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Editorial
It’s all about the bigger picture and the Moon Mag is a helping hand in making that happen. Enjoy!
Welcome to June, for those in the southern part of the world, the start of winter, which is currently reflected in crypto as well! Winter is where all the growth begins, it’s where we clear the land and plant the seeds for the next season, and like trading and investing, growth is in 5 stages with a pre-emergence of seeds planted. Over these next few issues, we are going to be planting the seeds for projects that have strong potential to be the next big thing come the bull run time or Crypto Summer! You’ll also notice our Moon Person on every issue, which has become our signature and what makes our magazine what it is! The MOON MAG! Enjoy!
We’re nearly halfway through the year now and 10 editions into the Moon Mag. From a trading perspective, we’ve been constantly watching BTC for the smallest of movements, looking for confirmation of a direction and making predictions based on numerous factors, both within the crypto market and outside! It’s been brutal and I’m sure many people have chosen to turn their head towards being a HODLer in the market. Whilst it’s far from being a sit back and relax investment strategy, it’s a lot less intense than keeping a constant eye on the market daily. Knowing when to change an investment strategy is a great skill to develop. Routine is favoured in human nature, the effort to change and adapt requires energy, which is something our body is constantly trying to harness (so why bother expending it?). Fotunately, we are also inherently great decision makers and have the ability to plan a bit further than the next meal. So how are your longer term plans and ideas looking? Is it time to scrutinise them, make a change to your current routine and realign your actions? Perhaps the extra energy spent now, digging out the projects with potential, will help your goals materialise in 6 months or a year?
A fromnoteLisa…
A note from Josh…
Defi Data Tools That Help You Analyze Your industry?doscalingWhatFreshCutInvestmentsEthereumsolutionwehaveinthe Qredo NetworkRender & RNDR Token 06 18 29 36 44 This magazine is sole property of gettingstartedincrypto.com and is not to be redistributed in any form anywhere else.
CONTRIBUTORS
I am a Quantitative Biology PhD student with a small addiction to crypto. One of my favorite things about crypto is its ability to revolutionize everything we do, from payments to culture. Real implementation and interoperability between projects are what I am passionate about in this space.
Kel Udeala
Aldrich (or Rhys to those in the Signals group!) has been HODL’ing since 2017 and is proud of surviving bear markets, rug pulls and still trading successfully enough to have paid off all debts. Recently, he’s jumped head-on into NFT projects - particularly ones that combine his love of gaming.
Daniel has been a blockchain technology evangelist since 2012 and is a faithful believer in the Crypto ecosystem. Daniel also writes for Coin Telegraph!
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I’m a quantitative analyst and a mechanical engineer. I took an interest in crypto because my line of work led me down the financial trading and investment rabbit hole, and it’s only a matter of time before you reach crypto. I enjoy researching different crypto projects, and attempting to forecast their roles in the future financial and technology systems. I also find the volatility of the charts and the resulting crypto-Twitter posts very thrilling.
Aldrich Shillian
Daniel Jimenez
Daniel Dudek
JimenezDanielbywritten
This represents a growth of approximately 38%, not to mention that this figure doubled at the beginning of this year during the bull market.
That is why it is recommended to use the different DeFi tools available to help analyze its ecosystem and find new investment opportunities, all in a more effective way.
Defi Data Tools That Help You Analyze Your Investments
However, the space can be overwhelming for beginners and sometimes, it becomes difficult to research and track investments, rather than actually allocating capital.
The decentralized finance (DeFi) market, with its exponential growth maintained over recent years, is one of the most lucrative markets to invest in the world of cryptocurrencies, given that it currently has a valuation in this sector of USD 110.52B, well above the $801.32M that this market presented in the same period two years ago according to DeFi Llama..
Still, the DeFi-related sector and the projects deployed within it continue to draw appreciative interest among investors of all sizes.
Although the list can be extensive and diverse, it must be taken into consideration that not all investors have the same investment strategy and actually have a different portfolio in this regard, which are two of the most essential aspects when deciding which DeFi tool to use.
Now, let’s take a look at some of the most popular DeFi tools available on the market.
These tools were launched a year apart and although they are very similar, each one has key features that differentiate them to adjust to every investor’s appetite.
• Top Decentralized Exchanges on CoinGecko by Trading Volume
In that sense, the best DeFi tool will vary from one investor to another due to their particular needs related to their assets as well as the investment strategy to deploy.
One of the first steps to venture into the world of decentralized finance (and cryptocurrencies in general), goes through two of the popular token analysis tools: CoinMarketCap and CoinGecko.
• Visualization of token historical data (price, market cap, trading volume, etc)
CoinGecko presents the following features for the DeFi sector:
Aspects to consider when selecting DeFi tools
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With many independent investors finding it difficult to enter the market due to the unfamiliarity with DeFi tools, numerous startups and software companies have been launching cryptocurrency products and services related to the sector for anyone to enter the market in a more accessible way. .
• Top Yield Farming Coins by Market Capi talization
One last point to take into consideration when choosing your DeFi tool is that not all of them are compatible with all DeFi protocols and tokens or platforms, so you should focus on locating the one that fits your portfolio needs.
Browser wallets and the attempt to ‘humanize’ wallet addresses are an example of the accessibility focus that these platforms are taking.
Some Defi Tools To Help You In Your Investment 1.- DeFi token analysis
• Top 100 DeFi coins by Market Capitaliza tion
• Data over 12,500 tokens
In addition, it is important to pay attention to the rapid changes in the market, which is why the most experienced cryptocurrency investors, who are liquidity providers and yield farmers, need a DeFi tool that offers them real-time information on their assets.
• Top DeFi Index Coins by Market Capital ization
• Coingecko provides a beginner’s guide a glossary
Remember to analyze the metrics that you need to visualize for your particular investment to later choose the DeFi platform that meets your needs.
• Newsletter, Glossary, Videos and Alexandria (una sección dedicada al análisis de lo mejor del espacio cripto-DeFi)
The platform presents a Newsletter, a video section, podcasts and analysis of the most important tokens in the ecosystem.
In return, CoinMarketCap has a similar information search criteria for DeFi sector tokens, including the following services:
• Top DeFi Tokens by Market Capitalization
• The Complete ICO Calendar
• Top Cryptocurrency Decentralized Exchanges
2.- Find & track crypto wallets on DeFi
To assist examination and monitoring of wallets under these categories these following tools can be used: Etherscan, DeBank and Glassnode.
• If a large percentage of tokens are on exchanges, it could mean that the holders are only there for the short term.
Just go to Token Tracker | Etherscan and you will see all the ERC tokens here. Then in the ‘Holders’ section, you can see by default how many wallets hold how much of a certain DeFi token.
Each information section about the selected DeFi token includes important metrics in real time such as volume, price, market capitalization, ATH, ROI and Markets, among other data of interest to any user.
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Your goal is to find wallets that have held great positions from the start. When analyzing the found information, you must take into account the following factors:
Etherscan is the go-to scanner in DeFi due to Ethereum’s dominance in the industry, with it you can get valuable information about certain DeFi token holders in bulk.
