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Mind Of Mav

Projects Worth Considering Going Into Q2 22′

Today we’re looking at some projects with potential based on several sources. We’ll consider the holdings of a top crypto VC firm, as well as what’s being built on some of the hottest Ethereum competitor platforms. Let’s dive in:

Top Projects Built With Cosmos Tendermint 

Cosmos is a network of blockchains that are sovereign and connected. It’s built using easy to build application components connected to a revolutionary inter-blockchain communication (IBC) protocol.

Cosmos is a cryptocurrency that is becoming the backbone for interoperability between all blockchains. Not only that but some of the biggest cryptocurrencies by marketcap were built using the Cosmos SDK like BNB and Terra (Luna).

At a theoretical level, you can think of Cosmos as being a collection of cryptocurrency blockchains. Instead of using multiple bridges to connect to all of these blockchains, the Cosmos network uses hubs. Hubs are Cosmos blockchains that act as a single point that thousands of blockchains can connect to for interoperability with the other chains that are connected. So for example, instead of making a bridge between Ethereum and Bitcoin, a bridge between Ethereum and Polkadot, and a bridge between Polkadot and Polygon, all these chains plug into a single hub instead.

Cosmos hub is just one of many hubs in the Cosmos network and though its ATOM token is limited to staking, ATOM is used to govern the entire network. To enable the creation of blockchains, Jae Kwon invented a novel consensus mechanism called Tendermint.

At the time of writing this newsletter, there were around 50 Tendermint based cryptocurrency blockchains. Any Tendermint based blockchain can interoperate with ease via the Cosmos hubs mentioned earlier in this report.

Terra (LUNA)

Terra aims to create a decentralized stablecoin called UST. Luna is a key part of this puzzle and it is the protocol token. Luna’s blockchain has a dual token system in the sense that Luna’s stablecoin known as TerraUST (UST) are minted by burning Luna and can also be swapped for Luna.

For example, if the UST value goes above $1, the equivalent value of LUNA would be burned, which mints more UST, making it less valuable. Whereas, if the UST price drops below $1, they are swapped for LUNA which in turn makes UST more valuable.

This relationship has been likened to that between the Moon and the Earth, as they rely on each other for stability. Burning LUNA coin is essential to this dynamic as it incentivises users by giving LUNA its value and UST its stability.

Some of the most popular Dapps on Luna are Terraswap, Anchor Protocol, Mirror Protocol, Kujira, and Orion Money.

Thorchain (RUNE)

THORChain was founded in 2018 with the thesis that the use of CEXs to transfer tokens between different blockchains was flawed. Non-custodial exchanges, were the long-term solution and the RUNE team set out to build an independent blockchain that could bridge to external networks and thus facilitate cross-chain transfers, functioning similarly to a DEX.

The most popular Dapp in the RUNE ecosystem is Thorswap. To the see entire list of dapps, you can refer to their website.

Cronos (CRO)

Cronos was previously known as crypto.org chain is the blockchain of the famous crypto.com wallet and exchange company. Its been live since November 2021 and is EVM compatible allowing for the creation of dapps and NFTs.

Some of its Dapps can be seen in the image below according to its daily active users.

Source: https://dappradar.com/rankings/protocol/cronos

Secret Network (SCRT)

Secret Network is the first blockchain with privacy-preserving smart contracts. Smart contracts are self-executing pieces of code that are managed on a blockchain. Regular blockchains like Ethereum, Solana or Avalanche are public by default. This means all the data used in their smart contracts are exposed to the public. Secret Network improves upon traditional smart contracts by supporting encrypted inputs, encrypted outputs, and encrypted state for smart contracts — data privacy for sensitive information stored on the blockchain.

Some of the Dapps being built on the Secret Network can be seen on their website.

Evmos (EVMOS)

Evmos is a blockchain on the cosmos network that is compatible and interoperable with Ethereum. Evmos allows for running vanilla Ethereum. Developers have access to all the features of Ethereum. Since it’s built on top of the Cosmos SDK, it will be able to exchange value with the rest of the Cosmos Ecosystem through the Inter Blockchain Communication Protocol (IBC).

Evmos launched its mainnet on 2nd March 2021, so as of right now, there are no dapps built yet.

Osmosis (OSMO)

Unlike the usual smart contract-based AMMs, Osmosis is built using Cosmos SDK. Osmosis’ goal is to help developers to customize and deploy AMMs in the Cosmos ecosystem and to innovate in liquidity pools by using Osmosis’ governance processes and interoperable builder toolkit. OSMO, the native token of Osmosis, is used for governance and paying transaction fees.

