Moonshot Portfolio March 2021
March’s Crypto Moonshot Portfolio
In February we wrote about investing in a portfolio of smaller cryptocurrencies, colloquially known as moonshots, in order to spread your risk and maximize your return from the one or two big winners a portfolio should yield.
If you missed that article view it here for a recap.
Since writing that article only a few short weeks ago much has changed. For one the crowd hunting for crypto moonshots continues to grow at a rapid clip with new communities springing up on various social media platforms every day.
What is obvious however is that we are all looking for a shortcut to finding these hidden pearls. Many of us have joined ‘pump’ groups where we receive a tip for a cryptocurrency that we are expected to buy on a specific day/time and then sell slowly. There is no research to back up this ‘hot tip’, we are relying on others. And those others are the only ones who walk away with a boatload of cash whilst we nurse our losses. Instead of finding a short cut to riches people are losing a fortune following the advice of people who are only in it for themselves.
The purpose of our monthly portfolio selection is to provide the investor with a selection of sensible small to micro cap cryptocurrencies with accompanying research so that the investor is able to make an informed buying decision. We also aim to avoid cryptocurrencies that are being pumped on various forums, our objective is to find cryptocurrencies before the community does. However, like anything in cryptocurrency you should always conduct your own due diligence before buying.
One of the most popular questions we have received since publishing our first Portfolio Selection is how does one go about buying these cryptocurrencies. You can check out the exchanges that offers a market in each coin here.
Also read this article Crypto Exchanges — The Good, The Bad and The Ugly which talks about crypto exchanges in general and more specifically how to buy some of the smaller cryptocurrencies.
Our Goal
Our aim is to provide you with twenty small to micro-cap cryptocurrencies together with risk ratings, price targets, background information, and our informed opinion on each.
This portfolio selection differs from our weekly Micro Cap Watch List, although there will no doubt be some overlap. The portfolio selections have been researched in more detail, whilst the Micro Cap Watch List is designed to provide you with investment ideas. However, the same caveat applies to the Portfolio Selection as with everything to do with cryptocurrencies — Always do your own research.
Launch of our Podcast — Moonshot Monday. Tune into our new podcast that looks to provide you with three cryptocurrency investment ideas every Monday. Listen here.
Historic Performance
Many people have asked us what our performance has been on our selections. That is a reasonable question and every month we will publish our performance. Remember that historic performance is not a guide to future performance.
Below you will find the performance from our original portfolio selection.
From our portfolio of 20 cryptocurrencies 12 of them finished in positive territory. There was one standout performer which was BEPRO which increased by an amazing 2600%. We would suggest selling this now or at least taking out your original investment and some profit.
There were a few disappointments which are to be expected in any portfolio however we would advocate holding these under performers but keep them under review as we believe there is substantial value in this portfolio.
Overall the portfolio increased by 100% helped by BEPRO and a few other strong performers. This is pretty respectable considering we have reduced our risk somewhat by building a diversified portfolio. Don’t expect next month to be as good!
Updates on Current Portfolio
Below we have provided you with an update on many of the projects we featured in last month’s Portfolio Selection. View last months Portfolio Selection here. Complete project information can be found below, where we review and rate each project/cryptocurrency.
SYLO
In March Sylo announced that they had deployed a highly-usable ‘super-saver’ style ‘Earn’ feature powered by Tezos Baking. Sylo Smart Wallet users can now earn rewards for the Tez (XTZ) they keep in their wallet, without locking up or losing access to their funds. The app is entering its second year on the app store and has 350,000 users.
SYLO was up 363% in the month.
Plot X
Announced that they have migrated to Polygon an easy to use platform for Ethereum scaling. They are expected to launch level 2 staking shortly which will allow for a speedier transaction. Recently voted one of the hottest DeFi projects in India although based in Singapore. They claim to have $1.5m TVL which is ahead of Augur, a coin with a market cap of $180M. PLOT’s market cap being a fraction of this makes it worth serious consideration.
Since we tipped PLOT the price is up 193%.
Centric Cash
There does seem some interesting partnerships on the horizon. Be careful with pump groups who are trying to pump this cryptocurrency. ‘Let’s pump this to $1’ was one such notice. If you are an owner of CNS set your target price and stick to it.
CNS market cap is only $1.5 million and we believe it still offers massive potential upside. Potential being the operative word.
GeoDB
GeoDB and Chainlink announced that they have finished the first stage of integration. GeoDB launched Live Chainlink node to supply location data on-chain, which provides foot traffic information for physical retail stores as a first step.