• If all the tokens are concentrated in a few accounts, it could be a bad sign, given that if they are sold, the price will crash.
The monitoring of crypto whales is a common practice among investors. Because these entities have a large amount of resources and information that can tip the market to one side of the scale, some try to emulate their portfolios to ensure profitability in the decentralized finance sector.
Thus, when selecting a particular token or protocol, you can intuitively examine all the metrics related to the large holders of the protocol and learn from their movements in the market.
For its part, DeBank offers a similar analysis for the same stated objective, that is to find successful crypto wallets in DeFi; only from a more organized analytical point of view.
Reviewing successful wallets is a great way to improve your investment portfolio and learn from the best in the DeFi industry.
Remember that when selecting a holder wallet for a particular token, you should examine whether it has had a track record of success by looking at its data on Etherscan.
3.- Tools for market research
• Tracks the TVL of over 800 DeFi protocols
It also allows users a variety of data analysis services such as tracking the dynamics of ERC20 on-chain metrics, weekly reports, and a reliable data source that many investors take into account when analyzing crypto projects.
Within this section, we find several interesting tools, like DeFi Llama, DeFi Pulse, Skew, Messari, DeFi Prime and DappRadar, to name a few. Let’s see its key features:
• Comparison tool between protocols and multiple blockchains in a few clicks
• A complete platform guide on the main blockchains such as Ethereum, BNB Chain, Polygon, Solana, Avalanche, among others
Glassnode is another great option for tracking large DeFi token holders. It is focused on the analysis of large transaction wallet addresses known as Crypto Whales.
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DeFi Llama
• Analysis of protocols in categories by DEX, assets, lending, insurance, options, staking, etc.
• Synthetic assets, DEX, and derivatives are some of the securities that can be found in this DeFi analyzer
• The DeFi List: Categorization of assets and protocols in the sector according to their vision in the market (lending, payments, insurance, infrastructure, etc)
• Easy tracking of the top operators in the DeFi market
DeFi Pulse
• Pioneers in the DeFi Pulse Index product, built on the V2 infrastructure of the Set Protocol that comprises the ten most popular tokens available on Ethereum so that investors can get exposure to them in a single asset
• DeFi Pulse Academy, Interviews, and News about DeFI are part of the aggregate you find in one place
• 100+ on-chain assets
• Offers custom dashboards to suit the users´ needs such as traders, investors, or researchers, with over 350 charts to choose from.
• Allows the data download in CSV format of your graphs.
DeFi Prime
• Focuses on promoting emerging projects and the most consoli dated of the Ethereum, Polygon, Solana, BNB Chain and Bitcoin blockchains.
Skew
• Mainly aimed at experienced investors, however this is not a limitation for newbies who want to learn about metrics in depth.
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• Focuses on providing analytical services for the DeFi community to educate, inform and connect the decentralized finance sector.
• Provides a broad overview of Bitcoin, and Ethereum derivatives market, including options interest and open volume, as well as volatility and flows.
• A good place to start to get fa miliar with low-entry tools for the DeFi sector.
• Ideal to explore different alternatives to the decentralized finance sector such as NFT, Games, and others.
Messari
DappRadar
• Detection, investigation and filter tool on more than 100 metrics and classifications.
• Advanced data analysis, and charts.
• It is an ideal site to look for decentralized applications on almost all the major public blockchains in the market, with more than 3,000 Dapps.
• Presents data for each selected Dapp as on-chain activity based on the application’s tracked smart contracts in real time.
• It is a crypto data aggregator for advanced traders who want a deeper look at the market through data analysis.
• It has a section for DeFi Dapps that allows you to view the TVL on chains, TLV Adjusted, and Top DeFi Dapps
Blox
• It targets enterprise players with features such as finan cial accounting and CPA tools, as well as transaction monitoring.
• Provides standardized metrics to compare DeFi projects
• Accessible key metrics for investors to determine the feasibility of investing in a project, such as P/S Ratio, P/E Ratio, and revenue per protocol
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• Over 100 listed projects
These tools focus on making traditional investors more accessible to the world of decentralized finance. Some of them with their particularities and strengths can be described below:
4.- Tools to Analyze DeFi Revenue
• Application for portfolio monitoring
Token Terminal
• Ideal for investors or users with a traditional financial background
• Used for accounting, tracking, and administration pur poses
LiquidFolio
• It allows portfolio monitoring and also group investigation, according to some criteria, likefees and non-permanent losses
• Used by investors to find the best liquidity pools to get the best returns mainly related to ERC20 tokens
• Recommended for advanced users with knowledge of queries under SQL coding
• Customization of queries for multiple databases of DeFi protocols on the market
• Focuses on helping liquidity providers manage their investment in the most popular protocols such as Uniswap, Curve, Balancer, 1INCH, etc.
• Real-time analysis of on-chain data
• Available data for chains such as Ethereum, Polygon, DAI, and, Optimism are publicly available
Dune Analytics
• All data and queries made in Dune analytics are public and shared with the community, which is why they were one of the leaders in the space for four years
5.- Complete Analysis Tools
In this section,are some outstanding analysis tools to offer the DeFi user ‘all in one’, to visualize the data and sector metrics at the user’s choice.
With the right tools and the time needed to manipulate them, you can have a more wise approach when selecting a set of DeFi tokens that you want to be part of your investment portfolio.
• Supports 18 data strings for queries
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Footprint Analytics
• No coding required to exercise queries
• Simple drag and drop interface
Final Thoughts
• Simple and easy to analyze data
The previous list is, by no means, an exhaustive list of the DeFi data analysis tools available in the industry, but an attempt to bring investors closer to a wide range of possibilities that the decentralized finance sector is offering to thousands of users every day.
The vast majority of these decentralized applications are moving on Ethereum, due to its relevance in the size of the market it presents, for being the first public blockchain network that used the programming of smart contracts to execute specific decentralized functions, thus causing a point of inflection where congestion has been present.
We are in a time of increased adoption of blockchain technology in many facets of our daily lives: finance, games, other health passports, and logistics, among others.
Given such a scenario of lack of scalability coupled with the demand for the use of this blockchain network these days, its transaction fees are becoming increasingly unsustainable; even when there have been improvements since the entry of the EIP 1559 proposal to reduce this increase in the gas rate.
All of the above occurs while we are in a scheduled phase where Ethereum is supposed to migrate to a new consensus mechanism, leaving behind the PoW algorithm as a first step before emerging into a more effective scaling solution that will allow, together with the implementation of shards and eWASM, the desired and expected scalability promised 8 years ago for the new Ethereum 2.0.
What scalingEthereumsolution do we have in the industry?
Congestion that is worth remembering has been due to a rigid architecture that the Ethereum virtual machine has, popularly known as EVM, which in simple words, does not allow it to be able to process even a hundred transactions per second.
