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Editorial
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A note from Josh…
I’m excited to bring you this month’s articles, hand picked to help guide you through the ever changing crypto space. I’ve watched projects come and go, and in a bull market we get an infux of numerous tokens that essentially have exactly the same functionality. Our job is to bring you the projects with longevity, strong teams, marketing and development. Many projects that started as one thing have evolved to hopefully something better. ICO Projects that survived the 2018 brutal bear market have pathed the way for the new way of crowd funding, we bring you in-depth look at how this works and how project creation and funding has evolved. Our deep dives are game changing technology, we hope you’ll invest in for long term gains. Be one step ahead of the market each month, as we bring you the best and most in-depth information all in one place! Enjoy!
A note from Lisa…
This edition of the Moon Mag is particularly heavy in content! Not just projects we think will moon but informative and detailed articles on ways that the crypto space is evolving to create fnance streams for the beneft of the community behind projects. We look at DAO’s, which are causing a stir and also, ways in which crypto crowdfunding methods are being developed. We have an opinion piece on XRP, which is always a hot debate and we welcome two new writers who have dived deep into some fascinating projects. Lots of information to digest, lots of potential to invest. Enjoy!
Cere Network IDO & WhitelistChainDAOBillionIEOHappinessit 06 XRP-Army 484236262014
CONTRIBUTORS
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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.
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 of all debts. Recently, he’s jumped head-on into NFT projects - particularly ones that combine his love of gaming.
Kel Udeala
Daniel Jimenez
Aldrich Shillian
Daniel has been a blockchain technology evangelist since 2012 and is a faithful believer in the Crypto ecosystem. Daniel also writes for Coin Telegraph!
Daniel Dudek
I’m a quantitative analyst and a mechanical engineer. I took an interest in crypto because my line of work led me down the fnancial trading and investment rabbit hole, and it’s only a matter of time before you reach crypto. I enjoy researching diferent crypto projects, and attempting to forecast their roles in the future fnancial and technology systems. I also fnd the volatility of the charts and the resulting crypto-Twitter posts very thrilling.
The Whitelist: written by JimenezDaniel OPINION A spot that can guarantee you a good ROI!
Through this early registration process for the token sale, the investor is guaranteed bonus tokens or a discount for purchasing coins.
The world of investing in the crypto ecosystem is on fre. A torrent of money is fowing into this ecosystem from investors of all sizes. The options are varied and opportunities to earn a return on an investment emerge everywhere.
This term can have various meanings in the crypto and blockchain ecosystem.
In particular, a whitelist can refer to reliable withdrawal addresses; but from the investment point of view (the object of this post), it refers to a ‘spot’ that allow investors to participate in the public sale of tokens of a cryptocurrency project, in exchange for going through a verifcation process (KYC ) stipulated by the platform directing the sale of these tokens (launchpads).
This participation model for investors is nothing new, and has been around since the Initial Coin Oferings (ICOs) of 2017.
One of the great opportunities that investors are taking advantage of are the spots on the whitelist of projects that decide to launch their tokens through crypto launchpads, through the popular Initial DEX Ofering, better known as the IDO.
However, due to new regulations to protect investors from scams, IDOs are now subject to improved security regulations (KYC, AML) to avoid rug pull projects in this natural evolution of ICOs in the crypto ecosystem.
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What is a Whitelist?
Advantages and disadvantages of the Whitelist
Additionally, whitelists allow the investor who earns a right to participate in the early pur chase of these tokens immediate access to their assets with instant liquidity, since the sold tokens start trading on the DEX host al most immediately.
Thus, any investor regardless of their size or geographic location through KYC verifcation and with a noncustodial wallet (such as Metamask, for example) can agree to participate in the initial sale of X project tokens, at a price generally much lower than the listing price in any centralized or decentralized exchange.
In this way, when the project’s token goes up for public sale on a DEX or centralized exchange, the investor obtains an almost guaranteed return (ROI), since most of these projects are listed at an initial price generally higher than the price of the sale through through the whitelist on launchpads.
Credibility is another important factor to highlight here. As part of the learning process following the outbreak of ICO scams, IDO launchpads have ensured they do the due diligence of verifying the projects they accept, requiring members behind these projects to verify their credentials, background, solid roadmaps, whitepaper, among other important factors to take into consider ation when investing in crypto projects.
One of the great advantages of whitelists of projects launched through IDO launchpads is the equitable distribution of spots to inves tors, where the allocation of ‘spots’ in this sys tem seeks to prevent whales and bots from blocking small investors from taking part; something very common with ICOs and IEOs.
Investors who manage to obtain these ‘spots’ on the wh itelist have an almost guaranteed return on investment, since the project tokens are sold at a lower price than they will be subsequently listed at on any DEX or CEX.
Not everything is so easy
Finally, almost all crypto launchpads for IDOs require whitelist participants to have a certain amount of native launchpad tokens locked in their wallet prior to launch, as a way to guarantee liquidity in the respective IDO.
Since the successful launch of Polkastarter and even more so, of the projects listed there, the interest and supply of this type of platform has grown hand-in-hand ever since.
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Despite the great advantages, investors from certain countries face some limitations. Thus, investors residing or nationalized from countries sanctioned by the United States government, such as Cuba, Iran, Venezuela or North Korea, cannot generally participate in the IDOs of these projects, especially on popular launchpad platforms such as Polkastarter.
On the other hand, the average investor must have a basic understanding of cryptocurrencies, as they need a Web3.0 wallet like Metamask in order to participate.
Options to opt into a Whitelist
As expected, the resounding success of the projects after the launch of their IDO on a crypto launch pad has generated a buzz around the community seeking to secure a spot on these whitelists in order to make their investments proftable.
Polkastarter
Polkastarter is one of the frst in terms of volume of funded projects and raised capital; in addition to being the pioneer in the new Initial DEX Ofering (IDO) scheme in the crypto ecosystem.
Each one has its particular participation mechanism with some variations, but in essence the principle is the same: register through a Web3.0 wallet to participate in the whitelist and then proceed to the respective KYC if you have been lucky enough to be selected.
As a curious fact, each of these platforms ofers an assured position to investors who wish to participate in the pre-sales of these tokens in exchange for staking a considerable amount of the respective native token.
With more than 80 funded projects, Polkastarter allows investors to access top-tier projects on Ethereum blockchain networks, Binance Smart Chain and Polygon.
This represents + 295% ROI for investors compared to ATH since the IDO.
So far, Polkastarter has presented several projects that have provided an ROI from the ATH (all-time high) reached by the token of the projects listed there, of up to fve digits. The most representative case is the $FINE token of the Refnable project.
Launched on theBinance Smart Chain, holders of the $FINE token have enjoyed an ROI that has catapulted over 26,000% relative to the ATH token price since the IDO.
The frst project launched on this platform was SpiderDAO ($ SPDR) on December 15, 2020, with a total raised of $62,493 through 197 participants, who through a spot on the whitelist bought the $SPDR token at an average price of $0.03.
Polkastarter ofers two ways to earn a whitelist space. One of them is to start by holding $POLS tokens. Every 250 $POLS (~ $ 755) earns a “ticket” in an IDO lottery.
Let’s take a look at some of the most successful IDO launchpads ofering investors an opportunity to participate in crypto project whitelists:
The more POLS tokens the investor has in his wallet, the more tickets he can earn for an IDO.
One of the most successful cases has been the launch of the $KING token, from the NFT game CryptoBlades Kingdoms platform, which reached a ceiling price of $ 0.95 on October 3, 2021, a + 4.750% increase from the launch price in the IGO of $0.02 per token.
