MOONSHOT PORTFOLIO – MAY 2022
May’s Crypto Moonshot Portfolio
A diversified portfolio of potential crypto moonshots
The crypto market is down a whopping 28% in the last month. The bear market is far from over! However whilst the market was down our portfolio was up by 47%. Yes, that was a surprise to us also. However it goes to show the power of the portfolio.
Whilst everyone of our selections were down our star performer, Digital Fitness, was up a massive 733%. However we are not resting on our laurels. We were guilty of holding onto STRONG for far too long, a project we knew was a little too good to be true. But as the saying goes, you only need one or two winners to make phenomenal returns. That is exactly what we are seeing here as many of the long shot projects languish at the bottom of the pool.
What are we excited about?
Some say there is not much to be excited about. But we disagree. There continues to be value in our portfolio as demonstrated by the recent massive increase in token price of fitness app DEFIT. There are bound to be other hidden gems within our portfolio. Many of the portfolio sits at close to 90% off their ATHs and thus represent a decent buying opportunity on price weakness. Let’s be frank, no one knows when this bear market is going to end but that is precisely why you should buy your favorite tokens in small increments as the price continues to fall, circumstances and risk tolerance dependent.
State of play
We exited two tokens from our portfolio, Energy Ledger and Rarible. Energy Ledger suffered an exploit which decimated the price and arguably its prospects. Rarible is operating in a highly competitive market place which is only going to intensify. That and its high valuation compared to its competitors makes its token a sell.
We also exited 90% of our holding in Digital Fitness. We are following our own motto, ‘Take profits!’
The portfolio was up 46.8% for the month and up 236% since inception in February 2021. This was all down to the outstanding performance of DEFIT.
This month’s only winner was:
The months worst performers were:
- Energy Ledger -100%
- STRONG -83%
- Lunch Money -72%
- Rarible -53%
Now let’s look at the overall performance of our portfolio:
This month’s developments
Despite Strong seeing its network of nodes grow to 540,000, a 24% increase in the last 60 days, the value of its token has plummeted. The sustainability of its model is a major question mark over the project. We are still kicking ourselves for not selling when the price was around $1,200, now it languishes at $19. We are holders at this level but definitely not buyers.
The business review platform still hasn’t launched V2 of its platform however we have decided to keep it as the valuation is so low. We are not buyers only holders.
Listen to our podcast Inside Track here where the co-founder of Lunch Money talks about his project, the gig economy and why Lunch Money is the way forward in the future of review sites.
Rentible finally launched the beta version of its platform. Constant delays means they no longer have this market to themselves with other projects building similar platforms. Rentible is talking about building a market for virtual land owners to be able to rent out their NFTs, an interesting market but where competition is also heating up, We are not buyers of Rentible only holders.
CertiK suffers from the same problems many high profile crypto projects suffer. Utility. Much of the income earned by CertiK goes to the company behind it rather than token holders. CertiK is a strong brand in the crypto space which makes it good value for now.
Yield App is a quality platform with over $500 million in managed assets and 78,000 investors. With the market cap 85% below its ATH this is a long term hold and is one to consider buying on weakness.
Before the market correction Bistroo’s market cap stubbornly sat at $20 million. It is now down to $2.7 million after an exploit of its staking smart contract. Bistroo in our opinion represents a great buying opportunity especially now the price has come down significantly from its ATH, sitting 90% below this level.
Catchy has been busy developing its offering to its growing user base. It started with a very valuable multi chain wallet tracker and has since launched a Whale bot and Sniper bot. With its market cap languishing under $200,000 this project continues to be massively undervalued in our opinion.
Sylo announced it was looking to make its platform the communication foundation of the metaverse. To that extent it has formed a number of partnerships to achieve this objective. Only a month ago the fully diluted market cap was at a juicy $60 million, that figure now stands at $34 million, 75% off its ATH. Now might be a good time to buy on weakness. We increased the risk score from 5 to 7.
This is another quality project that looks undervalued with the recent sell off. With a fully diluted market cap of $36 million, 84% off its ATH, and with strong trading volumes that have surpassed some $3.5 billion this is a project worth accumulating on weakness.
The blockchain data storage space is going to take off. The question is when and who will be the winners. File Coin will undoubtedly be one winner. Opacity is one of the smaller players in the market with a working product. With a market value of only $14 million it is well worth holding.
The DeFi insurance platform continues to grow albeit from a low base. Its fully diluted market cap is a juicy $50 million with only $2.5 million of TVL. However they are in this for the long haul continuing to introduce new products including its recent insurance cover for Terra’s stable coin UST.
One of the original move-to-earn players DEFIT was our biggest winner this month. With attention focused on STEPN (GMT) investors were looking for other players in this exciting space and stumbled upon DEFIT. We sold 90% of our holding at 0.25.
