Disney is diving into NFTs with VeVe
Hello HODLers,
Today I read that Disney was entering the NFT field with VeVe. VeVe was featured recently for launching some Marvel Comics NFTs.
**As a reminder Disney owns IP such as Marvel (SpiderMan), Pixar (Toy Story, Cars, Nemo, The Incredibles), Star Wars, and others.**
The company behind VeVe is Ecomi $OMI. It did an ICO in 2019 where it raised $10.65 million Today they sit on a market capitalization of $1.24 billion
**$OMI token price**
That is a nice pump but after seeing such huge news, I was kind of disappointed. The news must have already been priced in.
This is a great news for the entire Crypto ecosystem and especially DeFi. Also, it is nice to have a serious competitor to OpenSea even if they are not truly comparable.
**The thing I found quite intriguing is that VeVe uses ImmutableX's Layer 2 technology !**
From VeVe's perspective and even Disney, I have trouble to understand where do they sit on the value proposition. Disney has the IP, fine.
But if VeVe just has a nice website and a consumer dapp but uses someone else's Blockchain, Disney just gave them a 1bn Market Cap for free. Well, there might be some under the table deals I am no aware of :D.
**VeVe's presentation**
**I cannot wait for $IMX and $GODS tokens to be live !**
ImmutableX Layer 2 was developped by Immutable, the company behind Gods Unchained and Guild of Guardians. As you probably know if you follow me, I am very bullish on ImmutableX and their games. **$IMX will be a governance token giving dividends (20% of the fees if I remember), voting rights and other bonuses !**
Luckily, every user with Gods Unchained cards prior to the last airdrop snapshot (2-3 months ago) will have $IMX airdrop to them and with these kind of news ramping up, I feel $IMX will be VERY hot.
I even plan to buy more once the $IMX goes live. They seem to attract more and more NFT projects to their own UI and I did not even know they were *selling?*/*lending*? their technology to other projects.
**Below are some of the projects listed on ImmutableX**
If you missed it, I talked about the $IMX Airdrop a few months ago. There will be more opportunities to get your hand on ImmutableX native token but owning some nice Gods Unchained Cards was one of them :D.
https://youtu.be/AGGYfYKNchs
**If you would like to try it out: Sign up using with my referral code: ReeluBRiUf on the website here** **https://godsunchained.com/account/register?referral=ReeluBRiUf**
Sources:
Disney to launch NFT digital collectibles with VeVe https://www.ledgerinsights.com/disney-to-launch-nft-digital-collectibles-with-veve/
VeVe Celebrates Disney+ Day https://medium.com/veve-collectibles/veve-celebrates-disney-day-1314376a017a?source=collection_home---4------0-----------------------
**Latest Analysis**
Basic: Cash-out some of your profits when others are celebrating ! https://leofinance.io/@vlemon/basic-cash-out-some-of-your-profits-when-others-are-celebrating
Swivel Finance introducing fixed rates deposit to Crypto? https://leofinance.io/@vlemon/swivel-finance-introducing-fixed-rates-deposit-to-crypto
A little bit more than 2 weeks until HiveFest ! Will you be there? https://leofinance.io/@vlemon/a-little-bit-more-than-2-weeks-until-hivefest-will-you-be-there
Will you literally sell your eye for free WorldCoin? https://leofinance.io/@vlemon/will-you-literally-sell-your-eye-for-free-worldcoin
Basic: Cash-out some of your profits when others are celebrating !
Hello HODLers,
I am often surprised when people believe each others during *moon speeches* or crazy expectations. These are clearly sign of a fading bull market but it is almost theatre.
Everyone says they expect Coin X to make a X10 / X50; they might but in 99% of the cases, **the individual** ***expecting*** **X10 will have sold after X2.**
**This post from** **@acesontop** **Silence of The Lambs. Was The Dump On Charts, Sir?** **made me think about it.** https://leofinance.io/@acesontop https://leofinance.io/@acesontop/silence-of-the-lambs-was-that-on-charts
He clearly states what I am feeling. Everybody was so confident that we will moon to 100k, with Altcoins doing X10. Today's dip happens and Crypto Twitter is completely silent, all the Mega Bulls do not speak and are waiting, scared.
As @oldtimer commented: https://leofinance.io/@oldtimer
And do not get me wrong, sometimes I do get very bullish about a project which turns out to not be as good as expected. Experience has now taught me to be more conservative in my approach.
**I also learned it the hard way during the 2018 Bull Market and now I always cash out some profits to invest in stablecoins** and farm at c.10-30% APY, this also allows me to buy back some cryptocurrencies I like once it has corrected enough.
**Balancing risks inside your portfolio makes you less succeptible to FOMO either up or down, less stressed, agile to take advantage of any opportunity or irrational market...**
**The Splinterlands case**
If you are following me you know that sometimes I can seem pessimistic. I have called a Top for Splinterlands a few weeks ago when I calculated the fully diluted market cap of the project (Cards, Lands SPS, DEC, SPT...) which was way more than $1-1.5bn.
Don't get me wrong, I love Splinterlands, I still own some cards and play daily BUT in all honesty, the game is not that great (yet) and we play because we get some nice $$$ out of it.
**Looking coldly at it I felt if any legacy gaming company or team launches a game, they could shut down all the indie ones we are currently playing.**
Also, Indie games could improve and compete with legacy ones as they attract capital and improve their gameplay. TBD.
**My guts tell me to invest in Gods Unchained**
**The best example is Gods Unchained which has the best gameplay BUT did not understand and create tokenomics around its game (old school mentality).**
Now that they have set up their tokens (still not live but before year*end) and understood P2E, I bet this will be the next best game and for longer. I know some other hardcore gamers such as @acidyo agree. https://leofinance.io/@acidyo
Because this game is as good as its non-blockchain peers: Hearthstone or Magic The Gathering. Except, you will earn $ or cards with that one.
**And why do I think it will go up? Because I like playing the game. Period. Even without incentives, I would play it !**
It reminds me of Steem back in the day or HIVE now. I just spend most of my time here because I LIKE it. You will reduce a lot your bad decisions by just investing where you like to be/spend your time.
**Shilling time**
**If you would like to try it out: Sign up using with my referral code: ReeluBRiUf on the website here** **https://godsunchained.com/account/register?referral=ReeluBRiUf**
**Latest Analysis**
Swivel Finance introducing fixed rates deposit to Crypto? https://leofinance.io/@vlemon/swivel-finance-introducing-fixed-rates-deposit-to-crypto
A little bit more than 2 weeks until HiveFest ! Will you be there? https://leofinance.io/@vlemon/a-little-bit-more-than-2-weeks-until-hivefest-will-you-be-there
Will you literally sell your eye for free WorldCoin?
https://leofinance.io/@vlemon/will-you-literally-sell-your-eye-for-free-worldcoin
Guess who's back online? Thorchain ! https://leofinance.io/@vlemon/guess-who-s-back-online-thorchain
Swivel Finance introducing fixed rates deposit to Crypto?
Hello HODLers,
Today I decided to write about a small project Swivel Finance.
Swivel Finance is a project **aiming to tokenize cash-flow and fixed-rate lending service.**
Multicoin participated to the $3.5mn raise and was joined by 3 trading desks: GSR Markets, SCC Investments and CMT Digital.
Then we found the usual investors such as OKEx Ventures, SevenX Ventures...
As mentionned by Decrypt:
This may not be an issue for retail investors, after all, gains are gains. But for more buttoned-down outfits, **such variability can pose serious risks for portfolio managers.**
As PMs usually have cash obligations from other revenue sources and therefore if APYs can vary so quickly, they would have to have more cash on hands.
*Deposit APY on Aave since September 10, 2021. Source: Aave*
**But this is already possible on Aave with aETH for example and on many other platforms such as Compound.**
**What does Swivel Finance bring to the table?**
There are two tokens on Swivel:
**nTokens**: traditional yield-bearing token such as aETH
**zcTokens**: Locked up token for a predetermined period. As an example zcETH can be redeemed 1:1 for ETH once the period is over. zcETH are therefore trading at a discount (depending on the lenght of the period)
**It might look like nothing but it allows traders and institutions to truly** ***lock*** **the interest rate on the asset they selected (it could be a stablecoin ofc).**
To the best of my knowledge I do not know fixed rates for Crypto deposits except Binance programs when you can sometime lock a crypto for 30-90 days. But for 6 months? 12 months?
nToken would allow classic long and short spot yield rates.
