Two Ways to Contribute to the Improvement of the Economy

You may have heard that the economy is not doing well right now. There are all kinds of reasons for this, but one of them is that there just aren’t enough people making things better.

For example, there aren’t enough engineers to design and build new roads, factories, and other types of infrastructure that could improve the economy. Similarly, there aren’t enough people coming up with innovative ideas for new businesses or products that could make the economy boom again.

How to Contribute to Your Economy?

Many people are worried about their financial future right now because they know the economy needs to improve. However, perhaps you are one of those people who just feels like you don’t have a way to help make that happen in any significant way. If so, you’re not alone.

Many people feel this way because they don’t know how they might be able to positively impact the economy. Fortunately, we can all do something about it! 

Stay in School

One way to help contribute to the improvement of the economy is to stay in school. In fact, it’s never been more important than it is now for people to stay in school and get the highest level of education they can.

This is because the economy is shifting rapidly and new industries and job opportunities are being created every day. And while these industries will create excellent job opportunities, they need educated people to fill them.

Learn a Trade

Another way to contribute to the improvement of the economy is to learn a trade. This could mean learning a new skill. Or, it could mean going back to school to get a higher level of education.

In fact, going back to school can be a great way to learn a trade. Many trade schools offer a variety of programs that can help people learn new skills or strengthen the skills they currently have.

Trade schools are also great for people who are looking to make a career transition because they can help you learn the skills you need to succeed in a new field. 

There are trade schools for literally any skill or specialty you want to be in. For example, you want to tap into trading, you can find several sources that are offering just that. They can also help you about doing a ment funding reviews and comparison when trading so you can make the right decision.

Cryptnomy: When Cryptocurrency and Economics Collide

Cryptocurrency

 

Economic science has been around for several centuries. The development of blockchain and crypto has created a new subfield in the economy: ‘cryptonomy’. There is a lot to write about this, but this blog will focus expert Devin Schoor mainly on a subtopic, namely: ‘tokenomy’.

This topic is very important in the crypto market and valuable to understand when you want to invest in a crypto project such as trading Bitcoin (learn more about it at https://bitcoin360ai.com/bitcoin-360-ai-review/). The distribution of the tokens has a major influence on the price or it can indicate a ‘scam project’.

Within the economy, people are concerned with the distribution of scarce resources in a society. It mainly focuses on the distribution between assets, products and services. There are several subfields within the economy. For example, there is microeconomics, which focuses on the individual actors. And there is macroeconomics, where the workings of the economy as a whole are studied. But economic science can also be focused on certain sectors. For example, there is a fiscal economy, which deals with taxes or business economics where the financial position of a company is studied.

The development of blockchain technology has created a new subfield: cryptonomy. This is the combination of economics and crypto. Through numbers and trends, it is possible to analyze the crypto market. As mentioned in a previous blog, the prices of crypto are correlated with macroeconomic conditions such as interest rates. However, there are other topics very relevant within cryptonomy.

Tokenomy

An important topic within cryptonomy is: ‘tokenomy’ or ‘tokenomics’. This word is a combination of the words: tokens and economy. Here, the distribution of the tokens of a particular crypto project is analyzed. Inexperienced investors often make the mistake of not taking into account the tokenomics, while this has a major impact on the relevant price or can prevent you from being scammed.

‘A crypto can have a limited or unlimited offer. Bitcoin is an example of a limited supply. Of these, up to 21 million could be put into circulation.

The creation of new tokens and the number of available tokens

In short, tokenomy refers to ‘the ratio between the number of circulating and total possible coins or tokens of a crypto’. In this case, the word tokens denote both coins and token. It describes the variables that influence this such as: The creation of new tokens, the number of available tokens, incentive mechanisms, token ‘mints of burns’ and the distribution of tokens.

Blockchain projects design a project’s tokenomics to encourage or discourage user actions. This is similar to how a central bank prints money and conducts monetary policy to control spending or saving. However, the difference is that with crypto it is encrypted and therefore transparent and predictable.

 

ALSO READ: 5 Tips On How To Improve Your Company’s Creditworthiness

 

When the tokens are released on the market, it can greatly affect the price

A crypto can have a limited or unlimited offer. Bitcoin is an example of a limited supply. Of these, up to 21 million can come into circulation. Crypto can also be both inflationary and deflationary in nature. When new tokens are added you call this ‘minting’ and when tokens are removed from circulation you call this ‘burning’. Thus, researching this information is very useful, because according to economic rules, the price of crypto is correlated with supply and demand. When there is a lot of room for minting new tokens, it can negatively affect the price of crypto.

Another important part to take into account is the so-called ‘token distribution’. In many projects, investors have purchased tokens at the beginning of the project for a low price. These tokens are issued to the investors at some point. When these tokens are released on the market, it can greatly affect the price. Often this information including the dates on which the tokens are released is in the white paper of the project. Ideally, the team of a project has implemented a system in which tokens are distributed in such a way that it limits the impact on the circulating supply and price. Unfortunately, this is not always the case.

‘So-called tokenomy is a valuable part to understand before investing in a project’

It is important to listen to experienced professionals

Finally, it is possible to identify scam projects by analyzing tokenomics. Through ‘block-explorers’, which are websites where you can view the blockchain, you can see what the actual distribution of the tokens of a project is. When a party owns most of the tokens, it is often a scam. The possibility for creators to mint (create) unlimited tokens is also a red flag. A blockchain is publicly visible. Yet it is difficult for the average investor to understand everything. It is therefore important to listen to experienced professionals.

