Hey yo, what’s cracking, with my rowdy bunch, the Chico army & fi you wanna feel all warm
& snuggly with that crew, subscribe & drop the title of viewer of the tube.
For the newbies, my name is Tyler and this is the crypto channel, that’s as oddly satisfying
as hot glass and water….do, it again please?
Nah..It’s time for Chico Crypto!
So reddit moons & bricks.
The community tokens, reddit has been trialing on two subreddits r/cryptocurrency & r/fortniteBR….it’s
literally the talk of the town of the r/crypto daily discussion, moons, moons & more moons...75
percent of all discussion is focused on those gosh darn community tokens...which makes sense,
as they have been moving up in price the past couple days.
But what about Bricks from the r/fortnite subreddit??
That’s a non crypto reddit...is that gaming community feeling the brick token fever like
the crypto subreddit?
Well, Bricks just like moons have been having a nice little pumpity pump over the past 2
days.
So, is that subreddit speaking about it, freaking out similar to the r/crypto community?
Well, no...not at all, frontpage, not a single post about it, and second page...nada.
You gotta use the search function to find any discussion...searching by bricks...and
then sorting by new, we can find the most recent discussion, and there is some..."I
got bricks if you got coin."
post, people asking what they are, how to convert...but this one is important, “Crypto
traders when they realise they can get free money by reposting spam on the sub and getting
bricks”...it’s just a meme, “it’s free real estate”..but the post below is
what we are interested in….some one says “to be fair…to beeee fair...to be fair
4 cents a brick is insane, if I wanted to make some cash on the side from doing something
I enjoy I’d sell mine too”
A guy replies they are selling theirs, and the commenter says…”Where do you sell
them, if you don’t mind me asking?” of which another community member chimes in “Hey
Man!
Most people don't say it, so this doesn't blow up too much but If you search enough
you Will find the person”
So, that community, some who are in the crypto now how... are trying to keep this a “secret”...they
don’t want a flood of people getting in on this subreddit farming action, as a select
some have a stronghold over it, and it’s making them good money.
Although, what the fools don’t realize, is you gotta have, the newbies come for a
real brick hype cycle, and eventually they will learn, it’s ok to have the flood gates
open.
So, just from these subreddit tokens alone, opportunities await to those who understand
what is coming & what is already here.
So, #1 by being a reddit karma farmer, you can now accumulate these subreddit tokens
& get paid by doing what people already do..shatposting, memelording, or just providing solid content.
And the paid portion of, is where a major opportunity lies, that most don’t realize.
Everyone is trying to get in on the action of trading these tokens.
Like one of the top upvoted posts, 223...trade moons with nana an banano w/ no fees, no testnet
eth/xdai & no complicated process...what?
Sounds amazing right, clicking in, a simpler process than xdai...but then scrolling down,
the first post is a warning...it’s centralized friends.
That’s how it’s done.
Pure centralization.
And that is absolutely stupid, and so risky, I cannot believe the r/crypto mods allowed
this to be on the front page...devs could pull some funky biznutch behind the scenes,
at least with xdai, you have seme decentralization, where majority of the 10 validator nodes would
have to become corrupted, instead of just a single entity.
Sooo please do not use this...if you want to go the full centralized route, wait for
moons and bricks to launch on kraken, they recently launched explainers for each, with
buy now buttons at the bottom..they don’t work yet and you can’t trade, but it seems
Kraken is ready to list.
So the real opportunity I see is after the marriage, comes that sweet sweet honeymoon.
Honey Moon?
What do I mean?
Well the first, and still the most liquid place for trading moons, is on HoneySwap which
is built on ethereum’s sister chain xdai.
Now, as we can see over the past week trading volume for Moons on Honeyswap has been pretty
stable, about 30k per day.
The liquidity for this is nearly 70 thousand dollars.
So, what I’m trying to get across is, once trading volume goes nuts for moons again,
the few people in the liquidity pools are going to make bank on trading fees.
And it will happen again...yes again, as volume has already gone pretty nuts on the honeyswap,
during the launch hype wave...over 400k daily volume.
And with bricks, the opportunity is even more ripe, as the liquidity pool is much smaller,
7 times, under 10 grand.
But it isn’t just the trading of and liquidity providing for reddit’s crypto tokens, where
I see opportunity...but providing liquidity on HoneySwap with the other token pairs.
So, here is a prime example & let me try and nail this through so people understand.
Let’s trade 10 dollars in dai, for stake on Uniswap and compare the fees.
With HoneySwap, for 10xdai, their scalable stable currency, you receive .7953 of a stake...lets
go over to Uniswap...for 10 bucks in dai, the currently unscalable stable currency,
you get .7731 of a stake...so even better rates on Honey, and just a couple weeks ago
it was the opposite….better rates on Uniswap.
Now let’s check out the Fees, the most important part...as we can see, to get your transaction
through in a reasonable time...it cost over 11 dollars, 11 dollars and 10 cents.
Aka more than the actual transaction...so using Uniswap, for these types of trades is
completely unreasonable.