With the boom in gaming platforms based on blockchain technology, Seedify focuses on ofering investors early access to new cryptogame projects, calling itself “the gateway of blockchain gaming”.
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In addition to holding $SFUNDS tokens, the investor must complete the respective KYC process and initiate the staking process of these tokens to qualify for the tier levels of the respective whitelist.
This incubator and launchpad for blockchain games and gamers ofers the possibility of obtaining the tokens of the next “Axie Infnity”, through holding the $SFUND, the native Seedify token.
The more $SFUNDS tokens (~ $ 8.34) the investor has, the higher the amount of tokens that can be obtained from Initial Game Ofering (IGO), a type of IDO focused on the gaming sector.
Seedify
Among the most popular we have Cardstarter (Cardano Blockchain), BSCPad (BSC), Red Kite (multichain), and Paid Network (multichain), among others.
With all the hype around Solana in recent months, the projects launched on this launchpad have allowed investors to achieve returns (ROI) of up to more than 220x as has been the case with Cryowar, a blockchain-based game.
There are a dozen crypto launchpads available for launching early-stage projects using the IDO format and derivations from it. ROIs vary by platform and the type of projects listed on each of these platforms.
Based on the Solana Blockchain, the Solanium launchpad allows the launch of crypto projects on this highly scalable next generation blockchain network.
The participation process in the whitelist is similar to that of the other platforms, where you can increase your opportunities through the staking of the native token, which in this case requires a minimum of 100 $SLIM tokens (~ $ 252) to be eligible for the TIER 1 (1 Lottery Ticket).
Solanium
Other options
Whitelisting to participate in crypto projects is one of the many ways to make an investment proftable, many times leading to incredible returns that only the vibrant crypto ecosystem can ofer.
However, like any investment in this ecosystem, you should do your own diligence on the project you wish to participate in: read the project’s technical document, visit the ofcial website and meet the team behind the project; these are some of the ways to verify that your investment will not go down the pipe.
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Final Recommendations
As a fundamental part of IDOs, whitelists are a simple process of participating in pre-sales of project tokens that can promise to be the ‘next big thing’ in the blockchain industry.
TokenMarketplacewrittenbyKelechiUdeala
The Billion Happiness project uses a dual-token model - the Billion Happiness Community (BHC) token and the Happiness Token (HPS). The BHC token serves as a reward for every item purchased on the online store, with further developments leading to the token being farmable, stake-able, and tradable on various exchanges. The HPS token, on the other hand, is a booster token to support the project, build the ecosystem and develop the NFT marketplace. For instance, NFT artists can mint and pay listing fees using HPS. And NFT
BillionHappiness is a Def, yield farming, staking project and NFT marketplace built on the Binance Smart Chain (BSC), and recently deployed on the Fantom Network. The project seeks to introduce blockchain and cryptocurrency technology to billions of people through an online marketplace ofering digital artwork, wearables and apparel, and crypto essentials such as hardware wallets.
HappinessBillion Def
AllDataDataIsCurrent
Supply: 50,000 Circulating Supply at IDO: 50,000 BSC Contract What’s0x6fd7c98458a943f469e1cf4ea85b173f5cd342f4Address:thedistributionbreakdownofthetotal50,000 gen erated tokens? Token Community:Allocation 29.9% LP Rewards: 29.9% Marketing/Giveaways: 4.3% Protocol Use Rewards: 6% Staking Rewards: 29.9% Website https://billionhappiness.fnance/ Whitepaper https://billionhappiness.fnance/pitchhttps://t.me/TelegramHappinesshttps://twitter.com/BHC_Twitterdeck BillionHappinessOfcial https://billionhappiness.medium.com/Medium
HPS Token
Total
Total Supply: 1,000,000 Circulating Supply: 1,000,000 BSC Contract Address: 0xeda21b525ac789eab1a08ef2404dd8505fb973d What’s the distribution breakdown of the total 1,000,000 generated tokens? Token Allocation Airdrop To BHC Holders: 2% Farming/Staking Pool: 30% Host: 2% Private Token Sale: 5% Team: 6% Token Sale: 55%
BHC Token
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At Time Of Writing
As well as co-founding Billion Happiness, Raashid Siddeeque or BSc Pleb_NFT (BEP20 Def Captain) is the Lead Graphic Designer for BSC News - a media platform covering blockchain technology news primarily around the DeFi sector of the crypto markets. Rashid also runs Pleb Studio, a graphic design company working with frms in the cryptocurrency and NFT sectors, including BSC News.
BHC_Elainne – Co-Founder and Chief Happiness Ofcer
https://twitter.com/BHC_Arnel
BHC_Elainne is a Billion Happiness project co-founder; she prefers to remain out of the spotlight, work from behind the scenes, engage with the community on social media, and keep them abreast of project developments and rewards. Her work is crucial, as she serves as a conduit for ‘shadowy supercoders’ of the metaverse to communicate their plans to their much-beloved community.
bscpleb?lang=enhttps://twitter.com/
Arnel started his cryptocurrency journey in 2014, which has ultimately led to his passion for the industry and the founding of the Billion Happiness project in September of 2020 on the Binance Smart Chain. Arnel oversees fve developers and fve community managers in addition to working with two other project Co-Founders - BSc Pleb_NFT (BEP20 Def Captain) and BHC_Elainne.
BHC and HPS tokens are available on decentralised and centralised exchanges. Given that the project is multi-chain, the tokens are available through BSC and Fantom network exchanges such as JetSwap and SpiritSwap, and also available on 1inch Exchange, Apeswap Cafeswap, Hotbit, Hyperswap, Julswap, Pancakeswap, Probit Global and Swapx Launchzone. Users can store their tokens on several wallets, including Coin98, MetaMask, ONTO, Safepal, and Trust wallets.
BSc Pleb_NFT (BEP20 Def Captain) – Co-Founder
Where To Purchase The BHC and HPS Tokens
Core Team
Arnel CEO/FounderSumowan
https://twitter.com/BhcElainne
What Do BHC and HPS Do For Investors?
Purchase Rewards and Revenues
On the topic of community, the Billion Happiness community is growing. Given the recent and explosive growth of NFTs, billion Happiness can look towards further community growth via their NFT marketplace, increasing the demand and use of the BHC and HPS tokens. User growth will facilitate token price appreciation. One important thing of note is that Billion Happiness ofers verifcations to assure users that they are transacting with legitimate creators and collectors.
It is reasonable to assume that the recent deployment of BHC and HPS tokens on the Fantom network will increase demand for the tokens as the community grows. Greater demand, the limited supply of BHC tokens, a defationary HPS token supply are recipes for future price appreciation and value retention.
The project’s farms and pools are called ‘Emotion Pools’ and have allowed users to stake BHC and HPS to earn various tokens, including BNB, BUSD, BMON, CATE, ADA, AXS, DPET, and BHC, or provide liquidity for BHC-BNB to earn BHC. The project’s community engagement via Twitter and Medium usually informs the community about upcoming stake pools and rewards. Users can also provide liquidity for BHC-BNB to earn BHC.
Users earn rewards in HPS tokens when they purchase items such as NFTs in the Billion Happiness marketplace. What’s more, users can make purchases using BHC, HPS, BUSD and BNB tokens. BHC holders accrue revenues generated from the NFT marketplace fees.
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Staking & Liquidity Pools
Store of value
Users of the marketplace and holders of the token can stake their BHC and HPS tokens to earn various rewards. At the time of writing, the total value locked (TVL) across all farms and pools has exceeded $2,000,000 and will grow with increasing adoption.