This arrangement shows the potential of this project and how it is finding real life application for its technology. With a market cap of $8.4 million this cryptocurrency is still grossly undervalued in our opinion.
Yield App
Announced their partnership with Finxflo, the world’s first hybrid liquidity aggregator. They will integrate their protocol to allow their users to invest into Yield App without leaving their native platform.
They also recently announced that Ether is now on their platform and can be staked.
The price of YLD has increased by 80% since we last wrote about it. We still think it offers exceptional value.
BEPRO
BEPRO is being billed as possibly the next Fantom, a $1Bn coin. BEPRO has a loyal following although the coin was very much under the radar until this month. It is now one of the most talked about small cap.
BEPRO is implementing their system on the Moonbeam Kusama and Polkadot networks to allow entrepreneurs to launch blockchain betting apps with no coding required. Moonbeam, an Ethereum-compatible smart contract parachain on Polkadot, is working with BEPRO but also with Chainlink, Band protocol, Sushiswap and Ocean Protocol.
The price of BEPRO has risen by 2600% since we last wrote about it and we would advocate taking at least some profit in this cryptocurrency.
OIN Finance
OIN announced its partnership with Avalanche. Avalanche is a high-speed open-source platform that can efficiently support decentralized applications, interoperable blockchains, and financial primitives.
Avalanche, having quickly gained popularity, is one of the leaders of open-source platforms. This partnership will open new opportunities for OINDAO’s development as this new addition to the ecosystem is one of the top blockchain projects revolutionizing the DeFi space. OIN’s first product, OINDAO, will enable Avalanche to launch its own branded stablecoins pegged to the US dollar.
The price is down 17% since February. We believe this project still represents exceptional value.
Katalyo
Announced that they were the #1 project on NulsPOCM platform less than 1 month after launch. This is another project that is under the radar although it did see its token price increase by 232% since February, it is now not far off the $0.73 price target we set.
Bird.money
This team is very busy forming partnerships. Here are two that were recently announced:
Partnership with CyberFi, the leading intelligent DeFi Automation who will use their oracle and API for advanced DeFi data analytics used for further business intelligence within their platform.
Partnership with MoonTools. This marks another technical integration with the actual use case for the Bird.Money API. MoonTools is a cutting edge data explorer for decentralized exchanges (DEX).
$BIRD’s price is up 52% since February.
TE-Food
Emirates announced partnering with TE FOOD for their Trustone Covid tracing app. $TONE is a competitor of VeChain a $3Bn coin. Our biggest concern is if their token is actually being used significantly enough within their applications to justify a higher market cap.
$TONE has performed well in the last few months with its price increasing by a healthy 213% since February, another coin which is fast approaching its target price.
Growth DeFi
In February they suffered a hack. You can read more about it here in their own words. It does appear they have handled the problem well. Although a worry, it is a concern with any crypto project, the crucial point is how they handle the fall out and pick themselves up afterwards. So far so good. https://growthdefi.medium.com/the-growthdefi-ecosystem-7f0960ca0c92
The price of GRO dipped by 9% since February.
TosDis
Announced a strategic partnership with UniLend Finance. This allows them to offer lending and borrowing to DIS holders creating greater utility for token holders.
Tosdis has now integrated support for Permissionless Staking-as-a-service for BinanceChain.
The price dropped 30% despite these promising developments. If you believe in this project this is a great opportunity to add to this investment, ensuring however you don’t go overweight in this one high risk cryptocurrency.
Removals for the Portfolio Selection
We are always looking to improve the quality of our portfolio and as a result there will always be some culling to swap the weaker coins with ones that offer better potential. With that said this months coins which failed to make the grade include:
Flash Coin
There has been little feedback from the project team and transparency on performance. It is essential that projects communicate with its community especially in the early days.
QLC Chain
Lack of news, reports of poor customer service and the concern that their key clients don’t actually use this coin makes this project too high risk include. Although the QLC did see a near 100% increase since February we would suggest taking profits in this one.
Watch list
The watch list are coins that are under review.
Apollo
We believe this coin still represents good value although we believe there are factors holding back the price. The two main factors include; bad press and the project management team’s poor track record of transparency with its community. The price is up 23% since February.
Launch of our Podcast — Moonshot Monday. Tune into our new podcast on Apple Podcast iTunes that looks to provide you with three cryptocurrency investment ideas every Monday. Listen here.
New additions to the Portfolio Selection
We have added three new cryptocurrencies to the portfolio. Below is a summary of each project. You can see more information on each in the section below, ‘Portfolio Selection — March 2021’.