The mainnet is expected to be launched in the coming month.
**Latest Analysis**
A little bit more than 2 weeks until HiveFest ! Will you be there? https://leofinance.io/@vlemon/a-little-bit-more-than-2-weeks-until-hivefest-will-you-be-there
Will you literally sell your eye for free WorldCoin?
https://leofinance.io/@vlemon/will-you-literally-sell-your-eye-for-free-worldcoin
Guess who's back online? Thorchain !
https://leofinance.io/@vlemon/guess-who-s-back-online-thorchain
Finding my new CEX Home after Binance KYC spooked me! FTX? https://leofinance.io/@vlemon/finding-my-new-cex-hone-after-binance-kyc-spooked-me-ftx
Will you literally sell your eye for free WorldCoin?
I do not know if you heard the latest drama about a new crypto project backed by many VCs called: WorldCoin.
It recently completed a funding round of c.$25mn valuing the overall company at c.$1bn.
Their biggest hurdle was: "How to distribute fairly the coin to every human, while not using ID which could be used for someone else?
Full article there:
https://www.publish0x.com/cryptolemon/will-you-literally-sell-your-eye-for-free-worldcoin-xqmygdj
How to get your Daily Soy Finance Airdrop !
Hello HODLers and Degens,
**After reading posts from** **@jerrythefarmer** **&** **@ghua** **mentioning the upcoming Soy Finance Airdrop on Callisto Network; I decided to jump in !** https://peakd.com/@jerrythefarmer https://peakd.com/@ghua
This is quite an *easy* one if you are a Binance Smart Chain user.
**2 things to do to claim your daily tokens:**
1 trade/tx on PCS. It means that gambling in Prediction markets, trading NFTs does count
1 add/remove LP on PancakeSwap
What I do not get is why there are not hundreds of multi account spamming this. Well, maybe because it will be worth nothing, but I do not want to feel shitty because I would have missed out, so here I am.
**So I have gotten my first SoyFinance Airdrop**
I have no idea what it will be worth but even 12.37 *0.01$ is better than nothing ! :D
I honestly don't know much about Callisto network and the project apart from posts shared by fellow Hiveans !
Here is the Soy Finance Medium Airdrop announcement post. https://soy-finance.medium.com/pancakeswap-airdrop-sowing-soy-e682f7ac861c
They have quite a big audience on Medium for a new project (1.2k followers and some claps) https://soy-finance.medium.com/.
It compares to other projects like KALATA which has 1.3k followers and a $100mn + Market Cap. I talked about Kalata.io yesterday in this post if you have time: kUSD, the Kalata Protocol "StableCoin" https://leofinance.io/@vlemon/kusd-the-kalata-protocol-stablecoin
Stay safe out there,
**Latest Analysis**
kUSD, the Kalata Protocol "StableCoin" https://leofinance.io/@vlemon/kusd-the-kalata-protocol-stablecoin
Hive is HODLing strong, just picked up my $BRO Badge ! https://leofinance.io/@vlemon/hive-is-hodling-strong-just-picked-up-my-usdbro-badge
What do Masked singer, Paris Hilton, Pranksy have in common?
https://leofinance.io/@vlemon/what-do-masked-singer-paris-hilton-pranksy-have-in-common
LeoFi, the place to earn passively on your LEOs ! Short Guide https://leofinance.io/@vlemon/leofi-the-place-to-earn-passively-on-your-leos-short-guide
Hive is HODLing strong, just picked up my $BRO Badge !
Hello HODLers,
Today I was once again looking at HIVE performance and seeing it stand in the green among a lot of reddish numbers made me proud of my baby !
**So many positive things continuing to happen on our beloved Blockchain !**
I see a lot of people I follow and HIVE OGs powering down to take advantage of this quite high $HIVE price. This is normal, same thing happened on STEEM, when you have old time users sitting on 250k+, who would blame them for selling? Not me !
But **the big difference is that HIVE is holding its ground and you have strong hands and whales picking these tokens on the market.** This is new to me.
Also, as I mentionned in a previous post about the ALL In Podcast, institutionals are kneed deep into the Blockchain and Crypto Worlds and seeing what happened lately with Facebook, some early investors are looking at decentralized social medias.
**The marketing push thanks to** **@lordbutterfly** **seems also to pay off as I have heard the first Brave Browser users having been exposed to the Hive Blockchain Ads !** https://peakd.com/@lordbutterfly
This is making me bullish on HIVE.
**Hive Chart**
This looks like a strong cryptocurrency holding its ground, I expect us to find support on the MA25 (purple line) and try to go past the MA7 (brownish one).
**Chasing the BRO Badge !**
Seeing a few posts including this one One more badge - I am a proud hodler of at least 10 $BRO by @katerinaramm https://leofinance.io/@katerinaramm/one-more-badge-i-am-a-proud-hodler-of-at-least-10-usdbro https://peakd.com/@katerinaramm
And I just thought: **I freaking need that badass badge !**
I went on my favorite Hive Tokens Platform @Leodex and bought some $BRO ! https://peakd.com/@leodex
And there sits my BRO badge just under my profile on Peakd.com
**Latest Analysis**
What do Masked singer, Paris Hilton, Pranksy have in common?
https://leofinance.io/@vlemon/what-do-masked-singer-paris-hilton-pranksy-have-in-common
LeoFi, the place to earn passively on your LEOs ! Short Guide https://leofinance.io/@vlemon/leofi-the-place-to-earn-passively-on-your-leos-short-guide
Binance is investing $1bn in its BSC ! But where? https://leofinance.io/@vlemon/binance-is-investing-usd1bn-in-its-bsc-but-where
Bitcoin will be legal tender in 5 countries by 2022 ! Who wants to bet? https://leofinance.io/@vlemon/bitcoin-will-be-legal-tender-in-5-countries-by-2022-who-wants-to-bet
Posting for peanuts on Read.Cash but still posting hehe !
Check out my latest article: What do Masked singer, Paris Hilton, Pranksy have in common?
https://www.publish0x.com/cryptolemon/what-do-masked-singer-paris-hilton-pranksy-have-in-common-xrnrexx
Tell me what ar eyour thoughts and how I could get selected for some upvotes by the bot because until now I am getting nothing hehe
Bitcoin will be legal tender in 5 countries by 2022 ! Who wants to bet ?
Hello HODLers,
**I had this idea after reading an article where BitMEX's CEO predicts Bitcoin will be legal tender in 5 countries by 2022.**
And I just thought about it before even reading the article. After a few seconds, I just thought this was a no-brainer for countries being dollarized as with speak.
**Dollarization is the process of a country using dollar as its own currency even if it has no influcence over the US central bank policy.**
It is used by countries with weak/corrupted governments where citizens do not trust their own government. It is also used to prevent a weak currency to be attacked and to prevent hyperinflation.
Both of these points were reasons why El Salvador was a country using dollars as its own currency. We have other examples such as Macedonia (well Northern Macedonia now) using euros, etc...
Let's look at the different the countries using dollar as their own currency:
Source: World Bank
Well, I guess you spoted our dear El Salvador. These countries use USD officially but in many others, the people use dollar in day to day life even if the state did not make it "legal tender".
Countries like Argentina, Turkey are good examples where you can buy literraly everything with USD.
I would expect financially advanced countries such as Panama, US Virgin Islands to try passing such law very soon.
**El Salvador Bitcoinization is working**
I was surprised how smooth was the Bitcoinization of an entire country ! Of course some people took advantage of the process and there were small bugs but overall it went well.
This will help other countries to jump in and folloz EL Salvador's lead.