The BHC token originally served as a reward mechanism for engaging with the Billion Happiness online store. However, it has now become a store of value. With a circulating supply of only 50,000 BHC tokens, it is no surprise that the token has done a 557x from its lowest price to its previous all-time-high on coinmarketcap. The HPS token has a supply of only 1,000,000 tokens. While the token’s primary utility is not ‘value storage’, it still accomplishes this because of a defationary monthly burn mechanism. This burn mechanism introduces scarcity, which, in turn, increases the value of the token. We have all seen this mechanism play out recently with the passing of Ethereum’s EIP1559. Since then, about 800,000 ETH has been burnt, introducing a defationary system that has contributed to ETH’s price rallying to new all-time highs.
Believe it or not, the Billion Happiness project has achieved almost all the items on its roadmap. The BHC and HPS contracts have been audited by Certik, a Blockchain and Smart Contract Cybersecurity frm partnered with Binance, Orion Protocol, Kava Labs, Polygon and more.
Generational investment aspirations have changed; the younger generation is investing more into cryptocurrencies, but they are also more interested in digital art. This interest is exemplifed by the recent NFT boom, with a CryptoPunk selling for a whopping $11.75m.
The Roadmap
We are all going to need somewhere to mint, sell and buy all those NFTs hence the narrative is very bullish for NFT marketplaces. Even better, those NFTs could have physical items; think about the Billion Happiness marketplace.
Market Opportunity
With the explosive rise of blockchain-based games like Axie Infnity, the upcoming MonkeyBall and virtual blockchain-based worlds ofered by Decentraland and The Sandbox, NFT selling is going mainstream. The videogame industry is a $151bn industry. The top fve largest gaming companies have a combined market cap of over $1 trillion, and they’re waking up to the potential of NFTs.
But the completion of roadmap items does not mean the team are resting on their laurels. The tokens are now on Beefy Finance, and the project has secured staking partnerships with the likes of ApeSwap and CafeSwap. The project team recently deployed the tokens on the Fantom Network; hence new stake and liquidity pools are underway.
Given public awareness of infation and fat currencies losing purchasing power, the older generations hedged against this by purchasing rare works of art. A more techsavvy generation are hedging against infation by purchasing digital art, with the rights of ownership stored on a blockchain. As the NFT narrative evolves, we are witnessing even clearer commercial use-cases related to copyright protection, censorship resistance and royalty accrual. With these use-cases becoming even clearer, NFTs may evolve beyond speculation, as already exemplifed by projects such as Audius - music streaming and royalty accrual on the blockchain.
Another narrative that foretells the even brighter future of NFTs is the rise of the metaverse. Even Facebook recently rebranded to ‘Meta’, and Microsoft is launching a metaverse-themed ofce productivity solution (yawn). The NBA, the NFL, Nike, and Burger King are all into NFTs, further solidifying this narrative.
Seeking multichain deployment will ensure userbase growth, creating more value for holders of the tokens due to the scarcity of the BHC token and the transaction utility and burn mechanism of the HPS token.
Additionally, the project seeks to become multichain, and we can assume that deployment on the Fantom Network only means there will be deployments on more networks.
The NFT narrative emerged in full force, attracting crypto industry outsiders with a power akin to a black hole. Adding fuel to fame is the emerging metaverse narrative, with Facebook rebranding to Meta further solidifying this narrative. With the rise of projects like Decentraland, The Sandbox and myriad blockchain-enabled games like Axie Infnity, the NFT marketplace play is looking very bright.
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Conclusion
The Billion Happiness team also have pending applications with major centralised exchanges, as discussed in an interview between BSC News and project Co-Founder Arnel Sumowan.
The project envisions growth, intending on engaging more people through NFTs and Def. Its founders seek to expand NFT use cases beyond digital art and bank the unbanked via their Def oferings.
In conclusion, there is a signifcant market opportunity for the Billion Happiness project for the gaming, art royalty, and the metaverse industries. The opportunities presented by these markets will reward holders of the tokens and participants in the project’s marketplace.
This magazine is sole property of gettingstartedincrypto.com and is not to be redistributed in any form anywhere else. Meet NetworkCereaka The Decentralized Snowfake
written by Daniel Dudek
For example, the Cere network can allow a new level of interoperability and security between banks and their partners when exchanging value for credit card promotions. Derivative assets are able to be created which represent, for example, credit card points, and then be exchanged seamlessly and securely to any participating enterprise.
With this technology, enterprises will be able to have 100% control over their stored data and create derivative assets representing that data which are able to be leveraged in any imaginable way through Cere smart contracts.
Just like how Snowfake ofers customers a network of thousands of organizations utilizing their data as data consumers, providers, and service providers, Cere ofers virtually the same services with next level security, value exchange, privacy, and ability to leverage DeFi (Decentralized Finance) applications with their data.
The Cere network is touted as the Decentralized Data Cloud. It is a truly interoperable SaaSDeFi solution, allowing DeFiblockchainspermissioned/standaloneprivate/tointegratewithprotocolsbuiltonany decentralized public blockchain.
AllDataData Is Current At Time Of Writing11/11/21 Max Supply: 10,000,000,000 Total Supply: 10,000,000,000 Circulating Supply at IDO (if applicable): 686,000,000 (6.68%) {Network of contract address e.g. Ethereum} Contract Address: Ethereum: 140f436e1d67f2ddb0d60x2da719db753dfa10a62e Token Allocation Foundation - 5.0% Network Development - 8.3% Developer outreach - 8.0% GrantsEnterprise4.9%Partners - 9.0% Marketing - 5.0% Advisors - 5.0% Team - 18.0% ERC20 Staking rewards - 5.0% Public (unlocked) - 2% Public (Locked 12 months) - 2.0% Public (Locked 18 months) - 7.0% Private Sale - 20.9%
https://cere.network/
https://cere-network.medium.com/
Purchase
Co-Founder Kenzi Wang is an extremely notable individual in the crypto-space with invaluable experience which will aid in the success of the Cere Network. He is the founding partner of the AU21 Capital Asia-US venture fund based in Silicon Valley. Additionally, he was a founding partner of the HNT Multi-Strategy Fund by Borderless capital specializing in powering Algorand’s borderless economy. Lastly, and possibly most notably, Kenzi is the Vice President and GM of Huobi Global. Huobi is a pioneer in the blockchain space, employing over 1,300 individuals globally and being ranked the 7th
https://t.me/cerenetwork_ofcial
Where To the
https://bit.ly/CereLitepaper Paper: Cere-Network-Vision-Paper.pdfhttps://cere.network/assets/pdf/ https://bit.ly/Cere-Network-Toke nomics https://twitter.com/cerenetwork?s=20
Vision
Kenzi kenziwang/https://www.linkedin.com/in/Co-FounderWang
https://www.linkedin.com/in/fredjin/CEO/Co-FounderFredhttps://cere.network/team.html#TeamJin
Telegram
Fred Jin is both an experienced developer and founder of numerous companies before he cofounded Cere Network. From a technical aspect, he led the development and launch of the open media platform “Bebo”. He was also the cofounder of “50 Cubes”, where he built a gaming business yielding 8-digit revenue and employing over 60 individuals. On the crypto related side, he was the founder of Bitlearn Network, a decentralized learning platform. He shows a wide range of experience in both blockchain and business.
Website
LinkedIn workhttps://www.linkedin.com/company/cere-net Medium - Blog
White Litepaper:Paper
Token KuCoin (CERE/USDT) *Highest Volume Gate.io (CERE/USDT, CERE/ETH) Huobi Global (CERE/USDT) MEXC Global (CERE/USDT) Hotbit (CERE/USDT)
Core Team
Tokenomics:
There are numerous people integral to the success of the Cere Network, below are a select few of notable individuals, all of which would give any investor confdence when investing in this project.
