Identifying the massively successful projects,
before anyone else. That is the Chico Crypto ethos…we dig deeper, we research harder, and
we find the tokens that aren’t even trading yet. But once they do start trading….everyone starts
shouting “swoop there it is” “swoop there he is”….(*dancing) your gonna start dancing
too, because it’s time for Chico Crypto! Pump thee bags Tyler, well sorry to burst
your bubble, this video isn’t about instant gratification as every project and token in
today’s video, isn’t trading…..YET! I bet that statement made many moon bois click away,
because the PUMP won’t come today or tomorrow, but for those Mars bois, who are
patient, these projects, in my opinion, are top of the line, and when they do start
trading, I expect this quarter, they will GO POP! So let us begin, with the one I
have been covering the longest, almost a year ago now, I covered
it…and then again 6 months ago, and then all the time throughout live streams
and again today.
That is centrifuge, and the reason I love this project…it combines
all of the things I like about crypto, into one sweet package. Ethereum, DeFi, NFTs,
Polkadot, stablecoins…centrifuge uses it all. How you may ask? Well 1st we need to understand
what Centrifuge is. The first major product from Centrifuge is the Tinlake dapp. With this, Asset
Originators can collateralize invoices, royalties, and other real-world assets
and then gain instant liquidity with the collateral through DeFi and stablecoins. So Asset Originators are real world
businesses with real world assets who need access to capital now, instead of waiting
through the typical invoice, royalty or other business payment process. And these real
world assets are tokenized into collateral with NFTs. As we can see, from the tinlake
dapp, they have 6 open pools, and 1 upcoming pool with 7 different businesses ranging
from tokenizing real estate bridge loans, tokenizing trade receivables and branded inventory
financing, to tokenizing music streaming invoices. So who provides the capital to these businesses?
Well DeFi does…as we can see from the bridge loan example, 3 bridge loans are tokenized into
NFTs, with 150k plus DAI loaned or financed.
So DeFi users, who wan’t to get a return on their
stablecoin, can submit capital in the form of dai to this pool, and the business in this case
New Silver Series is paying a financing fee to get instant access to the capital
from DeFi users aka capital providers. DeFi is risky, but it gives many benefits
like instant liquidity. Tinlake is basically safer returns for DeFi users, instead of the
risky farming returns as real world businesses with real world cash flow, can usually pay
back their loans on time, and with interest.
Now, most of what I've been talking about
has to do with Ethereum’s DeFi ecosystem, as that is where the Tinlake dapp lives.
How does this connect to Polkadot!? Through the NFTs. For example invoices are
tokenized initially on the Centrifuge chain, where anchors and identities live, but then
the NFT is bridged to the Ethereum mainchain. Governance, full tokenization of
document details, and validation happen on the centrifuge chain, which
is a proof of stake blockchain built on substrate.
It’s one of the live polkadot
chains…the one no one is talking about. The governance token for Centrifuge is called RAD, or radial token. And it’s been a
hard one to pin down. 6 months ago, I showed a faucet from the team, which you could
earn .1 per day. But that has been turned off. Well, I’ve also shown you could earn, by
running your own validator node for the chain, on their website, they are calling out
for just that. But it is technical, especially the node setup, as well as the
validator…but if you think you got the chops, links for both instructions are below. I
also showed the Rad liquidity mining program, where you earn their token for contributing
liquidity to the tinlake pools, but if your US…you need to be an accredited
investor, and they do full KYC.
And then, I showed the community
radial mining program, where they were giving Rad token bounties
for certain community actions, and some solid rewards up to 100 RAD, but as
we can see, not for US persons…bummer! But if your non us, south korea or china…link
for that program is also in the description. But US investors, are going to be
able to get their hands on this soon. December 17th, Centrifuge had
a community call and Cassidy Daly, head of token design and research said this
regarding US persons and Tinlake, and RAD… US Based persons, cannot participate…FOR NOW.
So they are working on getting these programs open to US persons, doing what they legally
But US persons, may not have to wait. Let’s hear what Cassidy also had to
said about RADs coming functionality…. The Ethereum bridge turning
it right into an ERC20, aka Uniswap trading aka RAD is
coming soon to a Dex near you. So this next one I have to cover, as the next
incentivized testnet, kicks off today. And that is HOPR, a layer 0 chain, for total privacy. The
HOPR protocol provides network-level and metadata privacy for every kind of data exchange. A
mixnet protects the identity of both sender and recipient by routing data via multiple
intermediate relay hops that mix traffic.
HOPR has had 2 incentivized testnets already, the
team said they would be doing them on multiples, the first on xdai, the second on matic, and the
coming third one, I do not necessarily like, Binance smart chain…but binance did
invest, so I get why they are doing it. January 12th, HOPR put out a medium
article explaining the coming HOPR token, and at the end in the sections “When & Where
Can I Get HOPR? The team said “This is what I can say for now: After mainnet launch, HOPR can be
earned by anyone who runs a node and stakes HOPR. As you relay data, your node will accrue
tickets that can be claimed for HOPR via our smart contract on the Ethereum blockchain.
We will have more information about mainnet launch and how to acquire your
first HOPR VERY soon.
For now, all I’ll say is that it’s definitely worth
participating in our final testnet, HOPR Titlis And that Begins Today…. And for those of you who have an avado blockchain
computer, joining the incentivized testnet will be much easier, just a few clicks as
the dapp is integrated right into avado, and if your thinking about getting
one, link for purchase is also below…. But you don’t need an avado though to participate,
as Chico crypto has also included the teams Guide to the Titlis testnet…as we can see its
running from January 19th, 2021 to January 21st, only 3 days and at the bottom
the say the system requirements “You can participate in Titlis from your home
device running MacOS or Linux. Windows should also work, but we don’t have dedicated setup
instructions yet. You can also run a node from a virtual private server (VPS) in the cloud.
Please ensure your server has at least 2GB of RAM. This testnet is also open
to all of our AVADO users” So I like HOPR because they are partnered with
Avado, on multiple levels. I like HOPR because they are doing multiple testnets, xdai, matic, and
even the nance.
That means it’s going to work on all those layers including Ethereum, enhancing
privacy for all the dapps built on those layers. And with the partners, and investors it has
established, when the mainnet goes live, it's going to be highly used….a recipe for
success in my eyes….the only risk, is it’s a privacy token…luckily no investing with this
video, it's all about earning by contributing to the protocols. You could almost call it a form
of proof of work….Cheers, I’ll see you next time!.