🟩 Bullish AI project for this run 🟩

@Chain_GPT Analysis Report + Infographic.

🟣 About
🟣 Products
🟣 $CGPT Token utilities
🟣 Tokenomics
🟣 @ChainGPT_Pad (in another thread)
🟣 Roadmap
🟣 Team
🟣 Conclusion

@Chain_GPT started building in full bear market, btw.

🧵 ↓

Before we dive deep, here's how you can help:

→ ♻️  RT if you find this content valuable

→ 🙏  Gib follow @AndreiMX_

→ 📗  Bookmark to read later

Thanks a bunch, fam!

And Happy New Year! 🤝

Let's go! ↓ ↓

🟣 About

From AI chatbots to NFT generators and AI - SC auditors, they're making tech smarter and more accessible.

They envision a world where AI empowers many aspects of the Web3 space.

Tools designed for everyone - from crypto enthusiasts to startups.

ChainGPT it's a movement towards an AI-integrated Web3 world.

An ecosystem thriving on community, innovation, and seamless AI integration, setting new standards in the blockchain space.

🟣 Products

1.  AI Web3 Chatbot
2.  AI NFT Generator
3.  AI Generated News
4.  AI Smart-Contract Generator
5.  AI Smart-Contract Auditor
6.  AI Trading Assistant
7.  Prompt Marketplace

8.  Pricing & Membership Plans: ChainGPT offers tiered membership plans, providing different levels of access to its suite of AI tools, catering to a diverse range of users from casual enthusiasts to professional developers.

9.  AI Cross-Chain Swap
10.  CGPTc (Credits)

11.  CGPTsp (Staking Points)
12.  CGPTvp (Voting Power) - Governance
13.  Tier System & Benefits for Launchpad

Also, chainGPT is trained specifically for web3 and Blockchain related topics.

🟣 $CGPT Token utilities

1.  Access to AI Tools listed above

2.  Staking for Priority Access: Users can stake CGPT tokens to gain priority access to ChainGPT's AI tools.

3.  Membership in the DAO

4.  Tier System Participation
5.  Payment for Services
6.  Liquidity and Trading
7.  Incentivization and Rewards

8.  Liquidity and Trading
9.  Incentivization and Rewards

10.  Deflationary Mechanism: The ChainGPT ecosystem employs a token burn mechanism, where a portion of the tokens used in transactions is burned.

🟣 Tokenomics

Total supply 1B tokens

$CGPT operates on a deflationary model. This means that certain mechanisms, like token burns, are in place to reduce the total supply over time, potentially increasing the token's value.

Supply Policy: The tokenomics include a burning mechanism, where a portion of the tokens used in transactions within the ecosystem is permanently destroyed.

Distrution and Unlocking schedule.

We are at 44% tokens unlocked from the total supply.

Few percentages get unlocked every month, but the utilities of the token, such as staking it for being eligible in @ChainGPT_Pad plus the other staking, plus their subscriptions, leaves me without worries.

🟣 @ChainGPT_Pad

I feel this deserves a thread on its own, as I want to show you also a bit about the projects listed there + tier system.

Stay tuned!

🟣 Roadmap

Q3-Q4 2022 (When CGPT was born)

imo these are impressive achievements for 1.5 years.

Now let's see what they plan to do next ↓

2024 ahead

+ something that really sparked my interest

hint: at the bottom.

🟣 Team

The team behind ChainGPT is made of a diverse group of professionals with expertise in various fields, crucial for driving the project's success in the intersection of AI and blockchain technology.

Here's an overview of key team members and their roles:

To me, it suggests a strong focus on technology, community building, and business development, essential for a project at the intersection of AI and blockchain.

Their diverse expertise is likely instrumental in driving ChainGPT's vision of integrating AI into the Web3 space.

🟣 Conclusion

Vision ✅
AI Narrative ✅
Tokenomics ✅
Team ✅
Products ✅
Roadmap ✅

For me is a no brainer, I invested and staked all my coins for 1 year, to participate in the IDOs and incubation projects from @ChainGPT_Pad

In case you're interested in buying $CGPT, you can do so from these CEXes or DEXes:

You can read the unrolled version of this thread here: https://typefully.com/AndreiMX_/gBGiaKV

Bullish AI Project: @Chain_GPT Analysis and Infographic

Top reasons people don’t make money from DeFi.