Handshake
Overview: The Handshake project aims to create an alternative certificate authority and naming systems that is used for root Domain Name Server (DNS).
VIBE
Overview: An NFT marketplace and hub inside Augmented and Virtual Reality created on the Ethereum blockchain driven by the cryptocurrency VIBE.
RARIBLE
Overview: Rarible is a creator-centric NFT marketplace and issuance platform. RARI is a governance token with a Marketplace Liquidity Mining program.
Portfolio Selection — March 2021
Sylo
Overview
Decentralized data exchange. Operator of the SYLO smart wallet which has over 250,000 users.
Description
The Sylo Protocol provides confidential communication as a utility to the Sylo Confidential Communication App. The protocol acts as the confidential networking layer for the Sylo App, creating P2P connections and providing a way for users to interact and exchange data confidentially.
The Sylo Protocol is being developed to provide fully decentralised confidential communication as a utility to all connected-apps within the Sylo ecosystem. Powered by blockchain and combined with other decentralised technologies, this Protocol will act as the networking layer for the Sylo DApp and 3rd-party connected-apps, while providing charging options for specific communications and services over the network.
The fully decentralised Sylo DApp will be the 1st application built on the blockchain-based Sylo Protocol, using technology already commercialised in the Sylo App that’s currently used by thousands globally, available on Apple Store and Google Play Store.
Sylo is a decentralised communication and data exchange network powered by a layer 2 micropayments infrastructure and the SYLO token. User-run Service Peers provide infrastructure to the network which allows developers and businesses to run privacy-first, unstoppable apps without deploying any infrastructure of their own. A staking architecture and unique probabilistic ticketing solution ensure minimal transaction fees and limitless scalability. This scalability is already on show within the projects flagship app, the Sylo Smart Wallet; a decentralized, private messenger and crypto wallet with over a quarter million users.
Click here to view Sylo White Paper
Team
Unlike many of the small and micro cap cryptocurrencies Sylo names each of its key members of its management team. The team appears to combine a broad range of talents, skills and experience which should provide any investor with confidence in this project. This is Sylo’s description of their core team: ‘…combines a deep background in computer science, development and user experience with the real-world business experience of entrepreneurs, designers and world-leading technologists. Both in experience and attitude, the strength of Sylo is in its people.’
Our Opinion
Risk Score: 5
Target Price: $0.01
Maximum Supply: 10B
With a market cap of $16m we believe this cryptocurrency is still undervalued and is significantly below its all time high of $0.00746. We believe a market cap of $25m for this cryptocurrency is feasible in the short term. The team has already demonstrated it is a force to be reckoned having developed and launched its smart wallet which has over a quarter million users. It also has a decent sized community following it. We have ranked the coin a 5 in terms of risk factor as the team has already achieved a level of success however the potential has not been fully recognized in the price.
PlotX
Overview
Prediction market platform.
Description
PlotX is a non-custodial prediction protocol that enables users to earn rewards on high-yield prediction markets.
Dubbed as the Uniswap of Prediction Markets, PlotX uses an Automated Market Making algorithm to create, settle markets and distribute rewards on the Ethereum Blockchain without any counterparty risk. Markets are focused on crypto-pairs like BTC, ETH, YFI etc and are automatically created in intervals of 4 hour, 1 day and 1 week.
PlotX also uses on-chain governance powered by GovBlocks.
Click here to view PlotX White Paper
Team
Check out the team in this video on PLOT’s website
A well rounded team who have launched an impressive platform. They appear to have a close eye on regulation having restricted access to high risk countries such as the US. That is a comforting sign for the future.
Our Opinion
Risk Score: 7
Target Price: $1.00
Maximum Supply: 200M
PLOT is a prediction market platform similar to Augur. Augur is one of the biggest players in this market, but that really isn’t saying a lot. With only $2.7m of value locked (i.e. money currently committed to positions on its platform) Augur’s valuation of $180M is obviously based on its potential. PLOT’s value is under 4% of Augur’s. That discount looks excessive to us. There are four exchanges who offer a market in PLOT. It has an all time high of $0.19, so clearly now is a good time to buy. We believe a price close to $1 is reasonable for the potential it offers. We have scored PLOT a 7 in terms of risk because it has not proved it can deliver on its model.
Potcoin
Overview
Payment facilitator in the legal cannabis market.
Description
PotCoin is a digital cryptocurrency aimed to empower, secure, and facilitate the Cannabis community, medicinal and recreational alike.
The tagline for PotCoin goes as the following :-
“On every level of the Cannabis, Hemp and financial industries our users and supporters can entrust PotCoin to extend credibility, stability and security to this exponentially growing market and community.”