JimenezDanielbywritten
Now, the appearance of new working scaling solutions for those in the upper layer of Ethereum (L1) as well as in sidechains of the public blockchain network of the ecosystem to help investors and users to be able to use the thousands of Dapps in the industry at the best cost-benefit ratio are evident, given that, there are more than fifty L1/L2 Ethereum solutions in the industry that are serving as an alternative route for every investor to consider when entering the dApps sector.
Due to its architecture, the Polkadot network is secure and sovereign, allowing the deployment of a vast ecosystem that has categorized it as the Ethereum Killer.
In this way, Polkadot brings together the best features from multiple specialized blockchains and strengthens the whole ecosystem. Due to its advanced design, Polkadot wins over other existing and legacy networks on different fronts, like, scalability, interoperability, specialization, forkless upgrades, governance,power of community, Ecosystem, and others.
Polkadot
If we talk about scalable solutions, we must first mention Polkadot for many reasons. Unlike other blockchains, Polkadot is a next-generation blockchain protocol that consists of an entire network of separate blockchains that operate as one mechanism.
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Many of these solutions focus on the main trends to dominate this year in the industry such as DeFi, GameFi, Metaverse and Web3.
• Average transaction cost on Polkadot is about 0.016-0.2 DOT (~$0.2)
• Many well-known investment funds are involved in the parachains, such as Moonbeam, Astar, Acala, Efinity, and Parallel.
And best of all, you can count on applications with very low transaction costs and move assets between chains like Ethereum, Cosmos or BNB Chain to do almost anything you want to do as if you were on Ethereum.
• ~300 : The total number of blockchain and dApps on Polkadot
• Connectivity with other blockchain networks such as Ethereum
But beyond its technological benefits that translate into optimal performance at the user level and as a developer of Dapps, some key features that every average investor should take into account when looking for assets within their ecosystem are:
• Its DOT token is one of the 15 largest cryptocurrencies with a total of more than USD 10,000 million of total market capitalization that can be obtained through governance in its ecosystem.
• Solutions you can find in Polkadot Ecosystem: GameFi, DeFi, DAO, Bridge, Lending, Launchpad, DEX, Insurance, Wallet, Metaverse, Oracle, etc.
• It has a team of respectable investors in the industry: Three Arrows Capital, CoinFund, Kenetic Capital, Genesis Block, and NGC and +50.
• Polkadot raised $145 million on 2017 and nearly $43M at $1.2B valuation in the Second Private Sale Round on 2020.
• $19.2B: Total Market Share of the entire Polkadot Ecosystem
The Polkadot ecosystem is full of many well-performing solutions in the industry as well as on Ethereum. Some of its emblematic projects are within the Top 100 by market capitalization (Kusama, Astar, Acala Token or Reef are some good examples).
• Theoretically supports up to 100,000 transactions per second (VISA handles an average of 65k TPS)
Polygon is a Layer-2 scaling solution created to bring mass adoption to Ethereum. It caters to the diverse needs of developers by providing tools to create scalable dApps that prioritize performance, UX, & security.
and is not to be
Polygon
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form anywhere else.
Source: COIN98
Polygon’s massive popularity is due to its scalability and its team’s strong promotion to show that applications on Ethereum could seamlessly migrate to its network after Ethereum gas prices exploded in the middle of last year, which were reasons enough for this network to achieve significant growth.
in
• The total market capitalization of the entire Polygon ecosystem is about $26.816 million.
• Security: Operators of polygon chains are also stakeholders in the PoS system.
• It is backed by Consensys, the drivers behind Ethereum
• High throughput: On the internal testnet, it was able to reach up to 7,000 TPS on a single side chain. For horizontal scaling, many chains will be created.
Key Features:
On the user level, their interaction is quite simple, just add the Polygon network to your non-custodial wallet like Metamask and start exploring the different decentralized application options available in its ecosystem ranging from DeFi to NFT.
Polygon is a smart contract platform based on the ecosystem of different protocols that develop its network effect, making its scalability show in the velocity that its deployed dapps can reach (up to 7,000 TPS), along with a low-cost transaction that sometimes gets to hundredths of dollars.
Its ecosystem is quite rich and bast, and presents itself as an “add-on” to Ethereum; there are more than 800 dApps deployed on its network, an achievement due to the Ethereum network effect capitalized on by Polygon at the worst times of Ethereum congestion.
• MATIC, the native token that moves the entire Polygon ecosystem, is among the Top 20 assets in the crypto ecosystem with $5.5 billion market capitalization.
Contrary to BNB Chain (critical for its centralization), at Polygon the image is both decentralization, and, to complement Ethereum, rather than, being its competitor.
• There are more than 800 deployed dApps from all sectors in the blockchain industry on the Poly gon Network.
• Availability: On Polygon sidechains, transactions are quick, low-cost, and safe, with finality on the mainchain and Ethereum as the first suitable Layer 1 base chain.
• Public sidechains: Unlike individual dApp chains, Matic sidechains are open to the public, permis sionless, and capable of supporting numerous protocols.
Even when there are large blockchain platforms that seek to solve the problem of scalability of Ethereum and,in return, also guarantee the interoperability within the principal DeFi ecosystem and decentralized applications in the industry, there are some reasons to, instead, choose Avalanche Blockchain.
It currently has the highest number of validators in its network, with 1,575 validators with numbers above Cosmos (125) or Polygon (100) and slightly below Solana (1,734).
Avalanche is built on its consensus mechanism, based on the Byzantine fault-tolerance protocol, and the network can achieve a throughput of up to 4,500 transactions per second (TPS), while preserving proper decentralization.
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Its mainnet went live in late 2020 and it has an Ethereum development toolkit that allows independent validators to participate as full block
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Avalanche
low latency block times in the execution of its smart contracts while offering full compatibility with EVM (Ethereum Virtual Machine), being one of the best performing layer 1 solutions on the market.
Avalanche’s architecture centers around three integrated blockchains validated by a common set of validators, unlike other networks that use a virtual machine and a blockchain for their applications.
Avalanche is a layer 1 open source platform that enables the launch of decentralized finance applications and enterprise blockchain deployments in a highly scalable and interoperable ecosystem.
Focused on scalability and ease of use, Avalanche provides the necessary tools to create custom blockchains called subnets or subnets. A subnetwork is an independent blockchain on the Avalanche network run by its own set of validators.
• The marketcap of the Avalanche Network ecosystem reaches $98.972 million at the time of writing this post.
• Over half a million unique addresses are using Avalanche. For reference, that is over 5 times the number of monthly addresses on Ethereum’s most popular L2 Arbitrum.
VenturesCCKSource:
The latter is what has allowed Avalanche to reach transactions on its blockchain in less than a second on average, in contrast to Ethereum, for example, which takes an average of 14 seconds.
• Transaction fees on Avalanche are based on Ethereum’s dynamic fees (EIP-1559), setting a gas fee limit and a limit on gas “tip”, and as a result, Avalanche rates are much cheaper.
• The Avalanche blockchain has the ability to perform 4,500 transactions per second, vastly outperforming Ethereum.
• The average cost of a transaction on this network is about $0.03.
• Transactions made on the Avalanche blockchain take less than a second to confirm. On the Ethereum blockchain the time is 14 seconds.