Moonshot Portfolio May 2022
Multi chain wallet tracker.
Catchy is focused on making crypto tracking simple and accessible. The project has already developed the first multichain Telegram wallet tracker. Holders of the token will eventually have access to premium features in all of their crypto tracking tools.
The team’s vision extends beyond what is currently offered. They intend to expand Catchy Wallet Bot’s utility to include more appealing visual designs, intuitive analytics, and other chains.
Click here to view Catchy White Paper
Catchy recently revealed its founder to the crypto community. An experienced tech entrepreneur who has lofty ambitions for this project.
Risk Score: 9
Target Price: $0.047
Maximum Supply: 104 million
What we like about Catchy’s tracker is that it is simple to download and provides real time values covering both Ethereum and Binance Smart Chain wallets. Once you start using it you can’t stop, hence the name.
Their next product in development is something called a sniper bot. This allows you to add the contract address of the token you are interested in and then receive instant notifications as soon as that token starts trading on platforms like Pancakeswap.
Catchy launched its tracker wallet in mid October and has already amassed over one thousand users. It is in the process of negotiating partnerships which will allow them to further expand their user base.
This is a rare opportunity to get in early in a project that promises to be widely used by the crypto community.
Decentralized data exchange. Operator of the SYLO smart wallet, which has over 250,000 users.
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 decentralized confidential communication as a utility to all connected-apps within the Sylo ecosystem. Powered by blockchain and combined with other decentralized 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 decentralized Sylo DApp will be the 1st application built on the blockchain-based Sylo Protocol, using technology already commercialized in the Sylo App that’s currently used by thousands globally, available on Apple Store and Google Play Store.
Sylo is a decentralized 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 hereto view Sylo White Paper
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.’
Risk Score: 7
Target Price: $0.02
Maximum Supply: 10B
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.
Kryll is your first intuitive platform to define powerful crypto trading strategies.
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, and 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
An accomplished team with a proven track record of success in both tech and entrepreneurial flair. Check out the full team here.
Risk Score: 6
Target Price: $0.73
Maximum Supply: 49M
We believe that Kryll has a unique business model which continues to 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. The most significant risk is its sensitivity to market volatility particularly in a downturn in market sentiment.
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.
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
Both an experienced and accomplished project team benefiting from a team of quality advisors. See the full team here
Risk Score: 3
Target Price: $1.50
Maximum Supply: 300M
When you compare YLD to other similar platforms in the DeFi space it appears 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.
Strong is a blockchain based protocol which rewards nodes for supporting the infrastructure of their blockchain.
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, Strong 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.
Each Node earns 0.09 STRONG 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.
There is no formal white paper, however this link provides a valuable insight.
The project is led by an accomplished and experienced team. You can view the team here
Target Price: $500
Risk Score: 6
Max circulation: 528,886
Although there is competition emerging, STRONG is a leading player in the nodes as a service space. Although we are not fans of its tokenomics and have question marks over its sustainability.
Opacity is a cloud storage provider with one major difference, privacy.
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 hereto view more information
Check out the teamhere
Risk Score: 7
Target Price: $1.10
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 we believe Opacity is good value.
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.
A cross-chain Protocol with security scoring and decentralized reimbursements for building secure dApps.
CertiK is a pioneering blockchain security firm that uses a cross-chain protocol with security scoring and decentralized reimbursements for building secure dApps.
Blockchain projects can receive security insights from its Security Oracle, which provides real-time guards of on-chain transactions and identifying and flagging a wide range of malicious vulnerabilities before they occur.
Depending on the level of the security score, audited blockchain projects of any protocol may be eligible for a CertiKShield membership, which is a flexible, decentralized reimbursement system for any crypto asset that is irretrievably lost or stolen due to security issues. CertiKShield memberships are open to all community members of these eligible blockchain projects, providing a safety net to holders of crypto assets in case anything unexpected happens.
Click here to view CertiK White Paper
CertiK has the advantage of an exceptionally experienced team. You can view the team here
Risk Score: 6
Target Price: $5.00
Maximum Supply: 100,183,153
CertiK has been at the forefront of crypto investor interest after auditing popular projects such as the controversial memecoin SafeMoon. CertiK and Quantstamp are the two leaders in this field, although Quantstamp focuses more on non DeFi projects.
We analyzed the crypto insurance space in a previous report highlighting its massive potential and the key players. CertiK is in a prime position to build a significant share of this market competing directly with the likes of Nexus Mutual, its largest player.
Our main concern is the fact that tokenholders don’t benefit from its consultancy and auditing business.
Haven is an untraceable cryptocurrency with a mix of standard market pricing and stable fiat value storage.
