Governance Tracker by Tally Review

The cryptocurrency market is fluid and ever-changing.

When you think you’ve got a handle on the pulse of a coin or token’s price action, it takes an unexpected turn.

No one is perfect, and that’s especially true when it comes to cryptocurrency. By using the right tools, though, you can tilt the odds of success in your favor.

That’s why, in this article, I’m going to go through some of the greatest crypto tools I’ve discovered and how you may utilize them to get the most out of your investments.

The crypto tool to add to your belt is another bundle and that’s the Governance Tracker by Tally, the governance tracker by Masari and the governance tracker by Deep Down.

Starting with Tally’s governance tracker.

This tool lets you see all the most active dowels on Ethereum, Polygon, Avalanche, Optimism and Arbitram.

Any dows that have active proposals in process are automatically top of the list otherwise it’s sorted based on how many active voters there are.

I’ll quickly note that it’s quite remarkable how little engagement there is outside of the top 10 dows.

Now what’s cool is when you click on one of the dows tally will show you how the governance process for the dow in question works.

In simple terms as well as the top voters in that dow and their voting power.

Not surprisingly the top voters in these dows are often crypto VCS.

What’s awesome is that tally even lets you create your own proposal for the dow you’ve selected and gives you a step-by-step guide on how to publish your proposal note that you’ll need a web3 wallet like Metamask for this.

Now besides making it easy to have a say in your favorite crypto projects Tally’s governance tracker can be another way to keep track of any cell pressure your favorite coins or tokens could experience assuming they have proposals waiting to be passed.

Of course not only that but keeping track of proposals before they’re passed can be a great way of getting ahead of an upcoming rally.

All you need to do is check when the proposal will be passed and if you know it’s a significant one you could make an easy profit selling the news.

Ideally you’d catch a bullish proposal before it’s even tabled and that’s where Masari’s governance tracker comes in.

This tool also gives you an overview of the most active dows on popular smart contract cryptocurrencies including governance for smart contract cryptocurrencies themselves unlike Tally’s governance tracker.

However Masari’s governance tracker gives you an overview of all the preliminary discussions going on within these dows.

This makes it easy to spot proposals that have yet to be tabled and can therefore get you in extra early on a price move before the proposal is passed.

Now the only thing I’ll caution is that Masari’s assessment of the importance of a particular proposal isn’t always accurate so don’t give too much weight to that indicator on the dashboard.

Always click on the proposal to double check what it’s about then ask yourself whether it’s something that could be passed and what it could mean for the price of the coin or token in question.

Last but not least we have deep dow’s governance tracker which essentially combines the best of the two other governance tools.

Deep dow lets you sort dows by changes in treasury value token holders and active voters on the home page.

The tool also lets you see both discussions and proposals in real time on the dao feed.

The difference is that deep dow aggregates this data to give you an idea of how daos are doing in general be it by active voters or treasury balances.

Deep dow also lets you see which wallets are the most active in crypto governance on the people tab interesting stuff to say the least.


Binance announced it would be converting all USDC, USDP and TUSD stable coins on the exchange into BUSD at the end of this month.

Binance also announced that it will be removing all USDC, USDP and TUSD trading pairs on the exchange.

Note that these stable coins will automatically be converted into BUSD and any open trades involving these stable coins will be automatically closed and liquidated in the case of Leverage trades.

Binance’s BUSD is issued by Paxos a fully regulated Trust Company in the United States which seems to have the best track record as far as stablecoin reserves go.

Circle 2 is based in the United States and its USDC stablecoin has come to have the same kind of high quality reserves as Paxos’s BUSD albeit with slightly less regulatory oversight.

The same is true for TrueUSD and its TUSD stablecoin by contrast Tether is not based in the United States and though the reserves backing its USDT stablecoin have been improving.

They are not nearly of the same quality as its competitors this has resulted in lots of regulatory scrutiny from the United States and other countries.

Now as it so happens Binance confirmed to coin Telegraph shortly after its stablecoin enhancement that the exchange may eventually apply the same Auto conversion to Tethers USDT.

What this means is that Binance has effectively declared war on all other stablecoin issuers and that is a very big deal.

This is why it’s so odd that Circle CEO Jeremy Alaire said that Binance’s auto conversion of USDC into BUSD is a good thing for USDC consider that most active USDC trading pairs are on binance so eliminating them almost guarantees that USDC’s liquidity will be significantly reduced.

That said there is one very important factor that could protect exchanges and stablecoin issuers and that’s the adoption of US dollar stable coins which continues to accelerate as inflation continues to rise around the world and foreign currencies continue to collapse against the Greenback.

How to Invest in Cryptocurrency

Digital money is called cryptocurrency. Cryptocurrency uses blockchain technology, which has been described as secure since it can establish decentralized consensus among untrustworthy parties. Cryptocurrency blockchains function similarly to traditional bookkeepers’ ledgers, except that the ledger is digital and everyone with access to it can serve as the bookkeeper.

Cryptocurrency has been embraced by both investors and entrepreneurs around the world, with funds pouring in from all corners of the globe. Though Bitcoin is undoubtedly the most renowned cryptocurrency, there are thousands of alternative digital currencies already in existence.

Cryptocurrency is one of the newest and most exciting asset classes available to investors, and it’s fast becoming a major player in financial markets.

When it comes to investing in cryptocurrency, you might imagine purchasing and holding one or more crypto coins. Buying cryptocurrencies outright is typically the most popular method of expanding your portfolio’s cryptocurrency exposure, but there are a few alternative options:

Buy cryptocurrency directly: There are established cryptocurrencies like Ethereum and Bitcoin, and then there are less known coins that come out with an ICO.

