Moonshot Portfolio May 2021
May’s Crypto Moonshot Portfolio
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This month’s portfolio has seen more action than usual. In order to maximize our returns we have been actively divesting (virtually of course) the cryptocurrencies that have reached their price targets or where we feel there is better value elsewhere. This month has seen five cryptocurrencies leave the portfolio.
As we alluded to in last week’s Micro Cap Watch List we have been looking at a way we can measure our performance. It is an irritation of ours that there is insufficient independent market data on the performance of small cap cryptocurrencies as a whole. After some research it became clear why there are very few indices that measure the performance at the bottom end of the market. The extreme volatility. It only takes one cryptocurrency to skew an index. Take a look at QuickSwap for example. It was down 50% in 7 days, that is enough to make any index meaningless.
Why is this important? We should all be accountable when it comes to measuring our own performance and the best way to do that is to measure our performance against the market.
So with that being said we have been experimenting with two indices; a small cap and a medium cap index of 30 cryptocurrencies which we are looking to launch in next month’s Moonshot Portfolio.
State of play
Let’s now focus on our current portfolio of twenty cryptocurrencies. The performers and the non performers, who are being culled and which new projects we have added.
Overall it was not a great month. The performance was up only 1%, whilst the portfolio is up 325% since its launch back in February.
This month’s top 3 performers were:
The months worst performers were:
Overall performance
Now let’s look at the overall performance of our portfolio:
This months developments
SYLO
The price of SYLO is up 35% this month and 805% since we first added it to our portfolio. We still consider SYLO a quality project worth buying considering its still modest market cap of $25 million (fully diluted $100 million).
This month SYLO announced that its currency is now listed on Bittrex Global. It has also been busy updating its Sylo Smart Wallet. Among the most notable changes is making its token SYLO listed by default. Other announcements included the ability to be able to stake SYLO on its app and an imminent token burn.
PLOT
The price of PLOT is up 15% this month and 243% since we first added it to our portfolio.
PLOT announced the launch of its v2 mainnet on May 14. This is a major development. With a market cap of $10.5 million (fully diluted $61 million) this is a very promising project which is still undervalued compared to competitors such as Augur.
Potcoin
The price of POT is down 29% this month and 12% since we first added it to our portfolio.
With a market cap of $8 million (fully diluted $15 million) POT in our opinion continues to be undervalued. POT is one of the last men standing in a once crowded market. This month it promised some very exciting announcements to come, we wait with baited breath.
GeoDB
The price of GeoDB is down 55% this month and 24% since we first added it to our portfolio.
Despite GEO being the worst performer in our portfolio last month it continued to sign new partnerships and is aiming to hit 1 million active GEO Token Wallets imminently. With a market cap of $11 million (fully diluted $195 million) this cryptocurrency represents good value in our opinion.
Kryll
The price of KRL is down 1% this month and up 64% since we first added it to our portfolio.
KRL released its trading metrics last month which showed that it had traded $240 million in strategies. We believe that its market value of $14 million (fully diluted $22 million) significantly undervalues this promising project.
Yield App
The price of YLD is up 19% this month and up 47% since we first added it to our portfolio.
YLD is one of the best DeFi projects out there. Since last month its funds under management rose by a healthy 46% to $146 million. With a market cap of $70 million (fully diluted $217 million) and with the project experiencing impressive growth this is a solid project with great potential.
Listen to our podcast Inside Track here where the founder of Yield App talks about his project and the cryptocurrency market in general and some of his favorite projects.
OIN Finance
The price of OIN is down 21% this month and down 28% since we first added it to our portfolio.
OIN is building on Near Protocol which will allow them to expand its offerings including issuing stablecoins, farming and staking. Although OIN has a high maximum token circulation with an implicit market cap of $70 million compared to $13 million now we still believe this is a promising project with solid fundamentals.
