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Long-term investment ideas. Advertising - @BradyF
Badger DAO (BADGER)
Badger DAO is building the infrastructure to accelerate the use of bitcoin in DeFi across Ethereum and other blockchains.
Projects benefit from having large amounts of liquidity available on their network. And nothing is better than BTC, the most liquid asset in cryptocurrency.
Last month, Badger DAO integrated with RenVM to facilitate products and infrastructure that will bring bitcoin to DeFi.
With this, Badger DAO users can easily convert native BTC to renBTC and wrapped bitcoin (WBTC) and/or deposit bitcoin directly into Badger DAO’s vaults. This makes bitcoin a liquid asset on the Ethereum network. And users can now unlock it with just one click.
In April, Badger DAO also partnered with Fireblocks. This will help institutions bring their bitcoin to DeFi and start earning yields on it. It’ll provide an on-ramp for the influx of interest in bitcoin from banks, corporations, and hedge funds to bring the next wave of capital into DeFi.
Badger DAO’s integration with Fireblocks enables 200-plus institutional clients to securely hold Badger assets on the Fireblocks platform. This will let them put their bitcoin to work in DeFi through the Badger protocol while adhering to strict security, operational, and regulatory requirements.
Fireblocks is helping institutions like Galaxy Digital, Genesis, Revolut, and Coinbase Pro launch digital assets, products, and services without compromising security and remaining compliant.
With companies eager to be more involved in DeFi in a regulatory-approved way, they’ll turn to Badger DAO’s new integrations. They’re exactly what institutions need to stay competitive and relevant in this new financial market.
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Armor (ARMOR)
Armor is a decentralized protocol that enables users to buy insurance on their assets held in DeFi protocols. We’re still in the very early stages of DeFi. And this new technology comes with risks uncommon to traditional finance.
Because of this, many institutions and individuals are hesitant to engage with DeFi. Armor is solving this problem by bringing insurance to DeFi to help mitigate risk. As of this writing, Armor covers 42 DeFi protocols and insures over $1 billion in assets. Armor is off to a great start, and we expect usage to continue increasing with the recent update of its ArCore Smart Cover System.
This allows users to scan their wallet assets and get recommended custom plans with flexible pay-as-you-go coverage. Armor’s main focus is building an ecosystem of interoperable protocols and products to secure and scale mass adoption. These services will help individuals, as well as institutions, be more secure while exploring the DeFi ecosystem.
Additionally, Armor recently partnered with Immunefi, a premier bug bounty platform for smart contracts, to create the Armor Alliance bug bounty challenge. The challenge went live in March with a reward up to $500,000 for identifying critical vulnerabilities. Armor recently paid out the largest bounty in Ethereum’s history, worth $1.5 million, for discovering a critical network bug. This is something we love to see from projects we’re invested in. It shows they’re going the extra mile to ensure user safety.
To continue ensuring that safety, CTO of Armor Robert Forster pledged $250,000 in ARMOR tokens to anyone who discovered a flaw in any Ethereum dApp.
And it’s made good on that promise. Armor rewarded that amount to a whitehacker group called the Dedaub Team in March for finding a critical vulnerability in Primitive Finance. The group found an exploit that would allow potential attackers to create fake synthetic tokens or swap fake tokens for real ones on the decentralized options protocol. Thanks to the discovery, Primitive was able to fix the bug.
It’s a win-win solution that incentivizes “good hackers” to test protocols and make them more resilient when targeted by “bad hackers.” Vulnerabilities like this are a common part of the growing pains of DeFi, and they’re why having a protocol like Armor in this ecosystem is so important.
Now is time to buy Armor while it is under our buy-up-to-price as we are experiencing one of our usual 30–45% market corrections. Armor has already started correcting upward and is up 35% on the day.
Polygon (MATIC) (3 Part)
The Risks of Polygon
Polygon isn't the only blockchain project that is fast, low-cost, and EVM compatible. Harmony has a similar two-second block time and extremely low fees. Another Layer 2 blockchain called xDAI is also being developed for speed and low fees with EVM compatibility. However, xDAI only has $16 million of total value locked ("TVL") on its sidechain. That's about one-twelfth the size of Polygon's $200 million TVL. But xDAI has attracted a number of projects to adopt its technology, so it could grow rapidly.
While TVL isn't a perfect predictor of future use, it's an accurate gauge of the network effect. So Polygon should grow faster than xDAI because Polygon is already seeing more usage. Another risk Polygon faces is from Ethereum.
Everyone is trying to solve Ethereum's major problems of cost and speed – even Ethereum itself. One possibility is Ethereum 2.0 – when Ethereum will break its blockchain into "shards" – a series of blockchains that run parallel and are kept in synch by a "beacon chain." But it will still be a while before Ethereum 2.0 launches.
Until Ethereum 2.0 launches, Ethereum Improvement Proposal #1559 (EIP 1559) has been proposed to drastically reduce Ethereum network fees. If EIP 1559 reduces fees, it could be a possible threat to Polygon. But we have to keep two things in mind...
First, the Ethereum developer community has reached a "rough consensus" to implement EIP 1559 and add it to the Ethereum code in July. So it's still months away. And it's impossible to predict what will happen to the Ethereum network if EIP 1559 slashes fees without increasing throughput. Ethereum's network is already crowded. If you slash fees, the crowding will likely get even worse.
