The Practical Future of NFTs | Daily Crypto Market Update and Investing Report 12.9

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Overview

• Crypto Market Update
• Market Insight: Retesting Support
• Major Crypto News
• Notable Events
• NEWBIES’ lesson of the day: The Practical Future of NFTs

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Market Insight

On Tuesday we explored on-chain metrics that implied the big players aren’t selling in this market and Microstrategy purchased another $82m worth of BTC today to help support this evidence. We got some bad news today that drove the market down but news sentiment tends to be temporary. The retest of major support was inevitable for Bitcoin despite the Evergrande defaults. This is unjustly renewing fears of a bear market.

Altcoins were hit the hardest with all major L1s struggling today.

ETH - 5.85%

DOT - 8.34%

ADA - 6.11%

SOL - 5.54%

Smaller projects are fairing worse.

The latest move isn’t showing a lot of volume and raises the probability that the 48k support will hold. Today is a good accumulation day if you DCA. There is a lot of fear in the market, it’s best to take advantage of these prices.

The amount of funding going into crypto is getting too large to list. Everyday I write this newsletter another $150 – $500 million is entering the market in the form of investments. This news along with strong on chain analysis is narrating an opposing story when compared to falling prices.

Developing Narrative

Ethereum Layer two solutions are becoming a hot topic lately to include news today of Polygon acquiring Mir Protocol (below). There are a handful of layer-two solutions that I will try and cover in the coming days. If you don’t know what a layer-two is, fear not, I will include it in the NEWBIES section. Keep a close on MATIC, as I predict it will perform well with all hype surrounding this sector. To top all this, Coin Bureau, one of the most influential and trusted Crypto-Youtubers released this video on MATIC today.

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Crypto Market

Bitcoin (BTC) is down 5.2% to 47.8k on the Evergrande news of a default. The Evergrande situation will be a continuous nuisance for the markets for months ahead as the situation evolves. Bitcoin continues to test the 48k - 50k support. Expect numerous tests of this major support and accumulation in the coming days.

Total Market Cap – ETH & BTC (TOTAL3) is down 4.89% and Stablecoin Dominance (USDT.D) is up 5.73%. Traders are closing positions into stablecoins as opposed to the recent trend of Bitcoin selling into altcoins such as Ethereum.

Terra (LUNA) takes a pause from its its recent strength. LUNA is down 10.57% today but is up 76% in the past 5 days.

KEEP A CLOSE EYE ON LUNA THIS MONTH

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Bitcoin Fear and Greed Index 24 EXTERME FEAR
Google Trends 46 +9 (Considerable Rise)

How to use The Fear and Greed Index for investing

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Major Crypto News

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• Microstrategy has purchased another $82m in Bitcoin and currently holds 122,478 valued at $5.9 billion. $2.2 billion of the valuation is purely on gains.
• Palm NFT Studio holds a series B investment round with Microsoft as the lead investor. Microsoft is investing into NFTs, let that sink in.
• Polygon acquires ZK-rollups startup Mir Protocol for $400 million following acquisition of ZK-rollup project Hermez Network for $250 million in August. Mir will rebrand to Polygon Zero. ZK – rollups are engineered to process Ethereum transactions in a fast and efficient manner to bring down cost to users.
• A trade group from India has recommended to parliament that crypto become regulated as its own financial class.
• AWS’ latest major outage highlights the urgent need for a decentralized alternative. By Cudos  
• Animoca Brands, a large crypto gaming firm as 5x in value since September from $2.9 billion to $15.9 billion. Animoca holds tokens such as REVV (REVV), The Sandbox (SAND) Tower (TOWER) and GAMEE (GMEE).

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Notable Events

• RedFOX (RFOX) is auctioning metaverse lands
• Ti – Value (TV) is launching on BSC tomorrow
• Beldex (BDX) is transitioning from PoW to PoS tomorrow

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NEWBIES’ Lesson of the day: Future Practical Uses for NFTs

The early days of the internet taught us that adoption of some technologies will manifest through unconventional, unusual and at times deviant channels. Some of my first unfortunate interactions with the web were to watch gory videos with middle school friends on rotten.com. Little did I understand the future of this technology and the impact it would have on my everyday life. Comparable to that era, NFTs have begun as jpeg art collectibles and in-game assets. It’s hard to understand why people will pay millions for some jpeg art and it leaves many disinterested in what they believe is another juvenile fad. But NFTs will alter our lives in many ways we can’t even fathom. In an effort to provide a glimpse of the future, I wrote some practical use cases for NFTs. Tomorrow I will bore you with the what actually constitutes an NFT, for now just think as them as a unalterable digital asset.