Listen to our podcast Inside Track here where the founder of OIN Finance talks about his project, the DeFi market and his favorite projects.
Bird.Money
The price of BIRD is up 24% this month and 44% since we first added it to our portfolio.
BIRD announced it was kicking off its marketing efforts ramping it up in the weeks and months ahead. It also announced its bridge to the Binance Smart Chain. We continue to believe this project is undervalued compared to its competitors. With a market cap of $16 million (fully diluted $26 million) BIRD represents a strong hold.
TE-Food
The price of TONE is up 63% this month and 457% since we first added it to our portfolio.
TE-FOOD is the world’s largest farm-to-table food traceability program. TONE is the basis of the tokenomics and, according to the team, is required for every transaction on the TrustChain. We continue to believe in the potential of this project however we are looking to virtually sell this token from our portfolio as we have had an exceptional run with it.
Growth DeFi
The price of GRO is down 20% this month and up 14% since we first added it to our portfolio.
GRO continues to build its platform. This month it announced a 150% APY by depositing GRO. It is also offering staking for holders of CAKE, WHEAT and AUTO. With a market cap of $11 million (fully diluted $17 million) this project looks grossly undervalued.
TosDis
The price of DIS is down 30% this month and up 1% since we first added it to our portfolio.
The all in one DeFi platform, which is building an interoperable solution, launched its new website this month also announcing the launch of their launchpad. With a market value of $6.5 million (fully diluted $13 million) this is another project that continues to be neglected by the community.
Governor DAO
The price of GDAO is up 13% this month and 39% since we first added it to our portfolio.
GDAO is another cryptocurrency which we believe is substantially undervalued. This month they announced a strategic partnership with the blockchain smartphone operator Finnovant. We are fans of the Governance as a Service space and can see GDAO carving a lucrative niche. With a market value of $2.5 million (fully diluted $6.5 million) we are still holders of this cryptocurrency.
Handshake
The price of HNS is down 16% this month and up 107% since we first added it to our portfolio.
The market has started to realize HNS potential as the team continues to develop its project. We believe that with a fully diluted market cap of $1.3 billion this is a cryptocurrency that is close to being fully valued. We have decided to virtually cash in this cryptocurrency despite it still offering value.
Listen to our podcast Inside Track here where Mark Smith from Handshake talks about this project, the cryptocurrency market in general and some of his favorite projects.
VIBE
The price of VIBE is down 33% this month and 16% since we added it to our portfolio.
Despite VIBE’s weak price it is continuing to develop its presence in the NFT market. It announced its integration with OpenSea, the leading NFT marketplace, and the mainnet launch of VIBERVERSE. With a market cap of $6.5 million (fully diluted $34 million) we believe that VIBE offers good value for investors.
Rarible
The price of RARI is down 37% and down 46% since we first added it to our portfolio.
RARI was the first governance token in the NFT space. RARI market cap sits at $62 million market value (fully diluted $406 million) It is a quality project in a crowded space. We believe a fully diluted market value of over $1 billion is more than achievable.
StrongBlock
The price of STRONG is down 8% since we added it to the portfolio last month.
Although there is competition emerging STRONG is a leading player in the nodes as a service space. With a market cap of $22 million (fully diluted $75 million) this month STRONG announced 25,000 nodes and that it was in discussion with 12 protocols to implement its service.
Hybrix
The price of HY is up 58% since we added it to our portfolio last month.
We do believe this project has further to run and is a solid project however we have decided to cash in early on Hybrix.
Listen to our podcast Inside Track here where Hybrix talks about their project and the cryptocurrency market in general and some of his favorite projects.
Tidal Finance
The price of HY is down 21% since we added it to our portfolio last month.
Tidal, the smart contract cover marketplace, announced that their testnet program was 66% complete. With a market cap of $14 million (fully diluted $320 million) we believe Tidal offers good value when you look at its largest competitor Nexus which commands a market value of $1 billion. Although there are risks including its high fully diluted market cap and its early stage.
