The Plasma Thesis (Trillions)
A shortened version, TL;DR:
• The closest exposure you can get to Tether: "USDT chain"
• Paolo has only invested in 1 company, Plasma, and twice at that
• From a fundamental perspective, most products in Crypto are not actually used (especially by normies) the anomaly is TRON commonly used to receive stablecoins by people who have never heard of Crypto (that is at ~$30B FDV)
• Proven fast movers. From the big launch to partnerships, main net, TGE, hype has remained whilst comps like MegaETH, Monad have lost narrative
• Core team is pushing forward on Plasma One (one of the best crypto cards: 10% yield on base balance, 4% cash back, etc.)
• Most people could not get the exposure they wanted (sale was 1:20 so 5% of what you deposit. At $10B if you full ported (!) you "only" double your money)
• Billions in USDT on chain from Day 1 (top 5 USDT chains), T1 Listings & big money are interested
• Marketcap at TGE launch is relatively low so FDV doesn't matter short-term
• Quick short-term comp is the price of Plasma to match marketcap of $ASTER would be ~$2.5 (~$4B mcap, ~$25B FDV)
& more stuff...
(Disclosure: I am invested in the sale, working with Plasma via @tryPluid for educational widgets & plan to increase exposure at TGE.)
A shortened version, TL;DR:
• The closest exposure you can get to Tether: "USDT chain"
• Paolo has only invested in 1 company, Plasma, and twice at that
• From a fundamental perspective, most products in Crypto are not actually used (especially by normies) the anomaly is TRON commonly used to receive stablecoins by people who have never heard of Crypto (that is at ~$30B FDV)
• Proven fast movers. From the big launch to partnerships, main net, TGE, hype has remained whilst comps like MegaETH, Monad have lost narrative
• Core team is pushing forward on Plasma One (one of the best crypto cards: 10% yield on base balance, 4% cash back, etc.)
• Most people could not get the exposure they wanted (sale was 1:20 so 5% of what you deposit. At $10B if you full ported (!) you "only" double your money)
• Billions in USDT on chain from Day 1 (top 5 USDT chains), T1 Listings & big money are interested
• Marketcap at TGE launch is relatively low so FDV doesn't matter short-term
• Quick short-term comp is the price of Plasma to match marketcap of $ASTER would be ~$2.5 (~$4B mcap, ~$25B FDV)
& more stuff...
(Disclosure: I am invested in the sale, working with Plasma via @tryPluid for educational widgets & plan to increase exposure at TGE.)
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