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Bored Ape Yacht Club # 2087 sold for 769 ETH or $2.3 million at the time

NFT stories:

Imagine going to the grocery store to purchase an expensive Argentinean wine to impress some guests tonight. You scan the NFT barcode of the $50 wine bottle only to discover someplace enroute, the wine exceeded the temperature of eighty degrees for two days. You just saved yourself $50 for tart wine.

Your daughter buys an Elsa toy at the Disney store that is accompanied by a video game NFT QR code on the bottom of the toy. She arrives home, scans the QR code and changes here avatar’s skin on Roblox to match her new toy. Four weeks later she trades it with her friend for a Moana skin.

Your grandfather unfortunately passes away and left his NFT Will for the family. His NFT deeds, titles, digital assets, car keys and season tickets to the New York Yankees get automatically transferred to his desired recipient upon the scan of his NFT death certificate. No lawyers and no family disputes. The family spends the next week celebrating his life.

Below is a list of various items that will likely be adapted into NFTs in the near future.

1. Scholarly Degrees
2. House deeds
3. Drivers License
4. Software License
5. Medical Licenses
6. Event Tickets
7. Songs
8. E-Books
9. Wills
10. Car/House keys

What other ways can NFTs affect our lives?

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WEEKLY WATCHLIST

• Terra (LUNA)
• Ethereum (ETH)
• Polygon (MATIC)
• Algorand (ALGO)
• Cardano (ADA)

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Tomorrow I will cover some information about the crypto-based senate hearings from yesterday and explain why its so important to the future of crypto. I will also explain in detail what an constitutes an NFT. Stay tuned!

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Interest in crypto plummets during extended drawdowns. Learn to be a contrarian in relation to investing and begin to stir up when the markets are depressed. This is our time. Buy the bottoms and take profits on the tops and don’t stop accumulating!

Thanks for reading!

TraderGabi

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Bitcoin has fallen more sharply than Ethereum, a disaster caused by a "double-edged sword"

Recently, the decline of Bitcoin is obviously stronger than other cryptocurrencies such as Ethereum, which may highlight the increasingly close relationship between Bitcoin and the macro situation. On Saturday, Bitcoin once fell by 21%, and now it is close to $48,200, which is about 10% lower than last Friday's closing price. Ethereum fell by 17% on Saturday, then began to pick up, and soon recovered to more than 4,000 US dollars. Sean Farrell, director of digital asset research at Fundstrat, said in a report on Sunday that compared with bitcoin, other cryptocurrencies recovered from events that caused macro uncertainty much faster. These events include the omicron variant, the accelerated downsizing of the Federal Reserve and the changes in the derivatives market. In the past year or so, with the maturity of the market, the increase of products and the gradual clarity of judicial supervision, large investors have been accelerating the purchase of bitcoin. This is usually considered as a factor that may boost bitcoin prices, but the recent plunge shows that the entry of big players can be a double-edged sword.

The weekend's plunge may become a turning point. The previous analysis of Cornerstone Macro found that the downside risk of Bitcoin is not as great as that of Ethereum. However, as institutions begin to flood into Bitcoin, Bitcoin may be more susceptible to capital flow. "Ethereum is usually associated with the growth of encryption sub-sectors such as decentralized finance (DeFi) and non-homogeneous tokens (NFTs), but has little connection with anti-inflation transactions, so it is not negatively affected by the hawkish remarks of the Federal Reserve." Stephane Ouellette, CEO and co-founder of FRNT Financial Inc． said on Sunday. The weekend's plunge once again reminded people that cryptocurrency is a developing asset class and can be extremely unstable. Nevertheless, Ethereum has increased more than fivefold so far this year, bitcoin has increased by about 70%, while S&P 500 index has increased by 20% and MSCI global index has increased by 11%. The total return of Bloomberg Barclays Global Composite Bond Index is slightly negative. The increasing institutionalization of bitcoin "may explain why there was a sharp sell-off in the bitcoin market last Friday night," said Farrell of Fundstrat. "Traditional institutions hope to maintain annual revenue before the end of the year."