Polkastarter
The price of HY is down 17% since we added it to our portfolio last month.
With a market cap of $199 million (fully diluted $295 million) POLS is one of the leaders in the IDO launchpad space. It is also looking to diversify into other lucrative areas such as DeFi cover and with its massive user base looks significantly undervalued when compared to other successful DeFi platforms.
Cryptocurrencies being added
Alpaca Finance (ALPACA)
Overview
Alpaca Finance is the first leveraged yield farming protocol on Binance Smart Chain
Description
ALPACA was a fair launch project with no pre-sale, no investors, and no pre-mine. Their protocol allows users to open a leveraged yield farming position by borrowing from their deposit vaults.
Pioneered by Compound during the DeFi Summer, yield farming has become a popular way for projects to bootstrap their liquidity and acquire new users. Alpaca Finance has expanded on the success of these early entrants by providing value to the BSC community through leveraged yield farming.
Click here to view more information
Team
Check out the team here.
Our Opinion
Risk Score: 4
Target Price: $10
Maximum Supply: 102,393,251
Alpaca despite being a new project is one of the true gems amongst our selection of moonshots. With a TVL of over $2 billion and a fully diluted market cap of $284 million this is a project that deserves a re-rating. Based on a ratio of market value/TVL of 0.5 that would suggest a price of $10 not a million miles away from its ATH of $8.78.
PancakeBunny (BUNNY)
Overview
PancakeBunny is a decentralized finance yield aggregator and optimizer which is used for PancakeSwap.
Description
The PancakeBunny protocol gives farmers the opportunity to multiply their tokens.
Farmers at PancakeBunny get permission from private individuals for automatic summation and reinvestment of yield on their behalf through mono-contracts. Users can farm on their own, but doing so involves a complex process of determining the optimal frequency and time at which to increase and reinvest profitability. With PancakeBunny users can delegate this process. The actual farming takes place on PancakeSwap.
The primary goal of the platform is to support the DeFi ecosystem by providing users with an easy way to automatically increase their profitability on Binance Smart Chain.
PancakeBunny is being built by a group of anonymous developers who claim that their “code [speaks] for itself.”
PancakeBunny is developed in cooperation with PancakeSwap.
Owners of BUNNY tokens control the ecosystem of PancakeBunny and receive most of the profits from farming rewards. BUNNY holders place their tokens in the management pool to claim the profit, which is sent to the pool in the form of Binance Coin (BNB) rewards. The share of profit received by a participant is proportionate to the size of their BUNNY stake: the more tokens you stake, the higher your impact on the ecosystem.
MOUND the company behind PancakeBunny recently raised $1.6 million in seed funding led by Binance Labs. Other participants included IDEO CoLab, SparkLabs Korea and Handshake co-founder Andrew Lee.
Pancake Bunny now has more than 30,000 daily average users, and has accumulated more than $7 billion in total value locked (TVL) since its launch in December 2020.
Click here to view more information
Team
Check out the team here.
Our Opinion
Risk Score: 7
Target Price: $2,833
Maximum Supply: 1,455,202
Like most of our selection of moonshots in this article PancakeBunny has experienced astounding growth in a short period of time. Having amassed $7 billion in TVL is some achievement. When comparing its fully diluted market cap of $462 million with its TVL there is a significant disparity. Even based on a reasonably conservative ratio of market value/TVL of 0.5 that produces a target price of $2,833. The major risk is its reliance on Pancakeswap however it is looking to diversify into other areas which should reduce this dependence. However you spin it, PancakeBunny is significantly undervalued based on its current position.
Opacity Storage (OPCT)
Overview
Opacity is a cloud storage provider with one major difference, privacy.
Description
With the rise of digital property, many people have increasingly become concerned with the security and privacy of materials stored with cloud storage companies such as Dropbox, Google, and others. Small businesses, individuals, and enterprises want to keep their data private.