• The native token of the platform, AVAX, is located at number 12 in the general ranking of cryptocurrencies after a price growth of 1,100% in the previous year.
Key Features:
Solana
Proof of History (PoH) along with Tower BFT, Turbine technologies, and Replicator nodes provide the Solana blockchain scalability, reduced block time, and high transaction capacity.
Lighting speed transaction is the core feature of the Solana blockchain since it strongly affects user experience. Imagine waiting for a long time to complete a transaction while using other old-fashioned and limited blockchain platforms.
The Solana Ecosystem. Source: Solanians
Solana supports over 60,000 transactions per second, making it the world’s highest-performing, most scalable, and permissionless blockchain. These transactions carry low commissions of $0.000001 per transaction, simplifying their daily use.
Solana (SOL) is a third-generation blockchain designed exclusively for DApps that aims to be an alternative to Ethereum, by offering a highly scalable, secure and decentralized platform.
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The Solana ecosystem, starting with a few DeFi projects, is now skyrocketing with hundreds of projects that created a solid network uniting the power of the Solana community.
It is currently one of the networks with the lowest transaction fees on the market, resulting in a high number of developers and companies showing interest in its adoption to deploy their use cases.
Its great speed in executing transactions has allowed it to be cataloged as the new “VISA” of the blockchain industry.
• TPS: ~2,000 TPS. 50,000 - 65,000 TPS Theoretically.
• To follow the NFT (Non-Fungible Token) trend, numerous projects have been launched to stir up the market, showing the ability of the Solana ecosystem to reach out to the top blockchain.
• Blocktime: 400ms.
Launched in September 2020, Binance Smart Chain (BSC) features a five-second block time, cross-chain asset transfers, Ethereum Virtual Machine (EVM) support, and an Authorized Proof-of-Stake consensus protocol to ensure scalability in its chain.
• More than $7.5B TVL on DeFi Projects
Key Features
• Avg. Tx fee: 0.000005 SOL ~ $0.00075.
• Around 400 projects ranging from DeFi, Web3 applications, games/metaverses, and NFTs have been built on top of the Solana Blockchain, showing the accelerated expansion of Solana in the crypto world.
• +25 projects are built on top of the Serum liquidity center, considered a smaller ecosystem under the Solana ecosystem. The project ambition is to acquire more users and developers to the ecosystem in 2022.
• Solana-based projects inherit all the blockchain platform advanced technologies,such as highspeed transactions with low TX fees. Every transaction is completed in a blink of an eye,seamless and smooth.
• $314,000,000 raised by Solana Labs during a private fundraising round.
Binance decided to launch this public blockchain network because of the burgeoning decentralized finance (DeFi) market and to provide an alternative to Ethereum in terms of speed and low transaction costs, making it the highest used blockchain, with more than 658,000 unique users in July 2021, according to the latest DappRadar report.
BNB Chain (Previously BSC)
BNB Chain is a blockchain network built to run smart contract-based applications in parallel with the native Binance Chain (BC), allowing users to get the best of both worlds: BC’s high transaction capacity and the functionality of BSC’s smart contracts.
• EVM-compatible, allowing dApps from other EVM-compatible blockchains to be deployed easily.
Although it works in parallel with BC, it is imperative to mention that Binance Smart Chain is an independent blockchain which implies that if BC ceases to function, BSC will continue to carry out its technical and commercial functions.
Binance Chain and Binance Smart Chain can communicate freely with each other, even when BSC’s not a layer 2 solution, allowing users to move their tokens or assets between both chains seamlessly, thus ensuring native interoperability.
• BSC’s TVL grew from $0.3 to over $18 billion in 2021. DeFi will continue to lead in terms of TVL in the ecosystem.
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One of the great benefits of BSC is that it allows to run decentralized applications based on Ethereum thanks to its compatibility with EVM, allowing developers to migrate or create frictionless dApps, and help users to manage their digital assets on-chain with low latency and large capacity, with applications like Metamask.
• MarketCap of the BNB Chain ecosystem is about 19 million dollars on average.
The blockchain uses chosen validators (21 in total) who take turns confirming transactions on the network and are tasked with producing the blocks under the PoA consensus.
• Currently the Binance blockchain hosts a complete and varied ecosystem of more than 1,500 applications, the second after Ethereum
Key Features:
• TPS ~ 160 transactions per second
BSC also implements “slashing” to discourage malicious actors from validating inaccurate or double-signed transactions. Slashing is designed to expose an attacker and make his attempts extremely expensive to execute.
• Backed by Binance Exchange, the world’s leading exchange for cryptocurrency trading
BSC combines both Delegated PoS and Proof-of-Authority (PoA) to achieve their consensus on the network and maintain the security of the blockchain. PoA is known to thwart 51% -type attacks, as well as its tolerance for Byzantine attacks.
BNB stakers choose21 validators every 24 hours, allowing anyone to be a validator, but only those belonging to the 21 nodes with the most bets will be chosen for the next set of validators.
• Serves as an alternative bridge to Ethereum within the listed second generation blockchain plat forms.
• Low transaction costs, on average about $0.5
• Blocktime: 75 seconds
• The BNB Chain is faster and cheaper than Ethereum, and also much more centralized.
• BSC is now one of the world’s largest decentralized blockchains, delivering innovative services to millions of users. BSC has grown to over 7 million transactions and 1.3 million active users on a typical day, with over 1,150 dApps on the network.
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For an investor to choose one network other than Ethereum to enter the world of decentralized finance or the blockchain gaming sector, to name a few exemplary use cases in the industry will largely depend on the comfort and knowledge that each user has when interacting with the different dapps deployed in these ecosystems.
It is important to note that there are some options that may not be so popular even today, but they do play a vital role in this new blockchain infrastructure to complement the market for decentralized applications around Ethereum, among which we can mention Near Protocol, Algorand, Celo, Cronos, Cosmos, Cardano, Fantom, Tron and Stellar, naming a few other options.
Final Thoughts
The blockchain networks presented here are an appendix of the new solutions in the industry to cover the market share left by the deployment delay of Ethereum 2.0; also to complement the market growth that Ethereum is not managing to supply to, due to its scalability problems that result in high transaction fees both at the development level and user level.
The QredoDeFiofmigrationgreatTradFitowith
written by Daniel Dudek
In total
In the cryptocurrency space, there’s one principle that is heavily emphasized, “not your keys, not your wallet.” This is obvious as crypto allows you to be your own bank. Why would you ever keep your funds on a centralized exchange where you expose yourself to the risk of losing your assets and unable to access Decentralized Finance (DeFi)? However, traditional finance traders (TradFi) migrating to DeFi don’t have the option. They are forced to use centralized custodians to legally participate which introduce counterparty and regulatory risk. Qredo is the bridge between TradFi and DeFi by solving the problems of centralized custody, the insecurity of DeFi transactions, faulty transaction relaying, the lack of compliance, interoperability between blockchains, and the data incompatibility between TradFi and DeFi. Qredo is the solution and has been designed by TradFi industry leaders which will enable the great “Wall of Money” to flow into crypto.