Thoughts on Alt coins decoupling the bitcoin market in the future

Traditionally bitcoin has experienced a bear market surrounding each halving event, and in the past most alt coins have been coupled/linked to the same bull/bear cycles as bitcoin. With crypto in general becoming much more known and accepted, and with so many new and exciting projects backed by intelligent minds and more money than ever during this web 3 boom, do you think more alt coins will not follow the traditional bear market cycle bitcoin may experience in the coming years? I feel there might be too much momentum in the alt coin sector to allow the bitcoin market to affect alt coin markets like there has been in past cycles.

Bitcoin breakdown analysis, combining all news events + price action showing you the history! You are gonna watch if you have bitcoin or thinking of buying!

https://youtu.be/j6ylzUL8tz0

Potential events that could increase value and adoption of BTC

I feel most posts pin on the institutions coming in through ETFs or corporate treasuries, which could be the case.

But I’ve been thinking on what other events (good or bad) that could occur to see a path towards meaningful change.

1. Block (formerly Square) POS give every merchant option to receive funds as BTC or fiat Focusing on acceptance of payment in BTC on the POS seems like the upside down way to increase adoption. It would primarily be a way for current holders to pay out in BTC, but most won’t. And expecting that to drive the tide seems weird.

However, if merchants had an option to settle in BTC or fiat at the market rate (by % globally or at point in time), that seems like it would increase users while increases holdings (those who choose to settle in BTC obviously aren’t interested in it being in fiat so wouldn’t do an exchange immediately).

1. Countries with high US/EU remittance increase public service announcements to their recipient citizens to use BTC Some countries have high remittance inflow from their overseas expatriates. For example, Mexico and the Philippines, often have family members in the US who then use very expensive remittance services to send money back to their country.

The governments of those recipients could spend money on PSA’s advising their citizens to receive money in BTC, which reduces the transaction costs and increases the holdings of those citizens in BTC. Many of those countries have shaky currency so once there’s a base, they could follow in El Salvador’s footsteps are see acceptance for goods and services.

1. HRIS/Payroll vendors like Gusto provide an option for DCA 401k for Bitcoin (direct, not ETF) I am still researching whether pretax purchase of BTC can be moved to a cold wallet or if they have to be held on the exchange But if the former, then these payroll vendors if they made just the option for all their customer’s employees to DCA a portion of their pre-tax to BTC, that would increase holdings.

Incentives mostly align:

1. Block takes an exchange fee instead of Coinbase for settlement to BTC
2. Countries have higher total remittance without paying high fees to legacy systems
3. Payroll vendors improve their offerings (and they probably get a commission on usage)

The upcoming world shift is happening now.

The world is moving into a new era because we have amassed enough knowledge to do so. This knowledge comes in the form of science and life knowledge which are different. Eventually people grow up and humanity is hitting a growth spurt now.

It's like when a 4 year old become 5. His 4 year old shirt gets too small and his body rips through it as he become 5. This discomfort is felt by humanity because the Gov system we agreed to for many years has been outgrown by humanity and now it feels like a tight shirt that's ripping off us. This is because the Gov doesn't want to become irrelevant so they stick to the body like tape. As they rip off, some discomfort is felt but we will feel much better when the shirt rips off our body and we experience freedom.

This is not a question of IF. This is a question of WHEN. When is now.

Now is when this is happening. This is why you have tens of millions of protestors all around the world.

We are kicking them off our back so eventually they will fall.

What can we do to make this process go faster? I am here to tell you because the faster we kick them off, the faster we experience true freedom.

1. Conquer fear by abandoning it. Simply realize that thinking of possible future bad events or experiencing guilt about the past is totally worthless and crippling to the mind. Turn off all media because all media is meant to induce fear. Meditate daily to remove fear from your mind.

2. Participate in any small way that you can to speed this process up. 61% of taxpayers stopped paying taxes according to a report I read 6 months ago. This is because they can no longer support such evil. Giving up stuff like fluoride or drugs or junk food or porn, ect... is also good because it detaches humanity from the Deep State.

3. Stay united. The Deep State is desperately trying to divide people through media by bringing up race in every issue and making it seem like a racism problem. They are mostly targeting Whites and Blacks but they are also touching on Asians. They continuously run their gender drama too in order to divide the sexes. Just ignore all that, stay united and shut down media so you don't hear about it.

This is good enough for now.

Future plans:

1. Use gold and silver coins as money to break off from fiat. Stay away from Bitcoin. It's a hidden scam.

2. Don't get anymore vaccines even if you got one already.

3. Learn to share the food production process among the masses and trade food as needed. This will reduce all the poison from the body. Purify all water sources with reverse osmosis water filters.