We don't know what the Ethereum miners would do in response. Remember, the fees Ethereum miners have been collecting have been growing lately. That's bad for users, but great for miners. As someone who has mined Ethereum in the past, I think the prospect of earning
signicantly lower fees for processing more transactions will make miners disconnect from the Ethereum network. This could have unpredictable and wide-ranging consequences for the network, so it can't be taken lightly. Whatever solution Ethereum launches, it will have to account for high enough fees to satisfy the miners. That means EIP 1559 isn't going to make Polygon useless.
How Big Could Polygon Get?
Because gas fees have become extremely high, the adoption of Layer 2 solutions could happen faster than anyone expects.
With the launch of optimistic rollups and zk-rollups, we could see a mass migration of popular DApps like Uniswap (UNI) and Synthetix (SNX) move from the main Ethereum blockchain onto much faster Layer 2 solutions. If that happens, exchanges like Coinbase and BinanceUS will likely support deposits and withdrawals directly from and to Layer 2 solutions as well. Many users who start investing in crypto a year from now may never touch a DApp that's running on the main Ethereum blockchain. Instead, their rst interactions could be with Layer 2 solutions. And Polygon could be the leader in this space. We believe Polygon could see at least a fourfold increase – and possible as much as a sevenfold increase – in as little as 24 months.
Polygon (MATIC) (2 Part)
Matic runs on the Plasma framework, which gives it compatibility with Ethereum and Ethereum tokens. Matic has its own token, called MATIC, and its own security model. Specically, it uses a proof-of-stake consensus mechanism, which means users must hold and post MATIC as a "stake" or bond before they're allowed to post transactions to the blockchain. If they post honest transactions, they earn interest or income from the Matic network. If they post dishonest transactions, they could have their stake stripped from them. Matic doesn't stop there, though. It also uses a second consensus method called the Plasma framework to ensure interoperability with the main Ethereum blockchain.
A huge advantage of the sidechain model is speed and scaling. Transactions can be posted to the blockchain in two seconds, and the sidechain could theoretically scale to multiple blockchains and process millions of transactions per second. At the moment, Ethereum can handle about 70 transactions every 13 seconds. MATIC tokens are governance tokens for all of Polygon's services. As we said, they're also the payment mechanism for transactions on the Matic sidechain.
Since Matic is connected to Ethereum, it accrues usage and value to the main Ethereum network. That's not just good for Ethereum investors... we believe it will help the project attract developers who would rather build on Ethereum than competing blockchains. It's growing rapidly, with more than $200 million locked on it. And a growing number of apps are integrating its technology. Polygon developers are hard at work on a new suite of tools, the Polygon SDK, which will give anyone the ability to roll out their own blockchain as a sidechain or Layer 2 on Ethereum. This will give Ethereum developers abilities similar to those on Cosmos and Polkadot.
Polygon Is Already Changing Industries
As we said, Polygon is like a one-stop shop that developers can use to get essentially any sort of scaling or security solution they need integrated with Ethereum. That includes sidechains, which have their own tokens and security models, and Layer 2 solutions, which inherit security directly from the main Ethereum blockchain. It will also include stand-alone blockchains that are compatible with Ethereum technology – or the Ethereum Virtual Machine ("EVM") – and also Polkadot's parachains and Cosmos' zones. Parachains and zones both increase the number of transactions that can safely be conducted on Polkadot and Cosmos in the way that sharding will eventually for Ethereum 2.0 (more on this later).
The focus for Polygon right now is on sidechains like its own blockchain, Matic. Matic is already home to more than 30 apps. They run the gamut from trading platforms to gaming, social networks, and digital collectibles. They include:
🔸Polymarket: A predictions market that saw more than $10 million in trading volume around the time of the U.S. presidential election in 2020
🔸Injective Protocol: A decentralized platform for derivatives trading that is in testnet and will soon launch its mainnet.
🔸Terra Virtua: an immersive, blockchain-driven virtual reality entertainment platform.
Right now, all the growth for Polygon is in Ethereum compatibility. But that won't always be the case. That's why Polygon is also building solutions that will be compatible with Cosmos and Polkadot. Transactions on those blockchains will be cheaper and faster and will benet users of EVM compatible services. A good example is digital collectibles.
Most people have a good understanding of collectible items. But when it comes to digital collectibles, it's hard to process how something like a digital picture or drawing could be kept scarce. The answer is by attaching a provably scarce token. This proves that the item is unique. These tokens are usually referred to as non-fungible tokens ("NFTs"). They're nonfungible because each one is unique or very limited.
Polygon (MATIC) (1 Part)
We've previously written about several projects attempting to offer fast, low-cost crypto transactions – like model portfolio holdings Cosmos (ATOM), Harmony, Binance Coin (BNB), and DigiByte. Polkadot (DOT) – a top ve crypto by market cap – is also working to offer fast, low-cost transactions.
But as Ethereum fees have increased, we've also seen users and projects begin migrating to other blockchains known as "Layer 2" solutions.
If you think of the Ethereum network itself as the base layer, or "Layer 1," then Layer 2 are simpler, more lightweight solutions that run on top of that base layer. It sounds great, but it's becoming increasingly clear that there will not always be a Layer 2 solution that scales Ethereum... and that there will be no single blockchain for everything.
