1/
2022 is the only the start of the subnet boom on #Avalanche. Subnets will add billions, if not trillions, of value to #AVAX.
The question is - how do you get exposure RIGHT NOW to capitalize on subnets before they explode? 🤯
Let's talk #subnet pioneers
🧵👇
2022 is the only the start of the subnet boom on #Avalanche. Subnets will add billions, if not trillions, of value to #AVAX.
The question is - how do you get exposure RIGHT NOW to capitalize on subnets before they explode? 🤯
Let's talk #subnet pioneers
🧵👇
2/
Dexalot - $ALOT
@dexalotcom
Dexalot is the first Central Limit Order Book (CLOB) DEX on Avalanche. With support from Ava Labs & the #AVAX ecosystem, #Dexalot looks poised to become a premier DEX. I say this bc I believe they have a significant edge over the competition...
Dexalot - $ALOT
@dexalotcom
Dexalot is the first Central Limit Order Book (CLOB) DEX on Avalanche. With support from Ava Labs & the #AVAX ecosystem, #Dexalot looks poised to become a premier DEX. I say this bc I believe they have a significant edge over the competition...
3/
What's that edge?
Dexalot is currently building their own subnet.
That's right, a central limit order book (CLOB) decentralized exchange operating on it's own blockchain network. Trades will execute insanely fast without fighting for block space w/ crabs, platypuses, and Joes
What's that edge?
Dexalot is currently building their own subnet.
That's right, a central limit order book (CLOB) decentralized exchange operating on it's own blockchain network. Trades will execute insanely fast without fighting for block space w/ crabs, platypuses, and Joes
4/
What does this mean for Dexalot?
- Blazing fast speed: we are talking millisecond tx finality (10-100x faster than c-chain)
- Gas will cost a fraction of what it does on the c-chain
- Will attract institutional players - high frequency traders, REAL market makers, etc.
What does this mean for Dexalot?
- Blazing fast speed: we are talking millisecond tx finality (10-100x faster than c-chain)
- Gas will cost a fraction of what it does on the c-chain
- Will attract institutional players - high frequency traders, REAL market makers, etc.
5/
- The speed of the subnet will make "Market" buy/sell orders execute properly (in addition to limit orders ofc)
- #Dexalot subnet will provide the look, feel, and performance of a CEX, without all the bs of centralization.
A few more cool features of Dexalot...
- The speed of the subnet will make "Market" buy/sell orders execute properly (in addition to limit orders ofc)
- #Dexalot subnet will provide the look, feel, and performance of a CEX, without all the bs of centralization.
A few more cool features of Dexalot...
6/
- Innovative price discovery mechanism (Dexalot Discovery) will help tokens & other assets discover fair market pricing determined by both buyers/sellers.
- They will offer a "White glove" service to projects to take care of their launch, so the dev teams can focus on BUILDING
- Innovative price discovery mechanism (Dexalot Discovery) will help tokens & other assets discover fair market pricing determined by both buyers/sellers.
- They will offer a "White glove" service to projects to take care of their launch, so the dev teams can focus on BUILDING
7/
$ALOT token utility:
- Governance
- Gas - ALOT token will be the gas currency for the subnet
- Staking - stake/delegate by validators/delegators to secure the subnet
- Incentives - reward/yield for securing the network
Much more on @dexalotcom soon!
$ALOT token utility:
- Governance
- Gas - ALOT token will be the gas currency for the subnet
- Staking - stake/delegate by validators/delegators to secure the subnet
- Incentives - reward/yield for securing the network
Much more on @dexalotcom soon!
8/
Benqi - $QI
@BenqiFinance
By now, we pretty much all know #benqi. Benqi has the #2 highest TVL on #Avalanche and they are a true OG. It's no surprise Benqi will emerge as a key player in subnets.
So let's talk about the $QI token and it's role in the subnet economy...
Benqi - $QI
@BenqiFinance
By now, we pretty much all know #benqi. Benqi has the #2 highest TVL on #Avalanche and they are a true OG. It's no surprise Benqi will emerge as a key player in subnets.