It is based on the Proof of Work Scrypt algorithm with a total maximum supply of 420 million coins. PotCoin supports wallet software on most major platforms including Windows, Mac, Linux, and Android. It also has a web wallet.
Click here to view PlotX White Paper
Team
Potcoin was formed by three Canadian developers, however they disbanded and the project was taken over by a group known as PotLabs who were responsible for helping develop the coin in the first place. The fact that there is not a dedicated named team pushing this project is a concern.
Our Opinion
Risk Score: 9
Target Price: $0.10
Maximum Supply: 420M
POT is without doubt a high risk project. Although it was the first cryptocurrency in the legal cannabis market adoption has been difficult. But saying that POT is one of the last men standing. Although there is not a dedicated team there is a big community that supports its objective. POT does have huge potential but it doesn’t come without significant risk which is why we have rated it a 9. The price is 1% of its high so it certainly has potential.
Centric Cash
Overview
Centric is a blockchain-based payment network composed of two distinct tokens which promote stability.
Description
Centric was conceived with the vision of one day replacing traditional fiat currencies. Blockchain technology will enable a more transparent world and they believe their innovative approach to achieving widespread adoption long term is what sets Centric apart from other cryptocurrencies today.
They believe the largest obstacle to the mass adoption of cryptocurrencies is price volatility. The decentralized model to price discovery has made the majority of existing cryptocurrencies nothing more than stocks or commodities, valued on psychology, traded on unregulated stock markets, and susceptible to manipulation. The lack of price stability has prevented credit and debt markets from forming because volatility incurs a premium.
While the rest of the industry focuses on transaction throughput and smart contracts, Centric focuses on solving price stability to realize the economic capabilities that the blockchain enables.
Click here to view Centric White Paper
Team
Check out the Centric team here
It has to be said that the resumes of the team are very much boilerplate stuff with no specifics which is a little worrying. However there is a named team that on the face of it are tech and blockchain savvy. Investors should investigate the team further before making an investment.
Our Opinion
Risk Score: 7
Target Price: $0.005
Maximum Supply: No max.
We have scored CNS a 9 for risk. This is based on the fact that its team doesn’t possess a verifiable track record. This is by no means a major negative particularly with such a low market cap. However it does appear to have an interesting project which is operational and could see a revaluation considering its low market cap. Its price is less than 3% of its all time high so we believe there is potential in this cryptocurrency.
Apollo
Overview
One of the world’s fastest cryptocurrency with a sustainable blockchain, as well as one of the most feature-rich.
Description
Utilizing a community of world-class developers, managers, marketers and researchers, the Apollo community, backed by the Apollo Foundation, has set out to accomplish the goal of making Apollo the most technologically advanced, feature-rich currency on the market.
The Apollo Foundation understands the demands of a top tier cryptocurrency and they believe they can create a coin that will integrate everything necessary to replace the current currency options.
Having started from NXT, a proven cryptocurrency, the Apollo Foundation will continue development with the goal of being the first all-in-one cryptocurrency, innovating and incorporating every ability that could be beneficial in a digital currency, all in a single decentralized platform.
The first major update, Olympus Protocol, puts mass adoption-proof privacy at Apollo’s core. This is because the Apollo Foundation knows the ability for a user to buy, sell, trade and send in absolute secrecy is vital in an industry that could be moments away from intense regulation. The Apollo team is here because they believe the only person or entity that should be in control of your funds is you.
Click here to view Apollo White Paper
Team
An impressive team with extensive experience and with proven experience and importantly, exits. View the full team here.
Our Opinion
Risk Score: 3
Target Price: $0.007
Maximum Supply: 21.1B
The team is accomplished and the project has potential. The downside is it operates in a crowded space but it does have the team to deliver. The valuation is significantly below its all time high and offers substantial upside for the patient investor.
GeoDB
Overview
GeoDB is a decentralized peer-to-peer big data sharing ecosystem.
Description
GeoDB is a decentralized peer-to-peer big data sharing ecosystem, which returns value to its creators, the users. GeoDB’s mission is to democratize the 260bn Big Data industry, building an open ecosystem in which to establish better and trusted relationships between market participants while giving back control and value to data generators, the users. GeoDB is using blockchain technology to eliminate intermediation in a huge industry and allow faster growth and adoption.
Click here to view GeoDB White Paper
Team
GEO boasts an experienced team of technology professionals that have demonstrated that they are credible by raising money through a crowdfunding round. See the full team here.