So, we live in a multichain world where Layer 1 blockchains like Ethereum, bitcoin, Polkadot, and Cosmos must coexist with Layer 2 solutions.
Virtually all of the complaints about Ethereum are that it is too expensive to use and transactions take too long. Some take so long to complete that they end up failing, even after a user pays fees. It only makes sense that the dozens of projects working on Layer 2 solutions for ETH are focusing on either lower fees, faster transactions, or both.
The thousands of blockchains (and the blockchains that run on top of them) can be confusing and overwhelming not just for users like us, but for developers as well. A huge number of sidechains are being developed, and they all have fancy, sci- sounding names:
🔸Proof-of-stake chains
🔸Plasma
🔸Zk-Rollups
🔸Optimistic Rollups
All of these scaling solutions for Ethereum come with unique benets and trade-offs. And the simple fact is that what works for one project might not work for another. That makes the landscape of scaling solutions a mess to navigate.
Polygon hopes to streamline and interconnect all of Ethereum's Layer 2 solutions. We believe it could become a key building block for the entire ecosystem. Here's what has us so excited about it...
Polygon is the "Swiss Army Knife" of scaling solutions on top of Ethereum. Developers can go to Polygon and pick whichever solution works for them. That will eventually include all of the leading scaling solutions today, as well as sidechains and custom solutions for unique situations.
There is already a wide range of scaling solutions live or in development now. The most common are sidechains, or blockchains that are compatible with Ethereum but have their own tokens and security models. Polygon's Matic blockchain is a good example of that.
LTO Network (LTO) (1 Part)
LTO Network is a system built from the ground up to be its own chain by combining the best features of other chains. It's powered by the LTO token. The blockchain isn't proof-of-work like bitcoin, Ethereum, and DigiByte. Rather, LTO calls it leased proof of importance ("LPoI"). It means small participants can earn rewards like a PoS chain, but the more active you are, the more important you are to the system... And you're
rewarded more than passive stakers. There are other differences, too. LTO is not focusing on DeFi, payment processing, or smart contracts.
Instead, it's focusing on data security and collaboration for organizations – data management and security, document management, tracking workows inside and outside organizations, and connecting systems. So it's a perfect t for VIDT. LTO has partnered with VIDT Datalink to launch authenticated artwork and to verify and publish sensor data from smart chips that are manufactured by IBM.
This is our opportunity...
Because LTO has focused on business-to-business products and services, it has been difcult for it to grow in the midst of a pandemic.
While there's no way to know exactly how many businesses have been impacted by the lockdowns and curfews from COVID-19, Forbes has reported that tens of thousands of shops, restaurants, and ofces are closing. Whatever the number is, 2020 was awful for businesses. But as businesses eventually go back to full speed, they'll have to worry about data management again. And in Europe, where LTO is focusing on near-term growth, that means staying in compliance with General Data Protection Regulation ("GDPR").
GDPR is the collection of rules, laws, and regulations that protects European Union citizens' data from the companies and organizations that interact with them. If you deal with data in Europe, you want to stay in compliance to stay out of trouble. This is where LTO shines. Its network is built to protect data by keeping it private enough to meet GDPR standards, but it's also veriable with immutable timestamps saved to the public
blockchain. One of the most interesting examples of securely tracking data with LTO is a "smart" medical bracelet it has developed with AratosMedica. These bracelets are linked to secure blockchain data that include a patient's medical records. That's how secure LTO's blockchain is.
And while LTO has had trouble growing in this challenging environment, it's still staying busy. Its customers include VIDT, medical-record holders, notaries, waste transporters, and diamond merchants. According to Blocktivity info, LTO is one of the world's top 25 blockchains by number of network transactions. So it has something most other blockchains can only dream of – real-world usage. As we'll show, that should translate directly into higher prices for LTO.
DSLA Protocol's (DSLA) (2 Part)
The DSLA token automates the entire SLA process by turning it into a smart contract. Every party has a stake in a "circular economy." Here's an example of how it can work:
1. A service provider or validator stakes DSLA in a compensation pool as a sign of good faith that it will operate honestly.
2. Third parties can delegate tokens to that validator by signing and staking to its DSLA contract.
3. If the validator operates without incident, it receives a steady stream of DSLA from the compensation pool. If the validator suffers an outage that violates the SLA, it's docked DSLA and affected users can then claim that DSLA as compensation for any losses they
may have incurred.
The DSLA token is required to access DSLA's Stacktical platform. Once users have access to the platform, they can run scalability tests or predictions on their computer code, form compensations pools, create public decentralized service-level agreements, indemnify users when a performance failure happens, and reward teams for hitting performance goals.
We believe this type of automated insurance will be used by virtually all proof-of-stake ("PoS") networks, and eventually for other blockchain-related use cases like insuring deposits on smart contract platforms. This insurance is what crypto needs to move from an asset class worth hundreds of billions to one that's worth tens of trillions.
PARSIQ (PRQ) (3 Part)
The Risks of Buying PRQ
There's no guarantee PARSIQ will be able to accomplish its goals, and having paying customers is crucial for long-term success. If PARSIQ fails to gain a sizeable userbase, demand for the tokens may never materialize.