→ Fear of techy words
→ Fear of Unknown
→ Impermanent loss

You can overcome this fear today by simply understanding how people make money with DeFi + lots of practice and patience.

Follow these tips ↓

→ First, let's clear up one thing.

Where do these rewards come from?

✦  Staking Rewards

Many DeFi protocols offer staking options where users can lock up their tokens to earn new tokens as rewards.

These rewards can come from a project's treasury or be newly minted.

✦  Trading Fees

When people exchange assets on a DEX, they usually pay a small fee.

A portion of this fee is distributed back to liquidity providers and stakers.

✦ Incentive Programs

Protocols often launch incentive programs to attract users.

Rewards can be in the native token or other tokens like USDC.

These incentives are aimed at encouraging liquidity provision, staking, or other types of engagement.

Understanding the source of these rewards is essential because it informs you of the risks involved.

The more sustainable the source of the reward, the safer your investment.

→ How to make money in DeFI.

🔷 Yield Farming

One of the most popular ways to make money.

It involves providing liquidity or staking tokens to earn rewards.

Farms on @ash_swap for example are juicy!

❗Be aware of Impermanent loss, tho ❗

🔷 Staking

Lock up your tokens to help secure a network and earn staking rewards.

Currently staking #EGLD through the Liquid Staking module from @HatomProtocol.

🔷 Lending

Platforms like @AaveAave, @compoundfinance, or @HatomProtocol allow you to lend your crypto to earn interest.

I earn steadily on my #USDC, #BTC, #ETH, and #EGLD by lending them on @HatomProtocol at the moment.

🔷 Arbitrage

Take advantage of price differences between different exchanges.

Get a few screens, and you have to be sharp.

🔷 Liquidity Providing

Supply liquidity to DEXs and earn a share of the trading fees.

Many DEXes out there are generating fees for their LP providers.

❗Be aware of Impermanent loss ❗

🔷 Incentive Programs

Special programs often offer additional rewards to encourage specific activities within a protocol.

Just like @HatomProtocol is offering $3M USDC rewards for the users providing liquidity in the Lending Protocol.

That's a wrap, peeps!

Hope you're smarter a bit!

If not, let me know in the comments.

Let me know anyway, actually!

*Disclaimer:

I am not a financial expert, but rather someone who is passionate about educating others on the opportunities in DeFi.

You can read the unrolled version of this thread here: https://typefully.com/AndreiMX_/ARiFmFQ

Overcoming Fear: Making Money from DeFi

FIRST @EntityFinance LAUNCHPAD PROJECT IS HERE: @CathenaKnights !!

Let's break down this project to understand it better.

0$ INVESTMENT TO START PLAYING AND EARNING ❗

The game is ready and I played it 🔥 👇

RT is highly appreciated 🙏 #EGLD #MultiversX

🟨 Introduction

@CathenaKnights is a groundbreaking game merging turn-based tactics and blockchain technology.

So, you'll be able to immerse yourself in battles, earn real-world value, and join a vibrant gaming community.

Let's explore the exciting world of Knights of Cathena!

@CathenaKnights is a captivating game where players command their armies in action-packed battles on a grid-based battlefield.

With diverse classes, seamless blockchain integration, and thrilling gameplay.

🟨 They are leveraging the #MultiversX blockchain, hence players can enjoy true ownership of in-game items through NFTs.

You can:

- Collect
- Trade
- Enhance your digital assets securely on #MultiversX

🟨 In Knights of Cathena, all in-game items are created and stored as NFTs on the blockchain.

This ensures players have complete ownership and control over their digital assets.

Customize your items, adding value to your collection.

🟨 @CathenaKnights is a Play-and-Earn game and has a unique approach to gaming rewards.

No prior blockchain knowledge or initial investment is required.

Just by playing the game, players earn $CGO rewards, creating a symbiotic relationship between gameplay and rewards.

🟨 Decentralized Economy

The game's economy is powered by the $CGO token, designed to create sustainable entertainment and value for players.

$CGO serves as the in-game currency, facilitating trades on the marketplace and unlocking various in-game benefits.

If you want to understand more about $CGO Token, read @EntityFinance's thread here ↓

https://twitter.com/EntityFinance/status/1681324130719748100?s=20

🟨 Community and Social Features

Join Noble Houses, social hubs for like-minded players.