**So, who is taking the other side of this bet :D ?**
**Latest Analysis**
SPK network and "Hive DEX" could be the next HIVE success stories ! https://leofinance.io/@vlemon/spk-network-and-hive-dex-could-be-the-next-hive-success-stories
Bitcoin's Pandora Box has been opened a while ago! https://leofinance.io/@vlemon/bitcoin-s-pandora-box-has-been-open-a-while-ago
HIVE is finally getting noticed: HIVE/BUSD, Brave Ads... https://leofinance.io/@vlemon/hive-is-finally-getting-noticed-hive-busd-brave-ads
Setting up my Coinlist account to participate in future token public sales ! https://leofinance.io/@vlemon/setting-up-my-coinlist-account-to-participate-in-future-token-public-sales
Bitcoin's Pandora Box has been opened a while ago!
Hello HODLers,
Checking on the news I saw that during the past week they kept tralking about the Pandora papers, the new fiscal evasion drama.
**Despite all the big headlines, 13,000 bns of assets in off-shore paradise is not a big news and most of them have been acquired legally and are put there to pay less taxes legally.** In addition, as world citizens we are missing out on the potential taxes on it and not the overall number.
This was just 2 things I wanted to make clear and do not get me wrong, if these people cheated they should be punished. **If they just used the legal loopholes; well our politicians should be punished :D.**
Nevertheless, I came accross this article from Cointelegraph (I know, not the best crypto source: Institutions buying Bitcoin rather than gold as inflation cranks up: JPMorgan https://cointelegraph.com/news/institutions-buying-bitcoin-rather-than-gold-as-inflation-cranks-up-jpmorgan
JP Morgan is explaining that the recent rally of Bitcoin is due to instutional investors opting for it as an inflation hedge rather than for good old gold !
“Institutional investors appear to be returning to Bitcoin perhaps seeing it as a better inflation hedge than gold.”
As our Bitcoin hero stated, there has been an implicit endorsement of Bitcoin by major financial instutitions AND regulators. This is definitely very different than for Altcoins and Stablecoins.
Another positive is the relative success the rollout of El Salvador's Bitcoin plan. There has been some issues as it was expected but overall it should be considered a success. I will dig deeper into this roll-out and its flaws in my next post.
This roll-out would have been **impossible** with the 2nd layer lightning network. And it did work even with such a strong usage in El Salavador. Quite an important stepping stone if we expect Bitcoin to be one day a true global day to day currency.
**It always impresses me how humans are able to readapt their narratives. It seems now normal that a country would use Bitcoin as legal tender currency.** ***Why not?*** **would anyone say.**
In 2-3 years if Bitcoin continues to thrive, even the most pessimistic and enemies will soften their stance and convince themselves that *they were not really anti-bitcoin*.
We might need to remind them if they start claiming they always believed xD!
Funny enough, I was looking at a chart on Bogged.finance and during the loading time this popped-up:
**Who would argue today? 10 years ago? 20 years ago?**
**Latest Analysis**
HIVE is finally getting noticed: HIVE/BUSD, Brave Ads... https://leofinance.io/@vlemon/hive-is-finally-getting-noticed-hive-busd-brave-ads
Setting up my Coinlist account to participate in future token public sales ! https://leofinance.io/@vlemon/setting-up-my-coinlist-account-to-participate-in-future-token-public-sales
Yes, HIVE is trading at >$1.14 but still #172 ! https://leofinance.io/@vlemon/yes-hive-is-trading-at-usd1-14-but-still-172
Looking at the new DeFi Trends (Terra, Solana...) https://leofinance.io/@vlemon/looking-at-the-new-defi-trends-terra-solana
HIVE is finally getting noticed: HIVE/BUSD, Brave Ads...
Hello HODLers and Hiveans,
Yes, we are ! Today I came across a few tweets mentionning us; even some from Dan Larimer, claiming he knew our flaws. Funny.
I just want to focus on the positive. We had the huge spike 2 days ago, many took this as an opportunity to sell which I do not blame. I believe there are much more upside going forward.
**HIVE/USDT**
We bounced back on the Daily MA7 and **the chart looks actually quite good and bullish**.
**This pump also happened to start at the same time that we started our Brave Browser Marketing initiative.** Thank you @lordbutterfly for taking care of this; more in this post. https://leofinance.io/@lordbutterfly https://peakd.com/hive-167922/@lordbutterfly/marketing-update-29-brave-ads-live-hiveio-redesign
**Brave Marketing**
I do use daily Brave browser but haven't had the chance to see our Hive pop-up; nevertheless you can see below what it would look like.
**HIVE/BUSD pair on Binance**
Today, Binance announced that they added one pair HIVE/BUSD. This is a great news as many of us in the Binance Smart Chain ecosystem use BUSD.
Also, with many controversial posts and FUD on USDT, it is reassuring to know we have another stablecoin pair.
**I believe the recent volume during the HIVE pumped prompted Binance to offer this in order to get some of this volume.**
Future is bright for the Hive Blockchain ecosystem, let's enjoy it !
**Not selling**.
**Latest Analysis**
Setting up my Coinlist account to participate in future token public sales ! https://leofinance.io/@vlemon/setting-up-my-coinlist-account-to-participate-in-future-token-public-sales
Yes, HIVE is trading at >$1.14 but still #172 ! https://leofinance.io/@vlemon/yes-hive-is-trading-at-usd1-14-but-still-172
Looking at the new DeFi Trends (Terra, Solana...) https://leofinance.io/@vlemon/looking-at-the-new-defi-trends-terra-solana
Hive Ecosystem Power-up Day ! https://leofinance.io/@vlemon/hive-ecosystem-power-up-day
Setting up my Coinlist account to participate in future token public sales !
I believe this is a GREAT opportunity if you can secure an allocation. I will update you if I do ;)
You can find the full article there: https://www.publish0x.com/cryptolemon/setting-up-my-coinlist-account-to-participate-in-future-toke-xglqdkj
Yes, HIVE is trading at >$1.14 but still #172 !
Hello HODLers,
What a time to be alive right?
**CryptoMarkets have been up for the past few days after some positive signals from the FED as Powell said he has** ***no intention*** **of banning crypto.**
**Also, Facebook being down with its entire ecosystem (Whatsapp, Messenger and Instagram) made a lot of people realize how fragile and centralized most of our social networks are?**
Brazilian lawmakers aim to make bitcoin a legal *payment currency*. Another El Salvador coming? Maybe not yet, but this would be the first step.
**#172 ? Don't we deserve better?**
Most of you were not on this platform when Steem was in the Top 20 ! Yes, Top 20 and even 10 at some point. along the Litecoin, DASH, XRP, EOS, etc...
Today and even after this +67% in the past 24 hours, HIVE is surrounded by average projects.
**When you look at other coins around us, they lack almost everything we have:**
a working blockchain capable of processing thousands of txs
a strong community (#1 social media blockchain by users and txs)
hundreds of dapps
an history (even if it was scary to go through the Steem community fork)
Even when I look into the Top 50, I have trouble to find projects as polished as Hive.
We , as Hiveans and users have been suffering from the fact that we have been around a while and we were able to get HIVE under 0.2-0.3$ but that is not different than when Ethereum users getting their coins under 30$ and feeling reluctant to buy at 200$ as they thought it was *expensive*.
Do you think Ethereum is expensive at $200? I guess 99% of people would say it was a good opportunity to Buy the TOP (because it was the TOP)...
**My strategy**
For the past month and a half, I have continuously staked my HIVE and did not power down (still not !).
Even if HIVE goes up to $3-4, I do not plan to power down as I will be earning more and more $HBD to finance other investment opportunities I might see.
**My HIVE price target**
I think it is not too optimistic to think $HIVE will make it in the Top 100 most valued cryptocurrencies.
That would mean HIVE would to do 2.3x-2.5x and therefore reaching a price per token around $2.5-$3.
**What are your plans? What are your thoughts?**
**Latest Analysis**
Looking at the new DeFi Trends (Terra, Solana...) https://leofinance.io/@vlemon/looking-at-the-new-defi-trends-terra-solana
Hive Ecosystem Power-up Day ! https://leofinance.io/@vlemon/hive-ecosystem-power-up-day
How to earn daily with Crusaders of Crypto (CoC) https://leofinance.io/@vlemon/xcxgqveq
Call to action! Reach out to the All-In Podcast's crew https://leofinance.io/@vlemon/call-to-action-reach-out-to-the-all-in-podcast-s-crew
Looking at the new DeFi Trends (Terra, Solana...)
