We're looking at a project that has accomplished more in a short amount of time than other Mid to high cap projects have in a cycle.
52/
A team that is posting results vs hype and doing the right things to send a clear message that they're in it for the long haul.
It's only been a little over a month and I cant fathom what more will be accomplished and achieved over the next month alone.
53/
A project to have its own Layer 1 Privacy Blockchain that has its own Swap that can Scale and provide cheap transaction fees along with easy migration to build on.
A dozen and counting products to help the everyday trader to find profitable wallets and protect themselves..
54/
from bad actors at a click of a button. The value prop of Tokens being burnt from gas & all fees from products while also rewarding users for holding. And we're only a month into this Project.
55/
At a 10M M.C & 961K supply.
IMO #0XEncrypt is heavily undervalued here and token price will catch up to the fundamentals fast..
If the dev team accomplished this much thus far, it gives me confidence that the privacy will have traction as well as products being used which will further add to the Burns from the already low supply & increase passive income...
Can't even imagine what more products & updates that will keep on dropping from them.
From the perspective of how the team is operating to the fundamentals & tokenomics.
They're doing the right things that makes me believe #0xencypt token price is heavily discounted right now.
But for how long?
To finish,
I want to thank @BlocksNThoughts for telling me about this project & always sharing Alpha on his feeds.
Highly recommend following his account.
I'll be doing another thread on #0xEncrypt later this week.
Much shorter one to dive into the value prop of the tokenomics, from token burns & supply black hole from the privacy chain & products to potential reflections / passive yield to holders of #0xe
..Let's Move on to what I'm extremely bullish on and how it ties into token price, which I strongly believe is heavily price mismatched compared to
the use case / fundamentals / what's coming that will propel price imo
27/
#0XEncrypt Layer 1 Privacy Chain
With its Own Built-in Swap
@EncryptionAIERC Announced And released its own Testnet of its own PoA Layer 1 Privacy Chain
Providing a secure decentralized environment for transactions and data all powered by #0xe tokens
28/
Mind you again, this project has been out for a little over 1 month.
To say I'm impressed by what they have already done thus far would be an understatement.
Rewards based on 0.75% fees
Paid in $Eth per holding 1M Tokens
5M Volume - $1,304.71 Per Month
10M Volume - $2,609.42 Per Month
20M Volume - $5,218.8 Per Month
50M Volume - $13,047.1 Per Month
26/
Keep in mind this is Non diluted yield paid in $Eth,
This doesn't take into account Rewards earned from the Mixer & FlashLoan Protocol Fees that will only add to these numbers...
27/
Rewards are also Not paid in its own token which massively inflates supply and dilutes rewards.
No staking required. Will be able to claim from the Dashboard that's being built currently.