Module 4: REVIEWS

Things move fast in the Cryptocurrency and Digital Asset space so it's important to DYOR (Do Your Own Research). In this section we're going to take a look at the best ways to make YOU an informed investor. 

Estimated time to complete

1 hours 16 minutes

Difficulty Level

Intermediate

HOW TO DO YOUR OWN RESEARCH (DYOR)

Q: What are the Key Areas to evaluate to determine a crypto projects viability?

A: There are 5 BASIC areas to consider: 

1. WHITEPAPER - Look at the projects website, find the whitepaper and read the SUMMARY or ABSTRACT. Is the paper THOROUGH or does it look RUSHED like it was completed in an hour? What are the crypto projects USE CASES?

2. TEAM - Look at the teams background to see if they have a good balance of experience in management, developers, marketers with past success. 

3. FINANCIAL BACKING - Do they have deep pockets funding their project? This implies BIG companies have also done their research and are backing them. 

4. ACTIVITY - Look at their GitHub page to se if they are OPEN-SOURCE and actually LAUNCHED the project. Also look at the activity in their community social media sites. 

5. LIQUIDITY RATIO - Daily Trading Volume divided by Market Cap. Video example was THETA which was: 

Market Cap: 750,755,003 divided by

Daily Trading Volume: 98,775,255

= 8% (Aim for AROUND 10%)


Video Time Stamp: 03:21 - 09:26

Q: What are the 3 Methods for DYOR?

A: There are 3 ways to research: 

1. Manual - This is where YOU put in the time and work to determine a projects viability. 

2. Use Ian's A.I. site called Token Metrics. 

3. Combination of BOTH. I personally like to get AS MUCH information as I can before I invest because there is nothing worse than investing in a project and finding out it's WORTHLESS!

Video Time Stamp Manual Research: 3:21 - 9:26

Video Time Stamp Token Metrics: 13:55 - END

Q: What did Ian learn from his mistakes of the 2017 ICO craze? 

A: That people can game the system and there are SCAMS everywhere. There are a LOT of things to consider before jumping in as an investor into ANY crypto project so DYOR and when you think you're done, do MORE!

Video Time Stamp: 10:40 - 13:35

PROJECT REVIEW: POLKASTARTER

Q: Which Of the 5 DYOR methods in the PREVIOUS video did I do for this project?

A: I reviewed the WHITEPAPER (#1 from previous video) and TEAM (#2 from previous video). 

Video Time Stamp: Entire Video

Q: Which of the 5 DYOR methods from the PREVIOUS video  did I NOT do for this project?

A: I did NOT perform the FINANCIAL BACKING (#3 in previous video), ACTIVITY (#4 in previous video) and LIQUIDITY RATIO check (#5 in previous video). 

Sometimes you don't need to do ALL checks if enough red flags are brought up in the beginning of your research. 

Video Time Stamp: Entire Video

Q: Was this enough to determine the VIABILITY of the Polkastarter Project?

A: In my opinion - YES. However, there may have been things I missed on this project that I invite YOU to determine. 

Personally, I have 10-20 projects thrown at me PER WEEK to evaluate and if they don't pass my initial BASIC check then I have to move on. 

Will I pass on some GOOD projects from time to time? Yes! 

However, my job as an investor is to find the BEST projects with the LOWEST risk to MAXIMIZE profits and I want you to do the same. 

Video Time Stamp: Entire Video

PROJECT REVIEW: World Mobile Token!

Q: What is the purpose of the Air Node?

A: Creates internet service and cellular service in a mesh network in order to get these services that also include education and healthcare that all exist on the blockchain. World Mobile backs these Air Nodes up.

Q: What is the long term benefit of these Air Nodes?

A: To help the unbanked skip the mess of fees and costs that bank push on its customers and move them straight into transactions with the blockchain. This means they can run their businesses through the nodes to have access to information form the internet, loans from online banking, and the ability to keep track of their businesses’ credit.

Q: What is an Earth Node?

A: It works similarly to Theta. You become the big enterprise as an Earth Node operator. The Air Nodes earn rewards through transactions, and you earn rewards for those transaction on the blockchain as well as the inflationary benefits of the token.
BEWARE: if this interests you, get in EARLY. These transactions will be DEFLATIONARY over time
You will secure WMT (World Mobile Token) as an operator.


Q: What is the Market Cap for WMT?