Hello HODLers,
This morning I was checking out on the different DeFi Chains and **could not help to notice that the 2 new darlings of the DeFi Space are getting some traction.**
I am talking about Solana and Terra. **The latter has been gaining momentu, through its decentralized stable coin UST which is backed by burned Terra. Making the Terra asset under strong pressure, therefore speculators and investors have been piling up on this trade.** There might be some upside but I am thinking of my "get out" plan as we speak.
Ethereum and the overall DeFi Space has increased thanks to **Uptober** being great so far !
**Terra and Solana are performing very well**
**One ratio that I would hightlight is on the right side: TVL/Mkt Cap.** Even if you should not just take this ratio, it can help to get a sense of over/undervalued protocols.
Not everything is comparable though as when youhave a BNB you have the BSC, the DeFi space but also the centralized exchange. Ethereum has many other dapps not using DeFi (dapps, games, etc...).
Nevertheless, it seems there might still be an **opportunity to jump on the Terra train as it is sitting at a 1.83x TVL/Mkt Cap ratio.**
Polygon also sits at a similar number BUT it has been losing *DeFi market share* lately and therefore is not in a growth mode.
**Terra (LUNA) Price Chart**
Terra did perform very well for the past 14 days (+60%). I plan to continue to read more about it in order to decide if I will build a long term position hoping it might develop into THE decentralized stablecoin.
That is all for today.
I wish you all a great Tuesday and stay safe out there ;)
**Latest Analysis**
Hive Ecosystem Power-up Day ! https://leofinance.io/@vlemon/hive-ecosystem-power-up-day
How to earn daily with Crusaders of Crypto (CoC) https://leofinance.io/@vlemon/xcxgqveq
Call to action! Reach out to the All-In Podcast's crew https://leofinance.io/@vlemon/call-to-action-reach-out-to-the-all-in-podcast-s-crew
I just broke my piggy-bank for GU's Divine Order Expansion Set https://leofinance.io/@vlemon/i-just-broke-my-piggy-bank-for-gu-s-divine-order-expansion-set
How to earn daily with Crusaders of Crypto (CoC)
Hello there Read.cash community,
**Check out my latest video on Crusaders of Crypto and how I earn daily.**
**This is a project I quite like and I hope you will as well !**
https://www.youtube.com/watch?v=BCAUh_-WLwY
Hit me up with questions if you have some.
Best,
Cryptolemon
Twitter BTC tip is a major breakthrough !
Hello HODLers,
What happened the past few days with Twitter's tipping service is a major milestone for Bitcoin and crypto adoption.
Who would have imagined this to happen even a few years back?
**As Jeff John Roberts from Decrypt.co clearly states it:**
Where to begin? For starters, this might be the most mainstream moment in Bitcoin's history.
https://twitter.com/i/status/1441085130487975952
No matter if we agree with Jack's political and personal views, Twitter and Square the two companies he created are clearly helping cryptocurrencies to go mainstream.
**Twitter - Tipping with Bitcoin**
https://youtu.be/yfGb55X1HUI
https://www.youtube.com/embed/yfGb55X1HUI
**There are still two major points to monitor:**
The reliance of this tipping service on Strike
Its founder might not be ready for the pressure it might get from the US government. Finally, the roll-out of the Strike solution in El Salvador was quite bumpy so we might also see some issues with the Twitter solution
Tax ruling is till very confusing around Bitcoin
I mean, maybe some users getting tips from some fans might get a tax surprise in many countries but this is a risk for any crypto investor/user.
**NFTs are next !**
The company also announced its plans to *explore NFTs fo authentification*.
**This could give even more values for some of these cryptopunks or other Crypto Social Status' NFTs !**
*"It’s a way to support creators making this art with a stamp to demonstrate authenticity,"* said Twitter executive, Esther Crawford. *"By allowing people to connect their Bitcoin wallets, they can track and showcase their NFT ownership on Twitter."*
**Good news keep piling up and the only thing worrying me is the crackdown from SEC and other government agencies in the US.**
Apart from this, it seems we are all set to go to the next level of crypto adoption ;).
Stay safe out there.
Source:
Decrypt article https://decrypt.co/81731/twitter-bitcoin-tipping-nft-avatars
**Latest Analysis**
BUIDLing wealth one coin at a time: My Roadmap https://leofinance.io/@vlemon/buidling-wealth-one-coin-at-a-time-my-roadmap
Another "ETH Killer" bites the dust... https://leofinance.io/@vlemon/another-eth-killer-bites-the-dust
Sunday crypto market thoughts ! https://leofinance.io/@vlemon/sunday-crypto-market-thoughts
Kalata: Derivatives platform on BSC https://leofinance.io/@vlemon/kalata-derivatives-platform-on-bsc
BUIDLing wealth one coin at a time: My Roadmap
Hello HODLers,
This is a post to share with you where I am sitting with my current investments and where I plan to go. **I do NOT want to repeat past mistakes.**
I have had the sadness to miss out on the previous gains of this bull market for some personal reasons but since then and especially over the past 3 months, I have been actively engineering my "Future Wealth Plan" !
**1. HIVE ecosystem**
The HIVE ecosystem is a tremendous opportunity for all of us out there. I have been dumb enough to sell a lot of HIVE over the years. I am quite ashamed of it as I would have a big orca stack if I had just kept them and kept blogging and developing the platform.
Selling HIVE is definitely behind me and **I keep all my Hive Power.** I do sell Hive dollars sometimes for other stablecoins in order to farm in the DeFi world (mostly BSC and ETH).
I have also been earning and staking tribes tokens such as LEO, PoB, CTP, ARCHON and more recently CENT.
I believe **strongly** in LEO and therefore also plans to buy some on the Hive market or on the BSC chain. The mobile app coming is really getting me pumped up :D! I just have 2.4k LEO and definitely would like more. Stay tuned ;)
I have still a bit of my Splinterlands collection which allows me to get some SPS airdrop and some DEC via renting cards. I also do my Daily quests and I am getting cards every now and then.
**2. Binance Smart Chain Farming**
I will not go through all the positions but I will talk about the one I plan to continue to add up to.
A few days ago I talked about Kalata.io, a derivatives platform making a lot of noise and connections on the BSC.
I have been staking BUSD and KALA-BUSD over the past month and it has been very profitable.
There are risks as founders of this platform are still unknown but they have been delivering on promises so far.
**3. CryptoGaming**
Another part of my investment goal is to continue to look what's next in the Crypto Gaming World.
I believe that Gods Unchained is undervalued, the game is great and now that the $IMX airdrop snapshot is taken, they can move on to next goals $GODS token, new expansion in 5 days and finally having a mobile app in maybe a few months.
I have been buying a lot of cards ahead of the airdrop to get some $IMX tokens that I believe will be worth a lot later on.
https://youtu.be/Nt-PlHFW9Dw
**Crusaders of Crypto**
This is my **moonshot**. It is now **only** around $1mn market cap.
This is:
a working game,
has NFTs (soon upgradable),
new mode called *Tower* where you go up levels to drop NFTs,
they have their own NFT marketplace
By holding their token you get a lot of advantages (BNB dividends, more NFTs, less cooldown...)
Below are my 2 videos on this great Blockchain game: Crusaders of Crypto (CoC)
**CoC Gameplay**
https://youtu.be/z9u7Yt4APO4
**CoC Tokenomics**
https://youtu.be/T8v9k8IGuqE
**Latest Analysis**
Another "ETH Killer" bites the dust... https://leofinance.io/@vlemon/another-eth-killer-bites-the-dust
Sunday crypto market thoughts ! https://leofinance.io/@vlemon/sunday-crypto-market-thoughts
Kalata: Derivatives platform on BSC https://leofinance.io/@vlemon/kalata-derivatives-platform-on-bsc
Torum, a social media crypto just launched its $XTM token ! https://leofinance.io/@vlemon/torum-a-social-media-crypto-just-launched-its-usdxtm-token
Do you know Orca.so ? A new DEX on Solana!
Hello HODLers and Solana lovers,
If you did not hear, www.orca.so raised more than $18mn from Polychain, Placeholder, and Three Arrows Capital and many other PE firms.
