Hey yo, what is the good word with all the
daily faithfuls in the Chico Army barracks,
and if your new, you gotta earn your stripes
1st...as you're just a viewer of the tube.
My name is Tyler and welcome to the crypto
channel, that is as crazy & passionate, as
this guy trying to get his city to adopt a
cryptocurrency, for mary jane transactions...hopefully
they subscribed.
It’s time for Chico Crypto!
Well, like I said, it’s going to be a little
pumptastic, for a certain coin which is setting
itself apart from the rest….Polkadot...and
there blockchain solution to transform slow,
and unusable blockchains and dapps into real
world applications, not held back by scalability.
August 5th, I posted this video diving into
the Polkadot ecosystem, with the title 3 Altcoins
that will surge by millions, well I should
have said billions, as Polkadot has surged
by that, doubling in price in the past in
just the past week, since August 18th it’s
went from 3 dollars to over 6 dollars as of
yesterday...gaining billions in market cap.
Why is this happening?
Well Evan Van Ness has something to Say.
But 1st Who is evan?
He’s the former but still highly connected
Consensus team member.
Yes, Consensys one of the main development
groups for the Ethereum blockchain, focusing
on both developer tools and enterprise solutions.
Now what Did he say about Polkadot?
Let’s listen
in now.
Ya, Polkadot, is already a more used and developer
robust blockchain, than Tezos, and it only
took it four days to do it, while Tezos has
been out for 2 years.
Checking out Tezos, daily transactions, it’s
not doing much..peaking over 4500 transactions
per day, but averaging in the 2500 tx/day
range recently.
While DOT, has peaked to the 10k transactions
per day level, and recently is averaging around
5k.
And were just into the first 10 days of DOT
being mainnet live, and those are actual transactions
not spam transactions, as I know people will
bring up blocktivity, and say other blockchains
are doing more like EOS, Tron and more…
Well I have included a link in the description
to a Medium article from Fred Krueger, which
is titled Fake traction in crypto, and it
shows what some of these blockchains are using
to fake transactions, including bots, to game
sites like blocktivity, and dapp radar, and
a whole lot more.
Don’t be tricked by the fake in the space,
look for what is real & what is being used.
So, a place people are seeing an opportunity
is you could say, piggybacking off of DOT’s
success...as it’s Canary network, another
coin, I have been talking about oh so much,
is surging too.
Kusama, my lama, it’s baby mama drama.
So, Kusama, it’s the wild child baby bro
of Polkadot, where things are going to be
tested, and experimented with.
Many people, even like Evan, thing Polkadot,
is moving Fast and is made to “break”...well
actually, that is what Kusama is for, their
Slogan issss expect Chaos.
And people, are liking chaos, as active daily
accounts of Kusama, is actually almost double
that of Polkadot today….staking is happening,
parachains are being deployed & Kusama will
be the live birther, of one of Polkadot’s
biggest DeFi projects, Acala Network...the
stablecoin/makerdao type project of this ecosystem.
Acala tweeted on August 21st “ Beyond testnet,
Acala will launch its canary network #Karura
as parachain firstly on the kusama network
& then mainnet on Polkadot…
So this means something is coming regarding
what Acala has been showing off lately...cross
chain transfers, from mainchains to parachains,
where the fee is paid in the mainchains token...significance
for Kusama as it will be hitting them first?
With a DEX, say a Uniswap of Polkadot, you
could feasibly use that DEX and pay with Kusama
for the transaction fees, instead of the parachains
token.
And eventually, you could trade bitcoin on
a DEX, and pay with BITCOIN for transaction
fees.
Experiments are meant to happen on Kusama,
and with ChainX and their Bitcoin bridge,
that is not out of the realm of possibility
to happen on Kusama soon.
So, the Polkadot pumps so did Kusama, is it
going to trickle down to other Polka Ecosystem
projects?
