here
Top Up your wallet if you don't have already, make sure to buy the coin you want For example Etherium or Matic.
Time to go to the market place and start investing.
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27/4/2023
V1.0
IDF3
Privacy Policy
IDF3 FZCO, a company having its registered address at DSO-IFZA-19980, Dubai Silicon Oasis, United Arab Emirates (hereinafter referred to as “IDF3”, “we”, “us”, or “our”) are committed to protecting your privacy, and further determined to ensure full compliance with all relevant laws and regulations as it relates to the processing of any personal data.
This privacy policy (“Privacy Policy”), together with our Terms and Conditions (“Terms”) and any other document referenced in either of these documents, sets out the basis on which any personal data we collect from you, or that we collect about you, on our website [www.idf3.com] (“Website”), or when you communicate with us by email, telephone, or any other means as defined under the Terms will be processed by us.
1. Ensuring lawful use of your personal data
We will only use your personal data where we have a lawful basis to do so. We will usually only use your data for the following cases:
(a) Where it is necessary for us to enter into and/or perform a contract with you (for example, to create your account and provide our service to you);
(b) In a way which might be reasonably be expected as a part of running our business and which does not materially impact your interests, rights or freedoms.;
(c) To comply with our legal and regulatory obligations.; and
(d) In any case where you have provided the appropriate consent for us to use your personal data, for example, where you subscribe to our email or newsletter.
2. Information We Collect
IDF3 will only collects personal data through a lawful basis, as disclosed through this Privacy Policy. Personal data is data which identifies an individual or relates to identifiable individual: this includes information you provide to us, information which is collected about you automatically, and information we obtain from third parties (“Personal Data”).
The Personal Data we collect depends on how you interact with us, our services, and the requirements of the applicable law. Throughout your engagement with us, me may from time-to-time request, collect and store the following data, to enhance your experience or comply with relevant laws and regulations:
Description of Personal Data |
|
Personal Identification Information |
Personal Identification Information is data that can individually identify you, this includes: Full name, email address, gender, home address, phone address, phone number, date of birth, nationality, signature, utility bills, photographs, and video recording. |
Government Identifiable Information |
Government identifiable information that is issued by a governmental body and pertains certain personal information, this includes: Passports, Emirates ID, license, national identity cards, etc. |
Financial Information |
Financial Information is information that relates to your personal finances, this includes: Bank account information, payment card information, source of funding, source of wealth. |
Information from cookies |
See our Cookie Policy for more information. |
Biometric Information |
We may collect sensitive personal information that may be able to identify your face or other biometrically unique information. |
Device Interactions related Data |
We collect certain data to analyze trends and make our services more tailored and useful to our users. |
Publicly Available Information |
Publicly Available Information is any information which has been made subject to the public domain and has been accessed lawfully without your consent. |
Wallet Addresses |
Your IDF3 Wallet address will be a unique address where all your digital assets will be stored. We may retain your IDF3 wallet address. |
Other information necessary to run our business |
So far as we are legally permitted to do so, we may collect other Personal Data, or other data for the purpose of ensuring certain functionalities with our Platform. |
3. How We Use Your Personal Data
We process your Personal Data to optimize the services provided, comply with relevant laws and regulations, and personalize your experience. More specifically, we use your Personal Data for the following reasons:
a. To operate the IDF3 platform.
b. To personalize your IDF3 experience.
c. To comply with relevant laws and regulations.
d. Communicate with you.
e. Provide you with promotional or marketing materials.
f. To govern and secure our services.
g. To ensure that all Account holders remain compliant with these Terms.
We will never use your Personal Data or any other data for any purpose other than that those outlined in this Privacy Policy.
4. How We Share Your Personal Data?
We may from time-to-time disclose certain Personal Data to third party services providers, relevant governmental bodies, and other external parties. The below describes the specific of any such disclosures:
Category |
Description of Disclosures |
Third-Party Service Providers |
We may share certain Personal Data with third-party service providers to ensure that certain services are met, to detect any unauthorized activities, to confirm your identity and warrants, to provide technical support, and to operate the Platform. |
Regulatory or Legal Obligations |
Irrespective of your consent, we are obliged by certain regulatory and legal provisions to process, store and share certain data with governmental bodies, periodically or upon request. |
Company Affiliations or Corporate Partners |
We may share certain information with any affiliates and or corporate partners if they comply with the same outlay of this Privacy Policy. |
5. How do we secure your data?
The security of your Personal Data is very important to us, and we ensure that all appropriate technical, administration and operational safeguards are in place to ensure that no data breach occurs because of our processing or storage thereof.
In the event that any information get damages, or breached, IDF3 will in no way be liable thereto, however will take all appropriate measures to investigate and remedy any potential damage resulting out of such a breach.
6. How long do we keep your data?
We may retain your data for up to a period of 5 years from the time you have provided the consent, provided that such retention remains in compliance with the relevant laws and regulations. Whereas you wish for us to stop the retention of your data, kindly refer to your rights prescribed in this Privacy Policy and the Terms and Conditions.
7. Data Controls and Discretion
Excluding any restrictions imposed by law or regulation, and the internal realism regarding the execution of your decisions, you retain the right to decide the extent of Personal Data collected, when your data is deleted, and what kind of communications you are a part of.
IDF3 may periodically send you email updates, newsletter, advertisements, or other marketing materials related to any third-party service providers if you agree thereto. If at any point you wish to receive, or stop receive such emails, it will remain your discretionary right.
IDF3 collects cookies to facilitate certain functionalities on our Platform. Please see our Cookie Policy for more details.
8. Amendments to this Privacy Policy
This Privacy Policy will be subject to regular review and amendments to ensure continued compliance. IDF3 retains the right to amend this Privacy Policy at any time at its own discretion, so far as legally permitted to do so. IDF3 will do its best to ensure that any amendments made to this Privacy Policy, or any other document will be communicated to all Account holders.
9. Underage Persons
We do intentionally retain information of any person under the age of 18 years old. Any person below the age of 18 must have parental or guardian supervision throughout their engagement with the IDF3 Platform. If you believe that we have mistakenly processed any data of a minor, kindly contact us directly and we will delete such data.
10. Legal Basis for Processing Data
Depending on the jurisdiction you are engaging with the IDF3 platform from, certain legal provisions might be applicable outside of the scope of this Privacy Policy. In order to comply with this, we rely on certain legal basis outside of the UAE, including:
a. Consent: We process any Personal Data with required consent.
b. Contractual Obligations: We may process certain Personal Data to comply with contractual obligations related to our relationship.
c. Legal Interests: We may process certain Personal Data for reasons instructed by instruments of the law.
d. Regulatory Requirements: We may process certain data, contingent on your jurisdiction, due to regulatory requirements.
IDF3 warrants to always comply with our sourced purposed for processing, storing or
collecting any Personal Data.
11. Contact Us
For more information about any these Terms or any other relevant document, please contact our team directly via email [info@idf3.com] or by visiting our website at [https://idf3.com/privacy-policy/]