**It is starting quite well with almost $300mn in TVL. They also have more than $40mn daily volume.**
The fact that there are a lot of private capital behind make it more *legit* than many anonymous projects I guess :D.
They want to make it the most efficient and user friendly AMM out there including their Ethereum competitors !
They also added this magicbar that allows you to type for swap instead of clicking many times. Not a freat innovation in my opinion but if they had a lot of these user friendly widgets, that could be great for the end customer.
“We are working on a smart contract that will allow for more capital-efficient trades (lower slippage) compared to our current smart contract, even with the same amount of liquidity,” Grace “Ori” Kwan, co-founder of Orca told Decrypt.
**$ORCA Token has skyrocketed**
The project is valued at $68mn currently which could be much higher if more TVL joins the party !
**Did you know that new DeFi platform?**
Stay safe out there.
Source https://decrypt.co/81526/decentralized-exchange-solana-raises-18m-series-funding
**Latest Analysis**
Sunday crypto market thoughts ! https://leofinance.io/@vlemon/sunday-crypto-market-thoughts
Kalata: Derivatives platform on BSC https://leofinance.io/@vlemon/kalata-derivatives-platform-on-bsc
Torum, a social media crypto just launched its $XTM token ! https://leofinance.io/@vlemon/torum-a-social-media-crypto-just-launched-its-usdxtm-token
Another "ETH Killer" bites the dust... https://leofinance.io/@vlemon/another-eth-killer-bites-the-dust
Yesterday night was ImmutableX IMX Airdrop Snapshot !
Hello HODLers and Gods Unchained players,
Yesterday night at 11.59 pm UTC, the snapshot was taken for the last batch of the $IMX upcoming airdrop.
I have been connecting my account to ImmutableX and buying some more cards in order to get a bigger chunk of the airdrop.
As I think this will kick-off the Gods Unchained Play to Earn (P2E) phase, I also bought a bunch of common cards of previous extensions, anticipating a new inflow of players once you might actually earn by playing Gods Unchained.
https://www.youtube.com/watch?v=AFkcklZqb0U&t=206s
Crusaders Of Crypto (CoC) - Live Gameplay
HODLers and Crusaders,
**This is definitely a game to check out.** Despite the token price not performing well at the moment. The development team has been delivering and the community is strongly supporting this project.
This is a Play To Earn with an actual playable game. You do not have to buy the token to play but it helps in maby aspect of the game. I love what they have achieved until today.
**Clearly undervalued at <1mn in my humble opinion !**
**My gameplay video on Youtube ! P.S: Follow me :)**
https://www.youtube.com/watch?v=z9u7Yt4APO4&t=401s
Crusaders of Crypto website: https://site.crusadersofcrypto.com/
➡️ http://cryptolemon.org/
➡️ Twitter: https://twitter.com/VinnieLemon
➡️ Youtube: https://www.youtube.com/channel/UChO23TdSZBurqyINM98PPRQ
Kalata: Derivatives platform on BSC
Hello HODLers,
I hope everyone is enjoying their weekend and taking time off the computer.
I just wanted to share a derivatives platform called Kalata that I am using and quite excited about on the Binance Smart Chain. The project is called Kalata and is still in early stage but over the past month they have delivered on many fronts and are gaining momentum. https://www.kalata.io/
As usual, this is NOT investment advice, but only my 2 satoshis.
**Kalata: Trading UI**
I think it looks quite cool as you have the chart on the left (they jsut updated it 2 days ago, it used to look quite shitty xD) and on the right you have the basic swapping widget.
As you can see the $KALA coin has done quite well.
There has been different rounds of Pre-sale and IDO launches. I got my tokens at $0.27 a month and a half ago. So quite a nice return.
You can only *synthetize* kCoin at the moment which is supposed to represent a share of Coinbase.
Nevertheless, you can have some every **good APR on your $BUSD >40% at the moment. You should just know that you earn $KALA and then you need to unlock them by having some KALA-BUSD LP.**
So it is a 2 steps process explained very well in their documentation.
**Minting kCoin tokens**
At the moment you can only mint kCOIN tokens with BUSD, I imagine you will be able to use $KALA in the future. Even if the risk associated will be definitely higher because of the higher volatility.
**Partnerships**
The Kalata team seems to know how to reach out to other projects and to bring new users.
They have now a TVL of $21mn and have partnerships with Alpacafinance ($1.5bn TVL), Wizzards and other small projects
**Roadmap**
This is quite an active project on Twitter, Telegram or in terms of development.
I am quite excited on the Q4 roadmap:
NFT platform
More asset minting !
Launchpad (and looking at the number of parternships, it looks promising)
In any case this is still early stage so please, invest responsibly.
Kalata website https://www.kalata.io/
**Latest Analysis**
Torum, a social media crypto just launched its $XTM token ! https://leofinance.io/@vlemon/torum-a-social-media-crypto-just-launched-its-usdxtm-token
Another "ETH Killer" bites the dust... https://leofinance.io/@vlemon/another-eth-killer-bites-the-dust
Another Bitcoin's energy consumption FUD? Here is why we should not care https://leofinance.io/@vlemon/another-bitcoin-s-energy-consumption-fud-here-is-why-we-should-not-care
Intense FUD coming from South Korea regulators ! https://leofinance.io/@vlemon/intense-fud-coming-from-south-korea-regulators
Torum, a social media crypto just launched its $XTM token !
Hello HODLers and maybe Landers,
Today I am going to talk about a Crypto Social Network that some of you know. I understand that it can be seen as competition since I am writing this article on other platforms but **I believe we all gain to have a fair competition in order to be ready to onboard mainstream users.**
So, Torum.com is a social network developped by a Malaysian team. It has attracted a lot of capital from VCs and other investors prior to their private sale and IDO. https://www.torum.com/signup?referral_code=cryptolemon
The platform has been live for a year or so and you were able to **gain these $XTM by completing daily tasks on the platform and by reaching certain milestones.**
One of the easiest way to get some $XTM tokens is to onboard new users using your referral code. Here is mine if some of you did not join yet. https://www.torum.com/signup?referral_code=cryptolemon
You will get 35 $XTM worth a few $ at the moment.
**HECO Fund investment**
The HECO Blockchain is the blockchain created by Huobi Exchange. It is kind of like Binance Smart Chain and the Binance Exchange.
They have announced on August, 6th that they have invested in Torum.
Since then, Torum has stepped up and added new features such as 3 airdrops (easy to claim on the HECO chain) and conducted its own IDO.
Medium Post: Torum Announces Strategic Investment by Huobi Ventures HECO Fund https://medium.com/torum-official/torum-announces-strategic-investment-by-huobi-ventures-heco-fund-928b2672c9fa
**Torum x Uniswap announcement**
Yesterday, they announced the launch of the liquidity pool where we could finally get some liquidity for our $XTM tokens.
Uniswap address to swap $XTM token to $ETH: Uniswap https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0xcd1faff6e578fa5cac469d2418c95671ba1a62fe&use=V2
**I did not cash out any of the 1.5k $XTM I earned through posting as the roadmap seems quite exciting.**
**Below are their projects for H2-2021:**
Torum NFT Launchpad: The initial NFT offering platform for projects to issue a set of limited edition NFTs to the community.
Torum NFT Marketplace: The first social-infused NFT marketplace with the ability to market NFTs to the users of Torum.
Torum Airdrop: A premium section for projects to conduct airdrops to the Torum community.
Torum News: A one-stop news and information aggregator for projects.
Torumgram: A bridge that connects Telegram groups and channels to Torum.
Torum Lounge: An audio-only board to conduct AMA and close-engaging events.
Sounds good right?
**Already listed on Hotbit exchange**
**XTM first trading hours**
The coin is doing very well sitting around c.$0.15. I believe the private sale was done around 6 cents and the lock-up is over a year so we should not have a huge dump coming up in the next few days.
I also think that they will announce some new features soon; maybe the NFT marketplace? in order to sustain the current momentum.
I am therefore waiting for some kind of staking product so I can play Torum.io for the long term and still get some nice yield.
