One of the hottest sales just happened before the bloodbath of all bloodbaths in crypto.
The IDO of GeroWallet went absolutely parabolic, at one point, hitting $130 million in volume
in just 24 hours,
with the price going as high as 95¢ from the launch.
Find out why GeroWallet is such a hot project
and why it's big for the Cardano ecosystem.
Let's get it!
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Welcome to BitBoy Crypto! The largest crypto channel in all the Interwebs.
My name is Ben.
Everyday on this channel, I show you how to make money in crypto.
If you like money and crypto, then make sure to hit that subscribe button.
In this video,
we're going to be talking about the newest Cardano gem destined to crush the market,
GeroWallet.
GeroWallet is an all-in-one DeFi app designed to be a powerful tool for experienced and new users alike.
GeroWallet delivers a quality UX by focusing on a user-centric design.
It's the first Cardano wallet to launch a built-in multifunctional toolkit
boasting inter-chain and cross-chain swapping with liquidity lock features.
The GERO team comprises of industry veterans
with vast experience and extensive connections in numerous industries.
Previous experience gives the knowledge needed for a successful long-term project,
and CARDS will be helping that ever even more
as GERO is the third CARDS Accelerator Project (CAP).
Team member backgrounds include companies such as Google, NASA and Amazon
with more than 50 years of experience combined.
The GERO team believes the wallet is a specialized product
that needs to be dynamic and continually expanded
to stay ahead of its competition in the crypto industry.
The advancement of crypto asset adoption is dependent on innovation and creative ways
to interact with the underlying blockchain.
This is exactly what drives the design of GeroWallet,
making it more than just another wallet.
GeroWallet is designed to work on Cardano's Goguen network,
utilizing smart contracts while supporting agnostic chain technologies.
Cardano is the perfect platform as the Goguen era will include dApp capabilities
which haven't yet been possible on Cardano,
with a modular and flexible design and functionality based on user governance.
The team can also introduce new features on the Web3 wallet
that its users want to see inside of the dApp.
GeroWallet's mission is to create the ultimate Cardano wallet
with inter-chain and multi-chain compatibility
while providing a superior user experience through an intuitive UI according to the team.
Additionally, they envision a wallet that empowers individuals
to access decentralized finance or DeFi technology with a Swiss Army knife of features.
GERO will integrate with other protocols and decentralized applications as well.
As a result, GeroWallet will effectively be one of the first apps
to unlock the power of the Cardano network.
With the addition of a multi-currency ledger,
GERO will extend the usefulness of Cardano beyond its current capabilities.
This will allow the creation of fungible and non-fungible tokens,
supporting the creation of new crypto assets on GeroWallet
as well as the tokenization of both digital and physical assets.
GeroWallet will also bring DeFi to the fingertips of everyone with a mobile device or computer.
GeroWallet features three different interfaces for every type of crypto user,
beginner, intermediate and expert.
GERO will combine its ease of use and DeFi features with Cardano's Hydra scalability protocol and low gas fees.
A win for ADA and a win for GERO
to be built on top of Cardano's blockchain after smart contracts are ready.
If that's not enough,
GeroWallet users will be able to perform tasks
including easy storage, sending and receiving of any crypto
regardless of the underlying blockchain,
direct buying or selling of any crypto with fiat on and off-ramps,
the ability to seamlessly plug into dApps and services on any blockchain,
effortless swaps of digital assets across blockchains.
GERO also allows access to any decentralized finance application
including tokens staking,
liquidity pool yield farming,
crypto collateral-based loans,
and the creation of NFTs.
The GERO team believes that most crypto transactions in the future will take place online.
With the ability of function cross-chain,
GeroWallet will help shape the future.
It's important to mention that GeroWallet will not only be one of the first third party wallets on Cardano,
almost surely meaning adoption of its product.
But it should also be highlighted that GERO will be the first multi-chain asset wallet on Cardano
offering users DeFi.
For this reason alone,
I believe GeroWallet could be a good buy betting on the future of Cardano itself.
However, as a note of caution,
I always tell you guys to make sure you get a good entry point
if you're indeed interested in getting into GERO.
CardStarter's initial DEX offerings have been super hot
with both Charli3 and GERO finishing up their sales,
and both of their launches pumped on Uniswap.
Both projects have netted investors massive gains after launches.
SoMee is still pending release of its token
due to working on setting up single asset and dual asset staking pools
in partnership with Prism Network and CardStarter.
CardStarter and SoMee are further planning a special event with me, BitBoy Crypto,
to live stream the launch of the SoMee Ad Token (SAT).
The SAT token release is expected to be a big party with SoMee planning a massive press release storm.
SoMee has hinted to me that they plan to announce some form of news,
partnerships and maybe even some influencers.
Make sure to tune in to the channel on June 2 at 2PM to 3PM Eastern Standard Time
for SAT's launch on Uniswap.
CardStarter continues to show
it could be a big time player in the space in the future for developing the Cardano ecosystem.
In fact, CardStarter recently surpassed every other launchpad,
briefly becoming the No. 1 initial DEX offering platform this week.
Although it's too soon to tell,
CARDS' next launch project has already been decided,
and it's called DeFinity.
DeFinity is a blockchain agnostic layer 2 protocol that utilizes WeOwn, Ethereum, Polkadot,
Binance Smart Chain and Cardano
while focusing on interoperability and the creation of a more inclusive decentralized ecosystem.
DeFinity is a decentralized exchange solution for the foreign exchange market,
also known as the Forex market,
tokenized currencies and central bank digital currencies (CBDC).
According to CardStarter's Medium,
DeFinity's ultimate goal is to deliver a near real time settlement ecosystem
to help market participants settle their cash FX forwards, swaps and NDF transactions
at a fraction of the cost of traditional routes in the $6.6 trillion per day Forex market.
CardStarter also has a liquidity program,
and users can provide liquidity to CardStarter's CARDS token, GERO and C3
to receive CSWAP and exchange for liquidity pool rewards.
If you want to find out more and stay up-to-date with CardStarter's future IDOs,
you can follow them on Twitter, @CardStarter, or visit cardstarter.io.
If you're interested in any of CardStarter's projects and want to purchase any of these cryptos,
you can pick up a bag on Uniswap by using CoinGecko to search and copy the contract address.
I'll leave you guys with this promo video from GeroWallet that CardStarter sent us.
Before you leave though,
make sure to drop us a comment on what you think about this new DeFi wallet.
And for full transparency, I am invested in GeroWallet.
That's all I got.
Be blessed.
BitBoy out.