Noble House owners earn rewards from their members' gameplay, while members enjoy in-game benefits.

Participate in item voting and shape the game's evolution as part of the community.

🟨 Scalability

@CathenaKnights implements a hybrid blockchain-server architecture for seamless gameplay.

Player ownership is securely handled on the blockchain, while real-time gameplay logic is efficiently managed, enhancing the gaming experience.

🟨 Future Developments and Roadmap

Exciting updates await Knights of Cathena! Expect new characters, game modes, an avatar creator, and more as the game evolves.

🟨 Team

Meet the passionate team behind Knights of Cathena, dedicated to revolutionizing the gaming industry with blockchain technology.

Their expertise and vision drive the game's development, ensuring an exceptional gaming experience for all players.

🟨 Conclusion

Knights of Cathena merges gaming and blockchain, offering an immersive, rewarding, and community-driven experience.

I played their game many months ago and I must say it has evolved a lot.

They have tested it a lot, improved a lot, and implemented community feedback a lot.

Play 2 Earn games are not games that will make you rich, but is rather a portal to onboard the gaming community into web3.

I strongly believe Blockchain games are here to stay, but again, not to make you rich, but to actually own your items and do whatever you want with them.

I have played many many games a good part of my life and I have acquired crazy valuable items in some of them.

These items could have been worth hundreds of $$$, but back then it was pretty much impossible to sell such items without being scammed.

And this is a problem that will be solved in the future and today for @CathenaKnights.

That's a wrap Peeps!

If you want more DYOR, check @Davyegld's thread below! ↓

https://twitter.com/Davyegld/status/1681357358386102324?s=20

Don't forget this is not financial advice!

This thread is sponsored by @CathenaKnights and I only accepted to do it because I see potential in the project I am researching.

Please do some more DYOR yourself. And you can add this thread to your research!

You can read the unrolled version of this thread here: https://typefully.com/AndreiMX_/Gaedh3z

Knights of Cathena Project Breakdown

REAL ESTATE INVESTMENTS WITH #EGLD

I am breaking down @blok_project for you to understand it easier.

@Blok_Project is a trending project on #MultiversX lately!

RT is much appreciated! 🙏 🤓 #MultiversX

1. Introduction

A real estate investment is highly valued due to its potential for long-term growth and stability.

However, numerous challenges hinder access to this market, including high costs, administrative complexities, and limited liquidity.

@blok_project aims to address these obstacles through the innovative use of blockchain technology, offering a solution that enhances accessibility, efficiency, and transparency in real estate investments.

Therefore, anyone can invest in real estate.

2.  Web3 and Blockchain Technology

In the context of real estate, @MultiversX blockchain technology provides a decentralized and immutable ledger that records transactions.
So, how does @blok_project use this to the advantage of small investors?

Well, Blok leverages this tech to tokenize serious real estate assets, enabling fractional ownership, facilitating peer-to-peer transactions, and improving liquidity.

Just like VCs put the money of multiple investors to invest in assets, with Blok, you, your family, and your friends can own an apartment, a house, or even an entire building.

But not only family, because everything is decentralized, and smart contracts are used, even strangers can come together to own a piece of a building.

3.  Challenges

Real estate investments have traditionally been hunted by several challenges.

Rising prices and limited supply make a property acquisition difficult, while administrative procedures and financing requirements create additional barriers.

@blok_project recognizes these challenges and seeks to streamline the investment process by utilizing blockchain technology to simplify transactions, reduce costs, and enhance liquidity.

Less bureaucracy
Fewer trx costs

4.  Project Overview

In a nutshell, @blok_project wants to make real estate assets as liquid as possible for people to invest, even from €50.

How?

Well, @MultiversX will handle the dapp, smart contracts and transactions etc.

The fun part is actually IRL stuff.

But that's part of their job, so through their global solution, @blok_project intends to remove market access barriers and provide individuals with turnkey real estate investment opportunities.

5.  Tokenization of Real Estate Assets

Tokenization refers to the process of representing real-world assets, such as real estate, as digital tokens on a blockchain.

*Just like #EGLD represents real Gold, hehe.

@blok_project adopts this approach by tokenizing financial securities, specifically debt securities, which represent the financing of the underlying real estate assets.

These tokens, known as $BLOK tokens, allow investors to hold fractional investments, receive rental income, and potentially benefit from capital gains when properties are sold.