Stay safe out there,
Cryptolemon
**My referral so we can both get 35$XTM:** **https://www.torum.com/signup?referral_code=cryptolemon**
**Latest Analysis**
Another “ETH Killer” bites the dust… https://leofinance.io/@vlemon/another-eth-killer-bites-the-dust
Another Bitcoin’s energy consumption FUD? Here is why we should not care https://leofinance.io/@vlemon/another-bitcoin-s-energy-consumption-fud-here-is-why-we-should-not-care
Intense FUD coming from South Korea regulators !
https://leofinance.io/@vlemon/intense-fud-coming-from-south-korea-regulators
Splinterlands’ tokens (SPS, DEC, SPT) are going through a stabilizing period https://leofinance.io/@vlemon/splinterlands-tokens-are-going-through-a-stabilizing-period
Another Bitcoin's energy consumption FUD? Here is why we should not care
Hello HODLers,
**Guess who is back? Our old FUD friend.**
This is probably the most famous FUD we haver had, you guessd it: the one about Bitcoin's energy consumption!
**4 months ago I had made and published a video on this specific subject, not much has changed since then I guess.**
**Debunking Bitcoin Energy Consumption FUD!**
https://www.youtube.com/embed/JdewSHvWwec?t=102
**What is this Bitcoin's energy FUD cycle about?**
According to Bloomberg:
**The Bitcoin network was estimated to consume about 67TWh of electricity in 2020, and its total consumption has already surpassed this in 2021**
**Estimates for the 2021 Bitcoin's energy consumption are around 91TWh which is equivalent to the Pakistan's energy.**
Source https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibc9sZZmgSVc/v2/800x-1.jpg
Interesting graph as we can clearly see the end of 2020 and 2021 Bull run followed by the Chinese miners exodus. These mining capabilities came back online during the past 2 months.
Since then, mining firms have moved to Kazakhstan and neighbouring countries as well as to US and Europe.
**But we mostly use renewable energy, right?**
Well... I thought more than 50% was from renewables but the latest datas from the following report: 3rd Global Cryptoasset Bechmarking Study, University of Cambridge estimates that **only 39%** of the energy used to mine Bitcoin is ***clean***. https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/publications/3rd-global-cryptoasset-benchmarking-study/
**Battle around the figures**
The truth is: **It does not matter if it is 40% or 56%**, as explained in my video.
**We need to look at the big pictures, yes it is energy consuming BUT what does it bring ?**
Financial Freedom for a large part of the world's population
Potentially replacing part of the existing Banking and gold systems (especially concerning remittances, etc...) which consume A LOT of energy
Freedom to *hedge* against extreme monetary policies and hyperinflation
First non-government issued currency
Will push the switch to renewable energies as Bitcoin need constant electricity and can be close to production centers instead of city centers
I do not think that arguing around the % of renewables that would be "okay" is the good strategy. In the end, we will go towards a higher and higher percentage as it will be more profitable for farms to be closer to renewable energy sources.
Sources
Bitcoin’s 2021 Energy Use Has Already Surpassed 2020, Bloomberg https://www.bloomberg.com/news/articles/2021-09-13/bitcoin-s-2021-energy-use-has-already-surpassed-2020-bnef-chart
Bitcoin Energy Consumption This Year Already More Than All of 2020 https://decrypt.co/80897/bitcoin-energy-consumption-year-already-more-2020
**Latest Analysis**
Intense FUD coming from South Korea regulators !
https://leofinance.io/@vlemon/intense-fud-coming-from-south-korea-regulators
Splinterlands' tokens (SPS, DEC, SPT) are going through a stabilizing period
https://leofinance.io/@vlemon/splinterlands-tokens-are-going-through-a-stabilizing-period
Which Blockchain attracted the most developers the past 12m? https://leofinance.io/@vlemon/which-blockchain-attracted-the-most-developers-the-past-12m
Intense FUD coming from South Korea regulators !
Hello HODLers,
I completely missed this information as I just became aware of it today. There is a very important deadline on September, 24th for crypto operators to comply before being forced to shut down.
Smaller exchanges and industry actors have contested these new requirements for the past year without success. https://cointelegraph.com/news/crypto-exchanges-could-sue-korean-gov-t-for-passing-the-buck-to-banks
**Estimates show that c.40 crypto operators out of 60 could have to shut down** even if I expect this number to be overstated by South korean Crypto participants.
**What does this new regulation want?**
**The obligation for ALL exchanges to show evidence that they are operating using real-name accounts at South Korean banks.** The issue being that many local lenders have resisted doing so over fears og being exposed to money laundering.
First, South Korea is a big Cryptocurrency market with a tech savvy population and quite a sizeable Crypto Market. It is the 3rd market for Bitcoin and is even bigger than Japan.
*It seems that Upbit, Bithumb, Korbit and Coinone (90% of SK traded volume) already or are close to comply to the new regulation** and experts think this could make the market even more concentrated.
**42 Kimchi coins are threatened!**
You may ask: *"What is a Kimchi coin?"*
A Kimchi coin is a smaller altcoin listed on smaller platforms and traded against the Korean won. Some local experts expect a **Crypto Bank Run** as user realize that they have to sell and cash out their smaller coins because they might no longer be listed anywhere.
All these new measures are aimed (according to the regulator) to **curb the enthusiasm for crypto trading from retail and younger investors.**
**What are your thoughts? Do we need all these regulations?**
Stay safe out there...
Sources:
South Korea crypto crackdown to wipe $2.6bn from ‘kimchi coins’, FT https://www.ft.com/content/dccac69e-9ebe-468a-b089-4f40d77d5a80
Majority of Korean crypto exchanges to shut down this month, insiders say https://cointelegraph.com/news/majority-of-korean-crypto-exchanges-to-shut-down-this-month-insiders-say
**Latest Analysis**
Splinterlands' tokens (SPS, DEC, SPT) are going through a stabilizing period
https://leofinance.io/@vlemon/splinterlands-tokens-are-going-through-a-stabilizing-period
Which Blockchain attracted the most developers the past 12m? https://leofinance.io/@vlemon/which-blockchain-attracted-the-most-developers-the-past-12m
US Housing Market is heating up. Will tapering and higher rates crash it? https://leofinance.io/@vlemon/us-housing-market-is-heating-up-will-tapering-and-higher-rates-crash-it
Which Blockchain attracted the most developers the past 12m?
Hello HODLers,
In case you missed it, a very important report was released recently focused on the developing activity and the number of developers trends. It has been a good year for some of the most active blockchains.
This is based on the report Blockchain Development Trends, June 2020 to 2021 by Outlier Ventures https://outlierventures.io/wp-content/uploads/2021/09/Blockchain-Trend-Report-Q2-20-21.pdf
**June 2020 - June 2021 total number of commits**
Total number of commits has 1.3% over the 12 months period.
**Blockchains with the most commits**
https://images.hive.blog/DQmehJhaibMr5Dq8YZYutuYwaunPhP8ury79rUUX39P3sDn/image.png
All of the blockchains mentioned in the Top commit ranking have performed extremely well over the 12 months analyzed. I believe this kind of data can help inestors to pick winning blockchains and be sure that work is being done to grow the ecosystem
On the other side we can some old blockchains declining in terms of commits
Some of these have almost died out and some others are still holding on and maybe regrouping in order to attract more developers in the future.
This report is very nicely written and a must read for developers to understand which blockchains are **hot** right now and where they should focus their attention.
**They are also looking at the entire DeFi space using the same metrics but I thought I would let you discover this part of the report. Spoiler, DeFi did play a major role over the past 12 months.**
Stay safe out there,
Source: Blockchain Development Trends, June 2020 to 2021 by Outlier Ventures https://outlierventures.io/wp-content/uploads/2021/09/Blockchain-Trend-Report-Q2-20-21.pdf
**Latest Analysis**
US Housing Market is heating up. Will tapering and higher rates crash it? https://leofinance.io/@vlemon/us-housing-market-is-heating-up-will-tapering-and-higher-rates-crash-it
Today, El Salvador implements Bitcoin as legal tender. Could it blow up in our face? https://leofinance.io/@vlemon/today-el-salvador-implements-bitcoin-as-legal-tender-it-could-blow-up-in-our-face
What is the total Splinterlands cards marketcap? Next move: Up or down? https://leofinance.io/@vlemon/what-is-the-total-splinterlands-cards-marketcap-next-move-up-or-down
US Housing Market is heating up. Will tapering and higher rates crash it?