Elrond
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Ankr
Provided strategic funding for the development of the project.
Chainlink
Cere’s distributed data storage solutions are built on polygon/matic as a scalable and more cost efective solution compared to ethereum.
Aurel Nicolas Lead aureliennicolashttps://www.linkedin.com/in/Architect
Binance Labs
Prior to Cere Network, Ian Duggan was a contracted software engineer at Bebo, overlapping with Fred Jin. To this date he is still an active founder of AnythinSocial, Inc. and Network Virtue, Inc. His extensive experience as software engineer and manager of search and discovery at Twitch makes him well qualifed to fll the role of CTO.
Matic
Cere will be interoperable with Elrond to utilize their high-performance dApp friendly architecture.
Ankr is being leveraged to simplify node hosting. Currently the Cere network is not decentralized but this partnership will allow it to become so over time.
Major PartnershipsBlockchain
Ian https://www.linkedin.com/in/ijcdugganCo-Founder/CTODuggan
Aurel is a blockchain engineer with a specialization in zero-knowledge cryptography. According to his bio, Aurel has experience auditing ethereum smart contracts, Zcash, and other web applications. What may stand out is his title of being in the Google Hall of Fame, showing his elite status as a developer.
Utilizing chainlink for oracle services to securely integrate verifed external data sources.
From an investor point-of-view, consensus participation and network governance will be the two key benefts. Since CERE is a proof-of-stake BFT (Byzantine Fault Tolerance) consensus network, the tokens are able to be staked by validators and node operators, which will be rewarded interest on their stake. This can be extremely signifcant in that you can grow your position over time just by staking your tokens. Secondly, by being a token holder, you can participate in the network governance to decide the operation and future development of the network. For those holders who like to be more active in the community, this is a great perk. It can help alleviate the stress of holding the token as you are part of the growing community and could bolster your conviction in the project. Lastly, the CERE token will be used to power the transformative Decentralized Data Cloud and fuel the CERE marketplaces.
One of the major selling points of this project is not necessarily the novel technology that they have been able to develop, but the team and fnancial backing of the project itself. In the cryptocurrency space, there are thousands of projects and it can be extremely difcult to flter out the noise to discover the gems. Projects which have the fnancial staying power to survive the volatility in this market do
extremely well compared to their fnancially starving counterparts. CERE has this staying power by being backed by numerous Venture Capital frms, including arrington XRP capital, AU21 capital, Fenbushi Digital, GFS ventures, and others. Additionally, they were awarded a Web3 Foundation grant to further develop the CERE network. It’s no wonder why they have been showcased in Forbes, Coindesk, Yahoo Finance, the cointelegraph, and siliconANGLE.
The RoadMap
These fgures represent the ultimate goal for the CERE network. Let’s break this down to understand what they are trying to achieve. Through easy to connect APIs, they onboard enterprises with the CERE wallet and allow the creation of private/ permissioned/standalone blockchain networks with derivative assets (assets based on enterprise data). From here, each enterprise network is interoperable with each other in the Cere L1 Network hub where they can sell, purchase, and exchange their data with other enterprises in the Cere marketplace.
Market Opportunity
The Cere Network at this stage is a promising project to earn high Return On Investment (ROI), especially for those who were unable to participate in the public sales oferings. For investors, the $CERE token is a utility token which serves three purposes on the network. These being SaaS (Software-as-a-Service) def utility, consensus participation, and network governance. Tokens which provide additional utility can be extremely fruitful and provide incentive for the investors to hold rather than sell, driving price up further. For enterprise blockchains such as this one, demand for the token will dramatically increase once further utilized by enterprises over time.
CERE has a unique market opportunity in that they are addressing true enterprise adoption, by creating a decentralized data cloud to fully leverage customer data. They are not focused on building a community of retail investors to further increase the value of the token, although I imagine there will be marketing campaigns for this. The true community will be composed of enterprises all over the globe storing and monetizing their customer data, all powered through the CERE token. There is no other project currently quite like this one at the moment addressing this market. Some large cap projects like Filecoin are decentralizing cloud data storage but don’t ofer the crosschain interoperability like CERE does. Aleph.IM is a novel cross-chain decentralized data storage and computing platform but is not focused on the same Web3 issues or customer-base as CERE.
Let’s discuss the three main use-cases of the token to grasp how being an investor will be benefcial.
What Does $CERE Do For Investors?
What makes the Cere network truly unique is that the interoperability is extended further so that these assets can then be utilized in virtually any decentralized network, including all of the DeFi protocols which exist today.
If you have read up to this point, you are probably eager to log into KuCoin to purchase a sizable position. The Cere network is an extremely promising blockchain project hyper-focused on realworld enterprise use cases backed by a strong team and funding. However, the circulating token supply is extremely low (7%). The combination of fundamentals and tokenomics should encourage everyone to put this project on their watch list for buying opportunities. Overtime, the tokens locked from the public sales will food the market, likely driving the price down. What some people perceive as discouraging, others will perceive as the opportune time to buy their ticket to the moon. I have no doubt that what Cere is creating will completely revolutionize how enterprises utilize their customer data. It’s only a matter of when, not if.
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Imagine a day when an enterprise can leverage their customer data in a protocol,lending/borrowingsuchasAAVE, to gain interest on their data, while allowing the data to be borrowed out by anyone willing to pay the interest, all conducted in an extremely easy to use enterprise ready solution.
Conclusion
writtenJimenezDanielby
From ICOs to IDOs: The New Era Crowdfundingofin the Crypto Space
Without enough money to develop them, the motivation and excitement can quickly disappear.
Starting a business requires fnancing, beyond the ingenious idea that a particular team or person may have.
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To date, the size of the global crowdfunding market is estimated to be worth about 12.27 billion USD, with a forecast to grow at a compound annual growth rate (CAGR) of 11 percent — undoubtedly a promising market for the foreseeable future.
The reasons for this growing fow of investors to crypto crowdfunding resides in the benefts of Blockchain technology, which provides superior lower risk and higher potential returns over traditional platforms such as the successful KickStarter site.
Business funding sources have existed since the ancient cultures of Mesopotamian: banking institutions, venture capital, and business angels are some of the early ways that entrepreneurs have accessed the necessary resources to carry out their projects in the initial stages.
Crowdfunding is an important evolution in startup fnancing and a lifesaver of many entrepreneurs who otherwise would have had a difcult time fnancing their projects.
However, despite this success, traditional crowdfunding has some disadvantages, which Blockchain technology is improving, resulting in a growing number of investors on the diferent launchpads/launchpools supporting crypto projects in their early stage.
Since crypto markets are highly volatile, exchange listings, launches, big announcements, news, and Bitcoin /Ethereum price action often cause dramatic price movements in tokens.
In this way, volatility can be an incentive for investors who are willing to take on more risk in exchange for the prospect of higher returns.
Technological advances have allowed crowdfunding to evolve, to become a suitable source of fnancing for a multitude of projects through various decentralized modalities, allowing projects to raise large sums of capital in relatively short periods of time.
The world of cryptocurrencies is more active than ever and investing in tokens is a good example of this. And if the proftability of cryptocurrencies is growing to the delight of pioneering startup founders, it is thanks to a novel investment model: tokenization.
Thus, the investor receives a native token of the project in exchange for their support, which in many cases can skyrocket in price due to the increasing volatility of the market where they are issued.
