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As discussed in “Top Upcoming Crypto Moonshot – Part 1”, the intent of this series is to introduce our readers to the ground-breaking upcoming crypto projects.
Interestingly, it is very important to pay attention to these projects right now. Here is why! From a product development perspective, these projects are at a very good stage. More importantly, these potential crypto moonshot projects are pretty close to their token generation events (TGE).
In Part 1 of the crypto moonshot projects, we introduced our audience to the first-ever decentralized finance (DeFi) hack mitigation tool, Lossless. Lossless conducted its IDO on June 3, 2021, priced at $0.077. Interestingly, at the time of press Lossless (LSS) is trading at an ROI of over 461.7%.
Let us take a look at our newfound gems now:
Project #7 Demodyfi
Demodyfi is the first cross-chain Automated Market Maker (AMM) DEX built on Moonbeam and Polkadot. The Demodyfi protocol has been designed to resolve the issue of skyrocketing Ethereum network fees. It brings the best of Polkadot and Moonbeam worlds to the DeFi users. By utilizing Polkadot’s Advanced Substrate Technology and Moonbeam’s Parachain Interoperability, it enables users to access liquidity across the existing DeFi ecosystem.
Additionally, it fulfills all the needs of the DeFi users in one place.
Effectively, Demodyfi holds the potential to be a next-generation dynamic AMM DEX. By utilizing the power of Polkadot and Moonbeam, Demodyfi promises to deliver higher throughput and lower-cost transactions even while staying connected with the Ethereum blockchain. As a result, it will facilitate easy swaps, trade, and management of multiple non-custodial assets Demodify. In short, it is a permissionless one-stop cross-chain asset market that is being developed.
Some of the noteworthy features of Demodyfi ecosystem are:
- Multi-Chain Flash Swaps.
- Multi-Asset Yield-Generating Liquidity Pools.
- NFT Cross-Chain Lending and Flash loans.
- Simple Token Deployment (ERC20 & ERC721).
To incentivize the users, the Demodify protocol has introduced a deflationary DMOD token. The benefits of holding DMOD are fee discounts, staking rewards, reduced slippage, liquidity mining, and governance.
Accomplishments to date
- Testnet on Moonbeam Alpha is live and the mainnet is expected to launch in Q4 of 2021.
Roadmap Ahead
Q2 2021
Initial Beta Launch Phase 2.0
- Token presale.
- Public IDO.
- Cross-chain multi-chain token pool.
- Key token swap information; including smart contract and swap ratio.
Q3 / Q4 2021
First Stable Launch 1.0
Demodyfi 2.0
- Cross-chain token swaps.
- Cross-chain flash loans.
- Liquidity mining.
- Permissionless listings.
- Governance and voting features.
Q4 2021
Mainnet Stable Launch
Demodyfi 3.0
- Parachain integration.
- NFT token deployment.
- NFT Open Market.
Notable Investors
- Moonrock Capital.
- Polygon.
- BSCPAD.
- Master Ventures.
- LD Capital.
IDO Launchpad Platforms
The upcoming Demodyfi IDO (Initial DEX Offering) is set for June 10 on BSCPad.
DMOD available = 1.2M
DMOD IDO price = $0.25 per token
Project #8 Hypersign
Hypersign is a decentralized Identity and Security solution built on Polkadot and Ethereum. The project intends to eliminate data breaches and democratize data security for enterprises in a cost-effective manner. It promises to solve the security issues with OTP’s and social logins by replacing trust with decentralized identifiers (DID).
It is simple to use and stores user data in a manner that is ONLY accessible by the owner and its intended recipients. We are pretty excited about the project because it is the first-ever decentralized identity project that decentralizes personal data. Additionally, it allows users to take control of their entire personal data.
Accomplishments to Date:
- The Minimal Viable Product (MVP) of Hypersign is ready. The users can participate in its Data Defenders programs and become beta-testers. Furthermore, the top participants stand the opportunity to win $15,000 worth of private allocation of $HID collectively.
Roadmap Ahead
Creating DID Registry layers on multiple Layer 1 (L1) networks like Elrond, Harmony, Eternity, and more.
Total Funds Raised: $1.75M [Post IDO]
Notable Investors:
- AU21
- NGC
- Master Ventures
- BlockOG
- Twin apex
- LD Capital
- Moonwhale Ventures
Fully Diluted Valuation at TGE: $12.5M
Market Capitalization at TGE: $500K U$D
IDO Launchpad Platforms:
$HID available = 800,000 $HID
$HID IDO price = $0.25 per token
Competitor Analysis
Kilt, Litentry, Facebook [Login], Google [Authenticator]
Project #9 Privi
Privi is the first-ever end-to-end crypto ecosystem designed specifically for the creator economy. It allows creators and communities to tokenize virtually any asset within its platform. The assets include videos, music, blogs, photography, and more. Uniting decentralized finance and social tools, Privi will return the monetization of content to those who deserve it. Basically, the content creators and communities will be rewarded custom DAOs, NFTs, Social Tokens, and a 3D Metaverse.