Hello HODLers and investors,
As I am in the process of selling my flat in Europe in order to go to the Bay area, **I was checking some housing metrics to confirm that I will not be able to afford anything on this side of the world :D.**
I am so confused on the current direction of the housing market.
**On the positive side:**
**Inflation is increasing everywhere (US and Europe)** and this morning data from China shows that the production price indice (PPI) is up 9.5% in August YoY. **The biggest increase in the past 13 years !**
The lack of houses being built in the US is astonishing, therefore the demand is staying constant and the supply is lower and lower.
There are so few houses available in the US that it caused a drop in the amount of mortgages and other type of credits to US consumers over the past month.
We saw a sharp increase in places further away from city centers (1hour+ commute) or even in non-metropolitan areas as teleworking is becoming the norm and another wave of COVID is on its way.
**On the negative side:**
Tapering is going to happen sooner than later, 10Y TBills have trended up and should continue to push rates higher.
The Higher the interest rates, the less $ a buyer can borrow and usually it put a downward pressure on housing prices
We reached some incredible price levels where it takes almost 10 years of median household income to buy a median home in LA (historical average is 2.6 years)!
Demographics in most European countries is okayish and therefore the future demand should be lower
**Latest metrics**
**Least affordable metros**
The rule of thumb long used by real estate agents and homebuyers is that you can afford a house if its price is equivalent to roughly 2.6 years of your household income. That ratio is based on historical nationwide averages under healthy economic conditions.
Source https://www.bloomberg.com/news/articles/2018-05-29/how-many-years-of-income-does-a-home-in-your-city-cost
**Top 10 premiums that buyers are currently paying**
Boise, Idaho - 80.64%
Austin, Texas - 50.72%
Ogden, Utah - 49.70%
Provo, Utah - 46.16%
Detroit, Mich. - 45.57%
Spokane, Wash. - 45.21%
Salt Lake City, Utah - 42.41%
Phoenix, Ariz. - 42.31%
Las Vegas, Nev. - 41.88%
Stockton, Calif. - 38.50%
So if I understood this correctly, this is a the % that you pay on top of the listed price to get the house !
**Some buyers paid the listed price +50% to get a house in Austin, Texas at the moment.**
That is CRAZY ! This is actually illegal in most European countries as you have to sell the property at the price you listed if somebody is willing to pay it (and as banking guaranteeing it if a loan is needed).
**You cannot pay the listed price and offer more in order to secure the deal. Myabe some do but at least, it is not legal.**
**Latest Analysis**
Today, El Salvador implements Bitcoin as legal tender. Could it blow up in our face? https://leofinance.io/@vlemon/today-el-salvador-implements-bitcoin-as-legal-tender-it-could-blow-up-in-our-face
What is the total Splinterlands cards marketcap? Next move: Up or down? https://leofinance.io/@vlemon/what-is-the-total-splinterlands-cards-marketcap-next-move-up-or-down
What is the actual Market Cap of Splintershards? https://leofinance.io/@vlemon/what-is-the-actual-market-cap-of-splinterlands
What is the total Splinterlands cards marketcap? Next move: Up or down?
Hello HODLers and Summoners,
**Yesterday, I looked at the SPS token, the Splinterlands future governance token and its diluted marketcap at the current price.:** **What is the actual Market Cap of Splintershards?** https://leofinance.io/@vlemon/what-is-the-actual-market-cap-of-splinterlands
Today, I wanted to check out the Splinterlands Cards Marketcap and so I went to their discord to use the !marketcap control in order to pull out the result.
**10x from June, not bad !**
It is now around $200mn and it has been kind of stabilizing around this number.
In the current world of Crypto we seem to think $200mn is nothing but it is quite a sizable company market cap in the equity world.
**The entire HIVE blockchain is currently valued at $284mn AFTER the recent pump.**
**I have read a few writers mention that they have been selling their cards ahead of the new cards extension, worrying that this inflow of new cards might bring prices down.**
Notably this one from @tarazkp called: Giving up on Splinterlands https://leofinance.io/@tarazkp https://leofinance.io/@tarazkp/giving-up-on-splinterlands
It hasn't been the case until know even if price have been retreated a little bit over the past 48 hours.
And I know many new players have been signing up to buy the Spellbook and start farming some cards/DEC but these players are for the majority from low income countries and since you can make up the 10$ paid for the spellbook in c.15 days, it makes sense for them to farm DEC and maybe get lucky.
I have created an account recently and have already collected 2.2k DEC (got lucky) and had some cards dropped. My total rewards are probably c.20-25$ playing inconsistenly.
**I do not have time to farm for such low payout but I imagine this kind of return for many countries and with many accounts do make sense and could have some sell pressure on the overall price of cards.**
So I truly hope prices continue to go up, but I would warn players with huge stakes to beware of falling prices.
In this mini-serie I am writing we have:
SPS diluted Marketcap: $1.1bn
Splinterlands Cards MktCap; $200mn
Stay safe out there and keep loving your journey !
**Latest Analysis**
What is the actual Market Cap of Splintershards? https://leofinance.io/@vlemon/what-is-the-actual-market-cap-of-splinterlands
This time, HIVE is pumping with other cryptos ! https://leofinance.io/@vlemon/this-time-hive-is-pumping-with-other-cryptos
Game of DeFi Throne - September Update https://leofinance.io/@vlemon/game-of-defi-throne-september-update
What is the actual Market Cap of Splintershards?
Hello HODLers and Summoners,
Looking at crypto markets, it is sometimes nice and smart to just sit back and do some *cold hearted* calculations.
**So I decided to look at the diluted SPS Marketcap. As I am a summoner and an investor in Splinterlands, I am affraid to discover anything negative 😄.**
I digged into the SplinterShards (SPS) Whitepaper https://sps.splinterlands.com/
New SPS tokens will initially be added to the various reward pools at a rate of 37,500,000 tokens per month and will decrease uniformly across all reward pools at a rate of 1% per month, meaning that after one year the monthly contribution rate to the reward pools will drop to 33,239,400 and after 5 years it will have dropped to 20,518,400 SPS per month. **These rewards will end after 65 months and at that point no more SPS tokens will be created.**
**65 months means that the airdrop will be going on for 5 years and 5 months before it finishes.** That’s a lot !
If we take an average over the next five year of 1mn $SPS released per day.
We get 1 000 000 * 30 Days * 12 (months) * 5.4 years = 19 400 000 000
**Total supply will be c.19.44bn $SPS Tokens???**
**WRONG, I misunderstood. Bad Lemon, Bad Lemon!**
Well, the last sentence is quite confusing and thanks to some Hiveans, I understood that they meant the last airdrop release will be in 65 months but some will stop way before as indicated in the figure below.
**What would be the theorical diluted $SPS Market Cap?**
Current SPS price is at c.$0.37
Diluted SPS Market Cap = 3 000 000 000 * 0.37
**Diluted SPS Market Cap = 1 111 0000 000**
**So the conclusion is that Splinterlands Governance Token will have a diluted marketcap of c.$1.11bn !**
You make what you want from this information hehe.
**Sitting between Ontology and ICON**
**If everything stayed constant in the crypto worl, which it never does, Splintershards would barely making it to the Top 100 !**
HIVE has only a Market Cap of c.273mn DESPITE the current Bullrun it just had !
Well, either SPS is overvalued or HIVE is heavily undervalued 😉**
**Latest Analysis**
This time, HIVE is pumping with other cryptos ! https://leofinance.io/@vlemon/this-time-hive-is-pumping-with-other-cryptos
Game of DeFi Throne - September Update https://leofinance.io/@vlemon/game-of-defi-throne-september-update
Call out a scammer a day, to help newbies stay away ! https://leofinance.io/@vlemon/call-out-a-scammer-a-day-to-help-newbies-stay-away
Game of DeFi Throne - September Update
Hello HODLers,
It has been a while but I thought I would share with you some interesting data on DeFi trends and current market structure.