Now Honeyswap, it’s .000166 of an xdai, no not ethereum, xdai is the currency of the
chain, so that is just over 1 hundredth of a penny...it’s nothing.
So, it’s more cost efficient, to buy stake on xdai, it’s not even worth it for small
trades on ethereum.
And that goes for pretty much all tokens on the exchange, if you're not putting in over
a thousand dollar trade?
Is paying 11 dollars each time really worth it?
And xdai, through the Omni bridge, over 50 different erc20s have been bridged from Ethereum’s
mainnet to the xdai chain, more getting added to the list everyday and any erc20 can be
added simply if the one you want to do isn’t listed.
So, the opportunity?
Become an LP, liquidity provider for LINK on xdai...as we can see, the pool is peanuts,
but once people realize, hey I can get it for cheaper over here, volume will begin to
pick up & if another run comes, bubbling the fees on the ethereum chain?
It will literally explode.
You gotta think of liquidity providers like merchants.
The xdai LPs can and will be providing, a cheaper option...eventually consumers and
in the internet world, computers catch on.
And a bonus...just like Uniswap, went the route of liquidity mining of Uni tokens, for
select pools, Honeyswap is doing the same.
2 days ago, they dropped this blog “let the honey flow” and they have everything
ready to go for the honey farming program, and 3 pools will kick it off...with a total
of 600 Honey up for grabs.
And more pools for farming will be added, based on honeyswaps own community governance,
called conviction voting.
The next opportunity I see, has something to do with a thing I call NFTs, and that’s
the perfect segway into a short sponsored segment of this video, being supported by
our friends over at God's Unchained, and like always the full details of our agreement can
be found in the description.
So, if you’re out of the know, God’s Unchained is the most popular NFT powered, card battle
trading game in the space, meaning players have true ownership over the cards they earn,
and limited cards are truly limited, gaining value over time.
God’s Unchained, has just gone into season 1, with the launch of the trial of the gods
expansion set: bringing new cards, new champions, and new ways to play the game.
Although, in late 2019, they already had their Genesis season, with the genesis packs and
cards.
Fortunately, you can still acquire those highly sought after cards, through Chests…
These are erc20 tokens, you can redeem, which hold a total of 6 packs from the genesis season,
so you get a chance at opening and finding a valuable and rare genesis card..or you can
hold the chests, and wait for them to keep accumulating in value, trade them, or do whatever
you want.
They are available for purchase or trade, on all the popular options, Uniswap, OpenSea
& TokenTrove.
Now the game actually has a deep leveling and battling system, that is polished and
super fun unlike other crypto and NFT based games in the space, which means this has mainstream
potential and that is partly due to the large names behind it.
Former Game director of Magic the Gathering-Arena, Chris Clay is leading the charge & it has
financing from the likes of Coinbase, Galaxy Digital and Naspers one of the largest tech
investors in the world.
Just like any Ethereum based NFT game, God’s Unchained is looking towards the future, scaling
the game and assets, so Fees are reasonable.
Now if you didn’t know, the company behind the game, is Immutable, a future outlook game
development studio.
And just over the summer, they announced Immutable X, in partnership with non-other than Starkware,
a non custodial exchange, capable of 200million NFT tx’s per day.
This will power the God’s to the next level, as scaling is afterthought….so when is immutableX
launching?
Well, the team kindly has their trello dev board, open to the public & looky there, it’s
set to be done.this quarter!
So, with this launch coming soon, even with the fees, now is the time to get the early
cards and chests, so use my link, right here or in the description...support my channel
& begin your own path from demi to god.
So NFTs, those non fungible tokens, something a bit different than an erc20 token.
Erc20 tokens are fully interchangeable because they are not unique.
NFTs, majority erc721, represent 1 unique asset, like a certificate of ownership for
a painting, or a rare & limited digital card.
But, the thing you need to understand is you gotta do research, and a different type to
be good at capitalizing on NFTs.
Which NFT based game is going to be around, do they have a community being built?
Do they have long term potential?
And that is just, looking into the team building it...what about the assets?
You gotta understand which ones are the rare ones, which means if it’s a game, you gotta
understand the game.
So what about Digital Art?
You guys know Rarible, is one of my to picks for this space, and going to activity of it
on OpenSea, it’s active with selling, buying and auctioning of NFTs happening on a regular
basis...but, be warned, most of this will be worth absolutely nothing down the road.
If that artist doesn’t become popular, if that game doesn’t become popular, you will
be holding something you will never be able to get rid of.
So, Tyler how do you find the good artists, where is the opportunity here?
Well rarible, is a great place for beginning artists, to begin the strides into the NFT
world, but once you are known, you move to other places.
Like Super Rare,...and they kindly have a nice ranking of artists over time, total creations,
how many sold, highest sale, avg sale price, secondary market sales…
Now this is where you find the big timers that have been building a collection community
of their own as Superrare has been out for some time.
You need a collector community with ART if your ever going to have buyers & the top sellers
on Superrare, are the ones you just might want to look into, if this is an opportunity
your thinking about seizing.
Cheers, I’ll see you next time!