A: 2 Billion Tokens

My #1 FREE Crypto App

Q: What can CoinStats do for you? 

A: 

1. Check Market Prices

2. Manage your Portfolio and include personal notes

3. See WHERE do buy coins

4. Do this for FREE


CHARLI3 Project Review

Q: What is an Oracle?

A: Oracles have the ability of pull outside data into a specific blockchain. For the instance of CHARLI3, it pulls the outside data into the blockchain Cardano is built on.


Time Stamp: 0:57-1:47



Q: How does CHARLI3 work?

A:

1. Pulls data from APIs (Application Programming Interface) into the Cardano blockchain

2. Takes this data from crypto exchanges and pulls this data for other decentralized finance platforms


Time Stamp: 2:16 - 2:41



Q: What is the Market Cap for CHARLI3? 

A: 100,000,000 tokens


Time Stamp: 3:47 - 4:54



Q: As of June 8, 2021*, where can you buy CHARLI3? 

A: UniSwap


*This is subject to change and this video will be updated accordingly



Card Starter Project Review

Q: What is CARD STARTER 

A: Card Starter is the first insured project accelerator for Cardano and a platform for early adopters.


Time Stamp: 1:06-1:55



Q: How does Cardstarter work?

A:

1. Selective Listing through vetting

2. Insurance Fund - insured against the risk of financial loss (this is HUGE!)

3. CARDS accelerator - lottery-style entrance that is contingent on the amount of $CARDS a holder has

4. Tokenless Raises



Time Stamp: 1:57-2:51


Time Stamp: 2:16 - 2:41



Q: Where can you buy $CARDS? 

A: UniSwap


Time Stamp: 11:32 - 11:55



Indigo Protocol Project Review

Q: What is the Indigo Protocol?

A: Allows for the creation of fungible  assets that track the price of real-world assets


Time Stamp: 1:48-2:00



Q: How does the Indigo Protocol work?

A:

1. Mint - mint a token at 150% collateral

2. Trade - trade that token for iAssets

3. Pool - provide the iAsset + stablecoin and earn $INDY

4. Stake - staking $INDY to vote on polls

5. Govern - help choose the directions the Indigo Protocol will go


Time Stamp: 2:0 0- 3:49



Q: When can we expect to see the Tokenomics for the Indigo Protocol? 

A: Around August of 2021





Q: What are the key benefits of the Indigo Protocol? 

A: Allows you to token-ize an asset and trade it


Time Stamp: 5:06 - 5:11




SYLO - Super dApp - Project Review

Q: What is SYLO?

A: an ecosystem made of consumer-wallet-software and applications for the purpose and uses of Smart Money, (a wallet and a messaging app)


Time Stamp: 0:36-2:25


a.k.a. a SUPER APP!



Q: What is WEB3.0?

A: Instead of the use of servers to collect and store data from the Internet, WEB3.0 utilizes nodes that decentralizes and encrypts that data



Time Stamp: 3:20 - 3:47



Q: How do you buy Crypto using the SYLO app? 

A:

1. Select "Buy"

2. Be directed to MoonPay OR the crypto address


Time Stamp: 5:40 - 6:33


Q: Why buy the SYLO Token? 

A: YOU are in control of the protection of your data. SYLO is a versatile and flexible coin to enhance the crypto experience all the while keeping your information secure within the blockchain


Time Stamp: 9:40 - 12:00




Q: Is Rob still King of the Shill? 

A: Yes


Time Stamp: The dawn of time - present




Loopring - Project Review

Q: What is LOOPRING?

A: A secure, open-source, audited, noncustodial exchange and payment protocol.


High throughput at a low cost.


Time Stamp: 1:11-2:28

Q: What makes LOOPRING special?

A: It is an exchange built on Ethereum where you can trade and provide liquidities, so if you're an LP individual, this platform will be perfect for you.

It's gas-free, provides top security. 


Time Stamp: 2:30 - 3:06

Q: What is the LOOPRING wallet? 

A: It's an Ethereum, mobile smart contract, wallet and uses a unique mechanism for your private keys.

You can become an LP, swap crypto, trade on books, and more, all GAS-FREE.

No need for seed phrases because they use "Social Recovery".


Time Stamp: 5:35 - 7:00

Q: What is a ZK Rollup? 

A: ZK Rollups can check up to 2,000 transactions per second and aggregates and executes transactions in a provable and correct manner WITHOUT compromising security.