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include Coinbase or FTX.
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pairs on 23 exchanges. However,
are 27
Token Information All Data Is Current At Time Of Writing Current Price: $0.6079 Total Supply: 2,000,000,000 / MC: ~1.2 bln Circulating Supply: 67,409,195.60 / MC: ~41 mln Contract Address: ETH: 35b56c24630x4123a133ae3c521fd134d7b13a2dec Token Allocation Total Token Sale: 11.216% Team: 22% Advisors: 3.7% Investors: 34.3% QREDO Distribution: 10% Initial Validators: 4% Ecosystem: 11% Treasury / Reserve 3.784% Twitterhttps://www.qredo.com/qredo-token-paper.pdfTokenhttps://www.qredo.com/qredo-litepaper.pdfLitehttps://www.qredo.com/qredo-white-paper.pdfWhitehttps://www.qredo.com/WebsitePaper(~30min)Paper(~10min)Paper(~10min)https://twitter.com/QredoNetwork?s=20&t=tQZqKp_ZnPHvBxvEairLuQ Marketshttps://discord.gg/bgVPvf6Discordhttps://t.me/qredonetworkTelegram
https://www.linkedin.com/in/anthony-foy-ceo/
Anthony Foy Chief Executive Officer
Brian Spector Chief Product and Technology Officer
TeamCore
Anthony Foy is a 17-year veteran CEO and a serial entrepreneur having numerous successful exits running VC-backed growth companies, making him the ideal leader when he started his tenure at Qredo in February of 2019. Since then, they have attracted some of the largest names in crypto as partners and investors, including Metamask Institutional, Coinbase, Celsius, and much more. It is of no surprise that the success Anthony has had in his near two-decade journey of being a career CEO has helped steer this company and technology in the right direction.
Josh Goodbody Chief Operating Officer
https://www.linkedin.com/in/josh-goodbody-815a7a36/
Josh is the prime example of Tradfi migrating to DeFi. From June 2015 to November 2015, he acted as a VP at J.P. Morgan Asset Management, then as legal counsel at State Street for the following two years. That marked the end of his traditional finance path. From that point on, he become head of legal for the fintech company Autilla, was an advisor for Equilibrium, Global General Counsel for Huobi Global, Corporate Counsel at Binance, and then Executive Director of Binance Markets Limited prior to his position of COO at Qredo. He is a veteran in the Tradfi world who took the time to understand the issues of entry into crypto and is now part of the solution of bringing TradFi into DeFi on a larger scale.
https://www.linkedin.com/in/brianspector/
Brian Spector was the CEO of Qredo from August 2017 to February 2019, when Anthony took over. Now the CPTO, Brian is responsible for the product management and technology strategy. He has had experience working in business development at several digital security firms as well as being VP of Corporate and Business Development at Workshare (raised 61 mln and acquired in 2012) and CEO of MIRACL from September 2009 to January 2017. At MIRACL, Brian aimed to productize the cryptographic authentication protocols research done by Dr. Mike Scott. Qredo was the next logical step for a talented individual with the background he has.
a suite of use-cases the market has a strong desire for. These being decentralized custody, encrypted trader chat, treasury services, cross-chain credit facilities, counterparty wallets, DeFi hub, liquidity hub, relayer, click-to-cover insurance, and travel rule compliance. Those of you in the traditional finance space, these use cases likely resonate with you and you can see the necessity for these applications within the crypto ecosystem. Those of you who aren’t, you may want to look into this service as an option for storing assets and partake in the potential upside. Either way, Qredo provides functionality to any skill level trader or investor.
Qredo is not just another ERC-20, BEP-20, etc token with little to no functionality. It is often argued whether or not most projects even require a token but have one purely for monetary incentive purposes. This is a combined institutional grade Layer 2 and Layer 3 network model designed at solving centralized custody, privacy issues within DeFi, data incompatibility between TradFi and DeFi, and interoperability between blockchains. $QRDO is the token to access this institutional grade decentralized custody solution and make use of it’s many benefits. If you are a small volume trader or have limited assets under management (AUM) simply holding the token doesn’t necessarily yield any rewards but creating a wallet and using their institutional grade decentralized custody solution is a viable option. For large volume traders, there are incentives for using the network to perform all trades, such as cashback on fees that are paid in $QRDO (calculated in USD then converted to $QRDO). For custody users, you earn a percentage of the emission of tokens per block equal to your percentage of the total amount of assets under management. Since this is an institutional grade product aimed for enterprise adoption, the amount of AUM in comparison to a small individual trader would be so vast that individuals with $10,000 or less would likely yield very little in the percentage of emissions earned. Validators are eligible for rewards based on the amount of total stake (both delegated and staked for validator
Qredorequirements).isoffering
What is the unique opportunity presented and how can you benefit from Qredo $QRDO?
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$QRDO Qredo is unlike any other technology stack. The only other token and platform that is addressing similar issues at this level would be the Quant Network $QNT. Both of these platforms are backed by massive massive amounts institutional capital and network adoption. The distinct difference from the surface is that $QNT is solving interoperability between all blockchains and traditional databases.
Market Opportunity
Truly an anything to anything solution. Qredo seems to emphasize decentralized custody and interoperability between blockchains to enable easy access to DeFi in a regulatory compliant manner for TradFi. Either way, if you scroll through cryptotwitter you may sense that interoperability is an issue that hasn’t been solved. However, it already has been through both of these technology stacks.
The Technology Stack
Their roadmap moving forward is to continue on the path of decentralization, integrate requested digital assets, and onboard more institutions. It is important to highlight the core technology is complete and not reliant upon a group of developers who may never deliver on their roadmap. Unfortunately, the world of crypto is full of hopium and empty promises. You will sleep easy knowing that Qredo is in a great position to execute all roadmap goals.
Partners & Investors
Qredo’s technology has attracted some of the largest and most notorious names in crypto, i.e. coinbase, 10T, Metamask Institutional, Celsius, Deribit, and many others. It is a monumental task to create a product that would attract even one of these names. This shows the level of market demand for what Qredo is providing. This company has met the gold standard of partners and investors. As we have all experienced recently, the market can be unrelenting in its ability to destroy projects, draining the pools of funding from developers. This is the time when the partnerships Qredo has is most beneficial. You can allocate knowing that what you have invested in isn’t dependent on the performance of the token. The novel technology being discussed in this article will be built upon during the bear market, integrated, and used by all of the partners listed, whether it is apparent or not, and will likely rise to the highest ranks in the industry, reflecting its strong fundamental value.
The RoadMap
Qredo is unlike many other technologies in the crypto space in that they have a functioning application already and are onboarding institutions. DeFi Hub, trader chat, travel rule compliance, decentralized custody, enterprise-grade crypto wallets, cross-chain swaps, and layer 2 trading and settlement are all features that are active at this point in 2022. Not only are the core features ready but the main large-cap tokens are all integrated into the platform, i.e. BTC, ETH, USDT, USDC, ALGO, SOL, DOT, BNB.