Let's hurry up and rush this through because the new era is going to be a paradise compared to the last era.

To celebrate the launch of Stakenet DEX (Win|Mac|Linux) and its off-chain BTC/ETH pair, here is a technical overview of the project written specifically for r/cryptocurrency.

What is Stakenet DEX?

Stakenet DEX utilizes multiple Layer 2 protocols - Lightning Network (LND) and Connext - to achieve cross-platform interoperability off-chain, at high frequency, and between otherwise incompatible chain pairs.

In more technical terms, Stakenet DEX is a qt5 GUI-based multicurrency light wallet that runs a state channel-based Connext node and multiple LND node variants simultaneously. Each wallet acts as a dedicated LN node and features an integrated LN backup manager. It uses a 24 word mnemonic seed phrase for recoveries, and an additional layer of password protection to further restrict access to the wallet after recovery.

How does it differ?

DEXs fall roughly into 1 of 3 unique categories at this moment in time:

Layer 1 DEXs: Utilize HTLCs to execute decentralized atomic swaps between two blockchains, true to the nature of the very first atomic swaps done by bitcointalk legend JL777 in 2015.

Layer 2 DEXs: Utilize HTLCs to execute atomic swaps much like an L1 DEX but with the additional functionality of zk-rollups for intra-ERC DEXs (or Lightning Network for intra-LN coins). In short, zk-rollups consolidate several otherwise individual transactions into one discrete “rolled up” tx that makes much more optimal use of the ETH blockchain and eliminates further congestion on its network. Lightning-based DEXs, on the other hand, make use of multiple coin-specific LN daemons (i.e. BTC LND and LTC LND) that run simultaneously and the instant, low fee nature of payment channels to foster an automated ecosystem of channel “rentals” that ultimately allow the user to deposit one coin (BTC) and swap it into a different coin (LTC) off-chain.

Layer 3 DEXs: Utilize multiple L2 scaling solutions built for different kinds of coins and runs them simultaneously to achieve a “bridging layer” between otherwise incompatible chains. With this additional layer of abstraction and interoperability, UTXO-based blockchains like Bitcoin and Litecoin are capable of directly interacting with EVM-based chains like Ethereum directly from high-speed LN-based payment channels or vice-versa.

As Stakenet DEX allows for direct P2P trading of UTXO-based coins for EVM-based tokens via multiple L2 protocols that run simultaneously, it is considered to be a Layer 3 DEX.

How does it all work?

Stakenet DEX’s multicurrency wallet is a light client that references the reliable network of full nodes running on each respective chain it supports. During the initial wallet setup, you are given the option to either restore from backup or generate a new wallet. It takes approximately 20 minutes for Bitcoin to sync fully. It functions like an ordinary multicurrency wallet capable of sending and receiving funds on-chain.

On Windows, you will likely get a Firewall prompt asking to allow different variants of the Lightning Network Daemon to operate on the network (public/private). The LNDs that open with the wallet correspond to the coin pair selected on the DEX tab. If BTC/LTC is selected, the wallet will open with BTC LND and LTC LND. If the pair is switched to BTC/ETH, the LTC LND will close. If it is switched again to BTC/XSN (Stakenet’s native coin), the XSN LND will open. The LN daemons are light clients as well.

LND is a mature, robust, open-source implementation of Lightning Network. Stock, unmodified variants of the LND protocol are the implementation of choice for Stakenet DEX. Funds can be transferred in and out of the wallet the traditional way (deposits pending x confirmations) or via LN invoices directly.

Getting setup to trade on Stakenet DEX is a little different, but straightforward. For ease of use and convenience, it features a “simple swap” utility that can automatically turn an on-chain deposit of one coin into an off-chain balance in another. Alternatively, you can set everything up manually and make small tweaks to your benefit. To illustrate how the manual setup works, let’s use an on-chain Bitcoin deposit as an example. Assuming the deposit has been confirmed and the funds are available to use, there is a slider function in the wallet tab that gives you the option to transfer either partial amounts or the entire balance to a LN BTC payment channel. Low, medium, and high priority options are available to either reduce fees or expedite the tx time. Once your funds are in a LN channel, you are given the option to rent a 2nd channel for the coin you want to swap into. When the rental channel has been confirmed, the status of the DEX will go from “Offline” to “Online”. You can then buy or sell into orders posted to the book, and the BTC in your payment channel will swap into an LTC or XSN balance in your rental channel. If Bitcoin is sent to the DEX via a Lightning invoice, the manual process is significantly faster as the initial deposit and transfer confirmation wait times are bypassed. In any event, there are multiple ways of getting to L3 interoperability and even the most laborious methods have been reduced to a few clicks, automation, and a slightly longer wait for the same results.