2. Lower Commissions: KickStarter charges a 5% fee and its card processing partner also charges a 3% cut, plus an additional 20 cents per promise. If a project raises 1 million USD in funds from a thousand donors, it will ultimately disburse more than 80,000 USD of that total to third parties.
Advantages of crowdfunding platforms on the Blockchain
3. Availability and immediate provision: Crowdfunding projects on the blockchain can use smart contracts to ensure that the conditions established in the project’s roadmap are met, and thus minimize the cases of fraud which occur on traditional platforms. Investors immediately receive a stake in the company.
1. Decentralization: With the use of the blockchain, startups do not need to resort to a centralized platform to access fnancing.Additionally, they will not be forced to accept the rules, regulations or whims of crowdfunding platforms which end up damaging their ideas.
This generally benefts early investors or those who received signifcant discounts for participating in the private/secret/ seed/early/pre-sale fundraising stages, etc.
The above shows that the fow of proceeds does not always end entirely in the hands of the startup or the entrepreneur. With the blockchain, commissions are drastically reduced, sometimes just a few cents on the dollar is more than enough to generate a transaction in support of the entrepreneur, depending on the blockchain network on which the platform is deployed.
Many investors wonder how these crypto projects manage to raise millions and sometimes billions of dollars to launch. The key to this fnancing resides in the use of crowdfunding through blockchain technology through the issuance of tokens.
The ‘tokens’, a new form of investment based on Blockchain
What investor does not remember the story of Jhonny Bobbit and the 400,000 USD scam?
4. Smart contracts guarantee compliance with the fnancing terms: Smart contracts increase the demand for crowdfunding projects because they are in compliance with fnancing conditions and terms.
The ICO is an asset distribution mechanism that revolves around the sale of a token or currency to raise funds for a blockchain project. Initially ICOs seemed like the perfect way for new projects to raise funds, as it allowed everyone to participate in the early stages.
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Despite this, many projects such as Ethereum, being the best known, launched their ICO in 2014, reaching around 15.5 million USD raised by selling 50 million ETH tokens at the price of $0.311. Currently, at the time of writing this post, the ROI is + 1,536,012%.
Thus, the fnancing of ICOs is similar to that of crowdfunding: an amount of money is invested in a future project, thus ofering the possibility of accessing it as soon as possible.
techniquescrowdfundingBlockchain
NEO, NEXT, Stratis and a dozen other projects are currently, together with Ethereum, the most successful ICOs of all time in the crypto space, according to the estimated return on investment with respect to the initial sale price of their tokens.
However, with the entry on the scene of regulators such as the SEC in 2017, accusing several projects of fraudulent activity — and some indeed fnally proven right — the bursting of what became known as the ICO bubble diminished the popularity of the crypto space, among both insiders and outsiders.
1.-ICO (Initial Coin Ofering)
So far in 2021, 136 projects have used this fnancing modality to collectively raise $ 1,38 billion in funds, according to ICODATA
If you are an investor who loves blockchain technology and want to monetize your support for a particular project, you should bear in mind that there is currently a variety of decentralized crowdfunding fnancing modalities. Let’s look at the most exemplary.
The great advantage for the investor is that because the IEO ofers institutional and legal support for the projects they are accepted by the exchanges, due to compliance with KYC andAML policies of both the participants and members of the Somestartup.ofthe
In this context, unsurprisingly, the larger and more popular the exchange, the greater the chances of a successful IEO for a particular project. In that sense, Cryptorank tells us that Binance has the best Average IEO returns among exchange platforms.
most successful IEOs are Axie Infnity (AXS), Solana (SOL) and Polygon (MATIC), with the ROI surpassing three digits.
After the bursting of the ICO bubble, early stage blockchain projects still needed fnancing to be able to develop their projects. In that context, cryptocurrency exchanges ofered a more controlled solution to ICOs: the Initial Exchange Ofering
IEOs(IEO).
are operated directly by cryptocurrency exchanges (exchanges). The most recognized platforms such as Binance, Bitfnex, KuCoin, among others have been ofering crypto startups the possibility of being listed on their platform in exchange for a rigorous verifcation process of their whitepaper, team and roadmap with achievable and realistic objectives.
2.-IEO (Initial Exchange Ofering)
They are designed to guarantee property rights of the owner of the underlying asset; serving as instruments of value transfer for said asset, asset package or set of rights.
According to Security Token Market, the value of the Total Security Token Market Cap is more than one billion dollars, with a monthly change of + 20.66%, which shows the incipient growth of this Amongsector.themost notable of the sector are INX Limited (0.00%), Overstock (+ 2.99%) and tZero (+ 0.26%).
3.- STO (Security Token Ofering)
STOs have been emerging in traditional sectors such as real estate, allowing the necessary market liquidity, and attracting new types of investors to depressed sectors.
STOs are a kind of tokenizing security issues tokens based on blockchain technology to achieve various benefts that are not present in traditional securities.
With the entry on the scene of regulatory bodies around the world in the crypto space, projects seeking to raise funds, and especially those based in the United States, realized that they had to comply with the regulatory requirements established by the SEC.
This led to the birth of STOs, similar to ICOs in a sense, but in a highly regulated environment where fundraisers cannot just disappear into the dark.
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Unlike traditional IPOs, STOs can be done in a highly automated way on the blockchain and can run for long periods to attract investment to them.
5.- Strong Holder Ofering (SHO)
4.- IDO (Initial DEX Ofering)
One of the big downsides to IDOs is that scams thrive owing to an obfuscated investigation process. In addition to the frst beneft, the strong demand for IDOs allows scammers to set up esoteric projects and get them started very quickly.
Despite these risks, IDOs are enabling the successful launch of many projects with returns of up to four digits on the main platforms in the market.
IDOs ofer a number of advantages over ICOs and IEOs, which can make them more attractive than the former. These advantages include instant liquidity, immediate trading, and reduced listing fees.
IDOs are a type of fundraising in which a project launches a cryptocurrency or token on a decentralized exchange. It is intended to raise funds and money to start a project and allow immediate trading.
A Strong Holder Ofering is a fundraising service for public rounds. It uses string analysis, proprietary user activity data sets, and a set of evaluation parameters to discover which assignment requesters are best suited for a project.
Investors in early DEX oferings do not get any shares in the company, unlike investors in an initial public ofering. The projects that issue DEX oferings obtain fnancing from individual investors in the same way that conventional companies receive venture cash before starting.
The SHO was introduced by the MakerDAO team, in order to build a community with the “precise” type of headlines that the team desires.
Depending on market conditions, traders will trade between crypto assets and stablecoins.
The Initial Twitter Ofering (ITO) is a new type of public ofering invented by the Mask Network, through a set of protocols integrated into a DEX Initial Ofering (IDO) mechanism.
The Strong Holder Ofering (SHO) has been updated and is now the refundable Strong Holder Ofering (rSHO).
6.- ITO (Initial Twitter Ofering)
With this mechanism, Twitter users can buy tokens without having to leave the social network. One of the great successes of this mechanism is the Loopring LCR token, which took less than 3 minutes to sell out.
Of the projects launched in this format, almost 90% have had a return on investment compared to the All Time High (ATH) of the native token in the double digits.
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To ensure a fair initial distribution of the token, the ITO will proceed in 3 consecutive rounds with tiered pricing.
With the evolution of blockchain technology and emergence of new decentralized mechanisms in the earlier stages of the startup fnancing ecosystem , investors have more opportunities to earn higher returns from their investments .
The newest thing in crypto crowdfunding: Polkadot Auctions
One of them is undoubtedly the Polkadot parachain auctions, which began on November 11.
