Right now, there is currently a project sitting under $50M mcap which has been mentioned by the World Economic Forum, & they are also working very closely with both $ETH & $LINK
I will go over this project below... Let’s begin!👇🏻
$DIP is a protocol for decentralized insurance on $ETH
I believe this token is extraordinarily undervalued for its potential
Decentralized insurance will be a game changing industry. Utilizing Chainlink oracles, $DIP can provide automated protections for a variety of use cases.
They have already been recognized by top names in the industry for their unique use cases in the real world.
Etherisc Impact Solution offers a different kind of crop insurance that is fair, transparent, & affordable for farmers
& they are working with $LINK to make it happen.
“Thanks to the financial and technical support from Chainlink, we have started development of an innovative parametric crop insurance built on top of our “Generic Insurance Framework” (GIF) on Ethereum and indexed to local weather parameters”
They continue adding that...
“Chainlink’s decentralized oracle network provides a reliable connection to different weather sources.
Ethersic successfully tested the model in 2019 by providing drought insurance policies to farmers in the fields of Sri Lanka together with Oxfam & Aon” blog.etherisc.com/etherisc-teams…
Furthermore, a study conducted by the Global Innovation Climate Finance found that the use of Etherisc’s smart contract tech will reduce the costs required to issue a policy by up to 41%. For farmers, this brings down premiums to an affordable cost level. bloomberg.com/press-releases…
This kind of technology has gotten them lots of attention from big names across the board
The $ETH foundation, started by Vitalik Buterin, took a particular interest in this project
$DIP was actually mentioned in a paper on the different use cases of crypto straight from the World Economic Forum, for their unique solutions with insurance on the blockchain.
“Insurance coverage can be purchased using cryptocurrencies and stable coins that are pegged to fiat currencies. The policies are triggered automatically through oracles to automate the claims process and provide immediate payouts”
But it gets better...
“By staking the protocol’s native $DIP token, participants provide collateral (bond) to guarantee future performance, availability and service levels. Staking also signals quality and reputation”
Now that’s pretty notable coming from the World Economic Forum, isn’t it? 👀
To me, it is obvious that @etherisc is exploring massive real world insurance applications on $ETH, to provide services more effective, & faster than their competitors.
Insurance is a massive $15T dollar industry, and $DIP exceeds all standards of services with their platform.
At a meager $40M mcap at the time of this writing, I believe $DIP is severely undervalued.
For reference, let’s compare $DIP to other decentralized insurance projects on $ETH
$NXM - $614M
$ARMOR - $84M
$BMI - $70M
VS.
$DIP - $42M
Notice a big difference? 🤔
In conclusion, I and many others including the World Economic Forum, Chainlink, & the $ETH Foundation are very impressed with @etherisc
They have some exciting things coming up, & I believe they are extraordinarily small at only $42M mcap
With the violent explosion of Maker DAO recently, I am very surprised that $FLX has not begun to blow up...
What is $FLX?
$FLX is the “ungovernance” token of the new Reflexer ecosystem.
In this thread I will go over why I think this will be a top gainer in the coming weeks!👇🏻
@reflexerfinance was started by Stefan Ionescu, & it is advised by Nikolai Mushegian, the co-founder of Maker DAO
$FLX was what Nikolai had originally envisioned for a significant portion of the MakerDAO ecosystem and is part of why he working with Stefan to realize this vision
There are a few key differences between MakerDAO & Reflexer, which may just give it a particular advantage over many other multi billion dollar stable coin protocols in DeFi.
How? The “Reflex Bond.”
Pioneered by @reflexerfinance, a reflex bond dampens the volatility of an asset
In todays thread, I am going to be sharing a highly anticipated project that is slated for launch this year.
It has been in development since 2016, boasts a massive 180+ member dev team, and is backed by some of the top names in the industry.
You don't want to miss this one.👇
Introducing @dfinity: Created by the Dfinity foundation, a non-profit scientific research organization based in Zurich, Switzerland, The Foundation’s mission is to build, promote, and maintain the Internet Computer.
The Internet Computer promises to be the first blockchain computer running at web speed with unbounded capacity. It achieves this speed through something called Chain Key Technology, which splits calls to smart contracts into two types: update calls and query calls.
I’d like to share with you guys a highly anticipated project that’s been in development for years and is gearing up for mainnet launch on the 16th. Below, I will introduce $MINA protocol, the worlds lightest blockchain.
@MinaProtocol’s #Testworld is officially the largest pos testnet aside from ETH 2.0. The amount of users joining $MINA has been growing rapidly in the final testnet in anticipation of the mainnet launch.
$MINA is a layer one protocol designed to deliver on the original promise of blockchain - true decentralization, scale, and security.
By design, the entire $Mina blockchain is and will always be about 22kb - the size of just a couple of tweets.