Thread by @willposk

In 2021 i made big gains by getting in early on projects like #galagames #Polygon & #solana.

I have just invested into @DefiKingdoms which i think could have huge potential 🚀

If you like the thread please Retweet & share this 1st post in this long thread 🧵👇

UP FRONT
-This is a complex game but i will try & simplify what it does to the best of my ability on twitter 🙈

-It has big potential upside, but it is also risky. This only accounts for a small % of my portfolio.

-This is not a paid sponsorship & i have invested (see below)

1/ WHAT IS IT -PT1
@defikingdom is:

One of the 1st #playtoearn games that also combines Defi & NFTs

In fact it is the biggest #dex on #harmony $ONE

In short imagine a 16bit RPG where you can earn money (APY) and own NFTs

2/ WHAT IS IT - PT2
The game is complex, but top line it includes:

-DEX = in fact biggest on $ONE #HARMONY
-GARDENS = which act as liquidity pools/staking
-BANK = a simpler APY compounder
-Heroes = NFTs in the game which you can power up for better APY yields.

3/ WHY I AM BULLISH

I will cover off all of the following:

-TOKECONOMICS
-TEAM & INVESTORS
-USP & MACRO
-CONCLUSION

4/ TOKECONOMICS

TOKECONOMICS - UTILITY - PT 1

$JEWEL is a governance token & a utility token, meaning people wont dump it as there is value in holding it.

It can be used for:

-liquidity mining
-staking
-purchasing items & NFTs
-powering up in game NFTs

5/ TOKECONOMICS - UTILITY - PT 2

There is a 0.3% fee on every $JEWEL transaction in game, it is given to:

-the bank (for staking rewards)
-community treasury
-returned to players as quest rewards
-development costs (ie reinvest in the game to keep it improving)

6/ TOKECONOMICS - SUPPLY - PT1

$JEWEL token has a relatively small max circulating supply of 500M tokens compared to some of the biggest DeFi games out there.

$ATLAS has 36BN tokens
$MANA has 2.8BN
$SAND has 3BN

Source: @coinmarketcap

7/TOKECONOMICS - SUPPLY - PT2

However the current circulating supply is only around 62M and...

-IMO people will hold $JEWEL because it has some of the best APY yield for $ONE #harmony

-Liquidity rewards are locked until till Q3 2022 and vesting is good, see 👇

7/ TOKECONOMICS - Marketcap - PT1

The total market cap of $JEWEL is $1.2Bn and the fully diluted market cap is $9.9BN.

Which gives it a good amount of growth to catch up to others like $AXIE & $MANA

8/ TOKECONOMICS - Marketcap - PT2

Token allocations looks good to me:
-500M total tokens
-Only 10M pre minted (2%)
-Most of this is for development/ marketing & only 1M for team.
-Team have shared their wallets so its 100% transparent (see link)
-NO VCs
docs.defikingdoms.com/how-defi-kingd…

9/ THE TEAM

Team is anonymous which is normally a ⛳️ for me, but...
-they have built a brilliant working game already
-very active with updates on discord/AMA
-they are very transparent + linked to there wallets in the white paper
-they have met all deadlines on the roadmap

10/ MACRO & USP

Over the last two years we have seen macro trends/adoption in:

-Defi
-NFTs
-#PlayToEarn games

@DefiKingdoms does all 3 & its USP is its one of the first to do so. Another USP is it provides some of the best APY around.

11/ PRICE

The chart looks bullish to me trending upwards, but we are near ATHs. So don't just FOMO in, wait for a good entry

12/ CONCLUSION

-Good tokeconomics
-Potential ⛳️ on team but transparency & tokeconomics reassured me
-Good macro & usp
-Feels under the radar - no big YT have really shilled it & the twitter following is tiny compared to $AXIE

14/ TA ANAYLSIS

I am more of a macro/fundamentals guy, but if you want excellent TA go check out:
@blockchainedbb
@CryptoTony__
@futrii
@LadyofCrypto1
@sweetsinner3

Would love to know your thoughts on this project btw guys?

15/ THANKS

These threads take a long time research & write to do 😮‍💨

So if you like it please go back to the first post, retweet & follow along. It keeps me motivated 🙏🤝

You may also like my other #crypto threads below:

16/ WHITEPAPER

Go check out the whitepaper here;
docs.defikingdoms.com/roadmap

53 likes and only 20 retweets

Come on guys!