With this technological premise, the eyes on many projects developed in this ecosystem promise to be disruptive and attract a large number of users, which from the investor’s point of view translates into a larger market opportunity, due to the ability to obtain tokens of promising projects at an early stage at a greater discount than that which will be ofered to the public later.
To participate in these auctions, it is only necessary to have a wallet compatible with the ecosystem and some DOT coins (Polkadot native token), with which to “contribute” to the preferred project that is postulated for a slot within the Polkadot Relay Chain.
Polkadot is a complex blockchain ecosystem focused on connecting diferent networks (parachains) to its main network (relay chain) so that they enjoy the beneft of interoperability, high transaction speeds and low transaction fees, something known as scalability in the industry.
The great advantage of this is that the benefting users do not part with their DOT holdings, while at the same time they receive rewards for their support of the winning project.
In this way, similar to the MakerDAO SHO, the community can support the project of their choice by providing DOT tokens that are used by the candidate for a “candle” auction, where the mechanism does not bestow advantages on one project over another.
If the project wins the auction, the contributors of funds in DOT tokens can receive in exchange benefts pre-established by the applicant project in its roadmap within the system.
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Blockchain technology is the backbone of those cryptocurrencies we all know and love as GSIC members. While cryptocurrencies themselves tend to grab the headlines, it’s the possibilities that blockchains and distributed ledgers open up that get businesses sitting up and taking a closer look. The potential of protocols, smart contracts, decentralised computing and other benefts that could be secured through blockchain work could change entire industries, and look increasingly like they will have a massive part of shaping the future of tech.
written by Rhys
OFF THECHAIN
But still we might ask… What can Chain’s protocols do, and what problems are they trying to fx? Well, let’s take it a few steps back and explain a bit about what Chain is trying to do – and why it makes a diference.
However, blockchains are specialist tools. Creating a blockchain and setting up the infrastructure around it is a huge undertaking, with skills and knowledge that may not already exist in those very same businesses who might be interested in taking a crack at crypto-ifying their work. Where would you even start? Sure, you could build on one of the existing publicly-available blockchains such as Ethereum – but what if that doesn’t do what you need it to? For instance, say that you need near-instant transaction times. Ethereum would clearly not help here. Although it’s relatively quick, the last thing you want is getting your multi-million dollar transfer slowed down by a bunch of degens trying to buy the newest NFT project. Sure, you can pay more gas to speed up your transaction… But that’s not exactly userfriendly for your customers.
Chain has created a cryptocurrency called CHN, with which companies can receive discounts, pay for commercial fees, access premium features and vote on governance proposals. In doing so, they’ve created a great opportunity for investors – like us – to get in on the act by holding the token. When you look at the CHN chart below (a 1 month snapshot from time of writing), you can see when the buys come in, they really come in – this is already less of a speculative asset because it has a real use for Chain’s customers, who are already using the protocol and related products.
Chain seeks to solve this problem, along with many others that are features of traditional processing of value. Chain ofers enterprise-grade solutions for businesses looking to embrace blockchain technology, but without the in-house capability (or inclination) to do so. They ofer inter-operable blockchains to clients so that their customers can focus on delivering their products/projects and growing as a company. So far, so corporate. But why do we, as investors, care?
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Transacting values
Our modern life relies on us being able to make these exchanges in a simple, straightforward fashion. When we go to the shops, we don’t expect to have to lug around a record book of our own to show how much money we have. But somewhere, records of these exchanges/transactions must be kept, so we can tell who has what, where, and when.
Much of what we do on a day-to-day basis involves transactions and exchanges. This could be as simple as sending money or exchanging diferent types of currency. It can also mean paying for things, like the minute-by-minute rate for a taxi/ Uber, or assets like shares, property etc.
Or if you were looking at the Uber example – records would be taken to say how long my journey was, how much that then cost, and how much of the money I paid would go to the driver, to the company, to taxes, etc. We trust that those databases do what they say they will and contain no mistakes, that they’re secure, that they can’t be overridden, things like that.
In traditional systems, this record keeping becomes the responsibility of hundreds of diferent companies and systems every day. Each of these will have their own way of keeping records, tracking value, and translating it for use for other businesses or institutions to understand. Take banking as an example. Each bank will keep records of all the money it holds and who holds it within its own customer base. If we make a transaction between accounts within their system, then that’s fairly straightforward for them to manage. They just update their databases and the balances on the accounts change a bit. This will all be sorted by whatever system they have in place, and although some are better than others, they’ll have the capability to make those changes for us.
Record keeping like this is just part of running a business. Some companies do it better than others; some will use the cloud, some will bring in their own servers. But tracking values underpins a huge amount of what any given business does on a day-to-day basis. When those values become exchanges BETWEEN companies though, it becomes a little more complicated. Here, intermediaries often take the stage – working to translate whatever system company 1 uses to whatever company 2 uses. Some of these intermediaries will be familiar to you – in banking, networks like SWIFT facilitate bank-to-bank transactions, while in general retail terms, Visa and Mastercard are two huge players in payment processing. These organisations are massive – in personnel and fnancial terms. They’re also not particularly efcient. Naturally, sending a letter is always going to be slower than talking to someone directly, no matter how fast the postage, and the same principle applies to these sorts of transactions.
As you might be starting to see, there are problems both within organisations and between organisations in transacting and recording values – both in cash terms (most commonly), but also in business-specifc terms. For businesses, these form an overhead cost as well as a point of vulnerability. Between businesses, transacting can be expensive, slow and often paid for begrudgingly because there aren’t any good alternatives (see: Amazon kicking of over Visa recently)
Starting with Bitcoin, crypto has gone a long way to showing solutions to some of these issues. Distributed ledgers reduce the risk of single points of failure in a given network. Being able to send tokens to each other without the need for an intermediary is game-changing. Smart contracts that allow a series of steps to take place – such as exchanging one asset for another with an automated exchange rate – have huge potential for all sorts of applications. However, the transparency that most decentralised blockchains like Solana or Ethereum ofer won’t suit every business. Not every bank wants to show their balance sheets, after all. So a company could build their own chain… But then every company would end up with their own chains, with their own languages, with their own protocols… We’d end up not much better of, and worldwide we’d start seeing the sorts of problems that crypto already sees with cross-chain transactions.
These are the problems that Chain seeks to solve. Chain ofers blockchains-as-a-service to enterprise-grade clients. These large organisations might see the potential of blockchain technology, enhanced somewhat by building that chain using a common protocol that means they could work with other Chain customers in a much smoother fashion than starting up on their own. By taking the heavy lifting away from business – in the building, maintenance, security checking and other things that go with maintaining a blockchain – Chain ofers a strategy for organisations to start building their projects fast, where they can focus on delivering the consumer-side of their work while Chain provides an awful lot of the back-end infrastructure required.
Fixing the links
How might this work? Well, let’s look at banking again. If Bank A and Bank B both had their own Chain, they could keep inter-bank transfers to their own blockchain, while also allowing a level of working from A to B… Without any intermediary to cross that bridge. Because of the common protocols, the teams at Bank A and Bank B will be working with the same toolkits and can set up their chains to work together in whatever way they need. In doing so, transfers between banks could be even faster than they are today, something that matters hugely to those working in high-frequency trading, or even just to Joe Public who has a bank that doesn’t quite keep up with the times.
And what about things like Uber? Near-instant settlements could mean that drivers receive their pay as soon as a fare is completed, rather than weekly or monthly as we’d see at the moment to save on paperwork or transfer fees. This would ofer benefts to both the driver and the company: the driver can get paid for work straight away, when they need it, while the company would be better able to see how much has been paid out to drivers at any given time, rather than it sitting as a pile of “pending” payments that need keeping track of. It would make both sides able to make adjustments on-the-fy more, and operate more fexibly and responsively.