To me, Qredo is an absolute necessity if we want to see this market grow. Over the decade, crypto has been heavily retail driven, along with investment funds. However, the “Wall of Money” people are waiting for are from companies, sovereign wealth funds, university endowments, financial institutions, and the likes all allocating capital. In order for all of the money to flow into the market, security, privacy, and regulation must be addressed. Qredo solves several of the TradFi issues for entering the market. Many people are misled by the price of tokens for how large the crypto market actually is. Let’s put this in perspective. We are sitting around a $1.5 trillion market capitalization currently (thanks largely to Bitcoin and Ethereum). This is a drop in the ocean of all the world’s money and markets. In April of 2020, all stock markets equated to $89.5 trillion in marketcap, total value of broad money equated to $96.5 trillion, global debt was $253 trillion, and the notional value of the derivatives market was $1 quadrillion. When people discuss the wall of money that will eventually be allocated to crypto, as you can see, it is substantial. Without the services Qredo is supplying, the dam will never break and the money will never flow. Qredo, Metamask Institutional, and other technologies building the bridge for traditional finance to migrate to decentralized finance are going to be essential moving into the future. In 5-10 years when these large institutions have allocated and are all in some way, shape, or form utilizing Qredo $QRDO to participate, what will the token be worth then, the current price of $0.60? Probably not.
Conclusion
written by Kel
Render Network & RNDR Token
The Render Network provides decentralised graphics processing solutions at a fraction of the cost and speed of conventional in-house solutions. The network connects users looking to perform visual rendering tasks with people who have idle graphics processing units (GPUs) and can provide the required computational power. The RNDR is the token that incentivises participation in the GPUnetwork.owners can connect to the Render Network and complete tasks using OctaneRender – a rendering application with real-time capability developed by graphics software company OTOY Inc.
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Overall, the project seeks to surmount the scalability issues of traditional render technologies by efficiently managing an army of decentralised GPUs. It also seeks to eschew traditionally inefficient and wasteful Proof-ofWork mining by applying GPU resources to their original design intentions.
The Render Network will scale rendering resources faster than traditional techniques by leveraging the standard but mostly idle rendering components on PCs, tablets and mobile phones. Its utility does not stop there; the network also provides content creators with Digital Rights Management (DMR). Furthermore, with the blockchain and the ledger-based storage protocol of the RNDR network, artists can store and access their designs and creations.
All Data Is Current At Time Of Writing
Total Supply: 530,962,614
Ethereum Contract Address: b27e4aeb240x6de037ef9ad2725eb40118bb1702eb
The Render Network can become a critical infrastructure in the proliferation of the metaverse narrative. It can help ease any supply chain issues that may arise from semiconductor shortages or the diversion of GPU resources to other types of cryptocurrency mining.
Token MarketingAllocationandExpansion: 20% Network Development: 25% Third-Party Services: 10% Unforeseen Roadblocks: 5% Future Development: 40%
Data
Users would send RNDR to the individual performing the render work, and OTOY would receive a small percentage of RNDR for facilitating the transaction and running the Render Network.
CirculatingEthereum Supply: 242,706,715
Max Supply: 530,962,614
Idle GPU capacities on the Render Network become ‘Node Operators’, earning RNDR tokens, and users that require GPU processing power for tasks are ‘Creators’.
Alternatively, individuals who want to use the network but are unfamiliar with cryptocurrencies can purchase RNDR credits using PayPal and Stripe directly through the RNDR Portal on rndr.otoy.com. RNDR Tokens purchased from crypto exchanges by the RNDR Team directly back RNDR credits. Hence, when a creator pays for a job using RNDR Credits, node operators are paid out in RNDR Tokens.
Where to purchase RNDR token
Website https://render.x.io/ White Paper cds%3AUS%3Ad442da8a-067e-490f-88link/track?uri=urn%3Aaaid%3Ashttps://acrobat.adobe.com/cf-2c4511016ff7#pageNum=10 Twitter https://twitter.com/RenderToken Telegram https://t.co/ZR1afCRPHj Medium https://medium.com/render-token
The RNDR token is available on the decentralised exchange Uniswap using its Ethereum contract address. On the other hand, major centralised exchanges such as Binance, Coinbase, Crypto.Com, FTX, Gate.io, Gemini, Huobi Global, Kraken, Kucoin have listed the token with high liquidity.
Jules RenderFounder,UrbachOTOYandNetwork
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Philip Gara is the Director of Strategy at OTOY. He is involved in building an open holographic metaverse, undertakes project management for VR/AR productions, and oversees customer support and strategy for the Render Network. Before working at OTOY and involvement in the Render Network, Philip was part of the founding team and the Growth Lead at Fold, an authoring and publishing platform for creating modular multimedia stories, where he developed business plans and product strategies. He earned a bachelor’s degree in History from Brown University and an MBA at the MIT Sloan School of Management.
/in/phillipgara/https://www.linkedin.com
Jules launched the Render Network in 2016 and seeks for the Render Network to be a significant infrastructure in the proliferation of an open metaverse. He is the current CEO of OTOY, the cloud graphics company behind OctaneRender and the Render Network. Jules has over two decades of experience in computer graphics, streaming and rendering technology, garnering respect and a ‘pioneer’ status within the industry. He developed his first game at 18 years old and subsequently created the web’s first 3D video game platform, which he licensed to Macromedia, Disney, Warner Brothers, Nickelodeon, Microsoft, Hasbro and AT&T. Jules has featured in numerous publications, including Forbes, CNN Money, and All Things Digital. George Gilder, a Technology Writer, hailed Jules as “the most inventive software engineer he has ever met”.
DirectorPhilliphttps://twitter.com/JulesUrbachGaraofStrategy,OTOY
Core team
Matthew is the Lead Engineer at OTOY, where he has authored Ethereum smart contracts using Solidity and Open Zeppelin. He also created secure APIs to listen for Ethereum events and communicate with both the blockchain and internal systems, and many more tasks, ensuring the success of the Render Network. Before taking the role of Lead Engineer at OTOY, Mathew worked as a Blockchain Engineer and Senior Blockchain Engineer at OTOY. He has also worked as a Risk Assurance Associate at PricewaterhouseCoopers and held the role of Full Stack Software Engineer at ‘Currency’, a FinTech company in California specialising in transaction enablement. Before acquiring a range of software engineering skills and accreditations, Mathew earned a bachelor’s degree in Accounting, marketing, and Entrepreneurship from the University of Louiseville.
Matthew McClure Lead Engineer, OTOY
Jayson Kleinman Project Manager, OTOY
Jayson is the Project Manager at OTOY for the Render Token. In the four years he has spent as Project Manager, Jayson has crafted the communications strategy for the Render Network, overseen customer support, and created the RNDR user manual. He also raised $6.6 million for charity in collaboration with the Open Earth Foundation on CarbonDrop, developed the central RNDR Knowledge Base (know. rendertoken.com) and many more achievements. Jayson earned a bachelor’s degree in History from Northeastern University, with a double minor in Criminal Justice and International Affairs.
mcclurematthew/https://www.linkedin.com/in/jayson-kleinman-3533b071/https://www.linkedin.com/in/
What does RNDR do for investors?