Top Projects Built With Harmony (ONE)

Sushi (SUSHI)

Similar to platforms like Uniswap and Balancer, SushiSwap uses a collection of liquidity pools to achieve this goal. Users first lock up assets into smart contracts, and traders then buy and sell cryptocurrencies from those pools, swapping out one token for another.

Sushi website: https://app.sushi.com

ViperSwap (VIPER)

VenomDAO is a community-driven, fair launched initiative. The release of the swaps under the VenomDao umbrella will not include any presales, seed rounds or unfair allocations to early investors or backers.

ViperSwap website: https://viper.exchange/

Tranquil Finance (TRANQ)

Tranquil Finance is a multiprimitive DeFi super app for the Harmony blockchain. It is the first DeFi protocol developed as part of the Defira metaverse, adding a GameFi layer to Tranquil’s DeFi features. The protocol supports three major DeFi primitives: DEX, lending, and liquid staking.

Tranquil Finance website: https://tranquil.finance

Top Midcap Projects Held By Andreessen Horowitz (a16z), A Top Crypto VC Firm

Filecoin (FIL)

Filecoin is a decentralized storage network based on the Interplanetary File Storage (IPFS) protocol. It is designed to utilized unused storage globally into an efficient storage market for users to pay for low cost storage. The objective is to ensure file storage is permanent and distributed across the web. Contrast this with centralized cloud storage solution such as Amazon Web Services, Google Cloud, or Dropbox, where data are stored in servers owned by these private corporations.

Filecoin website: https://filecoin.io/

Flow (FLOW)

Flow by Dapper Labs (The company which created CryptoKitties) is a blockchain network that aims to be fast, secure, and developer friendly.

The idea for a new blockchain targeting games and social networks was conceived after Ethereum faced large scalability issues as seen with the high transaction fees during the CryptoKitties hype. The Flow team deduced shards and sidechains were not long term solutions for apps that strive for performance.

Investors include large backers such as Andreessen Horowitz, Warner Music Group, Union Square Ventures, Digital Currency Group, and more.

FLOW token is the native currency for the network. All applications and network transactions in the blockchain will require the FLOW currency. The token is also used by validators, developers, and users to participate in the FLOW network and earn rewards. It is also used for fees and to participate in future protocol governance.

Flow website: https://flow.com/

Celo (CELO)

Celo is a platform acting as a global payment infrastructure for cryptocurrencies that aims to target mobile users.

To this end, Celo’s goal is for financial activity to be accessible to anyone globally thanks to its ability for payments to be sent to and from any phone number in the world. In addition to basic payments, Celo can support the development of decentralized applications on its blockchain. Thus far, these dapps include one allowing anyone to contribute to a community’s universal basic income scheme, as well as a crowdfunding platform for social causes. 

Celo website: https://celo.org/

Arweave (AR)

Arweave makes permanent data storage a reality for the very first time. As the $3 trillion data-storage industry is growing, the need for cheap, distributed, permanent data-storage on the blockchain has become an urgent necessity. A new data storage blockchain protocol based on a novel proof of access consensus mechanism that creates truly permanent data storage for the first time. Now data is finally permanent, low-cost, and truly censorship free.

Arweave website: https://arweave.org/

Near (NEAR)

NEAR is a sharded, developer-friendly, proof-of-stake public blockchain, built by a world-class team that has built some of the world’s only sharded databases at scale.

Near website: https://nearprotocol.com/

Lido DAO (LDO)

An effective decentralized staking platform. It offers one of the easiest ways to stake ETH and other PoS assets today, while striving for decentralization through the DAO’s governance. Lido democratizes staking.

Lido solves the competitive incentives between staking and seeking yield in DeFi. By issuing an Ethereum-native liquid token, Lido allows you to use staked ETH as collateral within DeFi in the same way you can use ETH currently.

Lido website: https://stake.lido.fi/

 
 
 
 

The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)

Add your vote to the V3 Portfolio (Phase 3) by clicking here.

View V3 Portfolio (Phase 2) by clicking here.

View V3 Portfolio (Phase 1) by clicking here.

Read the V3 Portfolio guide by clicking here.

What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as
possible.

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

Move Your Mouse Over Charts Below For More Information

The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)

Add your vote to the V4 Portfolio by clicking here.

Read about building Crypto Portfolio Diversity by clicking here.

What is the goal of this portfolio? 

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.
This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.
To give an update on the position, each one listed in low to high relative risk:
SoV/money == BTC, DCR
Platforms == ETH, XTZ
Private Money == XMR / ZEC / ZEN
DeFi == MKR / SNX and stablecoins
It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:

 

 

Move Your Mouse Over Charts Below For More Information

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