Our Opinion
Risk Score: 4
Target Price: $4.00
Maximum Supply: 300M
The team behind GEO recently completed a capital raising through Seedrs, raising GBP2.5M surpassing their target of GBP2M. The downside is there is a large maximum supply compared to the current circulation but we believe that is outweighed by the potential of the project and the team behind it.
Kryll
Overview
Kryll is your first intuitive platform to define powerful crypto trading strategies.
Description
Kryll is your first intuitive platform to define powerful crypto trading strategies through a simple drag n drop editor. Create automated winning strategies, benchmark them, share with the community, enjoy user-generated content.
Kryll is the ultimate platform for cryptocurrency traders looking to use the most advanced trading tools and strategies, as well as benefit from the community’s hive-mind to get the best returns within cryptocurrency markets.
The platform provides intuitive ways to create your own trading strategies that can be set to execute automatically. Through a What You See Is What You Trade™ interface you can design trading strategies making use of the industry’s most powerful tools and safely test them with backtesting and sandboxing.
Once your tools prove their worth you can set them to live-trade on your behalf, taking the right positions at the right time, as if you were following the markets 24/7.
On Kryll you can also rent out your very own winning strategies to help fellow traders be more successful. You will be rewarded with passive income for sharing your strategies.
Click here to view Kryll White Paper
Team
An accomplished team with a proven track record of success in both tech and entrepreneurial flair. Check out the full team here. https://kryll.io/team/
Our Opinion
Risk Score: 6
Target Price: $0.73
Maximum Supply: 49M
We believe that Kryll has a unique business model which could easily gain traction. We especially like the novel touch where traders can rent out their own strategies to help fellow traders be more successful. This allows traders to be rewarded with passive income for sharing their strategies on something that could scale quickly. Despite the large max. supply compared against to the coins in circulation the price does not take into account the quality of the team and the potential of this platform to scale.
Yield App
Overview
YLD, a licensed and regulated FinTech company, offers a mobile app and web platform designed to provide the easiest way to invest in DeFi using crypto or traditional currencies.
Description
YLD’s intuitive app and web platform enables users around the world to earn high returns from DeFi products without having to go through a lengthy, complex and often costly learning process. Operating under a banking license, YLD offers an insured investment fund managed by a team with years of experience in FinTech and cybersecurity. At the core of its strategy is the YLD token, which rewards community members and allows them to boost their APY.
Click here to view Yield App White Paper
Team
Both an experienced and accomplished project team benefiting from a team of quality advisors. See the full team here.
Our Opinion
Risk Score: 3
Target Price: $1.50
Maximum Supply: 300M
YLD is trading at close to it’s all time high of $1.29 however when you look at other similar platforms in the DeFi space this cryptocurrency is grossly undervalued. YLD’s platform is regulated and is aimed at the unsophisticated user which could make this an attractive bet on the eventual mass adoption of DeFi. With a limited maximum number of coins in circulation this is a good choice for any portfolio.
OIN Finance
Overview
DeFi platform providing liquidity mining and loans.
Description
OIN is described as being the first DeFi platform to provide liquidity mining and loans on Ontology, and ultimately on other top platforms through cross-chain functionality. The platform will build the bridge technology to seamlessly integrate Ethereum into its ecosystem, opening up to all of the current DeFi space. Cross-chain technology is crucial in DeFi and its growth as a legitimate financial infrastructure, after all, traditional finance also integrates the whole world, its currencies, and its different financial systems.
Click here to view OIN White Paper
Team
OIN has what appears to be a large dedicated team, check the full team out here.
Our Opinion
Risk Score: 9
Target Price: $1.10
Maximum Supply: 100M
This cryptocurrency suffers from the same problem as many others: lack of information on the team’s past achievements and a massive maximum supply of 100M compared to only 6.75M in circulation. But that probably explains OIN’s low market cap which we believe doesn’t reflect its potential, however this is a high risk high reward investment which should definitely be balanced with some lower risk opportunities.
Katalyo
Overview
Katalyo is a no-code digital transformation platform for building hybrid applications.
Description
Katalyo is a no-code cross-chain platform for building hybrid blockchain powered applications. With Katalyo individuals and organisations can build blockchain powered applications without writing a single line of code. On top of no-code features for building web based frontends, by using the Katalyo platform people can create tokens and NFTs, build DeFi applications and include smart contract execution in any part of the workflow. KTLYO is a utility token used to enable and consume services of the platform including NFT creation and cross-chain transfers.
Click here to view KTLYO White Paper
Team
KTLYO benefits from a solid well rounded team with significant corporate and tech experience. See the full team here.