Invest in cryptocurrency companies: You may invest in firms that have a minor or total focus on cryptocurrency. Cryptocurrency mining companies, mining hardware manufacturers, companies like Robinhood Markets, Inc. (HOOD) and PayPal Holdings, Inc. (PYPL), as well as other businesses with various degrees of crypto exposure, are just a few examples of where you can put your money. You may also invest in firms like MicroStrategy Incorporated (MSTR), which store large amounts of bitcoin on their balance sheets.

Invest in cryptocurrency-focused funds: If you don’t want to pick and choose individual cryptocurrency companies, you could opt to invest in a fund that focuses on cryptocurrencies. These funds come in the form of exchange-traded funds (ETFs), such as index and futures funds, or trusts. Some crypto-focused simply invest in cryptocurrency while others put their money into companies with a crypto focus or derivative securities, like future contracts.

Invest in a cryptocurrency IRA: A cryptocurrency IRA is a great way to invest in cryptocurrency while also taking advantage of the tax benefits of an individual retirement account. The best crypto IRA providers can help you safely store your holdings and take care of all the paperwork involved.

Become a crypto miner or validator: The most common way to invest in cryptocurrency is to mine it or be a validator in a crypto network. By doing so, miners and validators earn rewards in the form of cryptocurrency, which they can either HODL as investments or trade for another currency.

Here’s a step-by-step guide on how to use a cryptocurrency exchange if you want to invest in digital currency directly:

Choose the cryptocurrency exchange you want to use. A well-known, reputable exchange with a broad range of currencies is your best option.

Create a cryptocurrency account with the exchange. To finish the registration procedure, you must provide personal information and authenticate your identity.

Create an account using fiat money. You must first deposit another currency like as US dollars into your exchange account in order to buy any cryptocurrency.

There are many cryptocurrencies to choose from, so do your research and pick the one (or ones) that you think have the most potential. You can invest in as many or as few as you want.

To purchase cryptocurrency, first find an exchange and create an account. Then follow the steps provided by the exchange to submit a buy order for your chosen coins. Finally, complete the transaction as instructed.

Your cryptocurrency will be stored in a digital wallet after your purchase is complete. The information you need to access your cryptocurrency is held in that digital wallet, which can be hosted by the cryptocurrency exchange or an independent wallet provider.

Reviewing your investment portfolio periodically is a smart way to ensure you are meeting your goals. This might include selling or buying more cryptocurrency, depending on what else is going on in your finances.

Many people view investing in cryptocurrency as a high-risk investment. The prices for cryptocurrencies, even those which are well-established, can be incredibly unstable when compared to stocks or other assets. In addition, the value of cryptocurrencies could drop sharply if there any changes made to cryptocurrency regulations – including making it illegal altogether.

Although the volatility of crypto can be a deterrent for some investors, others see it as an opportunity to make large gains. If you’re thinking about investing in cryptocurrency, do your due diligence and research each digital coin before making any purchase. Always check transaction fees when buying cryptocurrency because they vary significantly from one currency to another.

The cryptocurrency domain changes rapidly, so it’s crucial to monitor new updates that may influence your crypto assets. People who invest in cryptocurrency should comprehend the tax implications of dealing with crypto, particularly if they buy or sell anything related tocryptocurrency.

Given the riskiness of cryptocurrencies as an asset class, it’s critical not to put more money into them than you can afford to lose.

Ethereum’s merge – will it cause a problems with ETH or ERC20 tokens?

If you’re wondering where all the speculation has been coming from the answer is of course Ethereum’s transition from proof of work to proof-of-stake which is officially expected to occur between the 10th and 26th of September as per a blog post by the Ethereum foundation.

The merge itself will be preceded by the bellatrix upgrade on the 6th of September which will activate Ethereum’s consensus layer on the proof-of-stake beacon chain. The magic that happens between the 10th and 20th of September will be the actual transition of the execution layer from proof of work to proof of stake.

As amazing as it is to finally get confirmation of one of the most highly anticipated milestones in the history of cryptocurrency the fact of the matter is there could still be some unforeseen issues as was the case with the discovery of a small bug on the very day that the final dates were announced.

Don’t get me wrong Ethereum’s core developers are definitely prepared for the upgrade and have likely found all the bugs that any human being could hope to find. From what I’ve heard and seen most of the concerns are about damaging bugs in other places such as Ethereum’s decentralized applications.

As we’ve seen over the last few days there’s no shortage of leverage related to the merge and lots of this leverage is actually within Ethereum’s own defy ecosystem.

It’s possible if not likely that there could be pricing issues during the merge that lead to unwanted liquidations in some d5 protocols not only that but it’s easy to forget that centralized exchanges are effectively part of the Ethereum stack as well I’m sure many of you have seen the announcements from Coinbase and Binance that they will be pausing deposits and withdrawals for ETH and ERC20 tokens around the time of the merge.

Although Binance provided an exact date for its deposit and withdrawal pause it appears that Coinbase didn’t and I suspect that not all exchanges will provide exact dates for whatever reason.

Never mind the possibility that the exchanges which did provide dates could be forced to change them last minute. As such you should consider moving any ETH or ERC20 tokens you plan on selling on or around the merge to a centralized exchange in the next week or so.

Just make sure you’re using a regulated exchange and bear in mind that many exchanges could see outages due to all the trading activity.

Moving of your ETH and ERC20 tokens to another secure smart contract cryptocurrency could be a good way of hedging yourself against any exchange outages.