🧵🧠 Admit One to the NFT Ride: GMoney's Insights
Weekly Digest - Week of March 27th
Hey there fellow crypto degens,
We curate the best educational resources in crypto. Here’s a digest of the top content from The Crypto Illuminati this week.
Tweet of the week:
Illuminati Fundraiser Insider💰👀
If You Weren’t Aware.
There’s A War On Crypto.
VCs Are Trying To Defend The Line With Funding
Here Are The Results
👇🧵
(0/6) https://t.co/NtIOTMgA8Q— The Crypto Illuminati (@0x_illuminati)
Mar 30, 2023
Got your cup of coffee ready? Alright, let's jump right in ☕
1️⃣ Inside the Mind of an NFT Legend: GMoney's Insights
This article provides an overview of GMoney's journey in the world of NFTs, his insights on the NFT boom, and his collaboration with Adidas.
Key takeaways:
GMoney first entered the world of cryptocurrency in 2017, but sold his assets in Q1 2018 because he believed the technology wasn't quite ready yet.
GMoney attributes his success in the crypto, DeFi, and NFT spaces to his curiosity and willingness to learn from anyone
GMoney believes that the combination of free and easy money, the scarcity and deflationary nature of digital assets, and the right story being told at the right time caused the sudden surge in popularity of NFTs.
He cautions:
GMoney believes that bubbles in any asset class occur because people are convinced that the technology or asset will change the world, leading to valuations getting ahead of themselves.
GMoney thinks the technology behind NFTs is here to stay and will change our lives in the long term, but there is still some uncertainty about the future of the NFT market.
Keep reading 🍿
2️⃣ Maverick AMM is here : Bye, Bye Slippage!
The article discusses how outdated protocol models are holding DeFi users back, creating an opportunity for protocol models like the Maverick Protocol to provide users with greater access to liquidity assets.
Key takeaways:
Maverick Protocol is a decentralized finance infrastructure for liquid markets.
Users can stake any ERC-20-supported token as collateral to lower their risk.
Maverick's ALP mechanism automates dynamic rebalancing for lower slippage and lower IL.
The Maverick team consists of innovative cryptocurrency experts with experience creating unique infrastructures.
The Maverick AMM introduces the novel concept of Directional LPing for better capital control and improved efficiency for liquidity providers.
Keep reading 🍿:
3️⃣ Want to Crush Crypto Trading? Read This!
This article discusses the timeless insights from the classic book "Reminiscences of a Stock Operator" and how they can be applied to crypto trading.
Key takeaways:
Discipline and self-control are essential for successful investing.
Understanding market cycles is crucial to succeed in the crypto space.
Applying the principles of the book to crypto trading is just as relevant today as it was 100 years ago.
Things to keep in mind:
Crypto markets are highly volatile and unpredictable, making it difficult to apply the same principles as traditional markets.
The principles outlined in the book may not be applicable to all types of crypto trading.
Keep reading 🍿:
4️⃣ Stop Emailing like a Boomer: Try EtherMail! 🧵🧠
This cover story from the weekly Illuminati newsletter covers EtherMail, an anonymous and encrypted wallet-to-wallet communication platform, and its recent funding from Tim Draper and other venture capitalists.
Key takeaways:
EtherMail is a new email solution that enables anonymous and encrypted wallet-to-wallet communication.
The platform has received $4 million in funding from Tim Draper and is planning to expand its team and market.
EtherMail's paywall solution uses its EMT token to protect users' inboxes and reward them for reading emails from companies.
The platform is built on traditional email, so users can continue to use their existing tools like Gmail.
Users can claim EMC tokens by signing up and connecting their backup email, inviting friends, and completing IMAP configuration. These tokens may be converted to EMT tokens once the official token launch occurs.
Keep reading 🍿:
5️⃣ From ICOs to IEOs: Fundraising in Crypto
This article provides an overview of the different types of fundraising methods available in the crypto space, such as Initial DEX Offering (IDO), Initial Bonding Curve Offering (IBCO), Liquidity Bootstrapping Pool (LBP), Security Token Offering (STO), and Initial Coin Offering (ICO).
Key takeaways:
IDOs are a way for teams to allow investors to buy newly listed tokens through a decentralized exchange.
IBCOs are designed to prevent investors from practicing front running.
LBPs are an effective way for projects to host a token sale while building liquidity.
Things to keep in mind:
Investing in startups through ICOs is risky as there is no guarantee that the project will work or even launch on the market.
The "spray and pray" tactic of ICOs in 2017 did not always bode well, as many investors held their tokens into oblivion.
Keep reading 🍿:
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