So let's talk about the $QI token and it's role in the subnet economy...
9/
The $QI token will play an integral role in providing subnets enhanced liquidity through Liquid Staking, validator bootstrapping & boosted DeFi rewards to liquidity providers.
This will be done through veQI, which represents the QI token locked up for a predetermined period.
The $QI token will play an integral role in providing subnets enhanced liquidity through Liquid Staking, validator bootstrapping & boosted DeFi rewards to liquidity providers.
This will be done through veQI, which represents the QI token locked up for a predetermined period.
10/
By accruing voting power (veQI) - users, builders & DAOs will be able to direct staked AVAX to bootstrap & support their subnets (e.g. DFK, Crabada, Dexalot).
This means veQI can direct staked AVAX to validate these subnets to receive rewards, get boosted QI emissions, etc.
By accruing voting power (veQI) - users, builders & DAOs will be able to direct staked AVAX to bootstrap & support their subnets (e.g. DFK, Crabada, Dexalot).
This means veQI can direct staked AVAX to validate these subnets to receive rewards, get boosted QI emissions, etc.
11/
Gaming/Metaverse Subnets
We can't talk about subnets without talking about gaming. We have all seen what happens when a crypto game becomes popular on ANY chain - networks go down, gas costs skyrocket, tx get stuck, people get pissed.
*subnets enter the chat*
Gaming/Metaverse Subnets
We can't talk about subnets without talking about gaming. We have all seen what happens when a crypto game becomes popular on ANY chain - networks go down, gas costs skyrocket, tx get stuck, people get pissed.
*subnets enter the chat*
12/
Subnets are the future of on-chain gaming, there's no better solution. If you are an NFT/metaverse game & not deploying a subnet, you're already behind.
Here's the top 5 games looking to build on subnets. Just a short summary, since each of these deserve their own thread...
Subnets are the future of on-chain gaming, there's no better solution. If you are an NFT/metaverse game & not deploying a subnet, you're already behind.
Here's the top 5 games looking to build on subnets. Just a short summary, since each of these deserve their own thread...
13/
#1 - DeFi Kingdoms - $JEWEL
@DefiKingdoms
A game, a DEX, a liquidity pool opportunity, and a market of rare utility driven NFTs.
#1 - DeFi Kingdoms - $JEWEL
@DefiKingdoms
A game, a DEX, a liquidity pool opportunity, and a market of rare utility driven NFTs.
14/
#2 - Crabada - $TUS $CRA
@PlayCrabada
Crabada is an idle #PlayToEarn game on #Avalanche. The game is migrating to it's own subnet "The Swimmer Network" which is showcasing insane speed & performance in testnet. Crabada features crab breeding, marketplace, taverns, & more.
#2 - Crabada - $TUS $CRA
@PlayCrabada
Crabada is an idle #PlayToEarn game on #Avalanche. The game is migrating to it's own subnet "The Swimmer Network" which is showcasing insane speed & performance in testnet. Crabada features crab breeding, marketplace, taverns, & more.
15/
#3 - Shrapnel
@playSHRAPNEL
Developing a AAA Multiplayer first person shooter powered by Avalanche, creative modding, and true digital ownership.
#3 - Shrapnel
@playSHRAPNEL
Developing a AAA Multiplayer first person shooter powered by Avalanche, creative modding, and true digital ownership.
16/
#4 - Ascenders
@PlayAscenders
Ascenders is a sci-fantasy, open world action RPG with a fully decentralized, player driven economy powered by Avalanche
#4 - Ascenders
@PlayAscenders
Ascenders is a sci-fantasy, open world action RPG with a fully decentralized, player driven economy powered by Avalanche
17/
#5 - Imperium Empires
$IME @ImperiumEmpires
World's First AAA GameFi 2.0 Space Metaverse. This game is backed by Benqi, Three Arrows Capital, & many more big names. This is one I believe has huge potential & I'm currently accumulating $IME token.