Haven has a built in on-chain smart contract that controls the minting and burning of coins to facilitate value for users that choose to send their coins to offshore storage contracts.
Sending Haven to offshore storage or burning records a reference on the blockchain to the current fiat value which can be restored later back into Haven by minting new coins to the tune of the current fiat value.
Haven uses ring signatures, ring confidential transactions and stealth addresses meaning payments cannot be tracked or linked back to any user. Wallet addresses and transaction amounts are completely obfuscated on the Haven blockchain making all activity invisible.
Click here to view Haven White Paper
The team is anonymous.
Risk Score: 7
Target Price: $27
Maximum Supply: 18,400.000
We believe Haven offers a novel solution to the user looking for privacy combined with stability.
Haven definitely has a unique solution to the privacy problem and is a hybrid of the typical privacy coin with its storage function.
The first Decentralized Reinsurance platform.
Reinsurance is also known as insurance for insurance companies. Reinsurance is the practice whereby insurers transfer portions of their risk portfolios to other parties to reduce the likelihood of having to pay a large obligation resulting from an insurance claim.
The option to trade in this highly profitable market is currently controlled by a few large corporations — Uno Re is a first-of-its-kind platform, allowing the average user to reap the rewards of trading and investing in this risk.
Click hereto view Uno Re White Paper
An experienced and technically capable team. You can view the team here
Risk Score: 8
Target Price: $1.00
Maximum Supply: 384,649,206
UNO is the first decentralized reinsurance platform. We have been followers of the crypto insurance market for some time as most of you know. However, a few months ago we predicted it would be the next big thing in cryptocurrency. What we hadn’t anticipated was how many new insurance based projects would enter the market. The good thing about UNO is that many of these new entrants are using UNO to offset some of their risk putting them in a unique position in a competitive space. The DeFi insurance market is set to grow exponentially and projects like UNO are in a prime position to benefit. The big question is when this growth will materialize making this a long term hold.
Mysterium is building a decentralized P2P VPN and other tools that allow users to browse the internet freely, earn by sharing connections and build censorship-resistant applications.
Mysterium Network is building the world’s largest P2P network to power Web 3 privacy applications. An open source, Swiss-based company founded in 2017, Mysterium is rewiring the internet so it’s secure, free and accessible for all. Mysterium held a token sale through which it raised $18 million USD.
The network is transparent and permission-less by default, made up of layered VPN protocols, blockchain and smart contracts. It lays the groundwork for all kinds of next-gen services to be built on top of it, including Mysterium’s flagship product, the decentralized VPN app.
This dVPN plugs into Mysterium’s global network of residential nodes, one of the fastest growing online communities decentralizing the web. This open marketplace allows anyone to become a node and rent their unused bandwidth and IP address to those in need. Individual users can choose from providers located all around the world, allowing them to unblock content, and making them resistant to logging, surveillance and cybercrime. Users pay nodes for providing VPN services in MYST, the network’s native token and reserve currency.
Click here to view Mysterium White Paper
Although there is limited information available on the team it does appear they are more than capable of achieving their goals having already raised significant funds and grown to 1,100 nodes in 409 countries in relatively short order. You can view the full line up here
Risk Score: 7
Target Price: $3.00
Maximum Supply: 32,433,365
Mystereum provides an alternative and arguably superior product to the popular VPN. It allows users to pay as they go, whilst node operators are paid to participate. This is a perfect use case for blockchain technology, providing an alternative to VPNs which are centrally controlled, owned and operated.
Rentible is a solution bringing decentralized Proptech to the masses. Rentible enables tenants and landlords to conveniently send and receive rental payments in cryptocurrencies.
Rentible seeks to position itself as a first-mover in this niche and to advance the move towards a decentralized proptech-economy. Its platform is in development.
Click here to view Rentible’s White Paper
Founded by a team of seasoned Proptech entrepreneurs and blockchain experts. View the team here .
Risk Score: 10
Target Price: $7.00
Maximum Supply: 3.5M
Similar to Energy Ledger you have to take the rough with the smooth. The smooth is the high reward available if this project gains traction, the risks include among others poor liquidity and poor execution. The worrying thing about this project is the constant delays of its platform hence the current price weakness.
Lunch Money describes itself as a universal loyalty rewards program aimed at improving customer service through anonymous customer oversights and incentives. Restaurant customers and restaurant delivery service customers can simply earn Lunch Money by providing real feedback on their service experience.
Lunch Money aims to implement the use of blockchain and cryptocurrency into everyday life through strategic partnerships with existing technologies including video games, POS terminals, ATMs, digital and paper wallets, Credit Cards, online payment services, and eCommerce platform providers. It is already incorporated within 150 vending machines which have been programmed to accept cryptocurrencies.