The diagram shows the growth of total addresses with the RNDR token over time, and it has been growing in lockstep with the metaverse and NFT narrative. If the industry continues its growth and the demand for RNDR continues to grow, the network and its token can become significantly valuable.
The RNDR token is a pure utility token rewarding the contribution of computing resources from GPUs. As discussed further in the next section, the value accrual potential of simply holding the token can be significant. The Render Network seeks to be the de facto computing infrastructure for rendering the metaverse. Given the considerable growth in the metaverse narrative and its potential for continued exponential growth thanks to companies like Adidas, Nike, Coca Cola, PWC, HSBS and more, the RNDR token’s value could appreciate considerably if the network achieves its vision. Coupled with the growth of Decentraland, The Sandbox and even Zilliqa offering its metaverse-as-a-service, we have to ask, ‘who’s going to render all these metaverse assets, and with what computing power?’ In answering this question, one can see the true value proposition of a decentralised and distributed graphics rendering infrastructure to serve the metaverse.
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Computing resources for graphics rendering do not only apply to the metaverse and NFTs. There has been significant growth in virtual reality, augmented reality and mixed reality in many industries, including manufacturing, medicine, engineering, and the burgeoning gaming and film industries. Firms in these industry verticals could leverage cloud rendering solutions like the one offered by the Render Network if computing resources become too expensive. Furthermore, smaller firms that may not have the budget for graphics rendering hardware can leverage the Render Network’s services. Given the growth of the content creation economy, exponential network is also possible, further lending value to the RNDR token. anywhere else.
The roadmap
The Metaverse is a persistent cultural narrative that provides ample financial opportunities to the well-informed. JP Morgan bets that the metaverse will infiltrate every industry in one form or another and could be a $1 trillion industry in the coming years. The Render Network offers a value proposition to capitalise on the metaverse’s market opportunity.
Furthermore, the Render Network will become entirely multichain. It will render metaverses on blockchain networks such as Solana, which already has a growing metaverse ecosystem thanks to games such as Star Atlas and Aurory.
The launch of OTOY’s OctaneRender app for Apple’s iPad Pro with M1 processors opens the network to content creators who may not have the necessary hardware to render videos and other graphics components. According to market analysts, the digital video content market can reach about $350 billion in five years, and this is just one industry vertical out of many the Render Network could serve.
The Render Network achieved significant milestones in the past two years. These milestones include several exchange listings, Layer 2 scaling, the release of a MacOS rendering application and a partnership with Multicoin Capital –a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies. In 2022, Jules Urbach, Founder of OTOY and the Render Network, will discuss the roadmap for OctaneRender and The Render Network. This discussion will occur at Nvidia’s GPU Technology Conference, where he will speak about the future of GPU raytracing – a rendering technique relevant to the multi-billion-dollar computer gaming and film industries.
With social media sentiment favouring the metaverse and ‘blockchain infrastructure’ narrative, the future looks very bright for the Render Network. The network effect of growing interest in the metaverse from traditional institutions can potentially increase the demand for RNDR tokens, leading to potential price appreciation.
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The continued growth of the content creator economy, the gaming industry and the Special FX industry serving the film industry is a catalyst for growth for the network.
Conclusion
With an increasing demand for graphical processing power for the everexpanding GameFi narrative, decentralised cloud computing solutions from firms like OTOY and its Render Network will become critical.
Having raised $30 million in Q4 2021 from the likes of Multicoin Capital, Alameda Research and the Solana Foundation, it is clear that Render Network’s value proposition is one with significant potential. The project can potentially provide a decentralised alternative to Pixar’s rendering farms to the masses at a fraction of the cost and power consumption.
written by Rhys
More and more people are losing themselves to scrolling through bite-size chunks of content, falling down the one-more-video rabbit hole that these platforms enable. Through clever algorithms and simple creation tools, anyone can create and share with the world in a matter of minutes. As a result, short-form content has become central to how we work, communicate and play. Memes are born, lessons are taught, and entertainment is crammed into 60 seconds or less. Whether you know your 360-no-scopes from your Neekolul, there’s no denying that short-form media is here to stay.
With such a deluge of content constantly available, making a living from content creation is simultaneously easier and more difficult than ever before. Easier in that there are countless options open to creators, with a wide range of platforms and monetisation tools available to those making content for our viewing pleasure. More difficult in that wellestablished platforms with the biggest potential audience have real problems surfacing new creators and supporting them fairly as they grow.
If the last ten years in Web 2.0 have shown anything, it’s that content is king. Content creation is in high demand, both for platforms attracting viewers and businesses looking to reach new audiences. While YouTube led the way in democratising media creation and sharing for the masses, platforms like Snapchat, Vine (now defunct), TikTok and even Instagram have shown how much appetite there is for short-form content, a growing industry revolving around clips and highlights of best moments in sports, TV, gaming and events.
This is a particular problem in short-form content. While the demand for it is clearly there, for many platforms it’s a bit of an afterthought. YouTube’s algorithm encourages the creation of longer videos over shorts.
Twitch – which focuses on gaming streamers – allows the creation of Clips, but without any proper way of serving these up to new viewers or communities, short of downloading them and sharing them on social media elsewhere. TikTok is clearly the big winner here, but the vertical aspect ratio and influencer-driven style doesn’t suit all creators – particularly those in gaming who’ve led the way in content creation since the early days of ThisYouTube.iswhere
ThereTokenomicsareatotal of 1 billion $FCD tokens at time of issuance, with 50% (500 million) of the tokens allocated to the FreshCut community of viewers and content creators. In the first year, up to 125 million in tokens will be available from the Creator & Community Rewards and Treasury allocation to content creators, viewers, and FreshCut community members. A further 100 million will be available in the following year, and finally 275 million available in the 3 years thereafter.
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With curated playlists and algorithmic content suggestions, FreshCut seeks to facilitate putting top creator content in front of the right community viewers. Underpinning this is a cryptocurrency built on the Polygon layer-2 solution that allows a direct relationship between viewer enjoyment and creators. Viewers can earn the currency via “engage-to-earn”, and then contribute to their favourite creators with tipping. With a more direct relationship between viewers, the FreshCut community and creators, FreshCut hopes to offer a more equitable solution to rewarding content makers, fuelled by the platform but shaped by their viewership, not advertisers.
FreshCut comes in. FreshCut is a web3 platform for sharing the greatest plays, clutch victories, and funniest moments in gaming. It is, put simply, aiming to be a TikTok for gamers. With their mobile app already available on iOS and Android, they offer a platform for gaming creators to share their best moments from streams or gameplay, with a dedicated audience of gaming enthusiasts enjoying the bite-sized moments curated by the platform. FreshCut marries the endless rolling of clips a la TikTok with the entertainment of Twitch streams and streamers.