#5 - Imperium Empires
$IME @ImperiumEmpires
World's First AAA GameFi 2.0 Space Metaverse. This game is backed by Benqi, Three Arrows Capital, & many more big names. This is one I believe has huge potential & I'm currently accumulating $IME token.
18/
Colony Labs - $CLY
Colony labs invests in upcoming $AVAX native projects & distributes tokens to stakers, making it an ideal way to diversify your portfolio. Upcoming features include a validator program, AVAX project index, and an LP program...
Colony Labs - $CLY
Colony labs invests in upcoming $AVAX native projects & distributes tokens to stakers, making it an ideal way to diversify your portfolio. Upcoming features include a validator program, AVAX project index, and an LP program...
19/
Colony is an incubator for new projects, but it also invests 10% in proven projects and 30% in LP for projects in need of liquidity. Few projects have multiple ways to create value for investors, making Colony an exceptional opportunity...
Colony is an incubator for new projects, but it also invests 10% in proven projects and 30% in LP for projects in need of liquidity. Few projects have multiple ways to create value for investors, making Colony an exceptional opportunity...
20/
The upcoming validator program will invest 10% of Colony’s capital to validators on new subnets. They also plan to launch a subnet, which will roll out in Q4. What will a Colony subnet offer? We don't know yet, but I expect more innovation from this experienced/doxxed team.
The upcoming validator program will invest 10% of Colony’s capital to validators on new subnets. They also plan to launch a subnet, which will roll out in Q4. What will a Colony subnet offer? We don't know yet, but I expect more innovation from this experienced/doxxed team.
21/
Pangolin - $PNG
Pangolin was the first DEX on #AVAX. In a recent proposal by @jtrollip (Pangolin CEO) - the plans for a new #Avalanche subnet, called Camelot, were revealed...
Pangolin - $PNG
Pangolin was the first DEX on #AVAX. In a recent proposal by @jtrollip (Pangolin CEO) - the plans for a new #Avalanche subnet, called Camelot, were revealed...
22/
Camelot validators must hold $PNG. One unique function of Camelot is its auto arbitrage on DEXs & CEXs. Holders of $PNG will receive profits from arbitrage. The first version of Camelot will provide liquidity to Pangolin, but the team plans to expand to other DeFi protocols.
Camelot validators must hold $PNG. One unique function of Camelot is its auto arbitrage on DEXs & CEXs. Holders of $PNG will receive profits from arbitrage. The first version of Camelot will provide liquidity to Pangolin, but the team plans to expand to other DeFi protocols.
23/
More reasons I like $PNG:
(1) It's cheap at $21M market cap - upside is much greater than downside IMO
(2) Cross-chain - confirmed they will expand their DEX to Terra
(3) New UI - the new UI (in beta) features a modern design, limit orders, and much more to be bullish on.
More reasons I like $PNG:
(1) It's cheap at $21M market cap - upside is much greater than downside IMO
(2) Cross-chain - confirmed they will expand their DEX to Terra
(3) New UI - the new UI (in beta) features a modern design, limit orders, and much more to be bullish on.
24/
Avalanche - $AVAX
Last but certainly not least, if you want to bet on subnets - one of the safest bets is $AVAX. Avalanche is the blockchain that will power all subnets, and #AVAX is the token that powers Avalanche. You already know this, I already know this...
Avalanche - $AVAX
Last but certainly not least, if you want to bet on subnets - one of the safest bets is $AVAX. Avalanche is the blockchain that will power all subnets, and #AVAX is the token that powers Avalanche. You already know this, I already know this...
25/
What you may not know is that all subnets will require validators to secure their networks, & all subnet validators MUST also validate the primary chain. Right now, a validator must stake 2000+ #AVAX (this could lower in the future).
Now that's a lot of locked up $AVAX 🚀
What you may not know is that all subnets will require validators to secure their networks, & all subnet validators MUST also validate the primary chain. Right now, a validator must stake 2000+ #AVAX (this could lower in the future).
Now that's a lot of locked up $AVAX 🚀
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