All this makes it an interesting pick for our crypto moonshot list.
Privi is no more a concept on paper, it is a full-fledged product with the goal of bringing blockchain to the mainstream user. The social network users become accustomed to social networks booking profits from their user engagement. Discouragingly, this structure only benefits the platform, and refuses to give back to its user base (and the content creators).
Facebook and Twitter, for example, make $92 billion and $3.4 billion per year respectively by selling ads to appear among free editorial content created by over 3 billion users combined. Privi’s total solution allows users to create, host, and join unique social spaces within its decentralized platform where users, creators, and communities alike, are rewarded for every single contribution they make while connecting with their community like never before.
Accomplishments to Date:
- Beta Product Launched in less than 8 months of development. Now the full product launch is less than a month away.
Roadmap Ahead
Q2 2021
Full Product Launched.
Q3 2021
Launch of the mobile application suite.
Total Funds Raised: $3.5M (Private sales)
Notable Investors:
- AU21
- Master Ventures
- Water Drip Capital
- Bitcoin.com Exchange
Fully Diluted Valuation at TGE: $15M
Market Capitalization at TGE: $832,244
IDO Launchpad Platforms: Yet to be announced
Project #10 Dot Finance
Dot Finance is designed as a comprehensive platform for all the DeFi-centric aspects within the Polkadot ecosystem. Basically, it provides a variety of DeFi apps that are dedicated to the Polkadot Ecosystem, and is expected to incentivize the growth of the ecosystem. Furthermore, Dot Finance is built as a Polkadot layer, and can provide an end-to-end solution for the entire DeFi and Web 3.0 stack.
The unique features of Dot Finance are:
- Auto compounding of liquidity mining for an extra of 30%-60% APY.
- First-ever Index for Polka tokens.
- Smart Polka DEX aggregator.
Accomplishments to date
Working product – LP Farms and staking
Roadmap Ahead
Yield Aggregator farms, Staking, PolkaDot Index, and II Guard.
Total Funds Raised: $1.6M
Notable Investors
- Master Ventures
- LD capital
- Poolz Ventures
- AU21
- FACULTY GROUP
- Kyros Venture
- JRR
Fully Diluted Valuation at TGE: $10M
Market Capitalization at TGE: $297K
IDO Launchpad Platforms:
IDO on Poolz – June 18
IBSCpad and Ignition IDO’s to be announced soon.
CEX/DEX Listing:
Pancakeswap and MXC (dates to be announced soon).
Project #11 Pera Finance
Pera Finance is a first of its kind in the DeFi space and that’s what brings it to our crypto moonshot list. It combines transaction fee-based deflationary and emission-based inflationary yield farming methods with a fully decentralized trading competition. In the PERA Token yield farming ecosystem, traders, liquidity providers, and holders can earn both PERA Token. Additionally, they can earn multi-asset yields through the DeFi platforms Pera Finance partners with.
Furthermore, Pera will be the first project that can reward traders in DeFi and bring the trading competition structure to all DEXs, which is widely used in CEXs. Pera’s daily trading competitions ensure that the volume of the PERA token remains high every day. This promises to give much higher APRs for all PERA users compared to similar projects in the market.
Accomplishments to date:
- PERA Token yield farming structure is completely ready and audited by Halborn.
- PERA Token runs fully decentralized trading competitions every day, rewarding the Top-10 volume creating users of the day.
- In addition, PERA smart contract features LP token staking, which rewards liquidity providers, and frictionless yield, which rewards holders with transaction fees on each transaction.
- The PERA reward mechanism will also be a first in DeFi. Ecosystem rewards are provided by both daily PERA mints and transaction fees from each on-chain PERA transaction.
Total funds Raised: $1,995,150
Notable investors and partners
- DAO Maker
- Existential Capital
- LD Capital
- Skyvision Capital
Upcoming Roadmap
Q3 2021
Partnership with DeFi platforms
Q3 2021
Modular Integration of Trading Solutions to other DeFi Platforms
Q4 2021
Bridging PERA Tokens to other Blockchains
Q1 2022
Launch of the Pera Options Platform
Fully diluted valuation at TGE: $4,495,080
Market Cap at TGE: $705,000
IDO launchpad platforms (tentative)
DAO Maker
DEX or CEX listing (tentative)
PancakeSwap
Wrapping It Up
The crypto moonshot projects we discussed in this article are focused on solving the problems that the real crypto world is facing currently. The pace at which these projects are developing their final product is a strong indicator of the fact that these hold some serious crypto moonshot potential.
Keep your eyes open as we are continuously deliberating new projects in the space.
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Find out more about the blockchain and crypto space on the Altcoin Buzz YouTube channel.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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