Our Opinion
Risk Score: 8
Target Price: $0.85
Maximum Supply: 85M
KTLYO benefits from an accomplished team and operates in a lucrative space. Their low market cap is probably a result of the the disparity between the maximum supply of 85M and the current circulation of 13m however we believe investors can expect to see the price at least double over the short to medium term as the cryptocurrency gains exposure to the wider community.
Bird.Money
Overview
Bird.Money is an ERC20 token which acts as a non-custodial digital asset lending and borrowing platform.
Description
BIRD is an off-chain API interface for third party integration with other companies, developers and DeFi apps. Some of the features available include ETH account analytics POST and GET endpoints. Other features include account blacklist, Oracle integration with google search, on-chain and off-chain equity measurement, on-chain and off chain assets measurement will be released in the near future.
Initial features of the API would be free to organisations, developers and the whole community. After the BIRD sales, only customers with BIRD token will have access to the premium services such as Smart Contract Analytics. Smart Contract analytics will allow the community to gain unrivaled intelligence about a token or farm just by simply pasting the smart contract address.
Click here to view BIRD White Paper
Team
This is how BIRD describes their team, ‘The Bird nest comprises a global group of professionals that hold a high level of standard, not only for their work, but for the people around them and the community. Our team is fully committed to the Bird.Money vision, the concept and growth of decentralized finance, global inclusion and fairness throughout.’ They appear to have an experienced team who are more than capable of achieving their objectives. See the full team here.
Our Opinion
Risk Score: 4
Target Price: $700.00
Maximum Supply: 140,000
Bird is one of our top picks. It has a number of things going for it. Firstly it is an oracle similar to the popular Chainlink. An oracle integrates information from outside the blockchain. BIRD is focusing on credit scores for the DeFi space, a potentially useful and lucrative area. Bearing in mind that Chainlink is valued at over $10B BIRD is in our opinion grossly undervalued. It also has a maximum supply of only 140,000 with already 80,000 in circulation. This article will provide you with more of an insight into Bird’s USPs
TE-FOOD
Overview
Decentralized systems that manage the food supply chain allowing traceability of food stuff.
Description
TE-FOOD is a blockchain based farm-to-table food traceability solution. Its mission is to provide transparency in the food industry.
TE-FOOD aims to enable customers to improve consumer trust and brand exposure, gain deeper supply chain insight to improve their operational efficiency, comply with export regulations, protect their brands against counterfeiting, and perform quicker product recalls. As an end-to-end solution, TE-FOOD offers many components for the complete supply chain to identify tracked items and batches, capture the data, store it on blockchain, process the data, and present it to the consumers.
Launched in 2016, TE-FOOD reportedly serves over 6,000 business customers, and performs 400,000 business operations each day. The team claims food products tracked with TE-FOOD are available for more than 150 million consumers around the world.
TE-FOOD’s blockchain (the FoodChain) is a public permissioned blockchain, which enables both supply chain participants and the consumer community to maintain masternodes to decentralize traceability information.
TFD is an ERC20 token and operates on the Ethereum platform which represents a tokenized software licence, enabling users of TE-FOOD’s ecosystem to perform their activities. All individuals and organizations need to possess a certain number of TFD licence tokens to use TE-FOOD’s ecosystem.
Click here to view TE-FOOD White Paper
Team
An accomplished experienced team who have already gained adoption beyond the majority of other blockchain projects. See team here.
Our Opinion
Risk Score: 7
Target Price: $0.075
Maximum Supply: 1B
It has to be said there is a lot of talk and little action in the blockchain space. Huge potential but very few projects deliver. TONE is one project that has bucked that trend. It has established a niche in the food market and has on boarded over 6,000 business customers. We believe this reduces the risk of investing in TONE substantially and is a solid investment in any diversified cryptocurrency portfolio.
Bitcoin Plus
Overview
Similar to BTC but with a far lower supply.
Description
XBC is a cryptocurrency with a low start supply of 1 million coins. Bitcoin Plus coins are generated through a Proof-of-Stake at a rate of 20% per year. Little over 145,000 coins currently exist.
Click here to view XBC White Paper
Team
The small team behind XBC were drawn from the community headed by Yule Mills.
Our Opinion
Risk Score: 4
Target Price: $130.00
Maximum Supply: 1M
On the face of it this may look like a long shot but in reality it is less risky than many of the other ‘hot’ altcoins. It has a low maximum supply, a dedicated team and a loyal community that has formed around this project. With such a low market cap and 4 exchanges offering a market the downside is limited and the upside huge. You can read more about the project here.