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When we look at Chain’s target audience here too, their scale will make your eyes water. We mentioned Visa earlier in the article… Well, Visa and Chain have already been working together on business-to-business solutions. This is not just a pie-in-the-sky project HOPING to get these massive clients on board. Chain already has clout working with some of the biggest names in the fnancial space. If a Visa Chain came online in the sorts of fashion we’ve discussed above, the dominoes could fall very quickly for other companies to fnd that common protocol. And with that, potentially some huge buys on CHN too - as shown by the chart earlier in the article, you can see that when buys come in already, they come in big. A real rollercoaster to be sure, but one that looks very, very positive. With a fairly substantial chunk locked into treasuries and reserves too, the circulating supply should be kept reasonably low - and the price higher as a result.
For us as investors, those possibilities are proftabilities. Companies looking to change it up and employ the Chain protocol are going to need to buy CHN to get on board.
Additionally, if these two quite diferent companies needed to transact together, some tweaks to their chains would let them cross-communicate. Maybe Uber could then use this as a way of depositing cash into their bank much more quickly, or at least get it onto their banks’ chain to pay for the other things they need of-chain. The possibilities could be massive – and importantly, by Chain managing the tech, the companies can implement and improve more quickly.
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Chain aims for revolution in a notoriously inefcient set of systems, but also an area that is very resistant to change. It’s a space that tons of projects have identifed as a target, but that not many make a decent impact on. Chain have a proven track record of attracting enormous clients with their expertise, and their issuance of a token used by said clients has tremendous potential for investors like us to back not just the company, but the underlying tech and promise that it holds. It’s something that companies are genuinely going to want or need to buy, and en masse. So hopping on with a bag of CHN for the ride seems like a front seat to a potential game-changer.
Conclusion
written by Rhys
Contrary to some beliefs, cryptocurrency is not just about driving value, making money, and up only. Around the world, crypto makes a diference for people from all walks of life; giving access to fnancial services to the unbanked, providing more consistent stores of value to those in infationcrippled jurisdictions, and democratising access to all sorts of fnancial products, services & opportunities. The possibilities driven by cryptocurrency and its component technologies are huge. While another article in this edition of Moon Mag touches on the possibilities driven by blockchain and ledger technology (see: CHAIN), here we want to share what DAOs are all about and what drives a DAO token to become valuable.
DAO it yourself
What is a DAO? DAO stands for Decentralised Autonomous Organisation. Sure – but what does that actually MEAN? That means that you, as a token-holder for the project, can have a vote on proposals put forward by other token-holders on how a project should move forward. Facilitated by smart contracts, these votes allow for open, transparent decision making for teams, as well as driving engagement from those invested communities early in a project’s lifecycle. This is such an important thing in crypto where long stretches of time can be dominated by coding, invisible work and investor jitters as every other project pumps except theirs. DAOs give project teams and investors a relationship where they can work together towards the common aim of the project.
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The frst kind of DAO often exists alongside projects like new chains or DEXs as they develop to allow investors and token-holders the opportunity to shape the future of the project as it moves along.
For example, if you were creating an exchange, you might want a DAO to give tokenholders a vote in what sort of liquidity pools the exchange would support, or what sort of fee structure it would take. If you were a blockchain game developer, you might ofer a “governance token” with which gamers could infuence the development of the game as it’s built, giving the community a real hand in mechanics, or art direction, or even infuence in-game itself. In these sorts of DAOs, the project itself would likely exist and proceed without the DAO alongside it – but the DAO gives interested investors early infuence on these projects, as well as a potential route into creating future proftability and gains for them.
The second kind of DAO, and one that should be familiar to longterm members of Getting Started in Crypto, exists to serve a specifc function. The DAO is the project –the voting acts to make decisions on how that project should proceed. In this set up, the project would not exist without the DAO as they are intrinsically linked.
DAOs often fall into two main camps: they either exist to facilitate community involvement as part of a larger project, or they exist primarily to serve the objectives of being a DAO itself. If this sounds confusing, don’t worry! We’re here to give some examples.
Lisa already gave the Getting Started in Crypto members a great shout with the BitDAO auction – so let’s dive a little deeper into how BitDAO works – and what it’s done since launch.
Why DAO it?
In DAOs, voting on governance proposals could drive value (and price) in a project by improving the project ofering. A tweak to game mechanics could mean playing becomes much more valuable for players… And therefore those interested in voting that proposal through (or making it in the frst place) might buy up the tokens to get their voice heard. If the proposal is then successful, others might want to buy more tokens to hop on the journey. You can see the cycle that a successful DAO could start rolling.
The example that GSIC members will likely be familiar with in this category is BitDAO, the investment treasury that Lisa highlighted as a signal just before the BitDAO Dutch auction, and that GSIC members have been able to make some decent proft of of! BitDAO allows BIT holders to vote on proposals for investment into other projects using the treasury funds.
Why use DAOs? DAOs – by ofering a token as your voting implement – bring money into their projects by swapping other coins (like ETH or BNB) for their DAO token. In doing so, this gives the token an underlying value, while bringing in much-needed funds for development of the project. In exchange, the project takes shape under the eyes of the community – who should work to improve the project and increase their token price over time. So after establishing what DAOs are, how do they drive value to investors like us?
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Every BIT counts
BitDAO is a DAO treasury aiming to support builders of the decentralised economy. In practice, this means that BitDAO is a vast pot of money, mostly held as ETH and BIT, that can be given to projects that the community (BIT holders) deem worthwhile. The BitDAO treasury sits at $3.2bn at time of writing, with BIT making up just over $2bn of this (this is higher than the calculated market cap as treasury funds are not considered “circulating” for the purpose of market cap calculation). Even a sliver of these funds could make a huge diference to founders to expand teams or explore new avenues for their projects.
Max. BIT supply: 10,000,000,000 Market cap: $1.38bn at time of writing
Great – so how does this drive the price for investors?
BIT holders can look to be active participants in proposal voting to shape proposals that might help increase the price of BIT. For example, there are already discussions about whether buyback or token burn schemes should be part of the DAO and – eventually – could become proposals that will be voted on by BIT holders. Either of these could reduce circulating supply later in the DAO’s lifecycle and would impact on price action. It might make sense for BitDAO itself too down the line, as keeping the price high would keep token swaps worthwhile for upcoming projects. BitDAO eventually could even end up using other tokens from its treasury (as in - from previous exchanges, rather than BIT or ETH) to fund new projects, which could reduce selling pressure from new grant recipients and keep the price up.
The DAO itself would be incentivised both by being token holders and by wanting to make projects succeed. Unlike some cryptocurrencies which exist primarily to raise funds for a project, but then have little incentive to keep price high on an on-going basis, BitDAO’s model relies on the token price being relatively good and increasing over time. It relies on grant holders being able to sell their BIT at a worthwhile price down the line to pay for development. Due to this – and from big players in the crypto space like ByBit being a large holder (and therefore voter) - it seems extremely likely that the DAO will make decisions designed to keep the token price increasing over time. There is no incentive for the price to be suppressed if something can be done about it.