To date, 105 million of a total 500 million possible tokens are circulating in the marketplace. The team hasn't disclosed a public plan for the remaining tokens. That raises some concerns around dilution, but we believe PARSIQ will likely use the tokens as incentives to foster adoption instead of dumping tokens into the market, which would punish early adopters.
PARSIQ also has competition. Its competitors, like Bitquery and the Graph, also give users the ability to act on blockchain-based data, but they take a different approach. They allow you to act on events that happened in the past. PARSIQ allows you to interact with events in real time. Simply put, the competition allows you to pull data and then trigger an action while PARSIQ pushes the data that triggers an action.
It's much too early to rule on whether PARSIQ's method of monitoring addresses and contracts in real time or its competitors' method of querying blockchains like databases will win the overall market. But over the next 12 to 24 months, we expect to see both approaches appeal to different userbases.
How Big Could PARSIQ Get?
PARSIQ is a blockchain-to-everything platform, turning data into actions. Anyone can easily create their own monitoring and automation solutions. You can even build applications that incorporate PARSIQ triggers.
In short, PARSIQ solves the problem of connectivity between the isolated decentralized chains and the centralized databases that most of the world uses on a daily basis.
When you add together data for everything that anyone can use on a daily basis, you see the possible value of triggers. Blockchain oracles like LINK, BAND, and TRB combined have a market cap approaching $14 billion. But they only handle the real-world-to-blockchain half of a transaction.
PARSIQ's trigger technology handles the blockchain-to-real-world half. As the world wakes up to how important triggers are over the next 12 months, PRQ could quickly rocket from its $175 million market cap, as we write, to surpass BAND at $329 million. That's an easy twofold increase.
But PARSIQ is also working on reverse triggers. That means PARSIQ will be able to offer the entire cycle of real-world data moving on-chain and then triggering off-chain events. Successfully launching reverse triggers would put PARSIQ on par with the Graph – a top 60 crypto – and could send PRQ soaring to a $2 billion market cap... an 11-fold increase.
PARSIQ (PRQ) (2 Part)
PARSIQ has launched a well-designed portal that's easy to use. That's possible because PARSIQ has written its own programming language called ParsiQL that handles complicated operations out of the sight of users.
You can try out the PARSIQ portal yourself here. In minutes, you can create an account and then set up or build a trigger. For example, you could simply set up a trigger to notify you if you receive a crypto deposit in one of your wallets.
And soon, you'll be able to add "reverse triggers." Instead of monitoring blockchain transactions to trigger events in the real world, you'll be able to set up triggers that monitor the real world and then automatically trigger blockchain-based transactions. For example, you might write a simple reverse trigger that says, if my bank savings account balance is more than a certain amount, open my crypto wallet and exchange some Dai (DAI) for Wrapped Bitcoin (WBTC). Once the reverse trigger is activated, it will automatically execute.
PARSIQ boasts having more than 40,000 registered users and a pipeline of partnerships and integrations with some of the biggest players in the space, including crypto analytics platform Bloxy, oracle provider Chainlink, and the trading platform CoinMetro (XCM).
Plus, it's working on even more innovations.
I recently spoke with Tom Tirman, the CEO of PARSIQ, about the project's future. He told me that PARSIQ soon plans on rolling out what it calls "PublicProjects" where you can set up a trigger and then share it publicly. Creators of popular public triggers can even turn them into sources of income.
PARSIQ is also preparing to roll out its IQ Protocol, which will be open-sourced and allow outside organizations to integrate PARSIQ technology into other projects such as DeFi.
The project also plans to target large companies and enterprises to add to its client list this year.
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Silvergate Capital Corp (SI)
Silvergate Capital is one of the few U.S. banks to provide extensive digital currency services to institutional clients. It released fourth-quarter and year-end results yesterday, highlighting a surge in demand for the bank’s services.
One notable area of growth is its Silvergate Exchange Network (SEN), which we highlighted in our original write-up. It’s a digital payment system that allows its customers to send payments 24/7/365 to one another and are settled instantly.
Some of the biggest names in crypto like Coinbase, BinanceUS, and Gemini use the SEN. Last quarter alone, the SEN completed $91 billion in transfers, 6x the amount from one year prior. This helped grow digital currency income-related fees 127% in 2020.
Looking forward to the year ahead, Silvergate anticipates high demand for its SEN leverage loans. These loans allow its customers to obtain a U.S. dollar loan when they deposit bitcoin as collateral. It’s a great way for customers to cover expenses on a short notice without needing to sell their assets and trigger a taxable event.
We’re currently up 618% on Silvergate Capital. And we’ll continue watching this amazing company as it expands into the crypto sphere, provides services other banks shy away from, and benefits from an overlooked market.
Golem (GNT) / (GLM)
Golem is a supercomputer made up of the combined power of users’ machines around the world. It enables users and applications to rent out computing power when needed. Anyone can rent out their computing power, from a single PC to large data centers.
Last month, we updated you on Golem overhauling its architecture to make its marketplace more efficient with the transition to New Golem. This includes migrating GNT tokens to the new GLM tokens on Ethereum.