Secure Cash
Overview
Cryptocurrency with a low supply, low transaction fees and 100% anonymity.
Description
Secure Cash (also known as Scash) is a reserve currency for the upcoming world economic crisis. In addition to making anonymous transactions like any other coin, secure coin is expected to be used as reserve currency, as well as gold.
Click here to view Secure Cash White Paper
Team
The team is led by a project manager and one developer. They received 15% in a pre-mine which is an incentive to make this project work especially considering SCSX’s low market cap.
Our Opinion
Risk Score: 10
Target Price: $5.00
Maximum Supply: 300,000
SCSX operates in a crowded space. The low supply and low fees are not a unique proposition by any means. The anonymity of the people behind the team is also a concern. But with all that said with such a low market cap this could be one to tuck away as a total moonshot. If this coin was valued at $1m we wouldn’t touch it with a barge pole but the low market cap makes this a gamble worth considering.
GROWTH DeFi
Overview
DeFi ecosystem on the Ethereum blockchain built to maximize yields from the top DeFi protocols.
Description
GROWTH’s purpose is creating an ecosystem where both GRO holders and gToken holders can benefit from the positive effects of compounded interest, high liquidity and a share of arbitrageurs profit without suffering from impermanent loss.
Click here to view GROWTH’s White Paper
Team
Check out the team in the link below. The two main people behind the projects are highly experienced and tech savvy, one holding a PHD in Computer Science from Yale.
Our Opinion
Risk Score: 8
Target Price: $100.00
Maximum Supply: 984,374
This project is active and according to their App has over $7m in Total Value Locked. That is not a bad start for a new project which hasn’t been subject to all the hype that some projects in the DeFi space have attracted. This article is a deep dive into the project which is worth a read to understand the full picture. In our opinion the market cap of GROWTH does not represent its current or future potential. We have scored GRO a 8 for risk as this is a crowded space however the difference is these guys are doing it and succeeding hence why we think this is a great coin to tuck away.
TosDis
Overview
The one stop DeFi interoperable solution powered with Liquid Staking.
Description
TosDis is a new DeFi project which combines the power of staking as a service and liquid staking for POS coins. In this way they are combining the best of both worlds — allowing crypto investors to stake their PoS digital assets via TosDis EasyStake. At the same time, they take care of the technical aspect of the staking process and the benefits of liquid staking. TosDis is bringing together Staking-as-a-Service and liquid staking to unlock more generous access to digital assets. It is a new word in the Proof-of-Stake algorithm’s improvement, allowing its users to use a platform-independent betting mechanism and increasing the liquidity of tokens.
Click here to view TosDis White Paper
Team
See here for more information
Our Opinion
Risk Score: 7
Target Price: $400.00
Maximum Supply: 99,986
This cryptocurrency looks attractive. It has developed and continues to develop new innovative solutions in the fast expanding DeFi space. That coupled with the low market cap and low maximum circulation makes this a good buying opportunity in our opinion. Take a read of this article to see the various developments since launch.
Governor DAO
Overview
Governor is a DAO that seeks to offer Governance-as-a-Service to new DAOs.
Description
Governor is a DAO that seeks to offer Governance-as-a-Service to new DAOs in order to ensure active and fair governance on day zero. GDAO is the governance token that grants voting rights and represents ownership of the project treasury.
Click here to view Governor DAO White Paper
Team
This is a community run project.
Our Opinion
Risk Score: 5
Target Price: $9.50
Maximum Supply: 3,000,000
The projects staking and mining solutions are live and slowly gaining traction. See their recent updates here. Also take a look at this link which gives you a better understanding of the project and why it is one to look at more closely. We have scored GDAO a 5 in terms of its risk because we believe the current price is far too low compared to where the project is now and its future potential to make in the DAO space.
Handshake
Overview
The Handshake project aims to create an alternative certificate authority and naming systems that is used for root Domain Name Server (DNS).
Description
Handshake is decentralized and permissionless, typically compared to The Internet Corporation for Assigned Names and Numbers (ICANN) which is centralized. As of now names that are used in top-level domain names such as .com, .net and social networking usernames are centrally managed by a central authority.
The Handshake Protocol consists of a node that anyone can participate permissionlessly to be part of a decentralized open naming platform. Handshake Coin (HNS) is the native currency in the protocol that allows the transfer, registration, and update of internet names. The aim of introducing a unit of currency is to counter spam where someone claims and registers all the possible names without any form of control.