Time Stamp: 7:33 - 8:10

MELD - Crypto Banking - Project Review

Q: What is MELD?

A: The bank of Cardano!

MELD is a decentralized loaning platform


Time Stamp: 0:24-0:31

Q: How does MELD work?

A:

-MELD gives you a loan for fiat

-You use your crypto as collateral for the loan for 2x more than your principle value. For example: if BTC is at $50,000 and you needed a loan for $50,000, you would give MELD two BTC as collateral for the loan

-You pay no taxes for the loan! You would make monthly payments for the principle and interest (which will sit at around 2-3%)

-Keep earning your yield on the BTC!


Time Stamp: 1:34 - 4:15

Q: What is an ISPO? 

A: Initial Stakepool Offering


Time Stamp: 4:19 - 4:30

Q: How does the ISPO function? 

A: You would stake your ADA through Yoroi or Daedalus wallets. The rewards earned from the stake would then be used to directly find the MELD operation, but in return, MELD will airdrop you $MELD right before the point of sale.


Time Stamp: 4:57 - 5:15




Avalanche - Project Review

Q: What is AVALANCHE?

A: $AVAX is the native token of the platform. The Avalanche token secures the network, enables staking, and a myriad of other services on the platform.

By staking $AVAX, you also help protect the network with their PROOF-OF-STAKE system.


Time Stamp: 2:10 - 2:30

Q: What makes AVALANCHE special?

A:

-you have the ability to launch Ethereum dApps to process thousands of transactions per second.

-you can customize your blockchain for public or private use (depending on what you need Avalanche for)



Time Stamp: 3:15 - 4:17

Q: Who does AVALANCHE serve? 

A: DeFi customers (like you and me) - PUBLIC

and Institutions, Enterprises, and Governments - PRIVATE


Time Stamp: 4:47 - 6:18

Q: What are the different aspects of AVALANCHE? 

A:

1. PUBLIC blockchain use

2. PRIVATE blockchain use

3. NFTs


Time Stamp: (full video)




How to Stake AVALANCHE

Q: Why Stake Avalanche?

A:

-Your $AVAX stays in your wallet where you have TOTAL CONTROL over what you do with it.

-When you stake your $AVAX, you're helping secure the network (Proof-of-Stake)


Time Stamp: 1:00 - 2:15

Q: How Do I Set Up the Wallet?

A:

-wallet.avax.network (link provided below the video)

- create your wallet and set up your private key. (DO NOT share this information with anyone!)

-$AVAX exists on the:

   + X-Chain - to be traded

   + P-Chain - to be staked

   + C-Chain for smart contracts and to pay for gas


So depending on how you intend to use Avalanche, the next step is to copy the respective chain's address into your exchange of choice (where your $AVAX lives) then transfer your desired amount!


Time Stamp: 3:00 - 7:45

A New Way to Shop: SHOPPING.IO

Q: What are the TWO TOKENS of Shopping.io?

A: 

SPI - the utility token

GSPI - the governance token


Time Stamp: 3:00-3:30

Q: How much is the $SPI?

A:

As of 10/09/21, $51.07. For simplicity, let's say each $SPI is $50. In order to be a VIP member, you would need to invest $50,000.

$GSPI is at $6.85


Time Stamp: 3:30 - 3:45

Q: What is the MAXIMUM TOKEN SUPPLY for both tokens?

A:

Both are capped at 1 MILLION TOKENS EACH.


1 Million SPI

1 Million GSPI


Time Stamp: 4:50 - 5:17

Q: How do you STAKE your SPI?

A:

1.On Shopping.io, you can access the links to stake BOTH SPI and GSPI using the links provided:


SPI: shopping.io/spi

GSPI: shopping.io/gspi

2.Select how much you'd like to stake


Time Stamp: 5:50 - 7:42

Q: How does the  Shopping.io  website work?

A:

You can buy your SPI through Ethereum Wallet, Metamask, Ledger, and other wallets (listed on the website).

You may choose to then stake your SPI, or, start SHOPPING!


Time Stamp: 9:39 - 13:01

ABOUT


The Top cryptocurrency and digital asset news...in bite-sized pieces. Channel is for entertainment purposes only. I’m not a financial planner, or a financial analyst or anything to do with finances. I’m just a small business owner who firmly believes in cryptocurrency and digital assets.


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