There’s no end date or deadline for the migration, so you can choose when you want to do this. For those who have yet to convert their GNT tokens to GLM tokens, visit the Golem Token Migration website. Once there, you’ll need to link your MetaMask and follow the instructions.
And if you want to add Golem to your portfolio, you can buy the new token on Binance, Uniswap, or Bittrex.
Ripple (XRP)
Ripple aims to be the leader in payment processing by using blockchain technology to make transactions faster, cheaper, and more secure.
On December 24, we notified you of the Securities and Exchange Commission (SEC)’s lawsuit against Ripple Labs, the company behind the Ripple payment network. The SEC claims Ripple should be treated as a security, not a cryptocurrency, and as such, Ripple Labs violated securities laws regarding disclosure of information.
Since this news broke, some of the largest crypto exchanges available to U.S. token holders have announced plans to suspend trading and delist XRP. However, you can still withdraw your XRP from these exchanges. As a result of this news, XRP’s price took a hit.
Now, as we laid out in our update, we believe Ripple has the resources to fight this suit and ultimately win. But we don’t know how long this process could take. So we’ve moved it to a“hold.” If you’re not comfortable with the volatility, you should follow your own risk tolerance profile.
For those who plan to continue holding XRP, we recommend you withdraw your XRP tokens from any exchanges and store it on one of our recommended wallets: Ledger, Exodus, or Trust Wallet.
If you followed our recommendation to send your XRP tokens to the Crypto com wallet an dapp before December 12 to prepare for the FLR token airdrop, you can continue holding your tokens in this wallet. If you wish to now move your tokens to one of our recommended wallets(Ledger, Exodus, or Trust Wallet), you’ll still be eligible to receive FLR tokens when the airdrop occurs.
Despite Ripple’s recent plunge in price, we’re still excited about the project. We believe Ripple will recover from this setback and demand for its services will continue to drive the project forward.
Bitcoin (BTC)
Bitcoin’s rising price only strengthens its appeal. As its price increases, more people are drawn to it from outside the crypto ecosystem. And the network grows stronger.
You see, as bitcoin’s price per unit rises, the cost to attack the network rises along with it. This makes bitcoin more appealing over the long haul.
Now, a well-documented type of attack other projects have fallen victim to is the 51% attack.This is where somebody controls more than half of the network’s hashrate… To do so, a hacker must purchase more than half of the computing power on the network.
Right now, bitcoin’s hashrate requires enough computing power to solve 150 quintillion (quintillion has 30 zeros) equations per second. Your home computer can do about one million per second. This means you’d need extremely expensive hardware - and lots of it - to attack the network. In fact, GoBitcoin io currently pegs the cost at $26.1 billion.
But say someone did have the necessary capital to attack the network. In the wake of the attack, the value of the bitcoin they acquire would quickly drop. This makes the appeal and capital risk not worth the effort. And it’s why the bitcoin network is so incredibly valuable.
It’s reasons like this we’ve seen major players getting involved. Like:
🔸Goldman Sachs exploring digital asset custody.
🔸Ruffer Investment of the U.K. adding bitcoin.
🔸Anthony Scaramucci, founder of SkyBridge Capital, expressing interest.
🔸The city of Miami looking at holding bitcoin.
🔸And other, more conservative, entities looking to add bitcoin exposure.
They’re all starting to view BTC as a store-of-value asset that’s poised for long-term growth in the face of inflation.
And for those on the fence on whether now is a good time to get involved… We see this trend having incredibly long legs. In fact, after bitcoin’s halving in 2016, prices didn’t peak until December 2017.
As you know, bitcoin’s most recent halving was in 2020. Applying a similar time horizon, that means we potentially have 11 more months of this bullish cycle ahead of us.
Owning bitcoin now is considered being ahead of the curve.
Saffron Finance (SFI)
Saffron Finance is a decentralized protocol that enables users to select custom risk profiles when lending. It does this by slicing debt pools into different layers and paying higher rates to those taking on more risk and lower rates to those taking on less risk.
Saffron launched its decentralized autonomous organization (DAO) governance system last month. This marks a pivotal moment in Saffron’s journey, where the keys to the protocol are now in the hands of the community.
And it means the community now collectively decides the direction the protocols take on, aligning their interests to community developments. Upcoming decisions the DAO might make include upgrades to the protocol, marketing ideas, hiring new developers, and resource allocations.
We’re excited to see where SFI holders decide to take the project now that the power is in the community’s hands. If other projects are any indication, they’ll likely make moves to accrue more value to the token, benefitting all token holders and attracting more investors.
With the total crypto market cap being down over 33% this month, coins like SFI have felt the selling pressure. We expect SFI to bounce back with the rest of the market after this market correction.
$EPSTEIN, an ERC-20 Token has seen great organic growth with 700+ holders and $5,000,000+ market cap before marketing has even started. The team claims they will be leaking never before seen video footage that has to do with Epstein. They have connections with global news outlets and will most likely make this coin go mainstream in the coming days/weeks. The team backs donations to charities to raise awareness for human trafficking too (can see a lot of people getting behind this). They are also in the final stages of being listed on Coin Gecko and CMC.