6.  Investment Process on the Platform

@blok_project offers investors a straightforward investment process.

These tokens represent ownership in the underlying real estate assets and entitle holders to rental income and potential capital gains.

@blok_project manages the entire investment process, including property sourcing, construction work, rental management, and resale on the secondary market.

7.  Benefits for Small Investors

Blok's solution provides significant benefits for small investors.

Fractional investments through $BLOK tokens allow individuals to participate in real estate investments with lower capital requirements.

I will mention this again: as low as $50

This opens up opportunities for diversification, access to rental income, and potential returns from capital appreciation.

Additionally, BLOK's marketplace enables instant resale of tokens, providing liquidity that is traditionally lacking in real estate investments.

8.  Regulatory and Legal Considerations

Blok operates within the regulatory frameworks governing real estate investments.

To comply with legal requirements, Blok offers financial securities in the form of $BLOK tokens, which represent debt securities registered on the chain.

They work closely with legal experts and aim to obtain necessary approvals and compliance certifications to ensure a secure and compliant investment environment for its users.

9.  Potential Challenges and Risks

As with any investment, there are potential challenges and risks involved.

Market volatility, regulatory changes, and economic fluctuations can impact the performance of real estate investments.

They acknowledge these risks and emphasize the importance of:

- thorough due diligence
- market analysis
- risk management strategies to mitigate potential challenges and maximize returns.

10.  Future Outlook and Market Potential

Blok's future outlook is promising, driven by the increasing demand for accessible real estate investments and the transformative potential of #MultiversX technology.

Their expansion plans include extending acquisitions beyond France to Europe and international markets.

By forging partnerships and embracing technological advancements, Blok aims to provide users with dynamic, robust, and innovative investment tools while contributing to the evolution of the real estate industry as a whole.

That's a wrap, guys!

If you want to read more about @blok_project, I highly recommend @xFoudres's threads on this project!

https://twitter.com/xFoudres/status/1676859845775900672?s=20

So, what are you waiting for?

What are your thoughts on Fractional Ownership of real estate assets?

I believe it is a promising project, as I had this idea many months ago as well, but never had the time or resources to implement it.

I am glad to see it live today!!

You can read the unrolled version of this thread here: https://typefully.com/AndreiMX_/0JgC5gv

Real Estate Investments with #EGLD

Projects are allowed to BURN tokens! (some)

Lower supply = higher pamp when liq comes.

BUT

What if, token holders can BURN as well?

Let's break down @BurnifyApp 🧵 ↓

RT is much appreciated! #EGLD #MultiversX @pulsarmoney send 1000000 MEX to 200 reactions

@BurnifyApp is all about fairness!

No privileged access for the team.

No private sale, marketing allocation, team allocation, or treasury allocation of Tokens

So, @BurnifyApp lets you burn tokens while earning their protocol token + #EGLD.

🔴 Tokenomics

They've got a fixed supply of 5,010,000 $BFY tokens, and they're 100% owned by the community.

No additional tokens will ever be created!

Why the $BFY token?

Burning!

$BFY is the "proof of burn" token, tied to the burning process.

🔴 Burning Process

Burning happens in cycles, each lasting ~24 hours.

Starting with 10,000 $BFY on day one and decreasing by 0.2% each cycle.

All you need to do is send at least 1 batch into the Smart Contract and receive staked $BFY tokens at the end of the day + #EGLD.

🔴 Rewards

The more you burn, the more you earn!

At the end of each cycle, you'll receive staked $BFY tokens, proportionally based on the number of batches you've sent + #EGLD.

You can send up to 10,000 batches.

🔴 Cycle Distribution

They list tokens like $MEX, $ONE, $JEX, and more, then at the end of each cycle, they burn all tokens except $EGLD.

That means those tokens go up in smoke, creating a leaner and stronger ecosystem!

🔴 Boost Option

Projects listed in @BurnifyApp can boost #EGLD rewards for users sending batches with their tokens.

It's a win-win for the project and the participants.

p.s This feature will be live soon after launch

🔴 DAO Governance

They're building a DAO after the main features go live.

And your voice matters!

You can vote on token listings, protocol enhancements, and more.

You'll be able to shape the Burnify ecosystem.

🔴 NFTs Burning

Burning isn't just about tokens.