It’s also a ticket to invest into some of the hottest properties in crypto. BitDAO has already conducted a token swap with Alameda/FTX and holds FTT on it’s balance sheet. FTX, as you’ll likely already know, is a huge crypto exchange and now has skin in the game directing BitDAO going forward, while also providing a layer of prestige to BitDAO as a project. While this is clearly massive in terms of scale, it’s also quite late in FTX’s lifecycle and while useful, it’s arguably less valuable picking up a token that’s already had signifcant growth. But through Alameda’s potential voting, it might be a way to see what sorts of projects those big players look to invest in, and might even mean token airdrops for BIT holders if voted through by the DAO at later stages. There are many, many possibilities behind BitDAO… And the best way to be part of that journey is to pick up some BIT and join in the conversations!
How does this work? BIT holders can delegate the voting power granted to them as a holder to an address (either their own, or that of a lab or venture who might share their views). These addresses can then vote on proposals, or put forward proposals of their own. Their voting power is weighted by the amount of delegated BIT they have - so if you’re a small holder, you will have proportionally less infuence at voting. Over time, as an active community member, you may club your votes together with other BIT holders who share common goals with you in order to have more infuence over proposals.
In doing this, BitDAO can provide startups with much-needed capital, while also securing a future return on investment for the DAO itself to later recycle into more new projects.
The results of proposal voting are then written into the blockchain after the consultation period, forming a public (and permanent) record of the outcome. These could be proposals to change BitDAO’s operation (such as reducing the amount of BIT required to make proposals – a proposal that has passed), or to use treasury funds to support projects and build partnerships. The standard investment in a project might form a token swap or grant – some of the treasury funds delivered to something interesting to either get started, or for future exchange of tokens at project maturation.
DAOs allow you to collaborate with other likeminded people to a common goal and have the possibility to expose you to projects and possibilities you may never have encountered yourself. If you’ve already done your own research, they also allow you to be an active participant in shaping something you already thought was worth buying. They uniquely give voting power over to anyone who might want it, and ofer an additional option for incentivising genuine, useful input from communities, and even a mechanism for giving back to those active members through governance voting rewards. Projects like BitDAO could be at the forefront of proving what is possible with a wellmarshalled and funded DAO. If a project you’re already working with or invested in has a DAO, take a look and see if you can’t get involved – and if they don’t, consider joining the BIT journey as a glimpse into the amazing world of what DAOs could do.
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Conclusion
Will the XRP Army march on to victory in 2022?
There are many factors and even conspiracies as to why the price has stayed down. Market manipulation, a legal minefeld preventing its adoption by fnancial organisations around the world or just simply the coin is a lemon, are just some of them.
That’s right, XRP, a regular in the Top 10 market cap for many years, has such a loud cheer squad, they are known as the XRP Army. A quick Google search on XRP will reveal dozens of XRP YouTubers, Twitterati and Fan boys (and girls) of the coin that was established in 2012 by Jeb McCaleb who later when on to be a driving force behind Stellar Lumens (XML).
There are of thousands of Joe Averages holding XRP…. waiting patiently for their moon day. More importantly there are many of the large banking institutions and other fnancial whales invested and investing in this new technology. For a coin that has such a following, it’s ride since it’s mini boom in late 2017, early 2018 has been less than exciting when compared to recent stars like SOL, Luna and ETH.
Written By Francis Von
A coin with an army you say???
The complaint by the SEC alleges that “Ripple raised funds, beginning in 2013, through the sale of XRP in an unregistered securities ofering to investors in the U.S. and worldwide”. Furthermore Ripple also allegedly distributed billions of XRP in exchange for non-cash consideration, such as labor and market-making services. According to the complaint, in addition to structuring and promoting the XRP sales used to fnance the company’s business, Larsen and Garlinghouse also efected personal unregistered sales of XRP totaling approximately $600 million. The complaint alleges that the defendants failed to register their ofers and sales of XRP or satisfy any exemption from registration, in violation of the registration provisions of the federal securities laws.
The Untied States Securities and Investment commission (SEC) launched legal action against two Ripple executives, the founders of XRP, Chris Larsen and Brad Garlinghouse in late 2020.
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SEC Lawsuit
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Whilst many federal and international laws have not kept pace with the new crypto landscape especially in the area of traditional fnancial markets, some countries, especially in Asia have advanced rapidly with their laws that refect the new fnancial playing feld. The United States it could be argued, has dragged the chain in not keeping up with the new crypto landscape.
There have been in the US, a number of bipartisan moves to introduce cryptocurrency laws into Congress, namely by Senators Ron Wyden and Pat Toomey. How such laws will impact Ripple or any other US based crypto asset, only time will tell. As they say in the legal game; “Laws are like sausages, it is better not to see them being made”.
Same with new laws surrounding cryptocurrency. It wasn’t that long ago that your columnist was unable to send a direct credit to a crypto exchange using one the big 4 Australian banks. Now just this month, Australia’s oldest and most traditional bank Commonwealth Bank, have announced mums and dads will be able to buy crypto through them. For readers of this magazine, buying crypto through the traditional fnancial markets will most likely not be used but for many this will be a gateway to this “new” world of digital coins. Regardless of how we buy our magic coins in future, only the strong will survive…. and that is to have genuine usage. XRP is certainly one of these. No matter how the judge rules on the impending SEC case, XRP appears to be a mainstay for the future.
the court case is somewhat of a precedent for many players in the crypto sphere around how initial funds are raised, the involvement and nature of the founding business and the need for greater transparency. After a year of legal argy bargy, many suggest an outcome of the case is just around the corner…but so is Christmas! Whether or not a decision is handed down anytime soon or not, Ripple and XRP are here to stay. Remember this court case is only for the United States and its jurisdictions. Whilst the US is indeed the Bitcoin of the fnancial world, this case is not the “be all and end all” for XRP and its army of dreamers of lambos.
Now if you’re like me, trolling through legal documents might bring on a migraine the size of the current crypto marketcap. Those of us with a legal eye however, and those of us that sufer from insomnia, including the XRP cheer squad aka The XRP Army love to stay up with the latest legal sparring each
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At the breaking of the SEC lawsuit in late 2020, there was a huge blow up on social media, the size of which could only be matched by the aftermath of an erroneous Elon Musk tweet. The XRP price consequently fell from $0.62 in mid December to a staggering low of $0.19 a mere two weeks later. It was the worst possible Christmas present to the XRP Army from the departing SEC Chairman Jay Clayton.
The big question for the Army of XRP is, will the price of XRP fnally shake the foundations at Ripple’s San Francisco headquarters with double digits? Is it, like promised by Larsen and Garlinghouse, the coin that will support the Great Global Financial Reset? And most of all, will the XRP Army march onwards to victory and their ul timate moon party of red, white and yellow lambos? 2022 may fnally give us an answer.
Following the GameSpot short squeeze that played out on early 2021, thousands of XRP moon boys formed a Telegram group and attempted to do the same by pumping up the price in April of this year. The price surged from $0.62 to peak at $1.96 in a little over a week, before the profteers sold, returning the price to a more market driven $1.04.
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Surging in price from November 2020 from around $0.22 USD through the bull run to highs of over $3.50 a few months later was certainly a great introduction to the crypto game by many newbies. As the price of Bitcoin at that time surged and brought many new players to the market, many of those looked to the smaller priced coins to get a foothold in the Atgame.that time it is true, many coins also had 10X increases in just a few months, but XRP we were told was only getting started due to its support amongst major banks and worldwide fnancial institutions. Prices of $10 to $15 were claimed….even price predictions of the infamous “$589” by many YouTubers as well as these new investors...the Army. After returning to Earth with a thud, XRP has endured a long winter of consolidation with the odd spike in price over the last 3 years.
Since then the price has rallied to around the $1.20 mark and compared to traditional assets it is certainly an amazing return of move than 300% from this time last year.
The onward march
The price rollercoaster
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