Lunch Money is an Ethereum based ERC20 token sharing all of the benefits of compatibility with Ethereum based apps such as Uniswap, Bancor and 1inch exchange. Lunch Money has been integrated into over 25 different wallets including MEW, Incognito, Trust Wallet, Trezor, Ellipal, Zelcore, Infinito, and Enjin Wallet.
To date, Lunch Money has formed strategic partnerships with IvendPay, PolisPay, Origin Protocol, Blockfolio Signals, Block Card, and Fowler Electronics, the developer of the TheCryptoBill.Com paper wallets.
Click here to view Lunch Money White Paper
A committed and dedicated team with a background in tech and blockchain. You can view the team here.
Risk Score: 8
Target Price: N/A
Maximum Supply: 189,000
Lunch Money has been around now but the project is far from dead. The team has been quietly beavering away. Amazingly it is one of the few crypto projects who registered their token with the US’s Securities Exchange Commission exempting it as a security.
The big question we have to ask is what have these guys been doing for the last few years because the platform has not gained any major traction. The major reason for this is their focus on building and upgrading their platform and getting the fundamentals right.
World’s first food token and competitor of deliveroo or takeaway.
Takeaway platforms have made it easy to enjoy our favourite meals, but they’ve made life tough for the restaurants we love.
Current platforms demand that restaurants pay disproportionate fees, while dictating control over data, pay-out, client relations, loyalty and contact. It results in higher costs for consumers and restaurants.
Bistroo puts an end to this, by providing a platform where businesses are back in control.
Offering better user experience, lower transaction costs and a fairer infrastructure Bistroo. provides the tools, insights and support to facilitate direct-2-consumer relationships for merchants.
Merchants are in full control of their payments, product selection, orders, advertising, and analytics. They can speak directly with their customers and are paid out instantly when orders are received.
Click hereto view Bistroo White Paper
A committed and experienced team who are rolling the product out prudently. You can view the team here.
Risk Score: 8
Target Price: N/A
Maximum Supply: 100,000,000
Bistro operational product launched in March 2020 within the Netherlands and has quickly built over 20k active and recurring users, generating 250k USD platform turnover monthly. Expansion internationally is on the horizon, with entry into the Belgium market planned for 2022.
Since the pandemic when food delivery really took off it became more apparent that restaurants are dissatisfied with the current arrangement where companies like Deliveroo and Uber eats take a significant percentage from the total order value. — 20% in the case of Uber eats. Some US cities are introducing caps to this fee. Decentralizing delivery, putting the restaurant in control whilst owning its own customers is the way forward. Bistroo is the most advanced blockchain solution so far. There are two big risks. Poor execution and another blockchain operator with bigger resources taking a more gun hoe approach, building faster and bigger than Bistroo’s more prudent approach. We believe Bistroo shows great potential.
Next generation of digital fitness through crypto rewards to stay fit and healthy and complete challenges.
DEFIT was first created by its parent company 360Wellness to become its native token.
It completed a fundraising in April via IDO which sold out in 2 minutes receiving 4,000 applicants with its token hitting an all time high price of $1.39.
DEFIT’s objective is to disrupt the Fitness Industry and build the next generation of digital wellness.
The project is building momentum nicely and is in talks with various fitness related entities looking to implement DEFIT into their products and services. In addition they have over 700 personal trainers who have shown an interest in utilizing DEFIT’s technology.
Click hereto view Digital Fitness White Paper
An experienced documented team which you can view here
Risk Score: 10
Target Price: N/A
Maximum Supply: 50M
DEFIT focuses on a niche that others have not ventured into yet. It is also an area which lends itself perfectly to crypto and is unlikely to be caught up in the cross hairs of any regulatory crackdown when that time comes. We believe DEFIT has massive growth potential and is a project worth closer attention.
Click below to view previous Moonshot Portfolio’s:
- Moonshot Portfolio — March 2022
- Moonshot Portfolio — February 2022
- Moonshot Portfolio — December 2021
- Moonshot Portfolio — November 2021
- Moonshot Portfolio — October 2021
- Moonshot Portfolio — September 2021
- Moonshot Portfolio — August 2021
- Moonshot Portfolio — July 2021
- Moonshot Portfolio — June 2021
- Moonshot Portfolio — May 2021
- Moonshot Portfolio — April 2021
- Moonshot Portfolio — March 2021
- Moonshot Portfolio — February 2021
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Not Financial Advice
This article does not constitute financial advice or a recommendation to buy in any way. Always do your own research and never invest more than you can afford to lose. Investing in cryptocurrencies is high risk, and you could lose 100% of your investment. The article should be treated as supplementary information to add to your existing knowledge.