Well yes it will, and if Acala was trading,
it would surging as we speak...but for tokens
trading... it already is...one of my favorites
and most advanced teams in the ecosystem,
has bounced after cooling off from it’s
initial surge.
That is Robonomics…
Why do I like Robonomics?
Well Kusama just had a hackathon, where teams
were building on top of the chain, there were
a total of 15 submissions...and most of them
were for development tools, from multiple
developer teams, but not from team & companies
with tradable coins.
Except 1, and that was Robonomics, with their
submission, Kusama on Mars.
Now this in my opinion, went slightly under
the radar...as what Robonomics demonstrated,
was that a Kusama relay chain, could theoretically
be stationed on earth, the database and nodes,
while a Kusama parachain, per example robonomics,
could live on Mars and control robotic fleets
there.
Ethereum’s database could not live on both
Mars & earth, at the same time, and be a shared
database... but the parachain architecture
fixes this, which Robonomics proved.
What I like is what they are looking into
next regarding this...in their submission
devpost they say “Mars and Earth are in
constant motion in their orbits, which is
why the signal transit time between the planets
changes, which means that the finalization
time in the relay chain may actually change.
We would like to try to implement a parachain
with non-constant block time”
But there was a second, coming token, who
dropped a submission for Hackkusama, that
is Plasm Network, a smart contract and OVM
based parachain for dapps.
Plasm submitted plus ultra, which in short
is a new decentralized and sustainable way
to incentivize ecosystem members with grants,
called community rewards and the proof of
contribution, will be implemented into Plasm
within the next month.
Now, I’m not going to tell you how to get
these tokens, but it’s coming soon, and
they are developing how the token will be
distributed with none other in collaboration
with Chainlink..which is what I always look
for.
So a token that is trading eh?
Well it’s time to get in on the DeFi madness,
with Akropolis, as their Delphi DeFi Beta
went live.
This is an automated DeFi system, which combines
& compounds your DeFi and governance yields
for you, and then can dollar cost average
into tokens like Bitcoin and Ethereum based
on your gains.
The Delphi Beta was capped at 5 million, and
it filled up quicker than you would believe.
Akropolis tweeted about it.
They said “539 unique wallets and $5.0m
TVL cap reached in ca.90mins of the first
guarded launch in DeFi...there were overloads,
because it was so popular and “Next TVL
cap raise - incoming soon.
That was on August 24th, just 3 days ago,
so a raise on that will becoming soon, and
the more TVL, total value locked up in Akro,
the bigger the market cap will grow….
But the big thing about Akro, which I really
think is gonna chang the DeFi game, is Sparta
which is getting ready to go live.
What is sparta?
Sparta is a credit pool where users can get
access to loans without the need of large
collaterals.
Its mechanics allows the Sparta users to get
an undercollateralized loans, as well as provide
funds to receive a percentage of the interest
from borrowers.
Now in DeFi, almost every single loan is overcollateralized.
Sparta solves this major DeFi problem...and
the mainnet for Sparta is collecting DAI,
already for the credit pool.
No lending or borrowing, yet...but it’s
coming.
Now, why would people have put over 130k into
their credit pool, if you can’t earn an
APY or interest yet.
Well, the early joiners are incentivized to
be there.
From the the wiki on Sparta from the team..they
speak of Incentivized behavior, and it says
“Early membership is incentivized by the
bonding curve...and below in improvements
from old models it says “Use of bonding
curve economically incentivises early participants”
Yes, they are preparing to get the bulk of
rewards, they are laying the groundwork for
the pool, which will obviously reward the
early participants, their Wiki clearly says
it.
Now, if I didn’t mention a Polka ecosystem
project in this episode, it doesn’t mean
I’m not still interested in it.
There’s a solid batch of projects my eyes
are laser focused on: Edgeware, EnergyWeb,
SoraNetwork, MantraDao, Kulupu, Darwinaia
& more.
And they are all surging.
Cheers viewers I’ll see you next time!