In the works, it's a mechanism to enable projects to burn NFTs too.

Find the perfect balance between tokens and NFTs, creating value and generating rewards.

🔴 $BFY Utility

- Earn #EGLD by staking $BFY Tokens.

- Collaborating with other projects to unlock exciting perks for $BFY holders.



- Exclusive benefits within partner ecosystems.

- Holding $BFY means being part of a vibrant community and part of the protocol.

🔴 Claim Rewards

When a cycle ends, your $BFY tokens are automatically staked in the protocol.

Claiming them stops the generation of protocol fees ($EGLD) for that cycle.

Stake them again to start earning $EGLD.

🔴 Claim Protocol Fees

You can withdraw your protocol fees ($EGLD) anytime you want.

Your hard-earned rewards are yours to enjoy whenever you choose.

🔴 Staking $BFY

Unclaimed and staked $BFY tokens generate passive income in $EGLD.

Your share of the reward pool keeps decreasing if you only participate in Day 1.

Stake back your claimed or unstaked $BFY to continue earning rewards.

🔴 Roadmap

They have interesting plans for the future, among which these sparked my interest:

- Boost options
- DAO governance
- NFT burning
- Collaborations

🔴 Team

Behind @BurnifyApp we got @OneDex_X, @buidly_, and @EgldInfo, which have been around in this ecosystem for a long time.

I believe they are amazing devs and will deliver a great app, plus if users won't be satisfied, they will for sure adapt to the feedback!

Conclusion

As for the protocol at this stage, I thought of it a bit annoying that I have to send #EGLD along with tokens for burning, but hey, if I am going to get back 90% of #EGLD + future #EGLD from burners, I am satisfied.

I'll give it a few shots and see how it will go along the way.

I would love to see lots of initiatives and incentives from Token projects to use @BurnifyApp, like rewarding community members who burn tokens.

Another thing I like is the fact that, if a single user sends 1 batch in a day, they will receive all the $BFY tokens emitted for that cycle and #EGLD share according to their share % of $BFY Staked.

So, no matter when you enter the protocol, you will get #EGLD rewards according to your % of $BFY staked.

The more you stake, the more you earn.

If you want more information about tokenomics and how rewards are distributed, @OvidiuArion did an awesome job.

Please check it out here:

https://twitter.com/OvidiuArion/status/1661721807261401088?s=20

That's a wrap, guys!

*The info on this thread should NOT be considered financial advice, please go and check the out for yourself and decide if it's a protocol you might be interested in, or not!

*This thread was sponsored by @BurnifyApp

You can read the unrolled version of this thread here: https://typefully.com/AndreiMX_/W4yQiWG

BurnifyApp: Empowering Token Holders with Fairness and Rewards

A new DEX will launch on #MultiversX!

@DX25Labs is LIVE on testnet and here are the differences from @xExchangeApp.

Banger feature at /3 ❗

RT is much appreciated! 🙏 🧵 ↓

1/ Adding liquidity into pools of usually 2 tokens is at the core function of a DEX, in order to facilitate swaps.

Then the providers of liquidity share the fees generated from swaps.

This is how @xExchangeApp works.

Now, how does differ from @xExchangeApp in regards of fees?

When you add liquidity with your tokens on @DX25Labs, it allows you to choose a fee level that you want to receive.

However, the swap function will facilitate the swapper (idk if it's a word), and it will find the liquidity in the pool with the cheapest fee.

So if you set you fee higher to earn more, you will not earn any fees, if there are other users who provided liquidity with lower fees.

Let me give you an example on where I see this feature work best.

It's actually easy.

You will be able to provide liquidity with a higher fee for high risk pools.

And low fees for low risk pools.

2/ Single-sided liquidity - Better UX

Say you have #BTC and want to add liquidity in the #BTC-#ETH pool.

You can then just add #BTC only and the DEX will automatically perform the swaping of half in #ETH and add liquidity for you.

3/ Banger feature ❗

Price range for adding liquidity.

With this feature you can reduce your impermanent loss, allowing you to lower your risk.

Let's say you want to add liquidity to a pool that has 500 EGLD and $50,000 USDT.

Without a price range, you would simply deposit your assets into the pool and receive LP tokens in return.

Your funds would be used for trading across the entire price range of EGLD.

So, it means that if the price of EGLD were to drop significantly, you could experience impermanent loss.

