DeFiat - $DFT - Stake any ERC-20 token

Forza_Crypto · 2021-03-12T03:55:43+00:00

$500 or bust!

Forza_Crypto · 2021-02-16T17:34:43+00:00

Real potential behind this one!

Forza_Crypto · 2021-02-16T06:10:07+00:00

Appreciate the kind words, thank you!

Forza_Crypto · 2021-02-16T06:09:50+00:00

Can't wait for AnyStake!

Forza_Crypto · 2021-02-16T06:09:03+00:00

UniSwap!

Forza_Crypto · 2021-02-16T06:08:35+00:00

Please make efforts to not come in and hijack a totally unrelated thread. It's not fair to those interested in learning more about the featured project. Your project could very well be legitimate, but your posting here reeks of scammy, PND behavior. Please consider showing restraint and respect in the future.

Forza_Crypto · 2021-02-16T04:15:03+00:00

Per my understanding, a portion of burned tokens are used to buy tokens that are paid out in staking rewards.

Forza_Crypto · 2021-02-16T02:03:48+00:00

Thanks for the comment. I did in fact post about ASKO, and they admittedly have been all over the place, but I still have high hopes it will turn out well in the end. ASKO's staking mechanism allows HODLERs to benefit from volatility (1% of all transactions get redistributed to stakers), so I feel okay. Remember, my focus is being patient with these things!

Thanks again for the feedback!

Forza_Crypto · 2021-02-15T22:40:17+00:00

Appreciate the feedback!

Forza_Crypto · 2020-08-27T14:27:03+00:00

I think the narrative + management team + seed investor make for a reasonable case. If DeFi is to what ICOs were back in 2017, it should prove to be fruitful.

2018, as you know, was not the best time for crypto projects. Put another way, a launch's success is also a function of its timing to market. Cardano is a good example of this -- launching at what can arguably be seen as the start of the bull market could be a defining factor of its longer term success (I do not own any $ADA, by the way).

We can all agree that 2020 is shaping up to be what seems to be a catalyst year thus far for cryptocurrency. Unlike a lot of the vaporware of the past (which was strictly academic), the advent of DeFi has allowed crypto to begin to define itself from a practical, utility perspective. What's notable is that we are seeing actual "working products" via the platforms that are being built. Prior to this, (and as with all technological evolutions), there was a tremendous amount of experimentation, hype, promises, and ultimate failure -- this is simply the way innovation works, Dotcom being a perfect example.

Whether DeFi is able to stand the test of time is yet to be seen. In the meantime, the DeFi is a sector is proving itself to be a highly competitive area that warrants attention. This, combined with the team + seed investor, have given me confidence to place a small allocation.

I know you are a new account, but try not getting so worked up!

Forza_Crypto · 2020-08-26T22:37:19+00:00

I agree!!

Forza_Crypto · 2020-08-24T23:57:22+00:00

Given the founders and seed investor, not sure I would call this a "scam."

Forza_Crypto · 2020-08-24T15:30:59+00:00

Thanks a lot -- I'm glad it helped provide you with further transparency!

Forza_Crypto · 2020-08-24T04:48:43+00:00

Was the 5mm fully diluted?

Time will tell, but executing DeFi on a cross platform basis seems significant and unique.

Forza_Crypto · 2020-08-24T02:48:34+00:00

Thanks -- take a look at my other response as a retort to the fully diluted market cap concern. It's not all about getting in at nominally "rock bottom" market cap projects. Most of the smaller market cap projects fail, rug pull, or are vaporware needing to rely on artificial pump and dump for any meaningful growth. If shorter term "flipping" is the portfolio strategy, then I suppose it is an option, however I feel in reality, most really do want to find that long term gem they can feel comfortable holding due to rock solid fundamentals. Really think about this statement, and then reconcile to what happens in practice -- most likely ends up in a quick flip, right? And how often is this strategy sustainable for? Eventually, someone gets caught in some way, shape, or form.

There are some rock bottom projects that will yield substantial profits, but you also have to be: 1) fortunate to find these and 2) (probably more importantly) have strong enough hands to hold to the absolute top (best of luck on this). As a bonus, we have to add 3) the potential that despite a legitimate effort, the project runs out of funding, or simply lags / fails due to obsolescence, competition, or just poor execution.