Check out their handles below:
Website: https://www.epsteintoken.com
Telegram: https://t.me/joinchat/L0x6EHQzsrcwMzMx
Discord: https://discord.com/invite/gYnByZjDTh
In all reality, we could see this token disrupting the crypto community based on its cause and the virality potential. The team seems to be very well connected. If they deliver, it will be interesting to see what happens.
Mirror Protocol (MIR)
Mirror Protocol brings real-world assets, like blue-chip stocks and the S&P 500, to the blockchain. Mirror also gives investors access to assets that aren’t available in their jurisdiction. The protocol aims to enable 24/7 equities trading worldwide by using its synthetic assets.
Mirror runs on the Terra Luna blockchain that utilizes Cosmos’ Tendermint and SDK framework. This blockchain gives it the speed, security, scalability, and cost efficiency Mirror Protocol needs.
This month, the team has been working hard to provide on-ramps for the MIR token. It’s creating liquidity, use cases, and giving investors the availability to buy MIR.
Mirror has also gotten exposure to mainstream crypto investors with its recent listings on major exchanges such as Coinbase, Cryptocom app, and KuCoin’s futures platform. Investors can easily buy MIR through multiple services.
And we expect to see an increase in demand for the token as a result.
On the adoption side, over $1.24 billion in assets have been minted on the platform. That’s a 434% increase in assets in three months. And more assets minted on the platform help generate profits for MIR token holders.
This major adoption of the MIR token has seen its price rise over 200% since we recommended it in February. With each month, investors are seeing the benefits of holding the MIR token, and the value of our investment increases.
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LTO Network (LTO) (2 Part)
How LTO Could Grow by 10X
As we write, there are currently 275,526,445 LTO tokens in circulation and LTO has a market cap of around $147 million.
Because we know LTO Network is used an average of 100,000 times every 24 hours (based on the chart above), we can do a quick back-of-the-envelope comparison to show how undervalued that is. Blocktivity info lists other top 25 blockchains with a similar number of transactions to LTO. On average, their market caps are 10 times larger than LTO.
If LTO simply catches up to its peers, its market cap would soar to $1.5 billion. That would make LTO a top 60 market cap coin.
Best of all, with every transaction that happens on LTO, 0.1 LTO tokens are destroyed. This deation puts upward price pressure on the tokens by making them scarcer. So as demand increases, the tokens get rarer. Put simply, as more customers use LTO for more transactions, we expect the token price to increase.
Given the project's current growth rate, we believe LTO tokens could easily soar 10 times within the next 12 to 24 months as more businesses begin adopting its technology. Now, LTO does face competition. It's not the only crypto project building business-tobusiness solutions. But LTO has something a lot of smaller projects don't... active customers.
And its solutions are already getting real-world use.
I realize business-to-business solutions aren't as exciting as bitcoin becoming gold 2.0 or Ethereum replacing traditional nance. But often, the greatest gains can be found in quieter, less exciting sectors.
Cisco Systems (CSCO) is a great example. It makes hardware for networking. There's nothing exotic about it, but everyone needs hardware. That's why Cisco was briey the world's most valuable company during the dot-com bubble.
Something similar could happen with LTO. It's bringing blockchain to businesses in ways that they can use right now.
DSLA Protocol's (DSLA) (3 Part)
The Risks and Potential Rewards of DSLA
We expect validators to get more efcient as the industry matures. They'll transition from hobbyists to professional shops with 24/7 teams. If that happens, there's a risk of validation services becoming too centralized. Everyone will want to delegate their tokens to one or two big players who might offer their own insurance or compensation systems if something goes wrong.
However, that risk can actually play to DSLA's advantage. Blockchains must remain decentralized so they can be neutral and trustworthy. If one or two companies run all the validators in the world, you can't really call a blockchain decentralized. But a truly decentralized solution like DSLA can ensure that users can choose to delegate to a lesserknown validator without risking their crypto holdings.
DSLA also needs to nd market demand and onboard enough validators to become the industry standard. We believe that's possible. DSLA recently partnered with Band Protocol, Cosmos, Harmony, and Polkadot to offer staking insurance on all those blockchains. If DSLA expands to other chains as well, it could easily become an industry standard that supports all PoS networks.
The project is still operating on a testnet. It's scheduled to launch on the Ethereum mainnet as early as the last week of March (contingent on successful security audits). And insuring delegators could just be one of many markets for DSLA. See, most of the world will never care about staking and validators. The real test for DSLA is if it can take what it has built and open it up for other industries like traditional insurance, royalties, risk pools, leases, and currency swaps. The list of transactions that could benet from DSLA is endless.
If we add together the combined market caps of all the leading PoS networks (including Ethereum, which is in the process of converting to PoS), we're looking at more than $300 billion in value. If staking on those networks pays out an average of 10%, that's $30 billion that could use some form of insurance.
DSLA will help protect that valuable stream of income. And the more usage it gets, the scarcer the tokens become. That's because DSLA has a built-in token burn function. Once it launches its mainnet, any bonus claims involving liquidity pools that contain DSLA tokens will trigger a DSLA utility burn.
Currently valued at a market cap of just $50 million, we think DSLA could grow to a $500 million market cap within three years. That would be a 10X return.
DSLA Protocol's (DSLA) (1 Part)
The smart money is also the more conservative money. It comes from retirement accounts, mutual funds, and endowments. It's money that can't be lost. And that's where DSLA Protocol's (DSLA) insurance comes in...
