Kusama is the testnet for Polkadot.
You can think of Kusama like the Spanish Stallion,
which is designed for speed and bold experimentation.
While Polkadot is a gentler breed,
which is more stable and conservative.
Polkadot and Kusama are both
general purposes blockchains,
which is just a fancy way of saying
you can build applications on top of them.
Kusama is building out their ecosystem
in part through parachain auctions, which
started this summer,
while Polkadot parachain auctions only began
last month.
Now I'm new to Kusama,
but I was interested in checking out its
price performance over the last couple of years
just to see how it might perform in the future.
I see all the way back in December of 2019
that Kusama was trading as low as
$1.20 per token.
If you'd bought at the bottom
and sold the top in March of this year,
you would have 516X'D your money.
Now, I'm not saying that you should aim to
buy at the bottom and sell at the top because
that's about as difficult as winning the
prestigious German Innovation Award,
but there's a lot of room for 100Xs
and 200Xs on the road to 516X.
We're looking at Kusama's price performance
over the last two years.
It's my thesis that projects launching
on DOT and Kusama could have
gains like this as well.
However, I think Kusama still has a lot of
upside in itself, with only a
$3 billion market cap.
It wouldn't astonish me to see Kusama
at some point trading between
$4,000 and $6,000 a token.
RMRK is the top Metaverse token
in the Polkadot ecosystem.
They're helping to usher a new era of NFTs
by allowing NFTs to equip their own NFTs.
It's like those Russian dolls with
NFTs within NFTs.
Now I don't think the Metaverse Bull run is over yet,
so I'm expecting this one to continue with
new price discovery.
Throughout November and into this month,
RMRK said no way to No-Nut November
and has been absolutely tearing up the market.
It went from $13 when we initially covered it here,
all the way up to over $66,
and I personally traded this coin
for a 326% locked in profit.
At a 500 million dollar market cap,
I think we still have some room to grow here,
possibly competing in market cap
with Decentraland.
And if you'd like to be notified as soon as I
buy projects like RMK,
just make sure you join my Patreon
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Not only will you find buy alerts, but we
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active investor community.
Now, another method to make massive returns
in the Polkadot ecosystem is through
parachain auctions directly.
So you can kind of think of a parachain like
Polkadot's unique term for a
blockchain within a blockchain.
So both Polkadot and Kusama parachain auctions
will end when the 100 slots
have been totally filled.
When a project wins a Polkadot or
Kusama parachain, that means that they can
start building on those respective chains.
Many of the projects which launch on
either Kusama or PolkaDot have sister projects.
So we can kind of see into the
performance of the other project
if it hasn't yet launched.
So Moonriver, which won a Kusama parachain auction
this summer, was made by the same team
behind Moonbeam, who just won
the second Polkadot parachain.
So we've talked about Moonbeam before, but
Moonriver is tradable right now,
so one strategy I have for making gains
in the Polkadot ecosystem, is
who've already won
parachains and are listed on exchanges.
So I currently see Moonriver is on sale
from its all time high of around $490,
and it wouldn't surprise me to see Moonriver
eventually trading at around $2,500 a token
if the popularity of Polkadot and Kusama
continue to increase, especially given
that they have one of the most die-hard
communities in all of crypto
and a very unique use case.
Some even speculate that Moonriver could be
a top ten token, which would leave room
for a 40X if that were to happen.
Now one downside I see here is that
Moonbeam could outperform Moonriver
being that Moonbeam is launching on Polkadot
and Moonriver is launching on Kusama.
But because they're built differently
and designed for unique purposes,
I think both will perform well, but
all the tokens on this list are higher risk tokens.
Then we have Parallel Finance, which is currently
bidding on the Polkadot parachain race as well.
Parallel Finance has a unique use case, among
other Polkadot tokens, and I could see
getting in early here,
yielding some pretty nice rewards.
I think Parallel Finance is
favored to win a parachain auction.
Now investing in Parachains
can be a really good investment,
but just remember, this requires
locking up your DOT tokens for two years,
if you want to get in early.
But don't worry too much, because if you
don't want to lock up your DOT, you can always
buy PARA or any other auction token
on an exchange after that parachain launches.
Clover Finance is a Multi-chain.
compatible layer-1 blockchain.
That's a mouthful of words.
So one of the significant features of Clover is
their Multi-chain collected wallet,
which allows users to store tokens
from various chains like Ethereum,
Polkadot and Polygon, all in one single place,
and this is absolutely needed.
I can't wait for the day when we just have
one single easy-to-use wallet.
They're also building an app store
for decentralized finance that allows users
to browse various kinds of dApps,
derivatives and loans all deployed on Clover.
Now Clover Finance is still bidding
for a parachain auction as well.
So again, in order to participate here,
you would have to lock up a minimum of
5 DOT tokens tokens for two years
unless you want to wait for it to be
listed on an exchange.
I actually put in 5 DOT in this project
myself, primarily because I use Kucoin
for trading and they allow you to invest in
parachain auctions directly on their exchange
under the Pool-X tab.
Now I will have Kucoin linked in the description.
If you use that link, you'll save
some money on trading fees.
Now for alternatives, Binance also allows
certain parachain auctions, and you can
also participate directly from a DOT wallet.
I'll have Binance linked in description as well.
Now an important note here.
Each crowd loan auction has
unique tokenomics. So for example,
Clover Finance's reward pool
for parachain auctions is 200 million tokens
of their 1 billion supply, so
20% of the supply
and also 28% of the tokens
is an immediate token release
upon parachain launch,
and then the remaining 72% of tokens
is released over the following 23 months
as a kind of drip.