Opacity protects people’s basic rights and provides private cloud storage to anyone through its Opacity token, OPCT. The token can be purchased on a crypto exchange and then used to purchase data storage plans that are completely private, and can only be accessed by the purchaser with the private key.
Unlike other service providers, Opacity does not require personal identification information. Opacity stores no information on its users, and allows people to store private information, such as company secrets, intellectual property, personal photographs, legal documents, and family moments, with assurance that personal data stays personal.
Click here to view more information here.
Team
Check out the team here.
Our Opinion
Risk Score: 7
Target Price: $1.10
Maximum Supply: 130,000,000
Opacity has an experienced team led by Jason Coppola who has previously worked at Microsoft, Paypal and Salesforce. We believe Opacity is a well thought out project that has the potential to carve a significant share of this market. Based on the valuations of both MaidSafeCoin and 0chain which command market caps of $362 million and $483 million respectively and are yet to launch we believe Opacity is significantly undervalued. We have set a price target of $1.10 in the short term which we believe more closely reflects its potential.
Listen to our podcast Inside Track here where Opacity talks about their project, the decentralized storage space and the cryptocurrency market in general including some of their favorite projects.
Candela Coin (CLA)
Overview
Provision of solar energy through decentralized p2p energy transfer.
Description
Candela Coin’s vision is to create decentralized solar energy all across the world by cutting out the middleman — the power companies. They have created IoT hardware and software for seamless peer-to-peer energy transfer. By using blockchain technology this enables owners of solar panels to sell their generated energy to other users, bringing in the best returns possible for their solar energy and the cheapest green energy on the market. People across the globe will be able to transfer solar energy to others in their communities using Candela Coin as a medium of exchange.
Their decentralized system does not rely on the existing power grid infrastructure. In the event of inclement weather, power outages, or down power lines, decentralized solar power will still be able to be generated and provide electricity to the community. Candela is the impetus for the democratization of energy.
Click here to view the Whitepaper
Team
Candela’s core team brings a diversity of skill sets, ranging from hardware development to utility design, technical standards setting, marketing strategy and policy advocacy. Check out the team here.
Our Opinion
Risk Score: 10
Target Price: N/A
Maximum Supply: 125,000,000
Candela Coin is our long shot selection. There is one area of the crypto market that is yet to experience a boom — energy. Some crypto projects have tried and failed. Power Ledger being one such example. Power Ledger hasn’t been able to get the traction needed to make an impact. There are many theories as to why but many blame it on their willingness to work with the power company monopolies and not the people in the communities. Unlike Power Ledger’s b2b approach, Candela has taken an alternative path. They are targeting individual households, initially through a partnership with a panel manufacturer. Their business model allows householders to sell their excess energy to other householders in exchange for their native currency CLA. The beauty of their plan is that it allows households who do not have a solar installation to still buy green energy. That is a major selling point for Candela’s solution.
Now let’s look at the numbers. There are in fact two coins, a BEP-20 and an ERC-20. They both have the same tokenomics. It is worth checking out the two prices to see where you can obtain the best deal. At the time of writing the best price can be obtained by buying the ERC-20 token.
Based on CLA’s ERC-20 token the fully diluted market cap is only $146,000 with limited volume. Compare that to Power Ledger which has a fully diluted market value of $456 million. Admittedly Candola is new to the party and is yet to prove their model. The reality is this is going to be a hot space — the big question is whether Candela has the ability to execute. If they get it right you will probably not have enough zeros on your calculator to calculate your profits!
Listen to the founder of Candela Coin on our podcast series Inside Track here.
Portfolio Selection — May 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 project’s 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: $0.02
Maximum Supply: 10B
With a market cap of $26 million we believe SYLO is still undervalued and have raised our price target to $0.02 from $0.01. 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 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 hours, 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 here.