DSLA stands for "decentralized service-level agreements." Service-level agreements ("SLAs") are legally binding contracts that dene the quality of service a company is agreeing to provide to a customer. One of the most common examples of an SLA is between Internet service providers ("ISPs") and their customers. In an SLA, your ISP should spell out in plain language what sort of Internet service you can expect to receive. That may include things like download and upload speeds as well as estimates of the amount of downtime you may experience.
Up until now, most SLAs have happened the old-fashioned way. They've been printed out on sheets of paper and signed by two groups that know each other. DSLA is taking the concept, automating it, and making it possible for complete strangers to work together... even when enormous sums of money are at stake.
DSLA is focusing its SLA solutions on a new world problem: delegated staking. Staking is the process of locking up tokens in exchange for the right to process transactions on a blockchain and collect fees. Those fees can add up to impressive yields, frequently in the double digits. However, it requires setting up a validator, so you need some technical expertise.
Token holders who can't run their own validator can delegate their tokens... in effect, pooling their stake with a larger validator. The validators collect fees, and they share those fees with delegators. But what if you delegate your tokens to a bad validator? Slashing – having tokens taken away for publishing bad data or going ofine, even temporarily – is what keeps validators honest. But it's not just the validator who could have his or her tokens slashed... it's the delegators, too.
So you should never delegate your tokens to a validator if you're not condent that validator is up to the task. But it's not always easy to be condent if there's limited information available for a particular validator or if you're planning to stake a large amount. In short, how can token holders without the technical know-how to set up a validator properly vet a validator with limited information?
One way to protect yourself is to purchase a sort of insurance policy in case a validator misbehaves. That's DSLA Protocol's specialty. In effect, DSLA's SLAs act like an insurance policy for delegators. With an SLA in place, delegators are assured compensation in case anything goes wrong with the validator. It's automated insurance.
CryptEx is throwing $350,000 ☄️ into Staking on May, 10
What is CryptEx?
CryptEx is a B2B set of security services for Binance Smart Chain projects. CryptEx charges customers, and 50% of the fees go to its holders.
How to earn 50% of the fees?
All you have to do is stake $CRX from your wallet, and every time a client pays for CryptEx services, the stakers get 50% out of this payment. All the rewards are paid in 💰$BNB
Ask any question in the official CryptEx telegram chat 👉 @cryptexlocker
What about $100,000?
Since February 20, CryptEx provided services to 52 projects, charging them a total of over $100 000. However, staking has been released only on May 2.
After May 10, CryptEx will distribute 50% out of earned income between all CRX stakers. APY SHOULD BE ON FIRE 🔥.
Also, CRX Stakers are getting 1 000 000 DROPS (more than $250,000)during the airdrop. The snapshot will be recorded after May 10, at a random time.
Tiсker: $CRX
Max Supply: 100,000 CRX
Current Price: $36.88
FD MCap: $3,687,867
Network: Binance Smart Chain
Where to buy: 1Inch, ApeSwap, PancakeSwap V1
Join the chat: 🔥 @cryptexlocker
PARSIQ (PRQ) (1 Part)
Headquartered in crypto-friendly Estonia, has built a technology platform that serves as a bridge between the blockchain and the real world. The platform monitors on-chain activity and automatically triggers actions based on the data. PRQ is an ERC-20 token that powers the platform and all the activity on it.
While PARSIQ bills itself as empowering everything from traditional nancial institutions to decentralized nance (DeFi) projects, it expects to reach much further than that. We can see that by looking at its pricing structure.
First, PARSIQ offers free accounts that anyone in the world can use for triggers as simple as automatically posting to an online chat account when a certain event happens. This should appeal to billions of people who want to communicate up-to-date information online or receive a message when a trigger is activated.
A paid account is suitable for large corporations and enterprise clients who deal with massive numbers of transactions they need to integrate triggers into, such as our airline example. Any interaction or data could trigger any transaction or response... the number of possible triggers is mind-boggling.
There's also an account level between free and paid that PARSIQ calls "Hodlium" – a blend of crypto Internet meme "hodl" and "freemium." To access triggers with a Hodlium account, you're required to hold a certain amount of PRQ tokens. And each trigger you set up, or each address or smart contract you monitor, costs tokens. For example, if a small business wants to notify its customers when their account balances change or an order has been placed without maintaining an expensive and difcult database, it can set up a Hodlium account.
All of PARSIQ's triggers need PRQ to work. But the free and paid accounts don't require individual users to have PRQ of their own. That's because PARSIQ built a system to accommodate converting activity or at payments into PRQ so the customer doesn't have to worry about it.
The most important thing PARSIQ's pricing plans tell us is it has a real product that's already working for customers.
Hut 8 Mining (HUTMF)
Hut 8 mining is the largest bitcoin miner in North America, specializing in low-energy-cost mining. As of its latest quarterly filing, the company holds 2,851 bitcoins on its balance sheet, valued at roughly $105 million.
To maximize profits, Hut 8 opened a Bitcoin Yield Account in partnership with Genesis Global Capital earlier this month to earn interest on its bitcoin. Hut 8 made an initial deposit of 1,000 bitcoins, which will generate 4% in interest every year. At today’s prices, this equates to roughly $1.5 million in income and increases as bitcoin’s price climbs.
