Crypto Nova Profile picture
Feb 23 10 tweets 5 min read
1) ⚠️ FA CLASSES PART 3 HOMEWORK REVIEW⚠️

You were given the assignment to review 2 projects based on ''market cap'' only.

• $FRM
• $AXS

Here's my review on how I work to make a project pass our ''FA analysis'' 🧵 👇 Image
2) $FRM

#Ferrum currently has a market cap of 5.6 million dollars and a fully diluted valuation of 16.1 million dollars.

This means around 35% of the supply is currently in circulation. Image
3) $AXS

#Axie currently has a market cap of 1.2 billion dollars and a fully diluted valuation of 2.8 billion dollars.

This means around 43% of the supply is currently in circulation. Image
4) We have 2 things to consider:

• The market cap valuation.

• The fully diluted valuation.

$FRM only has a market cap of 5.6 million while $AXS has a market cap of 1.2 billion.

$FRM has a slightly lower circulating supply ratio than #$AXS.
5) Even when we take the full release of all tokens into account however, $FRM still only has a 16m market cap.

When we take the full release of all tokens into account, $AXS has a market cap of 2.8 billion.
6) Lower or higher valuations on its own doesn't say a lot.

They only mean anything if you put the scope and target audience of the project into account.
7) $FRM is an interoperability project looking to connect blockchains.

Experience has taught us that their valuation is criminally undervalued to its potential.

$AXS is a play to earn game.

Although it's a really popular one, in the end it's still a really basic looking game.
8) While we can debate on its future potential or not it's hard to argue the potential return on investment of a game with a 2.8 billion being larger than an interoperability focused protocol with just 16m.

Looking at the fully diluted value that is.

⏩ $FRM has my vote here.
9) Shoutout for taking the effort and posting your findings:

@crypto4lab
@WhoCares2203
@Thelolagirl_
@Dinnchi7

There are others who have posted excellent results but I like to rotate shoutouts every week.

(can only post 4 images in a tweet). ImageImageImageImage
10) If you like these classes make sure to put on your notifications for the next upcoming ''FA SERIES''.

Know-how and analysis on tokenomics is next.

Stay tuned ⏰

Nova out 💟

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Crypto Nova

Crypto Nova Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @CryptoGirlNova

Mar 3
1) With the launch of #Arbitrum and the upcoming blockchain from coinbase (#base) layer-2 protocols without their native token in gas fees have become more popular.

Another protocol that follows this niche is @LightLinkChain 🧵👇 Image
2) #LightLink is a Layer 2 blockchain secured by Ethereum, purposefully built for Metaverse, NFT and Gaming applications.

It promises:

• Low cost
• High speed
• Effortless scale

Their chain is secured, and decentralised by Ethereum. Image
3) By choice #LightLink does not use its own token for gas fees.

Instead it uses $ETH to process transactions to remove the hurdle of having to always swap to other coins to use a chain.

It uses #ETH et a far lower cost however.
Read 10 tweets
Mar 2
1) I've asked thousands of people for their most recommended crypto project.

Here's what they said 🧵 👇

(Some of these you've never heard before) Image
2) $SPIN

@spin_fi is a decentralized trading platform built on $NEAR.

The hype has been building and people have been going crazy over their ongoing #airdrop.

Their platform looks promising and is launching soon.

⏩ Soon to be released.
3) $METIS

@MetisDAO has been trending a lot lately and its TVL continues to rise.

With layer 2 season ongoing and its recent partnerships #Metis might have its own ecosystem bullrun soon.

⏩ Sitting at a 136m market cap.
Read 20 tweets
Mar 2
1) ⚠️ FA CLASSES PART 4 HOMEWORK REVIEW⚠️

You were given the assignment to review 2 projects based on ''tokenomics'' only.

• $MNW
• $APT

Here's my review on how I work to make a project pass our ''FA analysis' ' 🧵 👇 Image
2) $MNW

The token is the main fuel that allows their middleware solution (their product) to work.

Tokens can be used as a value based utility or to pay for transaction fees.

⏩ Almost 80% of the supply is unlocked (circ vs total supply). Image
3) $APT

The token is used for:

• Governance: holders can vote.

• Network fees: pay for transactions.

• Validators staking: secure the blockchain.

⏩ Almost 20% of the supply is unlocked (circ supply vs total supply). Image
Read 10 tweets
Mar 1
1) It's no secret that presales have given the highest returns overnight.

I've analysed more than dozens of launchpads and here's who came out on top 🧵👇
2) Public presales are a way for investors to purchase tokens at a possible lower price level than they would ever get on the market.

Companies in return are able to secure initial funding.

To make these presales happen however they need a suitable platform.
3) These are called launchpads.

It's almost impossible to participate in many different presales without the help of these.

Because there are so many of them, I've taken a look at the most recommended one.

The one who produced the highest average return from every presale ↓
Read 16 tweets
Feb 28
1) @FinanceChainge is often called the most "liquid dex" on the market.

What is the reason however people can get the absolute best prices for their trades on here? 🧵👇

#Chainge $Chng Image
2) There are 2 kind of dexes out there in today's market:

• Single-chain dexes that let you trade assets on the same chain only.

• Multi-chain dexes that let you trade assets on all chains together.

There are pros and cons to either of these.
3) At first glance a multi-chain dex looks far superior since you can trade anything from 1 single place.

While this is true, they also sacrifice security and efficiency to achieve this.

We've seen a lot of hacks in the past caused by bridging assets which is caused by this.
Read 9 tweets
Feb 27
1) ⚠️ FA CLASSES PART 4 ⚠️

As part of our weekly FA classes, we'll start with the 4th step of researching a cryptocurrency:

''Analysing the tokenomics of a crypto project''

Case-study and homework provided down below 🧵 👇

➡️ You will have 2 days to participate ⏰
2) People often forget that we are buying cryptocurrencies and not stocks.

They think they are investing into the project or company when they buy a token.

⏩ You don't.

Unlike traditional stocks, cryptocurrencies don't represent the project.
3) This basically means the project can be a giant success while its crypto token is still worthless.

⏩ Not all projects need a crypto token.

There needs to be a specific reason why a crypto token is needed.

⏩ Its value capture.

That reason is called the tokenomics.
Read 18 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(