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 $5 million of value locked (i.e. money currently committed to positions on its platform), Augur’s valuation of $288 million is obviously based on its potential. PLOT’s value is under 20% of Augur’s (based on fully diluted). That discount looks excessive to us. There are four exchanges that 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 Potcoin 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 was 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.
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 https://geodb.com/team
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.
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 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 enable 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 has a market value of $70 million (fully diluted $216 million) which 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. YLD 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: a massive maximum token supply, with a total supply of 100M compared to only 6.75M in circulation. That all probably goes some way to explaining OIN’s low market cap which we believe doesn’t reflect its full potential, however, this is a high-risk high reward investment which should definitely be balanced with some lower-risk opportunities.
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 tokens 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 $50 billion (fully diluted) BIRD is, in our opinion, grossly undervalued. It also has a maximum supply of only 140,000, with already 80,000 in circulation and has an aggressive burning program.
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 Ph.D. in Computer Science from Yale.
Our Opinion
Risk Score: 8
Target Price: $100.00
Maximum Supply: 984,374
According to GRO’s App it 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. In our opinion, the market cap of GROWTH does not represent its current or future potential. We have scored GRO an 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. This article here is a deep dive into the project which is worth a read to understand the full picture.
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
DIS 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 the article here 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. 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 potential in the lucrative DAO space. 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.
VIBE
Overview
VIBE operates marketplaces 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.
White Paper is not available — click here for news
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 into 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 an 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).
The White Paper is not available — see this informative blog here.
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 months, we believe in the long term it has further to go.
StrongBlock
Overview
StrongBlock is the first and only blockchain-agnostic protocol to reward nodes for supporting the infrastructure of their blockchain.
Description
STRONG believes it is important to incentivize nodes because with limited resources and no financial incentive many nodes run out-of-date software, maintain incomplete blockchain histories and are intermittently off-line. To solve this, StrongBlock has made it possible for anyone to create a node in seconds and receive STRONG token rewards every day.
They call this “Nodes as a Service”. This allows anyone to create a Full Ethereum node in a few seconds with no technical expertise.
Since the launch of the StrongBlock DeFi node protocol, over 350 nodes have been registered. The total number of nodes number nearly 15,000. STRONG recently announced a tie up with leading DeFi platform Maker DAO, a major endorsement of STRONG’s business model.
According to STRONG each Node earns $20 per day, some people have multiple nodes. That makes this an attractive way of making passive income for anyone with a PC and some IT knowledge which is a definite formula for massive growth.
White Paper
There is no formal white paper. View more information here.
Team
The project is led by an accomplished and experienced team. You can view the team here.
Our Opinion
Target Price: $500
Risk Score: 6
Max circulation: 528,886
STRONG has a market cap of $22 million, with a price of $167. That compares to a high of $321. The token has a maximum supply of 535,000. The price has increased over 1,200% since January which under normal circumstances would be a complete turn off but we believe that the news of the partnership with DAO Maker, its modest market cap and limited supply makes this an exceptional opportunity which justified a risk rating of 6 with a price target of $500. A projected market cap of $70m (fully diluted $260 million) still represents good value in our opinion.
Tidal Finance
Overview
TIDAL is an insurance market built upon Polkadot that allows users to create custom insurance pools for one or more assets.
Description
Tidal will help users buy and sell insurance against decentralized finance protocols. The buying part is self-explanatory. As for sellers, they will have to provide liquidity for DeFi protocols they want to back and will receive Tidal tokens in return.
Tidal will charge a small percentage of transaction fees from cover sellers. Tidal combines different protocols into coverage pools to allow liquidity providers (LPs) to stake their capital to provide coverage on multiple protocols at the same time. These pools are assembled to offer LPs the ability to leverage their capital while mitigating the risks. Risks are reduced by combining protocols with low correlation and by limiting the duration of each coverage cycle. This approach provides LPs the ability to generate above-average returns while offering coverage seekers highly competitive pricing.