**This is a good time as CryptoMarkets are pushing higher, Bitcoin is having another go at $50k and Ethereum is close to its $4K ATH.**
Image Source https://miro.medium.com/max/3652/1*GP2MCZkx7ICnUsmvEXwoTA.png
**Ethereum is the King. Period.**
**Ethereum is the blockchain where innovation happens (Smart Contracts, DeFi, NFTs...)** and it has managed to stay the number 1 chain after Bitcoin of course but I see Bitcoin more of a macro/monetary asset than a blockchain for applications.
We all know that ETH is barely usable for the average user with fees being higher and higher. **This is the playing field of whales and some are hoping the ETH 2.0 upgrade might bring back** ***the people*****.**
With ETH close to $3.8k, TVL locked on the Ethereum blockchain is also close to ATH.
Binance Smart Chain is a solid number 2 even if it has been stagnated for a few weeks and despite trying to reach its ATH TVL, seems to have lost a bit of momentum.
And then we have 3 other chains trying to challenge the status quo.
**Zoom on the 3 challengers (Terra, Polygon and Solana)**
**How many times did we hear about the Ethereum Killer, I was on the fool to strongly believe in EOS but we had so many other chains trying out and none of them was even close to succeed. BSC being the most successful.**
Polygon (MATIC) was very popular a few weeks back because of its low fees but as I felt reading on Twitter, it seems despite very low fees, users are not so hyped anymore; TVL is stagnating.
**Solana and Terra are the new darlings and getting a lot of social attention. I have even read a few ETH whales saying they sold their assets to go ALL-in on Solana.**
Nevertheless and even if I did not have the time to make a thorough analysis of the Soolana ecosystem, it misses a lot of dapps at the moment to compete with BSC or ETH ecosystem. They are supposed to go live soon though.
**In any case, it is safe to say that Ethereum is the blue chip DeFi chain and that should be the case for the forseable future as it stayed number 1 for the past 5 years !**
**Ethereum DeFi market structure**
Lending and DEXes are the 2 main categories and even if new use cases are coming live. I am quite excited about synthetic assets even if it will face regulartory hurdle.
**Top 5 projects on Ethereum + Uniswap (by TVL)**
The Top 5 Ethereum DeFi projects have a combined TVL of c.$65bn ! **More than 2/3rd of the total ETH DeFi TVL. It just shows how concentrated and oligopolistic the DeFi space is at the moment.**
**You have the blue chip players that are the Top20-25 projects, the contenders Top 25-50 and then the Degen plays where you get high APR and return if you pick the right projects but where you can get rugged and scammed.**
It is still the WildWest though !
**Stay safe out there, but remember there are still a LOT of opportunities.**
**Sources**
TheBlockCrypto https://www.theblockcrypto.com/data
DefiPulse https://defipulse.com/
DeFiStation https://www.defistation.io/
**Latest Analysis**
Call out a scammer a day, to help newbies stay away !
https://leofinance.io/@vlemon/call-out-a-scammer-a-day-to-help-newbies-stay-away
Where to earn BIG with your Stablecoins? Up to 47% APY ! https://leofinance.io/@vlemon/where-to-earn-big-with-your-stablecoins-up-to-47-apy
LeoFi another use case for the $LEO Token https://leofinance.io/@vlemon/leofi-another-use-case-for-the-usdleo-token
Call out a scammer a day, to help newbies stay away !
Hello HODLers,
**I just wanted to share this little story with newcomers.**
I was chatting and asking some information in the Kalata Community Telegram. To be more specific I was asking about the roll out of more derivatives.
**But this is not the subject of this post.**
**After 5 minutes I got a DM from** ***Kalata Helpdesk*****. I was a bit confused as I thought there was an airdrop (couldn't remember if I participated though).**
**1. The approach**
I knew I got my $KAL tokens through an IDO.
So it smelled fishy from the start but I decided to play along and to not click any link that would be share with me.
After reading the fake "Walletconnect" link, I decided to google it and it shows that it is a scam including the *connectdappswallet*
**2. Continue pushing with your fuck**** scam link**
I just thought I will pretend to bite and even maybe make him very horny thinking he could get hundred of thousands of USD.
I also asked him to confirm it was 100% secure and of course he claimed it was.
**3. Scammer's desilusion**
I decided I should tell him I will do it but I had to make myself a nice coffee hoping he was getting all excited !
**And then I finally told him what how I felt about him/her...**
End of story.
**The morale is that you should NEVER trust anyone DMing you. When a stranger send you a link you should not click it right away but always google it and check for any scam links popping up.**
I feel very sad knowing that so many people will fall to one of these traps at some point. This is probably the biggest threat to mass adoption.
**Not everyone will be as thorough and educated as us, imagine your parents or grandparents, they already get scammed through their credit card and fake emails / texts.**
The issue is that if you do get scam in the cryptoworld, the bank is not going to refund you some of that money back... Unfortunately this is the *cost* of decntralization and privacy.
Stay safe out there !
**Latest Analysis**
Where to earn BIG with your Stablecoins? Up to 47% APY ! https://leofinance.io/@vlemon/where-to-earn-big-with-your-stablecoins-up-to-47-apy
LeoFi another use case for the $LEO Token https://leofinance.io/@vlemon/leofi-another-use-case-for-the-usdleo-token
HIVE Social, Blockchain and Investment Metrics look great ! https://leofinance.io/@vlemon/hive-social-blockchain-and-investment-metrics-look-great
GODS and IMX Airdrop latest updates https://leofinance.io/@vlemon/gods-and-imx-airdrop-latest-updates
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What is leveraged Stablecoin farming and how to benefit from it with AlpacaFinance !
Hello HODLers,
This is my 2nd article on stablecoin farming.
**In my last post, I explained** **Where to earn BIG with your Stablecoins? Up to 47% APY !****.** https://leofinance.io/@vlemon/where-to-earn-big-with-your-stablecoins-up-to-47-apy
We covered Venus, Belt and CubFinance protocols.
In this post, I will take you to the next level: Leveraged Stablecoin Farming!
This is the process to borrow some assets and pool them with your owned assets in order to farm a bigger position and therefore **get a better yield on your owned assets**
**Today we will look at AlpacaFinance**
AlpacaFinance, the market leader !
I have been leverage farming on AlpacaFinance for a while. I have earned money mostly using the $CAKE 2.5x leverage. https://app.alpacafinance.org/
**The project has $1.7bn in TVL ranking 3rd in the BSC ecosystem.**
But today, we are looking into Stablecoins. I have to first do a caveat, if I had done this post a week ago, yields would have been higher. They have come down a lot over the past few days.
**Alpacafinance allows you to leverage up to 4x your stablecoins pairs. As you understand, the leveraged pair is not too risky as it is supposed to be between 2 assets c.1$.**
It uses PancakeSwap and WaultSwap.
So apart from the hack, scam or fud risk; it seems quite safe.
One feature that I like very much is that you can mostly choose the assets that you will be borrowing.
**As an example, the stablecoin that I like the least is USDT, therefore I always try to borrow this one against my holdings in the other stablecoin.**
In case I am right and this is the most sketchy and it goes down, I will not be liquidated and would even earn some capital gains as the $value that I would have to payback is lower than the one I took as loan in the first place.
**Decomposing the APR**
AlpacaFinance shows:
The leveraged Yield Farm APR +
The trading fees APR +
Alpaca rewards APR
Minus
Borrowing Interest APR
And then gives you a total APR subject to future market changes.
**At the moment, I would not open a position in these pairs as the APY% is the lowest I have seen.**
I used to have 30-40% APY on these 4x leveraged farms.
I used to provide liquidity for USDT-BUSD, I was providing BUSD and borrowing USDT (as I prefer BUSD). The liquidation risk is at 80% meaning that if my asset (BUSD) loses 20% versus USDT, I would be liquidated. This is as you understand, quite unlikely.
**AlpacaFinance is also allowing Lending**
This is a more classic financial service that is provided by many platforms but looking at the low leveraged farming yield, it is a better option at the moment.
15.5%APY on single BUSD is not so bad right? Especially if you are looking for a small dip coming up.
Stay safe out there !
@CryptoLemon