We’re currently up 913% on Hut 8 Mining due to the surge in bitcoin price over the past couple of months. And we’ll continue to watch its incredible growth.
Firo (FIRO) / Zcoin (XZC)
Firo, formerly known as Zcoin, suffered a 51% attack on Tuesday, January 19.
This is when a bad actor gains control of 51% of the computing power on the blockchain. Once they gain majority control, the hacker sells their tokens on an exchange and then rolls back the transactions as if they never occurred.
Due to Firo’s privacy features, we don't currently know how many coins were affected. If you didn't make a transaction between January 17 and January 19, your coins are safe.
The timing of this is unfortunate, as Firo is just weeks away from deploying Chainlocks. It’s a secondary validation layer that mitigates 51% attacks by using its masternodes to checkpoint every block. Once Chainlock is implemented, you would need to gain 51% of the mining power and 51% control over the masternodes, making these kinds of attacks more difficult to pull off.
These sorts of events are unfortunate, but they do happen with some of the smaller projects. That’s because the cost of obtaining enough computing power is much lower compared to the bigger projects.
This is why we preach caution and rational position sizing... And always holding your coins in a wallet where you control the keys whenever possible. Many tokens in our portfolio are still in the early stages, so we’ll likely see complications along the way. You should never invest more than you can afford to lose.
In the meantime, we recommend holding off on making a transaction with Firo until next week when Chainlocks is deployed to mainnet. We’re moving our position to a “hold” for now. And we’ll provide more information as events unfold.
NEM (XEM)
As you may recall, NEM is in the process of launching its new blockchain, Symbol.
Symbol will enable private networks to communicate with the public NEM blockchain. This ensures enterprises or organizations retain privacy while taking advantage of public blockchains.
When it launches, NEM token holders will earn 1 Symbol (XYM) for 1 XEM token they hold in the NEM wallet.
NEM is updating some code after its testnet and now plans to launch Symbol in February.We’ill alert you of any action you need to take as the Symbol mainnet launch approaches.
Until then, continue to hold your XEM tokens in the NEM wallet. Be sure your wallet is up to date and you’ve chosen to “opt in” to the token drop. You’ll have up to six years to claim your XYM tokens as long as you hold your XEM tokens in the NEM wallet at the time of the snapshot prior to the launch.
Ether (ETH)
Ethereum is home to the most developers in crypto with 2,300 working on the network on average per month. It’s also the network home to the most dApps with more than 3,000 to date.
With all these developers and applications being built, we’re beginning to see them interact with one another. And the first use case we’re beginning to see take off is one we’ve covered in these pages for the past few months, DeFi.
A useful metric to gauge how large DeFi is growing atop Ethereum’s network is total value locked (TVL). This tells us how much capital users are putting to use in applications that run on Ethereum.
Today, Ethereum’s TVL stands at $25.2 billion. That’s up from $831 million one year ago, a growth rate of 2,932%. And we believe it’s only the beginning.
That’s because Ethereum is addressing one of its choke points: scalability. When lots of transactions take place on the network, the cost to transact begins to rise in an attempt to ease congestion. Think of it like paying extra to get on the express lane while driving on the highway.
But this isn’t ideal for a decentralized network. So Ethereum is addressing this via ETH2 and Optimistics.
🔸ETH2 is a complete network overhaul. It’ll be where Ethereum moves from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus. And it’ll mean a massive leap forward in speed, scalability, and security. The first phase of this upgrade has already taken place,and the full transition to ETH2 should happen over the coming 12–18 months.
🔸Optimistics is a near-term solution Ethereum just launched on its network. It addresses current scalability issues by settling transactions off-chain and then bundling up the transaction on-chain when necessary. This is similar to ordering drinks at a bar and settling your tab at the end of the night. In a sense, when you settle your tab, it’s a bundle of transactions.
One of our other picks, Synthetix, is slowly rolling out Optimistics as well to help build confidence in it. As it does and more transactions take place off-chain, we expect to see TVL grow further as fewer users are forced out of the market on account of high transaction prices.
What’s important to remember is DeFi is only one use case for Ethereum. There are dozens of others that will gain traction over time, and that’s why Ethereum remains a central holding to any portfolio.
Despite Ethereum’s recent surge in price this month, I still feel it’s undervalued. Its DeFi use cases are rapidly expanding and scaling solutions are right around the corner. Ethereum could soon be worth $400 to $800 billion. That makes it a 2.5x to 5x gain from today’s prices.So we’re raising our buy-up-to price today to $1,800.
Crypto com Coin (CRO)
Crypto com is becoming a one-stop shop for banking. Users can buy, store, spend, and now conduct finance all within the app.
Earlier this month, the team released Lending. The new feature lets users receive instant loans by using their crypto as collateral. Accepted collateral currencies are BTC, ETH, LTC,and CRO. Crypto com plans to add more in the future.
In other news, Crypto com is stress testing its upcoming network built using the Cosmos software development kit (SDK). Once live, Crypto com will become interoperable with other crypto projects and improve account functions.
The new mainnet will improve user experience for Cryptocom’s 3 million-plus customers worldwide. And as the app’s services expand across the crypto space, more users will be attracted to it.
