I remain very bullish on the Polka $dot $ksm ecosystem.
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So let's talk about parachains.
Kusama has successfully had their first parachain auctions and are now on round two of parachain auctions.
The first 5 parachains resulted in 10% of the supply getting bonded! WOWSERS!!!
The star of round one was Moon River. Even if you had bought the top on KSM you would be up 10X on $movr, most who backed them are up 20 to 100X or more. And the real kicker with parachain auctions.... you get your KSM back at the end! This is solid proof Dotsama is a money maker
So for moon mathematicians.
The more KSM bonded the less there is available the higher the price will go, plus bonding makes super sicks gains, plus you get all your KSM back = M O O N
And that is just Kusama, any day now we should be hearing from Gavin re Polka Dot paras IMO
DOT ecosystem is massive and growing all the time, although the hype has come down a bit with the rise of BSC, Polygon, Terra, & Solana which are in production now.
But DOT has some seriously good devs building really powerful products on DOT.
It has an ecosystem ready to go
Polka Dot has been one of the biggest pre launch chains in terms of dev commitment to build. Dotsama combined has more dev activity than anyone else. KSM is number 2 right now!
Polka Dot is also the most held asset by VCs and hedge funds. Translation big money players are balls deep in DOT.
All of this is happening and Polka Dot has not even got back to its previous all time high yet!
Buy and stake KSM or DOT to earn free crypto, bond that to earn more free crypto in one of the most anticipated networks in #crypto!
Then fund your wallet with a little bit off $sol, for gas, and some usdc from your exchange account like FTX, if your exchange doesn’t allow withdrawals of usdc to solana directly you can buy sol and swap on @RaydiumProtocol
There are lots of great platforms to use on Solana. Since we mentioned @RaydiumProtocol start there and make a swap using that decentralised exchange. Swap some sol for usdc
By the way, keep this all low stress just put in like 100 bucks to play with to your phantom wallet.
Oh and I should note that Solana also has a token burning mechanism which burns a percent of the transaction fees. This is good for long term tokenomics.
This chart from Ben Cowen also shows this concept. Either this was shortest lowest ROI cycle ever, or we are heading for our double bubble with a cycle end in early 2022.
Trading your fiat for BTC is exchanging bad money for good. Bitcoin is Gold 2.0 and has essentially become the reserve asset of the crypto markets.
I personally use it as a gold like asset in my crypto portfolio.
DCA into Bitcoin is a great way to get exposure to BTC. Dollars will 100% fall in value. Your BTC will continue to rise versus fiat over time. It is an inflation hedge, store of value, and still in price discovery