For example, if the price of EGLD were to drop from $50 to $30, then the value of your assets in the pool would decrease.

If you were to withdraw your liquidity at this point, you would receive back fewer assets than you originally deposited.

The exact amount you would receive back depends on the current market conditions and the amount of trading activity in the pool.

On the other hand, if you were to add liquidity with a price range of $40-$60 for EGLD, then your assets would only be used for trading within that specific price range.

This means that if the price of EGLD were to drop below $40 or rise above $60, your assets would not be used for trading and their value would remain constant.

This can help reduce your risk of impermanent loss due to market fluctuations outside of your chosen price range.

4/ They plan to add more features to the dex such as:

There are at least 2 of the upcoming features that I am particularly excited about. ↓

1. Margin and Derivative trading

Example with EGLD and USDC

Margin trading: Deposit USDC as collateral, buy EGLD on margin.

Profits magnified by leverage ratio if EGLD price goes up, losses also magnified if it goes down.

Derivative trading: Enter futures contract to buy/sell EGLD at predetermined price/date using USDC as collateral.

Profit if EGLD price goes up, loss if it goes down.

2. Orderbook UX

@DX25Labs wants to improve its user experience (UX) by implementing an orderbook feature that is similar to what users are used to seeing on centralized exchanges (CEX).

This will make it easier for users to understand the market depth and place orders.

Pros: By improving the UX of their platform, the DEX can attract more users who are accustomed to using CEXs.

This can lead to increased trading volume, liquidity, and ultimately, a healthier ecosystem for the DEX.

Cons: Some users of DEXs may not want to see the same orderbook interface as on CEXs, as it goes against the principles of decentralization.

Implementing an orderbook may require additional development resources and could potentially increase the complexity of the platform.

5/ In conclusion, @DX25Labs comes with a suite of new features not present currently on @xExchangeApp. However, the #MultiversX exchange has also new features such as metabonding, metastaking or farms.

This is not to say @DX25Labs will replace @xExchangeApp, but rather it will complement it.

Therefore increasing the DeFi options for users on the @MultiversX ecosystem.

That's a wrap!

If you want to test DX25, they have an ongoing testing challenge with a prize pool of 100.000$ in their native token, which will be distributed at the TGE.

But the prizes are only for early bird testers, so hurry up and give it a try.

https://twitter.com/DX25Labs/status/1654074761322852353?s=20

You can read the unrolled version of this thread here: https://typefully.com/AndreiMX_/tZqt3RP

New DEX on MultiversX with Unique Features

LIQUID STAKING - EXPLAINED❗

⭕ How to get Liquid Staked EGLD

⭕ Difference between sEGLD & HsEGLD

⭕ Use cases

⭕ Risks

🧵 RT to help others understand this too.

⭕ How to get Liquid Staked EGLD

@HatomProtocol offers a novel Liquid Staking platform for the @MultiversX Community.

Head over to their website and go to "Liquid Staking"

Choose the amount you want to stake and the token you want to receive.

sEGLD or HsEGLD

⭕ Use Cases:

@HatomProtocol is revolutionizing DeFi with liquid staking. They're currently testing it on these 3 projects:

1/ Lending on @HatomProtocol

- Earn x%APY by providing sEGLD as collateral
- Borrow EGLD or other tokens for anything else.

The Lending and Borrowing platform deserves a thread on its own, so I will write it closer to the launch.

2/ Provide Liquidity on @ash_swap

There will be initially 2 pools for liquid staked EGLD:

EGLD ❌ sEGLD
EGLD ❌ HsEGLD

- Earn APY from fees
- Stake LP tokens for more rewards, similar to staking LP tokens in farms on the DEX.

3/ Buy NFTs on @xoxnoNFTs with Liquid Staked EGLD.

⭕ Risks

The risks are the same as when you use DeFi with your normal EGLD.

High APRs - more risk
Low APRs - less risk

CAUTION

Another important Risk is that @HatomProtocol will attract a lot of liquidity and therefore exploiters too.

So, make sure to diversify your portfolio.

🐞Bugs on @ash_swap pools:

- Removing LP tokens sEGLD ❌ EGLD failed. I tried 3 transactions. All failed.

- Please add "Max" button 🙌

That's it guys!

It took me a few hours to go through these and test the platforms at the same time.

