I use BCHS and ITEP but neither ideal imo. Best bet by far is to buy GLXY (Galaxy Digital) on the Toronto Stock Exchange - can be done in ISA's and ETF's.
DeFi7 followers23 questions90 posts
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For the most part, FDV (Fully Diluted Valuation) can be largely ignored as an important metric for evaluating the price growth potential of a crypto asset.
I recently invested in a AAA blockchain video game project from Australia called Illuvium (https://illuvium.io/), which is creating a Pokemon-like battle and collection mechanic but entirely around NFTs. During the initial token launch, however, I had a conversation with someone who couldn't get over the fact that the Fully Diluted Valuation metric was ~$715M despite that the market cap based on circulation is only ~$42M (https://www.coingecko.com/en/coins/illuvium).
For an unlaunched game that has a lot of promise with multi-billion dollar potential, $30-40M seems like a reasonable valuation to me. $715M obviously, seems like the upside to buying in now is limited, and worse, if the game doesn't do as well as the makers hope, it may never live up to that lofty 3/4 billion dollar valuation.
However, this FDV evaluation completely misunderstands the tokenomics of the project itself and would only be relevant if your plan was to buy ILV, place it in your wallet and never touch it for more than four years. Why is this?
The game itself has built a DAO model similar to Synthetix (the founders are brothers of the founder of Synthetix). ILV will be launching several mechanics to incentivize long-term staking, DAO participation, and liquidity provision on decentralized exchanges, as well as onboarding new gamers into the ecosystem to drive value to the platform itself. So your ILV position... (More)
Over last couple of years my crypto exposure has evolved from 100% btc, into adding a percentage of ETH, and then adding some limited exposure to some of the leading Altcoins. I am now looking to further diversify my exposure into the broader crypto / blockchain / defi space (in addition to the core holdings in btc and ETH). My concern is how to identify good tokens / projects / platforms, given how many there are and how quickly the space is developing (especially given the limited time and knowledge I have!). I am therefore considering investing in one or more of the Pantera funds - Early Stage Token and/or Liquid Token funds.
Would be very interested in any views and experience of the community as to whether there are other funds which I should also consider, or indeed whether there are other better methods to gain a more diversified exposure to the broader crypto/blockchain/defi space. Lastly, any experience people have had with Pantera (good and bad) would also be of interest.
Thanks in advance!
It would be great to get anyone's perspective on the best Crypto/Blockchain/DeFi venture funds? Specifically, funds that are currently taking on new LPs and minimum investments in the $250-500k range. I've just been investing in Bitcoin and Ethereum over the last couple years, but looking to expand my investments in this sector. Thank you for any feedback and perspectives.