🧵 On the theme on legit projects with strong teams, real utility and a long-term game plan and upside, here's a thread on @ADRTtoken $ADRT. A really unique project that I would categorize as a #DeFi#IaaS protocol. Here's what I like about it. 1/9
🚀 So, what is it? There is a 12% buy and sell tax. 4% goes back to holders as #ETH reflections, 4% to an investment treasury to generate returns for holders, 2% to liquidity, and 2% to marketing. So, there are taxes, but they are sensibly distributed and deployed. 2/9
🧑🤝🧑 Team: we're all tired of getting rugged by anon devs, and it's a cliche but people buy people, and the founders James and Kris are both fully doxxed (in fact I'm meeting Kris for coffee next week). They are also joined by 3-4 others with extensive experience. 3/9
🧠 Experience: they fall under a an established compliant ecosystem via @CapitalSandrock also run by Kris and James. James is a professional trader with a strong track record of outperforming the market across crypto, commodities and forex. Kris leads business operations. 4/9
💻 Tech: They have Massi! He's worked on a number of successful #DeFi and #metaverse projects, and developed their innovative reflections contract that minimizes sell pressure and reduces gas costs! A model is analogous to $ReFi, $ETH reflections and building a treasury. 5/9
💰 Strategy: But their investment strategy is unique. In a tough market they are using institutional trading algos to make money for investors in all market conditions. These bots are consistently generating 70% APR and are not available to the public! 6/9
♻️ Sector: arguably #DaaS#IaaS and #FaaS have had a hard time after the initial hype. I've always said that innovation will prosper and strong contenders will emerge. These are tough market conditions but for me $ADRT has the potential to stand the test of time and thrive. 7/9
📈 They are offering the potential to generate returns that outperform the market in the current tough conditions. The team is open, doxxed and experienced with good intentions. The chart looks relatively bottomed with a good R:R. #NFA and #DYOR etc. but I'm in. 8/9
📣 This is my own research, it's #NFA and #DYOR using the links below:
I do my own extensive due diligence before engaging with any project, as like many of you I am wary of the risks in the crypto space.
Here is my position on the points raised. /1
Kurapika was open about his past experiences in crypto with me from day one, totally unprompted.
He tried to launch DAO Nation, it was in a bear, it didn't work out, he didn't financially benefit from it. /2
He also did run a VC backed ICO ratings firm back in 2017/18 (I've verified this). The intention was to provide research to highlight both the risks and opportunities of various ICOs.
ICOs died with the last bear market and so did his business. It happens. /3