If you didn't understand something or want me to dig deeper into a specific part, please let me know in the comments!

You can read the unrolled version of this thread here: https://typefully.com/AndreiMX_/Lvrf4oN

Explaining Liquid Staking and Its Use Cases

DeFi on #MultiversX is getting ready for a bull market.

You are not ready for what's coming ❗

More info in this thread 🧵 ↓ #EGLD

RT to spread the info ❗

1/ Liquid Staking from @HatomProtocol lets you earn rewards while keeping access to your staked assets.

@MultiversX's implementation of liquid staking improves flexibility and accessibility for stakers, enhancing network security.

2/ Lending and Borrowing from @HatomProtocol will enable you to access a wide range of assets and explore new opportunities for yield generation.

This will make it an attractive platform for DeFi enthusiasts.

3/ Stablecoin $USH from @HatomProtocol

$USH is an over-collateralized stablecoin pegged to the value of the US dollar. You can earn interest on their deposited Htokens.

You can mint HatomUSD by depositing assets in the Hatom Lending Protocol and using Htoken as collateral.

The amount you can borrow depends on your collateral value and loan-to-value factor.

When you repay your HatomUSD position, the USH is burned, and then you can withdraw the underlying assets by removing your Htokens from collateral.

4/ Synthetics

With synthetic tokens on @MultiversX, you can access the value of your assets on different chains, while enjoying greater liquidity, lower fees and DeFi opportunities not available on the native chain.

xBridge offers a security-first design for bridging your coins to @MultiversX.

You can create an order and swap your coins instantly to access the value of your assets.

Synthetic tokens can also be used as collateral to take a borrow on over-collateralized lending protocols, adding more flexibility and utility to your crypto portfolio.

5/ #Solana Bridge @OneDex_X

The team started working on a bridge to #Solana.

Looking forward to this development. It will be huge!!

6/ Spot Trading and smart orders on @CelestDefi

You can trade coins in real-time at current market prices through a decentralized exchange. Similar to Binance's order book.

By the way, you can already do this on @jexchangeP2P.

And with smart orders, you can set specific trade conditions to automate your trading strategy, minimize risk, and take advantage of market opportunities.

More or less like on @binance.

7/ Leverage trading on @DX25Labs

With leverage trading on a blockchain, you can borrow funds to increase the potential returns of a trade.

This involves using cryptocurrency assets as collateral, but it carries a higher risk than traditional trading, so be sure to understand risk management strategies before attempting it.

I will follow up on each topic with a more in-depth thread.

Follow @AndreiMX_ to find out more about these topics.

Let me know, what am I missing.

Cheers!

You can read the unrolled version of this thread here:

It's a much better reading experience. You're welcome! 😎

https://typefully.com/AndreiMX_/xzjdWQa

Also, yesterday I posted the best threads of the week, in case you missed it! ↓ 🤓

https://twitter.com/AndreiMX_/status/1644928139502702593?s=20

MultiversX DeFi Prepares for Bull Market

Want to stay away from RUG Pulls?

Here are a few, simple and effective DYOR techniques I wish I knew when I started investing in NFTs and Tokens.

🧵 ↓ #NFTs #Crypto

First, rug pulls can be difficult to predict, and even seemingly legitimate projects can turn out to be scams.

However, here are 10 things you can look out for to minimize the risk of investing in a rug pull ↓

1/ Team Transparency 🔴

Look for information about the team members behind the project, including their experience, past projects, and social media profiles.

Lack of transparency or anonymity can be a red flag.

Lack of updates or the usage of funds can also be a red flag.

2/ Audit Reports 🔴

Check if the project has been audited by a reputable auditing firm.

A comprehensive audit report can provide insights into the project's security and whether it's a safe investment.

Partnering with well-established projects is always a smart move.

3/ Project Documentation 🔴

Ensure that the project has clear and concise documentation outlining its goals, features, and timelines.

These include:

- Litepaper
- Whitepaper
- Other Docs
- MVP
- Audit reports

4/ Community Activity 🔴

Check for activity in the project's social media channels.

A lack of engagement or interaction can indicate that the project is not receiving attention or is failing to generate interest.

Check also ↓

5/ Tokenomics 🔴

Ensure that the project's tokenomics are clear and understandable.

It should be easy to understand how the token will be used and how its value will be generated.

If you don't understand it, learn how to read tokenomics first, and invest after.