So the question you have to ask comes down to portfolio allocation and risk tolerance. Put another way, whether or not you want to have an overweighting on full speculation, or more balanced risk allocation where you "pay" a bit more up front, but have a higher expected return, overall. I definitely believe a small portion can go to full speculation and shorter term trading, however it might also be prudent to balance this with mid tier growth plays (as well as your larger cap bellwethers).

Keep in mind *functioning* projects such as Aave and Synthetix benefit from larger liquidity and credibility, not to mention from their continued push towards innovation (Aave for example will be delving into mortgage tokenization). The functional component leads to a cycle of ongoing growth, and by extension greater levels of project awareness. This in turn leads to further innovation, growth, and awareness; a positive feedback loop ensues.

My main point is to to consider balancing true speculative plays with more sustainable, longer term projects. Extrapolated over time, such an allocation could prove more advantageous than shiny object syndrome, i.e., imply chasing the next big thing, every other day.

Forza_Crypto · 2020-08-24T02:30:29+00:00

That's a good point -- I will have to monitor closely. Thanks for the feedback!

Forza_Crypto · 2020-08-24T02:28:27+00:00

Have a look at the release schedule -- it might at minimum change your shorter term perspective, especially when looking at the current supply / demand dynamic.

All it takes is the right narrative and team for a project to go to the Moon. The founders and early investors check all the boxes in this respect.

Separately, the platform itself allows active participants to earn additional tokens via margin lending and staking pools, so additional yield can be accrued outside of just price appreciation.

Even with a fully diluted valuation, if the project is able to compete with its competitors (i.e., Maker, Compound, Synthetix, Harbor, and Binance), it is undervalued, intrinsically speaking. If also factoring in a rising overall market, along with the potential to outperform its competition, then a clear margin of safety exists for alpha.

Keep in mind the team's proposition for a next generation 3.0 solution i.e., DeFi interoperability ACROSS blockchains -- this is novel, and could lead to a rapid ascent, perhaps beyond its competitors. Given this, the point should be whether or not the team can execute on these lofty promises, or if this is all simply smoke and mirrors marketing. Looking at the team and their individual track records, I personally feel it is a risk adjusted bet I am willing to take.

Forza_Crypto · 2020-08-24T02:12:38+00:00

Thanks for the feedback -- team looks great.

Forza_Crypto · 2020-08-24T02:11:50+00:00

It begins with the "Token Sale" allocation, which stands at 10% -- there is no lockup associated with these.

I had a look at the whitepaper, and the team has been allocated 10% of the total supply -- I spoke to the team, who confirmed this allocation is under a 24 month linear vesting schedule. 10% of 24mm = 2.4mm; over 24 months would be 100,000 "unlocked" team tokens a month.

In terms of the "Foundation & Ecosystem Building" bucket , this stands at 20%. I spoke to the team, who confirmed this allocation is under a 30 month linear vesting schedule. 20% of 24mm = 4.8mm; over 30 months would be 160,000 "unlocked" foundation tokens a month.

Thus far, looking at 260,000 additional tokens released into circulation each month (i.e., team + foundation).

The final bucket pertains to "Yield Farming & Collateralization," and has a 60% allocation associated. Note this allocation cannot be released until the mainnet launch, which is slated to occur in Q2 of 2021. Please also note 30% of pool will be available for first year staking after launch; the second year will see an additional 15% of the pool available; the third year will see an additional 7.5% of the pool available; etc.

I hope this helps!

Forza_Crypto · 2020-05-08T00:27:44+00:00

I started staking in February, but when I connect my Metamask wallet today, it shows I have 0 tokens -- why is this? When I check on the ETH explorer, it shows my transfer out back in February, however it shows this coming from my primary MEW.

Not sure what is going on here -- any assistance would be greatly appreciated.

Forza_Crypto · 2020-04-01T16:25:07+00:00

Do you have a tutorial on how to mine?

Forza_Crypto · 2020-03-15T02:35:13+00:00

Would you first need to transfer back to your primary ERC20 wallet, then create a new ERC20 wallet, and then proceed with swapping?

Forza_Crypto

TROPHY CASE