Buys and sells can be placed on the Stakenet DEX orderbooks manually if direct P2P trades are preferred. Alternatively, the orderbook is given deeper liquidity by “Vortex”, a built-in feature that utilizes arbitrage trading and aggregates orders placed on CEXs.

What is its background?

Stakenet DEX was created by the X9 Developers. It has been in development since 2018. They achieved their first Lightning swaps between XSN and LTC in October 2018. The DEX entered Alpha towards the end of 2019, gradually implemented a slew of automated utilities including channel rentals that allow for swaps from one coin deposits, and went into Open Beta in August 2020 with LN-based coin pairs only. Since then, an additional slew of automated features including the simple swap feature and ETH interoperability have been implemented. After much stress-testing, the team announced a release for December 10, 2021. This release is considered a very late stage beta.

What is its future?

The future of upgrades to Stakenet and Stakenet DEX is a topic that would take its own extensive thread to cover in detail. Put briefly, XSN (Stakenet’s native coin launched in 2018) is a hybrid staking/masternode coin based on BTC, PeerCoin, and DASH that utilizes the X11 hashing algo. It features a vastly decentralized network with an average 2500 masternodes. A chain upgrade, dubbed “Hydra” is in development to turn XSN into an EVM-compatible token secured by ETH. The upgrade is meant to make much more effective use of smart contracts, with tokenomics to attract liquidity providers and orderbook hosting done directly by the masternode network to make it redundant and immutable.

Layer 3 interoperability is a game-changer. It allows two remote parties to exchange completely different assets in a decentralized manner free of third party custodians and middlemen. It bridges the two largest cryptocurrencies (by far) together in a secure, decentralized manner. It is insanely fast and inexpensive, allowing for CEX-like high-frequency trading. Lastly, it extends some very useful attributes of EVM-based chains like DeFi and smart contracts to UTXO-based coins like BTC and LTC. DeFi for Bitcoin is but a frontier at this moment in time but it’s something that could turn into a multi-trillion dollar market.

Why have I never heard of Stakenet?

Stakenet launched right at the start of the 2018 bear market when money and focus on crypto was quickly fleeting, especially for altcoins. The Stakenet team allotted almost the entirety of the funds available to them for development, and spent the entirety of the bear market developing their L3 DEX in a rather isolated manner with very little paid marketing.

Who am I?

I’ve been testing the wallet since the 2019 alpha builds and got the privilege to watch this progress from its formative days. I hope this thread has been informative. If you may have any questions, I’ll do my best to answer.

Gold Standard DAO | Real Project | IDO whitelisting ending today | Active Community | High Staking APY for early DAO holders| First Fork of Olympus DAO Backed by Physical GOLD Assets

🔥🔥 IDO on for the next few hours 🔥🔥🔥

GSD is a fork of Olympus DAO backed by real Gold and other assets. It pays staking high APY and integrating game changing features in V2

The core team members are anonymous, however they are working in conjunction with LODE ONE and SYSCOIN FOUNDATION ensuring each GSD is backed by real world asset the GOLD in our highly secure vault.

Why Gold?

Long-term price stability has been described as one of the virtues of the gold standard.

Gold retains its value not only in times of financial uncertainty, but in times of geopolitical uncertainty. It is often called the "crisis commodity," because people flee to its relative safety when world tensions rise; during such times, it often outperforms other investments.

Over time, fiat currencies – including the US dollar – tend to fall in value against gold.

The goal is to offer this long term price stability gold provides, coupled with Gold Standard DAOs groundbreaking financial technology, giving participants positive rewards. Let’s analyze this a little deeper.

Monetary policies started with us trading rocks and all sorts of things for medium of exchange we do not use today. We tried paper currency not backed by anything and then resorted to backing treasury with gold in 1879 followed by repatriation in 1934. The standardness of gold for a store of value is a great example of converting an NTU (non-transferable utility) game to a TU (transferable utility) game.

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Why use issued gold/silver token receipts instead of algorithmic gold?