Free and Open Source Software (FOSS) developers are allocated the majority of its initial coins. This is done by way of allocating HNS coins to Github users that meets the minimal requirement of open source activity.
Click here to view Handshakes White paper
Team
An exceptionally talented and experienced team. Founded by Joseph Poon (co-creator of Bitcoin’s Lightning Network and Plasma payment channels), Andrew Lee (CEO of Bitcoin payments gateway Purse), Christopher Jeffery (CTO of Purse and creator of Bitcoin node software Bcoin), Boyma Fahnbulleh (Bcoin developer), and Andrew Lee (Founder of VPN provider Private Internet Access).
Our Opinion
Risk Score: 3
Target Price: $1.50
Maximum Supply: 2.04B
This project is billed as an experiment by its team however the founders have raised $10 million from various high profile VCs including, a16z, Founders Fund, Polychain Capital, and Draper Associates. These investors combined to purchase 7.5% of the initial supply of HNS, valuing the Handshake network at $136 million. This combined with the exceptionally accomplished project team makes this a project worth serious consideration. If you believe that blockchain is the web of the future then gaining exposure to a cryptocurrency that is set to benefit from the expected demand for customized domain extensions is a bet worth taking.
VIBE
Overview
VIBE operates market places and hubs inside Augmented and Virtual Reality created on the Ethereum blockchain driven by the cryptocurrency VIBE.
Description
Creating next generation NFTs and developing new standards for gaming on the blockchain. Built for users and developers on the layer 2 solution VIBENet and powered by the VIBE token.
VIBE is a fully decentralized and immutable ERC-20 Token with a fixed token supply. VIBE is used for purchasing digital goods and services in the ecosystem. VIBE Ecosystem is powered by the VIBE token and the Layer-2 side chain solution VIBENet.
Click here to view VIBE News
White paper is not available
Team
Founded by Alessio Mack and Matthew Myers. The development team consists of 12 core members who are seasoned developers and marketing experts. It also has a quality assurance member, Renee Isaac.
Our Opinion
Risk Score: 9
Target Price: $0.250
Maximum Supply: 267m
VIBE is certainly in the right space — NFTs. However although it is obvious from its constant flow of news and developments that this project is carving itself a lucrative niche it doesn’t come without risk. We have scored VIBE a 9 in terms of risk as it is in a highly competitive market, saying that with its low market cap and the strong community this project in our opinion is a risk worth taking.
RARIBLE
Overview
Rarible is a creator-centric NFT marketplace and issuance platform. RARI is a governance token with a Marketplace Liquidity Mining program.
Description
Rarible brands itself as the world’s first “community-owned NFT marketplace”. Furthermore, Rarible leverages its RARI token — which, similarly, is the world’s first governance token in the NFT field — to power this community-run platform model. In giving users a token with governance powers, Rarible is borrowing a page from the DeFi playbook.
At its core, Rarible is a NFT (non-fungible token) platform for securing digital collectibles secured with blockchain technology. However, Rarible has a considerably more ambitious vision than merely becoming a platform for securing art and digital collectibles using blockchain.
Rarible represents a digital NTF platform with a particular focus on art assets. Specifically, Rarible includes a marketplace that allows users to trade various digital collectibles or NFTs, similar to OpenSea.
Users can also use Rarible to create — commonly known as “minting” NFTs, or non-fungible tokens. This is significant for various content creators. For example, an artist could sell their creations, such as books, music albums or movies, as NFTs.
Rarible is placing significant emphasis on creating an entirely autonomous platform, run through a community governance model. Moreover, Rarible is now shifting heavily towards becoming an actual Decentralized Autonomous Organization (DAO).
Click here to view more information on Rarible.
The white paper is not available
Team
Rarible is a company founded by Alex Salnikov and Alexei Falin and is based in Moscow. Salnikov has worked in cryptocurrency since 2013, while Falin previously co-founded a marketplace for digital stickers that can be used on chat platforms.
Our Opinion
Risk Score: 6
Target Price: $160.00
Maximum Supply: 25M
Rarible is an easy to use platform that has received a great deal of praise for its relatively simple and intuitive user interface. Its connection to Yearn Finance’s yInsure initiative is another promising development as Yearn Finance is one of the hottest names in DeFi. Rarible is a standout project in the NFT space and whilst the price of RARI has increased significantly in recent weeks we believe in the long term it has further to go.
View:
Moonshot Portfolio – February 2021
No Financial Advice
This article does not constitute financial advice in any way. Always do your own research and never invest more than you can afford to lose. The article should be treated as supplementary information to add to your existing knowledge.
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