This means
If you're interested in checking out other
parachain auctions, go to this page for more info.
There you'll see additional information like
project tokenomics and other
options that you can potentially invest in.
Now KILT was designed to be a remedy
to a major problem that we
all are familiar with.
It's the collection and use of our
our precious data on the Internet.
When a centralized service like
Facebook owns your data,
they can just sell that data and earn income,
which is how Mark Zuckerberg became
so wealthy and basically bought
an entire island in Hawaii.
This data is why they can target
insanely specific ads to your feed.
And also, while my name is on screen,
I need to address something.
It's pronounced (Ma-her).
I realized I never say it,
so it's constantly pronounced incorrectly.
And Bill Maher,
he's not doing me any favors either.
It's (Ma-her).
Anyways, the KILT protocol
aims to return the control of data
back to the hands of its users.
Just yesterday, the most well known
Polkadot influencer Donnie Bags,
dropped some teasers on KILT.
He said he couldn't give away any information
about the name of the bank or what they paid for.
But he said it's a big deal and
we'll just have to wait and see
if this pans out because
I've been hurt before.
*vietnam flashbacks*
You know, in Europe, data ownership is
way different than you find in North America or Asia.
They've had laws implemented for years
that protect user privacy on the Internet.
Here in the US, we've just been
freeballin' our data for decades.
Just for the Zucc 🦎 to peek at.
KILT has already-
has already started running nodes on
smart home meters in Germany
- Right now, no one knows this as well,
but there are KILT nodes running on
smart meters in homes in Germany.
- and it's a good medium to long term hold,
in my opinion.
This project hit the hype train big time
after it launched on Kusama,
and it was hit particularly hard in the last month
with the crypto crash, so it may
be a good time to give it a look.
Manta Network is a plug-and-play privacy network
bidding right now on Polkadot parachain auctions.
The tech is based on a state of the art
form of zero-knowledge cryptography.
Now the truth is,
This is a common misconception to
newcomers in crypto, and this is also why
Coffeezilla is able to figure out that
kids aren't really getting saved.
And currently most blockchains aren't
focused on privacy.
DeFi and NFTs seem to be the
core focus of most developers
in this industry.
Now, Manta aims to be the privacy chain
for networks without a privacy layer,
so they don't have to have the hassle
of building their own, and holders
don't have to worry about getting into
boating accidents to avoid certain things.
Two of the biggest services
of the Manta network are MantaPay,
where you can send crypto tokens privately
and Manta Dex, which allows users
to swap tokens anonymously.
I think there will be continued demand for privacy
in the crypto space, as this industry grows,
especially when crypto OnlyFans takes off. [Laughs]
Now, jokes aside, imagine
if anyone could just publicly view your
credit and debit expenses and see
exactly what you're buying.
It'd probably bother you a little bit.
Manta Network is currently bidding
for Polkadot parachains as well.
Their sister network, Calamari,
already won the Kusama parachain in this summer.
Phala network is a project that I
mentioned on this channel before.
Like Manta, Phala is a Privacy chain as well.
But why do we need Phala if Manta network
will likely also win a parachain?
Phala and Manta have in fact
partnered with each other and
are networks that kind of complement each other
rather than compete, according to
the co-founder of Manta.
Phala will provide functions like Privacy swaps
and Privacy lending.
I think Phala could bring a strong
ROI if the bull run continues.
Phala is currently tradable on a few exchanges,
and I actually hold a very small position in it.
Astar is the sister network of Shiden,
which just won the Parachain auction on Kusama
this summer.
It's similar to Moonbeam in that they both
bring Ethereum capability to Polkadot,
but there are some key differences to distinguish here.
whereas
"WebAssembly".
Now I foresee Astar being a
viable investment in the Polkadot ecosystem.
Astar will soon be tradable as it also
recently won a parachain auction.
Now I do want to give a piece of caution here.
because sometimes you'll see a large
run up in price correction in the very beginning.
Not always, but sometimes you just got to be careful.
Nothing will leave you with
a bad taste in your mouth like buying a project
on its way down, even if it's a good project.
Another way to avoid this is
by simply dollar-cost averaging in.
Instead of buying all in on day one,
could spread out your buys, spread out
ten buys over the course of a month,
and then you'll smooth out some of that volatility.
Now next we have Acala
and their extremely unique use case.
It's been called the DeFi hub of Polkadot.
Acala gives developers access to
the best of Ethereum and full power
of the Polkadot ecosystem.
Imagine all the dApps built on
Ethereum like Curve, Aave and SushiSwap,
but combined into a single hub.
This is what Acala aims to do.
Acala is a layer-1 smart contract platform
that's scalable, Ethereum compatible
and optimized for DeFi.
Now the team has built their own AMM exchange,
decentralized stablecoin, AUSD,
Liquid DOT Staking and custom built
Ethereum compatibility machine.
Now Liquid Staking provides a
viable alternative to self
and exchange staking by allowing people to stake
any amount of DOT without having to
lock up their assets.
And this is something that I've been
thinking a lot about, for a platform.
I'm fascinated by making
staking easier for the average investor,
and I think it's possible to have some kind of
liquidity pool to avoid staking lockups and just
make it a little bit easier to use.
So as you can see, I'm very bullish
on Polkadot projects because they offer
access to new tokens with exciting use cases
and strong communities already baked in.
It's kind of like the perfect formula.
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