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 ๐
If you like the thread please Retweet & share this 1st post in this long thread ๐งต๐
I have just invested into @DefiKingdoms which i think could have huge potential ๐
If you like the thread please Retweet & share this 1st post in this long thread ๐งต๐
UP FRONT
-This is a complex game but i will try & simplify what it does to the best of my ability on twitter ๐
-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)
-This is a complex game but i will try & simplify what it does to the best of my ability on twitter ๐
-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
@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.
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
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
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)
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
$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 ๐
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 ๐
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
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-kingdโฆ
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-kingdโฆ
9/ THE TEAM
Team is anonymous which is normally a โณ๏ธ 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
Team is anonymous which is normally a โณ๏ธ 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.
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
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 โณ๏ธ 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
-Good tokeconomics
-Potential โณ๏ธ 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?
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 ๐ฎโ๐จ
So if you like it please go back to the first post, retweet & follow along. It keeps me motivated ๐๐ค
You may also like my other #crypto threads below:
These threads take a long time research & write to do ๐ฎโ๐จ
So if you like it please go back to the first post, retweet & follow along. It keeps me motivated ๐๐ค
You may also like my other #crypto threads below:
https://twitter.com/Willbrandblock/status/1479211021680226314
53 likes and only 20 retweets
Come on guys!
Come on guys!
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