Their second aim is what will drive creators – and content – to FreshCut in the first place. Revenue splits on existing platforms are notoriously opaque and tend to be weighted in favour of platformholders over creators. For example, a Twitch subscription to your favourite creator results in only half of your money spent ending up with the streamer in most cases. Some bigger streamers get a more favourable return, but with these negotiated confidentially and arguably favouring big names who may not even need better splits, based on the sheer number of supporters they have. It leaves smaller creators having a much harder time generating a decent return.
FreshCut’s website and app is already showing how they’re intending to address this, with curated playlists and algorithmic suggestions focusing on gaming content – you know what you’re getting when you sign into the app. Just gaming, just clips, in the genres or areas you’d be interested in. While it’s early days in terms of having the quantity of content some other platforms boast, it’s not inconceivable to imagine creators starting to port over their existing clips from platforms that don’t aid their discoverability and leveraging the laser-focus of FreshCut to get new eyes on their content.
FreshCut aims to solve two key things:
FreshCuthttps://freshcut.gg/VideoLinksplatform:information site (including litepaper): https://diamond.freshcut. https://discord.com/invite/freshcutDiscord:https://t.me/freshcutdiamondTelegram:https://twitter.com/freshcutTwitter:cies/freshcut-diamond/https://coinmarketcap.com/currenCoinmarketcap:general-info/welcome-to-freshcuthttps://freshcut.gitbook.io/freshcut/Gitbook:gg/-
Arguably, FreshCut is already well on the way to addressing their first point with their platform. Gaming creators have been underserved by existing platforms for a while, with categorisation either being too broad (bundling all of gaming or esports into one pot) or too granular (breaking viewing down game-by-game).
Even on platforms that do offer some level of categorisation, this often focuses on longer video or streams rather than pushing forward clips or highlights. There’s plenty of material there. Twitch in particular has thousands of clips that streamers have made over the years… But no real focus on how to get eyes on these.
Just the Freshest of Cuts
1. Fix broken discovery and gaming content fragmentation
2. Rethink how revenue gets distributed to all contributors in a community platform – by integrating web3 technologies like FreshCut Diamonds ($FCD) to empower users
$FCD then offers value to both creators and fans for their engagement. Fans can use $FCD to tip their favourite creators or makers of their favourite clips, with 90% of that tip going to the creator with a 10% platform cut. For fans, this means you know most of your contribution goes directly to those you want it to. Whether you’re buying $FCD on an exchange (such as Kucoin, which has it listed at time of writing) or you’re sharing some of your engagement earnings, it’s great to know your tokens are going to those you want to support.
Other monetisation options available to creators, such as tipping or advertising revenue, can be split even less favourably and far more variable. The result of this imbalance is the proliferation of off-site tools for creators to generate long-tail or regular income. Services such as Patreon, Ko-fi and other payment processors offer creators better revenue splits as well as ways to offer community members extra engagement opportunities with their favourite creators – but without the ability to link this back to on-platform perks.
FreshCut’s token – FreshCut Diamonds ($FCD) –offers a solution to this. Built to the ERC20 standard and based on Polygon, $FCD powers the platform. Fans and creators both earn by engaging with the platform and the community, initially via their Discord group, but in the future to be integrate into the FreshCut app. With what FreshCut calls engageto-earn, creators are incentivised to contribute to the platform by completing quests – tasks like posting content or responding to fans and adding value to the FreshCut ecosystem. Meanwhile, fans can earn by supporting creator content or engaging in community events such as gaming tournaments, or even simple tasks like verifying their wallet. It’s a simple but effective method of incentivising community participation, something that’s key in the early days as the platform looks to attract creators and viewers to use the site or app. Take part, earn tokens. Simple.
For creators, $FCD clearly represents an additional revenue stream if nothing else. With the token already listed on a major CEX, converting to fiat should be relatively pain-free for those who just want the money and nothing more. However, FreshCut want $FCD to represent something for creator participation too.
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Some of the concepts in their whitepaper include a membership model (where holders are given access to exclusive events and giveaways) and sponsorship/advertiser opportunities for $FCD holders. If these opportunities can be made to work, it would offer an incentive for creators to hold on to their $FCD. The promise of other potential opportunities just by stacking their tokens would offset the financial incentive of immediately selling for fiat, which could help protect creators against cryptocurrency market fluctuation on their earning power.
With the fans and creators catered to, now is a great time to be looking at stacking $FCD early on, while rewards are relatively good. Those who follow Verasity and their watch-to-earn mechanics in a related area may be familiar with how lucrative early engagement was in stacking $VRA, with the token value then spiking at various points and giving early adopters huge opportunities. While there’s clearly no promise of $FCD spiking in fiat value, their tokenomics do point towards a relatively open faucet of tokens early on which tapers off over years. With a capped circulating supply of 1 billion, stacking early could lead to a decent pot as the platform matures and demand grows.
Shining Like a Diamond
They know what it takes to attract new audiences, drive growth, build communities… Even without the additional leverage web3 technology gives them. Their experience combined with that additional offering of $FCD looks very good indeed. Once the content starts flowing, so too will the audience, attracted perhaps by the token offering but staying for the smooth experience and new creator discoveries.
Getting Involved
For the early adopter then looking to get involved, you can trade $FCD on Kucoin, or you can join the FreshCut Discord and start stacking by engaging and becoming part of the community. In these early days where there’s less competition for rewards (and rewards are larger) it makes sense to lean towards engaging and earning without putting much money on the table. As the platform matures and price action becomes clearer, you may want to grow your bag as the team delivers.
Additional options that might become available like staking are included in their whitepaper, so there’s still a lot of great stuff coming down the pipeline for those who wish to take part and get involved in the FreshCut community going forward. You’d be in good company too, with major partners including Three Arrows Capital, Galaxy, Polygon and Animoca Brands backing the project.
And demand, we believe, will grow. The team building FreshCut is formidable. With ex-Twitch and Microsoft heads as co-founders, as well as experience drawn from Deloitte, Sony and others, this is a team with the industry nous to get ahead. Importantly, their experience is weighted towards the platform offering first. These are folks who’ve been working in gaming and content creation for years.
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Conclusion
Even blocking out the wider market for a second, FreshCut is still a great-looking project. The content is already there, sitting in streamers’ dashboards or social channels, just waiting to be uploaded to this new platform for extra discoverability opportunities. There’s slick UI that will make people want to come and stay to watch. If curation continues to be strong as the platform grows, there’ll be more and more interest in joining up for fans and creators alike. In short, there’s lots of interesting pieces to the puzzle already cut, ready to slot together. Once the app, creators, rewards and token all come together, there’s a lot to like here from the potential TikTok of gaming.
FreshCut has the experience, the ideas, and the backing to make hay in a bit of a blind spot in the gaming content market. They are already delivering, with their app already developed and live, their token already available on major exchanges, and engagement rewards already flowing through their Discord community which continues to grow. In slower market conditions, it’s important to look for projects that are building despite a slow-down, which is what FreshCut is doing. They’re already offering a solution to a problem for creators which can be used today. With a little extra work, they’ll be well-positioned to capitalise on any future upswing in crypto market fortunes.
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