It is an interesting thought that we can simply use an algorithmic price correlated instrument to the physical market for gold/silver to represent the treasury. However when thinking about NTU, a digital representation of the price of the physical element is an indirect form of NTU and likely detracts from the quality of the treasury itself, possibly reducing the confidence in the long term stability of the TU token. A direct receipt that can be used to extract the physical delivery of the NTU is desirable. This also comes at a cost of the issuer that is a point of contention in the logistics of an autonomous system. This is rebutted in a few ways:

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1. Align incentives for honest behaviour through game theory to prevent the issuer from stopping delivery for receipts. They would stand to benefit from the success of a DAO taking in the receipt as a form of NTU to create TU which pays out interest. However corporations can become irrational so on to the next point

2. Create NFT based receipts that have nano-marker information that is captured on the physical delivered asset. This will make the physical metal traceable and deterministically owned by a digital token. This is an IoT and Nano technology innovation that is close but not possible today so point 3

3. As more awareness happens and the DAO becomes adopted, stricter auditing and processes will be put in place to prevent any liveness issues related to delivery of assets. This is possible today

4. The treasury is backed 1:1 with the output itself and so in the extreme event of collapse the physical assets should cover the depositories 100%. This prevents the issuers from creating fractional systems themselves on deposits of physical assets to cover costs of procurement, insurance and storage of the asset. The issuer itself can partake in the system themselves and earn enough to cover any costs. This is possible today.

A combination of any or all of these would prevent dishonest behaviour and create a system that dynamically adjusts, stays aligned with the end goal of a stable TU money. Governance always has the option to change the treasury to a different issuer or instrument if the collective believes in adding, changing or removing certain assets. A basket of treasury assets would prevent disruption since it is unlikely that many assets would be added/changed/removed at once.

Is GSD a stable coin?

GSD is not a stable coin, but rather a floating algorithmic reserve currency backed by gold. Similar to OHM in OlympusDAO, upon which the Gold Standard DAOs architecture is based. It may end up being served as a money instrument and thus a form of pseudo stable coin in the long term as inflation drops with the correlation of a high total value locked (TVL).

The purpose of Gold Standard is to create an ecosystem that provides perfectly balanced exposure to growth coins in a way that goes far beyond simple indexed currency baskets.

The Gold Standard DAOs ecosystem will allow you to invest in assets along the entire risk spectrum with minimized volatility and downside exposure, while enjoying high returns.

This is a first-in-class reduced risk asset that is not pegged to the US dollar.

The Gold Standard DAO has a pipeline of assets and protocol features that will create new, safer DeFi investing opportunities.

Network in use:

Gold Standard will be on the SYS platform for the following benefits:

Syscoin is a strong complement to both Ethereum and Bitcoin. Syscoin will be implementing layer 2 Zkrollup technology and Gold Standard DAO will be the first layer 2 dao in existence.

It resides between both chains. For example, by using wrapped BTC you can go to Syscoin and effectively have the same security as Bitcoin but much cheaper and faster using trustless methods to cross chains.

Syscoin’s value is in its security, speed and close ties to the Bitcoin codebase with scalability in mind and flexibility of the Ethereum chain through the aforementioned Bridge.

Syscoin focuses on simple value transfers on-chain with off-chain solutions for things like DEX’s, payments and other simple smart contracts using the mainchain as a court repudiation system as it is the only way to scale globally whilst remaining decentralized as Bitcoin.

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How to participate

Interested participants are required to fill in the whitelisting form. Following the whitelisting form all successful applicants will receive an email with instructions to proceed further once the selection process is completed.

The confirmation email sent to all applicants will also include the KYC process and the IDO confirmation form. Please note that the amount pledged must be used to purchase LODE’s digital coin, AUX before members are able to contribute to the IDO (links will be provided with instructions).

Tokenomics

Hardcap is at 2M, and that is assuming that all IDO spots are filled, and everyone is contributing $4,000 USDC.

There is no soft cap either since we are partnered and backed by Syscoin Foundation and Lode One (precious metal backed cryptocurrency company)

All future sales will start at a higher price as Gold Standard DAO moves forward with the development. Gold Standard DAO are also looking to incorporate more features to improve our protocol.

They have a max supply of 200,000 GSD, therefore our FDV is 8 million. In which 50,000 GSD will be used in IDO

This is an easy x20 - x100+ since we have OHM, Time, KlimaDao all sitting at 600 Million plus MC and Gold Standard Dao has real backing by real company specialising in vaulted bullion and precious metal

Twitter: https://twitter.com/GoldStandardDAO

Discord: https://discord.gg/VWGFhHbAPg

Website: https://gsdao.org/ Work in progress. Coming soon!

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