Tidal has said it has partnered with over 20 DeFi protocols to bring coverage for its users. Some of these protocols include bZx, Reef Finance, Equilibrium, StakeDAO, and others.
Tidal also plans to launch an insurance product for different proof-of-stake protocols, including Ethereum 2.0.
Tidal Finance recently raised $1.95 million in a private token sale round backed by Hypersphere Ventures, the venture firm co-founded by Polkadot co-founder Robert Habermeier, as well as Spartan Capital, Kenetic Capital, and QCP Capital.
Tidal is looking to launch its protocol in mid-April.
Team
The Tidal project team is both accomplished and experienced. As you will see from their LinkedIn profiles this is the perfect team to be leading a project of this quality.
Click here to view Tidal’s White Paper:
Our Opinion
Target Price: $0.25
Risk Score: 5
Max circulation: 19,838,000,000
Despite not having a live platform, Tidal is treading a path already followed by the relative giant Nexus Mutual — market cap $1 billion. Its management team is top tier, and the project is backed by leading VCs. That reduces the risk somewhat and justifies a risk score of 5. We have set a price target of $0.25. With the launch of its mainnet imminent, now would be a good time to start your own due diligence on this one.The biggest risk overhanging this project is its huge maximum token circulation.
Polkastarter (POLS)
Overview
Polkastarter is a blockchain platform designed to provide an easy to use launchpad for cross-chain token pools and auctions. It is most commonly used by early-stage blockchain projects that want to raise capital and easily distribute their tokens at the same time.
Description
Through Polkastarter, blockchain projects can easily create their own cross-chain swap pools, which allow them to securely raise funds, while users can invest without risks, since swaps are automatically executed by smart contracts.
POLS is the native utility token of the Polkastarter platform and plays a number of roles in its ecosystem, being used for liquidity mining, governance, paying transaction fees, and gaining eligibility to participate in POLS-holder only pools.
Polkastarter’s main offering is its fixed swap smart contract, which allows projects to easily launch liquidity pools that execute orders at a fixed price — rather than using the AMM model made popular by Uniswap.
The platform is designed to handle a range of auction types, including sealed-bid and dutch auctions, as well as both fixed and dynamic ratio swaps. This makes it suitable for cryptocurrency projects looking to raise funds, as well as a variety of other use-cases, including private trades, OTC deals, and discounted sales.
Beyond this, other key features of the platform include permissionless listings, anti-scam capabilities, full KYC integration and liquidity mining.
The platform first went live in December 2020, and has quickly grown to become one of the most commonly used platforms for initial DEX offerings (IDOs).
Team
Polkastarter features an executive team with over three decades of combined experience in tech firms. It was co-founded by Daniel Stockhaus and Tiago Martins, who currently hold the roles of CEO and CTO at Polkastarter respectively.
Daniel Stockhaus is a serial entrepreneur credited with co-founding a highly successful e-commerce firm known as LiGo, as well as the digital growth agency Oliphant Ltd. Prior to this, he worked as a digital media designer for Fitch, and graduated with a bachelor’s degree in communication and media studies.
Tiago Martins, on the other hand, is a former professor of computer science and an experienced developer with expertise in online education and product development. He is also the co-founder of Codeplace, an online platform that teaches the fundamentals of web development.
Click here to view Polkastarter’s White Paper:
Our Opinion
Target Price: $12
Risk Score: 4
Max circulation: 100,000,000
Having already established a strong user base, Polkastarter is one of the leading lights in the decentralized launchpad space. It is looking to use its credibility and large investor base to diversify into other areas — the first one being DeFi insurance. This is probably a billion dollar plus platform when you compare it to its rivals in the space such as PancakeSwap and Uniswap. We have set a risk score of 4 and a price target of $12.
View Previous Portfolio’s:
Moonshot Portfolio – April 2021
Moonshot Portfolio – March 2021
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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