6/ Contract Auditing 🔴

Check the code of the smart contract to see if it has been audited by reputable firms, just like @rv_inc works with #MultiversX, to ensure the code is safe.

A poorly written smart contract can lead to vulnerabilities that can be exploited by attackers.

7/ Use Cases 🔴

Check whether the project has a clear use case or utility that adds value to the token.

A project with no real applications is more likely to fail.

Staking is not a use case, stop falling for that.

8/ Partnerships 🔴

Check whether the project has any partnerships or collaborations with reputable companies, projects, or individuals.

A partnership could bring valuable expertise, resources, networks of contacts, and shared visions that complement each other.

9/ Red Flags 🔴

Be wary of red flags such as misleading advertising, promises of guaranteed returns, or unrealistic growth projections.

If it seems too good to be true, it probably is.

10/ Watch Jim Cramer of NFTs @CristiC81

If he mints, the NFTs will go under FP.

If he buys, the FP will drop.

You are welcome! 😆

That's a wrap!

I hope you've found this thread helpful.

Follow me @AndreiMX_ for more.

You can read the unrolled version of this thread here: https://typefully.com/AndreiMX_/A9qv2LZ

DYOR Techniques to Avoid RUG Pulls in NFTs and Crypto

[@gochargeHQ] Project Overview

A new @BHeroLaunchpad project is close and in this thread, I cover some #DYOR, so you can add it to your own research.

Let's dive into what problems they want to solve in the world and how  🧵↓ #egld

🔋 Problems and @goChargeHQ Solutions
🔋 Competitive advantages
🔋 Does this project need blockchain tech?
🔋 $Charged Token
🔋 Roadmap
🔋 Team
🔋 Conclusions

🔋 Problems and Solutions

Problem 1.

Limited availability of charging stations for mobile devices in public spaces.

This sometimes creates inconvenience and anxiety for people who rely on their devices for communication and productivity on the go.

With the increasing use of smartphones, tablets, and laptops, people are always looking for charging solutions on the go.

@goChargeHQ aims to solve this problem by providing portable charging stations in various locations such as airports, malls, and public spaces.

Problem 2.

The EV charger industry is the lacking standardization, coordination, and transparency.

There is no universal network or protocol for EV chargers, making it difficult for EV drivers to find and use them.

Additionally, the traditional charging station business model requires high capital investment and long-term contracts, limiting access for small businesses and property owners.

.@gochargeHQ wants to use the Airbnb approach for EV chargers by building a platform that allows property owners to rent out their EV chargers to drivers on an as-needed basis.

By utilizing AI-powered predictive analytics, @goChargeHQ aims to optimize the network of available chargers to make it more accessible and efficient for EV drivers.

This approach will not only increase the number of available charging stations, but will also help property owners monetize their unused charging assets.

But who would let strangers charge their cars in their garages?

People had the same doubts about Airbnb at first. But just like with renting out your house, you can even rent out a charger in your driveway or garage for some extra cash 💰

🔋 Competitive advantages

→ No app needed. Customers can rent easily from @goChargeHQ website without additional software.

→ Lower fees than competitors lead to better prices and more customers. This will mostly be due to low trx fees by using the #MultiversX blockchain.

→ Revenue will roll in from advertising displayed on screens at both the power bank and EV stations.

→ Franchise opportunities offering a low-cost investment for individuals and companies seeking an additional stream of income.

They maintain autonomy while receiving support from the @goChargeHQ's expertise and resources, like training programs and supplier discounts.

🔋 But does this project need blockchain tech?

Blockchain benefits for @goChargeHQ project can be the following:

- Decentralization
- Smart contracts for automation and efficiency
- Tokenization for investment opportunities
- Record-keeping for transparency and accountability.

Blockchain effectiveness depends on the use case, market, and competition.

Users unfamiliar with crypto won't use it, so Fiat payments are still necessary at first.

But in time, I think crypto will become a standard payment form.

🔋 $Charged Token

The $Charged Token is the utility token for the @goChargeHQ ecosystem.

It is not backed by fiat or other physical assets and does not grant any ownership or voting rights in the issuing entity.

Utilities:

- pay for power bank rentals
- pay for EV charging services
- buy power banks and stations
- stake and receive rewards
- swap and trade on DEX and CEX
- participate in raffles and airdrops