Conclusion

Economics can also be applied to the crypto market. So-called tokenomy is a valuable part to understand before investing in a project. The distribution of the tokens is of great importance for the price. The tokenomics can often be found in a project’s white paper. Unfortunately, certain mechanisms of tokenomics can also be exploited in scam projects. Because blockchains are publicly visible, it is possible via block explorers to investigate whether a project is good.

How to Save Money on Heating

Warm and cozy home

 

Saving on your heating can be done in countless ways. One example is hiring a local company that is an expert in heating can save you more money than not maintaining your heating system. With that said, here we listed all the saving tips for you. One tip is obvious, the other will surprise you. And even though some measures will cost you some money now, you will eventually save on your heating costs.

What is your consumption?

First, you need to know how high your consumption is. Is this high or low compared to an average situation? Do you want to know more about Energy Saving? Then take a look at the Knowledge Centre for Energy Saving, here you will find many relevant articles.

Saving on gas

Most saving tips are based on a gas central heating boiler. If you have a central heating boiler on fuel oil or wood, there are other measures to be taken. Most households want to save on their gas consumption. Gas consumption usually determines 2/3 of the energy bill, there is often still a lot of profit to be made. With an average household, you quickly talk about € 100 per year, regardless of the benefits for the environment. In addition, your house can get a more favorable energy label, which increases the appraisal value.

Saving on heating: burning natural gas

  • Choose a central heating boiler with sufficient capacity: a central heating boiler with too low power is working overtime to keep your house at temperature. If you opt for an economical boiler, it will do its job in peace – so with low gas consumption. On this site, you will find more information about calculating the right power.
  • Choose an (ultra-efficient) HR boiler: do you still have an old-fashioned central heating boiler hanging? Then the efficiency of your gas consumption is a maximum of 80%. With the latest HR boilers, an efficiency of 100 to even 107% is possible. With a UHR boiler (Ultra High Efficiency) you can even save more than that.
  • Have your boiler maintained: modern central heating boilers also become contaminated during consumption, which can reduce efficiency by up to 10%. If you opt for annual maintenance, the efficiency of your central heating boiler remains the same.
  • Save extra on heating with a solar water heater; by connecting a solar water heater to your heating system, you can drastically reduce gas consumption. How much you can save depends on many factors. Ask the installer for a calculation based on your specific living situation.
  • Save extra on heating with a heat pump; a heat pump, just like a solar water heater, ensures that gas consumption is reduced. In this case, the central heating boiler uses heat that is extracted from the earth or air to heat the water in the central heating pipes. How much you save depends on many factors. Ask the installer for a calculation based on your specific living situation.

Saving on heating: change your habits

  • Shower shorter: by showering one minute shorter per person, gas and water consumption quickly drops by 10% on an annual basis. And so is the energy bill.
  • Turn down the heating: if the average Dutch person sets his heating one degree lower than normal as a standard, 7% can already be saved on the energy bill. With that money, you can buy some nice sweaters.
  • Turn off the heating earlier: many people do not turn off their heating until they go to bed. Do this an hour earlier and snuggle under a blanket. An annual saving of 4%.

 

ALSO READ: 5 Tips On How To Improve Your Company’s Creditworthiness

 

Saving on heating: take measures

  • Double glazing: windows often cover a large part of the exterior walls. A huge amount of heat escapes through single glazing. Conventional double glazing already retains much more heat. If you really want to save money, choose HR++ glazing. This type of glass keeps heat inside and allows heat from the sun to pass through extra well.
  • Keep interior doors closed: do not leave doors of heated rooms unnecessarily open. Drafts are created immediately, which means that the central heating boiler has to work harder to keep the room warm.
  • Place water savers: in addition to heating, a combi boiler provides hot tap water. The less water that goes through the tap, the less your boiler consumes. So place water savers on your taps and shower heads. The water pressure remains the same, you do not notice it and you save up to 50% on your water consumption.

Saving on heating: did you know…

  • Breathing and perspiration make the air in the house humid. Ventilate your home for fifteen minutes a day (door or window open), so that dry outside air enters. Heating up dry air costs your central heating boiler less power.
  • Curtains form an extra layer of insulation for your windows. Closing the curtains earlier is not only cozy but also energy-conscious.
  • The curtains should be open when the sun shines on your windows. The sun’s rays heat your room(s) for free and for nothing.
  • Wind on your outside wall causes your home to cool down faster. Is there often wind on the same wall? Consider shielding it, for example with a fence or hedge. You will see that your house cools less quickly and your central heating boiler consumes less.

Extra tips for saving on heating

  • Insulate windows and (interior) doors with draft strips.
  • Place a draft brush or draft flap in front of your mailbox.
  • Place draft brushes under your interior doors.
  • Do not hang anything over your radiators, this lowers the heating capacity.
  • Buy special radiator foil and place it between the wall and the radiator, so that the heat does not go into the wall, but into the room.
  • If there is a curtain in front of the radiator, take a thermostatic valve with a remote sensor. This ensures more precise control of the temperature and thus savings.
  • Do you hardly use your attic or not at all? Make sure it is closed off from the first floor or provide extra insulation for the loft.
  • Insulate the visible hot water pipes with special foam covers. This keeps the water in the pipe at a better temperature. Per meter of insulated pipe, this quickly saves 10 m3 of gas per year.
  • Does your chimney not yet have a draft valve? Place these and prevent heat from escaping from your home.